July 14, 2026
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0:41Now PlayingChamath Palihapitiya, Social Capital and 8090 CEO, told CNBC's "Squawk Box" on Tuesday that the wealthy do not want to give their money away because politicians are "terrible at what they do."
"The policies do not make any sense," Palihapitiya said. "They are totally ineffective. They're about their own power and their own influence."
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