Watch Social Capital CEO Chamath Palihapitiya: Let Some Billionaires “Get Wiped Out” Video

22 sec read

“A CNBC interview going viral on Friday shows a venture capitalist urging the government not to bail out billionaires and hedge funds and instead let them “get wiped out.”

“In the interview recorded on Thursday, Fast Money Halftime Report host Scott Wapner appears utterly stunned at the suggestion from Chamath Palihapitiya, the CEO of venture capital firm Social Capital.

“”You keep saying ‘propping up zombie companies,'” Wapner asks in a clip from the interview, which has since been seen more than 5 million times. “Are you arguing to let airlines, for example, fail?”

“”Yes,” Palihapitiya replies to Wapner’s apparent shock.”

Read more at BuzzFeed


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