Palihapitiya warns that high welfare payments reduce people to a shell of their potential based on lived experience.
“But two, you're gonna reduce people to a shell of what their potential is, and that is not good.”
Palihapitiya says threshold for learned helplessness is far lower than people think, citing family welfare experience.
“The threshold for learned helplessness is far, far lower than one may think. I grew up on welfare. And my mother was initially a housekeeper.”