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Billionaire on Biden’s tax proposals: I try not to worry about what ‘I can’t control’

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Eldridge co-founder & CEO Todd Boehly joins 'Influencers with Andy Serwer' to share his thoughts on President Biden's time in the White House.

Video Transcript

- What do you think about the policies coming out of the Biden administration? For instance, there are a lot of tax proposals on the table right now, Todd.

TODD BOEHLY: Yeah, no, I think I try to not get too wound up about things I can't control. And I think we're on a roller coaster, and taxes go up, and taxes go down, and taxes go up. And if you look at the history of the US, I think taxes during the Civil War were, you know, 90%. So I just think you're on a ride. And, you know, as a human, I don't get too worked up about it. Because I'm more focused on, you know, what I can control.

And, you know, I'm not going to get bent around an axle on something I can't control. A, I think it's worthless. And B, it makes me frustrated, so why would I want to do that to myself? But ultimately, I think that, you know, they're doing a good job of kind of managing a complex puzzle, right. And the reality is, you know, I know like how many things can go wrong in my own businesses every day with thousands of people. And then you think about like, you know, managing a country, I don't think it's a small feat.

So I think you're doing-- I think that they're doing a good job. And you know, again, I'm just happy to be an American. So, you know, I think there's-- no matter what, when you start to look at the opportunity set we get and all the benefits that are ascribed, and there's no guarantees that you were born an American. And a lot of us end up holding cards that, you know, we were born with, right.

So you kind of have to start with that mentality, at least from my point of view, and then figure out how you can continue to make things better, how you keep evolving, right. And I think we're in such an exciting time, you know, with evolution kind of changing so dramatically, so quickly, and across so many different things. So, you know, I think we're lucky to be alive and we're lucky to be American.

And, you know, I'm happy to have a president that, you know, I'm proud of.

- Yeah, well, that's refreshing to hear about taxes in particular. Because I've heard a lot of people in your position just get all bent out of shape about 200 basis points of taxes. And I look at them and I say, is that really going to crimp your lifestyle, man, you know that kind of thing?

TODD BOEHLY: You know, to me, it's just part of the trade that we're fortunate to be in.

- Right.

TODD BOEHLY: Right, which is as Americans.