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▶ 14:33 · Education Technology · Yass: School choice vouchers could halve education costs and give graduates $300k savings
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Generating Alpha Podcast

Episode 55: Economic Myths with Jeff Yass - Co-Founder and Managing Director of Susquehanna

2026-06-22 · 1 company · 5 thematic
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jeff yass

Jeff Yass is the co-founder and managing director of Susquehanna International Group, one of the world's largest market-making and quantitative trading firms. He is a billionaire investor and philanthropist focused on school choice and education reform.

now playing · Education Technology
Public Markets & Valuationtailwindscore 8/10jeff yass
Yass: US debt sustainable at 13% of $230T wealth, not 100% of GDP
US national debt at $31T is only ~13% of $230T household wealth (7x GDP), a historic low, making the debt/GDP ratio misleading; the real risk is policy destroying the wealth creation engine…
Public Markets & Valuationtailwindscore 9/10jeff yass
Yass: Consumer surplus dwarfs market cap, entrepreneurs capture only 2-10% of value created
Companies like Amazon and Uber create consumer surplus 5x their market cap, meaning founders capture only ~2-10% of total value; vilifying billionaires ignores this massive value transfer t…
Macro & Ratesmixedscore 7/10jeff yass
Yass: Corporate taxes paid by Amazon equal Bezos' tax liability, debunking 'zero tax' myth
Elizabeth Warren's claim that Bezos pays zero taxes ignores that Amazon pays corporate taxes on his behalf; if Amazon were private, Bezos would pay those taxes directly, making the distinct…
Education Technologytailwindscore 7/10jeff yass
Yass: School choice vouchers could halve education costs and give graduates $300k savings
Government education monopoly wastes $43k/kid in NYC vs <$21.5k for Catholic schools; vouchers would create competition, improve outcomes, and return savings to families, making it the high…
Government Technologytailwindscore 6/10jeff yass
Yass: Voucherize all welfare programs (food, education, healthcare) for efficiency
Government should not run services but provide vouchers (like food stamps), creating a more efficient welfare state; this market-based reform is the best politically achievable solution for…