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This man is proposing to do with the sum total of published human knowledge what capitalism does with everything: steal it and then build enclosures around it for profit.
Chief Nerd@TheChiefNerd
🚨 SAM ALTMAN: “We see a future where intelligence is a utility, like electricity or water, and people buy it from us on a meter.”
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@captgouda24 No, we should not undermine autonomy and the pursuit of exellence for billions to (almost insignificantly) improve the tech talent pool
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"Little idiot" disastrously screws up attempt to retrace the footsteps of his idol. Einstein got his PhD at 26.
All day Astronomy@forallcurious
🚨: Belgium's 'Little Einstein' earns PhD in quantum physics at age 15
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As a Norwegian startup founder I've unfortunately spent a lot of time thinking about, dealing with, and debating unrealized capital gains taxes. Here are some key points worth noting:
A wealth tax is an implicit form of confiscation. While practically all other taxes are based on taking a cut of a voluntary exchange, a wealth tax is a transaction forced by the state.
In practice, there are only two ways to pay it: taking out a very high salary or dividends, or selling shares. For private tech companies, this is usually neither feasible nor desirable. In either case, every $1 of wealth tax paid reduces the company’s value by $1—meaning the state has de facto confiscated private property. In fact, it takes out even more than the $1:
You also pay taxes in order to pay taxes. Income, dividend, or capital gains taxes must be paid to extract the cash needed to pay the wealth tax. As a result, the true effective tax burden is significantly higher than the stated rate.
The value of any asset can change quickly. Wealth taxes are set at an arbitrary point in time. An asset can drop 90% between the wealth valuation date and when the bill is due. It is deeply unfair to pay an actual tax bill based on values that does not exist anymore. Furthermore:
It is impossible to know the true value of an asset that is not transacting. This creates substantial uncertainty for taxpayers and high administrative overhead for governments attempting to assess values. Preferred versus common shares, vesting schedules, transaction size, and whether a founder or a small minority shareholder is selling can all lead to vastly different prices for what appears to an ignorant observer to be the “same” shares.
The only sensible solution to these problems is to tax voluntary transactions in the economy. Those who lean left may prefer higher marginal rates, while those who lean right may prefer lower ones—and that is a legitimate political debate. High tax rates can be fine; taxing unrealized values can't.
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So curious that such a wealthy man never posts anything that indicates that he enjoys or is even aware of what virtually everyone appreciates— scenes from nature, pet dog or cat, praise for a movie, music, a book (but doubt that he reads); pride in a friend’s or relative’s accomplishment; condolences for someone who has died; pleasure in sports, acclaim for a favorite team; references to history. In fact he seems totally uneducated , uncultured. The poorest persons on Twitter may have access to more beauty & meaning in life than the “most wealthy person in the world.”
stepfanie tyler@stepfanie
hello i would like to report a murder
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Day in Trump's economy:
> Wake up, check the news
> BLS: "10 billion new jobs created"
> Check my phone to see what today's tariff rates are.
> Norway up 20%, Cambodia down 5%
> Go to my iphone assembly line job where I make $7.25/hour
> Spend next 4 hours putting chips inside phones
> Take 15 minute break
> Check my shitfartpisscoin holdings
> Rugged
> Watch the FOMC meeting
> FOMC is just Trump
> Trump goes on stage and announces he's raising rates from -10% to -5%
> Also announces date of Jay Powell's public execution
> AI manager scolds me for taking 16 minutes on my 15 minute break
> It's only been 12 minutes
> Call employee help line to complain
> It's also AI
> Go home frustrated
> Complain to my girlfriend about my job
> She's also AI
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