KZ69
4K posts

KZ69
@bro_cool_69
Freelance Technologist. Indie Game Developer. YC alumnus. Punk Rocker. Crypto burnout
The Internet Katılım Mayıs 2008
667 Takip Edilen471 Takipçiler

@PalmerLuckey Great take. The PS1 and Sega Saturn weren’t afraid to dabble with 2D during that era and led to some very unique aesthetics.
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Realistically what even is there to invest in on a 5-10 year horizon?
S&P at ATHs
Gold near ATHs
Treasury bills barely above the rate of inflation
Housing market is cooked
The dollar is cooked
WHERE DO I PUT MY MONEY
Kalshi@Kalshi
JUST IN: S&P 500 hits all-time high of 7,200
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If you gave away $126 billion to subsidize free flights between LA and San Francisco at current demand levels, you could fund roughly 150 to 200 years of travel before the money runs out.
KTLA@KTLA
In a 60 Minutes report, officials said they now believe the rail line linking L.A. and San Francisco could ultimately cost about $126 billion, more than triple the original price tag approved by voters. ktla.com/news/californi…
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California's population grew 0.4% in the last decade.
The number of state employees grew 24.5%.
Total state spending grew 48%, inflation adjusted.
You have to ask - where did all the money go?

Kenneth Schrupp@kennethschrupp
Newsom has nearly doubled state spending, but where has the money gone? Our latest @CityJournal California report explains how $180B or more of taxpayer funds appears to have evaporated into the hands of fraudsters and criminals.
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@hthieblot Austin (hard tech)
El Segundo (hard tech)
LA (software)
Seattle (finance)
New York (finance)
Portland (bad software)
Or somewhere in China like Shenzhen.
Hope this helps
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it hasn't sunk in for most people. we already live in a post-scarcity society. UBI is already here.
basic package: disability, medicaid, food stamps etc
bonus package: literally getting paid for staying at home and hanging out with your relatives
extra bonus: if you are willing to commit fraud, pretend your kids are autistic and get paid for that. get paid for watching your neighbor's kid. pretend you are taking care of your grandma. fake hospice clinic. fake rehab clinic. fake therapy clinic.
giga bonus: during a time of crisis take advantage of PPP or CARES and open a fake business and get paid for existing
people are shocked when they learn that defense is the FIFTH largest line item in the budget. ahead of defense: social security ($1.6T), interest on debt ($1.1T) medicare ($1T), medicaid + ACA ($1T), AND THEN defense ($0.9T)
complain about defense all you like, but healthcare fraud is a way bigger factor. hundreds of billions per year.
this is only going to get worse, because the fraud is a structural part of the system – payouts to client groups in exchange for votes (normally D).
in the US, only 47% of the population actually works (fully 14% of the population is working age and does not work). retirees are 18% and children 22%.
the system I described above subsidizes 50m non-working people absolute minimum, but really it's far more because people that are paid to stay home and take care of their relatives are considered "workers"
of that 47% of "actual workers" maybe one third does real work, the rest are shuffling papers around or doing fake email jobs. so you have, rough math, 50 million actual workers supporting 300 million dependents. that's the nature of the economy today. it will only accelerate. eventually you will have 10 million using AI tools to do all the work and 340 million dependents.
the reason no one roots out the fraud is because it's the system that keeps our extremely fragile polity intact. the fraud is the UBI. the purpose of the system is what it does.
of course, it's a deeply unfair system, because you are allowed to commit fraud if you are a politically protected client group of the democrats. DOGE was killed faster than any government program ever, because it attempted to root out the fraud. if you are honest and unwilling to commit fraud, you are a huge loser in this system. your neighbor will have their mortgage subsidized by some government program. they will get favorable SBA loans due to DEI. they will open a fake hospice or autism clinic. they will get paid for taking care of their neighbor's kid and vice versa. the primary skill in the labor market is learning how to extract money from state and federal government programs, not gaining skills or making yourself employable. if you are just trying to work an ordinary wagie job you are a huge sucker. you are paying 40-50% effective all in taxes to everyone else who is a net taker.
the sad part is because AI is such a substantial productivity boost, it will actually keep this system going for a while longer, and maybe in perpetuity. AI boosts the 15% of the population that is actually productive so much that the remaining 85% can coast by. no one in charge will change this because they can't think of anything else. the political costs of a real UBI program are too great and we don't have the money for it anyway. so we will keep this covert fraud-based UBI program running indefinitely. unfortunately, if you are an honest wagie, you lose.
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Got a new printer - it prints on anything, even curved potato chips! So far I've been using it as a $2100 labeler, its camera positioning system makes it dang easy (and addictive) to use. Hrm, what else can I print on... (Credit: some pics are from @Yumcans's game Popslinger)



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