
Bill Pugh
2.7K posts

Bill Pugh
@wpugh
Professor, software developer, maker, mentor, fire eater. Pronouns: he, him, his.









The way to fix this problem is to make borrowing an amount in excess of your basis in a stock taxable. In other words, if you have $10 billion of stock in a company you founded with zero basis, loans secured by the stock should be taxable as if you sold a like amount of stock. So, for example, if you borrowed $1 billion you would have a capital gain of $1 billion. This would be both fair and practical to implement.








AI agents being able to run unit tests is SUCH a massive unlock. If you're a dev who has utilized unit tests heavily: using a tool like Claude Code makes so much sense. And if you don't yet use tests: with AI agents, don't see how you would not do it sooner or later...

