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tony69

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I’m not sure what the justification is, but I assume it’s some flavor of “so index fund holders don’t miss out on returns”. It’s crooked because index inclusion drives massive flows at any price. SpaceX understands this and with so much money on the table probably exerted influence (maybe the big AI players contributed too). Passive funds don’t care about price (quite the opposite, they reward higher market caps in a feedback loop). But with an IPO, you’re supposed to let the market have some time to find the right price. Not to mention the changes related to profitability rules etc.

By “raising death taxes”, I meant comprehensively, eliminating loopholes, as the sources I linked discuss more at length.

Re: irrevocable trust, a cursory search revealed no legitimate use case imo, all use cases I see are proxies to skirt taxes or hide income/wealth. What would you consider a legitimate use case for one?

Your point re: case law is well taken, but per [2] up until a few decades ago there was a cat-and-mouse game between laws and tricks regarding inheritance wealth transfer. This stopped and it’s easier than ever to transfer > 10M tax free at or death, which has massive implications for wealth inequality.

That said I agree it’s extremely unlikely and have no hope that any of this will change.

Ferrari vs. Markets 6 months ago

.74 is pretty weak for a correlation, and correlation is already mostly meaningless on its own

Our business got charged a 200% tariff on a UPS import from Japan, completely incorrect. The dispute is taking much longer than OP’s. Either UPS doesn’t know what they’re doing, or they willfully charge higher fees, or maybe they’re just understaffed from the massive layoffs they did to try to save their stock price.

edit: as a biz you (we) should use a legit import broker instead of UPS. But individuals like OP are stuck with no option.

He is describing how bidding for publicly funded projects fails, because the bidding process designed to avoid corruption has been poorly designed (or corrupted by lobbying) such that it effectively sidelines honest and qualified bids. I would say this is a typical outcome with well meaning bureaucrats in a democracy, not capitalism

You have it reversed.

Currency inflation leads to unfair distribution because the value of financial assets grows faster than the real economy (it inflates).

Currency deflation benefits the poorer. As technology and productivity grow, it costs less to produce goods, so their prices should decrease.

The currency hoarding behavior that you describe is no different than today’s financial investment.

It is trivially easy to avoid the effects of inflation by investing - if you have assets to invest, that is. But if you live month to month, you get screwed by inflation, because your salary is sticky as prices rise.

Deflation is fairer and reduces moral hazard in finance. The weak point of gold is that it’s too slow to settle transactions (you have to move it), so a paper gold system on top of it inevitably arises. [0] “broken money” by Lyn Alden

It’s comforting knowing that I’m not the only one being driven crazy by the renaming file focus thing. Now when I paste a file and go to rename, I wait and watch the focus selection switch 3 times before I know I’m good to type

(not OP) I open the “videos” folder and it takes 10 seconds to show the files list (there’s only like 50 files). I tried various forum solutions (whose existence proves it’s a bug) and nothing worked. Only happens on the videos folder.

You might be right that the AI is more difficult, but I disagree on the androids being dangerous.

There are physical limitations to androids that imo make it very difficult that they could be seriously dangerous, let alone invincible, no matter how intelligent: - power (boston dynamics battery lasts how long?), an android has to plug in at some point no matter what - dexterity, or in general agency in real world, seems we’re still a long way from this in the context of a general purpose android

General purpose superhuman robot seems really really difficult.