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Joined 2 years ago
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Cake day: October 23rd, 2024

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  • DOJ (Trump submissive) tried to argue that Musk/Xai should not be liable for pollution from their BS unpermitted gas turbines on wheels that have stayed longer than “temporary allowed” duration. They said national security importance of AI means that neither removal nor damages to population affected should be considered. Judged called BS, but that is what DOJ tried to do. DOJ is likely to pay for Musk/Xai defense for appeals to SCOTUS.

    There are still enough vultures that can take assets from bankruptcy. In their byline, coreweave is at head of domino chain. Nvidia is at the end. It definitely would be disgraceful to sink “all our money” into protecting stock values behind skynet, but the most obvious means of propping up the bubble is for skynet project to buy all the tokens.





  • This is a very big deal. Industry largely pushed to accept this regulation. Natural gas is already worse than coal for emissions when exported accross an ocean, even when methane leakage is accepted as minimized (pipe connections are tested/replaced instead of presumed to be 0 leakage).

    Natural gas prices are low despite datacenter demand, and extreme disruption of global supply, and high US export capacity utilization, because maximum drilling for oil produces a lot of “free” natural gas. Regulations in question force to capture that natural gas and use it for something. Natural gas prices would skyrocket if rules removed, increasing Americans/global heating/electricity costs significantly, and at $100/bbl oil, more oil drilling incentives are not needed.

    This is more of “Global collapse is making our oil companies $100s of Bs” mission accomplished speech, but adding that more wealth needs to be transferred to them.





  • While (probably) not technical fraud, there is massive accounting BS in their financial reporting. $3.6B in Sales and marketing expenses has $400B+ hidden through capitalizing free services as “customer acquisition”, but rest of it is commissions paid to GOOG/AMZN partners, and shouldn’t even be part of revenue. They also capitalize training/fine tuning costs even though 1 month release schedule for model versions make previous model version worthless.

    So the big lies are “operational profit” and revenue is greater than compute costs. They will have to drop Q3 results officially before IPO, and reason they didn’t is their Q2 apparent revenue to compute cost ratio lie, also hid that they got $2.5B free rental worth from xAI as part of their circular fraud deal to rent from them temporarily at absurdly inflated prices.


  • the existence of billionaires is itself an abomination of a broken economic system.

    the broken system is direct evil corrupting social governance. Money=speech means money= fraud, theft, terrorism, genocide. But it is the latter application of money that is evil rather than money. It is cause for liberating the evil from their money. Your view is simply dead wrong.

    The only path to wealth is accumulated propensity to savings. Extremely large yacht and epstein island orgy budgets, and MC hammer entourage hookers and blow, is wealth avoidance path. These lifestyle choices are the only path to trickle down, but you might hate them too, perhaps for the one trick “billionaire haters” hate.


  • but with the top rate at upper-middle income. You’re basically targeting doctors and lawyers as “the wealthiest”, when they also earn next to nothing compared with actual wealthy

    Progressive taxation stays, its just added to investment income (capital gains deduction no more) as well. It’s enough because its $3T additional revenue before carbon taxes. Billionaires “only” own $8T or so, and a wealth tax that applies just for them would need to be 35% of wealth every single year to raise the same amount. The $16m~ wealth level (top 1%) would need a 5% wealth tax every year to raise the same amount.

    The far more important social governance objective, is distributing social revenue to people as dividends is far more helpful than raising more revenue to pay oligarchs more for more wars. The goal shouldn’t be to generate anger at a group just because they saved wealth, it should be to maximize shared prosperity.


  • Failure to appropriately tax wealth while taxing income alone is the fundamental cause of labour having no value in the modern economic system

    Linked proposal would have 0 employment income taxes up to $100k, and 0 payroll taxes. 5% increment surtaxes on sliding scale incomes above $100k. Investment income would have base 25% tax. Taxing the income that is derived from wealth (investments) at equal rate to employment income (the 0 income tax is a gimmick based on not deducting employment expenses from employer) is both the right fairness balance, and high revenue raiser. The far greater benefit to 90% of population, overlapping the employee class, is freedom dividends. Over $36k/year in US per adult can be afforded when we stop thinking of just wealth taxes to fund a larger nazi empire by the oligarchs for the oligarchs.

    Taxing investment income is a fools errand because there are a million ways for them to enrich themselves off their holdings without appearing to HAVE income, on paper.

    The one big way is borrowing against investments. A $1m-$5m limit would go a long way to eliminating the loophole for ultra rich. Trusts can be taxed more. The loopholes can be fixed.

    The race to the bottom in US, is based on piecemeal “populist emotional” local measures, that just as Corporate investments shop arround for biggest local tax breaks, threats of leaving when “fair tax local” proposals/policy pass is a weak attempt at not fixing anything.

    Instead of taxing wealth as a principle, I do support financially zeroing out those who sponsor speech of nazi economic fraud, and zionazi theft of American prosperity. But, essentially, everyone is/should be encouraged to get as rich as they want as long as they STFU and pay their taxes instead of corrupting government to make them richer.