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Jul 27, 2021Liked by BowTied Bull

"The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it." - Jeff Bezos

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Awesome article. As always, the things you mention off-handedly are almost always the most crucial. Your point about AI and advertising is so damn true that it hurts.

I posted this on Twitter earlier: "I'm using AI to automate my linkbuilding outreach. I've built DA80+ links from major websites (Today Show, Healthline, etc.) with essentially zero effort (small amounts of work required, basically 95% automated). If you aren't keeping up with AI you're going to get WRECKED."

A lot of those links are from legacy media outlets that have no idea how out of touch they are. Affiliate SEO is getting so easy for people who know what's up.

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Jul 26, 2021Liked by BowTied Bull

I think the real question here is was he whackd.

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founding

UBL concept is solid. I doubt anyone here would be even remotely communist/socialist so no idea who is getting annoyed at you guys for advocating for post robotics/AI support of people to get things like housing and food sorted.

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Interesting tax thread. A lot of your tax proposals are actually in place in Australia. There are luxury car taxes and alcohol/tobacco have much higher tax rates. Food has 0% tax applied until it is turned in to a good (i.e. fresh beans: no tax, beans sold at a restaurant after being cooked: 10% tax). And housing is taxed by % of what the property is worth and only applies after your 1st home or if it is owned by a trust. No death/inheritance tax though.

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Jul 26, 2021Liked by BowTied Bull

IMO:

1000yrs ago = church age

Few hundred years ago = gov. age

Present = corporate age

One example, holidays

Previously, the church set the holidays (feast days)

Then it was the government

Now, corporate (google doodle)

I’m bringing this up because if the real players are the corporations, need to bring them in for UBI. If not, as you said, simply will change locations, lost tax revenue.

How that looks, no idea.

B corporations? endowments giving grants?

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founding

The tax proposals all dodge the central problem, which is that government bureaucrats and elected officials are incentivized to NOT solve those problems. Seems that problem needs to be solved first, which means lobbying. Gay rights groups were very effective at coordinated, grassroots lobbying to manage sweeping policy changes in the last decade across businesses, religion, government, education and culture. That's probably the most decentralized, modern business model to use.

The US pays farmers NOT to plant to keep food prices up. Slashing that would cut food prices (and probably finish off small farmers), but it would also increase the amount of land converted from natural areas back to monoculture. Would need to soft-land that somehow.

Alternatively, UBL could be done without government taxation, so long as you get a billionaire's buy-in (or willingness to give you an interest-free loan for $1B/gift you after his death). "Solving hunger" in the US is estimated to be $25 billion/year, which is ~$75/person on average. Start with one city for proof of concept. Choose a city of ~1 million, so rough estimate is $75 million/year to feed all the hungry there. A billion dollars invested at 7.5% annual return feeds the hungry in that city without touching the principal. Show proof of concept there, and then scale as you get buy-in from everyone who wants to be a part of 'ending hunger'. Get the idealists in the soup kitchens for free labor, religious orgs for space/labor, and get branded supplies from companies that want a tax write-off for advertising. Then branch into providing at least temporary housing. You have enough political power now to take over the local government. If you started in a low population state, you might even control a good chunk of state politics once you win the 1M city. That ensures government helps your cause, and you can use tax money more effectively to scale. You need a total 25x scale to solve the current hunger problems for the entire country. If hunger quadruples, you'd need 100x scale.

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where can I sign up for that forex pls:D

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Very interesting post, thanks.

I love that all the ideas that people think are 'communists' sounds fairly reasonnable (or actually already in place) to any european...

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founding

Avoiding war/violent revolution question: how are women going to be split?

If you give men food, shelter and sleep but no cunt I don't see this working LT. Arguably, the food, shelter and sleep are all in order to reproduce/pass on genes, but you need cunt for that.

AI? VR? If yes, will masses eventually get fed-up/red-pilled from the robot cunt and revolt violently?

For turbos, look up a map showing polygamy percentage by country and notice if there is a correlation between shithole-ness and polygamy (hint: yes, big time). Further evidence: 2% of world pop. is polygamous and all major religions are mostly monogamous (even if poly. permitted)

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"Blew it on bizarre mansions" is a good story, designed to engage Story Mode in people's brains. Most people will accept anything if you can get them into Story Mode.

Did he use leverage and get wiped out that way? I could have believed that, but they don't even attempt to spin that story! Lazy liars are lame.

From the article: "valued at more than $25 million but sold at auction for a mere $5.72"

Even if we generalize that out, and he got $0.20 on the $1... does that mean he's "broke"? No!

Would an eccentric person that built "bizarre mansions" for shits and grins sell them just because the market bottomed? Hell no!

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founding

Another likely outcome is taxes on real estate; the boom will be seen as a potential grab opportunity by politicians. Will also be popular as seen to be pushing prices lower.

Land tax generally arises late in the cycle when other options are running out - effecitvely when economies go feudal which is really where we are going. Except this time instead of landowners its tech owners.

So property looks like an awful investment and a hot target for taxation. Can't get out of it once the law changes; illiquid and super risky.

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this was also a great read, always look forward to the posts. When I read the article it 100% did not make sense...

Super curious here if anyone on here has a political background. Would love to know that these sort of things are being talked about or being ignored by the "leaders" in gov positions

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Your proposal on Luxury taxes are pretty common outside of the US e.g. Subway tried to class their products as bread to pay the "essential" rate of VAT in Ireland, however, the court ruled that their products were cakes due to their sugar content and had to pay the higher "Luxury" rate of VAT.

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I'd like to see sales taxes based around trademarks and patents: A t-shirt can be ~0% tax but a t-shirt with a Hugo Boss logo gets taxed at 20%

There's justice in this because part of the value of the logo is that you want everyone else to agree not to copy it. Members of the public are leaving money on the table by not printing their own Hugo Boss t-shirts, which increases the value of yours. Why shouldn't we be compensated for that?

You can apply the same thing to shops. Your local restaurant agreeing not to call itself McDonalds is giving the McDonalds company value. There's no problem in asking McDonalds to show gratitude for that.

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I’ve always been a big fan of the FairTax. Never made much progress in the legislature. I like that it is sovereign individual fwd with a potential for a back door ubi.

Do away with income tax / Corp tax... favor high consumption tax / progressive property tax (depending upon zoning). Fine with some estate tax too but find those tricky with small businesses and illiquid assets.

Bigger problem is big corps / powers that be don’t want simple tax code. Want complex tax code they can manipulate. Gives competitive advantage.

Pols want complex tax code they can sell to the highest bidder.

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