270 karma · joined December 7, 2021
I think the sensible option is making death a taxable event, rather than borrowing (with perhaps exceptions for the family farm, but not for the family billion dollar business).
And the second best solution is eliminating the step-up basis, which without deemed disposition at death is just a free gift of capital gains tax rebates to heirs of the most wealthy.
I.e. investors have assigned roughly zero probability to CrowdStrike bearing the full cost of this incident, and set the market price accordingly.
It was always fun to hit the interviewer with this, it’s exponentially faster than the memoization they were usually expecting.
Work that is unattractive would presumably still be incentivized by higher wages.
If you believe that electorates punish politicians for decisions in the public interest, and legislators’ jobs would be easier if they were less accountable to their voters, why support democracy at all?
Instead, we have a dire shortage of doctors and people in government employed full time trying to recruit the limited supply.
Doctors can’t move to the next hospital for more pay, but they can move to the next province, or to the US.
I get preferring (10x or 0x) to (1.5x). I don’t get preferring a near-certainty of 0x to some recovery of their capital with a pivot to selling a smaller-but-sustainable business.
Is it something like they’re measured by LP’s (or someone?) on only non-zeroed investments?
It at least can often eliminate the rolled back change as the cause, even if it doesn’t fix the problem.
If P=NP, a very large class of optimization problems probably become practical to solve, which would be a big win for science and technology generally, to the extent that I think it would be felt in daily life.
Edit to add: and also as another commenter mentioned, most existing encryption would likely be much easier to break, which would also be felt.
For example, we force most doctors to take a 4 year degree before medicine (sometimes pre-med, but often an arts or non-biological science degree). Wasting 4 years of a future doctor’s prime career on an expensive and often irrelevant screening program is extremely wasteful for society as a whole.
Which is why food tastes very different if you lose your sense of smell, and why making artificial flavours is not just a matter of mixing a few base flavours.
That’s why the SIDS reduction measures are mostly ‘sleep on the back, in an empty crib, with nothing soft around’.
But it’s much easier to tell a grieving parent that there’s nothing they could have done, than that their baby got unlucky and suffocated to death.
Maybe the people producing the shit need to go too.
It is true that buybacks are more tax efficient than dividends, which is why companies generally do buybacks instead of dividends.
The US tax on capital gains is definitely a mess though.
Giving people a real choice seems easier than regulating every possible kind of job.
Astronomy already ignores leap seconds in the same way that modern finance ignores half-crowns and shillings.
And other people say rockstars and mean ‘assholes that churn out new features really fast with incomprehensible code and then leave others to maintain their monstrosity as they move on to the next thing”.
I assume Amazon is large enough to have a team somewhere with 6-10 of the ‘good’ version, and also a team somewhere with 6-10 of the assholes.
People are told to “invest for retirement” and to do their financial planning based on 4-8% per year growth after inflation, when the risk free rate has been 2% or less for 20 years.
If the US stock market stagnates for the next 20 years like it has in other countries, people will be blamed for buying ETF’s too. “Don’t invest money you can’t afford to lose”, say the people who profited from 20% annual growth on houses while mortgaged to the hilt. But also, “why can’t millennials afford houses?”
First, as the author states, it’s hard to get consensus on a tool if it wasn’t baked in from the beginning. I don’t think there will ever be a dependency manager or especially an option-free formatter for C++ with the same adoption as gofmt or go modules.
Second, it helps a lot to have the compiler/runtime authors think about the tooling. Go runtime developers think about pprof. GCC developers don’t think about the UX of valgrind. C++ standard authors don’t write PR’s for code formatting tools when they change the language spec.
So it doesn’t seem contradictory that overall consumption stayed constant while the advertising arms race advanced significantly.
https://journals.physiology.org/doi/abs/10.1152/japplphysiol...
Most students are in school because they want jobs, not to learn to think. The professors may be interested in that goal but how can they possibly achieve it with a student body that just wants their degree papers and a shot at the upper middle class?