If Ro Khanna and his idiotic base somehow pass their wealth tax as proposed, founders have no choice but to move out of California
There is no world where taking out massive loans backed by founder shares makes any sense and I don’t see how investors could fund these companies
NEWS: Ro Khanna proposes cash-strapped tech founders take out millions in government loans backed by illiquid startup shares to pay his proposed 5% billionaire wealth tax, with the government able to seize the shares if the loan cannot be repaid.
.@naval: “The opportunities have never been more equal than now.
@elonmusk and @JeffBezos have the same iPhone you do. They don’t have some better version of an iPhone.
They’re eating food that might be marginally better than yours, but it’s basically the same.
You might even have a better diet than them. You probably have more time to go to the gym than them.
They’re not immortal, and they’re not going to be—most likely, not at this time scale.
So you have more youth than them. You have a lot of advantages over them.
The wealth gaps are actually much smaller than people think.
A lot of that is due to mass production, which comes from specialization, labor, and capitalism.
But it’s very easy to overlook that and agitate—because that gets you higher in the status hierarchy with other monkeys.
It makes you look like you’re fighting for noble causes and gives you status, which is really what people are craving these days.
They’re craving status, not money or wealth.
And status is a zero-sum game.
So it’s kind of an evil game to play because there have to be losers for every winner.
And the only way to win is by crushing somebody else down.”
Technology is the great equalizer.
Most people now have access to the same internet, the same phones, the same AI models.
And they are very quickly getting access to the same financial services, from anywhere in the world. Geography and your wealth shouldn’t determine this -
Open-source AI models do not threaten frontier lab profitability.
The most valuable sectors of the economy - investing, product development, war, cybersecurity, even scientific discovery - are adversarial and competitive in nature.
You pay to win, or someone else will.
Drones vs interceptors is not an even matchup - it’s like guns vs armored vests.
The attacker gets surprise, gravity, & force concentration.
Jamming and EMPs can’t stop hardened autonomous bullets
The logic of MAD brought to individuals.
If you can see it, you can kill it.
@PareshSardaCA Pure democracy is mob rule, eventually collapses into communism or tyranny.
I prefer a constitutional republic with strong defenses for individual and property rights, but that requires a unique and increasingly endangered culture.
558K Followers 199 FollowingThoughts triggering thoughts. No label required. Learning on the go. Novel in progress. Public feed: general musing. Private feed: Tokyo diary.
479K Followers 841 Following"The Writing Guy" | Christian | Host: How I Write Podcast | I tweet about writing, beauty, and architecture | My writing: https://t.co/SOE9HtxXdi
469K Followers 2K Followingwaiting for agi. i live to experiment. don't take me too seriously I am an idiot. content, games, and tools. you will be blocked if you don’t get nuance.
387K Followers 4K FollowingCo-founder of Tiny w/ @_Sparling_. We own @Metalab, @Serato, @Letterboxd, @AeroPress, and 35+ other wonderful companies. Author of Never Enough.
202K Followers 317 FollowingLearn from history's greatest entrepreneurs. Every week I read a biography of an entrepreneur and find ideas you can use in your work.