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Comment Re:This post above brought to you by (Score 1) 132

Even more seriously though, California natives both more and less native than me (my father and I were both born here, before that the history gets Mexican, but that covered a lot of ground once) would be perfectly happy if the Hollywood and the tourism went away,

LOL everyone outside of LA hates LA. Dirt bag slutty water thieves.

Comment Re:taxing unrealized gains is problematic (Score 1) 132

That must be that risk that they keep explaining they take on board ...

That is investing in a company, not unrealized gain in general. When you start or invest in a company you are at risk due to flaws in the business plan, flaws in execution, changes in government policy, unanticipated/unpredictable events, etc.

Comment Re:taxing unrealized gains is problematic (Score 1) 132

i say the guy is only talking points and he responds with more talking points.

When two California's are discussing something local they don't need to document the obvious that they both already know.

Saying the California state gov't wastes a lot of money is like saying California coastal waters are cold. They are local knowns.

Comment Re: taxing unrealized gains is problematic (Score 1) 132

A relic of the medieval church's tithing practice that unfortunately got carried along to the new world from the old, analogous to the way that encephalitis mosquitos made it to our shores.

Personal realized income taxes are directly proportional to economic output and are the least distortive way to generate revenue.

Comment Who came up with the pivot ... (Score 1) 21

These folks want to do AI research. "Image Generation" probably isn't doing so well in the mind of investors anymore. So they probably asked their AI for a business model that would be more attractive to today's investors and the AI came up with "Medical Imagining". So here we are. They get to keep doing AI research. The investors are happy. Win. Win. :-)

Comment Re:Sojust like every other tech growth story (Score 1) 187

The "innovation" of China "being able to launch new models in 18 months" is f*ing embarrassing.

Not really, it's "innovation" is largely based on General Motors and other foreign research they got their hands on through partnerships that required technology transfers.

That is literally the sort of stuff they got from General Motors in recent history. Prior GM CEOs were careful not to share intellectual property, but the current CEO decided to share IP to get loans and other things that would keep the stock price up and the executive bonuses coming.

China has outsmarted American CEOs, not the American engineers. They think beyond this quarter's bonus.

Comment Re:We need a max wealth cap in America. (Score 1) 132

Once you hit a billion dollars, the government sends you a silver dollar plaque and taxes all future wealth over 1bn at 50%. Once you hit 10 billion dollars, the government sends you a gold dollar plaque all future wealth over 10bn at 100%.

That won't work. Billionaires and their lawyers are way smarter than the legislators who will draft those laws. They will be worked around. A crude hypothetical: A CEO's $21 million salary could become $1 million and an annuity that pays $1 million a year for life. At these levels a CEO normally lasts 6 years. So rather than taxing $126 million you'll tax $27 million and the former CEO will retire to a tax free stated and collect $6 million a year from annuities. Again, just something unrealistic and crude to offer an understandable workaround. And for those of you question that someone would take a lower working salary in working years for generous retirement payouts. That historically has happened. Such tradeoffs have been made by labor unions for many decades. In reality CEOS and their attorneys will craft something way more complex, but the point is really the legislature will be worked around.

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