Comment Re:Govt induced Vaporware (Score 1, Insightful) 30
so called LLM's
LOL
likely use the same backend technology
LOL
differences may be the weight
LOL
of the database'ed responses
LOL
so called LLM's
LOL
likely use the same backend technology
LOL
differences may be the weight
LOL
of the database'ed responses
LOL
Rich people don't liquidate assets when they want to buy something.
They get a loan against their assets. At extremely good rates. And no, they never pay them back. The strategy is called "buy, borrow, die".
First, you need to understand that if the stock price goes up more than their (low) interest rate, they're still making money.
Second, the whole thing is rolled up only when the ultra-rich person dies. The assets are revalued to their current market price at the time of death, wiping out decades of built-in capital gains tax liability. The estate can then sell a portion of the tax-free assets to pay off the outstanding loans.
tl;dr: They don't liquidate assets, if they did they'd have to pay taxes.
The reason for that isn't socialism, though. It's incompetence and corruption. Politics attracts the most incompetent and the most corrupt of people, always has and always will. Basically: If you're shit at everything else, you can always try making a career of telling other people what to do.
The whole point of stock markets and such is that you have hard core rational investors ensuring valuations are accurate.
In theory. In reality, that has always been bullshit. The various bubbles, crashes and other events prove that. Valuations on the stock market are based on expectations, and expectations always include an element that is not rational.
The result is the two most overvalued companies in history (Tesla and SpaceX).
True, though both of these companies do have an actual business and actual assets. There's plenty of companies on the stock market whose entire business can just pack up and leave tomorrow. Many of those are extremely highly valued. All the middle-men companies (ride sharing, food delivery, etc.) all work on the principle of outsourcing EVERYTHING. They hold no actual assets and their entire business model can be copied in a lazy weekend. Each and every one of them survives due to brand recognition, habit and by being just a little bit better in some way than alternatives. All of which can disappear in a week.
Tesla and SpaceX are overvalued. But they have factories and a workforce and produce things.Their value is not entirely made up.
OS level except *maybe* for the camera
That would break all camera apps that rely on RAW processing, which very much is a thing on phones as well.
RAW, video, anything that grabs stills in real time...
Switch your pension funds, if you can, from NASDAQ to S&P.
... by getting angry at a person for not knowing a definition of a word that you have to use Urban Dictionary as a reference for.
It'd be fun to be that rich,
The funny thing is that he seems to constantly be miserable, at least when he's raging online inside the anger-echo chamber he built for himself.
I think wealth taxes are fundamentally a distraction from the giant loopholes in current systems, and even if you oppose wealth taxes, you should still fix said loopholes.
First off, people like Musk just take loans against their stock. This is not a realizing event, so they get to enjoy their gains without paying taxes on them. Using stock as collateral in any way should be a realizing event. If you're doing something that lets you enjoy the gains, you should be forced to realize the gains and pay taxes on them.
Secondly, capital gains are just income. They don't deserve a special lower rate. They should be taxed the same as other income, at normal income rates.
It's fair to argue about whether we should be doing more on top of these things, but can we at least agree that we should be doing these things, and make this the standard globally?
Some people are already trying to have robots controlled remotely by people where labour is cheap. They don't work very well, but will get better.
Cheap medicines was what patents and regulatory capture were supposed to prevent, but for stuff like cancer it's worth the patient just going to a better country for treatment, and it's hopefully a one-off so higher prices back home don't matter.
World population is levelling off around 11-12bn, which is sustainable with modern farming methods. The main reason it continues to grow is increased lifespan, so there are more generations alive at once.
Smart motorways are where most of the variable limits are, that's why I mentioned them.
The problem is that too often they cry wolf. You get a 20 limit, or even a full stop, on a motorway due to some dire risk ahead. But then it turns out there was nothing, or a car drove the wrong way down a slip road for a few seconds before realizing and turning around.
Many people ignore it, so if you do 20, or stop, you have people zooming past at dangerous speeds and risk being hit. The police can't really prosecute you for ignoring it, because your defence will be that it was unsafe due to everybody else also ignoring it.
Much more common is the random 50 limit for no reason, or they forgot to take the signs away after finishing work, or they left the signs up for months before coming back to finish something off. It undermines the whole system and people who do the route regularly and know there are no cameras ignore the limits. The whole thing needs a re-think.
I think you can self host it. It's something that many orgs want, hence the popularity of Office 365 or whatever Microsoft calls it these days. Makes centralized management and backup easy.
Thing is even Microsoft Office doesn't have very good compatibility with Microsoft Office. Opening documents from older versions often just breaks them. I've had documents from hospitals that I couldn't get to render right in modern Microsoft Word, and spreadsheets from ancient projects that broke when imported into the Office 365 web version of Excel.
There is a reason why many orgs, especially legal outfits, want PDFs.
I've been sending people
You mean you didn't *know* she was off making lots of little phone companies?