The issue I feel, is we live in a society that equates money with importance. This guy over here made lots of money so he must be smart right? No, no it doesn’t.
The headline should be Stop Talking to Technology Executives, Tax Them.
This myth needs to die hard. Inheriting off daddy’s blood emerald mine allows you to start businesses and buy people to make them work. This takes zero intelligence — it takes capital which was not earned. It continues to make money through the labor of shady accountants who know how to keep you from paying taxes, the labor of H1-B visa holder slaves, non-unionized assembly line workers, etc. who you crush and exploit for more capital to keep repeating the same unethical and dumb shit.
What should cure people of it fast is listening to real estate investment podcasts. These people are often dumb as rocks. They copy each others homework, happen to know the right people, and most importantly, have no ethics. You don’t have to be smart to make a fortune in real estate, and you can potentially even do it with zero starting cash, but you do have to forget about ethics.
I helped a former girlfriend move out of her apartment years ago. I brought along a tub of spackling paste to fill the nail holes she’d left in the wall (it was even the kind that goes on pink and then dries white, which is pretty handy). She was mind=blown as she’d never seen anything like it before. I asked her how she filled nail holes and she said she used chewing gum and white-out.
US culture conflates money with all kinds of things: intelligence, importance, respectability, work ethic, maturity, creativity, “good genes”, even godliness. Many people just can’t see the very clear truth that to be super-rich you usually just need to be a lucky asshole.
The issue I feel, is we live in a society that equates money with importance.
A guy who can command hundreds of billions is important by way of how much pull he can exert on the overall economy. If Altman says we’re going to build a thousand new datacenters that consume a gigawatt of power a year each, and he’s breaking ground on the project next week, commodities brokers can’t just blink past it.
The headline should be Stop Talking to Technology Executives, Tax Them.
Who is the headline talking to? Unless this is a media journal exclusively consumed by Congresscritters, you’re just preaching to the choir. Nobody wants to tax the Tech Billionaires because nobody wants to get tech billionaire money plowed into a rival’s campaign.
The issue I feel, is we live in a society that equates money with importance. This guy over here made lots of money so he must be smart right? No, no it doesn’t.
The headline should be Stop Talking to Technology Executives, Tax Them.
I think the root issue is more around the belief that US companies operate off of meritocracy.
I.E. only the most qualified and competent people make it to the top.
Or even more basically:
In many instances it can be argued that the decisions they make are not good for the business either, at least in the mid- to long-term.
businessstockholders is generally not what’s good for society. FTFYThis is the right statement, in my opinion.
US companies operate off of the Peter Principle, psychopathic willingness and ability to exploit others, and a merciless drive for profit.
fry_not_sure_if_serious.jpg
This myth needs to die hard. Inheriting off daddy’s blood emerald mine allows you to start businesses and buy people to make them work. This takes zero intelligence — it takes capital which was not earned. It continues to make money through the labor of shady accountants who know how to keep you from paying taxes, the labor of H1-B visa holder slaves, non-unionized assembly line workers, etc. who you crush and exploit for more capital to keep repeating the same unethical and dumb shit.
What should cure people of it fast is listening to real estate investment podcasts. These people are often dumb as rocks. They copy each others homework, happen to know the right people, and most importantly, have no ethics. You don’t have to be smart to make a fortune in real estate, and you can potentially even do it with zero starting cash, but you do have to forget about ethics.
Toothpaste is for brushing your teeth, not filling the nail holes in the patchy drywall that is our economy! :-)
I helped a former girlfriend move out of her apartment years ago. I brought along a tub of spackling paste to fill the nail holes she’d left in the wall (it was even the kind that goes on pink and then dries white, which is pretty handy). She was mind=blown as she’d never seen anything like it before. I asked her how she filled nail holes and she said she used chewing gum and white-out.
US culture conflates money with all kinds of things: intelligence, importance, respectability, work ethic, maturity, creativity, “good genes”, even godliness. Many people just can’t see the very clear truth that to be super-rich you usually just need to be a lucky asshole.
Start Talking To Technology Executives About How Much They Will Be Taxed
A guy who can command hundreds of billions is important by way of how much pull he can exert on the overall economy. If Altman says we’re going to build a thousand new datacenters that consume a gigawatt of power a year each, and he’s breaking ground on the project next week, commodities brokers can’t just blink past it.
Who is the headline talking to? Unless this is a media journal exclusively consumed by Congresscritters, you’re just preaching to the choir. Nobody wants to tax the Tech Billionaires because nobody wants to get tech billionaire money plowed into a rival’s campaign.
But I like money