There are two considerations.

For the American government and corporations, Chinese espionage is an obvious and real threat. NVidia doesn’t want China to steal their chip designs and the Pentagon doesn’t want China to steal military info.

For American private citizens, it isn’t really a threat. It’s actually preferable in a way, because you know they won’t disclose whatever they learn to the American government. You might even consider buying a fully “designed and made in China” device, which the NSA might not have a backdoor to.

This only makes it more concerning to the American government, because they lose control over their citizens.

Yep, all the electrical engineers who have chimed in say it looks more like explosives.

A battery would get hot and start a fire. It wouldn’t instantly explode like this.

Because they manage to attract investment.

As long as investors are willing to give cash in exchange for equity, a company can operate on that cash and run at a loss.

It’s also by design.

The flaws are designed to be exploited by the rich and powerful.

Correct.

But nobody is enforcing compliance.

So they can just keep it on American servers and sell it to OpenAI or share it with the US government.

Also, there are a lot of bots copying everything on reddit and other sites. Even if reddit would comply with GDPR, these bots cannot be traced and cannot be fined.

He should have said almost every.

But thanks for pointing out the mathematical truth ☝️

For one, you can’t transfer a 401K to your kids.

You have to first cash it out, pay income tax and then you can transfer what remains.

Yep, but nowadays they are losing popularity. I don’t even know if you can still find them.

Then you’ll need to educate yourself beyond what the government tells you.

Look up the ProPublica leaks. Someone is serving a very long jail time for leaking that out. It clearly shows how billionaires have very low taxable income, probably lower than yours.

To then say that you are upper class and Jeff Bezos is middle class is… Absurd.

The top 10% of income is not upper class. The error that people make, including you, is to focus on income.

People like Elon Musk have incomes smaller than $100K.

Upper class are the people who do not need to work and who live off of capital.

We need to shift our focus on wealth equality.

Look, the economy needs capital. If we want to be less dependent on the capital of rich people, then middle class people need to take over that role.

The people making $100-300K per year are key, because they can provide an alternative source of capital if their tax burden is lowered.

The people making $50K will not be able to provide large amounts of capital.

Yes, I fully agree.

So we need to find the right messaging.

I don’t know about Germany, but here in the Netherlands most people identify as middle class.

So “stop taxing the middle class” and “let the billionaires pay more” is a message that should resonate.

I’m optimistic and I believe we will get there. The level of equality we have today would be unfathomable for somebody living before 1945.

Which is why the tax system needs to be reformed.

The political right actually has one good point that we on the left don’t always appreciate: taxes on middle class people should be lower.

Specifically, very liberal tax exemptions on things like 401Ks, including the ability to transfer wealth across generations.

Combine that with higher taxes on the wealthy, and it will be possible to shift power to the middle class.

Consider the total market cap of the S&P 500, rounded up it’s about 50 trillion. Divide that among 130 million households and each household should own about $400K in stock on average.

Full equality is neither achievable nor desired by most people, so a good scheme would be to let every household hold up to $1M in wealth, tax exempt.

And then progressively tax everything above that.

No more billionaires, but everyone can be a millionaire.

The shortest path to equality is to greatly reduce taxes on the middle class and increase them on the wealthy.

It puzzles me why leftist parties don’t all embrace lower taxes for the middle class.

The humiliation of losing to a black woman.

The past months the mood in America has been: not these two old geezers again.

I am honestly optimistic that it’s going to be a landslide for the Democrats without Biden. Americans are just sick of Trump and they didn’t want Biden to run again.

So the Democrats are giving the people what they want, while the Republicans are trying to force feed them something they don’t want.

Let’s see how this plays out.

While I do agree with you, I also see twitch, TikTok and Patreon presenting models that are quite competitive with YouTube.

From a privacy perspective, free junk content like TikTok, YouTube and twitch will always be hard coupled with targeted advertising.

But Patreon (and onlyfans for that matter) do offer a model that can work without ads.

In fact, if Patreon also introduced an ad-supported tier and allowed you to more broadly see other content aside from the direct person you sponsor, it could probably grow quite a lot.

Fools, everyone knows that the congestion is at 1 - it’s Benfords law.

We are again wasting taxpayer money on building bridges to nowhere, while traffic remains congested where it actually counts.

Looks like they at least made it sturdy enough to withstand a car wash.

Progress!