But the accounting difference is real. It is virtually impossible to earn a billion dollars. What is possible but still difficult is to create something worth a billion dollars which you can then sell if you choose so.
And to the people criticizing, this is cheating. To them, a billion dollars enterprise is not possible without the exploitation of employees, customers, or at least the environment.
Also, the most important thing to understand about a society is how people gain status, not just money/wealth. If you focus on money, you won't have an explanation for political movements or artistic endeavors.
It's pretty hard for someone to make something worth a billion dollars then sell it, because someone else could make the same thing and undercut you. We even have a word for the way around this: 'moat.' In the 2000s 'network effects' were the most common moat, and they seemed a little crappy but not outrightly evil. Now the most common scheme seems to be breaking law until your big enough for the rules to not apply. That's why people see it as cheating.
> And to the people criticizing, this is cheating. To them, a billion dollars enterprise is not possible without the exploitation of employees, customers, or at least the environment.
Well that’s wrong. Exploitive businesses do exist. Rent seeking and arbitrage does exist. But the ire today isn’t directed to Wall Street or private equity. It’s being directed to people who built real companies. It’s not inherently exploitive to sell a customer a valuable product or employ someone to build that product.
In the 1990s, it took weeks to order something by mail. Amazon can now deliver me stuff the same day of the next morning. That’s amazing, considering that it’s all done with trucks, warehouses, and other things that already existed in the 1990s. Whoever made that happen when USPS couldn’t do it deserves to be a billionaire.
Amazon itself used the extremely advantageous rates of USPS for book delivery in the 90s/early 2000s to be able to grow. Combined with the lack of sales tax it could undercut basically any bookstore in sale-tax free states. Part of the reason why USPS couldn't improve itself was because of a law in 2006 which forced them to prefund retiree health benefits for decades into the future making them unable to spend those billions a year into modernisation right when it needed it the most (and private companies didn't face this pressure). Both the sale tax benefit and the USPS disadvantages are reversed now but the momentum amazon got and the slowdown USPS had can't be reversed.
The company also pushed for all sort of regulatory changes to punish competitors (e.g. minimum wage to harm Walmart) while it had labour violations which barely got fined. This isn't to say that I think Amazon didn't provide value at any point in time, with its recommendation algorithm and review system it actually abuses the added value the platform delivered in the past to benefit its own basic products, but I believe there would've always been an Amazon who would've used similar regulatory plays to get ahead. That's why it's kind of difficult for me to say how many of Bezos his billions were 'fairly' earned.
Furthermore I don't believe it's impossible for someone to truly earn a billion, the financial sector is one that has some of the best examples (e.g. Jim Simons) it's just difficult to find a 'close to purely fair' billionaire.
But there are many online stores, and Amazon is one of the worst? On line shopping was an innovation but Amazon, in particular, was just a cash grab from all the others.
If you pay attention to how people spend their money, and not what they say (i.e. actions speak louder than words)
People really love billionaire owned businesses.
We can look at Walmart, which eviscerated mom&pop stores all over rural America, and you'd be hard pressed to find much love of Walmart in those places, but alas, people gave their money to Walmart instead of Jone's Town General.
I saw a Harvard-Harris poll a couple of years ago where Amazon had the highest favorability ratings of institutions/organizations polled, basically tied with the U.S. military and ahead of the police and CDC: https://harvardharrispoll.com/key-results-may-2 (page 15).
> Whoever made that happen when USPS couldn’t do it deserves to be a billionaire.
This bit might be a bit unfair. USPS and Amazon Delivery are different services, fulfilling different needs. Neither will deliver a pizza in 30 min or less, for example.
> Amazon can now deliver me stuff the same day of the next morning. That’s amazing, considering that it’s all done with trucks, warehouses, and other things that already existed in the 1990s. Whoever made that happen when USPS couldn’t do it deserves to be a billionaire.
It's also impossible without Amazon exploiting all the workers in the chain - from warehouse workers forced to undergo dehumanizing _unpaid_ searches that take hours when leaving the warehouse, to being forced to pee in bottles.
It is impossible to become a billionaire without exploting people.
Someone working a job they freely chose is not being exploited. This word is losing all meaning. Amazon pays more with better benefits than most other warehouse jobs.
Sure if people could just pick whatever they want we'd all be sitting on the beach having drinks with supermodels, but then who's going to make the drinks?
People can pick among various jobs. If they picked warehouse worker that was the best option available to them. Taking it away means they have to choose something worse.
And a job is not a lifetime commitment. Warehouse worker may be a stop on the way to something else. I worked in a warehouse for a while, now I don't. People are not static blobs.
Maybe it's Amazon's predatory pricing and regulatory capture that drove most other nicer job opportunities out of business.
I used to work retail selling software and games as a teen. It was a nice starter job talking about the things I liked most. There were 7 places I could do that back in the day. Now the kids have only 3 such options in my area. Many areas now have none.
Here's a useful, easy-to-understand number: "Exactly zero"
That is the answer to the question: "How many of the top 50 billionaires in the world have NOT been in legal trouble for anti-worker, anti-consumer or anti-competitive practices."
Try it yourself! If you ask it to, Google AI Overview will even detail the infractions of each billionaire on the list.
The fact that lawsuits exists doesn’t prove that unfair practices account for any particular share of the wealth. You can’t just wave your hands like Glenn Beck and say “connect the dots.”
Saying "lawsuits exist" obscures the fact that they have almost all resulted in convictions and penalties per billionaire. The fact remains that every single of the top billionaires has been convicted for patterns of exploitation. Are we to reasonably expect that all of these were random, uncorrelated one-off occurrences rather than a pattern of behavior?
And that still underplays their overall scope of culpability. As a lawyer, you are probably best positioned to appreciate how asymmetrically difficult it is for anyone but the most well-funded to realistically take these giant companies to court.
At 5% APR compounded daily and zero inflation, a person would need to invest $300,000 weekly to attain 1 billion dollars after 80 years. Fiddle with the numbers as you like.
Do enlighten us as to what actual labor creates $300,000 in real value every week, week after week.
What's missing is that the billion-dollar value is based on the expectation of exploiting the employees/customers/environment to achieve profit in the future.
When capital gains tax is so much lower than income tax, this holds even more true for people who work at the companies being sold for lots of money and make income in wages than the people who own the companies, and that just reinforces the original point
Those taxes are the necessary condition in silly essays like this one from pg. Or why do you think those billionaires miraculously mostly end up in the US and not in countries like Sudan or Peru? I mean if those billionaires would actually be the wealth creators, not depending on society at large, they could become billionaires everywhere, right?
To add to that: There are also "compounding effects" from investments made by tax money, just as for any other investments, the difference is that the compounding gains are collectively owned and not controlled by an individual.
> A government agency spending $300 million in taxpayer dollars to produce sterilized flies sounds like a dream scenario for a DOGE team looking to cut waste, fraud, and abuse.
> Grocery shoppers could get hit with higher prices if the screwworm cases turn into a full-blown outbreak. That could cost $3 billion across the Southwest, according to a report by the Federal Reserve Bank of Dallas.
Good tax, or bad tax?
Returning to your question, though: Yes, I assert the cost of troubleshooting a "bad tax" may exceed the benefits of having addressed it.
"Look at the pros and cons of each one" is an enormous handwave; I've provided very clear evidence of our inability to do that successfully in a very topical and concrete case.
What DOGE did is not one I'd consider proper review, so bringing them up doesn't necessarily help your point. There definitely are ways to look at each tax and determine its worth, in a non-partisan way.
It is already done today. Academic panels, economists writing papers on impacts of various policies like rent control, monetary policy, and yes, taxes. Are some of them politically motivated or have academic disagreements? Sure, all people have personal politics and biases. But that is better than throwing up ones hands and saying we should accept all bad taxes because good ones also exist. By that logic, any tax I suggest should be accepted by you, because there is no way to tell if it's good or bad right?
Why are you taking Marxist as an insult? Maybe that's your first issue, it's an accurate label for someone who believes in the labor theory of value which is something Marx came up.
And yes, economists are human of course (unless they're now AI). Not sure how that changes what I said. Just because they disagree doesn't mean what they do isn't better than throwing your hands up and saying it can't be done.
> There definitely are ways to look at each tax and determine its worth, in a non-partisan way.
You then asserted those are:
> Academic panels, economists writing papers on impacts of various policies like rent control, monetary policy, and yes, taxes.
But Marx himself is an example of that process - an economist, writing papers on all this. You clearly don't agree with his conclusions, so now we're... right back where we started?
Nowhere did I say I have to agree with their conclusions to think that the work they're doing on analysis of policy is worthwhile, while your logic seems to be that it is not, which is what I disagree with. If that's not your argument then apologies.
We are tweaking a multi-trillion dollar system impacting hundreds of millions of people directly and billions indirectly. The impacts of those tweaks take years or decades to (imperfectly!) assess. Many of the tweaks and their impacts are a matter of deep partisan and academic contention.
I'm noting that our political system seems to generate lots of folks going "this is wasteful spending!" when it's… not.
That results in challenges in determining what's a "bad tax" and what's a "good tax", and the consequences of cutting programs may take time to show up.
You can still collect taxes without taxing people who have already been taxed in the form of needing to exchange a large fraction of their life for the wage.
I'm entirely onboard with reducing tax on low/mid income folks currently "exchanging a large fraction of their life for the small wage" in favor of increased taxes on the billionaire class, yes.
We have the current inefficient, corrupt, and incompetent government in the US because the anti-tax wealthy class threw an all-out tantrum over even the idea of paying a tiny bit more tax.
I live in Germany and I pay almost 50% of my income in income tax and social tax. There is always "just that tiny bit more tax" that will magically fix the system (it won't).
Turns out paying more money to an already corrupt government doesn't turn it less corrupt. Go figure, hm?
> I live in Germany and I pay almost 50% of my income in income tax and social tax.
I live in the US and pay less raw tax than that, for sure.
But I reported $49k in medical expenses (premiums, deductible, copays, stuff they won't cover) last year on my taxes, and I've got two kids going to college in a year, which may cost $10-40k/year for each.
You forget that the college expense is temporary while the taxes are forever. And Germany still makes you get private insurance for medical. A single year of taxes in Germany based on my current American income would pay for all of that you just said. So then my question for you is. What were you doing with your money in those other years? I hope it was saving it. Because otherwise I'm gonna eye roll hard at you wanting to increase taxes on everyone just to get a small cut in how much you pay during one fiscal year. Seems silly.
I am very familiar with American student loans. I paid my 40k off in about 11 months by keeping my spending down that year. It was easy. I don't want to pay 15% of my income forever just because you can't budget. Also frankly your kids should be paying their own way through college. That's a nice gift you're giving them but it's 100% a discretionary expense and is basically you saying "I have so much money I can simply gift it to my kids". Shit I wish I had that.
I never said I was - I'll certainly try to help where I can. I don't have that kind of money; see aforementioned healthcare costs! They're gonna need loans, it's probably gonna be quite a bit more than $40k, and I'm pretty dubious in the current job market that they're gonna have $40k in discretional annual income on the other end.
> I don't want to pay 15% of my income forever just because you can't budget.
And I don't want to go bankrupt from ever-rising medical costs, but here we are.
We have an inefficient, corrupt and incompetent government in the US because we voted for it. And we keep voting for it. That's our revealed preference. We obviously like inefficient, corrupt, incompetent governments.
Peter Thiel, who waged a legal war against Gawker Media after it published coverage about his business interests and personal life which upset him
This is being very economical with the facts.
Gawker outed Thiel as gay against his wishes. And while the guy was in Saudi Arabia. Then they published a revenge porn tape of Hulk Hogan, which is what Thiel used to get them.
Yes Gawker was unethical and shouldn't have posted his personal details nor an illegally obtained sex tape, however billionaires shouldn't be able to destroy, censor and control media by deploying their unlimited resources to financially annihilate media outlets in endless litigation to take down reporting they don't like.
Free press is already under attack in so many countries, it is dangerous that now a single rich guy can weaponize his unlimited resources to wage legal war over his own personal vendettas because his ego got hurt.
Thiel is firmly in the "rules for thee but not for me" camp which means any authoritarianism he isn't in control of is even worse than a democracy. Ironically many people feel this way but most just don't have the wealth to try their hand at oppression.
Your pointing out he was in Saudi Arabia is being very misleading with the facts.
It's not like Saudi Arabia cares whether some billionaire Western businessman is gay or not. They also don't care that he's a bigot and an Islamophobe, and he doesn't care that they are Arab, outwardly Muslim, or any other thing he detests. They all worship money.
Gawker outing people against their wishes, the person they outed being one of the larger avatars of the crypto-fascist right, who worked with one of the biggest co-conspirators of Vince McMahon's brutal anti-union activities to destroy them for strictly personal reasons.
All of these people really deserve each other.
Edit: also for bonus points, him getting outed in such a dangerous place is ironic as all hell, given that he didn't need to be there apart from wanting money out of the Saudi royal family.
Like I wouldn't want to be outed while there either, but my answer is I wouldn't fucking go to Saudi Arabia with a gun to my head, and I certainly wouldn't be sucking up to the crown prince for m(b?)illions of dollars for my disinformation machine. But I guess principles are for the poors.
Can I easily run whois, curl, dig, grep, python, browser/playwright? Yes.
Was watching an agent with terminal access install its tools, configure them, then map my lab, find services, and guess stack just pure magic? Also yes.
Did it cost me $23 in tokens to set it up, test, and run? Probably. Using gemini 3.1 pro was not the spendthrift choice here.
Is putting some cost controls in place a good idea? Also, probably yes.
Can I therefore understand someone who wants to see things happen on their own with a beautiful prompt instead of doing them personally even when fully capable, maybe even more efficient? Of course.
Sometimes it's kind of cool to just ask a well phrased question and watch it spit back out a result that would've taken you hours, like cross referencing industrial widgets that have their critical information available but spread out all over.
That said, I don't usually ask it tightly bounded clerical questions and not thing that imply sub-tasks like "scan the dark web".
You are just projecting yourself. You are most probably already using agents "the right way" and just wanted to understand how this new agent technology actually works and its strengths and weaknesses.
But JertLinc clearly wasn't interested in that. They are clearly more the "get rich quick" type of personality.
The coordination and discipline required to build it is quite simply not there (or here, or anywhere). We will sooner have multi-gigabit space internet or 7G.
How often do you launch a fresh terminal though? I start mine with a script to have favourite tabs ready at boot and then generally not much afterwards.
Constantly. I think we've used the excuse of "well, what if you just launch it less often?" enough to excuse bad performance defaults, especially when alternative solutions fix the issue with very few trade-offs.
This is going to vary wildly by what you do and how much CLI you use.
I’m an SRE and the answer is “constantly”. I get pulled in a lot of directions, it’s way easier to maintain context if I open a new terminal or tab for each thing.
Joe asks about something, I open a terminal. Teammate asks about something, new terminal. Joe replies, I swap back to his terminal to look at the scrollback buffer.
I’m closer to you when doing more dev work. One tab running a watcher for builds and restarting the app, one tab to run tests or whatever, a couple for poking around if I need to grep or curl or whatever.
Yes, there was a whole idea about civilizing and pacifying the world through economic cooperation that would foster middle class in countries across the world that would then in turn make them democratize and become peaceful trade partners.
It didn't quite work out so now people are looking for other strategies.
> It didn't quite work out so now people are looking for other strategies.
World will bifurcate into West and East with their own spheres of influence. As JD Vance said, US thought that China will be perpetually kept busy and enslaved in low level manufacturing work and the design and higher level work would happen in Cupertino. Too bad, that didn't pan out well and now US Empire is getting challenged by China.
> US thought that China will be perpetually kept busy and enslaved in low level manufacturing work
It's OK, they'll repeat the same mistake again with India this time, when they move manufacturing from China to there, and in 10-30 years when they'll elect a nationalist strongman there, he'll squeeze the west for everything they got.
Because what are you gonna do about it then? They have all your manufacturing and they also have nukes and more soldiers.
India is far ahead of that idea and already has legislation to encourage domestic manufacturing from global companies. Plus the nationalist government is in place.
The government may have allowed it with that intention, but the corporate leaders followed through mainly with the intention of short-term share price increases. I don't see how the same incentive isn't in place today with respect to data. Perhaps only the perception of China's ability to outcompete its American customers has changed.
Most non western countries lack the foundations of western democracy, and you can't force that onto them neither peacefully not through war. The west has tried and failed for 40+ years to do this, it doesn't work, time to drop it and let them self govern the way they always have. Stop trying to export our version of democracy onto others.
Plus, the main reason they exported manufacturing to China was precisely so capitalists could avoid the issues democracy gave them back home and easily exploit Chinese labor and environment for profit because just bribing the CCP meant all your problems go away, no unions, no employee rights, no environmentalism etc. like in democratic countries. So given that, why would the west want China or other countries they want to exploit, to be more democratic? Unless their version of democratic just means a puppet government under western(US) control.
>become peaceful trade partners.
Which countries did China bomb VS how many the US bombed? My energy prices (and directly inflation) is now higher because of (yet again) US military intervention, not because of China.
> Most non western countries lack the foundations of western democracy, and you can't force that onto them
Several East Asian countries managed to democratize successfully up thru the 1980s and are extremely successful today, so this is not just a uniform failure story. Even mainland China might still come around (at least partially) as it gains a true massive middle class by Western standards, which it's still very far from today. Southeast Asia is also doing comparatively quite well.
China is bad and there's a moral argument there. But the reason you want to be careful with sending IP to China is quite pragmatic: they're willing and able to use it while competing with you.
Is Alibaba interested in copying your TUI RSS reader though? Probably not.
I don't get the point. That Anthropic or OpenAI have more expensive products than Alibaba? So does Apple, AWS/GCP, and pretty much any other large western company vs its Chinese counterparts.
I honestly could not follow any discernible point or thrust to this incoherent, disorganized, self-indulgent piece-of-shit post. He didn't even successfully establish or explain the titular Onlyfans analogy. I know more about his fucking taste for sci fi than I do about the ostensible subject matter. I know more about his physical composition (answer: he is made of metal. He was forged in the fires of science. O glorious creation, emerging complete and perfect from the furnace!) than I do about the subject matter.
They argue it's Onlyfans-like because users will "simp" for the big players. That is to say there is a level of fandom that accompanies the transaction?
I banged out a simple FastAPI endpoint/tool (along with dockerization and deployment) and a media-heavy Astro website (along with Cloudflare Pages publishing) in Google's Antigravity2.
Not really a recommendation since I don't have a good benchmark of these tools but Antigravity's /grill-me feature where it asks you a bunch of questions like a system/business analyst and gives you an implementation plan for review (and can actually change it further) is pretty cool and it is certainly fit for what you intend.
Heard also good things about Zed and am testing it right now. So far I managed to... edit a json.
And to the people criticizing, this is cheating. To them, a billion dollars enterprise is not possible without the exploitation of employees, customers, or at least the environment.
Also, the most important thing to understand about a society is how people gain status, not just money/wealth. If you focus on money, you won't have an explanation for political movements or artistic endeavors.
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