Blazy

[Blazy @Egregiorum]

@scientificecon I think the difference is the economists actually believe in what they’re doing.

[Blazy @Egregiorum]

@DocPriyamMD I’m not a doctor, but thanks for this series of symptoms/cause. Surprisingly interesting and might prove useful sometime. And the replies from the other doctors are great as well.

[Blazy @Egregiorum]

I think the issue is that New York City tax appraisals on properties are significantly less than market value.

From Grok:

NYC uses a fractional assessment system where taxes are based on an “assessed value” that is a percentage (the assessment ratio) of the DOF’s estimated market value, not the full market value. There are also caps on how much assessed values can increase year-over-year, which often keep them even lower. https://t.co/pySFViDwru
Key Details by Property Type
• Class 1 properties (most 1-3 family homes, including some small condos/co-ops): Target assessment ratio is 6% of market value. Due to state law caps (assessed value can’t rise more than 6% per year or 20% over 5 years), the effective ratio is often lower (e.g., citywide median around 4.3%, and much lower in rapidly appreciating areas like parts of Manhattan or Brooklyn). https://t.co/8T9UVd2CKM
• Class 2a/2b/2c (larger residential buildings, co-ops, condos): Target 45% of market value, again with some limits. https://t.co/pySFViDwru
• Other classes (commercial, etc.): Also generally 45%, with transitional phasing. https://t.co/R6Cj76zBox

[Blazy @Egregiorum]

Yes, the economics profession has been strangely resistant to the important point you've been hammering away on for at least 20 years (I started following your work in 2007). Nice to see they're finally starting to see it. Strange, as it opens such a rich world of research opportunities, but any deviation from the orthodoxy is pretty aggressively beaten down in that community, so hard for grad students to explore new areas.

[Blazy @Egregiorum]

@celestialbe1ng “Europe has many wonderful things. Disposable income is generally not one of them.” is one of the pithiest descriptions of this I’ve read. Brilliant!

[Blazy @Egregiorum]

@antirez But of course, the issue is that it won’t be done. European researchers are able to, the society is not.

[Blazy @Egregiorum]

@celestialbe1ng Blood donation, aspirin and lactoferrin will help significantly until we can change this.

[Blazy @Egregiorum]

@celestialbe1ng I’ve been using it for a few months now and, yeah, it’s really remarkably good. My half empty container of Creme de la Mer hasn’t been touched in a long time.

[Blazy @Egregiorum]

Thank you brother for this info! I carefully followed all the Peating guidelines for the last 15 months, and it all helped, a lot, but my metabolism took off like a rocket once I added in the alpha lipoic acid. Started at 97.3 and now I’m always 98.9++, and I ran out of T3 about a month ago, so that’s without any thyroid meds. 🙏

[Blazy @Egregiorum]

Trembling hand perfection, no regret as an optimization objective, Schelling points…. Its actually a very mathematically sophisticated community that is just starting to be picked up by the machine learning/AI community. see Michael Jordan’s recent presentation about how this is going to become central to ML/AI and presents a very interesting research opportunity.

[Blazy @Egregiorum]

Do you live in Geneva? If you do, you know that anyone who wants assistance will be helped off the street quickly and efficiently in Geneva. Actual diagnostic research, as opposed to self surveys, in Zürich indicates that 96% of Swiss citizens and legal residents who are homeless have at least one diagnosable psychiatric condition and of course, there is the usual issues with drug addiction. Geneva has a much much lower rate of homeless than the vast majority of cities of similar size , though it is likely the case that Zurich has a lower rate. Most of those who are homeless likely have psychiatric or drug issues and do not avail themselves of the services that are available to them.

[Blazy @Egregiorum]

I am an advanced open water diver with about 200 dives, so experienced diver but not a technical diver. I can’t even imagine doing that dive with only nitrox. They were well past the nitrox depth limits and then entering an overhead restriction like a cave at that depth (which makes you go through your air much more quickly) is just madness. I just don’t get it, they all seemed like experienced divers who would’ve known all of this. I hope they find an understandable explanation for what happened as the idea that all of them were aware of the risks is just very unsettling.

[Blazy @Egregiorum]

I really don’t get why people are hating on Grok, I made $75k by working with 4.3 for 12 hours on an extremely obscure international tax issue and it was just phenomenal at interpreting really subtle cross jurisdictional issues, quoting, appropriate precedents, and most impressively keeping the main goal clearly as the focus throughout a extremely broad and wide ranging session. Super impressive and I won’t be all surprised if Grok’s coding capabilities are top tier once they really release. I think they’re taking the right approach by focusing on real world usability rather than artificial benchmarks that others are overfitting to.

[Blazy @Egregiorum]

This is just such basic faux intellectualism. All freedom ends where that of one’s neighbors begin… seriously, so stupid, just reverse the roles… Whoever sees in another's freedom a disease has not yet understood what respect for others is… have you ever considered the existence of evil.? Whoever hires you as a lawyer gets what they deserve, extremely shallow analysis.

[Blazy @Egregiorum]

@tleilax___ @ssnacimiento Where do you get this number of 10 K housing from? The Swiss Federal Statistical Office projected net immigration in 2025 I think is 80,000+. It’s nonsense that Switzerland would only need to build one such building per year. Absolute complete nonsense.

[Blazy @Egregiorum]

Over the last few years, Switzerland’s immigration has been averaging about 3% of the population per year, an astounding number. Canada, one of the highest immigration countries in the world, has a rate of 1%, Australia 0.7%, Singapore 0.5%, USA 0.3%. You are ignoring how extreme the current immigration rate in Switzerland truly is.

And even with those much much lower immigration rates, these countries have cities with some of the highest real estate prices relative to income of anywhere in the world. Singapore’s numbers are so high at 16+ times income that 75% of the population lives in government provided housing. Is this your brilliant plan for the Swiss?

Oh, and of course, Canada and Australia, two pioneers of high immigration are facing strong and growing political opposition to continuing immigration. Recent polls in Canada show that well over 50% of the population thinks that immigration is excessive and that includes second generation immigrants. Is that because they’re stupid and don’t understand the incredible benefits of the high immigration that they’ve been subject to for the last 40+ years?

And your idea about immigrants funding pillar one is insulting to the intelligence and abilities of the Swiss. Pillar one is a self funding mechanism, if you use the contributions of immigrants to increase the payout to the Swiss all that happens is that when those immigrants get older, their pensions will be under funded and the fly wheel of every increasing immigration just spins faster.

No, the underlying problem is that you have no understanding or appreciation that the low population density of Switzerland is a public good. And all you want to do is rip it off from average Swiss people so that you can pocket it by building housing for new immigrants and diminishing the benefits of low population density to the Swiss population.

[Blazy @Egregiorum]

@tleilax___ Can you give me examples of countries that have successfully made their societies better (which does not mean increased GDP or even increase GDP per capita ) by following your suggestions?

[Blazy @Egregiorum]

@ibuybooks Happy birthday, Gavin. Think your release of Generative Energy places your firmly in legend territory.

[Blazy @Egregiorum]

@metabolic_print Subscribed ✅