Steven

Step back. Zoom out. Go long.

[Steven @_SDoran]

Exploring the BIG picture starts with a brutal truth most people refuse to face: time preference is the hidden master variable of civilization itself.

Modern society has engineered the ultimate high time preference trap — instant dopamine, zero-interest loans, ultra-processed food, 15-second attention spans, and central banks printing today’s problems into oblivion.

Low time preference isn’t just personal discipline. It’s a civilizational superpower. It’s why certain individuals and cultures optimize health, wealth, and meaning across decades while others stagnate or regress.

In an era of declining physical vitality, monetary debasement, and existential emptiness — your time preference may be the single most important edge you still control.

At the core, good health provides the foundation, strategic financial decisions build enduring wealth, and mindfulness deepens meaning by reshaping our relationship with time.

#TimePreference #LongTermThinking #DelayedGratification

[Steven @_SDoran]

How many socialists does it take to change a lightbulb?

Four.

AOC is on the ladder trying to screw in the bulb, Mamdani and Warren are gripping the ladder for "structural equity," and Bernie is standing there red-faced, jabbing his finger, screaming:

"THIS ISN'T GOOD ENOUGH! The old bulb was clearly installed by greedy capitalists who hoarded all the light for themselves! We need a People's Lightbulb Commission to investigate! We must tax the top 1% of photons, seize the sockets from Big Electricity, and guarantee free universal lumens for the working class — including the bulbs that identify as fluorescent! Why is this one taking so long? This is what happens when you don't have Medicare for Bulbs!"

Meanwhile the bulb isn't working, the ladder is wobbling because they're all arguing about whose turn it is to actually twist it, and the landlord has been canceled for "light-hoarding."

The room stays dark while they draft a 47-page resolution demanding the sun do its fair share.

#SocialistLightbulb #HowManySocialists #LightbulbJoke #AOC #BernieSanders #ZohranMamdani #ElizabethWarren #DemocraticSocialism #PoliticalHumor #TaxTheBulb

[Steven @_SDoran]

@PlanetOfMemes @GavinNewsom

[Steven @_SDoran]

Agree there are smarter, market-driven ways to tackle inequality than a blunt billionaires tax — broad ownership via innovation, skills expansion, and removing barriers beat confiscation that risks capital flight and backlash.

History shows voters punish perceived overreach. But dismissing the frustration ignores real data: top 1% ~31% of wealth. Growth that lifts the bottom is the real reset.

[Steven @_SDoran]

Governor, the top 10% already pay ~70% of federal income taxes while holding ~68% of wealth.

California proves high taxes + big government spending create deficits, exodus, and failure — not prosperity.

If we confiscate more from the rich, why trust the same government that mismanages billions to "reset" the economy fairly?

[Steven @_SDoran]

The $158B Tesla "compensation" is mostly an accounting valuation of future performance stock awards — not cash wages paid in 2025.

Musk takes near-zero salary, so his actual Social Security payroll tax is far below the $184,500 cap (stock vests/exercises are also capped annually).

Social Security was designed as an earned benefit: you pay in, you get proportional (capped) payouts later.

Removing the cap without scaling benefits higher for those extra contributions turns it into a straight tax on success.

Fix the program's $ trillions in unfunded liabilities, fraud, and demographics first — don't just raid high earners.

[Steven @_SDoran]

@SenSanders In order to provide a good example, how about cutting government waste and corruption first?

[Steven @_SDoran]

@coinbureau Any info on Anthropic? Are they going to wait too?

[Steven @_SDoran]

@JStefanop1 @theswansjr The post is correct ... did you not read and/or understand anything?

[Steven @_SDoran]

@Handre Keynes was a pedophile whose high time preference was summed up in his infamous remark: “In the long run, we are all dead.”

[Steven @_SDoran]

@TheBTCTherapist yes.

[Steven @_SDoran]

Yes. Rent freezes sound compassionate until incentives kick in: landlords defer maintenance (no ROI), developers halt new builds (unprofitable), and the housing stock shrinks + deteriorates.

Every study and city that's tried strict rent control shows the same result — worse shortages and declining quality. NYC already struggles with supply. This will make it uglier for future renters.

Economics isn't optional.

[Steven @_SDoran]

@TheDefiantGhost At some point in the talk, Grantham becomes a know-it-all geezer that doesn't grasp the reality of possibility.

[Steven @_SDoran]

Cathie’s innovation vision is interesting, but after the massive drawdowns and ARKK’s volatility (still lagging broad tech this year), the "crisis brewing" calls feel like noise.

History rhymes but doesn’t repeat perfectly.

Better to focus on the tech disruption research than her macro timing.

[Steven @_SDoran]

@AdamBLiv opt out, grill meat, and stack

[Steven @_SDoran]

@TheBTCTherapist

[Steven @_SDoran]

intelligent vs #schtoopid

[Anthony Pompliano 🌪 @APompliano]

Politics has become a competition between two extreme groups that are competing to capture votes by promising unsustainable policies to unhappy citizens.

[Steven @_SDoran]

Beam me up, Scotty!

[Shanaka Anslem Perera ⚡ @shanaka86]

AI just hit a wall that no amount of money can move. The planet itself.

There is not enough power, water, or land on Earth to build the data centers the AI race now demands. So the most valuable bet in artificial intelligence is no longer a chip company or a model. It is a rocket company. The plan is to leave.

In January, SpaceX filed with the FCC to launch up to 1 million solar-powered data center satellites into orbit. In February it bought xAI, the maker of Grok, folding an entire frontier AI lab into a rocket company in the largest corporate merger ever recorded. On June 8 it unveiled the AI1, a compute satellite with a 70-meter wingspan, wider than a Boeing 747, powered by the sun, cooled by the vacuum of space, and wired to the ground through Starlink. Four days later it went public in the largest IPO in history, near 1.77 trillion dollars, touched 2.1 trillion on its first day, raised close to 86 billion, and made one man the first trillionaire alive.

Now read the direction of that merger, because it is the whole story. A rocket company bought the AI lab. Not the reverse. For three years everyone assumed the constraint on AI was chips, or data, or talent. It is none of them anymore. It is energy and heat and dirt. The head of Anthropic said his company grew faster than the exponential, 80 times in a single year, and that is exactly why it ran out of compute. The answer was not to build more data centers in Virginia. It was to leave the atmosphere, where the sun never sets and a solar panel does five times the work. The moat in artificial intelligence is no longer the model. It is the launch.

And the first rent is already being paid. A rival lab, Anthropic, is reported to be sending roughly 1.25 billion dollars a month to Musk for compute. Google near 920 million. If intelligence moves to orbit, the company that owns the only affordable road there becomes the landlord of the next layer of the internet, the way one bookstore became the landlord of the cloud. The merger is the proof of concept. The IPO is the war chest. Those monthly checks are the lease.

Here is the part the price tag does not want you to read. Close to a trillion dollars of that valuation rests on orbital data centers that do not yet exist, and on a chip factory, Terafab, that SpaceX's own public filing calls a general framework with no binding deal, one that may not achieve commercial viability. Musk said it on camera. This is not a promise. The largest IPO ever written is priced on a future the filing itself cannot verify.

The other side is just as real. Compute in orbit costs about four times what it costs on the ground today, and the curve may not cross for fifteen years. The machines that print the chips are backordered for years. Shedding heat in a vacuum at this scale has never been done. Musk's timelines have a long history of meaning later. And Bezos is racing the same orbit with a constellation of 51,600 satellites of his own.

But strip it all away and the trade underneath is one sentence. Earth has run out of room for intelligence, and whoever owns the road off the planet owns whatever gets built next. Call it the most expensive science fiction ever sold, or the first time the map of the internet pointed up.

[Steven @_SDoran]

It's actually intelligent vs. #schtoopid

[Robert Reich @RBReich]

It's no longer left versus right or even Democrat versus Republican.

It’s now democracy versus oligarchy. Freedom versus dictatorship. Right versus wrong.

Millions are awakening to this new reality — and they're speaking up.

The sleeping giant of America is roaring.

[Steven @_SDoran]

Yes.

[Adam Goldstein @adamgoldstein13]

Airport of the future.

https://t.co/OMueKvPeGR

[Steven @_SDoran]

@zerohedge his memory?