The debate isn’t really about taxing billionaires. It’s about whether government can claim jurisdiction over mobile assets and people. California’s wealth tax sets a behavioral precedent: capital and talent will route around it and the middle class will be left holding the gap.
In Thomas Sowell’s Social Justice Fallacies, particularly Chapter 3 (“The Chess Piece Fallacy”), feels eerily prophetic watching California’s current wealth tax debate under Governor Newsom.
Sowell warned that treating people like chess pieces ♟️ moving them around to achieve desired social outcomes, often leads to policies that start with “just the rich” rhetoric but inevitably expand into broader taxation, asset control, and privacy intrusions.
China has a huge pool of technically trained talent and a startup environment that often emphasizes fast iteration, aggressive commercialization, and ruthless competition. 🤔
Howard Lutnick revealed that an ASML chip-making machine might have entered China in violation of US-led export restrictions.
This is a very serious problem 🙁
Fable is banned. Long live local AI.
Full episode breaking down exactly how to get good at local models. the runtime, the hardware, quantization, connecting it to Hermes agent and local AI startup ideas (25 minutes)