Because the federal income tax started as a temporary tax for rich people to pay for the civil war and now the guy making my McDonalds order has 1/4 of his paycheck robbed from him.
population has grown ~9x in 200yrs, while poverty trends to 0
people act as though capitalism is a zero sum game, but it’s actually the only system that creates positive sum outcomes
the average person today is far richer than most kings in days past
@sui414 data center owners, model training, and agentic harnesses have small margins due to competition. Those who can forecast demand efficiently will survive
proprietary data is a moat
End users gain the most value
@sui414 data center & power builders profit due to current constrained capacity
Hardware (chip layer) is a moat due to patents & capital intensive industry
It’s encouraging to see the White House celebrate America as the "Crypto Capital." However, a true crypto capital isn't just about stablecoin legislation like the GENIUS Act - it’s about protecting the developers who build the foundational code.
While the administration claims the "crusade to crush crypto" is over, I am still facing sentencing for writing open-source, non-custodial software. You cannot be the global leader in innovation if you still treat privacy-preserving code as a crime.
Industry leaders and advocates like @coincenter, @BlockchainAssn, @EFF, @paradigm, @a16zcrypto, and @fund_defi have all stood up to warn that this prosecution threatens the very future of American software. If the industry's top experts and civil rights defenders see the danger, why is the administration still pursuing the same Biden-era "regulation by prosecution"?
If "Promises Made" means protecting the industry, it must include ending the prosecution of developers for the acts of third-party users. The right to code is a First Amendment right, and it remains under threat until cases like mine are resolved. #FreeRomanStorm #DeFi #RightToCode