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@mcuban and @RoKhanna recently got into a fight over California’s proposed billionaire wealth tax.
I think the argument missed the more existential problem at the heart of the proposal: it could make sovereign control of companies functionally illegal.
The essay explores this problem using @lynsi_snyder and her control of In-N-Out as the central example. Hope you enjoy it, and thanks to @palladiummag and @SamoBurja for working with me on the piece.
Wealth Taxes Could Kill Privately-Owned Companies
Ignoring the intangible value of private governance of firms not only makes wealth taxes confiscatory but erodes the very foundations and benefits of the freedom to create organizations.
New article by @CityAngelos (link below)
Christian Michael retweeted
the last decade the right has been dominated by a tabloidesque almost pornographic sensibility; i think this has enabled a lot of lying grifters to flourish.
if we want to grow the american empire we've got to pivot; common-sense and reality, first and foremost. no more lying.
Christian Michael retweeted
Marc Andreessen says affordability is "the fundamental political question of our time."
"It's just not acceptable that if I can't spend $3 million, I can't have a house that's in a good neighborhood with a good job attached to it.
It's just not acceptable that a four-year college degree is gonna cost a million dollars.
And it's just not acceptable that this health care monster is running out of control.
In many ways, this is the fundamental political question of our time."
@pmarca speaking to @JTLonsdale
nitter.cf/dgt10011/status/211780…
The fact that voters are universally saying their #1 issue is the economy while markets are basically at all-time highs is the single worst omen imaginable for the future of American capitalism as we’ve known it
The good news is someone already built you an exit for this exact moment
Christian Michael retweeted
James Talarico responds to AOC calling woke 1.0 crazy, policing people's language is performative politics, and it stops you from building a coalition
“I do think that there was a rise in performative politics in people who are more concerned about using the right words, usually determined by academia”
“Those are unifying values that we all agree on.”
“But when you start policing people's language, when you start judging people because they're not up on the right terminology, you're no longer building a coalition to address those real problems”
“you're performing a kind of politics that's about your own intellectual and emotional needs and not about actually making change.”
w/ @jamestalarico
Christian Michael retweeted
.@jamestalarico takes to Fox News this AM:
"The people of Texas elected me to make their lives easier, and better, and less stressful... I plan to do that even for the Texans that didn't vote for me. It's why I'm here on Fox News the morning after the election."
Christian Michael retweeted
All the demographic destiny stuff continues to be loser talk from the 2000s. In the Trump era we've had massive swings in voting behavior by education, age, race, religion, and then back again, we've had a Texas R+2, a Texas R+14, and a Texas D+11 election, it's all up for grabs.
Christian Michael retweeted
Ditto for "the Constitution/gerrymandering/the Senate locks us out of power" talk:
nitter.cf/BenjySarlin/status/211…
Christian Michael retweeted
Running on the slogan of America First and then not even bothering to sell a war of choice to the American people that ended up changing almost every household budget in the country.
Christian Michael retweeted
If you are watching this and just have a passing familiarity with elections, just understand you're seeing something special, a 100-year flood. Easily the worst election for a party since 1974.
Christian Michael retweeted
This is unironically the only analysis you need tonight. Never go full retard.
Christian Michael retweeted
> Social security benefits per household average less than half of median household income.
Don't omit Medicare: Typical married retiree couple receives ~$36,500 SS and ~ $37,800 Medicare. So ~$74,300 /yr of benefits that young ppl must fund.
Median household makes $87,460.
I'm not denying the numbers. I just don't think that they are intrinsically outrageous. If you're getting there entirely (or mostly) by government transfer, you'd cobbed things up. That may be true in France. It's not true in the United States. Social security benefits per household average less than half of median household income. And if you took the latter away, that median elderly household would be in trouble. That's why this is a hard problem. I wish people on both sides would stop pretending it isn't.
The present risks in cybersecurity jeopardize our digital civilization. The old paradigm of hoping security teams can patch CVEs in time is over. As soon as vulnerabilities are announced, hordes of attackers can deploy virtually unlimited intelligence to discover and exploit these issues.
@mobasi_ai and @c3kel are working on a much more ambitious solution → proactive defense and monitoring, ensuring vulnerabilities can be found, investigated, and remediated in seconds by an army of defenders.
Christian Michael retweeted
Introducing Mobasi:
mobasi.ai/blog/introducing-m…
