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This is a terrible argument.

It implies the money is destroyed by taxation. In reality that money would go towards relieving the governments need to collect other tax revenues. So for example you could increase the standard deduction. Now everyone pays less tax and can either contribute more to their 401k (boosting stock values) or buying more things (boosting stock values). If you want to say the government is incompetent and will waste the money, that doesn't apply here because it applies to every tax, not specifically this one.

The money in this case is capital gains, which is fundamentally not "earned" income, it's income obtained by just having money.

The Humane AI pin says hello and that the almonds in your hand have 16000 calories.

Money market funds and short term t-bills are basically always liquid at face value, unlike longer term bonds. They fall below investment value maybe once per 50 years and that usually lasts a couple days.

This comment is shockingly misguided.

The IRS doesn't have the authority to mandate the creation of a secure national ID system and enforce it's use by the financial system. Only congress has the ability to really do that. The IRS collects revenue.

Even if it did have that authority, it doesn't have the budget to accomplish that goal.

One thing not mentioned in the article: People may be wondering how this book became so popular, basically it's because it became intimately tied to the MLM movement, Amway specifically but it did spread beyond that. People at the top of the pyramids would buy thousands of copies to send down their "downline" as part of a motivational tool. The primary goal of someone near the top of an MLM is to convince everyone down the line that you are ripping off that it's their fault for not hustling hard enough, and this book was and is one of the popular ways of doing that.

This. It's really weird the way we suddenly live in a world where it's the norm to take whatever a tech company says about future products at face value. This is the same world where Tesla promised "zero intervention LA to NYC self driving" by the end of the year in 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, and 2024. The same world where we know for a fact that multiple GenAI demos by multiple companies were just completely faked.

It's weird. In the late 2010s it seems like people were wising up to the idea that you can't implicitly trust big tech companies, even if they have nap pods in the office and have their first day employees wear funny hats. Then ChatGPT lands and everyone is back to fully trusting these companies when they say they are mere months from turning the world upside down with their AI, which they say every month for the last 12-24 months.

Until someone spams them with garbage, or uses it to deliberately screw with certain people, and the system starts requiring more people to sift through the garbage than it needed without it.

Except the COVID vaccines passed clinical trials with flying colors. I believe not a single person from any of the Pfizer or Moderna trials died of COVID (people with the vaccine did, later, die of COVID, but at much, much, MUCH, lower rates than the unvaccinated). That's genuinely insane levels of drug success. You make an okay point, that the FDA needs some reform, but don't try to turn this into an anti-vax conspiracy ground, focus on actual issues where actual questionable activity exists.

> We've realized for some time that... language model technologies going to dominate our future

Citation Needed.