rv3909i

Joined 2 years ago

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Aug 27

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If you were starting a team from scratch this is surely true. But, if you can leverage existing teams and infrastructure, it’s very possible.

Comment · 2 years ago

On the other hand, silicon has never been so cheap.

The hardest things would've been the DDR4 and PCIE interface. But as they're using standard interfaces, and last generation. I'm sure they got a good discount on all that IP and it didn't cost them hardly any man hours to integrate. And Tesla might've even already had the licenses and IP setup as they make other ASICs.

I didn't do a budget or anything, but at even 10Ks of units, I could see how this could save money. Or at least not loose money. Assuming a comparable IB network card is ~$1000, which I also didn't price.

And there could be other potential cost offsetting features, like power savings.

Comment · 2 years ago

I'd love to. I'm genuinely interested in how this policy could be implemented and would love to read their suggestions. I think it's very hard to pull off successfully. Can you provide a link?

I thought Harris was adopting the President's 2025 budget proposal [1], which doesn't specifically state this is specific to tradable assets, but according to the downvoters I'm wrong about that. As far as I can tell it provides no comment on how "wealth" is determined.

[1] https://home.treasury.gov/policy-issues/tax-policy/revenue-p...

I suppose the whole argument is moot anyway as the President doesn't pass a budget, Congress does. And this document is really about communicating priorities, not actual policy.

And if one wants to get really persnickety, Harris didn't actually say anything. Some people working for her campaign did.

https://www.nytimes.com/2024/08/22/us/politics/kamala-harris...

Comment · 2 years ago

Are you sure the Harris proposal is only about publicly traded stock portfolios? Maybe I'm missing something, but I don't see publicly traded stocks being singled out by the President, which is supposedly the policy Harris is adopting.

"The proposal would impose a minimum tax of 25 percent on total income, generally inclusive of unrealized capital gains, for all taxpayers with wealth (that is, the difference obtained by subtracting liabilities from assets) greater than $100 million."

https://home.treasury.gov/system/files/131/General-Explanati...

And there are many private farms in America worth more than $100m. I have no idea what amount of that would be "unrealized capital gains", which is kinda the problem.

Comment · 2 years ago

So if I don't apply for a loan, I don't get assessed, which means I don't pay taxes? Anyway, the system is not that simple and bank assessment would be trivial to game. People do it now even without taxes on the line...

Comment · 2 years ago

And if the asset is a farm?

Comment · 2 years ago

How do you know you have over 100m in assets? One never really knows the worth of something until it's sold. (i.e. try selling a used car. there's what you think it's worth and what you get...)

And once the asset is sold, that's a taxable event.