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Joined 3 months ago
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Cake day: November 30th, 2025

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  • If anything it seems more like crony capitalism, when the CPI is understated and all investments are excluded it drives down borrowing rates and bond yields, which raises stock values and provides a stream of revenue to those with access to the most credit.

    People like Elon Musk who avoid paying taxes by borrowing cheap debt, which who would lend to him their own capital when his collateral is Tesla stock and silly ideas like space datacenters. Which is entirely built on speculation and pumps to new all time highs whenever QE is unloaded into the market; they would be taking the risk that Tesla doesnt go to 0 for a small fixed income payout, if it was their own money and a bailout wasnt guaranteed.






  • They arent really loopholes though are they, Musk for instance is taking a risk to avoid taxes, and someone else with a low time preference is benefiting by accruing interest by lending him money.

    They still pay taxes in the end, and it will be far higher than it would be if we plucked the fruit of their labor now. Except the IRA thing but that cant be terribly common, and again Thiel took a massive risk by not diversifying. But sure go ahead and write a law to take a chunk of that unicorn whenever it is he decided to realize it, it will fund a few hours of government spending.





  • It could just be irrational exuberance, and the perverse incentive to keep it going by the people running those companies.

    In the dotcom bubble I’m sure there was shortages, same as the housing bubble, which destroyed peoples ability to buy a home.

    Its really the Fed whose at fault, with cheap debt and QE, they now exist to create as much misallocated capital as possible. The entire financial system is fraudulent, to quote burry in the big short.