Favorites September 16th 2021
Billionaires use a strategy known as "buy-borrow-die" to avoid paying any tax on their capital gains. This is made possible by a loophole called step-up basis. @AlanMCole explains how lobbyists defeated Biden's effort to close it. fullstackeconomics.com/how-a-key-bide…
What a depressing outcome. Hopefully this will be first on the agenda next time we need to raise taxes though.
I didn't know this was British punctuation, but I very much agree.
Not only does California's recall system need redoing but the whole ballot initiative program where every election the ballot is stuffed full of irrelevant propositions cooked up by a few signatures thanks to low gubernatorial turnout.
California's government structure has... Problems.
Axios has a podcast miniseries about this, it's really good. The personal stories of the individuals selected are heartwarming A F.
One important thing to realize is that while both YIMBYs and NIMBYs are bipartisan groups, in the West they both tend to be leftists. YIMBYs are very much in the North European leftist tradition (which btw is the good one).
Darrell Owens @IDoTheThinking
I had not considered that there's a North south difference before, but yes.
If I worked at another tech co, this thing FB execs always do of conflating FB/IG-specific criticism with criticism of "the internet" and "social media" would really grind my gears.
Peter Kafka @pkafka
I like to think that outside observers see through their bs, but who knows.
