Hacker News: anon291

New comment by anon291 in "How to convert between wealth and income tax"

anon291 — Sat, 23 May 2026 16:18:43 +0000

Im building more homes in a market lacking homes where no outside group wants to invest. If you're building more homes on your property, by all means. No one is though and people are being priced out.

New comment by anon291 in "How to convert between wealth and income tax"

anon291 — Sat, 23 May 2026 00:54:03 +0000

My issue is singling out stocks for this. Try telling people they're laying taxes on their heloc and that this is now income so their 300k heloc cash out now puts them in the highest tax bracket! Good luck

Of course people taking out equity cash for investments are actually putting the money for productive use.

How about there's no capital gains tax on equity if it's rolled into another investment of any kind. Eliminate the like kind nonsense. Tax only consumption income.

New comment by anon291 in "How to convert between wealth and income tax"

anon291 — Fri, 22 May 2026 22:27:00 +0000

Taxation would only worsen the bubble as people are left unable to pay.

Again the tax rate sets a minimum return. These high returns encourage too much risk.

Collateralizing other assets is the standard way in which capital grows. I don't see how equities and any different than homes.

There is no 'circular' borrowing other than the normal creation of money through lending

New comment by anon291 in "Samsung chip workers will get an average $340k bonus as AI profits soar"

anon291 — Fri, 22 May 2026 19:35:34 +0000

I don't live in the Bay area. Left many years ago with my stock options and rsus.

New comment by anon291 in "How to convert between wealth and income tax"

anon291 — Fri, 22 May 2026 19:31:44 +0000

Yes let's encourage more risky behavior! Absolutely braindead takes.

This sort of proposal would establish a minimum 35 % return in any project. Thus halting investment entirely

Let's put this in perspective. I'm currently going to collaterize a few hundred thousand in equity to take a loan to develop homes in my very housing short city of Portland. My calculated return is 40%. This is an excellent return..

It this were taxed then my initial loan would have to be 40% larger which means all my profit would go into paying that back, which means this project never gets done.

You are already going to get the money once the homes are sold and the capital gains are realized. Why is everyone so greedy? You essentially want to tax twice

New comment by anon291 in "The spread of Christianity, from antiquity until today, on an animated map"

anon291 — Fri, 22 May 2026 16:07:41 +0000

It is shown though.

New comment by anon291 in "Samsung chip workers will get an average $340k bonus as AI profits soar"

anon291 — Fri, 22 May 2026 14:28:36 +0000

You can argue it's poorly managed, but the ownership structure is whatever it is.

New comment by anon291 in "Samsung chip workers will get an average $340k bonus as AI profits soar"

anon291 — Fri, 22 May 2026 05:46:32 +0000

The United States, since most of our means of production is owned by the public. That was the point. The United States has the highest equity ownership rate in the world. We all have a stake in this.

New comment by anon291 in "Samsung chip workers will get an average $340k bonus as AI profits soar"

anon291 — Fri, 22 May 2026 04:30:38 +0000

The idea that communism means that everyone owns everything equally is retarded. Communes themselves don't do this. People with more stake get more ownership

This corresponds to the first stage of Marxs theorized progession from capitalism too communism

Done hate the messenger. I'm just taking what I read and applying it to observed reality and telling you it fit.

Self described commies are dumb because they are incapable of enacting the very system they claim to idealize.

New comment by anon291 in "Samsung chip workers will get an average $340k bonus as AI profits soar"

anon291 — Fri, 22 May 2026 04:27:15 +0000

I'm just starting from first principles on a debate that has ended up being more about neurological orientation rather than anything substantive.

New comment by anon291 in "Samsung chip workers will get an average $340k bonus as AI profits soar"

anon291 — Fri, 22 May 2026 03:39:15 +0000

Well yeah America has achieved what the communists sought: public ownership of the means of production . Today most of the American public owns the largest means of production in government advantaged accounts. Marx ought to be proud

New comment by anon291 in "Samsung chip workers will get an average $340k bonus as AI profits soar"

anon291 — Fri, 22 May 2026 03:37:50 +0000

I mean as someone who works in American AI chip firms , our compensation is larger. You can bitch about America as much as you want but it's pretty much the best in terms of monetary compensation

Of course I'm late to the game. My colleagues who have been here ten years are either extremely wealthy and bored or sailing the Caribbean at this point. Every other week someone is taking a sabbatical

New comment by anon291 in "US employers spend more than $1.5B a year to fight labor unions, report finds"

anon291 — Thu, 21 May 2026 22:48:19 +0000

Tech and the market are orthogonal issues.

Burning rivers? No failure to protect the environment is a failure of property rights enforcement. If your stuff is leaking off your property you should be forced to pay for it. That's just basic property rights. You don't have the right to put your stuff on others property

New comment by anon291 in "US employers spend more than $1.5B a year to fight labor unions, report finds"

anon291 — Thu, 21 May 2026 18:41:56 +0000

Strawman.... No one is dying for lack of apples in America

New comment by anon291 in "US employers spend more than $1.5B a year to fight labor unions, report finds"

anon291 — Thu, 21 May 2026 18:41:33 +0000

Yes? Maybe the 1.5 m tall guy should find another line of work where he has a natural advantage that could be turned into profit. People are not the same. The market is the best way to allocate resources fairly to people of different ability

New comment by anon291 in "Minnesota becomes first state to ban prediction markets"

anon291 — Thu, 21 May 2026 02:57:08 +0000

A commodity market may not be a pure prediction market but you can buy weather futures on most commodities market and a host of other predictions which are necessary for agricultural production.

https://investor.cmegroup.com/news-releases/news-release-det...

New comment by anon291 in "Minnesota becomes first state to ban prediction markets"

anon291 — Thu, 21 May 2026 02:56:13 +0000

You can regulate the supply of a substance. Gambling is a human behavior. It's a normal human behavior. I don't understand the pearl clutching around gambling honestly.

New comment by anon291 in "An OpenAI model has disproved a central conjecture in discrete geometry"

anon291 — Wed, 20 May 2026 23:45:28 +0000

It is not only unsurprising ; it was always expected. There is no difference between programs and proofs. They are the same thing

New comment by anon291 in "An OpenAI model has disproved a central conjecture in discrete geometry"

anon291 — Wed, 20 May 2026 23:44:55 +0000

To every proof, there is a corresponding program. This makes proofs expressible in a language made up of finite grammatical rules and terminal symbols. Knowledge accessible by proof is thus always a form of interpolating data whether made up by an AI model or a human mathematician. The people dismissing AI because of claims that it can only interpolate data don't have a good understanding of what it means to know something. Now of course not everything can be known via proof but for the sorts of things that we want to know via a computer this is a fine compromise.

New comment by anon291 in "Minnesota becomes first state to ban prediction markets"

anon291 — Wed, 20 May 2026 04:11:44 +0000

Gambling works and is normal in most of the world. No idea why the USA is puritanical about this. It's like the oldest business on the planet.