Our local government taxes are entirely LVT and yet our housing prices still spiral upwards.
I'm not sure how to work this to everyday people's benefit - are the taxes to be so large punative that half of everyday home owners need to sell up? (I mean, the tax will only depress value if sales are avoided, or existing owners choose to sell, right?)
I'm probably in the "increase supply until no one else wants one" camp...
This is a very interesting article.
I'm not 100% convinced every influencer _feels_ trapped in a world of their own making - but it's correct that truth this day is suffering a bit of a "tragedy of the commons" problem.
> The world will keep offering you bad trades, will keep rewarding positions you know are too simple to be true.
Here's a story. I'd guess there's at least a few HN folk with a similar tale.
I'm not a real believer in cryptocurrency, in its current popular form at least. Actual value would be delivered by fast transaction rates at (very) high speed, high assurance, and some kind of oversight or ability to reverse transactions (you can choose your cutoff anywhere from "convicted criminal behavior" to "I disputed a transaction on my Visa/Mastercard just because I could" but ultimately society and the law needs to be an effective backstop of the system). Yet I was introduced to the bitcoin paper sometime near its release by a PhD officemate, and was a specialist in high performance and GPU computing at the time, and resolved to go home and spend a few hours mining a coin, but instead I just chilled out when I got home. I could literally have hundreds of coins right now (or equivalent cash). For years I could have chosen to join the bandwagen, but resolved not to. Currently my parents are profiting - go figure.
So yeah the world offers some interesting trades from time to time!
In any case I found the article meaningful. I'm glad I live outside the US and its current polarization, but I feel we have the same problem growing here. Hopefully we all learn to deal with it and sort out our differences.
The style of marketing material was becoming SO heavily cargo-culted with telltale signs exactly like these in the leadup to LLMs.
Humans were learning the same patterns off each other. Such style advice has been floating around on e.g. LinkedIn for a while now. Just a couple years later, humans are (predictably) still doing it, even if the LLMs are now too.
We should be giving each other a bit of break. I'd personally be offended if someone thought I was a clanker.