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Joined 1 year ago
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Cake day: July 16th, 2023

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  • It has been a couple of years now and the response to these articles is always the same. The person making the comment cannot accept that they produce code with bugs. So the problem has to be that the people being measured in the article must not know what they are doing.

    Look at the source of these articles though. We are being asked to believe that the code in Android, Windows, AI frameworks, and databases are all being pumped out by junior devs. It is not that Rust results in fewer bugs than C++ generally, it is that Google engineers have not been properly trained or motivated.

    I mean, the denial is Sith level strong in these people.




  • Property tax has nothing to do with unrealized gains. It is an attempt to charge a services tax in an equitable way. It is like putting road taxes in gasoline. Framing it as a crude consumption tax would be more appropriate.

    The property tax you pay on your home is a tiny fraction of its value. If we were charging those kinds of tiny percentages to billionaires you would be up in arms.

    I do not have to argue abolishing property taxes because they do not introduce the kinds of brain dead distortions that “unrealized gains” taxes would. Even still, there are actually carve outs for them in most countries. Where I live, as an example, seniors can defer property tax until the property is sold ( you know, until the wealth has been realized ). As I said above though, it is really a service tax and so, even when delayed, the amount is based on assessed value every year.

    If property tax was a model for your unrealized gains tax it would have these features:

    • quite a small percentage of the assessed value
    • the ability to defer until value had been realized

    Based on the discussion here, a tax like that is not going to satisfy the mob.

    Like I said, tax the rich. Tax the hell out of them. Just don’t do it in such a broken way.

    Stop acting like I am defending rich people or arguing against taxes. I have been very clear that I am not. It seems equally clear that you have no rational response to what I am saying which is why you keep pretending that I am arguing for wealth inequality instead of just math. The people hit hardest by bad tax policy are always the middle class. The same would be true of a wrong-headed unrealized gains tax, no matter how much shouting about billionaires was used to make it more popular.





  • How could you misunderstand his comment so completely?

    Bitcoin is not money. You cannot file your tax return with a line-item with the number of Bitcoin you were paid. On a US tax return, you have to say how many USD you were paid. On a Canadian return, it is Canadian dollars. In the UK, it would be GBP.

    If I demanded that my US employer paid me in GBP, they may do so. They would also track internally the dates they paid me, the value in USD that they paid me, and the exchange rate to GBP. The tax deducted from my check would be in USD.

    This is part of the tax code in every country. You get paid in the currency of that jurisdiction ( regardless of how you choose to take payment ).

    If you wanted to receive Bitcoin, it would be an investment. The taxable income would be the value on the day I received it. The value on the day that I sold is irrelevant. This is not “unrealized gains” by any stretch.

    You cannot “elect” how to be paid for tax purposes. The currency on your return is a matter of law as are the rules about moving in and out of that currency. This is practically the definition of “realization”.



  • Both my examples are about being taxed on money that may never exist. Your second comment makes me think you did not understand me.

    I am not talking about political impossibility. And I am certainly not talking about the difficulty in calculating current market value. I am talking about the poor correlation between current value and the gains that will potentially actually be “realized”. I am talking about bad policy.

    Here is an example. Back in the 2000’s, there were people that were taxed on the value of their stock options using exactly this same logic ( the “value” on paper ). Later, when the market crashed, there was not even enough value left in the shares and options to pay the taxes already owing. People literally paid well over 100% tax ( in some cases hundreds of percent ). Who were these super rich people that deserved such tax treatment? Many were relatively young employees of technology companies using equity as compensation. These employees had little wealth before being taxed on their “unrealized gains” and may have been bankrupt after. The whole concept is incredibly flawed.

    I personally dislike Elon Musk. But even with him, taxing him on what he was worth at the high point would be totally unjust as he is not worth that now. It makes way more sense ( in my view ) to tax him when, and if, any of that wealth materializes. I am no fan of Donald Trump. But I think it would have been totally insane to tax him on the value of his Trump Media “wealth” when it was “valued” at $8 billion. If he gets even $1 billion out of it I will be amazed. Anyway, tax him on that. Tax it at 90% if you want. But don’t tax him on “wealth” that nobody is ever going to see.

    I do not know what state you are in but I am unaware of anywhere that would tax you on “unrealized” income from your high-tax bracket salary. Nobody is taxing you on the “unrealized” benefit of your salary. Are you trying to tell me that it does? Where I am, leaving the jurisdiction for more than 6 months would render my income and gains beyond that point non-taxable so the government of course wants a “final return”. Are you talking about something similar?

    Again, I am all for taxing the rich. Tax actual gains however you want. What I do not think you should do is tax “unrealized” gains. It is an incredibly flawed idea.


  • I know the 12 year olds will be upset but this is dumb.

    Unrealized gains may never be realized. If they ever are, they may be worth less at that point than the tax you paid. It is like taxing everybody on income at the beginning of the year and then telling them tough luck if they get fired and never get that income.

    Also, borrowing in assets does not make you wealthier. How much tax should we charge people when they get a mortgage ( not when they sell, when they first borrow ). I mean, somebody just gave you hundreds of thousands of dollars. Why shouldn’t you have to pay tax on that? ( according to the OP at least ).

    Anyway, I will stop there. We are not going to get back at the rich by saying a bunch of stupid things. If you don’t like generational wealth, fine. Have an estate tax. If you don’t like windfall wealth, fine. Have a super high progressive tax rate. I have no problem limiting extreme wealth ( it won’t hurt me ). But “tax people I don’t like on things that make no sense” just tells people you cannot think well and are not into math.







  • Basilisk is the odd one out here. It is a continuation of pre-Servo Firefox ( Firefox before Rust ). It is not exactly a “new” engine.

    Ladybird is probably the most exciting project as it is most likely to create a new independent browser suitable for daily use.

    Servo was very exciting back when Mozilla was heavily invested in it. Sadly, it was long dormant. It really seems to be heating up again though so that is awesome.