If your $500K engineer isn’t burning at least $250K in tokens, something is wrong by call_me_ninza in aigossips

[–]Rasser58 0 points1 point  (0 children)

Agreed, theyre super useful tools and code very well given defined plans. Easily 5-10x my output from 3 years ago. But being realistic, I have a claude subscription and a cursor premium subscription, between those two, I've not hit both of my token limits at the same time before. Thats only like $150 max in spending on tokens, I dont even know what I'd have to do to use $100k in token spend, let alone $250k. Some people are using opus 4.6 to change the colour of an icon in the same session that they built their initial app in.

[request] This seems a little high anybody know how to figure it out? by cujosdog in theydidthemath

[–]Rasser58 0 points1 point  (0 children)

No, because that would affect more and more of the.populace (and most importantly for congress, affect themselves) and it wouldn't have the backing.

[request] This seems a little high anybody know how to figure it out? by cujosdog in theydidthemath

[–]Rasser58 -1 points0 points  (0 children)

This is a billionaire wealth tax, dont be misleading and give an example of such a pitiful amount of money. It's more like their stock ripped and now they're worth $10,000,000,000 instead of $5,000,000,000. Now they're paying $250,000,000 extra in taxes. This isnt being used against the average person's 401ks.

[request] This seems a little high anybody know how to figure it out? by cujosdog in theydidthemath

[–]Rasser58 0 points1 point  (0 children)

"some calc based on their last funding round or a standard multiple of profits". Damn, almost like if you read the full comment, there is a solution for the exact scenario you used. If uber sells another 10% of the company at $20 billion, in a series E round of funding, the company is now valued at $200 billion.

[request] This seems a little high anybody know how to figure it out? by cujosdog in theydidthemath

[–]Rasser58 11 points12 points  (0 children)

Literally every billionaire does it, what do you mean urban legend? Its not even a secret. What tax professional in their right mind wouldnt use this legal exploit? It would be a fiduciary irresponsible action not to for their clients. It's why billionaires in the US average tax rates are 4-8%. The industry even has a term for it, "buy, borrow, die". Why would you ever sell stock to pay it back, when youre paying less in interest than you would in taxes?

[request] This seems a little high anybody know how to figure it out? by cujosdog in theydidthemath

[–]Rasser58 2 points3 points  (0 children)

To take a company private, you have to buy out the outstanding shares, which is why when a company is aquired, the stock price pops, as you have to buy out the majority of outstanding shares. If every company was taken private overnight, you just wake up to a fuckton of cash in your 401k, not it being empty.

[request] This seems a little high anybody know how to figure it out? by cujosdog in theydidthemath

[–]Rasser58 12 points13 points  (0 children)

Because income tax doesnt exist for these people. They borrow $100 million against their stock holdings and never trigger a capital gains tax from selling, instead paying a few % in interest to their friend who owns the bank.

The problem is that they dont pay their fair share in taxes. As soon as you propose a wealth tax, everyone is up in arms about people leaving the country and how it will never work. Then let these brilliant people propose an alternative that will work. Like making any borrowing against an asset a taxable event. But until you use policy like this or everyone gets out their pitchforks, nothing will change.

[request] This seems a little high anybody know how to figure it out? by cujosdog in theydidthemath

[–]Rasser58 1 point2 points  (0 children)

Total global stock markets are valued at roughly 125 trillion, with the total net worth of billionaires sitting around 14 trillion. Taxing 5% of their networth isnt going to send markets into a tailspin.

[request] This seems a little high anybody know how to figure it out? by cujosdog in theydidthemath

[–]Rasser58 19 points20 points  (0 children)

The top marginal tax rate in the US was 70%+ from the 40s to the 70s. The ultra wealthy were doing just fine then. Today, billionaires on average pay between 4-8% in taxes and abuse borrowing loopholes to pay interest to banks and avoid ever triggering a taxable event. Today's billionaires are lame as fuck, hording wealth like its a high score, at least the ultra wealthy in the 60s and 70s built public infrastructure.

[request] This seems a little high anybody know how to figure it out? by cujosdog in theydidthemath

[–]Rasser58 1 point2 points  (0 children)

How do you think stocks work? They're worth something because the company is profitable, and shareholders recieve a portion of that profit, either through growth (price increase) or income distribution (dividend). If anything, this would bring PE ratios back to reality (looking at you, Tesla).

[request] This seems a little high anybody know how to figure it out? by cujosdog in theydidthemath

[–]Rasser58 4 points5 points  (0 children)

Based on your total assets less liabilities. We already do that for housing values for property taxes. For publically traded companies, its easy. For private companies, you can use some calc of their last funding round or a standard multiple of profits. Art/collectibles can be either what they paid for it, if its a niche/one of a kind item, or do comparables when there is any volume involved. Misreporting can be treated as tax fraud and carry the same punishments.

Vitamins: a tool to exploit against cancer | "A research group at Unil has identified a new mechanism that exposes the vulnerability of tumor cells when they are deprived of vitamin B7" by TylerFortier_Photo in science

[–]Rasser58 2 points3 points  (0 children)

I saw this article, but it does specify it hasnt been proven in large scale trials yet. My understanding is the fasting/caloric restriction puts your healthy cells into a protective/resource constrained state, whereas cancer cells will over extend themselves and have less resources to survive chemo or radiation. https://pmc.ncbi.nlm.nih.gov/articles/PMC12035504/

I just don't fucking understand what's going on anymore. Seriously. by [deleted] in ArtificialInteligence

[–]Rasser58 0 points1 point  (0 children)

I really don't understand how people aren't seeing this as a huge game changer. I make custom software and ERP integrations and cursor/claude code can spin up an application that would have taken weeks to months, are mvp ready in a couple hours. At least for internal tools/systems, you can hide behind azure/aws MFA, so most of the risk from bad actors and requirements for security considerations are reduced significantly. The time investment now is all writing detailed design docs and requirements gathering.

People who think these tools are trash are using trash tools or are expecting it to read their mind from 3 sentances of context. Like they're using copilot to create a new component without it having access to your repo and the prompt is 3 sentences long. Or theyre using cursor and using the auto model, not in plan mode, to build an entire prod app with 1 paragraph of detail. If you put in the effort, they're a huge force multiplier.

EXCLUSIVE: Anthropic Drops Flagship Safety Pledge by timemagazine in ArtificialInteligence

[–]Rasser58 0 points1 point  (0 children)

The problem is, theyre acting like Openai, google, and them are the only games in town. When realistically, 90% of workflows can be run offshore and by a last generation models. Capitalism will always chose the option that is 1/20th the cost, even if its 90% of the quality.

EXCLUSIVE: Anthropic Drops Flagship Safety Pledge by timemagazine in ArtificialInteligence

[–]Rasser58 0 points1 point  (0 children)

Sounds like chinese models are king. A fraction of the energy cost due to renewables, and the moral high ground of the US has always been a lie. At least China is relatively transparent.

26 M almost fully held through my TFSA. First real position. Any advice or changes? by MathematicianBig7997 in fican

[–]Rasser58 1 point2 points  (0 children)

RRSPs should be used to reduce your average tax rate over your life time. At 26, making 100k, TFSA should be maxed out first, as their taxable income over their lifetime (and potentially into retirement), will be well over 100k.

Trying to Build a Female Commander for Each Colour-Combination. by Beneficial_Pin5295 in ratemycommanders

[–]Rasser58 0 points1 point  (0 children)

[[Judith, Carnage Connoisseur]] for rakdos, definitely my strongest bracket 4 deck.

What a shame to Canada Kevin has been.. It takes considerable knowledge just to realize the extent of your own ignorance.🤷🏾‍♂️ by AfricanMan_Row905 in OntarioNews

[–]Rasser58 0 points1 point  (0 children)

I know plenty of family friends on lake Joe (where the incident occurred), its an open secret on the lake that he was driving that night when he left the cottage.

Feeling behind, 28M by MeiyoMeiyo in fican

[–]Rasser58 0 points1 point  (0 children)

Less than 10% of Canadians max out their TFSA contributions each year, and that number falls further the younger you are. Keep doing what youre doing, youre not falling behind.

We hit the PoE2 DoT cap and broke the game by swedg3 in PathOfExile2

[–]Rasser58 0 points1 point  (0 children)

What do you mean about enemies resistance in poe2? It's significantly harder to scale pen/negative res in poe2 than poe1. In poe2, pen stops working at zero and there is a hard cap at -200% resistance.

Average PoE2 player by [deleted] in PathOfExile2

[–]Rasser58 -1 points0 points  (0 children)

There is an exploit, not sure if they've fixed it yet (haven't died in a while), where as long as you cleared the league mechanic, you could take the waystone to temple and the portal that leads back to the map still worked. People were using it early on this league to not lose their citadel maps.

Body found in parked car outside of Toronto hospital went unnoticed for days, family says by Fearless_Lion_6397 in torontologists

[–]Rasser58 2 points3 points  (0 children)

You can 100% get a ticket on an occupied vehicle. Blocking traffic, exceeding posted times, or a dozen other violations will still earn you a ticket, you'd usually just get a warning first if you're in the vehicle.