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Joined 3 years ago
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Cake day: June 14th, 2023

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  • The article is about the US, so doesn’t mention the UK. But to quote the article “Loopholes benefiting the very wealthy should certainly be closed. The biggest problem in the American tax system is at the very top. The resetting of the basis for capital-gains tax upon death allows billionaires who hold on to assets, borrowing against them to fund spending, to avoid the levy entirely. The dodge is outrageous. Yet ending it would yield only a tiny amount of money, probably less than 0.1% of GDP annually. The same goes for raising inheritance tax, a good tax that has never generated much money.” I suspect the same in the UK.

    The key point remains reasonable though - you can do all that but you just don’t raise enough money to meet people’s expectations







  • If true they’re all idiots, but I don’t believe the story anyway. All the data question answering LLMs I’ve seen use the LLM to write SQL queries on your databases and then wrap the output in a summary. So the summary is easy to check and very unlikely to be significantly wrong. AI/ML/statistics and code is a tool, use it for what it’s good for, don’t use it for what it’s not, treat hype with skepticism




  • MoonManKipper@lemmy.worldtoFlippanarchy@lemmy.dbzer0.compoverty
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    1 month ago

    Accepting the ambiguity you point out, saying that capitalism inherently promotes poverty is a stretch. It’s demonstrably the spread of liberal free market capitalism over the last 50 years has been the key to dragging more people out of poverty than ever before. It sure ain’t perfect, and needs to be moderated with appropriate democratic oversight and regulation, but it’s worked better than anything else we’ve tried