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Extropic founder Beff (e/acc) on why running probabilistic AI on deterministic hardware is quietly the biggest local optimum in computing "You have Landauer's principle. Essentially you have a minimum cost of erasing a bit." "Every time you reset a bit in a classical computer, your bit is actually random.... You don't know what state it is, and then you have to reset it to a deterministic state. So you have a Maxwell's demon for every bit, for every clock cycle. I'm tired of paying the demon tax." "If you go with fractional bits, you don't need to do full bit operations. Running hardware probabilistically is just much more power efficient." "All the algorithms we want to run these days, whether it's PageRank, whether it's recommender systems, whether it's diffusion models, whether it's transformers, they're all probabilistic algorithms." "Why are we paying the Maxwell's demon tax to run probabilistic algorithms on deterministic hardware? It just makes zero sense, and we've just been caught in a local optima." "It takes a true set of autists that are like, screw the whole stack, we're going to start from scratch. This has the bones to eat the world." Extropicshow more

MTS

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33,856 次观看 • 3 个月前 •via X (Twitter)

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$Extropic founder Beff (e/acc) explains why his new Z1 chip uses 10,000x fewer transistors than a GPU to run the same AI algorithms: "pbits are not traditional bits that are definitely zero, definitely one. They're oscillating between the two. It's like a light switch dimmer. You ever have it flicker when you're at the edge? It's kind of like that." "It's a fractional bit. I could be like, hey, 20% of the time I'm zero, 80% of the time I'm one. That would be a fractional flip." "The most interesting thing is that you can do all sorts of AI algorithms with about 10,000 times less transistors than if you were to do them digitally." "If you go back to the ancestry of neural networks, they came from something called energy-based models from Hinton." "We can do that specifically with Z1. We have literal Boltzmann machines in the hardware. They're very dense, and they use very few transistors, because each transistor is operating in the regime that would be usually considered janky. It's so low power, it's flipping all the time." Extropic$

Extropic founder Beff (e/acc) explains why his new Z1 chip uses 10,000x fewer transistors than a GPU to run the same AI algorithms: "pbits are not traditional bits that are definitely zero, definitely one. They're oscillating between the two. It's like a light switch dimmer. You ever have it flicker when you're at the edge? It's kind of like that." "It's a fractional bit. I could be like, hey, 20% of the time I'm zero, 80% of the time I'm one. That would be a fractional flip." "The most interesting thing is that you can do all sorts of AI algorithms with about 10,000 times less transistors than if you were to do them digitally." "If you go back to the ancestry of neural networks, they came from something called energy-based models from Hinton." "We can do that specifically with Z1. We have literal Boltzmann machines in the hardware. They're very dense, and they use very few transistors, because each transistor is operating in the regime that would be usually considered janky. It's so low power, it's flipping all the time." Extropic

MTS

22,568 次观看 • 3 个月前

Extropic founder Beff (e/acc) predicts 1000X more efficient AI inference could have a multi-trillion-dollar impact on the economy: "It shows it's possible to create arbitrarily scalable models on a new hardware substrate. We released our first results about a year ago, and it was MNIST, which is the very early days. It's the '80s of machine learning." "Today we have models that are GPT-2 level that can run on our hardware. Algorithmic progress is blazing fast." "If we can get to 1000x greater energy efficiency for inference sooner rather than later, that changes the whole world. That has a multi-trillion dollar impact on the economy." "Even if you're new to machine learning, you can vibe code this. You can use auto research. This is a whole new territory that's barely explored. It's just been a couple of our scientists." Extropic

Extropic founder Beff (e/acc) predicts 1000X more efficient AI inference could have a multi-trillion-dollar impact on the economy: "It shows it's possible to create arbitrarily scalable models on a new hardware substrate. We released our first results about a year ago, and it was MNIST, which is the very early days. It's the '80s of machine learning." "Today we have models that are GPT-2 level that can run on our hardware. Algorithmic progress is blazing fast." "If we can get to 1000x greater energy efficiency for inference sooner rather than later, that changes the whole world. That has a multi-trillion dollar impact on the economy." "Even if you're new to machine learning, you can vibe code this. You can use auto research. This is a whole new territory that's barely explored. It's just been a couple of our scientists." Extropic

MTS

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Rep. Mark Alford on spiking gas prices: "I think we all know that when you have a kinetic conflict like this -- whether you want to call it a war or not -- it is going to take a little bit of sacrifice on the part of Americans"

Rep. Mark Alford on spiking gas prices: "I think we all know that when you have a kinetic conflict like this -- whether you want to call it a war or not -- it is going to take a little bit of sacrifice on the part of Americans"

Aaron Rupar

174,326 次观看 • 8 个月前

✨ hasanabi's message to Democrats: "I know we don't always see eye to eye on a lot of stuff, but you have to literally, at some point, I know you don't want to do this, defend me. Not because you love what I have to say, not because I'm part of this coalition, even though I am, whether you like it or not, but you are going to inevitably have to say, 'this is a ridiculous that we're having because the real conversation Republicans don't want to have is the cost of living crisis.' That requires you to basically to take the L a little bit and maybe be a bit more honest about how I'm not this dangerous, toxic radical force."

✨ hasanabi's message to Democrats: "I know we don't always see eye to eye on a lot of stuff, but you have to literally, at some point, I know you don't want to do this, defend me. Not because you love what I have to say, not because I'm part of this coalition, even though I am, whether you like it or not, but you are going to inevitably have to say, 'this is a ridiculous that we're having because the real conversation Republicans don't want to have is the cost of living crisis.' That requires you to basically to take the L a little bit and maybe be a bit more honest about how I'm not this dangerous, toxic radical force."

adri ♡

2,103,897 次观看 • 3 个月前

Built a mac app this week using the new Conductor API that just came out. If you use Conductor you may like it. It's called Whistle, and it's for those quick ideas you have on a project. It's a tray app, you click it, you start talking or typing an idea that just came to mind you want Conductor to work on for a bit. Then move on with your day, next time you open up Conductor it's done the research, prepped a doc, and you are ready to go. Hope you like.

Built a mac app this week using the new Conductor API that just came out. If you use Conductor you may like it. It's called Whistle, and it's for those quick ideas you have on a project. It's a tray app, you click it, you start talking or typing an idea that just came to mind you want Conductor to work on for a bit. Then move on with your day, next time you open up Conductor it's done the research, prepped a doc, and you are ready to go. Hope you like.

Nabeel Hyatt

16,007 次观看 • 3 个月前

#WATCH | Delhi: On India Vs Pakistan Asia Cup 2025 match, Actor Suniel Shetty says, "It's a world sporting body. They have to abide by those rules and regulations because there are a lot of other sports and a lot of athletes who are involved in them. As Indians, I think that is our personal call that we have to take, whether we want to see it, whether we don't want to see it, whether we want to go or not go and that's a call India has to take but you cannot blame cricketers for playing because they are sportsmen, they are expected to represent the country. I think that's a call we have to take. If I'm not going to see it, I'm not going to see it. It's for you to decide what each one of you wants to do. It's not in BCCI's hands. It's a world sporting body and you can't blame anybody..."

#WATCH | Delhi: On India Vs Pakistan Asia Cup 2025 match, Actor Suniel Shetty says, "It's a world sporting body. They have to abide by those rules and regulations because there are a lot of other sports and a lot of athletes who are involved in them. As Indians, I think that is our personal call that we have to take, whether we want to see it, whether we don't want to see it, whether we want to go or not go and that's a call India has to take but you cannot blame cricketers for playing because they are sportsmen, they are expected to represent the country. I think that's a call we have to take. If I'm not going to see it, I'm not going to see it. It's for you to decide what each one of you wants to do. It's not in BCCI's hands. It's a world sporting body and you can't blame anybody..."

ANI

668,393 次观看 • 1 年前

Today I tried the Vector for the first time. It's a bit odd, the recoil pattern on it is opposite of what you would normally expect, it goes downwards. You don't really have to move your mouse to be on target. It might be a bit OP (worth the medic grind) WARDOGS

Today I tried the Vector for the first time. It's a bit odd, the recoil pattern on it is opposite of what you would normally expect, it goes downwards. You don't really have to move your mouse to be on target. It might be a bit OP (worth the medic grind) WARDOGS

gdolphn

60,794 次观看 • 1 个月前

Marc, who makes $77K/month as a solopreneur, says the fear of shipping your first product is a one-time fear (he uses a gym analogy to explain why) "We're always afraid to show our new creation and your ideas to the world for the first time. Just keep in mind that that's the biggest barrier to your success ever." "It's a bit like going to the gym for the first time. You see people on Instagram, they lift super heavy, and then you enter the gym, you don't know the machines, you don't know how it works." "It's a one-time fear. You kill 80% of it by doing it once, and then the remaining 20% will just kill it with more iterations, but it just becomes easier and easier."

Marc, who makes $77K/month as a solopreneur, says the fear of shipping your first product is a one-time fear (he uses a gym analogy to explain why) "We're always afraid to show our new creation and your ideas to the world for the first time. Just keep in mind that that's the biggest barrier to your success ever." "It's a bit like going to the gym for the first time. You see people on Instagram, they lift super heavy, and then you enter the gym, you don't know the machines, you don't know how it works." "It's a one-time fear. You kill 80% of it by doing it once, and then the remaining 20% will just kill it with more iterations, but it just becomes easier and easier."

Starter Story

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Cursor CEO Michael Truell: Programming in the future might not mean programming with an AI helper, but in a new language entirely. "There is a future version of the world where the way you interact with AI is a little bit less like it's a human helper that you're delegating work to... and instead, it's a little bit more of an advance in compiler or interpreter technology." "It can lead you to a world where programming languages actually change. They can start to be a little bit more about what you want and a little bit less about how you do it." "There is a world where direct manipulation of the UI starts to play a little bit more into it." Michael Truell with Patrick Collison

Cursor CEO Michael Truell: Programming in the future might not mean programming with an AI helper, but in a new language entirely. "There is a future version of the world where the way you interact with AI is a little bit less like it's a human helper that you're delegating work to... and instead, it's a little bit more of an advance in compiler or interpreter technology." "It can lead you to a world where programming languages actually change. They can start to be a little bit more about what you want and a little bit less about how you do it." "There is a world where direct manipulation of the UI starts to play a little bit more into it." Michael Truell with Patrick Collison

a16z

92,602 次观看 • 8 个月前

Chamath: 3 Things Every Company Needs in the Age of Super Intelligence 1) End-to-End Traceability 2) Policy-to-Risk Mapping 3) Auditable Evidence Chamath Palihapitiya: “There's really three things that you're going to need in an age of super intelligence so that boards are protected, CEOs have visibility, and all of the other compliance infrastructure and governance infrastructure of a company like D&O Insurance and all these other things are kept in place, which is end-to-end traceability, right? Which is to say, when you deploy super intelligence, you need to know what's going on. You need to map it to the policies so that you understand what the risks are. All companies have standard operating procedures, but you need to know exactly when you're deploying super intelligence, how that builds on top of your standard operating procedure, so you need to map policies to risk. And then the third is you need to have auditable evidence, which is your way of showing all of your downstream ecosystem, ‘Here's what I've done.’ So if anybody taps you on the shoulder, whether it's a lawyer, whether it's an auditor, whether it's a regulator, whether it's in a lawsuit, whether it's a customer, ‘Hey, how did this happen?’ You can present something. So these are, like, very practical, sane things, and you have this solution where the alternative was to hit the pause on trillions of dollars of GDP so that we could sort this out in a multinational body. The alternative was crazy, so I think what happened was historic and important.”

Chamath: 3 Things Every Company Needs in the Age of Super Intelligence 1) End-to-End Traceability 2) Policy-to-Risk Mapping 3) Auditable Evidence Chamath Palihapitiya: “There's really three things that you're going to need in an age of super intelligence so that boards are protected, CEOs have visibility, and all of the other compliance infrastructure and governance infrastructure of a company like D&O Insurance and all these other things are kept in place, which is end-to-end traceability, right? Which is to say, when you deploy super intelligence, you need to know what's going on. You need to map it to the policies so that you understand what the risks are. All companies have standard operating procedures, but you need to know exactly when you're deploying super intelligence, how that builds on top of your standard operating procedure, so you need to map policies to risk. And then the third is you need to have auditable evidence, which is your way of showing all of your downstream ecosystem, ‘Here's what I've done.’ So if anybody taps you on the shoulder, whether it's a lawyer, whether it's an auditor, whether it's a regulator, whether it's in a lawsuit, whether it's a customer, ‘Hey, how did this happen?’ You can present something. So these are, like, very practical, sane things, and you have this solution where the alternative was to hit the pause on trillions of dollars of GDP so that we could sort this out in a multinational body. The alternative was crazy, so I think what happened was historic and important.”

The All-In Podcast

104,221 次观看 • 1 个月前

This guy who makes $25K/month from a boring job board website says: building a profitable business is actually inevitable if you just run marketing experiments every single day... "Once you make your first money online, it becomes really obvious that you can do it. So it's really important to have faith in yourself in the early stages." "It's actually inevitable that you are going to create a profitable business. It's not a rocket science. It doesn't take a genius. It just takes consistent work over a couple of years." "If you're running marketing experiments on a daily basis, extracting insights from every failed experiment, it's actually inevitable that you are going to create a profitable business."

This guy who makes $25K/month from a boring job board website says: building a profitable business is actually inevitable if you just run marketing experiments every single day... "Once you make your first money online, it becomes really obvious that you can do it. So it's really important to have faith in yourself in the early stages." "It's actually inevitable that you are going to create a profitable business. It's not a rocket science. It doesn't take a genius. It just takes consistent work over a couple of years." "If you're running marketing experiments on a daily basis, extracting insights from every failed experiment, it's actually inevitable that you are going to create a profitable business."

Starter Story

22,362 次观看 • 2 个月前

Message from Little Aemeath: Ring Ring! Thank you for using Little Aemeath Communication! Alright, I'm just joking. What have you been up to recently? How is your life at the Academy? Hmm, actually don't answer the question just yet— Do you know that I've actually paid you a visit in the academy? But unfortunately it's not like you'd know anyway since I am now a digital ghost... So that's why I've tried sending you a few messages through the WavesLine. It's a safe, reasonable, and polite option. There is something I want to tell you real quick: it seems like someone recently flooded the notice board with the same exact message saying, "The Voidworm was defeated!" And want to guess who showed up on the thank you list? You! It looks like you are a very famous person now in the academy! You seem to capture everyone's gaze anywhere you pass. I'm... uhh... How should I describe it...? I'm proud. And also can't help but feel a bit worried. Since every time this "heroic savior moment" happens, it always comes with some very tedious things afterwards. Like interviews, thank yous, expectations, and legends... Everyone is passionate about those, but they never ask if you ever felt tired... So... Well, this message isn't really here to give you praise. I figure that you would have already been tired from those words already, right? I want to know if you have been taking needed rests; Did you get hurt? Have you ever forced yourself to continue on...? If you did... you can always slow down a bit, you know... It's fine... It's not like the world will implode just because you slow down for a little bit. Well, even if something does happen, it's not like you actually have to carry all this burden yourself... At least you still have got me! Alright! That is today's systematic check on you! Did it sound like an elderly person making ramblings? You used to do that to me all the time as well, you know. Sigh. Remember to take care of yourself more, alright? I'll check on you again in the near future. Communication... End. #WutheringWaves #WuWa

Message from Little Aemeath: Ring Ring! Thank you for using Little Aemeath Communication! Alright, I'm just joking. What have you been up to recently? How is your life at the Academy? Hmm, actually don't answer the question just yet— Do you know that I've actually paid you a visit in the academy? But unfortunately it's not like you'd know anyway since I am now a digital ghost... So that's why I've tried sending you a few messages through the WavesLine. It's a safe, reasonable, and polite option. There is something I want to tell you real quick: it seems like someone recently flooded the notice board with the same exact message saying, "The Voidworm was defeated!" And want to guess who showed up on the thank you list? You! It looks like you are a very famous person now in the academy! You seem to capture everyone's gaze anywhere you pass. I'm... uhh... How should I describe it...? I'm proud. And also can't help but feel a bit worried. Since every time this "heroic savior moment" happens, it always comes with some very tedious things afterwards. Like interviews, thank yous, expectations, and legends... Everyone is passionate about those, but they never ask if you ever felt tired... So... Well, this message isn't really here to give you praise. I figure that you would have already been tired from those words already, right? I want to know if you have been taking needed rests; Did you get hurt? Have you ever forced yourself to continue on...? If you did... you can always slow down a bit, you know... It's fine... It's not like the world will implode just because you slow down for a little bit. Well, even if something does happen, it's not like you actually have to carry all this burden yourself... At least you still have got me! Alright! That is today's systematic check on you! Did it sound like an elderly person making ramblings? You used to do that to me all the time as well, you know. Sigh. Remember to take care of yourself more, alright? I'll check on you again in the near future. Communication... End. #WutheringWaves #WuWa

Naru

40,857 次观看 • 9 个月前

Angela White says calling yourself a "porn star" is cringe and compares adult performers to PROFESSIONAL ATHLETES. "I am in awe of them, but getting back to the porn star thing, I wouldn't even call myself a porn star. Like, that's cringy." "No, but you can call me that if you want. But if I'm like, I'm a porn star, like, it's just, you know, I'm a porn performer." "And calling yourself a star is kinda cringy, yeah." "It's a bit... I mean, you're a performer, it's not your I mean, this is kind of, this is your profession, right? So maybe you feel uncomfortable because really, like, this is your profession... I'm a porn hobbyist." "Yeah, there you go." "That really is how I feel too. It's like, I just pop in, I do a little bit of this, but it's just a very side thing." "Okay, you're an occasional porn performer, right?" "Yeah. Yeah, I am in awe of the performances that the males do on camera. Yeah, they're I mean, the females as well. We're all sexual athletes, really." "Athletes, huh? It feels like that every time you shoot or just some of the time?" "When I'm doing more, I don't like to call it extreme, but like when I'm doing acts that are more physically intensive, you are training for those acts, you're stretching like any kind of athlete would, you're preparing. I mean, we have to prepare our bodies day in, day out for the physical work that we do. We have to eat right, we have to be going to the gym, we have to keep our body in like a peak physical condition when we're doing anal or double anal or gangbangs, we're literally having to prepare our muscles for that intake......."

Sensitive content

Angela White says calling yourself a "porn star" is cringe and compares adult performers to PROFESSIONAL ATHLETES. "I am in awe of them, but getting back to the porn star thing, I wouldn't even call myself a porn star. Like, that's cringy." "No, but you can call me that if you want. But if I'm like, I'm a porn star, like, it's just, you know, I'm a porn performer." "And calling yourself a star is kinda cringy, yeah." "It's a bit... I mean, you're a performer, it's not your I mean, this is kind of, this is your profession, right? So maybe you feel uncomfortable because really, like, this is your profession... I'm a porn hobbyist." "Yeah, there you go." "That really is how I feel too. It's like, I just pop in, I do a little bit of this, but it's just a very side thing." "Okay, you're an occasional porn performer, right?" "Yeah. Yeah, I am in awe of the performances that the males do on camera. Yeah, they're I mean, the females as well. We're all sexual athletes, really." "Athletes, huh? It feels like that every time you shoot or just some of the time?" "When I'm doing more, I don't like to call it extreme, but like when I'm doing acts that are more physically intensive, you are training for those acts, you're stretching like any kind of athlete would, you're preparing. I mean, we have to prepare our bodies day in, day out for the physical work that we do. We have to eat right, we have to be going to the gym, we have to keep our body in like a peak physical condition when we're doing anal or double anal or gangbangs, we're literally having to prepare our muscles for that intake......."

Dunmola♋

51,112 次观看 • 2 个月前

Navarro: "There is a deep, deep, deep division on whether the 2020 election was stolen…Is the probability that the election was stolen higher today in people's minds than it was before we got the data? I would argue that certainly, there's no question. Whether you have a very low view of whether it was stolen, it's gonna creep up a little bit because of what came out. If you have a high view, it's gonna maybe pop to certainty."

Navarro: "There is a deep, deep, deep division on whether the 2020 election was stolen…Is the probability that the election was stolen higher today in people's minds than it was before we got the data? I would argue that certainly, there's no question. Whether you have a very low view of whether it was stolen, it's gonna creep up a little bit because of what came out. If you have a high view, it's gonna maybe pop to certainty."

The Bulwark

82,423 次观看 • 3 个月前

Mikel Arteta on whether changing opinions of Arsenal's style matter: "No, I think you have to respect every opponent. It would be good to be a bit consistent, but that's what we face as well. I mean, it's understandable. It's a game that you are too passionate 2, and you just get the emotion of what you just seen, and it's normal, and you just forget what the team has done. "But I understand, that's the level, that's the expectations, and our job as well is to create that excitement constantly. But the opponent has a lot to do with that in relation to how they want to play, and that's inevitable. But that's on us, that's our responsibility as well, and we take it, we accept that."

Mikel Arteta on whether changing opinions of Arsenal's style matter: "No, I think you have to respect every opponent. It would be good to be a bit consistent, but that's what we face as well. I mean, it's understandable. It's a game that you are too passionate 2, and you just get the emotion of what you just seen, and it's normal, and you just forget what the team has done. "But I understand, that's the level, that's the expectations, and our job as well is to create that excitement constantly. But the opponent has a lot to do with that in relation to how they want to play, and that's inevitable. But that's on us, that's our responsibility as well, and we take it, we accept that."

Connor Humm

11,434 次观看 • 20 天前

Muslim man in America is asked a simple question, “If you like your religion so much, why don't you go to a Muslim country?” The Muslim man proudly proclaims “This is a Muslim country” and they are here to take over America “whether you like it or not.” He straight up says this is their goal her “This is a Muslim country and every single one of you will be Muslim. It's just that simple because Allah says this religion of mine will enter every single home whether you like it or not. It would overtake every religion whether you like it or not.”

Muslim man in America is asked a simple question, “If you like your religion so much, why don't you go to a Muslim country?” The Muslim man proudly proclaims “This is a Muslim country” and they are here to take over America “whether you like it or not.” He straight up says this is their goal her “This is a Muslim country and every single one of you will be Muslim. It's just that simple because Allah says this religion of mine will enter every single home whether you like it or not. It would overtake every religion whether you like it or not.”

Wall Street Apes

1,675,972 次观看 • 1 年前

ELON MUSK: The Future of AI Power is in Space, Not on Earth. "Once you start thinking in terms of what percentage of the sun's power are you harnessing? You realize you have to go to space and you can't scale very much on Earth. All of the United States currently uses only half a terawatt per hour on average. So you know, if you say a terawatt, that would be twice as much electricity as the United States currently consumes. So that's quite a lot. It's actually very difficult to build power plants and then you don't just need the power plants, you need all of the electrical equipment. Need the electrical transformers to run the transformers. You can build power plants. That's what we did at xAI for Colossus 2. It's very difficult to scale other forms of power. You can scale potentially solar. Solar cells are already very cheap. Now put it in space and it's 10 times cheaper because you don't need any batteries. So the moment your cost of access to space becomes low. By far, the cheapest and most scalable way to generate tokens is space. It's not even close. It'll be an order of magnitude easier to scale five years from now. My prediction is we will launch and be operating every year more AI in space than the cumulative total on Earth."

ELON MUSK: The Future of AI Power is in Space, Not on Earth. "Once you start thinking in terms of what percentage of the sun's power are you harnessing? You realize you have to go to space and you can't scale very much on Earth. All of the United States currently uses only half a terawatt per hour on average. So you know, if you say a terawatt, that would be twice as much electricity as the United States currently consumes. So that's quite a lot. It's actually very difficult to build power plants and then you don't just need the power plants, you need all of the electrical equipment. Need the electrical transformers to run the transformers. You can build power plants. That's what we did at xAI for Colossus 2. It's very difficult to scale other forms of power. You can scale potentially solar. Solar cells are already very cheap. Now put it in space and it's 10 times cheaper because you don't need any batteries. So the moment your cost of access to space becomes low. By far, the cheapest and most scalable way to generate tokens is space. It's not even close. It'll be an order of magnitude easier to scale five years from now. My prediction is we will launch and be operating every year more AI in space than the cumulative total on Earth."

DogeDesigner

37,916 次观看 • 9 个月前

🚨 I AGREE: Abolish property taxes. Everywhere. RON DESANTIS: "To say you're just enjoying property and all of a sudden the value [goes up] - you have to pony up [to the government?] We don't really do that in anything else!" "If they're going to come tell you your house is worth twice as much than what you purchased it, and you've got to pay higher taxes as a result, that's a NEGATIVE of having rising property values. It's an unrealized gain!" "If you buy a stock, and you hold it, then you're taxed when you SELL it. The stock doubles, they don't just tax you as you hold it. Unrealized gains is NOT the way you want to run a tax system, but our property tax system basically relies on these unrealized gains."

🚨 I AGREE: Abolish property taxes. Everywhere. RON DESANTIS: "To say you're just enjoying property and all of a sudden the value [goes up] - you have to pony up [to the government?] We don't really do that in anything else!" "If they're going to come tell you your house is worth twice as much than what you purchased it, and you've got to pay higher taxes as a result, that's a NEGATIVE of having rising property values. It's an unrealized gain!" "If you buy a stock, and you hold it, then you're taxed when you SELL it. The stock doubles, they don't just tax you as you hold it. Unrealized gains is NOT the way you want to run a tax system, but our property tax system basically relies on these unrealized gains."

Eric Daugherty

1,255,626 次观看 • 1 年前