• 10 Posts
  • 1.21K Comments
Joined 1 year ago
cake
Cake day: June 14th, 2023

help-circle
  • A- taxes are a thing and therefore a cost that has to be factored in

    I will spend less on Taxes + Mortgage for a house sold at-cost than on Mortgage alone on a house sold at a 4x markup.

    B- Even if we fix the tax system it would still be a necessity.

    The issue isn’t the tax system, its the incentives of public officials. When you can generate personal income off the professional tax base, via privatization, you are incentivized to behave as a corrupt bureaucrat. This leads to both higher housing prices (because you want more money with which to be corrupt) and more hostility towards those taxes (because you’re seeing the money go into the pockets of corrupt officials, rather than into the maintenance of community property).

    arguing for utopia or bust is only going to let things get worse

    I don’t think identifying moral hazard in a system is utopian. If anything, I think it is vital to reversing negative trends. If you can’t recognize why municipal officials would resist public housing and subsidize artificially high real estate costs, you’re never going to see the path towards getting those corrupt officials out and reversing the trends.

    If “the foxes have always guarded the hen house and asking for anything else is utopian” is your response… Idk, buddy. What do you think happens next?


  • some people do forget “at cost” includes extra to cover maintenance and taxes.

    Taxes are a function of property value. One of the more ugly moral hazards of the last few decades has been municipal governments hungrily consuming the enormous tax windfalls of exploding property prices while residents are forced to pick up the tab for more and more privatized municipal services.

    The same house jumping from $150k to $600k doesn’t translate into roads that are 4x nicer or drainage 4x better managed or schools 4x more well-funded. It just floods into the pockets of municipal cronies and private contractors, for mayoral vanity projects. Selling property “at-cost” would keep the tax rates down. But high ranking city officials don’t want cheap land in their city. That cuts into their slush funds.

    So we see city officials tacitly encourage these exploding housing costs, while residents are priced out of homes they could have easily afforded even during the 2008 housing peak.






  • Even if you don’t like the BG3 campaign…

    That’s crazy. The campaign was one of the best computerized D&D adventures I’ve seen published to date.

    Neverwinter 1 & 2 lived on for a long time because of this.

    I enjoyed the Neverwinter toolkit, but the graphics were still so blocky and clunky. There’s a polish to BG3 that, I think, will draw in a bigger audience.

    Also, a big beautiful modding toolkit can have so many knock-on effects. Half-Life gave us a rich basket of spin-offs, from Team Fortress to Counterstrike. Starcraft and Warcraft popularized us a slew of new game styles, like Tower Defense and DOTA. Fingers crossed that we get something similar from BG3.












  • crypto is very niche in real world applications at the moment whereas AI does have real world usages.

    Crypto has a very real niche use for money laundering that it does exceptionally well.

    AI does not appear to do anything significantly more effectively than a Google search circa 2018.

    But neither can justify a multi billion dollar market cap on these terms.

    The game and media industry are very much trialling for voice and image synthesis for improving environmental design (texture synthesis) and providing dynamic voice synthesis based off actors likenesses. We have had peoples likenesses in movies for decades via cgi but it’s only really now we can do the same but for voices and this isn’t getting into logistics and/or financial where it is also seeing a lot of application.

    Voice actors simply don’t cost that much money. Procedural world building has existed for decades, but it’s generally recognized as lackluster beside bespoke design and development.

    These tools let you build bad digital experiences quickly.

    For logistics and finance, a lot of what you’re exploring is solved with the technology that underpins AI (modern graph theory). But LLMs don’t get you that. They’re an extraneous layer that takes enormous resources to compile and offers very little new value.