TwoConTango

JUST IN: 88% of Nvidia $NVDA employees surveyed wanted Jensen Huang to remain CEO.

ABD'nin San Diego kentinde deniz suyuyla dolu dar bir mağaraya giren kişiler, kayaların içine oyulmuş gizli merdivenleri görüntüledi. Sunset Cliffs'teki mağaranın geçmişte içki kaçakçıları tarafından kullanıldığı ve gizli bir tünelle tarihi bir malikaneye bağlandığı anlatılıyor

omg... Ethereum founder Vitalik Buterin just went completely SILENT after being asked this question:

Photos said to be shared by Alice Huang (Huang Le) from her own WeChat feed - almost like she was showing off and wanted people to know that she had special relationship with Jensen. Shouldn’t a spy be more low-key and cautious than this?

FLAVIO BRIATORE IS OUT HERE WITH A WOMAN YOUNG ENOUGH TO BE HIS GRANDDAUGHTER. BRO IS 76 AND STILL DATING LIKE HE'S 22. LET'S BE FUCKING HONEST. IF HE WAS BROKE, WOULD SHE EVEN LOOK HIS WAY? MONEY REALLY IS THE ULTIMATE FUCKING BEAUTY FILTER.

BREAKING: California's high-speed rail chief abruptly resigns after investigation found the agency misused nearly $600,000 in taxpayer funds on consultants' travel expenses.

Someone turned the AI CEO drama into a Spanish soap opera!

this California wealth tax thing is just incredible. so in October 2025, a California healthcare union proposed a "one time" 5% tax on any billionaire's wealth. the ballot measure will be voted on next month. In early December 2025, California announced that it would be a retroactive tax if passed, applying to anyone with CA residency as of Jan 1, 2026. The objective is to pay for Medi-Cal, California's incredibly dysfunctional healthcare system. (which also functions as a glorified welfare apparatus, but that's a discussion for another time). polls reveal that the CA electorate is split around 50/50 on the tax, but prediction markets only give Prop 40 a ~23% chance of passing (there are competing measures on the ballet that would nullify it). there are 200 billionaires in CA, worth collectively somewhere between $2.3 and $2.6 trillion. 5% of that is around $100b, accounting for a small amount of attrition. proponents of the tax forecasted a significant windfall, assuming only a 10% departure rate. supporters thought they were being clever with the retroactive concept. no billionares would leave CA in the few short months between the tax being proposed and the residency cutoff date, without the tax even having passed yet, right? well as it turns out, they did. a new paper [1] from two academics at Stanford called "The Net Present Value of the California Billionaire Tax Act", argues that not only did more billionaires leave due to the proposed tax than its proponents expected, but that the value of the tax, if it does pass, is actually negative. proponents of the tax only assumed 10% avoidance, that is, only 10% of the taxable base of targeted billionaires would leave CA within the very short Oct-Dec 2025 window. Jaros and Rauh, the Stanford academics, find that a lower bound of 28.6% of the taxable base managed to leave. just based on known departures, those departures total $577b in net worth, or $28.8b in potential tax lost. this of course does not capture everyone (many left without announcing their departure), so the authors normalize to departure rates estimated from other wealth tax events, and apply other discounts for litigation, arriving arrive at a figure of only $28-$36b in forecasted tax revenues. but this isn't all! all of the income taxes paid by the departed billionaires are also forsaken. the authors estimate that CA billionaires pay $3.3- 5.8b in annual income taxes. they assume a midpoint of $2b lost in annual collections from departed billionaires. the net present value of that lost income stream is -$68.9 billion. so when you add it all up you get: + $30b one-time tax windfall (estimated) - $69b in present value of lost future income taxes = - 38.9b overall net present value of the tax of course, this analysis is highly estimate driven. the authors simulate the parameters 100k times and find a negative NPV of the implemented tax 85 percent of the time. and if the tax doesn't pass, which it's not looking like it will, California still ended up losing at least $577b in departed net worth, and they have permanently poisoned the well with entrepreneurs who will now worry about future wealth taxes. [1]: nber.org/system/files/workin…

my politics are whatever this is

Pro business vs Socialisme.

Where your email finds me.

Turns out the future does have flying cars

Pendant qu’Elon Musk fabrique des voitures volantes pour s’amuser, Emmanuel Macron essaie la nouvelle voiture électrique super moche de Citroën.

🚨 BREAKING: Becerra PULLS OUT of tomorrow's LA Times debate. The move comes after a new poll found CNN debate viewers favored Hilton 74% to 20%. In August, Becerra promised MULTIPLE debates. Now after losing the first, he's back in hiding—taking voters for granted. Pathetic!

Hot news: If you're a qualified purchaser, you can actually buy yourself a Bullfrog, RIGHT NOW, from cuas.mil

Though Musk had no reported prior interest in the aging magazine, Musk acquired total ownership of the company during a sit-down with The Economist's Zanny Beddoes.

Jeff Bezos has been replaced.