Back to episode — Episode 2799 CWSA 04/04/25
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of the day. The thing that makes everything better. It's called, that's right, the simultaneous sip. And it happens now. So good. Well, I guess it's going to be up to me to explain tariffs and everything else because it's all terribly complicated. But first, let's see if there's any science that didn't need to be done. Oh, here we go. According to PediPixel, which sounds like a weird name, Matt…
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So I don't think AI will ever produce any art that anybody cares about. That's what I think. But it might be the end of drawing. I was doing some drawing yesterday for my job and I realized that a child born today will never even learn to draw because it wouldn't have any utility. They'll just learn to use AI to make images. Why would you learn to draw if you were a child born today? No real reason. I'm almost wondering if children born today will learn to write because you could just talk to the computer and it'll write it perfectly for you. At what point is it just useless to learn how to do it yourself? I don't know. We're getting close.
All right. Apparently, according to Zero Hedge, Republicans, the Trump administration, are looking at raising a new, well, creating a new tax bracket for those earning over a million dollars a year. Does that sound like something that Trump would be okay with? It doesn't to me. I suppose it would be popular or help him sell the tax package if he does it, but not a big fan. Not a big fan of that.
If you had any idea what the tax burden is for people who make over a million dollars a year and let's say they don't have any fancy ways to hide it, they're not in real estate or they don't own a gigantic company with lots of ways to hide your taxable income. If you're just making a lot of money because you're a surgeon or something, the tax burden is insane. It's insane. And then when you die, the government takes 40% of what's left. There's really no hope.
Well, let me put it another way. If you were so good at your job that you made a million dollars a year every year that you worked and then you retired, you would not be leaving your children much of anything at all because what it would cost you to live would be about the same. Your taxes would take most of it and then your estate tax would take 40% of what's left and then if you had three kids and you divided by three, not much left. So really the government in its current form has made it kind of impossible to build wealth in a realistic way, you know, unless you're just killing it and then you can do it. But you'd have to get so lucky. But people who are making a million dollars a year, just like clearing a million dollars a year, they're not creating a dynasty. That's just living a pretty good life while you're alive. Pretty good life.
Well, meanwhile, Klaus Schwab is stepping down for the World Economic Forum. We knew this was coming. But is it my imagination or did the people who were quite worried that the World Economic Forum was going to be like a shadow government and really running the whole world and all that, did we just stop thinking and talking about it? Because I never bought into that, you know, I was just sort of observing it from the outside. But to me, it just looked like what Elon Musk said once, a rich people's club. And they had some preferences, you know, they wanted some climate change and maybe they wanted you to eat bugs and not own as many things and, you know, rent them instead. But did any of it make any difference? I don't know. It doesn't seem like it really did.
And now that Klaus is gone, you wonder if all the Klaus clo
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ut will be gone. So but I also wonder did we think that the WEF, World Economic Forum, was the shadow government until DOGE discovered that USAID was a shadow government at least for the United States and for a lot of countries it affected. So maybe we just like having the idea there's a shadow government, but as soon as you see that what USAID was doing, that looks like the real one and then the…
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