Every country effectively taxes wealth by printing money. But my point is
that China is winning the AI race thanks to foreign policy blunders by both
Biden and Trump.

https://www.tomshardware.com/tech-industry/huawei-chairman-thanks-the-us-for-supercharging-chinas-semiconductor-industry-washingtons-export-controls-encouraged-chinese-firms-to-invest-in-r-and-d-and-build-their-own-tech-stack-competing-with-american-technologies

-- Matt Mahoney, [email protected]

On Sat, May 30, 2026, 10:47 PM James Bowery <[email protected]> wrote:

> Circa 2000 I told a kid that the future looked bright for protecting
> enormous concentrations of wealth caused by subsidizing wealth through
> revenue raised by taxing income.
>
> He's now worth 9 figures.
>
> https://substack.com/@jabowery/note/c-267752636
>
> Of course, I also told him that there would come a time when all of that
> could collapse.
>
> https://ota.polyonymo.us/others-papers/NetAssetTax_Bowery.txt
>
> Let's hope it does before it's too late for all of us.
>
> On Sat, May 30, 2026 at 9:01 PM Matt Mahoney <[email protected]>
> wrote:
>
>> The future of warfare is AI. I have posted earlier that China is building
>> an army of robots. The Ukraine war has already proved that manned planes,
>> ships, and tanks are obsolete.
>>
>> https://www.scmp.com/news/china/science/article/3355232/chinese-scientists-create-kill-them-all-algorithm-drone-warfare
>>
>> -- Matt Mahoney, [email protected]
>>
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