On Sun, May 31, 2026 at 3:35 PM Matt Mahoney <[email protected]>
wrote:

> Every country effectively taxes wealth by printing money.
>

Every country effectively taxes MONEY by printing money.

See Property Money
<https://jimbowery.blogspot.com/2020/01/property-money.html> for the
distinction that virtually all monetary theory obscures.



> 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
>

A far more fundamental reason that China is winning the AI race is the
West's failure to capitalize on its primary strength: Individuality -- and
that was my point in 1992 which I refined in Property Money when I foresaw
the covid pandemic would unleash a monetary crisis.



>
> -- 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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