@paulg profile picture
Paul Graham @paulg
Joined August 2010
  • Posts 53,575
  • Following 795
  • Followers 3,877,185
1,914 Photos and videos
Paul Graham reposted
Frank Smith @frank_smith1111
9h
9 out of 12 industrialized countries who tried a wealth tax ended up repealing it, per the NYT. That includes France, the country the proponents of the California wealth tax come from. The reason is quite simple. Billionaires just move to a different state or country and all that remains is a hollowed out tax base. This appears to have already at least in part happened in California. What more proof do you need? This is a catastrophic tax for the state of California. Whether you are a conservative pr a liberal, you should reject it. Plain and simple.
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Paul Graham reposted
Shashank Joshi
 @shashj
3h
A nice chart.
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Chris Christie tears into Trump’s unprecedented grifting: “He and his family believe they are entitled to this… This is Putin-esque type of corruption and self-enrichment.”
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Looks legit.
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Paul Graham reposted
Eric Topol
 @EricTopol
22h
For treatment and outcomes for cancer, the tumor microenvironment (TME) is pivotal, but we've never had a non-invasive way to assess it. Until now, a blood test breakthrough! (<-a term I use sparingly) Pictured below, schematically, the TME surrounds the cancer cells and consists of immune cells, blood vessel (endothelial) cells, fibroblasts and matrix
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"No one can beat death. The best you can hope for is a tie after extra time." — Jan Houtema
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There is an interesting implicit claim here: that mobile and internet revenues grew at the same rate. It would be interesting to know if that is in fact true.
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AI companies are making a lot of money. Apparently the revenues from this wave of technology are growing "roughly three times more rapidly than the mobile or Internet waves."
Azeem Azhar
 @azeem
Jun 25
The GenAI economy has generated $110 billion in sales over the past 12 months. It is growing fast. On an annualized basis, the revenue run rate exceeds $175 billion. These numbers took us several months to construct, and as far as we know, it’s the first bottom-up, deduplicated measure of consumer and enterprise AI spending across the full stack. We are releasing this research today in our first The State of the AI Economy report. intelligence.exponentialview…
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Paul Graham reposted
Sasha Gusev
 @SashaGusevPosts
Jul 5
Some fun charts: 1. Each US generation is wealthier than the last.
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Paul Graham reposted
Jared Friedman
 @snowmaker
Jul 4
One of the great chapters in America's history is how we converted our economy to wartime production in the 1940s and used our industrial power to win WWII. I'd learned in high school that we converted car factories into tank factories. But I never knew the full story until last month, when I read Freedom's Forge, the definitive book on this. It turns out the true story is even crazier and more impressive. In honor of July 4th, here's the story of how America won WWII, one factory at a time.
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Man do I want Paraguay to lose. Not just because they deserve to, but because I don't want to have to watch any more of them.
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Paul Graham reposted
Jon Erlichman
 @JonErlichman
Jul 4
Jeff Bezos on why the United States has more entrepreneurial success than other countries:
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Paul Graham reposted
John Kraus
 @johnkrausphotos
Jul 4
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Paul Graham reposted
Blake Scholl 🛫
 @bscholl
Jul 4
Flying Overture will be nicer than flying domestic first class—at 2x speed. We have ~60 seats in a bigger space than Concorde had 100. Plus taller ceilings, a boarding door 10" taller (1" taller than a 737). There will be a version with flatbeds for extra long flights too.
Richard Mccrary🇺🇲
 @RichardMccrar20
Jul 3
Please tell me your cabin will be more roomy than the Concorde. Yes, it was fast, but not comfortable.
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Paul Graham reposted
BladeoftheSun
 @BladeoftheS
Jul 3
Gary Lineker on Gaza, "It's the worst thing I have seen in my lifetime. Constant images day in, day out of children losing their lives." "But the minute you raise your voice against it you get accused of being a supporter of Hamas."
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The problem with black dials: less light bouncing up off the dial makes the crystal seem more reflective. It's like the way windows in a house, from the inside, seem more reflective at night.
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A friend came over to look at some old watches. But he showed up at the worst possible time: 2:11.
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Paul Graham reposted
Marjorie Taylor Greene 🇺🇸
 @mtgreenee
Jul 3
This is the most horrific thing happening in our lifetimes and America is complicit and does nothing to stop it. Even worse, we fund it.
Israel Exposed
 @xIsraelExposedx
Jul 2
It took a little longer than expected, but we have created a website for people to view the footage collected from Gaza in one place. You no longer have to download the entire archives to see them. It includes: 64,537 videos 17,905 photos Ability to download individual videos Searchable index Exhaustive sources list (300 journalists) Geolocation data Livemap with minute to minute updates Victim list It can be accessed here: ArchiveGenocide.com Please share & quote tweet to help this post break out of the twitter algorithm prison. We will keep adding the rest of the archives to the site, be patient- it is difficult work. Continue to seed the torrents provided, as that is the best way to ensure the footage remains stored in decentalized way. God bless all those who sacrificed their lives to get this footage out, and everyone invovled in collecting/archiving it. Join our telegram: t.me/ p_Ufon9FBOY0Y2Q0 Follow our backup accounts: @ZionismExposedx & @IsraelExposedAr
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So high valuations can be a problem, definitely. But the startups that matter most for economic growth (and investors' returns) are exactly the ones that high valuations are least likely to damage.
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It's certainly true that a startup can be damaged by raising too much and/or at too high a valuation. Raising too much makes you spend too much. And a high valuation increases the chance of a catastrophic down round later on.
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