> They have to pay taxes on the income/realised gains they use to pay the loan back when it matures.
No they don't, they just take out another loan. If you have a billion dollars in assets that increases in value by an average of 10% a year and can borrow money at 6% interest, guess how long you can spend anything up to your entire wealth on credit before the recapitalized loan principal catches up to your assets.
Notably under any sane regime this would only defer taxes until death however in the US we adjust basis at that point. But then inheritance cough sorry "estate" tax kicks in so ... I'm not actually seeing the problem? (I mean I see several problems but not the "avoid paying taxes" one. At least not until we cure aging. The IRS will get its cut of your billions assuming you don't find a creative way to offshore the assets.)
> But then inheritance cough sorry "estate" tax kicks in so ... I'm not actually seeing the problem?
"Estate tax" is basically a tax on people who die before they do "estate planning". It's a sham that generates less than 1% of federal revenue, and most of that not from billionaires but from upper middle class families who didn't realize they would be subject to it or otherwise died without making advance preparations for it.
One of the most common cases it actually gets collected is when someone dies relatively young, because those are the people most likely to have not shielded their assets from it yet, which is one of the reasons "death tax" is a pretty appropriate moniker for it.
It's also one of the reasons that UBI + consumption tax works really well: Put your assets into whatever box you want, transfer them to your kids however you want, you're still paying the consumption tax when you buy something.
This framing is also in the post. From the readme:
> Bonsai itself -- this library -- is actually more generic than the above makes it sound. It allows you to build general-purpose incremental, composable state machines. Bonsai_web builds on top of that core library, specializing it for interactive browser-based UIs, but we also have Bonsai_term for building interactive terminal-based UIs.
> But of course one can then question why are there exactly N different types of fields, with their specific types of interaction (at least in our universe)?
Even that has a (still unsatisfactory) answer.
Poincaré symmetry imposes constraints on the kinds of fields we can have. Gauge symmetry shows us how they may couple.
There are still some arbitrary selections of the possible permutations that nature has “picked”.
Interesting, but (way out of my depth here) why do these symmetries have to exist?
It would be much more satisfying (not that nature exists to be satisfying) if we could explain our universe starting from some universal constraints on things that must be true of any non-random mechanistic universe, plus some set of (< N) non-forced "it must be A or B" additional constraints, then be able to derive everything known about our universe - fields and symmetries etc - (& ideally predict something unknown) as resulting from some particular selection of those additional constraints.
This seems about as close as we could get to explaining our universe... Basically saying that god flipped a coin marked A and B, and it come down A so here we are. Maybe god kept on flipping sets of coins and created a whole bunch of other universes too, whose physics we could also derive.... and maybe one day visit and confirm.
You might not want to visit because it's probable you would explode or have some other horrific death due to incompatibility between your fields and theirs.
See "Schild's Ladder" by Greg Egan: a science experiment creates a bubble of new physics expanding at 0.5 c, and humanity is forced to flee the expansion while some stay right next to the expanding boundary to investigate the inside.
At least in NY State, babies up to 30 days old can be left for care by the state.
> New York State's Abandoned Infant Protection Act allows a parent to abandon a newborn baby up to 30 days of age anonymously and without fear of prosecution, as long as the baby is abandoned in a safe manner.
> A parent is not guilty of a crime if the infant is left with an appropriate person or in a suitable location and the parent promptly notifies an appropriate person of the infant's location. A hospital or a staffed police or fire station are examples of safe and suitable choices.
> A person leaving an infant under this law is not required to give his or her name.
I think every state has a similar type of safe haven law these days. This one for NY first came out the same summer as the story in the article starts. This and similar stories were making a lot of news around the time and people were really interested in trying to help. It doesn't make things perfect, there are e.g. still occasional situations where a person isn't in their own control or in a sane state, but these kinds of changes did help thousands of cases since.
I think a lot of school sex ed programs/health classes have started teaching this to kids as well. Not all of course, as with most things sex ed.
We are, it’s from the conservation of angular momentum. The material that made our planet also had a non-zero angular momentum.
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