The Daily DeX 07/05/2019: Billionaire Philanthropy As Class Warfare

"Several decades of extraordinary innovation have had a hand in creating extraordinary inequality. In the wake of this development, George Soros, the Kochs, and others like them now get to call the shots on how much tax they should pay. This twisted privilege is the result of the political influence of wealth and years of tax cuts and relaxed tax laws allowing money across borders with little to no friction."

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Artificial Intelligence: Oligarchs As Oracles

For Apple, Google, Facebook, and Tesla, the future looks like Apple, Google, Facebook, and Tesla. I’m pretty sure that the future—particularly an AI future—will look nothing like what the tech moguls have already built. They’d be as likely to nail the future of AI as J. D. Rockefeller would be speculating on how to get to the Moon. If this is even sort of true then we should question our expectation that the tech moguls of today know enough to really know whether AI will be beneficial on net or not.