Hacker Newsnew | past | comments | ask | show | jobs | submit | bashtoni's commentslogin

There were many companies in the mid 2000s that were viable only because they bought networks at a fraction of the cost spent to build them.

Sounds like a redistribution of wealth from VC-backed companies, to viable businesses. I'm okay with that.

Manhattan sized data center sells to OnlyFans at half-price

You don't think OF has an application for realtime photogrammetry?

Well, combine that with holograms and you have a personalized strip club in your home.

In most states the women aren't allowed to completely strip so it would actually be better than a strip club.

Data centers don't age as well as fibre optic cables.

I wouldn't worry too much, no-one seems to be able to agree what it means anyway.

Depending on who you speak to it can be anything from coding only by describing the general idea of what you want, to just being another term for LLM assisted programming.


Agreed. It's surprising to see this sort of slop on the front page, but perhaps it's still worthwhile as a way to stimulate conversation in the comments here?

I learned quite a few new things from this, I don't really care if OP filtered it through an LLM before publishing it

Same, but, I'm struggling with the idea that even if I learn things I haven't before, at the limit, it'd be annoying if we gave writing like this a free pass continuously - I'd argue filtered might not be the right word - I'd be fine with net reduction. Theres something bad about adding fluff (how many game changers were there?)

An alternative framing I've been thinking about is, there's clearly something bad when you leave in the bits that obviously lower signal to noise ratio for all readers.

Then throw in the account being new, and, well, I hope it's not a harbinger.*

* It is and it's too late.


You can critique the writing without calling into question how it was written. Speculation on the tools used to write it serves no purpose beyond making a, possibly unfounded, value judgement against the writer.

https://hbr.org/2025/08/research-the-hidden-penalty-of-using...


I think this is both valuable, and yet, it is also the key to why the forest will become dark.

I'm not speculating - I have to work with these things so darn much that the tells are blindingly obvious - and the tells are well-known, ex. there's a gent who benchmarks "it's not just x - it's y" shibboleths for different models.

However, in a rigorous sense I am speculating: I cannot possibly know an LLM was used.

Thus, when an LLM is used, I am seeing an increasing fraction of conversation litigating whether is appropriate, whether it matters, if LLMs are good, and since anyone pointing it out could be speculating, now, the reaction hinges on how you initially frame this observation.

Ex. here, I went out of my way to make a neutral-ish comment given an experience I had last week (see other comment by me somewhere down stream)

Lets say I never say LLM, instead, frame it as "Doesn't that just mean it's a convention?" and "How are there so many game-changers?", which is obvious to audience is a consequence of using an LLM, and yet, also looks like you're picking on someone (are either of those bad writing? I only had one teacher who ever would take umbrage at somewhat subtle fluff like this)

Anyways this is all a bunch of belly-aching to an extent, you're right, and its the way to respond. There's a framing where the only real difficulty here is critiquing the writing without looking like you're picking on someone.

EDIT: Well, except for one more thing: what worries me the most when I see someone using the LLM and incapable of noticing tells and incapable of at least noticing the tells are weakening writing is...well, what else did they miss? What else did the LLM write that I have to evaluate for myself? So it's not so much as somewhat-bad writing, 90%+ still, that bothers me: its that idk what's real, and it feels like a waste of time even being offered it to read if I have to check everything.


Critique of the output is fine in my eyes. If you don't enjoy the style, format, choice of words, etc I think that's fair game even if it's superficial/subjective. It often is with art.

Placing a value judgement on someone for how the art was produced is gatekeeping. What if the person is disabled and uses an LLM for accessibility reasons as one does with so many other tools? I dunno, that seems problematic to me but I understand the aversion to the output.

For example maybe it's like criticising Hawking for not changing his monotone voice vs using the talker all together. Perhaps not the best analogy.

The author can still use LLMs to adjust the style according to criticism of the output if they so choose.


No, I think if someone is passing off an LLM's writing as their own they deserve to be shamed mercilessly. Normally I don't comment on a thread after so long (> 24 hours) but your take is just so bad, I couldn't help myself.

You don't know if the author used an LLM, and if they did why they used it. That's the whole point.

Help yourself to learn about how individuals with disabilities use technology to communicate. Shaming someone for using a tool purely based on speculation is problematic for that reason alone


I too find it unreadable, I guess that's the downside of working on this stuff every day, you get to really hate seeing it.

It does tell you that if even 95% of HN can't tell, then 99% of the public can't tell. Which is pretty incredible.


Cheers, it's gotta be the "I see this every day for hours" thing - I have a hard time mentioning it because there's a bunch of people who would like to think they have similar experience and yet don't see the same tells. But for real, I've been on these 8+ hours a day for 2 years now.

And it sounds like you have the same surreal experience as me...it's so blindingly. obvious. that the only odd thing is people not mentioning it.

And the tells are so tough, like, I wanted to a bang a drum over and over again 6 weeks ago about the "It's not X-it's Y" thing, I thought it was a GPT-4.1 tell.

Then I found this under-publicized gent doing God's work: ton of benchmarks, one of them being "Not X, but Y" slop and it turned out there was 40+ models ahead of it, including Gemini (expected, crap machine IMHO), and Claude, and I never would have guessed the Claudes. https://x.com/sam_paech/status/1950343925270794323


Can confirm it's "Not just the GPT's - it's all of the frontier models." who are addicted to that one.

IME the only reliable way around it when using an LLM to create blog-like content is to have actual hard lists of slop to rewrite/avoid. This works pretty well if done if correctly. There's actually not that many patterns (not hundreds, more like dozens) so they're pretty enumerable. On the other hand, you and me would still be able to tell if only rewriting those things.

Overall the number one thing is that the writing is "overly slick". I've seen this expressed in tons of ways but I find slickness to be the most apt description. As if it's a pitch, or a TED presentation script, that has been pored over and perfected until every single word is optimized. Very salesy. In a similar vein, in LLM-written text, everything is given similar importance. Everything is crucial, one of the most powerful X, particularly elegant, and so on.

I find Opus to have the lowest slop ratio, which this benchmark kind of confirms [1], but of course its pricing is a barrier.

[1] https://eqbench.com/creative_writing_longform.html


I have an increasing feeling of doom re: this.

The forest is darkening, and quickly.

Here, I'd hazard that 15% of front page posts in July couldn't pass a "avoids well-known LLM shibboleths" check.

Yesterday night, about 30% of my TikTok for you page was racist and/or homophobic videos generated by Veo 3.

Last year I thought it'd be beaten back by social convention. (i.e. if you could showed it was LLM output, it'd make people look stupid, so there was a disincentive to do this)

The latest round of releases was smart enough, and has diffused enough, that seemingly we have reached a moment where most people don't know the latest round of "tells" and it passes their Turing test., so there's not enough shame attached to prevent it from becoming a substantial portion of content.

I commented something similar re: slop last week, but made the mistake of including a side thing about Markdown-formatting. Got downvoted through the floor and a mod spanking, because people bumrushed to say that was mean, they're a new user so we should be nicer, also the Markdown syntax on HN is hard, also it seems like English is their second language.

And the second half of the article was composed of entirely 4 item lists.


There's just so many tells in this one though and they aren'tn new ones. Like a dozen+, besides just the entire writing style being one, permeating through every word.

I'm also pretty shocked how HNers don't seem to notice or care, IMO it makes it unreadable.

I'd write an article about this but all it'd do is make people avoid just those tells and I'm not sure if that's an improvement.


i am desperately awaiting the butlerian jihad ;_;

When I tried it with the Walthamstow constituency the ID used a , as a date separator instead of a .

Seems odd, but probably wouldn't be noticed by an automated validator anyway.


They're definitely not perfect. I wouldn't want them to be perfect, then they might be used for something nefarious. The mock IDs use fake details and fake faces, and don't even attempt to get the watermarks and machine readable parts right.


The British government closed this loophole because it's politically easier than the strategy which is actually needed: properly taxing assets.

This is much harder to evade - if you own most of Mayfair, you can't just move your assets elsewhere - they are very clearly tied to the location.

Of course, this would mean taxing powerful aristocrats, including the royal family. With their large majority, the British government had the opportunity to do this, but decided to take an easier path. The reason why this path was easier is now becoming clear to them.


As you pay more tax, you get less services, and I dont just mean, where you elect to avoid them. You get less (or none at this point) free childcare. No umemployment benefits if you get fired. No child benefit. You can't save as much in your pension.

Then there are the semi-elective things like healthcare, education, home security. These kinda dont work for the whole society. The rich are thus paying for their own out of pocket. But they are also paying for the semi-working system for everyone else.

I think introducing a wealth tax just to balance the books without rethinking who and how accesses public funds, will just end with the rich leaving. Some may say good riddance, but the UK budget is now beyond creaking and heading for collapse.

Oh and when I say "the rich", that probably covers many people here. IIRC earning 90k per year puts you in the top 1%. A 10-15 year experience NHS doctor is in that bracket.


People earning 90k aren’t “the rich” that are doing the most egregious tax avoidance. They’re still working class. They still have to work or face destitution.

The very top sliver who own the majority of the land and assets and who never need to work a day in their life are who must be looked at; that hereditary wealth needs to begin to find itself flowing into public services more and more.


They are, I fear, the ones that pay this tax. The actual millionaires will surely figure out how to avoid it, just as they did with all the other ones.


Of course this will be an unpopular comment, but when it comes to things like this .. have you ever simply looked up the total net worth of all billionaires in the UK, and divided it by the total number of people living in the UK? Like .. you need to do one single division between two numbers to prove that your idea of just "seizing and redistributing the rich people's wealth" will accomplish nothing you think it will. A single division is all it takes.


At no point did I say “just”. You’re making a strawman.


Really? Because 50% of the UK wealth is in the hands of billionaires. So everyone in the country would suddenly be twice as wealthy (excluding the billionaires of course).

Perhaps you should check the facts before making statements like that!


In the times of AI it's really easy to verify the question above. I had literally just copied it to the chat and made a research (also asked to cite and manually verified the links).

So it says there are 57 billionaires in UK with total worth of £182 billion. Non-billionaire wealth is £10.13 trillion, btw, so it's definitively not 50%. UK population is 68.3 million people. So everyone gets their £11,311 and that's it.

UPDATE there are £772.8 billions if you include non-UK citizens, but happen to live here. If you seize their money as well that will give you the total of £11K


It’s a straw man cause you don’t have a windfall redistribution as only option


millionaires looking at billionaires: "really, I'm not that rich, more middle class really"


90k / year is not a millionaire, if it's pre-tax. With 35% tax (picked a random reasonable sounding number), it would take 17years to earn a million if you have 0 expenses.


> IIRC earning 90k per year puts you in the top 1%.

According to the public data for 2023-2024, top 1% is around £180-200k, so you're off by quite a bit. £90k is around 5-6%. This is gross, not net.

In the U.S., the top 1% is around $570-600k according to 2024 census numbers.


Fine. I'll take top 5%.

In the mind of probably at least 75% electorate, the top 5% are filthy rich who should make up any tax shortfall. But also 90k puts you, I believe, out of reach of all the services I listed above.

I'm all for paying tax, and even more tax if need be, where I get equal access to services. But not when I'm literally excluded for paying more tax.

Interestingly, according to an FT article, high earners in the UK pay comparable amounts of tax as they would on the "high tax" continent. It is the low earners who oay substantially less, bringing down the effective average. But they in turn pay outsized housing rent, so arent better off either.


Renting doesn’t go to government but to landlords and aristocracy


To maybe explain the confusion, there’s a difference between national and global. I bet it is true that if you earn 90k/year in the UK then you are in the global 1%, but that is different from what most people in the UK mean when they talk about “the 1%”.


The rich benefit most from a stable society and the rule of law though.

No point owning most of Mayfair if you don't feel safe enough to enjoy your lifestyle.

And it's not just funding the police and courts that leads to this - it's making sure there aren't too many desperate people with no hope. ie paying unemployment benefit so people can live while looking for work - is all part of that stable society from which everyone benefits - but particularly the rich as they have more to lose.


It's why some much money ( doubious sources or clean ) ends up in places like London.

Often it's looted ( or comes from exploitation ) from unstable countries where the weak rule of law has allowed the looting ( corruption or whatever ), and then moved to London to ensure nobody can then steal it back directly or via political revolution.

Taxes are the price of civilisation - if you want the good life - you have to help support civilisation - not free load.


The rich generally derive their wealth from the labours of a healthy and educated population. In most Western countries, these are proceeded at least in part paid by taxes and amount to a massive subsidy to those who need labour. Arguably this includes the "free childcare" mentioned above.


“As you pay more tax, you get less services”

This is a lie. In US, most food our rules, legal system, government agencies (that are not direct transfers like doc security & Medicare) exist to protect properties and interest of the rich.

That higher income people are not seeing much of direct transfers does not mean they are not getting more benefits from the government. Even our bloated military and foreign policy is primarily still protecting US business interests globally. It’s not minimum wage peon that benefits from that. It’s owners of large capital


> This is a lie. [Followed by nonsense about other countries, rather than the UK]

I earn over £90k in the UK. It is very much true, a lot of things are "means tested".


Yes. Progressive taxation. That's the point. Tax those who can afford it, fund equal opportunity and a basic standard of living for those who can't. Pull society up from the bottom.

As much as one can complain about specific inefficiencies or not being able to send young Jasper and Tabitha to private school because of VAT and tapered tax relief, I do think we don't take it far enough.

The reason it not working is that we have stapled our personal wealth and economy to housing. 60 years of financiers pushing for higher lending limits with looser regulation resulted in more people able to "afford" a £1m house. That drags up all the prices.

There's no simple way to reverse it this distortion but it had a knock on effect: the generationally rich, the landed gentry through to farmers have become insanely rich, through no work but HODLling all the land until they got planning permission.

I agree, wealth tax is scary but not addressing how wealth works won't fix things either.


For now only earnings are taxed.

Earn £300k a year, you pay 65% on more than half of it, and obviously 45, 40, and so on of the first half of it)

Get £3 million from the stocks? You pay 20% (above £50k threshold)

People are obsessed with workers paying all their taxes and letting off the wealthy avoiding the most.


The royal family is exempt from a lot of tax laws.

There was a bit of a scandal a few years back at just how much input the Queen got to those sort of laws, but it didn't really have legs as everyone thought she was brilliant.

But if the same thing comes out about King Charles you can bet it's going to be a bigger stink.


Genuine question as I’ve been interested in the conversation around taxing wealth: how do we do it?

I assume a new government dept. has to be set up to oversee it. Or do the wealthy self assess? Are things like shares and investments valued once? Once per year? How is a company valued? How do you know if you qualify as wealthy? Do we value everyone’s wealth? Can’t the wealthy just relocate or move assets out of reach?

I don’t expect answers to this, I’m just thinking out loud as there seem to be a lot of challenges.

A few countries seem to have tried and continued to tax wealth but it seems far from proven and only seems to “work” in Switzerland, which is a bit of an outlier


Switzerland does it and my understand is they basically just ask you to fill in a tax return every year and say how much wealth you have (all the assets you own).

Presumably they do have a department of people checking this to make sure people aren't lying, but also Switzerland is a relatively high trust society, and taxes are reasonable, so people probably don't mind paying too much.

In the UK in 2025 I'm not sure this would work, people would try and evade it and the UK government isn't competent enough to stop them


I think by "asset" OP actually means "real property", otherwise the subsequent statement of "if you own most of Mayfair, you can't just move your assets elsewhere - they are very clearly tied to the location" doesn't really make sense. You could easily move corporations around, for instance, so the statement is only really true when applied to real estate.


This isn't limited to property.

Britain could just as easily tax profits on the sale of shares in British companies, regardless of the country of domicile of the company or individual that sold the shares.

We don't need wealth taxes, we just need parity between tax on earned and unearned income.


My answer to this (good) question is: do whatever banks do to value illiquid assets when they lend against them (this is how the wealthy largely have cash at all), then levy taxes accordingly. Hell if you want, add the taxes to the interest rate.


I think The Netherlands has it running quite OK.

You don’t need new govt. dept. tax authority is enough. You do your yearly tax statement.

In NL they have access to your bank accounts or more like banks and brokers are obliged to provide state of accounts as per 1st of January.

Downside is you pay wealth tax on „possible gains” not actual gains on wealth above 40k€. If you have mortgage it of course is deducted from value of your house or any debts that you have documented.

In case you think collecting watches can make you hide the wealth, there are of course tax authority checks most likely if your wealth suddenly changes.


The Netherlands is an accountant's wet dream. Everyone with assets here has a personal double-layered corporate structure where the assets are held by the one company, but they're nominally employed by the second one. Even cars for every-day use can be business-owned and then leased back to yourself. And the corporate tax rate is nowhere near the personal wealth tax, people here don't even bother with registering their assets in foreign holdings.


Just tax land and you'll get 80/20


I don’t think the wealth taxes, fundamentally workable because you have issues you raised above, but other things like liquidity and indivisibility of assets.

I think the simpler solution if simply passing along the original cost basis to heirs (and without documentation it’s assumed to be zero). That way people or even families can defer taxes on income, but eventually they get paid.


That Socialist hotspot, Texas, taxes property at 1.8%, vs. 0% in the UK. Can't inconvenience the feudal aristocracy (i.e. parasites descended from thugs), starting with Chuck von Battenberg, Sachsen, Coburg und Gotha.


The UK has council tax, which is quite similar to a property tax


It's capped. The Duke of Westminster is not paying 1.8% on his substantial feudal holdings in London.


Yeah but they have No Income tax right?


No, Texas residents pay income tax to the federal government. On a state level, yes, there is no income tax.

However, the tax burden in Texas is not significantly lower than a state like California.


Wait are you suggesting that we tax assets instead of income?


There's been a big shift of rich people avoiding taking pay or dividends. Instead they get paid in stock, and then get interest free loans secured on that stock to actually spend money.

It's a loophole the mega-rich are using to avoid tax.

The other thing that's happened is that a lot of the mega-rich have lobbied to gradually chip away at inheritance taxes. So again they just pass the asset, paying a fraction of the taxes they'd have paid had they been a "normal" tax payer.

And one of the big things they've got? No capital gains on those stocks when passed to children.

So yeah, we need to tax assets as well as income. Because anything that's not taxed the rich just funnel money into it to avoid paying tax.


Not just rich people. Here in estonia small startups like mine pay minimum tax, and reinvest the rest in company.

> There's been a big shift of rich people avoiding taking pay or dividends. Instead they get paid in stock, and then get interest free loans secured on that stock to actually spend money.

They have a stockholding in a firm, and the firm pays CIT on income earned. That sounds fair.

> The other thing that's happened is that a lot of the mega-rich have lobbied to gradually chip away at inheritance taxes. So again they just pass the asset, paying a fraction of the taxes they'd have paid had they been a "normal" tax payer.

Why should my kids be liable to pay a tax when they inherit my house? That house was bought by my income on which PIT was duty fully paid. Again sounds very fair to me.

> And one of the big things they've got? No capital gains on those stocks when passed to children.

Again sounds fair to me.


The heart of this is what you think tax is.

If you just think it's the government stealing your stuff, then it seems very unfair to have your stuff taxed after you die.

But what tax is, under another lens, is a way to divert the capacity of a state to social ends. Everything from the military to the police to prisons and the justice system is what enables you to live in peace and accumulate stuff in the first place. Those are social goods.

So how do you fund this spending? How do you incentivize other people to protect your house? Well, the solution of tax is they take a little bit of your stuff over time, in a predictable way, according to rules that are pre-agreed and can be changed with consensus.


The really tricky part is that both aspects of taxes are true.


The really really tricky part is when taxes are used to penalize you - for instance used to fund agencies that even actively harass you (ICE recently).

Or go to fund programs that only your political opponents benefit from.

Also, anyone living in the bay area can attest how terrible the roads are for how much tax money clearly gets spent on them.


I think taxing assets is a horrible idea, but the simple solution to all of this is simply not having any step up in basis when assets are transferred to heirs - that way the tax eventually gets paid even if it’s deferred.


The underlying problem is the UK is reverting back to a system where you have property and can then therefore build wealth, or you don't have property, and somewhere to live costs over 50% of your net income.

This isn't to say taxing wealth is actually the solution, but it's the catch all that people like to scream about.

30% of pensioners are millionaires in the UK, and they recieve a state pension. Fixing that would probably immediately turn a massive budget surplus ( albeit a nasty suprise for financial planning ).

However, suddenly if you find pensioners releasing funds from their property, you affect what's going to be inherited and that's a no go area. There's no real concept of fairness in the debate, just the politics of it all.


An issue with this is that even if pensioners are millionaires and getting state pension, they’re definitely the right people to trickle it down to where it’s most needed.

I think “30% of pensioners are millionaires” is also a bit moot given the majority of those are living in properties that they didn’t buy for millions and have lived in while house prices have gone up. My parents for example are probably close to your millionaire threshold and it seems unfair that they’d have to sell their home they’ve lived in for decades and want to continue living in just because the housing market has pushed its value past the point where it seems like it should be taxed. They’d have to sell it just to pay that tax and move somewhere smaller, which seems unfair to force on people approaching 80yo.


It's a complicated subject.

Like you're talking about fairness, but you're also arguing that other people should pay taxes to give your parents money, in order for them to keep their property, whilst many of those paying their taxes, will never get on the ladder, and if they do, will never afford such a lovely house.

Where's the fairness in that?

Further, most folks are aware of equity release and your parents could borrow against the house and not move. The main outcome is you wouldn't get it. Now I've bought such a house but I didn't get it from my parents, I got it by earning the money which I've paid income tax on, so it's literally required 2-3x in earnings to get there.

What's fair in that?

For the record, I have a kid in private school and will try my best to pass on as much as possible, so I totally get both your parents and your own position. I'm just poking fun on "fairness" because fairness in politics never seems to consider the person the money comes from and when you consider all angles, it's rarely fair.


You realize both the US and Uk’s national pension schemes are very progressive (low earners revive a larger share of their contributions than high earners and I don’t think anyone really gets back what they put in adjusting for longevity


It's not a revolutionary idea. That I know of, the Netherlands does it, somewhat. How it works is: rather than taxing capital gains, with its myriad loopholes and counterloopholes, you tax assets directly: assume a neutral sort of "risk-free" rate of return, and then tax a percentage of that. E.g. assume yearly return of 1% on cash and savings, 6% on other assets, etc, then levy tax of 30% on that (past a tax-free allowance of 25k€ per person).

Simple, and more effective!


Americans become idiots when it comes to tax, unable to understand even the simplest concepts or fathom that things might have been possibly implemented elsewhere.

Hell even Switzerland taxes global assets. You just declare your stocks, property, etc at some instantaneous value and that’s that. Capital gains aren’t taxed.

The system is easy to cheat and until recently it was possible for HNW people to get a bespoke deal when moving there. But the tax rate is low enough and the risk is high enough that it’s more beneficial to just pay.


I would consider it very destabilizing idea and an affront to fairness really.

As an example, Wouldn't that mean that if my startup raises a round of 1m for 10%, my NW would go to 0 to 9m. 6% of that would be around 0.5m, and 30% tax would mean I would have to pay 162,000 EUR in taxes.

As a cash poor founder how do you suggest I pay that.

That's why taxing income and not wealth has been the norm.


I think you missed the part that this was in Europe, no need to worry about startups


Have you considered taking a measly 20 seconds out of your day—surely a fraction of the time you took to type this comment—to google this information?

Another point: have you considered that the authorities and people of the Netherlands, a very rich country with several valuable companies, may have possibly thought of this absolutely trivial argument when designing their tax code? Do you really think nobody thought of it?

Jesus

---

To your point: stakes in your _own_ company are not taxed as assets, but as income, precisely to avoid the ridiculous situation you point out.

Simply put: your retirement savings, your brokerage account = assets, your startup, your company, your farm = income.


> To your point: stakes in your _own_ company are not taxed as assets, but as income, precisely to avoid the ridiculous situation you point out.

Enlightening, so you mean this policy isn't for the so called "1%"? Only for middle class folks and their stock portfolios? That's not what the GP was proposing.

> Another point: have you considered that the authorities and people of the Netherlands, a very rich country with several valuable companies, may have possibly thought of this absolutely trivial argument when designing their tax code? Do you really think nobody thought of it?

Yes, because I can point to an even richer country, with even more valuable companies where the left proposed same destructive policy only a few months ago and almost came close to winning.

Lastly, you did make me look it up and it seems Netherlands and other European countries really didn't think it through.

https://www.leideninternationalcentre.nl/get-advice/blogs/su...

https://www.linkedin.com/posts/jasoncalacanis_norways-wealth...


> so you mean this policy isn't for the so called "1%"? Only for middle class folks and their stock portfolios?

What do you mean? This is a proportional tax (slightly progressive actually due to the 0% rate on the first bracket). It's for everyone with such assets.

> where the left proposed same destructive policy only a few months ago and almost came close to winning.

If you think either of the major parties in the USA can be in any way described as "left" then this is not a serious conversation.


> the wealth tax was based on assumed returns rather than actual returns

That does sound poorly thought thru. Why not just calculate it instead of "assumed returns"? Seems unfair on its face and bound to go wrong.


Not to mention no one would pay you $9m for your stake and for you to walk away…


Yep - Cayman Islands, Isle of Man, Channel Islands, British Virgin Islands etc etc.

It's these that need to be tackled - not just because of tax evasion, but because they are also a large part of the workings of organised crime.


The real solution to the UK’s stagnation is accepting the truly politically difficult truth - the UK is getting poorer, year after year. The empire is long dead and gone, and their number 1 growth company and success story of the last decade is OnlyFans, a global smut purveyor.

The UK needs to radically reduce its social safety net and simultaneously cut taxes, at least for new companies and small businesses. The only way out is real, sustained, long term growth and innovation. Stealing ever more of a shrinking pie is already running out of steam.


Privatisation and attacking social security does not work, it just makes the wealthy even wealthier.

Not the solution is fair taxation every trade made in the country, if you make business in a country you need pay taxes there for the transactiona made there.

Otherwise you just extract value out of the country, without giving back.

To me there is no worse thievery than tax evasion, it's literally robing a nation.


The US continues to be a magnet for entrepreneurs around the world. We just increased the max amount for 0% tax rate for successful startup investments to $15 million in profit (lookup up QSBS expansion). Our pie is so incredibly large, and growing, that we can tax a small percent of income to provide a very large safety net.

This takes a long time to get - you have to sacrifice now to get the future growth


Why do so many people think that cutting social safety nets is a cheat code?

With the exception of certain pension benefits there isn't much money flowing into these programs to begin with.


Its so stupid.

There are loads of people not participating in the economy because they do t have money, just give them money to spend.

The multiplier effect means it pays for itself.

Doesn't apply to the super rich where the money is just hoarded.


This is an ignorant and totally misinformed take on how the economy functions. Giving people money will not create a sustainable economy


> Why do so many people think that cutting social safety nets is a cheat code?

The people who don't (currently) need them see them as a waste.


If the state only paid for defense and the justice system, there would be very little reason to tax!


Just a fully militarised state, a la starship troupers.


> The UK needs to radically reduce its social safety net and simultaneously cut taxes, at least for new companies and small businesses. The only way out is real, sustained, long term growth and innovation. Stealing ever more of a shrinking pie is already running out of steam.

I was under the impression they had done that already.

https://en.wikipedia.org/wiki/United_Kingdom_government_aust...

Though one can't help but think it wont be radical enough for conservatives until we simply dispose of those unable to work through some dystopic mechanism or other.


This was a long time ago. Since then we've been running full speed in the opposite direction.


(from the linked Wikipedia article)

> Coalition and Conservative governments in office from 2010 to 2019 used the term, and it was applied again by many observers to describe Conservative Party policies from 2021 to 2024, during the cost of living crisis.

2024, last year, is "a long time ago"?


People use terms, they're often wrong. The last few years since 2019 we've been breaking ever greater records on state spending and borrowing, this is not austerity.


Oh wow I had no idea OnlyFans is from UK. Always thought it was US.

>The UK needs to radically reduce its social safety net and simultaneously cut taxes

Unfortunately that is not a popular opinion in the UK. They want to tax everything, taxing the rich is popular among voters which is why they are doing it. And again the consequence have long been known or told. They are doing it anyway.

Most of the street in London is empty. UK is either number 1 or number 2 in millionaires fleeing the country after China. Property pricing are falling somewhat not because of more supply but because those asset are being sold as part of those moving abroad.


> Most of the street in London is empty.

I live there and this is just wrong.


"Most" isn't an accurate description. But there are lots more vacancy in central London than it used to be.


Sadly, I think we all know the answer - because laws don't apply to large corporations or wealthy, powerful individuals in the same way they apply to the rest of us.


This is a good read that is a great starting point for thinking about this. It essentially takes the extreme position - SaaS no longer needs a UI, because the LLM is the UI.

In reality, as always, I suspect the truth will be somewhere in between. SaaS products that succeed will be those that have a good UI _and_ and good API that LLMs can use.

An LLM is not always the best interface, particularly for data access. For most people, clicking a few times in the right places is preferable to having to type out (or even speak aloud) "Show me all the calls I did today", waiting for the result, having to follow up with "include the time per call and the expected deal value", etc etc.

There is undoubtedly an opportunity for disruption here, but I think an LLM only SaaS platform is going to be a very tough sell for at least the next decade.


Yep, it's funny how one of the key factors that limits LLM usage is just the typing speed of users.

I agree that the amount of bespoke UI that needs to exist probably won't stagnate. Humans need about the same amount of visual information to verify a task was done correctly as they need to do the task.

LLM generated UI is an interesting field. Sure, you can get ChatGPT to generate schema to lay out some buttons. But it seems harder to identify the context and relevant information that must be displayed for the human to be a valuable/necessary asset in the process.


I agree with you - also because most of the activities described in the post can be turned around where the SaaS wraps a LLM around specific tasks to augment data (e.g. call transcription, summarisation and preparation for the next meeting).

As an industry, we have been through a textual user interface already: terminals, and we moved away from that.

And voice UIs are not new either: we have had voice assistant for quite some time now, and they didn't see the success Apple, Google or Amazon were expecting (recently it came out that most of echo use cases were about setting timers).


Also— for B2B SaaS, a big component of what is being sold is not the product, but support. No matter how modern or antiquated the tech is, many B2B companies don’t actually care about the experience per-se; they care about compliance, security, data integrity, and ongoing support. That’s essentially Oracle’s entire playbook!

How do LLM SaaS replacements solve that?


The position is more extreme than that. It’s your SaaS without its UI is nothing more than a database.

> The underlying SaaS platform is reduced to a “database” or “utility” that an agent can switch out if needed.

I agree that UI isn’t going away completely. Language is a slow and imprecise tool. A well developed UI can be much more efficient. I think it will be much more like the Star Trek universe, where we use a blend of the two.

In any case, if the AI agent can generate UI on the fly, it seems their point still stands?


Oh yeah I can't wait for the AI to layout the UI in an arbitrary fashion, put buttons wherever the hell it feels like it (even in a place you can neither see nor click on.). Yes please, also I would like to automate the customer service for said product so it can be a complete black box of uselessness.


Claude will also often refer to itself as ChatGPT. This is not a 'China' problem.


Jesus Christ people!

If you stole my wallet because someone else stole your wallet it DOSE NOT MAKE IT OK.

Stealing is stealing. Stop excusing it.


Your analogy is not correct, since you were the one who stole the wallet in the first place.

The correct analogy would be, someone took the wallet you stole and gave it back to the person.


If you do the same thing with Claude, it will tell you it's ChatGPT. The models are all being trained on each other's output, giving them a bit of an identity crisis.


I suspect this is a very common experience.

I don't think that 'crushing tickets' is a good metric of developer competency, but it's a very visible metric regardless and is therefore probably a good way to progress in many organisations.


But only to a mid level developer.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: