Yep. WA too. Also CA has for a long time had an income tax. If that constituted this massive disincentive, then how is that SV and CA have continued to grow faster than many other states that have no income tax?

inequality.org/article/mill...

The hyperscalers at least have very healthy balance sheets and FCF. The neoclouds are entirely and massively debt financed while selling the majority of their capacity to the hyperscalers. I’d like to see those deal terms 👀

I don’t disagree we would better off with an income tax but for clarity the WA cap is on yearly increases in property tax. Lots of people in WA clearly pay more than 1% in property tax.

Depends on how/what you are counting as AI clusters are made up of more than just Nvidia GB200. You also need networking, RAM (often a third of the EE BOM) etc.

In case you haven’t seen this study that shows no correlation between higher taxes on high income earners and wealthy people leaving due to higher taxes. ips-dc.org/report-wealt...

Putting aside reasons one might want to ditch US cloud services, one important aspect you don’t get into is security. For example with Apple/iCloud advanced data protection, Apple does not have keys to your encrypted content stored in iCloud. Thus they cannot hand over your data in clear text.

Thanks for confirming. FWIW The first link I posted contradicts that thus my question

Is the Fauntleroy-Vashon schedule for tomorrow (July 4) the weekend schedule as it says here wsdot.com/ferries/sche...?

Or is it the special 7/4 schedule on this page

wsdot.com/ferries/sche...

The problem is most CEOs of large companies are more likely to go for cost savings (cut jobs) vs investment in new projects/features (my 5x engineers can work on new things) because the latter is more speculative. Stock is more likely to go up for the former vs latter.

If you are a CEO of a sw company and your engineers became 5x as productive thru AI, one other path is to pursue product/features you couldn’t before this boost in productivity (jevons paradox for labor). To be clear, I’m more inclined to believe your scenario (loss of jobs).

From Microsoft’s sustainability 2025 report

Thanks for writing this. In addition to their scope 2 emissions, their scope 3 emissions does not get talked about a lot and it represents well over 90% of the total emissions.

FIFA showing their true colors: www.bbc.com/sport/footba...

This tournament is just another meaningless sham by FIFA, all in the name of making more $ by having players play more games (more injuries). I hope they lose a lot of money.

BUT HERE IS THE THING

Per JCT, Congress' official scorekeeper, the bottom 20% of households - tens of millions of Americans - will see a TAX INCREASE beginning in 2029.

Republicans are cutting taxes for billionaires AND RAISING TAXES ON WORKING PEOPLE

In fact, once you incorporate the effects of the estate tax [via CBPP's @brendanvduke.bsky.social] - a tax that will cost $212 BILLION and literally only benefits a small number of estates worth a minimum of $14 million - the benefits are massively skewed towards the wealthy in tax year 2027: