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Joined 2 years ago
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Cake day: July 3rd, 2023

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  • I was looking at the stock performance of Semiconductors today and they’re pretty much all green except for Intel. Why? Because they’ve all announced plans to invest in the US (even though they probably won’t ever make good on their commitments). That buys them an exception to the tariffs. So it’s pretty much a 100% tariff on no major player. Intel was down because Tom Cotton and now Trump are attacking their new CEO Lip Bu Tan who has a long successful track record in the industry but has Chinese investments which they think somehow implicates him or creates a national security risk even though TSMC is ahead of Intel in fab capability. Anyway the point is this is just rhetorical grand standing with no serious impact.















  • It is astounding how many people make tax law social media content without any actual knowledge of how the tax code works. So many influencers think they’ve found a genius tax loophole, as if the professionals who actually wrote the law and fully understand it weren’t smart enough to think of how somebody might try to exploit it, and broadcast their dumb ideas to others who also don’t understand the tax code, peddling advice that will get someone audited and possibly prosecuted for tax evasion.