David Emanuel retweeted
The last time a new machine threatened a third of American jobs, we reinvented how we educated our kids.
That bet sparked an epic 100-year run.
It is time to make it again.
Joe Liemandt of Alpha School on why AI is today's 1910 tractor moment, and why parents once again have to rethink their kids' future:
"In 1910, 90% of America had an 8th grade education. There were basically no high schools. And over 30% of America is a farmer. So everybody's on the farm, 8th grade was enough."
"Then in 1910, the Case tractor rolled up on the American farm. You can go look at the ads, it literally looks like an Anthropic ad. 'Does the work of 50 programmers. Does the work of 50 farm hands.'"
"Literally everybody in America realized 30% of the jobs are going away. That path is gone, and we have to get our kids ready for this new future. And it was that same recognition I think that parents have today."
"What America did back then... they voted to fund an education that they never experienced. They knew they had to do something different than their background, see the world differently, to get their kids ready and get them the good jobs."
"That school system became the industrial system we've had the last 100 years. It served us really well for 100 years, but now it's time for the next change."
@jliemandt
David Emanuel retweeted
Imagine a gym where everyone lifts according to birth year. That’s basically how we organize education.
I think you got the wrong security expert on @BBCNews
David Emanuel retweeted
I call for the board of @united to cut Scott Kirby’s salary to $30k a year, take his stock + options, and redistribute the balance of his salary and stock to all United employees.
United Airlines CEO Scott Kirby wants to show customers in seat 34B he feels their pain by endorsing a national wealth tax. Such virtue-signaling is cheaper than complimentary pretzels.
on.wsj.com/485lKmq
A great example of GVT truly not understanding basic economics.
this California wealth tax thing is just incredible.
so in October 2025, a California healthcare union proposed a "one time" 5% tax on any billionaire's wealth. the ballot measure will be voted on next month. In early December 2025, California announced that it would be a retroactive tax if passed, applying to anyone with CA residency as of Jan 1, 2026. The objective is to pay for Medi-Cal, California's incredibly dysfunctional healthcare system. (which also functions as a glorified welfare apparatus, but that's a discussion for another time).
polls reveal that the CA electorate is split around 50/50 on the tax, but prediction markets only give Prop 40 a ~23% chance of passing (there are competing measures on the ballet that would nullify it).
there are 200 billionaires in CA, worth collectively somewhere between $2.3 and $2.6 trillion. 5% of that is around $100b, accounting for a small amount of attrition. proponents of the tax forecasted a significant windfall, assuming only a 10% departure rate.
supporters thought they were being clever with the retroactive concept. no billionares would leave CA in the few short months between the tax being proposed and the residency cutoff date, without the tax even having passed yet, right?
well as it turns out, they did.
a new paper [1] from two academics at Stanford called "The Net Present Value of the California Billionaire Tax Act", argues that not only did more billionaires leave due to the proposed tax than its proponents expected, but that the value of the tax, if it does pass, is actually negative.
proponents of the tax only assumed 10% avoidance, that is, only 10% of the taxable base of targeted billionaires would leave CA within the very short Oct-Dec 2025 window. Jaros and Rauh, the Stanford academics, find that a lower bound of 28.6% of the taxable base managed to leave.
just based on known departures, those departures total $577b in net worth, or $28.8b in potential tax lost. this of course does not capture everyone (many left without announcing their departure), so the authors normalize to departure rates estimated from other wealth tax events, and apply other discounts for litigation, arriving arrive at a figure of only $28-$36b in forecasted tax revenues.
but this isn't all! all of the income taxes paid by the departed billionaires are also forsaken. the authors estimate that CA billionaires pay $3.3- 5.8b in annual income taxes. they assume a midpoint of $2b lost in annual collections from departed billionaires. the net present value of that lost income stream is -$68.9 billion.
so when you add it all up you get:
+ $30b one-time tax windfall (estimated)
- $69b in present value of lost future income taxes
= - 38.9b overall net present value of the tax
of course, this analysis is highly estimate driven. the authors simulate the parameters 100k times and find a negative NPV of the implemented tax 85 percent of the time.
and if the tax doesn't pass, which it's not looking like it will, California still ended up losing at least $577b in departed net worth, and they have permanently poisoned the well with entrepreneurs who will now worry about future wealth taxes.
[1]: nber.org/system/files/workin…
Insane.
SpaceX $SPCX Q3 2026 earnings highlights:
• Revenue: $14.58B, up 161% YoY, versus roughly $12.7B expected.
• Adjusted EBITDA: $8.81B, up 306% YoY. - Net income: $4.40B GAAP, versus a $1.05B loss YoY. First profit since IPO.
• GAAP EPS: $0.35.
• Operating income: $2.79B, versus $2.24B.
• Total capex: $19.59B, up 185% YoY, including $16.44B in AI spending.
• Total costs and expenses: $11.78B, versus $11.23B.
• Cash and marketable securities: $90B.
• Starlink subscribers: 13.6 million, up 89% YoY. ARPU was $69, up from $66 in Q2.
• Revenue by segment: Space $1.77B, up 6%. Connectivity $5.25B, up 69%. SI, formerly AI, $7.56B, up 830% — now 51.9% of total revenue, more than Space plus Connectivity combined.
• 1.7 gigawatts of compute installed.
• Launched 119 tons to orbit across 476 missions.
• Closed the $60B Cursor acquisition in stock during the quarter.
• Also in context: $8B spent on 800 megahertz spectrum for Starlink Mobile, and Starship Flight 14 reached orbit deploying 26 Starlink V3 satellites.
Good Fucking Job @SpaceX team !!
Ten years ago today, Zipline made the world’s first lifesaving drone delivery in Rwanda.
Three million deliveries later, more than 60,000 lives have been saved. Meet the people on the other end of these deliveries in our new video series, Stories from the Sky.
Someone posted the other day that if you aren’t swearing while driving, you are the problem. My swearing has significantly increased since that post.
Glad this guy is on our team.
Palmer Luckey reveals the startup he'd build today: oxytocin doping to end divorce
"I would try to end the tragedy of divorce with oxytocin doping for marriage counseling."
"We understand mammal pair bonding pretty well. There's a lot of people who want to stay together. Most of the people who don't want to stay together should stay together, especially for their kids."
"And we can, if people think SSRIs are fine, which they're not, but if they were, then oxytocin doping to stay together is definitely fine."
"It's the mammal pair bonding chemical. There's things you can do to increase the uptake, and it's very well understood. Also, totally unregulated, which is great. Unregulated spaces are a lot easier to do. You can go buy a kilogram of oxytocin on Sigma Aldrich Chemical Supply right now, and if you do that, maybe you won't die alone."
"It's pure biology. It's used for women who don't bond with their kids, and now for women who don't bond with their husbands. It's also used for kids with various neurological issues, some kids with autism who struggle with pair bonding."
"The cool thing is it's a self-reinforcing loop. We understand that very well. Unlike most drugs, it doesn't form a chemical dependency. It actually unburdens you from a chemical dependency."
Check out my latest article: Past the Scribe: The Router Belongs in the Room linkedin.com/pulse/past-scri… via @LinkedIn
David Emanuel retweeted
A 58-year-old CEO ran 50 miles a week, but his MRI was still FULL of visceral fat.
He swapped the miles for 10-to-20-second sprints. What happened?
In under two months, the fat left his abdomen, and a six-pack showed up. His visceral fat melted away.
Long-distance running is not healthy. It spikes your cortisol and tells your body to store more fat.


























