Pivot

Biden's Bad Polls, Lessons Learned from SBF Trial, and Guest Kashmir Hill

21 snips
Nov 7, 2023
Kashmir Hill, a New York Times reporter and author of "Your Face Belongs to Us," dives into the controversial world of facial recognition and privacy issues. She discusses the ethical dilemmas posed by Clearview AI's practices, sparking a conversation about the implications for individual rights. The chat also delves into the growing public concern over digital privacy as major tech companies expand their use of face recognition technology. Plus, insightful thoughts on political dynamics leading up to the 2024 election make for an engaging listen!
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ANECDOTE

Bezos's Miami Move

  • Jeff Bezos is moving from Seattle to Miami, ostensibly to be closer to his parents and Blue Origin operations.
  • This move also allows him to benefit from Florida's lower tax rates, highlighting tax avoidance by the wealthy.
INSIGHT

Tax Avoidance and Mobility

  • Wealthy individuals, being highly mobile, can exploit tax differences between states, benefiting from public investments in their former states without paying their due.
  • This creates unfair competition and a wealth transfer from less mobile lower and middle-class taxpayers to the rich.
INSIGHT

Real Estate Commissions

  • Real estate commissions in the US are unusually high (5-6%) compared to other countries (3-4%) due to practices like offer of compensation.
  • This lack of transparency and competition inflates costs for home buyers and sellers, impacting the largest asset for many Americans.
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