Six thousand years ago, someone invented the plow, and we all got wealthier. A gentle reminder that all civilizational wealth is driven by invention.

Joined July 2008
Jeff Bezos retweeted
Dave Limp
@davillJun 2
Some LC-36 updates. Now that we’ve had access to the pad and integration facility we can share a bit of good news. The propellant farm, oxygen, liquid hydrogen and LNG tanks are all in good shape. This is good luck because these are very long lead items. The water tower is also good. The big support tower is damaged, but it can be repaired in place rather than torn down and replaced. The booster “Never Tell Me The Odds” and the three GS-2s that were onsite in the integration facility also look good. I’ve seen some speculation that we might move directly to the 9x4 configuration, but we won’t do that. Rate manufacturing of 7x2 is going well, and we’re going to continue that at pace as planned and store the stages for use. In addition, we had already been working for some time on eliminating our transporter-erector in favor of an alternative vertical conop, and we’ll now go directly to that; so we don’t need a new transporter-erector. We will fly again before the end of this year. Gradatim Ferociter.
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Jeff Bezos retweeted
Said much of the same last week, but this is for the most part true, and most people don’t realize this (It marginally depends on what state). Definitely true in CA. Before everyone says, well it’s only income tax or the rich take a larger share, please see this graph: wid.world/document/why-is-eu…
Yes, the United States has the most progressive tax system in the world. The top 1% pay 40% of taxes, the bottom 50% pay 3% of taxes. We can make it even more progressive by zeroing out taxes on the bottom half. It’s a small amount of the total tax revenue but very meaningful to people in this group.
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Alexa was surprisingly helpful with this
Absolute banger on the Substack tomorrow
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In 2000, 36 yr old Jeff Bezos spoke about Space Exploration: “If I could do anything, I’d go explore space. Who knows 20 years from now, due to technology, such things will be easy.” - Jeff Bezos.
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Jeff Bezos retweeted
Bill Ackman
@BillAckmanMay 21
A really important and interesting interview with @JeffBezos and @andrewrsorkin about tax policy, AI, the economy, and space. Unfortunately it is only in audio form. Bezos argues for eliminating tax on the bottom 50%, making the case that the 3% of tax revenue from this cohort should be made up for by eliminating government waste and fraud. I agree. He says that instead of vilifying the top 1% who pay 40% of Federal taxes, we should have a real debate about tax policy. Is making the tax system even more progressive the right answer? Will it generate more revenues or less? Or should we endeavor to eliminate waste and shrink the size of government in order to eliminate tax on an even greater percentage of Americans? On AI, he makes a powerful case for more jobs, in fact a labor shortage, due to growth driven by increases in AI-driven productivity. A must listen. The interview begins at 18:33. youtu.be/NSVpd46EfLo?si=2ns1…
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Jeff Bezos retweeted
Jeff Bezos with straightforward simple logic. Bottom 50% pay no taxes + costs government 3%. Yet 100% life changing for this bottom half of America A smart and simple approach worth doing.
Thank you. The important part is zeroing out taxes on the bottom half. Best way to put money in someone’s pocket is to not take it out in the first place. Bottom half is only 3% of total tax revenue. But it’s very meaningful to that person. Zero it out.
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I wrote an essay about how we should eliminate income tax for the bottom half of Americans a few years ago. It would reduce an enormous burden on hundreds of millions of Americans and cost ~3% of government revenue. Jobs are the largest positive externality in the economy, yet we disincentivize them with payroll + income tax. While this feels like one of the most impactful policy proposals to help Americans, most politicians would rather squander the money on inefficient government programs. This is the best way to support lower and middle-class families.
Thank you. The important part is zeroing out taxes on the bottom half. Best way to put money in someone’s pocket is to not take it out in the first place. Bottom half is only 3% of total tax revenue. But it’s very meaningful to that person. Zero it out.
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Jeff Bezos is right, it's time to increase the standard deduction significantly. It's the best way to increase living standards for those who need it the most without the welfare trap.
Thank you. The important part is zeroing out taxes on the bottom half. Best way to put money in someone’s pocket is to not take it out in the first place. Bottom half is only 3% of total tax revenue. But it’s very meaningful to that person. Zero it out.
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Jeff Bezos is openly advocating for income tax to be abolished for the bottom 50% of Americans. Great idea that would help millions of families who need it.
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Jeff Bezos retweeted
A basic analysis shows that zeroing out federal taxes for the bottom half the USA would help millions, have minimal impact on tax receipts & add over $100 billion to the economy. It's easy to check this yourself with @grok & similar, great of @JeffBezos to highlight.
Thank you. The important part is zeroing out taxes on the bottom half. Best way to put money in someone’s pocket is to not take it out in the first place. Bottom half is only 3% of total tax revenue. But it’s very meaningful to that person. Zero it out.
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Jeff Bezos retweeted
Jeff Bezos says that AI will "elevate" people at work, not replace jobs.
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Jeff Bezos on NYC spending: "If we ran Amazon the way New York City runs their school system, packages would take 6 weeks to arrive, we would charge you a $100 delivery fee and when the package did finally arrive, it would have the wrong item in it."
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Impressive visit to the @blueorigin Huntsville Engine Production Facility! @NASA is proud to partner with Blue Origin, especially on the Blue Moon human landing system, which will help ensure a steady cadence of astronauts on the Moon to live and work before we venture to Mars.
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Jeff Bezos retweeted
Nominal run!
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We crave experts for the new thing but almost all experts are expert in the old thing.
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Jeff Bezos retweeted
Amazon Web Services
@awscloud17 Nov 2022
.@Werner is pulling back the curtain on #Amazon history with the Distributed Computing Manifesto. Read the 25-year-old internal doc that changed the way systems were designed & built at Amazon. Learn more. 👉 go.aws/3TGvc6o #AWS
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The Bezos Earth Fund has granted $110M to protect the Congo Basin, a critical ecosystem the world cannot afford to lose. Watch to learn why we’re collaborating with partners across governments, businesses, and civil society to conserve 30% of the region by 2030. #30by30
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Think of the viewing time we could save if they just made one series, “House of Game of the Lord of Thrones of the Dragon Rings.”
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Jeff Bezos retweeted
Bill Gurley
@bgurley4 Jul 2022
I totally agree with this. Whatever your politics is, we cannot ignore the past three hundred years of economic research and understanding. People argue they are on the side of “science.” Let’s use the education we all have. Please.
Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics.
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Jeff Bezos retweeted
IGN
@IGN21 Jun 2022
Looks like meat’s back on the menu, boys! We have the exclusive first-look photos of the Orcs from The Lord of the Rings: The Rings of Power. After getting a close look at those, you can check out our exclusive interview right here: bit.ly/39Eiy6O @LOTRonPrime
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