Tag: Washington

Tax Flight Is a Myth

Tina Marie (Ms. Cat)

Tax Flight Is a Myth

Related:

Dispelling the Myth of Tax-Induced Capital Flight

A study by the American Sociological Association in 2016 found that while massive top rate tax hikes might cause some millionaires to move from their high-tax state to a low-tax state, the amount of them doing so for this reason was negligible. Millionaires moved for tax purposes around 2.2% of the time. Indeed, in any event the rate of inter-state migration generally was lower for millionaires, at 2.4%, than it was for the general population, at 2.9%.

Debunking the Myth of the Fleeing Millionaire

Someone Decides To Say Something Less Stupid About Rainbow Fentanyl… And It’s A Cop

Tina Marie (Ms. Cat)

Someone Decides To Say Something Less Stupid About Rainbow Fentanyl… And It’s A Cop

“I don’t think that people will be giving out fentanyl pills as candy, that doesn’t make sense from an addicts perspective that they treasure something so valuable,” said Officer Roman Trujilo, KPD. “However, with all of the candy out there, there are potential users that might have purchased these pills and if they have them around and their kids come across them, that could be absolutely deadly.”

Peter Thiel’s midterm bet: the billionaire seeking to disrupt America’s democracy

Tina Marie (Ms. Cat)

Re-energized this election cycle, the tech entrepreneur joins other mega-donors apparently out to undercut the political system

Peter Thiel’s midterm bet: the billionaire seeking to disrupt America’s democracy

Related:

The Right’s Would-Be Kingmaker (archived, as it’s behind a paywall)

Anti-Globalist?! He invests in businesses, worldwide!? I doubt that it would be possible without globalization! 🤷🏼‍♀️

ACERE Statement Condemning Senator Rubio’s Attempt to Intimidate and Harass Puentes de Amor

Tina Marie (Ms. Cat)

As Cuban-Americans and others came out on the streets of Miami on July 31 to oppose the over 60-year United States embargo against Cuba, Senator Marco Rubio decided to revive one of the ugliest and most condemned moments of U.S. history when he chose to engage in McCarthyist tactics and launch a campaign against U.S. citizens demanding diplomacy and engagement with Cuba, instead of continuing a failed policy of isolation and punishment.

ACERE Statement Condemning Senator Rubio’s Attempt to Intimidate and Harass Puentes de Amor

Related:

Bridges of Love ‘spreads Cuba’s communist propaganda.’ FBI must investigate this group | Opinion

Will you get insulin-cost relief from the inflation bill? Not if you have private insurance

Tina Marie (Ms. Cat)

Will you get insulin-cost relief from the inflation bill? Not if you have private insurance

But an out-of-pocket cap identical to that for Medicare was stripped from the bill for those with private insurance because Democrats are trying to pass the bill by a simple majority through the reconciliation process. That requires Senate Parliamentarian Elizabeth MacDonough to vet the provisions. She said most of the health-related features were fine, but the insulin proposal for those who have private insurance, not Medicare, violated the Byrd provision, which says that issues “extraneous to the federal budget” cannot be passed by simple majority through reconciliation.

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Out-of-pocket spending for those with Part D Medicare drug coverage will be capped at $2,000 a year.

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In 2024, a 5% coinsurance payment that now kicks in after someone reaches the catastrophic drug spending level of $7,050 in Medicare will end. Because drug companies set their own prices, 5% on expensive drugs can be a lot of money.

Related:

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TSMC To Become NVIDIA’s Sole GPU Supplier In 2022 + TSMC celebrates the near completion of its 5nm Chip Manufacturing facility in Arizona

Tina Marie (Ms. Cat)

TSMC To Become NVIDIA’s Sole GPU Supplier In 2022

The Taiwan Semiconductor Manufacturing Company (TSMC) is set to rapidly grow its market share by the end of this year according to a fresh report from Korea. TSMC is the world’s largest contract chip manufacturer, as it is responsible for supplying semiconductors to most of the world’s largest technology firms. This list includes the Cupertino, California consumer electronics giant Apple, Inc along with chip designer Advanced Micro Devices, Inc (AMD). Additionally, TSMC is also in partnerships with Intel Corporation and Qualcomm Incorporated, both crucial players in the modern day semiconductor industry.

Now, it appears as if the Taiwanese company might soon be responsible for supplying NVIDIA Corporation with all of the latter’s graphics processing units (GPUs). NVIDIA already has a partnership with TSMC for some of its products, but purported problems at the company’s other chip supplier, the Korean firm Samsung Foundry, will force it to switch sides completely to TSMC according to Business Korea.

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The complete switch to TSMC, if true, is ironic since NVIDIA had originally intended to retain some power over suppliers by diversifying as much as it could. TSMC and Samsung are the only two companies in the world that manufacture and sell chips built through advanced technologies (below 7nm) to other firms. NVIDIA is rumored to have agreed to pay as much as $10 billion to TSMC for jumping to the 4nm ship, and the company is also reportedly in talks with Intel Corporation for the latter’s Intel Foundry Services (IFS) plans that will mark Intel’s entry as another player in the contract chip manufacturing industry.

Heard someone say that NVIDIA doesn’t rely so much on TSMC, anymore, but it turns out not to be true. Maybe they meant that they didn’t rely on Samsung, anymore?! On another note, looks like Pelosi dumped some Apple stock before she bought and sold Nvidia.

Related:

TSMC celebrates the near completion of its 5nm Chip Manufacturing facility in Arizona

The company’s Arizona facility would begin mass production in the first quarter of 2024, according to TSMC Chairman Mark Liu’s announcement from the previous year.

The chips made in Arizona are likely purchased by Nvidia, Qualcomm, and Apple. The new Arizona facility should theoretically enable Apple to produce its 5nm bespoke silicon chips for the first time in the country.

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The Arizona facility will be the business’s second production location in the United States. Although TSMC’s primary factories are in Taiwan, the company also has a factory centre in Washington, a design centre in Austin, Texas, and two design centres in San Jose, California. For more updates, follow TechGenies.

CHIPS Won’t Help China

Third, the CHIPS Act actually has provisions designed specifically to restrict investments in China. These so-called “guardrails” require that companies taking federal dollars for American projects must also agree not to invest in state-of-the-art technology in China—not just with the federal dollars, with any dollars. Good-faith critics have raised fair concerns that these guardrails should be broader, tougher, and firmer. But any guardrails at all represent unprecedented restrictions on what U.S. companies can do in the People’s Republic. It’s one thing to say an ideal bill would hurt China even more; it’s quite another to try and claim that less-than-perfect restrictions count as “help.”