

For the FAANG companies, they do it in part so they can then turn around and make those flashy claims you see in headlines like “95% of ours devs use [insert AI product they are trying to sell] daily” or “60% of our code base is now ‘written’ by our fancy AI”.








I think we should have a progressive inheritance tax similar to federal income tax (except maybe the 0% range could be a little larger), and by the time you’re in the $400k+ bracket, that rate is 95%+ (or even more potentially). But as with all taxes that primarily target the wealthy, the trick is to proactively close as many loopholes as possible (i.e. parent sets up non-profit and makes kid president), otherwise the tax will barely accomplish anything.