Scott ๐Ÿฅ๐ŸŸ๐Ÿ“ˆ๐Ÿฆ†๐Ÿˆ

@fishecon.bsky.social

Oceans economist. U of Oregon PhD and college football addict. Posts are my own. Miami.

Today, August 4, 2026, is the setting of Ray Bradburyโ€™s short story โ€œThere Will Come Soft Rainsโ€ about a fully automated house continuing on after the family who lived there and the world around it died in a nuclear blast.

A key thing that once you realize it kind of radicalize you re: taxation of unrealized gains is that we already have a tax system that features changes in tax based on unrealized changes in asset values --- deductions for depreciation.