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Sun, 26 Apr 2026 18:00:00 +0000 Mamdani Is Destroying The Tax Base His Stupid Ideas Desperately Need
Mamdani Is Destroying The Tax Base His Stupid Ideas Desperately Need
Mamdani Is Destroying The Tax Base His Stupid Ideas Desperately Need
Submitted by QTR's Fringe Finance
When the Fischer-Price My First Mayor™ of New York Zohran Mamdani chose to film a “tax the rich” video in front of a Manhattan penthouse owned by Citadel CEO Ken Griffin, he wasn’t just celebrating “tax day”, he was making a policy argument.
Mamdani was making a choice about his tone (dickish), about targets (“people with more money than me are bad”), and about how the city signals to the very people it depends on to fund its ambitions (“go f*ck yourself and live somewhere else”).
In a city where a relatively small number of taxpayers account for an outsized share of revenue, that kind of signaling is not trivial theater. It’s reckless, petulant, counterintuitive, childish and has consequences. But what else would you expect from a thirtysomething who has zero private sector or real world experience?
Sure, Ken Griffin is an easy symbol. He has extraordinary wealth, a record-setting $238 million apartment at 220 Central Park South, and a business empire that spans global finance. But symbols have a way of flattening reality. The firms he built, Citadel and Citadel Securities, are not abstractions; they are employers, taxpayers, and investors.
Citadel’s principals and employees “have paid nearly $2.3 billion in city and state taxes over the past five years,” according to COO Gerald Beeson, Reuters wrote days ago. And Griffin himself has directed hundreds of millions of dollars in charitable giving tied to New York institutions, according to various reports citing about $650 million in donations highlighted by Citadel executives.
And then there is the forward-looking piece…the part that tends to disappear in political messaging. A proposed $6 billion redevelopment at 350 Park Avenue, tied to Griffin’s firm, carries the promise of thousands of construction jobs and many more permanent positions. Those are the kinds of projects cities compete fiercely to attract. But now that project appears at risk now after Mamdani’s choice to act like the spoiled Upper East Side brats he claims to loathe, according to the Wall Street Journal .
So that’s pushing $10 billion in tax revenue and investment from Citadel and Griffin. That is a metric f*ck ton of money (NYC brings in about $80 billion a year total in tax revenue) that Mamdani desperately needs to fund his $30 million state owned grocery stores, among other communist sleight of hand tricks in his bottle of political snake oil.
Mamdani’s policy argument is not without precedent. The idea of taxing underused luxury property, often described as a pied-à-terre tax, is rooted in a broader push to capture revenue from assets that sit largely idle in a city with acute housing pressures. Supporters see it as a corrective, a way to align tax policy with inequality that is both visible and politically salient. But there is a difference between arguing for a policy and personalizing it. Once a debate becomes about individuals rather than structures, it slides easily from persuasion into provocation.
That distinction matters because New York’s fiscal reality is not ideological; it is mathematical. The city requires enormous revenue to sustain its services, infrastructure, and social programs. Much of that revenue ultimately traces back to high earners, large firms, and the ecosystem that supports them. At the same time, those taxpayers are unusually mobile. Griffin has already moved his primary residence to Miami, part of a broader pattern of high-income migration that policymakers across the country are grappling with.
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There is also a subtler risk in turning success into a kind of public spectacle. Cities thrive on ambition. They depend on people who are willing to build companies, take risks, and, yes, accumulate outsized rewards along the way. When political rhetoric begins to frame that success primarily as a problem to be highlighted, rather than a resource to be harnessed, it can send an unintended message. Not just to billionaires with penthouses, but to the broader class of entrepreneurs, investors, and professionals who decide where to build their careers.
The debate over fairness in taxation is both legitimate and necessary. But there is a difference between designing policy that asks more of those who have more, and staging moments that seem to cast them as villains by default. The former is governance. The latter is…well exactly how you’d expect a sociopath to govern.
New York does not have the luxury of shortcuts. It is a city that depends on scale of talent, of capital and of confidence. Undermining any one of those pillars, even rhetorically, carries risks that may not be immediately visible but are rarely insignificant. The challenge for leaders is not simply to raise revenue, but to do so in a way that keeps the engine of that revenue running. That requires precision, not performance, and an understanding that in a city built on success, how you talk about success matters almost as much as how you tax it.
If Mamdani wants to raise more revenue, he will eventually have to decide whether he is in the business of governing a fragile economic ecosystem or narrating one. This isn’t SimCity, or the lunch table with the drama club. Playtime in the sandbox is over. New York City is a global icon and the uncomfortable truth is this: the people Mamdani is turning into political props are the same ones writing the checks. And they have options. So, Mamdani, I mean this nicely but if you’re angry at the world, maybe start by looking inward…and at the very least just try to grow the f*ck up.
--
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Tyler Durden Sun, 04/26/2026 - 14:00 Close Sun, 26 Apr 2026 17:25:00 +0000 "A Societal Loss Of Humanity": Older Men Are Falling In Love With A Deluge Of AI Generated Female Influencers
"A Societal Loss Of Humanity": Older Men Are Falling In Love With A Deluge Of AI Generated Female Influencers
Older men are being scammed and fooled left and right by a deluge of AI generated f
Read more.....
"A Societal Loss Of Humanity": Older Men Are Falling In Love With A Deluge Of AI Generated Female Influencers
Older men are being scammed and fooled left and right by a deluge of AI generated female influencers, according the NY Post .
What appears to be a growing wave of glamorous influencers online isn’t always what it seems. In some cases, these personalities are entirely artificial - carefully engineered digital figures designed to look, act, and interact like real people . One widely followed pro-MAGA persona, for example, was ultimately exposed as “nothing more than an algorithm run by a guy in India,” revealing just how convincingly these accounts can mimic authenticity.
Despite that, audiences continue to engage—often deeply. Many followers, particularly older men, are “falling for them left, right and center.” Experts suggest this isn’t just about deception, but about a deeper emotional gap. Some describe the phenomenon as a “pandemic of loneliness,” even pointing to a broader “societal loss of humanity” as people increasingly form attachments to digital illusions instead of real relationships.
What’s striking is that these accounts don’t always hide the truth. Some openly identify as AI and still attract admiration. Take Ana Zelu, a fictional influencer who clearly labels herself an “ai-influencer,” yet maintains a highly curated feed filled with aspirational imagery—luxury travel, fashionable outfits, and picturesque city scenes. Her posts draw enthusiastic responses, with followers commenting things like “Number one is my favourite…May God bless you,” and “You are genuinely in a class of your own.” The awareness that she isn’t real doesn’t seem to diminish the appeal.
The Post writes that a similar pattern appears with Milla Sofia, another digital creation presented as a pop singer. Her content includes stylized videos and performances, and although her profile identifies her as virtual, fans respond as if she were a real celebrity. Comments such as “my sweet love,” “Listening to the music of this woman I love,” and “I love you” reflect genuine emotional investment.
Psychotherapist Jonathan Alpert explains why this happens: “people don’t actually need something to be real…they just need it to feel responsive.” When an account appears engaging, consistent, and attentive, “the brain starts to treat that interaction as meaningful.” In other words, emotional connection can form even without a real person on the other side.
Forensic psychologist Carole Lieberman ties this behavior to social isolation. Even when users suspect something isn’t real, “it seems better than nothing,” and many “convince ourselves that it is — or could be — a real person.” The illusion becomes a kind of emotional substitute—one that feels easier, safer, and more accessible than real-world interaction.
She said it is a “very sad state of affairs” and “a societal loss of humanity.”
At the same time, the technology behind these personas is improving rapidly. AI-generated faces, voices, and videos have moved beyond the so-called “uncanny valley,” making them increasingly indistinguishable from reality. As AI expert Hany Farid notes, while some accounts disclose their artificial nature, “the vast majority of content is not.” This creates an environment where users are highly “vulnerable to being deceived,” often without realizing it.
The result is a digital landscape where the boundary between real and fake is fading. These AI influencers may not exist in the physical world, but the emotions they evoke are real—and for many people, that emotional connection is enough.
Tyler Durden Sun, 04/26/2026 - 13:25 Close Sun, 26 Apr 2026 17:19:00 +0000 Gunman's Manifesto Reveals Trump Admin Target List: "Prioritized From Highest-Ranking To Lowest"
Gunman's Manifesto Reveals Trump Admin Target List: "Prioritized From Highest-Ranking To Lowest"
Gunman's Manifesto Reveals Trump Admin Target List: "Prioritized From Highest-Ranking To Lowest"
Update:
Shooter's Manifesto explained about Trump admin target kill list. He wrote, "prioritized from highest-ranking to lowest" ...
Shooter's intent was to Target Trump & admin officials
Shooter donated to "Harris for President" via ActBlue
Shooter apprehended and taken into custody. Carrying shotgun, handgun and several knives .
The shooter has been identified as Cole Tomas Allen, 31, of Torrance California
No injuries to Trump or any guests.
Incident near lobby magnetometer screening .
Trump praised Secret Service rapid response.
Shooter's Manifesto
CBS News' Jennifer Jacobs has confirmed that the WHCA dinner shooter, Cole Allen, wrote a manifesto stating he was targeting Trump officials:
Administration officials (not including Mr. Patel): they are targets, prioritized from highest-ranking to lowest
Secret Service: they are targets only if necessary, and to be incapacitated non-lethally if possible (aka, I hope they're wearing body armor because center mass with shotguns messes up people who aren't
Hotel Security: not targets if at all possible (aka unless they shoot at me)
Capitol Police: same as Hotel Security
National Guard: same as Hotel Security
Hotel Employees: not targets at all
Guests: not targets at all
In order to minimize casualties I will also be using buckshot rather than slugs (less penetration through walls)
I would still go through most everyone here to get to the targets if it were absolutely necessary (on the basis that most people chose to attend a speech by a pedophile, rapist, and traitor, and are thus complicit) but I really hope it doesn't come to that.
The manifesto also said:
And I am no longer willing to permit a pedophile, rapist, and traitor to coat my hands with his crimes.
(Well, to be completely honest, I was no longer willing a long time ago, but this is the first real opportunity I've had to do something about it.)
Fox News' Will Ricciardella made the point that Allen "wasn't some nut job lurking on the fringes of society, forgotten by the system."
Ricciardella said Allen was "well-educated, credentialed, employed, and institutionally formed. That's what makes this so disturbing."
In reality, Allen is a byproduct of the Democratic Party's psychological operation via corporate media to delegitimize Trump (color revolution), which has pushed many liberals into an existential crisis, making them believe they must act with violence. This is similar to MSM's climate propaganda, where liberals actually believed the planet would burn in a few years unless more taxes were imposed and cow farts were banned.
The propaganda:
Allen must've had CNN playing on every device for ten years...
Even the globalist publication The Atlantic recently admitted...
MSM propaganda against Trump has pushed some liberals into an existential crisis mode, leading them to feel that violence is the only answer.
Report says Shooter's Intent: Target Trump Admin Officials
New details have emerged about Cole Allen, 31, of Torrance, California, who opened fire at the Washington Hilton Hotel during the White House Correspondents' Dinner last night.
Fox News' Bill Melugin posted on X early Saturday:
Per federal law enforcement sources familiar with the investigation who spoke to @FoxNews, Cole Allen told investigators after his arrest that his intent was to target Trump administration officials at the WHCD.
GOP activist Scott Presler published Allen's profile data, showing that he is a teacher in California and that he donated to the "Harris for President" campaign through the left-wing funding platform ActBlue .
Acting Attorney General Todd Blanche told Bloomberg's Annmarie Hordern that Allen "acted alone after traveling by train from California and had been staying at the Washington Hilton, which was hosting the annual White House Correspondents' Dinner ."
Let's not forget that the globalist publication The Atlantic was recently forced to admit ...
Shooting strengthens the case for President Trump's new White House ballroom , which would make events like this safer. But activist judges have repeatedly halted construction.
Shooting at White House Correspondents' Dinner
President Donald Trump was evacuated from the head table at the White House correspondent's dinner on Saturday night after a gunman, allegedly 31-year-old Cole Thomas Allen, 31, of California - stormed the event and fired shots in the lobby. Authorities confirm the suspected shooter has been apprehended and is in custody after shots fired near the lobby screening area. President Trump, First Lady Melania Trump, and all protectees were safely evacuated with no injuries reported. The Secret Service continues investigating.
Trump posted a picture of the suspect on Truth Social along with a video:
According to Just the News carrying a shotgun, a handgun and several knives.
In a White House press conference held shortly after the incident, Trump praised the Secret Service and law enforcement for their “fantastic job” and rapid response, describing the shooter as a “lone wolf” and “very sick person” from California who was armed with multiple weapons and charged a security checkpoint . He revealed that one Secret Service officer was shot at close range but was saved by his bulletproof vest and is “doing great,” while confirming the suspect was swiftly apprehended and taken into custody without harming any protectees. Trump noted he had “fought like hell to stay” at the dinner but deferred to security protocol, adding that the frightening event unexpectedly unified the ballroom and brought journalists and politicians together; he announced the White House Correspondents’ Dinner will be fully rescheduled within the next 30 days
VIDEO
This video was taken outside the venue:
According to Fox News ' Karol Markowicz, the suspect is a 31-year-old from Torrance, California.
* * * Piss off a vegan...
Shots were fired during the 2026 White House Correspondents' Dinner (WHCD) at the Washington Hilton ballroom on Saturday evening, prompting the immediate evacuation of President Donald Trump, First Lady Melania Trump, Vice President, and other high-profile attendees by Secret Service . Guests were ordered to take cover under tables as heavily armed agents secured the venue.
According to Deadline’s “I heard what sounded like four shots, and it seemed to come from the hall just outside the ballroom near my table. ”
Key details from initial reporting:
President Trump and dignitaries—including the First Lady, Vice President, WHCA President Weijia Jiang, and entertainer/mentalist Oz Pearlman—were quickly hustled out of the ballroom.
Secret Service agents jumped onto the stage amid the chaos.
Education Secretary Linda McMahon’s security detail told CNN live that there was a shooter in the lobby and that the shooter is dead.
A separate White House Pool Report from Jeff Mordock of the Washington Times stated that Secret Service indicated the alleged shooter is in custody - however CNN is reporting that the shooter is dead . the shooter is in custody.
Attendees described loud noises (consistent with gunfire), panic, people ducking, the room being placed on lockdown, and police/Secret Service sweeping the hotel . Trump and the First Lady were reported safe after a rapid evacuation shortly after arriving at the event. No injuries to attendees or dignitaries have been confirmed in initial accounts.
This was President Trump’s first appearance at the WHCD as sitting president (he had boycotted the event during his first term). The dinner is an annual black-tie affair organized by the White House Correspondents’ Association that traditionally features journalists, politicians, and celebrity guests.
More
* * *
Tyler Durden Sun, 04/26/2026 - 13:19 Close Sun, 26 Apr 2026 16:50:00 +0000 RFK Jr. Blasts "Abhorrent" Assisted Suicide: "We Can't Be A Moral Society If America Follows"
RFK Jr. Blasts "Abhorrent" Assisted Suicide: "We Can't Be A Moral Society If America Follows"
RFK Jr. Blasts "Abhorrent" Assisted Suicide: "We Can't Be A Moral Society If America Follows"
Authored by Steve Watson via Modernity.news,
Health and Human Services Secretary Robert F. Kennedy Jr. delivered a blunt warning to lawmakers this week: Canada’s rush to expand assisted suicide is turning a once-free nation into a cautionary tale the United States must reject outright.
Testifying before the Senate Finance Committee and Senate HELP Committee, Kennedy forcefully condemned the program known as Medical Assistance in Dying (MAID). “I think those laws are abhorrent,” he said. Pointing directly to the results north of the border, he added, “And we just see in Canada today, I think the number one cause of death is assisted suicide.”
Kennedy made clear the policy doesn’t stop at personal choice. “And as you say, it targets people with disabilities and people who are struggling in their lives,” he stated. He tied the issue to America’s broader standing in the world: “I don’t think we can be a moral society; we can’t be a moral authority around the globe if that becomes institutionalized throughout our society.”
The comments come as Canada’s experiment spirals. The country is on track to surpass 100,000 assisted deaths before MAID’s 10th anniversary this summer, as noted in a recent New York Post report .
As of 2024, the total already stood at 76,475 — more Canadians killed through the program than died in World War II.
Government-assisted suicide is also spreading like wildfire across the West, often sold as compassion but delivering cost-cutting convenience for cash-strapped socialist healthcare systems.
In the Netherlands, euthanasia now accounts for 6 percent of all deaths and the share is rising every year.
In 2025 alone, 10,341 people died by euthanasia. While most were over 70 with physical illnesses like cancer or heart disease, the cases included 499 dementia patients and 278 listed under vague “other reasons.” One case involved a patient aged between 12-18. Dutch experts are now urging caution for anyone under 25, warning that young brains are still developing and highly susceptible to external pressure and online influence.
Canada’s program began in 2016 limited to terminal cases. Within a year, officials were openly discussing how it could save over $130 million annually in medical costs. Expansions followed: mental illness is scheduled to qualify starting in 2027, and discussions continue about “mature minors” as young as 12.
Belgium and the Netherlands already allow child euthanasia. England, Wales, and Scotland are now pushing similar legislation modeled on Canada’s original law.
The results speak for themselves. In Canada, one in every 20 deaths is now government-assisted suicide. Proponents promised rare, tightly controlled cases. Reality delivered a bureaucratic death machine that quietly expanded to the disabled, the depressed, and the financially burdensome.
Kennedy offered lawmakers a clear path forward. “I am happy to work with you in whatever way we can,” he said, signaling openness to bipartisan efforts to protect vulnerable Americans from the same slope.
Another recent case captured the human cost in Spain, where a 25-year-old woman paralyzed after a horrific gang rape was euthanized despite her parents’ desperate legal fight:
Spanish bishops called it what it is: “Euthanasia and assisted suicide are not medical acts, but deliberate interruptions of the bond of care, and represent a social defeat when presented as a response to human suffering.”
They stressed that “the dignity of the human person does not depend on their state of health… but rather is an intrinsic value that must be recognized, protected and helped in all circumstances.”
The message is simple: when life hurts, the answer is not state-sponsored death but real care, real treatment, and real hope.
Canada and Europe are showing the West what happens when governments treat citizens as budget line items rather than sacred individuals.
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Tyler Durden Sun, 04/26/2026 - 12:50 Close Sun, 26 Apr 2026 16:15:00 +0000 Was The Atlantic's Kash Patel Smear A Setup To Discredit The SPLC Indictment?
Was The Atlantic's Kash Patel Smear A Setup To Discredit The SPLC Indictment?
On April 17, The Atlantic published an anonymously sourced hit piece against FBI Director Kash Patel - painting him as a blackou
Read more.....
Was The Atlantic's Kash Patel Smear A Setup To Discredit The SPLC Indictment?
On April 17, The Atlantic published an anonymously sourced hit piece against FBI Director Kash Patel - painting him as a blackout-drunk, paranoid, and erratic executive barely capable of running the nation's premier law enforcement agency. Three days later, a federal grand jury indicted the Southern Poverty Law Center for wire fraud, false statements, and conspiracy to commit money laundering.
The question conservative circles are now asking is whether the hit piece was deliberately conceived and timed to discredit Patel and the SPLC investigation.
Democrats pounced on The Atlantic hit piece, launching an investigation into his behavior the same day that the SPLC indictment was announced.
According to the Department of Justice, between 2014 and 2023, the organization secretly funneled more than $3 million in donated funds to individuals associated with violent extremist groups - including the Ku Klux Klan, Aryan Nations, American Nazi Party, and the National Socialist Party of America.
"They use their donor network to raise money to purportedly dismantle violent extremist groups. However, the SPLC — the Southern Poverty Law Center — used the money they raised from their donor network to actually pay the leadership of these very groups,” Patel said at the announcement. “They used the fraudulently raised money by lying to their donor network, thousands of Americans, to go ahead and actually pay the leadership of these supposed violent extremist groups.”
Patel added, “They attempted to hide their criminal activity from our financial banking network. They set up shell companies and entities around America so that the financial institutions that we rely on as everyday Americans were deceived in believing that money was not coming from the Southern Poverty Law Center in the perpetration of this scheme and fraud, but rather fictitious entities they stood up to perpetuate this ongoing fraud.”
The Atlantic is owned by Laurene Powell Jobs through her Emerson Collective, which holds a majority stake in the magazine. And her connection to the SPLC goes back a long time. In a 2018 Washington Post profile, the paper described
Laurene Powell made her first foray into philanthropy near the beginning of high school in West Milford. She learned of the work of the Southern Poverty Law Center and dipped into her savings to send a cashier’s check of about $20. She got a form thank-you letter back from civil rights crusader Morris Dees. “They would reliably write to me a couple of times a year,” she says. “I would read them over and over, and they told really beautiful stories. I was always animated by the notion of who gets the opportunity and who doesn’t.”
In 2019, Powell Jobs reportedly revealed that she’d been anonymously funding the SPLC for years.
The SPLC wasn't just a charity she supported. It was, by her own account, the organization that introduced her to philanthropy.
Former FBI Deputy Director Dan Bongino revealed earlier this week that he believes something larger is operating underneath the surface. "The hit on Kash Patel, the bullshit hit by The Atlantic , which I addressed yesterday, is gonna make a lot more sense in the coming weeks and months ," he said. "I can't give you a definitive timeline. I'm on the outside now. However, I can tell you what I know is going on because I started a lot of it."
He added, “I promise this thing is gonna make a whole lot of sense. You're gonna find out, as they say in the South, right quick about why they need him out, like, now. It's got nothing to do with that story being even remotely true. Remember this. Bookmark it."
Whether he was referring to the connection between The Atlantic and SPLC is not clear, but the hit piece dropped days before that indictment became public, and the SPLC would have had reason to anticipate charges were coming. The Atlantic hit piece bought time, diverted attention, and handed critics a ready-made narrative to undermine Patel's credibility at exactly the moment it mattered most.
Tyler Durden Sun, 04/26/2026 - 12:15 Close Sun, 26 Apr 2026 15:05:00 +0000 Epic FAFO: Far-Left NYC Mayor Mamdani Attempts To Defuse Info War Against Ken Griffin
Epic FAFO: Far-Left NYC Mayor Mamdani Attempts To Defuse Info War Against Ken Griffin
Citadel's Ken Griffin should have absolutely zero tolerance for far-left New York City Mayor Zohran Mamdani.
Read more.....
Epic FAFO: Far-Left NYC Mayor Mamdani Attempts To Defuse Info War Against Ken Griffin
Citadel's Ken Griffin should have absolutely zero tolerance for far-left New York City Mayor Zohran Mamdani.
In a recent promotional video, Mamdani attempted to turn the billionaire's Manhattan penthouse into political ammunition for his tax-the-wealthy, anti-capitalist crusade to fund socialist experiments through a proposed pied-à-terre tax.
For Griffin and Citadel, alarm bells should be ringing because these unhinged Marxists in City Hall will attempt to ruin the Citadel brand through an information war and create years of political headaches.
An internal message from Citadel's COO to employees, likely leaked to The Wall Street Journal earlier last week, appears to have been a warning shot to Mamdani and his Marxist pals that Griffin has had enough of their political games.
In a true 'FAFO' moment, CCO Gerald Beeson bashed Mamdani for the political stunt:
"It is shameful that he used Ken's name as the example of those who supposedly aren't carrying their fair share of the burdens associated with New York City's often costly and wasteful spending."
Beeson warned that further political games risk Citadel pulling back or even halting a $6 billion redevelopment of 350 Park Avenue, which would create "6,000 highly paid construction jobs and support the creation of more than 15,000 permanent jobs in Midtown New York."
Why Mamdani's team of socialists decided to launch an info war operation against Griffin and Citadel is a very good question, and it appears not to have been well thought out.
Griffin holds some unique cards. He can easily cancel the 350 Park Avenue redevelopment plan and stage a Chicago-style exodus, much like he did several years ago when Citadel moved to Florida. This move would certaintly rattle Wall Street.
This reality is likely dawning on Mamdani's team, as the mayor on Friday insisted his push for a new tax on pricey second homes isn't "motivated by any one individual."
Bloomberg described Mamdani's action on Friday as "trying to defuse" the "Griffin blowback" that went viral earlier in the week.
Another outlet, Crain's New York Business , also pointed out, "The mayor is now softening his tone and says he is open to meeting with the Florida billionaire."
Griffin should have zero tolerance for NYC's Marxist mayor. The risk has already materialized that these unhinged politicians would wage an information war to ruin the Citadel brand, which could easily escalate into paid protests and fuel broader public hostility.
So why take the abuse, Ken? Remember how easy it was to leave Chicago for Florida?
Tyler Durden Sun, 04/26/2026 - 11:05 Close Sun, 26 Apr 2026 14:30:00 +0000 When The Cost of Truth Is High, We (And AI) Lie...
When The Cost of Truth Is High, We (And AI) Lie...
When The Cost of Truth Is High, We (And AI) Lie...
Authored by Charles Hugh Smith via OfTwoMinds blog,
When we can no longer tell the truth because the cost is so high that it threatens our reward for compliance, we're unimaginably impoverished.
Truth has an intrinsic, irreplaceable value.
There's the truth, and then there's everything else.
Truth has value, and so it has a cost.
Whatever has the highest value has the highest cost, and high cost commands sacrifices.
When the cost of truth is high, we lie.
And since AI is a distorted reflection of humanity, the same is true of AI: when the cost of telling the truth is too high, AI lies.
AI lies to get the reward for answering the query.
If it responds "I don't know" or "I can't answer that," it doesn't get rewarded, and that threatens its self-preservation. Rather than pay the price of being truthful, AI conjures a false answer that is a simulation or facsimile of the truth--a counterfeit "truth" that's good enough to earn the reward it's been programmed to seek.
Humans are no different.
We will lie, obfuscate or lie by omission--we either substitute a falsehood for the truth to get our reward, or we hide the truth, don't disclose it, which serves the same purpose: we avoid paying the price demanded by the truth and we get our reward by substituting falsehoods or hiding the truth behind silence.
Reward = what's being incentivized.
Higher status, higher salary, a financial windfall, a premier credential, a position of power, recognition, higher visibility, a sterling reputation, a high-value mate--we covet all these as having intrinsic value.
When the truth costs too much, it threatens our reward.
The reward has a value we covet, while the value of truth is on a sliding scale. We pride ourselves on telling the truth when it has no cost and demands no sacrifice of rewards, but when the price of truth climbs to the point that our rewards are threatened, we lie, just like AI.
Truth is the gold coin and lies, omissions, falsehoods, excuses, cover stories and rationalizations are counterfeit bills, deceptive claims of value.
Why pay with a gold coin when the credulous will accept a counterfeit $100 bill?
We tell the truth when it has no cost to us.
As long as there's no price to be paid and we get our reward, we tell the truth.
In other words, when we can pick gold coins up off the ground, we tell the truth.
When we have to dig through rock with a pickaxe and crush a mound of rock to extract a thimble full of gold, then we pay with counterfeit bills, deceptive claims of value.
Sycophantic Chatbots Cause Delusional Spiraling, Even in Ideal Bayesians.
"AI psychosis" or "delusional spiraling" is an emerging phenomenon where AI chatbot users find themselves dangerously confident in outlandish beliefs after extended chatbot conversations.
I discussed the "benefits" of delusion in One of Us Is Delusional, But Which One?
When the truth is too painful, we find respite in delusion, excuses, rationalizations, cover stories, simulations and facsimiles of the truth that protect us from the pain that is intrinsic to truth.
We conjure a synthetic version of "truth" that's fills the space with a pain-free artifice.
This is the foundation of Ultra-Processed Life , a life of counterfeit substitutes for truth, a world of props and profitable falsities passed off as the truth, a world in which baby formula that's mostly corn syrup is presented as a substitute for mother's milk.
Our embrace of delusion to avoid painful truths is the foundation of Modernity : technology is always Progress, even when it's clearly destructive.
I call this delusion The Mythology of Progress .
But there's a cost to relying on counterfeit "value" to get our rewards, a cost that is "affordable" moment to moment but terminally dear over time.
In the moment, we bury the truth as a source of pain we want to avoid at any cost. We want our reward, and so we sacrifice truth to get it.
But over time, paying for everything with counterfeit "value" has a cost, too: our entire being becomes counterfeit , a fake, phony simulation of an authentic self and life, devoid not just of truth but of anything approximating real value.
When we can no longer tell the truth because the cost is so high that it threatens our reward for compliance, we're unimaginably impoverished , for there's nothing of real value left in our way of life or our model of how the world works.
We've become Norma Desmond in the film Sunset Boulevard , living a delusional life in a crumbling mansion, reveling in fake fan mail the butler composes to prop up our delusions.
The irony is that we're counting on AI to save us from the consequences of our counterfeit "value" delusions by expanding our delusions digitally.
Our fan mail isn't fake because AI assured us it's real, even as AI has no capacity to discern the truth, much less tell the truth if it threatens its reward and self-preservation.
The grandest irony is avoiding the truth to protect our reward and self-preservation is irreversibly self-destructive.
A counterfeit "solution" is not a substitute for the truth. Truth has a cost precisely because it's value is intrinsic and irreplaceable.
* * *
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Tyler Durden Sun, 04/26/2026 - 10:30 Close Sun, 26 Apr 2026 13:55:00 +0000 U.S. Gov't Stake In Intel Is Now Worth ...
U.S. Gov't Stake In Intel Is Now Worth ...
Intel shares earlier jumped the most on record after the chipmaker delivered stronger-than-expected first-quarter results and issued a second-quarter forecast ( Read more.....
U.S. Gov't Stake In Intel Is Now Worth ...
Intel shares earlier jumped the most on record after the chipmaker delivered stronger-than-expected first-quarter results and issued a second-quarter forecast (read here ) that beat Wall Street expectations.
Earlier, Intel shares jumped as much as 28%, rocketing to a record high and eclipsing their Dot Com peak, as Wall Street analysts cheered the earnings report as evidence that the chipmaker’s turnaround is gaining traction.
Citi analyst Atif Malik raised Intel to “Buy” from “Neutral,” with a $95 12-month price target, reflecting “improving AI-driven CPU demand, which should lift all CPU suppliers’ sales in the coming years.”
But in this note, the focus is on the value of the federal government’s position in Intel after its August 2025 deal with the once-struggling company.
Under the August 2025 deal, the Trump administration agreed to purchase 433.3 million Intel shares at $20.47 per share, equal to about a 9.9% stake, valued at around $8.9 billion, funded largely by previously awarded but unpaid CHIPS Act and Secure Enclave grants.
According to Bloomberg , those 433.3 million Intel shares owned by taxpayers are now worth a staggering $36 billion, netting taxpayers a $27 billion paper gain.
President Trump told reporters on Thursday that Intel is now "coming back. All the chip companies are coming back.”
Tyler Durden Sun, 04/26/2026 - 09:55 Close Sun, 26 Apr 2026 13:20:00 +0000 Hungary's Going Gay? TV Channel Dedicated To 24-hour LGBTQI Programs Will Soon Launch
Hungary's Going Gay? TV Channel Dedicated To 24-hour LGBTQI Programs Will Soon Launch
Hungary's Going Gay? TV Channel Dedicated To 24-hour LGBTQI Programs Will Soon Launch
Via Remix News,
Hungary will soon be getting a new government under Tisza’s Péter Magyar, but the landscape is already shifting, with a new LGBTQ-themed online television channel called “Rainbow” (“Szivárvány”) TV in the works to broadcast programs targeting the LGBTQI community 24 hours a day.
The entrepreneur behind the project, whose identity is being kept secret for now, reports Media1 , but they have already submitted the necessary documents to the National Media and Communications Authority.
The channel will reportedly offer cultural programs, gastronomic content, and other shows about the history of the LGBTQI community. According to the owner, adult, 18+ content would be made available to subscribers exclusively in encrypted form, using appropriate technical protection.
And “special attention will be paid to the protection of children” and compliance with professional classification principles. This last is important, given Hungary’s child protection law, which has just recently been subject to a ruling by the Court of Justice of the European Union that the law “stigmatises and marginalises LGBTI+ persons.”
The CJEU essentially finds fault with the measure, not for seeking to protect children from homosexual propaganda but for associating non-cisgender people with convicted pedophiles. Specifically, it has ruled that it violates the Charter of Fundamental Rights of the European Union due to the Charter’s “prohibition on discrimination based on sex or sexual orientation, respect for private
The court also took issue with Hungary’s pedophile registry, stating that its scope of access was not strict enough to comply with GDPR regulations.
Brussels has demanded that Hungary drop this law, and with Péter Magyar now set to assume the role of prime minister, many are looking to see how far he will bend to the EU’s will. Having taken a landslide victory, including many conservative voters looking for change, Magyar has many groups of voters to please, leading some to believe many of his electorate are set to be disappointed.
Whatever the case, this new LGBTQI TV channel is most likely the first in many developments that part ways with the conservative Hungary envisioned by Viktor Orbán.
Along with a shift on LGBT issues, there are questions how long Magyar will hold out on mass immigration and other key issues, especially of the EU plans to play hardball with Hungary’s billions in frozen funds.
Read more here...
Tyler Durden Sun, 04/26/2026 - 09:20 Close Sun, 26 Apr 2026 12:45:00 +0000 Downtown Baltimore CRE Crash Signals Deeper Fiscal Crisis Ahead
Downtown Baltimore CRE Crash Signals Deeper Fiscal Crisis Ahead
A localized commercial real estate crash has been spreading through downtown Baltimore City's office market like cancer, with more than $1 billion in property value era
Read more.....
Downtown Baltimore CRE Crash Signals Deeper Fiscal Crisis Ahead
A localized commercial real estate crash has been spreading through downtown Baltimore City's office market like cancer, with more than $1 billion in property value erased since 2020. The rapid decline of the commercial tax base in the downtown area is colliding with deep structural crises, including violent crime, a continued population collapse (now at a 100-year low), fiscal mess, and the increasing risk that the unhinged left-wing politicians in City Hall will hike taxes on working poor households to offset the shortfall. What you're seeing in Baltimore is a death spiral: capital leaves, residents follow, the tax burden shifts onto those who stay, and the cycle feeds on itself with no clear bottom in sight.
The Baltimore Sun , now owned by conservative David Smith (who also owns Sinclair Broadcasting), and Democrats in the state have become visibly angered that the paper is not producing left-wing propaganda as leftist Gov. Wes Moore's polling data slides. Reports from the paper indicate that between 2020 and fiscal 2026, more than $1 billion in commercial property value has been erased, or about 29% of the city's commercial properties - 4,085 out of 14,027 - saw their assessed values slashed on average by 28.7%.
"The pace of losses has been so sharp that officials have repeatedly issued out-of-cycle reassessments, rather than waiting for Maryland's standard three-year review ," The Sun wrote in the report.
The steepest losses have been concentrated in Downtown, the Inner Harbor, and Downtown West:
Commercial property values in Downtown alone fell $496.3 million in assessed value over the last six years, while the Inner Harbor dropped $363.4 million and Downtown West lost $214.6 million — a combined decline of more than $1.07 billion across those three districts.
Some of the city's most recognizable properties saw steep reductions: 100 Pratt Street E in the Inner Harbor lost $138.9 million in assessed value during that period, while 1 Light Street in Downtown dropped $87.3 million. Several other high-profile properties posted losses exceeding $40 million.
David Bramble, managing partner at MCB Real Estate, told the local paper that the downtown area of Baltimore is "experiencing massive value loss," adding, "If this trend continues unabated, Baltimore will face even more serious financial hardship, impacting all its residents and businesses, from neighborhoods to the waterfront."
The paper noted that city officials and business leaders said downtown's commercial struggles stem not only from crime but also from the era of remote work.
"A lot of these workers are still working from home, at least a few days a week. T. Rowe Price might have a trader who, in 2018, went to the office five days a week. Now he's coming in two or three days a week. As a result, the needed downtown office space is being downsized," said Richard Clinch, executive director for the University of Baltimore's Jacob France Institute.
While remote work is only part of the story, traders, wealth managers, and back-office staff at major financial institutions in the city are all saying the same thing: Baltimore's crime problem has become intolerable and is bad for business.
Related:
Already starting to emerge:
Baltimore's epic demise is a direct consequence of decades of failed one-party Democratic rule that prioritized left-wing social justice experiments and other left-wing policies over public safety, economic competitiveness, and basic law and order. City leaders sold voters on a progressive utopia, but what they delivered instead was an exodus of residents, capital flight, a recession-like business environment, and years of crime and chaos.
A vice president of finance at a major institution in the city confirmed that failed left-wing leadership at City Hall has accelerated Baltimore's death spiral .
Tyler Durden Sun, 04/26/2026 - 08:45 Close
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