Dwarkesh Patel: prediction

Transcript context

…othetically "Dwarkesh merch store" will have to pay the town of Uppsala in Sweden, which will have a special tax on baseball caps. And you will need to know about that particular tax on baseball caps. And for any baseball caps that you are selling to the Uppsalians, you'll have to collect that amount from the buyer, report to Uppsala, and then eventually figure out how you're going to get that money to Uppsala. Obviously, it's this combinatorial problem of buyer jurisdictions and product types, and then all the different jurisdictions that you have to remit the money to. As to those amounts, we're not talking three basis points — the taxes in question are often 5% or 10%, so it's not trivial. As I think about the funds flows on the internet and how all that's evolving and unfolding, I think changes in tax law are actually a much bigger deal than anything about the transactional economics. By the way, it's not the Dwarkesh podcast, it's Lunar Society Podcast LLC registered on Stripe Atlas. Any merchandise I sell in the future, Stripe will take care of that. Yes, OK. If anyone has Stripe complaints.…

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