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What I Read This Week...

chamath.substack.com · 328 words · saved by 1 readers

You can't trust Congress's budget estimates, Elon Musk announces the first Neuralink implant, and children who transitioned from one gender to another are de-transitioning

Read our AI Deep Dive Watch All-In E164 Caught my eye… In 2021 and 2022, Congress passed several subsidies that made Obamacare significantly cheaper and more accessible on the basis that it would cost just $64Bn over three years. But the cost for this year alone is expected to reach $70Bn. Other open-ended subsidies like the pandemic Medicaid expansion cost more than six times Congress’s original $50 billion estimate, and the COVID Employee Retention Tax Credit, initially estimated at $55Bn, may cost upwards of $470Bn. You can’t trust Congress’s budget estimates. Elon Musk announced that…

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