COVID Insanity and Religion

Originally posted as a Twitter thread on February 20, 2021


Covid rules, beliefs, and passions are a 21st century religion, with orthodoxy, heretics, and apologists.

Religion once incorporated “all answers to the unknown.” Why does the sun rise? Where did we come from? What is right and wrong? What happens when we die?

Then came science, which is about falsifiable, testable, reproducible hypotheses. “I like the color blue” isn’t falsifiable/testable, nor are questions of morality. “The earth rotates due to preservation of angular momentum” is. So is “the earth is flat” (it was falsified).

“You can’t sit on a park bench” or “You can’t eat inside unless it’s at an airport” isn’t science without *setting and testing a hypothesis.* It’s an insult to science. Some follow these rules blindly. Some fight them blindly. Some make them blindly. It’s religion.

America is a land of many religions and levels of observance. It’s remarkable how these psychographic traits manifest in terms of calls for enforcement (“he’s not wearing a mask over his nose! Call the cops!”), calls for denial (“Bill Gates vaccine mind control”) etc

What I find fascinating is how many secular people have embraced orthodox Covid religion, whereas how many very religious people have wholly rejected it. What is the reason?

Conformists and skeptics are but two types — there are also those who craft the laws, those who hypocritically violate while endorsing them, those who pretend to believe out of fear, etc. All this has tons of past precedent through our millennia of experience with religion…

My biggest concern is that when “science” is thrown around without being science, it casts doubt on other things that emerge as part of the actual scientific method. Throw in probability and it gets even worse/easier for people to throw out anything coming from “science”

There ARE a lot of fake claims out there. Vaccines and autism. 5G and cancer. Those on the side of actual science should be offended — and fight hard! — against the bastardization of the term science and “Covid Religion”…because we are heading towards “boy who cried wolf”

SPACs in 2021

Originally posted as a Twitter thread on February 14, 2021


Why are there so many SPACs?

Answer 1: Great economics for sponsor (average of 20% of money raised upon deSPAC / merging with a target, Eg $400M SPAC = $80M). It’s like a separate carried interest pool for each company and liquid since already public!

Answer 2: Great economics for investors assuming 0% interest rates (get 100% of your money back if you don’t like the deal! Get warrants just in case you do!). There is no reason NOT to invest in every SPAC at IPO if your alternative is a Bank of America checking account.

Answer 3: TINA (There Is No Alternative), especially given investor inability to access private companies.

However, it’s clear there are way more SPACs than targets (b/c answer #1 in particular). In which case the beneficiary will be…investment bankers who raise the SPACs 🙂

Bureaucracy is a Regressive Tax

Originally posted as a Twitter thread on February 11, 2021


Bureaucracy – in government, the medical system, and more – is a HIGHLY regressive tax in that rich people can pay to solve problems, and the poor must use their time, miss work and lose income…and more.
This is why I love @DoNotPayLaw + @jbrowder1

This is not hyperbole…

I had to go to the ER a few months ago. My bill didn’t match my insurance statement. Insurance company tells me not to pay. Provider threatens to report me to collections. This consumes HOURS of times and damages credit, making borrowing (and living!) more expensive

I am lucky to be able to say “it’s not worth my time” and do just fine — either pay it or deal with the consequences, which are insignificant to me. Millions cannot.