As the Internal Revenue Service (IRS) continues its aggressive modernization efforts, the integration of Artificial Intelligence (AI) and advanced machine-learning algorithms has fundamentally shifted the landscape of tax compliance for high-net-worth (HNW) individuals and families. While the agency positions these
Technology may unintentionally bring us back toward a very old model of capitalism: the owner-operated business. For much of the twentieth century, economic scale often required managerial scale. Businesses became enormous organizations because coordinating thousands of people was necessary to
The infrastructure supporting advanced AI is becoming extraordinarily expensive. Data centers require enormous amounts of electricity, land, semiconductors, cooling systems, networking equipment, and capital. That creates a potential problem. AI may give small teams unprecedented intellectual leverage while simultaneously requiring
For most of modern business history, scale was an enormous advantage. If you wanted to build something important, you generally needed a lot of people, a lot of capital, and a lot of infrastructure. Large companies could afford the lawyers,
