Earlier quoted context omitted.
Huh? The tax code isn't even close to 70,000 pages long. What specific document are you claiming to be 70,000 pages long? The Standard Federal Tax Reporter? That's not the tax code.
I see, you are correct. It's the explanatory material that has had to grow. While it's not a given, I would assume there there is a positive relationship between the code and the explainers.
The rise of the corporate colossus is a giant problem
111–120 of 151 posts
Re: The rise of the corporate colossus is a giant problem
#112Earlier quoted context omitted.
In my (uneducated) opinion, the specific problem is that the people, through their governments, lose control over these large, global entities that affect their daily lives. When they get this big, there's no way to tax them and no way to punish them for wrongdoing - they could just move to a friendlier country, use loopholes, etc. Of course, thanks to various trade agreements, they will still have access to our mark…
I know it's not an too popular opinion here on HackerNews and I'd say you're sort of right, but you got it in reverse. The problem is not that it's hard to control or tax companies, the problem is that it's not as easy for you or me to do the same. You have to have significant resources to break free from local restraints, which is really unfortunate. It's also a lot of resources that gets spent, just so people or co…
but indeed that they are out of control: they can remove money from an arbitrary economy and not necessarily put it back (see apple that sitting in an incredible amount of cache) => (they dont need to hire people locally.. at least not as much) => they -at the moment are- making poor countries/people even poorer, rich ones even richer => they have more and more power in less and less hands
Re: The rise of the corporate colossus is a giant problem
#113Earlier quoted context omitted.
Some seem ridiculous, and some don't. That said, I've seen some called ridiculous that I thought made sense. E.g. I've seen people call requiring nutritional data be available a ridiculous regulation. Maybe the ones I find ridiculous makes sense to some people out there.
Hm, I do like products with nutritional data. But isn't the non-regulatory solution here to just not buy products without nutritional data if so? I mean, I'd certainly contact my favorite brands and request that. If they won't hear me, then maybe there's a local alternative that could?
Re: The rise of the corporate colossus is a giant problem
#114Earlier quoted context omitted.
Gvien the forum we're on, it's worth pointing out that today's white collar laborers are capturing one or two orders of magnitude less of the value they're creating than the blue collar workers of 1990's detroit. 360 billion* divided by 1.2 million = 300000 "per employee". Typical salary to 40,000ish-100,00ish range for laborers/engineers. The disparity in those numbers isn't so bad at all. Conversely, 1 trillion div…
"today's white collar laborers are capturing one or two orders of magnitude less of the value they're creating than the blue collar workers of 1990's detroit." Which is why the problems associated are much more about the macro-economy than they are about silicon valley. The middle class is being gutted before our very eyes while the elite gobble up more and more of the "created value" through the power of technology.
Re: The rise of the corporate colossus is a giant problem
#115Earlier quoted context omitted.
Gvien the forum we're on, it's worth pointing out that today's white collar laborers are capturing one or two orders of magnitude less of the value they're creating than the blue collar workers of 1990's detroit. 360 billion* divided by 1.2 million = 300000 "per employee". Typical salary to 40,000ish-100,00ish range for laborers/engineers. The disparity in those numbers isn't so bad at all. Conversely, 1 trillion div…
The difference is that the autoworkers were organized and used collective bargaining to capture more value.
On the one hand, we had a few decades of unprecedented sharing of prosperity. Those times have ended.
On the other hand, the unions have become their own sclerotic system of oppression. The greater pity, they do not see it that way.
Especially once all this “deregulation” has finished. Actually, it was not deregulation, but divestiture of public services to the plutocrats. Barely any regulations have been removed.
Now we have basic services supposedly available on a free market, but in practice there are so many requirements that it’s all crony capitalism. And one of the major powers fighting for its share of the bureaucracy and waste is the unions. That’s one reason why it costs so much and takes so long to do anything in an industry controlled by unions.
Unions are nice, but tricky to do right, and currently there are a lot of bad examples.
Re: The rise of the corporate colossus is a giant problem
#116Earlier quoted context omitted.
"today's white collar laborers are capturing one or two orders of magnitude less of the value they're creating than the blue collar workers of 1990's detroit." Which is why the problems associated are much more about the macro-economy than they are about silicon valley. The middle class is being gutted before our very eyes while the elite gobble up more and more of the "created value" through the power of technology.
Wealth isn't zero sum. Creating something of value doesn't take anything away from anyone else.
There’s the matter of supply and demand. Nothing comes out of nowhere. When you create a thing, you demand some resources, and then the next person has to pay more for the same resource. Even for a creative output from yourself, you need food and shelter. (And what a controversy shelter has become, in the San Francisco Bay Area.) In the ideal case, the resources you consume enable you to create more wealth than you cost to the rest of society, and thus society benefits. (Not the now homeless person in San Francisco, though.)
Technology is sort of weird in that consumption actually decreases costs, in some situations. The semiconductor companies are paying exponentially increasing costs for state of the art fabs, and they need to keep the fabs selling at peak capacity to make a profit. Also, software is merely knowledge, with very low reproduction costs, so a small production of software can be consumed on a vast scale across the planet, and facilitate the production of more software, enriching people’s lives. This does not make it easy to reward the creators fairly.
Re: The rise of the corporate colossus is a giant problem
#117Earlier quoted context omitted.
All data associated with my user account, perhaps with some kind of a schema if applicable. Other services could then implement data import features for this, or for just the part of the data that concerns the service they are providing. Basically, it should be clear that all data connected to a person is irrevocably theirs. Any provider can build services for taking advantage of the data -- but it'd be the user's ri…
Does this mean that before I can add any features to my product, I have to wait for them to be part of the data standard?
Re: The rise of the corporate colossus is a giant problem
#118Earlier quoted context omitted.
The solution is simple. Stop taxing profits. Tax consumption. Defining "profit" is nigh impossible. Starbucks is headquarted in the United States. Their research in Canada. Their beans from Columbia. European distribution is out of Germany. London finances new franchises. A location in France sells a latte for 4€. How much of that 4€ is profit and how big of a slice does each country get? Because each country has a v…
In other words, use VATs, not income taxes... It seems that every country that use them decide to apply them in addition to income taxes. And that means the VAT is never big enough, and there is no political climate to gradually replace one with the other. In theory, a VAT, land taxes, and universal income should form the perfect taxation system together.
Re: The rise of the corporate colossus is a giant problem
#119Earlier quoted context omitted.
Does this mean that before I can add any features to my product, I have to wait for them to be part of the data standard?
It is possible to make a schema such that you can add whatever you want. And this only applies to exporting the data anyway.
Re: The rise of the corporate colossus is a giant problem
#120Earlier quoted context omitted.
I'd flip that around and say that's $70bn saved for people. It's not called a tax break for nothing. Why do you consider the mortgage interest deduction an abomination?
Because it's hugely regressive.