Bit of an ego on that guy.
Pieces of Shit
31–40 of 84 posts
Re: Pieces of Shit
#32I read it. Its at best unhelpful and misguided and at worst actively harmful to the stated goals. Ultimately he is advocating for a political solution for what he believes is an economic problem. The issue here is that the cause of the problems he wants to resolve is not an economic problem at all, but a political choice. The proposal of preventing companies from purchasing property, for example is a clear cut exampl…
>Ultimately he is advocating for a political solution for what he believes is an economic problem.
>Three policy proposals:
>A 500% tax on advertising. [...]
>1% tax on the full amount of every trade. [...]
How is that a "political solution to an economic problem"? What would a non political solution look like to you? Why is it bad that it's a political solution to an economic problem? If it works, it works.
Re: Pieces of Shit
#33>1% tax on the full amount of every trade. Fuck off worthless HFT mega brain drain. Fuck off short termism in markets. I think a much better solution would be to mandate "slower" exchanges, i.e. exchanges would accumulate orders in a hidden queue and resolve them for example every 1 second, after that it would publicly publish all orders submitted to the last tick. For most market participants this change will be vir…
Why not? You pay taxes on every deal you make in the real world. And since you buy a part of a company that should be tax-worthy too. Tick-based exchange would probably just increase the problem (better prediction for ~HFT..or better call them HF-prediction then), but hey i really don't know, both solutions are better then none, i guess.
If we can put a sales tax on bread then we can put it on stock. Totally agree. I think, in general, taxes/credits are much better solutions to problems of economic incentives because they only change the incentives as opposed to the structures of the market.
Re: Pieces of Shit
#34From the blog: "Three policy proposals: A 500% tax on advertising. It’s a zero sum game with no benefit to society. If you are paying for eyeballs, you pay a 500% tax. Force companies with these trash addictive business models to find a way to work for the average person, not pimp them out. 1% tax on the full amount of every trade. Fuck off worthless HFT mega brain drain. Fuck off short termism in markets. Separation…
Most of the Ivy League, in addition to being the "Ivy League", were all founded as Christian institutions and have deep ties in their upper hierarchy due to theologians within the University having significant influence on their board of governors.
Re: Pieces of Shit
#35I agree with his first proposal.
My view is that the big AdTechs (mainly Google, Facebook, Twitter, Tiktoks and the likes) are one of the worst poisons that humanity has ever created.
They brainwash you, destroy democracies, create drama in order to shove ads down your throat.
And then they turn around and pat themselves on the back pretending to be good actors "making the world a better place". Leaders of those companies pretending to be good humanitarian beings drive me absolutely crazy.
I hope that we eventually all see them for that they are.
Re: Pieces of Shit
#36[deleted]
Re: Pieces of Shit
#37More than a little hypocritical to complain about crypto scams, when he himself created this "cheap eth" coin, gave himself a bajillion coins in the fork code without telling anyone, and then started shilling it in his stream. More info: https://news.ycombinator.com/item?id=26175655
doesn't matter if it's true
Re: Pieces of Shit
#38> Continue to let huge ad companies (stop calling them tech companies) rent seek and nickel and dime you on everything
+1 for calling FAANG ad companies
Re: Pieces of Shit
#39I read it. Its at best unhelpful and misguided and at worst actively harmful to the stated goals. Ultimately he is advocating for a political solution for what he believes is an economic problem. The issue here is that the cause of the problems he wants to resolve is not an economic problem at all, but a political choice. The proposal of preventing companies from purchasing property, for example is a clear cut exampl…
tHe MaRkEt Is GoInG To SoLvE tHiS
Re: Pieces of Shit
#40I read it. Its at best unhelpful and misguided and at worst actively harmful to the stated goals. Ultimately he is advocating for a political solution for what he believes is an economic problem. The issue here is that the cause of the problems he wants to resolve is not an economic problem at all, but a political choice. The proposal of preventing companies from purchasing property, for example is a clear cut exampl…
> any shortage of housing anywhere in the developed world is the direct result of government policy intended to drive that shortage ... or limitations driven by corporate greed
And that government policy is a direct result of corporate lobbyists operating upon member of congress, while their advertising and news media partners spray the public mindset with some rational why whatever they are lobbying is good.
It is either a political solution or violent revolution, because any economic solution is operating on a rigged playing field they Capitalists control 100%.