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Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

washingtonpost.com

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Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#161

Post by vxNsr »

djbebs wrote: post #122
vxNsr wrote: post #34

The sane way to do this would have been to give the handouts on condition of no stock buybacks for 10 years and cap total exec compensation for similar amount of time for any company that accepts the handouts. This should be true for any company that accepts gov money. The gov doesn't give money to benefit the stockholders, they’re doing it to benefit the larger economy and country. Stock holder shouldn’t even be con…

Profit isn't a sin, and if you want shareholders to do something for you, why do you think they will want to do it if there is nothing in it for them?

No one is asking shareholders to do anything… We’re having the government give the company money for a joint venture. If the company uses it wisely in the way they promise they would, everyone, including the shareholders benefit.

If the company cynically takes the money, intentionally fails to uphold their side of the contract, and then rebuffs attempts by the government to reclaim the money, while that might be in the interest of the shareholders they haven’t actually done anything there and don’t deserve to benefit. In fact they should be punished (along with the executives) for being unethical.

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#162

Post by Nowado »

mbostleman wrote: post #156
pm90 wrote: post #20

WaPo article, which has more details about the bill and less details about what different “personalities” are saying: https://www.washingtonpost.com/politics/2022/07/27/senate-ch... . Overall, it looks great. We absolutely need to fund more semiconductor manufacturing. Losing that ability to China/Taiwan was just a terrible strategic mistake. The US hasn’t lost this battle (over semiconductors) just yet. While curren…

>>While current manufacturing is indeed dominated by East Asian countries, the vast majority of research still happens in US universities. This legislation allocates more funding for that research…>> I suspect there’s more to it than this, but to the extent there’s not, this doesn’t make much sense. If the monetization of our research ends up in China’s control, how does it help to fund more research. Apparently rese…

Location of manufacturing doesn't determine location of monetization.

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#163

Post by djur »

Someone1234 wrote: post #129

It should be noted that the US decided not to extend the universal free school meals program, because it was "too expensive" at $11B. They also stopped the expanded and early payment of family tax credits, causing a double-whammy hit to poor families (then pile on inflation/food prices, and gas prices). But $50B to large monopolistic companies isn't "too expensive," and we can afford that . Unfortunately 52 senators…

A substantial number of those 52 senators oppose free school meals not because they're "too expensive" but because the policy itself (the government giving free food to children) is something they object to on ideological grounds. A much smaller subset of that group also oppose the government giving free stuff to industry, but in either case the cost is not what they're concerned about.

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#164

Post by golemiprague »

Someone1234 wrote: post #129

It should be noted that the US decided not to extend the universal free school meals program, because it was "too expensive" at $11B. They also stopped the expanded and early payment of family tax credits, causing a double-whammy hit to poor families (then pile on inflation/food prices, and gas prices). But $50B to large monopolistic companies isn't "too expensive," and we can afford that . Unfortunately 52 senators…

No post body was provided.

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#166

Post by chmod600 »

djur wrote: post #163
Someone1234 wrote: post #129

It should be noted that the US decided not to extend the universal free school meals program, because it was "too expensive" at $11B. They also stopped the expanded and early payment of family tax credits, causing a double-whammy hit to poor families (then pile on inflation/food prices, and gas prices). But $50B to large monopolistic companies isn't "too expensive," and we can afford that . Unfortunately 52 senators…

A substantial number of those 52 senators oppose free school meals not because they're "too expensive" but because the policy itself (the government giving free food to children) is something they object to on ideological grounds. A much smaller subset of that group also oppose the government giving free stuff to industry, but in either case the cost is not what they're concerned about.

Or, perhaps feel that state governments are better suited to those kinds of assistance programs.

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#167

Post by kube-system »

samstave wrote: post #65

When will senate pass a technological test. Lets make these blokes take a MINIMAL entry level exam; * What is a data base * What is personal identifiable identification and why does it mattter * What does a walled garden mean So many functionally identifiable comms These fucking morons cant even state the above. De-Seat them all.

People in leadership positions don't necessarily need to be domain experts to be good leaders. The problem with Congress is money, not a lack of domain expertise. A leader with the right incentives, without domain expertise, knows how to ask questions to the right people.

Your congressperson doesn't know what a database is because they don't care, not because they're dumb.

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#169

Post by crmd »

LMYahooTFY wrote: post #56
pm90 wrote: post #20

WaPo article, which has more details about the bill and less details about what different “personalities” are saying: https://www.washingtonpost.com/politics/2022/07/27/senate-ch... . Overall, it looks great. We absolutely need to fund more semiconductor manufacturing. Losing that ability to China/Taiwan was just a terrible strategic mistake. The US hasn’t lost this battle (over semiconductors) just yet. While curren…

> and less details about what different “personalities” are saying What are these? Can you quote them? Pompeo could qualify I suppose? Though he was Secretary of State, which seems to be more than a "personality". The rest of the "details" are about the opinions of congressmen, not "personalities".

I’m only interested in the hard facts - the provisions in the bill, and not in horseshit PR statements from politicians.
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