I guess inflation isn’t a concern after all.
When you can hedge against inflation with insider trading, no. It's not your problem. It's just a problem for the little people.
Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
221–230 of 489 posts
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#222Earlier quoted context omitted.
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.
I’m all for healthy free lunches for poor kids. Is it really necessary to give free meals to all Palo Alto kids independent of financial status? https://www.paloaltoonline.com/news/2022/06/19/palo-alto-uni...
I'm all for free public education for poor kids. Is it really necessary to give free public education to all Palo Alto kids independent of financial status?
Snark aside, the answer is: it's much simpler to manage a program that offers the same thing to everyone regardless of income than it is to manage a program that has to work out who deserves it. And offering it to all avoids stigma.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#223Earlier quoted context omitted.
There are basically only 3 close-to-cutting edge foundries left - Intel (American), Samsung (South Korean) and TSMC (Taiwanese), and TSMC is in the lead by quite a bit. We're getting extremely close to the end-game of moore's law, so the lifetime of a <7nm fab is likely to be long, and there are likely to only ever be a handful built because they are absurdly expensive (20+ Billion dollars), particularly if you can't…
Unless I'm mistaken, Micron and Texas Instruments have their own foundries as well.
They do but they have explicitly given up the game of competing to be the first to the next fastest smallest digital logic (i.e. cutting edge nodes).
Micron is still pushing DRAM and NAND tech but it's more for cost cutting since they are strictly commodities. The work it takes to be a pure-play fab like TSMC is pretty different - lots of working with fabless vendors to bring up their chips. Even Intel isn't any good at this (yet). It's a collaborative process.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#224Earlier quoted context omitted.
Unlikely, because many states then cut those assistance programs when given the opportunity. It's more likely that the 'state' argument is a way to achieve their ideological ends (cutting the program.) That said, this bill is a very positive development. Investing in local manufacturing and R&D is a great idea, and it will help the economy. Hopefully it will efficient and money will not be captured by rent-seekers or…
Isn't that how it's supposed to work? The state is supposed to pass laws that represent the will of its constituents. If the majority of the people living in the state are opposed to such a program, then they shouldn't have such a program. The scope of the federal government is supposed to be for coordinating cross-state stuff that states alone can't decide for themselves.
> The state is supposed to pass laws that represent the will of its constituents. If the majority of the people living in the state are opposed to such a program, then they shouldn't have such a program.
You're ignoring that gerrymandering districts allow politicians to enact policies that don't reflect the will of the people.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#225Earlier quoted context omitted.
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.
I’m all for healthy free lunches for poor kids. Is it really necessary to give free meals to all Palo Alto kids independent of financial status? https://www.paloaltoonline.com/news/2022/06/19/palo-alto-uni...
I keep asking the same thing about why it's necessary for malloc to give so much memory to Electron, but they are way less friendly on the glibc mailing list to that argument for some reason.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#226Let the congressional insider trading begin!
Already done. Speaker of houses husband bought 5 million dollars of Nvidia stock right before this bill.
https://nypost.com/2022/07/23/nancy-and-paul-pelosi-are-trad...
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#227Earlier quoted context omitted.
Unlikely, because many states then cut those assistance programs when given the opportunity. It's more likely that the 'state' argument is a way to achieve their ideological ends (cutting the program.) That said, this bill is a very positive development. Investing in local manufacturing and R&D is a great idea, and it will help the economy. Hopefully it will efficient and money will not be captured by rent-seekers or…
Isn't that how it's supposed to work? The state is supposed to pass laws that represent the will of its constituents. If the majority of the people living in the state are opposed to such a program, then they shouldn't have such a program. The scope of the federal government is supposed to be for coordinating cross-state stuff that states alone can't decide for themselves.
If we wanted local control then local towns/cities and counties would have the most power in our system. Instead things are reversed so smaller units of government have progressively less power.
This makes sense because we want people to freely move around the country without encountering wildly different systems in every small town.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#228Earlier quoted context omitted.
This is a shallow analysis. You can’t just look at the price tag, you need to think about the value too (more generally, the ROI). A $10 coffee can be too expensive while a $1000 MacBook is really cheap. I’m not making any particular claims about the free school meals program, just noting that this argument doesn’t hold water as it stands. Semiconductor manufacturing is of military and geopolitical significance so it…
> Semiconductor manufacturing is of military and geopolitical significance so it makes a lot of sense that the government is willing to spend big here. You expounded on the value of semiconductors but you didn't on the value of feeding children that would go hungry otherwise. This is why saying > This is a shallow analysis. rings hollow. The value of feeding the next generation of Americans and ensuring they do not g…
Poor children are still eligible? Nobody is going hungry
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#229Earlier quoted context omitted.
Unlikely, because many states then cut those assistance programs when given the opportunity. It's more likely that the 'state' argument is a way to achieve their ideological ends (cutting the program.) That said, this bill is a very positive development. Investing in local manufacturing and R&D is a great idea, and it will help the economy. Hopefully it will efficient and money will not be captured by rent-seekers or…
Isn't that how it's supposed to work? The state is supposed to pass laws that represent the will of its constituents. If the majority of the people living in the state are opposed to such a program, then they shouldn't have such a program. The scope of the federal government is supposed to be for coordinating cross-state stuff that states alone can't decide for themselves.
States Government don't have the taxing power of the Federal Government.
The only way to solve this equation is to drop Federal Government taxing power to as close to zero as possible and zero may not be enough as states power is likely to drop.
If economics was a harder science, it would be about mathematically proofs of these possibilities.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#230Earlier quoted context omitted.
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.
I’m all for healthy free lunches for poor kids. Is it really necessary to give free meals to all Palo Alto kids independent of financial status? https://www.paloaltoonline.com/news/2022/06/19/palo-alto-uni...
Most likely only those who need it will take it, and making it available to everyone makes it simpler to manage.
I went to a public school in Uruguay and we had a daily free meal (not really lunch, it was more of a snack, school ran 13 to 17 for me) and I never went to get mine, but I always had a couple of classmates who didn't get a square lunch at home and they went to get that.