It'll be money wasted. They should be paying out a large sum ONLY on completion, defined as when the first 10 million semiconductors are delivered to commercial customers.
I'm not an expert but that could be considered dumping by the WTO
Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
291–300 of 489 posts
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#292Earlier quoted context omitted.
I don’t think subsidizing them has been a success. I think tariffs and awarding contracts to the best domestic manufacturers are the way forward. That’s why SpaceX took off, they won contracts. Boeing effectively lobbied to regulate others out of existence. Bought off who they could, then won grants and contracts because there was no one else.
As they say "competition is for losers". They've all figured that out lol.
Sun Tzu would say you don’t take to the battlefield unless you have already won.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#293Earlier quoted context omitted.
> Paul Pelosi purchased on June 17, 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, the Daily Caller reported, citing disclosure reports filed by the House speaker. Price on June 17 was $158, right now it’s $178
He bought the options back in summer of 2021. He decided to exercise them rather than let them expire worthless. His price was probably around 180/share. >In a periodic transaction report, the senior Democrat disclosed that her husband, financier Paul Pelosi, sold 25,000 shares of Nvidia for about $4.1 million, ending up with a loss of $341,365.
That makes no difference, he could have sold the options for their intrinsic value on expiration (Friday June 17) he doesn’t have to let them expire worthless. Instead he exercised them, committing $4m in capital prior to the bill passing and made $20 per share
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#294It 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…
> 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. That's misleading framing…
> More accurately: there's more consensus around national security spending than social spending.
Is there? Or is there just more consensus among the elite and Ivy League educated who dominate security discussion and policy?
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#295Earlier quoted context omitted.
The idea behind it is not to embarrass the poor kids who need the free lunch by making lunch just free.
And then the government gets to decide what the lunches are for everyone.
>And then the government gets to decide what the lunches are for everyone.
Well, no. You always have the option to bring your lunch if you can afford it. So the government gets to decide what the lunches are for poor people who don't have another option. Take that for what it is, but shit lunch is better than no lunch, ask any hungry person.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#296Earlier quoted context omitted.
Ah, yes, the ol' write your congresspeople. Part of the problem is that for years they are running on these platforms saying they will help the people but end up not doing any of the things they say they are going to do.
Democracy doesn't mean everyone gets what they want. You are not the only constituent with a voice.
In today's democracy you only get what you want if what you want is coincidentally the same as what their donors want.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#297Earlier quoted context omitted.
Ah, yes, the ol' write your congresspeople. Part of the problem is that for years they are running on these platforms saying they will help the people but end up not doing any of the things they say they are going to do.
Democracy doesn't mean everyone gets what they want. You are not the only constituent with a voice.
Then it should be pretty easy to undermine your democracy. Just increase the number of people per representative such that each representative has plenty of constituents that align with whomever pays most into your campaign.
And alas, USA is one of the least represented democracies in the world at 596,060 constituents per legislator. Compared to China’s 454,930, Brazil’s 353,783, South Africa’s 98,726 or France’s 71,631 constituent per legislator.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#298Earlier quoted context omitted.
They only killed universal free lunch, not the means tested part. Poorer kids are still getting free lunches and now the richer families have to pay for school lunches. They ended welfare for the wealthy.
I went to a public elementary school in New York state in the early 2000s, and only kids who needed free or reduced school lunch prices got it. The rest of us paid $1.75.
I had the same experience in semi-rural Iowa, and I believe there was also a small morning program for kids who didn’t get breakfast at home.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#299Earlier quoted context omitted.
It’s almost as if that’s not the ideology at all!
Yep. In the US, a lot of the time support for one program or another is given not on the basis of ideology, but rather on the basis of whether or not the beneficiaries of a program provided commensurate, um, "campaign contributions". Pretty sure impoverished school kids contribute pretty much zero to political campaigns.
Increasingly campaigns are funded almost entirely by small dollar donations raised through social media. This is about to make US politics really weird, and I'm not sure what to think of it.
Also basically all legislation that passes which is very little, is written by the staffers of House and Senate leadership without going through committee. It's then handed to members to rubber stamp on the floor if the votes are already secured. Buying some random senator or rep is basically worthless these days unless they hold swing vote and can't be primaried for some reason.
Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips
#300It 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…
> 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. That's misleading framing…
Or the tl;dr, there’s always money available for things that directly make money and when it comes to government repayment is in the form of jobs and GDP growth.
“But free school lunches also provide a positive ROI!” I agree with you, now convince your representative of it.