Has Silicon Valley Gone Maga?
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Re: Has Silicon Valley Gone Maga?
#2Re: Has Silicon Valley Gone Maga?
#3I don't understand this myopic thinking. Maybe a Trump administration will deregulate Big Tech, but how does that help you when the EU will just block you and fine you? What's the real gain to be had there?
What's the point in having your tax burden reduced if it means realizing greater interest? Have they forgotten that Trump had the largest increase in US deficits in history? Have they forgotten that those deficits, along with wrecking the global supply chain before the pandemic due to a trade war with China created the inflation that we're just now getting under control? What's the point in expanding your business when your customer is unable to buy any more product?
The Big Tech Billionaires may know a thing or two about business, but it's becoming clear they don't know much about economics - and ultimately, that ignorance is going to hurt their business.
Re: Has Silicon Valley Gone Maga?
#4I don't understand this myopic thinking. Maybe a Trump administration will deregulate Big Tech, but how does that help you when the EU will just block you and fine you? What's the real gain to be had there? What's the point in having your tax burden reduced if it means realizing greater interest? Have they forgotten that Trump had the largest increase in US deficits in history? Have they forgotten that those deficits…
I don't understand...
1. How a few people translate to the entire SV... (well, I do because hyperbole is what media does now, they stopped being journalists)
2. What the GOP platform is for prices & inflation. Tax cuts, 10% tariffs, forcing interest rate cuts, and mass deportation would all seem to lead to more money in the economy or direct price increases
Re: Has Silicon Valley Gone Maga?
#5I don't understand this myopic thinking. Maybe a Trump administration will deregulate Big Tech, but how does that help you when the EU will just block you and fine you? What's the real gain to be had there? What's the point in having your tax burden reduced if it means realizing greater interest? Have they forgotten that Trump had the largest increase in US deficits in history? Have they forgotten that those deficits…
I don't understand... 1. How a few people translate to the entire SV... (well, I do because hyperbole is what media does now, they stopped being journalists) 2. What the GOP platform is for prices & inflation. Tax cuts, 10% tariffs, forcing interest rate cuts, and mass deportation would all seem to lead to more money in the economy or direct price increases
The GOP can't force interest rate cuts unless they eliminate the Federal Reserve, and if they do that we're straight back to the boom/bust cycles of the late 19th century - which doesn't help the economy. Since we know tax cuts for millionaires and billionaires does not lead to economic growth and only serves to increase federal deficits, the policies the GOP favors lead to interest rates increases. Like I said, we just got their last round shenanigans under the previous Trump administration under control.
Re: Has Silicon Valley Gone Maga?
#6I don't understand this myopic thinking. Maybe a Trump administration will deregulate Big Tech, but how does that help you when the EU will just block you and fine you? What's the real gain to be had there? What's the point in having your tax burden reduced if it means realizing greater interest? Have they forgotten that Trump had the largest increase in US deficits in history? Have they forgotten that those deficits…
I don't understand... 1. How a few people translate to the entire SV... (well, I do because hyperbole is what media does now, they stopped being journalists) 2. What the GOP platform is for prices & inflation. Tax cuts, 10% tariffs, forcing interest rate cuts, and mass deportation would all seem to lead to more money in the economy or direct price increases
> 2. What the GOP platform is for prices & inflation. Tax cuts, 10% tariffs, forcing interest rate cuts, and mass deportation would all seem to lead to more money in the economy or direct price increases
I hate to be this cynical because I think policymakers and economists who lean in different ideological differences all have contributions to make, and in some way probably value right wing economic ideas slightly more than left wing ones
But It seems pretty clear to me that the goal of the Republican platform is just to be as self serving as possible and there is no actual plan for a healthy economy, and at best they might engineer temporary economic outcomes that benefit certain groups, I wouldn’t be surprised it there’s some kind of big economic crash aka 2008 in the next 10 years.
I would be genuinely interested to hear how I’m wrong.
Re: Has Silicon Valley Gone Maga?
#7Earlier quoted context omitted.
I don't understand... 1. How a few people translate to the entire SV... (well, I do because hyperbole is what media does now, they stopped being journalists) 2. What the GOP platform is for prices & inflation. Tax cuts, 10% tariffs, forcing interest rate cuts, and mass deportation would all seem to lead to more money in the economy or direct price increases
The GOP can't force interest rate cuts unless they eliminate the Federal Reserve, and if they do that we're straight back to the boom/bust cycles of the late 19th century - which doesn't help the economy. Since we know tax cuts for millionaires and billionaires does not lead to economic growth and only serves to increase federal deficits, the policies the GOP favors lead to interest rates increases. Like I said, we j…
I have a question maybe you know, are boom and bust cycles good for the economy long term? Or is it too extreme to be useful,
Like my understanding of risk in financial markets is that (though of course a security could go bust) a high risk security is one that has bigger swings, but that those bigger swings lead to bigger long term gains.
I guess even if things go bust if you’re let’s call it morally flexible, boom cycles give you a better chance of making your millions.
Re: Has Silicon Valley Gone Maga?
#8[flagged]
Re: Has Silicon Valley Gone Maga?
#9I don't understand this myopic thinking. Maybe a Trump administration will deregulate Big Tech, but how does that help you when the EU will just block you and fine you? What's the real gain to be had there? What's the point in having your tax burden reduced if it means realizing greater interest? Have they forgotten that Trump had the largest increase in US deficits in history? Have they forgotten that those deficits…
The article is pretty good, and makes a useful distinction that's getting lost in the comments:
The Big Tech Billionaires are not supporting Trump. 80% of Internet company donations have gone to Democrats, and Big Tech veterans like Reid Hoffman (LinkedIn founder and Microsoft board member) and Michael Moritz (Sequoia Capital partner) are still firmly in the Democratic camp. VC billionaires (and in particular, the PayPal Mafia) are supporting Trump.
Interests are not aligned between VCs and large tech corporations. They compete for both employees and markets. Big Tech's loss is generally the startup ecosystem's gain; many of these VCs are supporting Trump because he will break up or otherwise hobble Big Tech.
Re: Has Silicon Valley Gone Maga?
#10The article is really about how a few people got rich in silicon valley stand to get richer with a republican government.
Someone calling Biden the worst president in his life?
Such a disconnect from reality