221–230 of 265 posts
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Just an FYI - I'm not sure what word you were reaching for, but it wasn't 'platitude' in this context. Perhaps 'plethora' or 'multitude'.
Neither would work well with the preceding ‘wide’.
It's a long road from Steve Jobs' "Those jobs are not coming back" to Obama.
Jobs was talking about cheap manufacturing jobs in China.
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Why aren't you a shareholder? EDIT: sure - downvote me all you want. The question is still around.
Getting rich via investment depends on having income above a threshold which is set by the cost of living. If you spend 50% of your income every year and stick the rest into the stock market and get 6% or so after inflation, you can sustain your spending without working after about twelve years. If you spend 90% of your income every year and stick the rest into the stock market and get 6% or so after inflation, you c…
There are more categories than the ultra rich and the incredibly poor. Stop that.
A lot of people can save 10-20% in stocks (such as via index funds.) A lot of people would rather not do this and still complain and point sticks at "the rich."
What can you do?
"The reason is that being a shareholder only matters for those already making a ton."
Is simply wrong and nonsensical. I don't make a ton, I am not ultra rich, it matters a lot to me to be a shareholder. It matters because that way I get to make money when "they" do.
How about they pay taxes, for a start?
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Apple and much US associated supply chains have already been moving away from China. Media is regularly coming up where the side effects are reported, for example the Foxconn contractor in India. The US lacks the infrastructure to leverage talent or capacity domestically. The only thing that will fix this is government policy--otherwise Silicon Valley would have decent transit, no homelessness and California would ha…
>The US lacks the infrastructure to leverage talent or capacity domestically I dont think infrastructure is the root of our (US) problem. We do have a skills, and talent gap. not just in "tech jobs" like many people think but at factory floor level as well. Even if they could open the factories tomorrow finding people to fill those jobs will be hard.
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You've just described trickle down economics but for society. Companies are more than welcome to make themselves at home iff they pay their dues, and should not be welcome if they don't.
How is economic growth trickle down for the society? It is not. Strong economic growth is the best thing to level up a society. What is really trickle down for the society? The dead loop between more taxes and economic stagnation.
Companies will seek the lowest taxes in an area that suits them. If they're building in America, it's because it behooves them to build in America. There are lots of places they can go to lower taxes, but they're not competitive.
So you still have companies who are VOLUNTARILY building industry in places with high taxes, because it behooves them. Can you see how a race to the bottom in this regard is damaging? They're already committed to paying high taxes, its just a matter of how high. So—do you really want to be the place that cheats yourself out of the most income, for a company that really doesn't care if they settle in your county, the next one over, or the one across the country?
The minute you become noncompetitive, the company will move, and your countrymen are the people who paid for it. The real winner? the company, who got to hang onto more of their vast profits. :-) Apple committed almost $100B a year. And places are fighting over... how much tax revenue? there's plenty of room for fair taxation.
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Getting rich via investment depends on having income above a threshold which is set by the cost of living. If you spend 50% of your income every year and stick the rest into the stock market and get 6% or so after inflation, you can sustain your spending without working after about twelve years. If you spend 90% of your income every year and stick the rest into the stock market and get 6% or so after inflation, you c…
You construct the same kind of false dichotomy that is so incredibly common among the but duh rich and duh poor blahblah do. There are more categories than the ultra rich and the incredibly poor. Stop that. A lot of people can save 10-20% in stocks (such as via index funds.) A lot of people would rather not do this and still complain and point sticks at "the rich." What can you do? "The reason is that being a shareho…
Making $50k and spending $45k versus making $90k and spending $45k.
Nice! I wonder when we will all start living inside campuses. They definitely look nicer than most public cities.
I've been postulating privately that we will move towards opt-in private governments, with private cities, that people get citizen scores and have no privacy, and that we will _choose_ to do that, because it will be a utopia inside those walls. Your suggestion here solidifies that in my mind. We will live on private campuses owned by the corporation for which we work. It will be a utopia in there. And we will have no…
Companies have tried their hands at being the government in the past, and the outcome has always been.... something less than utopian.
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>The US lacks the infrastructure to leverage talent or capacity domestically I dont think infrastructure is the root of our (US) problem. We do have a skills, and talent gap. not just in "tech jobs" like many people think but at factory floor level as well. Even if they could open the factories tomorrow finding people to fill those jobs will be hard.
Personally I see infrastructure as the thing that gets qualified people to productivity and keeps them productive (jobs or whatever form that takes), and I also expand the notion of infrastructure to include a society and community with effective education and healthcare to maximize the human capital of the group. Given this I see infrastructure and the various components of it as decades behind in the US and Apple w…
This is the current Democrat definition of the word where everything from health care to education is "infrastructure", that is not what the average person would consider to be "infrastructure".
Healthcare and Schools are not "infrastructure", "infrastructure" would be Roads, Power, Communications, Basic Utilities, etc etc etc.
>> Just consider the process of applying for an SBIR or finding a job or starting a startup or getting from SF to San Jose, etc.
Given that California is the least business friendly state in the union, in fact it is down right hostile to business I would image doing anything in CA is pretty hard
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> I suspect they really were going to spend a significant chunk of this regardless Regardless of what?
Regardless of this PR they put out. This spend was probably in the books, so let’s wrap it in a nice bow before Congressional hearings.