> Meaning that over the long term no large pot of money goes unlooted.
Actually, if you look at average fees charged by financial institution, and the divertion of returns on capital to hedge funds and high-frequency traders, 401k funds are already being effectively looted.
> some form of nationalizing of 401k accounts into pension plans wherein what they are invested in is decided by government employees.
Hahhaaahaahaaaaa. That's a good one. But in cae someone else doesn't get the joke and takes you seriously, let me explain the joke. Wall Street already has your 401k money, they don't need to siphon it off via tax cuts for the wealthy like we did with the Social Security surplus.
I currently pay for two Netflix accounts, and I use neither of them. I have a collection of about 2,300 movies and TV episodes, some ripped from DVDs I own, others from less licit sources.
I pay for two Netflix accounts to salve my moral principles. I would love to pay content creators in the most direct fashion, maximizing the money that goes to the people who make TV shows and movies, minimizing the money that goes to ad firms and middlemen, and eliminating any money that would be spent lobbying the US Congress to destroy my civil liberties and privacy.
Anyone have a suggestion on a better place to send my conscience money?
The ratings agencies were pricing in the risk that Apple lobbyists would not be able to bribe the US Congress to allow overseas profits to be returned tax-free.
To be fair, not only Apple has been lobbying for a tax holiday, also parties like Google and Cisco. Both those companies are sitting on cash in tax havens, but I haven’t seen the market act bearish over it.
Yes, this is exactly what you should feel like if you compete for a limited pool of hipster developers in San Francisco.
I know three different guys who can come in and clean up someone else's shit, but they aren't in San Francisco, and they all currently have jobs, so none of them would come cheap. But if you offer a ton of money to someone with 10 years of experience architecting and deploying web apps with 1M+ users, they will do the boring work of fixing your scalability problems.
If aliens aren't coming to this planet, clearly this is a market ripe for disruption!
I'm now looking for a cofounder who will shake up the L2L (lifeform to lifeform) market with a new disruptive social media platform for unmotivated hypotetcial advanced beings to share pictures of intergalactic felines.
'advanced' belies the sort of casual sentientism that is an embarrassment and a blight on this site, the technology industry and entrepreneurship. It's also irrational since it ignores a massive yet underserved market.
Opening line of the elevator pitch - 'It's like Google, but for goo'.
> I'm pretty sure that the only reason you need to keep adding and adding ever more capacity is to prevent someone else coming along and doing the 51% attack, right?Other than that, adding capability doesn't benefit the network, it burns a lot of power as people effectively just burn electricity to try to increase their share of a fixed payout.
Sure, if you want to efficiently allocate resources, all bitcoin miners could get together as a cartel and limit the overall hash rate to 1Mhash/hr, and collectively the bitcoin transactions network would consume a lot less power.
However, the temptation would always be there to add a little extra hash power to the network and network to claim more of the mined blocks and transaction fees. And pretty soon you'll be back where we are today, with each person acting in their own selfish interest, addiing as much hashing power as they can afford to run to get as big a share of a fixed pie as they possibly can.
Usually I'd say pirate it, put 10 hours into it, and buy it to support the authors if you like it.
But right now, you can't play the new Simcity without shovelling dollars into EA's pocket, and reward them for producing a fundementally broken game.
You just have to decide for yourself which is more important to you. Providing feedback to bad corporate behavior by refusing to give EA your money, or your curiosity to play (and ultimately be disappointed by) a shitty sim with all depth and complexity removed in favor of "social" interaction and microtransactions (buy packs of 2 buildings for $5, i.e. http://www.amazon.com/SimCity-German-City-Online-Game/dp/B00...).
However, if you care about the future of games, please don't give EA money.
> I strongly believe that errors are a much more pervasive problem in science and related fields than malice is.
The problem is that economics is not a field related to science. The vast majority of public policy economics starts with a conclusion, and then creates facts to support that conclusion. This is not science, it is religion.
(insert disclamier about this being an overgeneralization)
Actually, if you look at average fees charged by financial institution, and the divertion of returns on capital to hedge funds and high-frequency traders, 401k funds are already being effectively looted.
> some form of nationalizing of 401k accounts into pension plans wherein what they are invested in is decided by government employees.
Hahhaaahaahaaaaa. That's a good one. But in cae someone else doesn't get the joke and takes you seriously, let me explain the joke. Wall Street already has your 401k money, they don't need to siphon it off via tax cuts for the wealthy like we did with the Social Security surplus.