zeke5123a
18d ago
I find this unreasonable. Yes, Musk benefited from a capitalist system. But so did literally everyone else. Nothing stopped you or your neighbor from doing what Musk did. The difference is he did it and you didn’t. And because of that, you want to punish him? Why are you envious?
Moreover, this “you didn’t build it” theory collapses of its own weight. The argument seems to be society enabled this collection of wealth and therefore society has an unconditional claim to the entirety of the wealth. But of course, society “didn’t build that” either. So now we have to split ownership and figure out how much society is owed.
And society is owed very little because Elon has already made society massively better off than simply 1.3 trillion. Besides the large taxes he has already paid, he has brought along a ton of American workers paying them handsomely and making thousands of millionaires and giving a comfortable life to many not millionaires. Also he makes a really cool car that millions love. There is consumer surplus there.
The whole concept behind a market economy is the belief that businesses make the world on net better for all. Sure the business leader may reap individually the most rewards from a business but that doesn’t mean they reap the most rewards in the aggregate.
This tall poppy syndrome is death.
zeke5123a
18d ago
The whole point of starship is to radically reduce the cost per ton of putting things into space. You are acting like the Falcon Heavy is the end result.
zeke5123a
18d ago
I think you aren’t being imaginative enough re Starlink.
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First you have airlines, remote worksites, cruises, and other uses. Those prices can increase over time once customers get used to and thus demand the good.
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You have areas without broadbrand. In the U.S., this is rural areas. But worldwide, it is a lot larger. Sure this market may not be the most lucrative but with a large enough vol becoming the ISP for the entire third world could be valuable.
zeke5123a
18d ago
Sure except there are a lot of companies in the most valuable in the world that are real world makers. Wal mart is worth about a trillion.
zeke5123a
18d ago
It’s called a margin loan. If you aren’t super poor, you can mortgage against your stocks.
zeke5123a
18d ago
What if you borrow against your home to finance an improvement?
To me, make capital gains tax rate at 10% and you eliminate these silly games whilst probably raising revenue.
zeke5123a
18d ago
First, many Europeans abandoned wealth taxes because they had a bunch of practical issues with less money raised than expected.
Second, as a shareholder would you prefer the Musk path where he basically doesn’t get paid unless he hits crazy milestones or he gets paid a much smaller amount regardless of milestones?
Third, a wealth tax as described is likely unconstitutional.
zeke5123a
19d ago
We could argue (they are both highly tactical) but I hope we can both agree soccer is far from having the same tactical approach.
zeke5123a
19d ago
But that happens in other sports as well. In football, there is constant attempts by the offense to set up plays to catch the defense in a wrong play. The defense is constantly trying to surprise and disguise the offense to create a massive play. Most plays aren’t huge plays but many lead up to it.
The difference is that most plays could be huge plays. Most plays are kinetic. Most plays are violent. Most plays are one player out eleven doing the wrong thing (or amazing thing) from a massive breakdown or big play. And also there is a clear sub-goal—gotta get the first down. Even if you don’t score on that play, getting from 1st and 10 to second and 2 is a huge play! It sets up a mini score when you convert the first down on the next play or two.
Hockey is constantly a dance where players are trying to solve the forecheck by the offense or the trap being deployed by the defense. If one team solves, it almost immediately leads to a high quality scoring chance. Oh and beyond kinetic. And there is scoring. Less than the NFL. But more than scoring and the scoring chances are way higher.
Baseball is probably the most tactical sport. Each pitch is setting up the next pitch. Decisions about bullpen usage, when to steal, when to bunt, etc.
In short, the thing soccer fans claim as not unique about their sport. In fact, frequently it is lacking compared to other sports. It then has a bunch of other issues (not a lot of scoring or scoring chances, not a lot of kinetic action, limited violence). It is just a sub standard game that is largely popular due to poverty.
zeke5123a
19d ago
Or people could watch a real sport like Hockey where scoring can happen at any point, frequently happens after wearing down your opponent, and there are actual fights!
zeke5123a
20d ago
You must not be familiar with the Knicks if you think this isn’t a once in a Lifetime event…
zeke5123a
20d ago
Soccer is an embarrassing sport so it’s apropos.
What separates us from animals is our hands and head. In soccer, the use of the first id outlawed and the second is used as a club.
zeke5123a
22d ago
In the U.S., psycho (when used negatively) means someone who is basically a sociopath or barbarian.
zeke5123a
23d ago
We don’t need to kick out everyone; we need to stop new people coming and get 30%-50% to self deport.
Cut off gibs but offer exit gibs.
zeke5123a
24d ago
I guess the question is how much of more capital being invested (instead of being moved to the government) would have led to more automation thereby increasing productivity
zeke5123a
25d ago
Oh for sure the immigrants of for gibs for them and the party giving out gibs are gibs for most. But my prediction is that when those immigrants move from a key bloc to the main bloc a different calculus will arise.
zeke5123a
25d ago
The real risk to old people is bringing in a bunch of third worlders who then have to support the old people who the immigrants have no connection to which in a democracy means the olds gibs will get voted away.
That’s literally punishing success.
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