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Joined 2 years ago
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Cake day: October 19th, 2023

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  • The UK isn’t in Europe though. Haven’t you been paying attention? They voted to leave Europe! Now they’re an island country in the middle of the Atlantic Ocean. They have ✨sovereignty✨ now! But of course continent-dwellers wouldn’t know that, since they’re being crushed by metres upon metres of these “safety regulations” (unlike in the UK where they are now measured by the Gunter’s chain and also they can now import chlorinated chicken from America)



  • I am not the parent commenter, but the argument for and against wealth taxes is a lot more nuanced than many people would originally think.

    For one, a great deal of wealth in this country (the overwhelming majority, actually) is not money but takes the form of illiquid capital goods like real property and shares in companies. There is a real concern that people subject to tax just won’t have enough dollars in a bank account to pay for it, and forcing the sale of that many goods could render the markets illiquid as it wipes out the red side of the order book every April.

    A potential way around this is if the tax can be paid in kind, similar to how wealth taxes were collected historically, such as in the Roman Empire. This could be stupid easy to administrate—a 1% wealth tax against companies can be enforced by just minting 1% of every registered company’s outstanding shares in new stock and then transferring it to the control of the Government. Though the downside is that this sort of tax is very indiscriminate and difficult to target towards certain demographic groups. While shareholders are largely wealthy individuals who would be the target demographic for a wealth tax, they aren’t exclusively so. Effectively that becomes a tax on holding shares in companies, which is a good, but not perfect, proxy for wealth. The drawback to collecting shares in kind is that the stuff that is raised is not really “revenue” for the state, in that it is not money that can be spent, and to liquidate it would incur significant loss for the state as well. Which is basically throwing wealth away. This wasn’t a problem when “in-kind” meant grain and barley that could be used to feed the army, but soldiers can’t survive on a diet of stock certificates.

    I am in favour of large-scale wealth redistribution from the billionaire class to the working class, but doing so isn’t as easy as saying “You, billionaire, give me 1% of everything you got, cash.” I think a policy of combined high income tax, high capital gains tax, and taxing loans for personal expenses secured against shares as income is more likely to be effective.


  • NateNate60@lemmy.worldtoTechnology@lemmy.worldCatbox.moe got screwed 😿
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    1 month ago

    You’re being downvoted because your assertion that hosts are responsible for what users upload is generally false.

    (1) Treatment of Publisher or Speaker.—No provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider.

    (2) Civil Liability.—No provider or user of an interactive computer service shall be held liable on account of—

    (A) any action voluntarily taken in good faith to restrict access to or availability of material that the provider or user considers to be obscene, lewd, lascivious, filthy, excessively violent, harassing, or otherwise objectionable, whether or not such material is constitutionally protected; or

    (B) any action taken to enable or make available to information content providers or others the technical means to restrict access to material described in [subparagraph (A)].

    47 USC § 230c, a.k.a. Communications Decency Act 1996 § 230



  • The presence of far-right politics has really seen an uptick in recent years. It seems to have started in America but has spread to Europe and other countries like a plague. You have the AfD in Germany who claimed second place unseating a centre-left government, the entry of Nigel Farage’s far-right Reform UK party into the British parliament (even overtaking the traditional Conservative Party in recent polls), the fourth consecutive election in Portugal where the nationalist Chega party has gained seats, and Canada narrowly avoiding electing Pierre Poilievre the “Maple MAGA”.

    Surprisingly enough, prior to Donald Trump blowing up the US-Canada alliance, Poilievre was predicted to win in a landslide in Canada with a 90%+ chance of his party getting a majority but somehow it really does seem like everyone who associates with Trump outside the US loses their election. The premiership really shipped right through Poilievre’s hands like a lump of dry beach sand. Lol



  • This is some gamble to make with unclear payoff. It costs billions of dollars to get the manufacturing contracts, hire the engineers, and obtain the procurement contracts. Not to mention the years of effort it would take. Unless you spend decades growing your own talent, the only way you’re going to be able to attract the talent needed to build this project is by poaching them from Apple, Intel, Nvidia, and Huawei by doubling their salaries. And by buying out their non-compete agreements or hiring the best lawyers in the world. You’re betting on two facts to remain true:

    1. That the issue of avoiding American products will even be salient in three to four years’ time. By that time it’s pretty likely that America has either taken over the word or been reduced to rubble. Trump will either be god-emperor of mankind or leaving office a broken, defeated man (or perhaps in a coffin before that—the man eats more Mcdonald’s than can be good for him, especially at his advanced age)
    2. That people care enough about this to pay double the price of an American-made cell phone.
    3. That your customers don’t count the fact that their phones were made mostly by American or Chinese engineers against you. America attracted all the best tech talent in the world with high salaries and China basically brute forced it with sheer numbers.

    Number 2 is really the problem here. Even if you could get a competitive cell phone to market literally tomorrow, it’d have to cost twice as much as an iPhone and four times the price of the latest Huawei or Xiaomi model. While customers are more than happy to pay $6 for Quebec maple syrup so they can avoid $3 Vermont syrup, the proposition of paying $3,000 for a Canadian cell phone versus $1,500 for an iPhone is a much more difficult one to accept. And one that not many people are likely to be able to afford.





  • I don’t think a BRICS currency will be successful in replacing the dollar unless the governments of the participating countries force their businesses to use it. The reason why transactions are denominated and settled in US dollars is because of the perceived stability of its value and the openness of the US financial system to international trade. People use the US dollar because they trust the American government to not excessively devalue it and for it to be reliably useful later on.

    And yes, I recognise that all of these are under attack by the current US government.