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Comment Re:Deepwater Horizon non sequitur (Score 2) 290

There's 100,000 pounds of this KILLER element released! Yes, but it's spread out evenly though 10 million tons of slurry over 100 square miles. You could probably strip-mine the top 5 feet of the same area in a city and find higher concentrations.

Yes, but the difference is that isn't not all in a highly soluble form with a high surface area. This is why mine tailings are such a huge source of acid and metal contamination. What would take millions of years to expose to streams and waters via natural erosion is ground up and dumped straight into waterways by industry. The resulting contamination is much higher than you would find by running water over the top of the material before processing.

Comment Does no one remember being a nerd? (Score 1) 710

I wonder how many men, if going away with perceptions like these, would be ready to ascribe it to some "them vs. me" issue. I mean, one can't conclude on basis of statements like these that some sort of improper discrimination wasn't going on, but neither can one conclude that it was.

Not many, for much the same reasons that polls show that white consider us to be living in a post-racial worlds while nearly everyone else in America disagrees strongly.

You don't generally notice discrimination if you're not the one being discriminated against, since most of it will happen out of your sight. You may have some awareness that "some people" still act that way, but it will seem remote to you and likely overblown.

Does no one remember what it was like to be a geek or nerd in high school? Sometimes people act against you with open, gleeful hostility, but most of the time, it's just a subtle undercurrent of preconceived notions and dismissive attitudes. Guess what? It doesn't really go away when we get older. It just happens to different people.

Comment Re:Ah, the Planet Pluto (Score 2) 138

The whole "We changed our mind and decided that Pluto isn't a planet" is bullshit. Just say that Pluto and Eris are both planets and be done with it.

Define "planet" in a meaningful, non-arbitrary way that does not include dozens of other bodies not traditionally recognized as planets in our solar system (e.g. Ceres). It's believed the Kuiper belt has hundreds of dwarf planets. You want to promote them all just to not have to give up a mnemonic from childhood?

Comment Re:Consumption taxes favor the rich. (Score 1) 300

that is why you don't tax "necessary" consumption, like purchase of food, payment of rent payment of electricity, water ... (0% tax)
and you do tax all luxury items like food in "high" category like Caviar, Champagne, expensive vines, expensive cars, expensive houses/villas, hotel bills, private planes yachts ...

Woah, woah, woah. How do you determine what is and isn't a luxury item within the same category?

Let's take food, for example. So caviar is taxable, but what else is? Fatty tuna? Well, it's pretty expensive, but where do you draw the line between taxable tuna and not taxable tuna? Is there a tuna chart or fat percentage? You mention expensive wines, but where is the line on what's "expensive?" $100 bottles? $50 bottles? $20 bottles? Anything that doesn't come in a box or a 4-pack? Is organic food a luxury? Is meat? Do you tax steak at a Longhorn's different from Waffle House? Hell, are all restaurants luxuries or not, since people can just cook at home?

From the sound of things, you are creating a tax code far more detailed, controlling, and onerous than our existing income tax code. Furthermore, will its dividing lines move with inflation? How do you set up POS check-out terminals to handle this? What about private sellers (e.g. garage sales & eBay)? Etc. etc.

you can make as much for society as you want tax free, but as soon as you start spending resources you start loosing money

Compounding interest, my friend. Those who can afford to save will see their money grow, and even if they get taxed the same later, they still had a chance to grow in wealth far faster than someone who had to spend it all on necessities.

Comment Who cares about you? You're dead at that point. (Score 1) 300

Why shouldn't I be able to choose exactly what I decide to give my kids? Seems pretty presumptuous on your part that you know how to distribute my money upon my death than I do.

Because you're dead. You don't really matter anymore. What does matter is whether your kids should be given a windfall of wealth and power without having to do anything to earn it. You may have worked quite hard for your money and thus deserved the benefits of it. But they don't. Unless you taught them how to earn it on their own, at which point they don't really need it.

That said, I only support a high estate tax on wealth over a certain (high) amount. The estate tax should be an anti-aristocracy measure and not something that applies to even the professional class (e.g. doctors, lawyers, etc.) who still have to work hard for their money. It's good to be able to give the family home to your kids. It's not good to be able to ensure they never have to work a day to enjoy all the privileges of wealth.

Comment Consumption taxes favor the rich. (Score 2) 300

I think YOU are seeing the wrong side of it. Why is taxing income the best way to tax people? Income is wealth generation, we shouldn't tax it. Taxing consumption would be much better.

Taxing consumption disproportionately hits the lower and middle classes, who consume a greater percentage of their income than do the upper classes. It puts the burden of shouldering the government on those least able to afford it. In that manner it would act as a strong barrier to income mobility by preserving wealth for the wealthy and taking it most from the least wealthy.

The Almighty Buck

Silicon Valley Billionaire Takes Out $201 Million Life Insurance Policy 300

Hugh Pickens DOT Com writes "The Mercury News reports that somewhere in Silicon Valley, a 'mystery billionaire' has bought what the Guinness Book of World Records says is the most valuable life insurance policy in history — a policy that will pay his survivors a cool $201 million. Was it Larry Ellison? Eric Schmidt? Elon Musk? Zuck? Nobody knows because the name of the buyer is a closely guarded secret. 'We don't want hit men running around Palo Alto trying to find him — or members of his own estate,' joked Dovi Frances, the Southern California financial services provider who sold the policy. By last count, California boasts 111 billionaires with more than a third of them in tech, while San Francisco has 20 billionaires alone so it could be any of them. But why does a billionaire even need to take out life insurance when he or she has so many other assets. The most likely answer to this question is taxes and estate planning.

Upon death, an estate would be liable to pay off loans on any leveraged properties, plus a lot of money as part of the death taxes owed. This could force the estate to liquidate holdings to raise the money to pay off these liabilities even if it weren't the most opportune time to sell the assets. By taking out the life insurance policy, it would give the estate more flexibility in paying off the taxes and other debts owed, without necessarily having to sell assets to do so. 'In California, there are state death taxes that are exceptionally high (45 percent),' says Frances adding that the policy is actually a combination of more than two dozen policies, underwritten by 19 different insurers because if any single company had to pay out such a lavish benefit, it could be crippling. 'If your properties are leveraged then those loans are called immediately and need to be paid off, you want to hedge yourself against such a risk so [your beneficiary] can receive the proceeds without being exposed to taxes.'"

Comment Re:Bitcoin is hard to explain... (Score 4, Insightful) 192

It's hard to explain Bitcoin to Kleptomaniacs because they always take things literally.

It's hard to explain Bitcoin to Kleptomaniacs because they always take things. Literally.

Isn't it always grand on the internet when someone posts a joke, and then someone responds with the same joke, only phrased more obviously for his fellow, less subtle readers to laugh at and congratulate themselves for being smarter than the original poster who obviously wasn't witty enough to make the same goddamned joke first.

Yeah, that's always awesome.

Comment Re:AKA the I HATE AMERICA ACT (Score 2) 358

Most phones except for the American Company Apple uses a Micro USB.

Oh, please -- put down the flag.

As an American Apple user, I hate the fact that Apple doesn't use the same charger / data cable as everyone else and that, worse, my iPhone 5 isn't even compatible with my iPhone 3 charger. It's an overpriced, short POS that has a pointless chip in it to prevent third party cables from working properly. It's also not water-resistant (which is great in case you accidentally drop the end of it into a glass of water on your desk). All in all, Apple's new charger has significantly worsened my enjoyment of the phone.

So, I'm all for standardization on something nearly everyone else has agreed is sane. Apple gets no free pass for being American with me.

Comment Why standards? (Score 4, Insightful) 358

Why do they think this is a matter for governments to decide?

Same reason each country has a standard railroad track, a standard power outlet, etc. Letting industries decide on mutually incompatible standards largely serves to lock in consumers and also creates great inefficiencies in the economy due to incompatbility. Standardization would allow business like cafes & airports to offer charging solutions that fit all their customers, and it would produce less physical waste.

Comment Re:Chickens and bees (Score 1) 183

Not really. UV vision is pretty common among insects & birds. Additionally, it's pretty common in lizards and fish that live close to the surface. And don't get us started on the ridiculously overengineered eyes of the mantis shrimp.

Among mammals, it's common in nocturnal species like mice & bats, and we've started to notice it in reindeer and have theorized that it might be common in snow-adapted species.

Comment Re:Protection from Deer Car accidents (Score 2) 183

Funny how 30-40 sec into the video they've identified UV discharges from a tower that appears to have a flock of sheep browsing under it. Perhaps not so scary after all?

What makes you think sheep can see UV light?

Most mammals that can see UV light are nocturnal or live in arctic conditions where it helps deal with snow-blindness (according to current theories). It's also worth noting that mammals whose eyes filter out UV (like humans) tend to have better visual resolution.

Sheep are diurnal animals that rely heavily on vision for defense from predators. They also, like most dichromatic animals, have roughly red & green cones with no blue cones. It's pretty unlikely they can see the flashes.

Power

Power Cables' UV Flashes Apparently Frighten Animals 183

Rambo Tribble writes "Ultraviolet light flashes, or "corona", may be scaring animals and altering behavior. An international scientific team, first studying behavioral anomalies in reindeer near power lines, have found that sporadic flashes of UV from the lines are probably responsible. As most mammals can see into the UV spectrum, this has broad implications for the disruption of animal behavior. From the BBC article: "Since, as the researchers added, coronas 'happen on all power lines everywhere,' the avoidance of the flashes could be having a global impact on wildlife.""

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