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Comment "Even normal people can turn empathy off..." (Score 1) 241

Yes. Many in the US and other 1st world countries are aware that most of the world lives in poverty. Hundreds of millions are lacking adequate food, water, shelter, medical care, etc. We have the resources and technology to help everyone, but collectively we don't really care enough to. Many just tune it out and are more interested what the latest celebrities are up to (Kim Kardashian, etc).

We are all psychopaths to some level. Except maybe Mother Theresa?

Comment Re:wrong two words (Score 1) 740

Like I commented before, Warren Buffett says the way to solve these things is a 100% short term capital gains tax. (We can start with securities held for under a year or any transactions by investment firms, hedge funds, wall street, etc.)

Discourages gambling/market manipulation/bubbles and encourages real growth and investment. So simple it's genius. This is what the Occupy Wall Street people should focus on.

Comment Re:In other news (Score 1) 663

Ever use the new cable? It's great. Can plug it in without looking at the device and worrying about breaking it. So simple, light, and sturdy. way better than micro USB. And I'm sure there technical merits (data transfer/voltage) to it that make it superior to USB.

Why force everyone onto a standard? In a truly free system, that would just stifle innovation.

Let them be free to make whatever they want, and you can be free to buy something else. In the end it will all work out. :)

Comment Re:Dance while you can monkey boy (Score 1) 240

Did you watch the video? It looks ridiculous whether it's in or out of context. A fat sweaty bald man trying to pathetically stir up the audience with an uninspired chant as you hear his voice weakly give out. The sweat stains alone.... gag. Complete dork. He's like the anti Steve Jobs. They were both assholes, but at least Steve had charisma and vision, neither of which Ballmer is in possession of.

Why is a sales/marketing guy in charge of a technology company?
https://www.youtube.com/watch?v=qycUOENFIBs

Lemme guess. You probably have difficulty reading people and social situations. Or don't quite understand what makes something cool and often have jokes fly over your head. :)

Since I can't remember the quote I really wanted, I leave you with this:

"You should invest in a business that even a fool can run, because someday a fool will." - Warren Buffett

Comment Re:The real pollution problem with fracking (Score 1) 325

Changing the culture is not easy. There will always be smart and well financed greedy/selfish/evil people.

But bankrupting the companies and who run them is pretty easy. You can't do much damage if you're broke and/or in prison.

Actually, the best long term solution is a 100% short term capital gains tax. Credit goes to Warren Buffett.

Comment Re:The real pollution problem with fracking (Score 0) 325

The solution then is to have such large companies align their motivations with the public's. (oil, nuclear, banking, anything too big to fail, etc.) More and more laws are coming out protecting the people with the money making these decisions. So I propose the following:

1. Unlimited financial liability to the corporations that cannot be protected by layers of "sub-contractors".
2. Unlimited personal financial liability to the executive management that cannot be protected by any form of insurance.
3. Mandatory prison terms for all executive management involved with corporate fraud.
4. Mandatory death sentence in cases where fraudulent mismanagement causes deaths. (Oil rig explosions, nuclear meltdowns, poisoned water supplies, etc.)

Simply put..
If you run a company that destroys the environment, you will pay for it.
If you run a company that ends up killing people because of willful/fraudulent/criminal negligence, you will die for it.

I think we would see a healthy change in the way corporations operate if we made any attempt to better "motivate" management other than by pure profit and shielding them from responisbility. :)

Comment Re:He gave away $28 billion (Score 1) 311

That's what the BIill and Melinda Gates Foundation is. Warren Buffett invests and grows the money (in the case with Berkshire Hathaway Shares), and they get billions for as long as the company exists which is probably as close as forever as you may get. Blowing it all in shot would be pretty wasteful when considering the compounding returns over a long period.

Taking Buffett's billions (the greatest investor and philanthropist of all time), and giving it to some non profit investment group would be retarded.

Comment Re:Something is wrong (Score 1) 311

"At the end of the day no matter how the handful of people like Bill Gates became so rich, neither their wealth nor their income holds a candle to what governments throw around on a daily basis"

Warren Buffett seems to think differently. And he has some numbers to back it up.

" The Forbes 400, the wealthiest individuals in America, hit a new group record for wealth this year: $1.7 trillion... ...A huge tail wind from tax cuts has pushed us along. In 1992, the tax paid by the 400 highest incomes in the United States (a different universe from the Forbes list) averaged 26.4 percent of adjusted gross income. In 2009, the most recent year reported, the rate was 19.9 percent. It’s nice to have friends in high places.

The group’s average income in 2009 was $202 million — which works out to a “wage” of $97,000 per hour, based on a 40-hour workweek. (I’m assuming they’re paid during lunch hours.) Yet more than a quarter of these ultrawealthy paid less than 15 percent of their take in combined federal income and payroll taxes. Half of this crew paid less than 20 percent. And — brace yourself — a few actually paid nothing.

This outrage points to the necessity for more than a simple revision in upper-end tax rates, though that’s the place to start. I support President Obama’s proposal to eliminate the Bush tax cuts for high-income taxpayers..."

A Minimum Tax for the Wealthy - 2012
http://www.nytimes.com/2012/11/26/opinion/buffett-a-minimum-tax-for-the-wealthy.html?_r=0

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