Please create an account to participate in the Slashdot moderation system

 



Forgot your password?
typodupeerror
×

Comment Re:And this too shall pass away. (Score 1) 639

Hoarding the money in tax havens and other such things essentially makes it useless to the economy.

Right. Because an investor putting money in a haven keeps it in cash.

What actually happens is that money is put into investment baskets which goes to buying debt in enterprise. That enterprise probably employs you.

Or that enterprise buys capital or employs some workers in a third world country. What we have is a tragedy of the commons. Corporations, in order to maximize profits, are outsourcing and cutting wages. To an individual corporation, this makes sense; however, when many corporations do it, they destroy the consumer base that create and buy their products. If every corporation slashed salaries of all their employees, their short term profits might rise, but in the long term who has the money to buy their products. Henry Ford had the right idea, but I doubt a publicly traded company could pull that off.

Comment Re:Just a cheap H1-B visa scam, "for the kids" my (Score 2) 257

What you say does not contradict that Microsoft wants more H1Bs to reduce their labor costs. It's simple supply and demand. By adding people to the job market, H1B visa workers will depress wages. While Microsoft is willing to pay more than market average, they will still benefit from a lower market average.

Comment Re:Just keep in mind the tradeoff (Score 1) 556

You can pretty much look at any pill in a pharmacy and they all cost peanuts to actually produce, like software it's just a matter of pricing it so that the expected sales pay off.

This also says something about the massive over regulation of the generics industry by the FDA. Most generics should cost peanuts, but many do not. I would guess the pharmaceutical companies exert considerably lobbying to keep it that way. In fact there is currently a massive shortage of many generics. Instead people are forced to by the name brand version.

Comment Re:One more issue (Score 1) 1065

Wealth tax seems pretty fair to me. Looking at how our government currently spends income tax, it mostly goes to defense. It can be interpreted that the government is spending that money to protect the wealth of the nation. Therefore people should pay proportionally to their wealth.

The idea that it's unfair because people might waste their income seems strange. If someone makes some bad investments and loses some wealth then they have less wealth to protect and should pay less tax. This is also true if they waste their money on things that have a high depreciation.

Comment Re:Hardly surprising... (Score 1) 435

If EVERYONE say "that's a great deal, let's do it!", then you have to pay the subisdy to everyone, and tax everyone extra to pay the subsidies - so, your neighbor pays for your solar installation, you pay for your neighbor's solar installation, and effectively noone gets a subsidy.

The goal is to lower the cost of solar versus other energies. The hope is that it will create the demand and allow the market to increase production to lower the cost so that the incentives can be removed and solar will still be competitive. This can be effective with smaller industries that can substantially decrease cost either through research or larger factories.

Another motivation is to equal the playing field since many existing energy sources take advantage of subsidies and externalities. While it would be great to get rid of those unfair advantages, politically it's easier to give incentives to competing technologies.

Comment Re:Thanks Obama (Score 1) 290

You haven't explained this natural balance between labor and capital. Just because interest rates are high doesn't mean a business will hire more people. A company will only hire more people if it feels it can make a profit off their labor. Interest rates only effect the amount a company will borrow in an effort to make that profit. Also, any capital equipment they purchase can either increase or decrease the number of people they hire. A company that is already based on automation might expand their capacity. This requires more workers. A company that adds automation will reduce their workforce by replacing workers.

Comment Re:$3k is 2 months income? (Score 1) 698

I have several points, but yes veterinary care is less expensive because euthanasia is an acceptable alternative to an expensive life saving procedure. How many dogs get quadruple bypass surgery? How many cats get two rounds of chemotherapy? Since the demand is limited for expensive life saving procedures, they don't frequently happen. In fact the really expensive procedures aren't even an alternative because there is not enough of a market to do the research.

Comment Re:Press release from S&P (Score 2) 1239

They are measuring the probability of future outcomes and politics plays a large part in that assessment. If it now becomes standard practice to play chicken with the economy then there is a chance that one side will not back down and that the US government will default. This is all about measuring an increase in risk.

Comment Re:Job-killing Tax Hikes (Score 1) 548

I agree, the only time a business will create jobs is when they feel they will get a reasonable return on their investment. If they don't feel they can get a reasonable return today then it doesn't matter if you give them a bunch of money. They will keep the money because they have already determined that it's not profitable to hire more people.

It's even worse in this type of economy because the poor labor market means they can extract more work out of less people. This further reduces the value of keeping people employed. Just look at the recent record profits made by some corporations. They aren't using this money to hire because they don't think it's profitable to expand their business.

Comment Re:Finally... (Score 1) 410

The newly independent company was headed by Dr. Edwin Catmull, President, and Dr. Alvy Ray Smith, Executive Vice President and Director. Jobs served as Chairman and Chief Executive Officer of Pixar.

It's really not that hard to check the Internet for such simple facts.

Slashdot Top Deals

"Look! There! Evil!.. pure and simple, total evil from the Eighth Dimension!" -- Buckaroo Banzai

Working...