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Comment Re:Peace dividend (Score 1) 154

And started a war, caused about $640 Billion in economic damage, and could have been easily prevented for pennies on the dollar. In comparison, Katrina cost less than $300 Billion. It's much cheaper to track what your enemies are trying to do to hurt you and kill them before they get the chance, than to try to clean up the mess afterwords.

Comment Re:The best way to help... (Score 0, Troll) 154

The majority of wealth comes from one choice alone: Choosing wealthy parents. I choose not to reward that.

Go back to your Objectivist reading club.

Perhaps you should return to your Liberal propaganda club first. 80% of the millionaires in the United States are first-generation affluent, according to the New York Times. The reason you aren't as successful is because you're lazy and/or stupid, not because you didn't have wealthy parents. The facts among millionaires are as follows:

Only 19 percent receive any income or wealth of any kind from a trust fund or an estate.

Fewer than 20 percent inherited 10 percent or more of their wealth.

More than half never received as much as $1 in inheritance.

Fewer than 25 percent ever received "an act of kindness" of $10,000 or more from their parents, grandparents, or other relatives.

Ninety-one percent never received, as a gift, as much as $1 of the ownership of a family business.

Nearly half never received any college tuition from their parents or other relatives.

Fewer than 10 percent believe they will ever receive an inheritance in the future.

Comment Re:"Pork" vs "infrastructure" (Score 1) 414

Regulation isn't the solution, it's the problem. My home is currently serviced by two competing cable companies, and Verizon Fios. The cable companies have been competing on price, speed, and features for at least ten years now, and the entry of Verizon only served to further reduce prices. The reason for this is that my county has no cable franchise agreements, so new entrants are free to lay cable and compete. In practice, hardly anyone does since it's expensive, but competition really works. While I currently only have a 20 mbit symmetric internet connection, I could upgrade to 50 with a phone call. Making it harder to compete isn't going to help your situation.

Comment Re:Constitutional basis for the pork? (Score 1) 414

The devil is in the details:

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

Definition of Promote:

contribute to the progress or growth of

Definition of Provide:

supply: give something useful or necessary to

Paying for universal broadband doesn't promote the general welfare, it provides the general welfare.

Comment Re:Misses the point! (Score 1) 368

It's entirely possible to have a market cap of $75 million with annual profits of less than $7.5 million. Indeed, for start-ups, annual profit could be a lot closer to $2.5 million, yielding a P/E ratio of 30. All of the additional archiving and compliance measures could easily soak up a large percentage of that profit.

Comment Be careful what you wish for. (Score 1) 368

You believe the situation would be better without any public oversight and with large companies being controlled exclusively by select individuals (the people that own the company)? You don't want to see entrenched publicly traded companies challenged by newcomers? You honestly believe that publicly traded companies don't innovate?

Comment Re:Misses the point! (Score 5, Insightful) 368

Your post title, "Misses the point!", is quite appropriate, since that's exactly what you did. Sarbox prevents large private businesses, startups, that aren't publicly traded from making the transition to being publicly traded, because of the incredible expense associated with getting into compliance. In other words, the millions a year it costs is acceptable to already publicly traded companies, but the millions that much be spent precludes non-publicly traded companies from making the transition, significantly raising the barriers to entry.

Comment Re:Oh No! (Score 2, Informative) 338

From Wikipedia:

On June 24, 2008, House Speaker Nancy Pelosi (who represents most of San Francisco, California) told reporters that her fellow Democrat representatives did not want to forbid reintroduction of the Fairness Doctrine, adding "the interest in my caucus is the reverse." When asked by John Gizzi of Human Events, "Do you personally support revival of the 'Fairness Doctrine?'", the Speaker replied "Yes."

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