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Comment Re:Getting rich (Score 1) 109

Not sure why you're getting slammed by mods. This is truth. If big oil disappeared, you'd be up a creek. If big pharma went away, you might die. If the industrials went away, our infrastructure would rot.

If FaceBook disappeared? The world would actually be a better place. Tesla isn't perfect; I like electric cars but I hate some of the big brother that's coming along for the ride. Same deal though, we could live without them and somebody else will eventually pick up their patents and make electrics that are more affordable.

That's beside your point though. Your thesis is valid--buy value when it's priced properly. Futuristic vision and trends aren't value. Stuff people need is value, but it's overpriced now due to Fed manipulation.

Comment Re:To be more precise, Amazon will collect on taxe (Score 1) 243

The first rule of economics is "Businesses do not pay taxes. Businesses collect taxes."

No, the first rule of economics is "don't talk about economics".

Seriously, as long as you have companies in competition in regard to pricing, then yes, businesses do in fact pay taxes. They can not in fact just raise prices to cover taxes, because if they could raise prices, they already would have done so.

There is no law in economics that says "Businesses do not pay taxes. Businesses collect taxes." That's an old conservative trope that gained currency when Ronald Reagan and Margaret Thatcher were busy rodgering the working people of their respective countries.

Sure, individual businesses would raise prices if they could. But you're missing the point of a tax.

Example 1: There are 50 auto dealers in a state. One dealer decides to raise his prices across the board because like you said "If they could, they would." He goes out of business.

Example 2: There are 50 auto dealers in a state. The state raises taxes on car dealers 30%. Now all dealers raise their prices 30%.

Now I ask you "Who is paying that 30% increase?"

Businesses can't print money. Well, other than the Reserve. But that's a different matter. Any money a business pays out for any reason has to originally come from an individual somewhere.

Comment Re:To be more precise, Amazon will collect on taxe (Score 1) 243

Raise the tax rate to 75% of the corporate profit and see what happens...

Companies will reinvest revenue rather than pay it out as dividends. Also, stock prices fall as future expected dividends are cut by 75%, and then rise again as said reinvestment makes economy grow faster.

Actually, this could be just the stimulus economy needs...

Oh dear Lord.

Raising the tax rate to 75% is a stimulant to the economy?

Wow.

EU

EU Drops Plans For Safer Pesticides After Pressure From US 156

An anonymous reader writes: The European Union recently published plans to ban 31 pesticides containing chemicals linked to testicular cancer and male infertility. Those potential regulations have now been dropped after a U.S. business delegation said they would adversely affect trade negotiations for the Transatlantic Trade and Investment Partnership. "Just weeks before the regulations were dropped there had been a barrage of lobbying from big European firms such as Dupont, Bayer and BASF over EDCs. The chemical industry association Cefic warned that the endocrines issue 'could become an issue that impairs the forthcoming EU-US trade negotiations.'"

Comment Re:Twenty five years of science destruction... (Score 3, Informative) 119

This is the same kind of thing that was said in the US. The space program had more "spin-off" benefits than I can list. Computers, solar cells, etc. were all advanced by contributions from space research. If it hadn't been for computers in particular, I don't know what kind of work I would have had. It probably wouldn't have been such a good ride for me, and I was never directly employed by NASA. Yes. There are still poor people in the USA... carrying pocket computers.

Comment Power to the blamers! (Score 1, Insightful) 295

Power to the blamers! There is far too much power to be garnered from inflaming (occasionally real, but often wholly manufactured) biases.
But things like the Rolling Stone UVA rape hoax, global warming, GamerGate, &c have blown the lid off what a bunch of cheap hucksters the Grievance Industrial Complex are.
Go back to hell and stay there, creeps.

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