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Comment: Philosophy Major here (Score 1) 327

by Fished (#47921533) Attached to: Ask Slashdot: Any Place For Liberal Arts Degrees In Tech?

I was a philosophy major as an undergrad, have a Masters in Theological Studies, and a PhD in New Testament, and pastored a couple of churches along the way (part time.)

I've been working in IT continuously since the mid 90's (part-time when I was working on the PhD), and am presently employed by a Major Telecommunications Company as a senior architect. I make very good money, and when I left another Major Telecom Company in March, after 15 years, I had 15 inquiries just by posting to Facebook. The other day, I had a recruiter from Amazon practically beg me to come interview (they lost out in March due to being too slow to arrange an on-site interview.)

The degree doesn't matter. The skills matter. If anything, my broad background sets me apart from the pack. But only because I've got the skills.

Comment: Re:Tax? (Score 1) 194

by ScentCone (#47921321) Attached to: New Global Plan Would Crack Down On Corporate Tax Avoidance

Yes but at a lower rate. Investment income is taxed lower than standard wages.

Right. Usually, that's because:

1) We want people to risk their money making investments to start and grow businesses. That creates economic activity, which is taxed.

2) If the person risking their money on such an investment loses it (as most do - most new businesses fail), they do NOT get to write that loss off on their own income taxes. It's just gone, goodbye. 3) The lower rates only apply if you let the investment site for a good long time. Those who throw money in and yank it back up pay a much higher rate.

businesses and the people who profit from them

Employees ARE people who profit from a business. In fact employees account for the vast majority of the outbound cash that most businesses spend. And its taxed at normal payroll rates. And the taxes levied on the money those people are getting out of the company are a big part of what pays for the public infrastructure that they (as the people who are making money daily in the business) use. Why do you think that city, county, state, and federal programs to encourage business presence and growth aren't hesitant to wave, for some period of time, taxes charged directly to the business? It's because the net result of establishing that business in place and keeping it there is MUCH MORE TAX REVENUE - from all of the other activity and employment that results.

Comment: Re:Tax? (Score 1) 194

by ScentCone (#47920657) Attached to: New Global Plan Would Crack Down On Corporate Tax Avoidance

Companies use infrastructure to deliver goods to their customers ... Companies benefit from local education systems to provide knowledgable people (arguably).

But the company doesn't do anything with the money except spend it on growing the company, or in compensation to employees and investors. When those investors or employees take money home from the company, it's taxed. And if those same people take that already taxed money and invest it that or another company, and it makes money, they get taxed again.

The company doesn't benefit from services and education, etc., the people WHO TAKE HOME THE MONEY do (at which point it's taxed). They other group that benefits are company's customers, who spend money (on which they've already paid other taxes) to buy goods or services from that company. And that means nothing until, again, somebody takes it home as pay (taxed) or dividends (taxed) or cashed out stocks (taxed).

The company's actual profits shouldn't be taxed because all that money does is sit there until somebody either spends it on the company as reinvestment (which isn't taxed anyway), or it gets turned over to somebody designated to receive it - at which point it IS taxed as income.

Comment: Re:Not the only strategy (Score 4, Insightful) 194

by ScentCone (#47920477) Attached to: New Global Plan Would Crack Down On Corporate Tax Avoidance

It's a race to the bottom, my friend. You don't out-compete countries with less than a few million inhabitants and no significant social programs.

You mean, like Canada? It has a 26% rate, compared the US's 40% rate. Yeah, third-world hell holes like Canada always whore around with those low numbers, right?

Comment: Not the only strategy (Score 3, Insightful) 194

by ScentCone (#47920055) Attached to: New Global Plan Would Crack Down On Corporate Tax Avoidance
There are other ways to generate more tax revenue from business operations in the US: quit making elsewhere so much more attractive. The US has the second highest effective business tax burden in the world (second only to the United Arab Emerates, which mostly taxes foreign oil operations). Gee, I wonder why businesses born in the US look to mitigate that in whatever ways the law allows. If the law no longer allows it, there will simply be more companies actually moving, entirely, to places with a lower burden. Then the government will still miss the revenue, and they'll miss all the tax revenue they're already getting on the income taxes levied on and other economic activity generated by all of the company's current domestic employees, partners, vendors, service providers, etc.

Comment: A hundred times less? (Score 1) 65

by ScentCone (#47914447) Attached to: A 16-Year-Old Builds a Device To Convert Breath Into Speech

Sure if thing A is inexpensive, then thing B which costs a fraction of that price might indeed be said to cost X times less. Implying that thing A is already less than some other option, and thing B is even MORE less.

But if thing A is very expensive (as in the example cited in TFA), thing B would be better described as being not a hundred times less ... but one hundredth the cost.

Comment: Re:Great one more fail (Score 1) 577

by Cyberax (#47906717) Attached to: High School Student Builds Gun That Unlocks With Your Fingerprint

And according to that same source, for 2012, there were 8,974,762 non-fatal accidental injuries from falls

Yes. And that's why building codes are being updated to reduce number of dangerous stairs, mandate friction strips on stairs and so on.

What are we doing about rampant gun violence? Ah yes, we're passing laws freeing gun manufacturers from ANY responsibility.

Comment: Re:Renewable (Score 5, Insightful) 81

by mc6809e (#47903569) Attached to: Solar Powered Technology Enhances Oil Recovery

Using renewable energy to tap unrenewable energy... Seems not really enduring. Why not just use directly the renewable energy in first place?

Because oil isn't just used as energy, though it often is.

Petroleum is a miracle substance from the standpoint of its chemistry. It would be hard to imagine modern life without all the chemicals and materials petroleum makes possible.

Burning such a flexible, important substance as fuel is terribly foolish.

Nothing will ever be attempted if all possible objections must be first overcome. -- Dr. Johnson