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Comment: Re:Navy budget is $180 billion (Score 1) 341

by ftobin (#43411857) Attached to: Sequester Grounds Blue Angels

I'll point out that a lack of increase is effectively a cut because of inflation.

I'm not an accountant by any means, but it's clear to me that anything beyond the most basic accounting is done using expected cash flows in the future. If the budget assumes increased inflows of cash, and there is a project that assumes increased outflows of cash, do you not think that eliminating the increased outflow contributes to less spending?

Comment: Re:Washington monument gambit, again. (Score 1) 341

by ftobin (#43411557) Attached to: Sequester Grounds Blue Angels

You could tax 100% of the income of the rich and get about $500 billion a year more than now. Assuming they continue to work for 0$ a year. You can't balance without taxing the middle class, which won't happen.

In order to make your point effectively, you need to say how much more money than the $500 billion we'd potentially get by taxing the middle class or poor at the similar rate of 100%. (Of course, define the thresholds for rich and middle class as well).

Comment: Upgrade your domain to Google Apps Business today! (Score 2, Insightful) 287

by ftobin (#43171271) Attached to: What's the Best RSS Reader Not Named Google Reader?

Google has quite some balls sending me an email today asking me to upgrade my personal Google Apps account to their business tier today. Only $5/month!

You know what I would pay for? Google Reader.

(For the record, the reason I don't upgrade is because I'm a single user of the domain, but have 3 accounts - one personal, one for root, and one for a separate alerts mailbox...labels don't suffice yet).

Comment: Best in class (Score 5, Insightful) 386

by ftobin (#43167593) Attached to: Google Reader Being Retired

It's one thing to shut down a product that is didn't make it out of the gate (e.g., Buzz), but it's another to shut down a product that is considered to be the premier product in its space.

I've been using Google products for a long time, and have understood most of their shutdowns. I used to think that as long as the service wasn't "experimental", it'd stick around. But going forward, I have 0 trust, since obviously even having the #1 product isn't enough.

Comment: Re:efficient government (Score 1) 984

by ftobin (#43140153) Attached to: Ohio Judge Rules Speed Cameras Are a Scam

I understand your point, but don't think we can achieve a "completely enforced reasonable law". Even crafted perfectly at the beginning, the needs for laws change, they often don't expire, and begin to encroach into unrelated territory later on.

Judges may or may not help resolve unjust situations, merely deciding that enforcement is being applied accurately instead of trying to determine a fair outcome.

I think it's helpful to realize that the US government was designed to not be efficient by having three branches. This is opposed to, say, Great Britain, where the government is more or less completely controlled by one party at any one time. The same inefficiency should apply to enforcement of laws, as to their creation.

Comment: efficient government (Score 2) 984

by ftobin (#43137227) Attached to: Ohio Judge Rules Speed Cameras Are a Scam

A government that becomes too efficient will cause problems. In this case, they infractions are detected too efficiently. Catching major infringers is good, but when every slight infraction is punished, citizens will become unhappy.

We want government to have constant hurdles to overcome, because we have expectations regarding the persistence of overseers. Even though we may not be able to have the default anonymity we enjoyed pre-21st century, we can still regulate government to have stumbling blocks so that it doesn't become an efficient Orwellian machine.

Comment: Re:True (Score 4, Informative) 302

by ftobin (#43116505) Attached to: Shuttleworth On Ubuntu Community Drama

Where is the "crowd" that he referred to? Who wants Linux to be "hard"?

I can guarantee such a mentality exists.

From http://dwm.suckless.org/

Because dwm is customized through editing its source code, it's pointless to make binary packages of it. This keeps its userbase small and elitist. No novices asking stupid questions.

Comment: Re:Random predictions are maybe even better (Score 1) 290

by ftobin (#42784799) Attached to: Australian Economists Predictions No Better Than Flipping a Coin

There is a very logical reason why random stock selection will beat a market-cap-weighted index over time.

Consider this:
1. Most studies with random stock selection create an equally-weighted portfolio.
2. Market benchmark indices such as the S&P 500 or Wilshire 5000 are market-cap weighted.
3. An equally-weighted port will have a lower average market-cap than the benchmark.
4. Historically there has been a small-cap premium, giving small cap stocks greater return, at the cost of greater risk.
5. Hence, the chimpanzees' portfolios will be outperforming due to the small cap premium, not due to stock selection skills.

Lastly, the chimpanzees have no costs associated with the picks. Actual trading incurs costs, and not incurring them gives you an edge.

The sooner you fall behind, the more time you have to catch up.

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