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Comment Re:Furthering class warfare (Score 1) 376

How's this for a way to fix it:

After the second (or third) year, patent damages are limited to 20 times the amount the patent holder pays as patent fees. The patent fees are voluntary, you pay as much or as little as you want and you can only increase the fee by 25% in any given year.

Under this scheme nobody can afford to sit on huge piles of junk patents and collect any real court damages from them. People will only pay large fees (and be able to collect large damages) for patents which are earning real money.

Comment Re:Furthering class warfare (Score 1, Insightful) 376

The patent system, for as much as it gets bad press, offers the little guy (independent inventor) a chance to get ahead. With no patents, anyone with money can make a clone of an existing product and do whatever they want with it, including selling their clone as the original item.

That's the theory, yes.

The practice is that the wealthy just use the patent system as a weapon against small guys to achieve the exact same thing.

Comment Re:No, it's really not. (Score 1) 125

A "full motion" sim can't replicate more than 1.0 G in any given direction, much less a sustained 5g pull.

Is there any reason why a simulator mounted on a gimbal on the end of a spinning arm can't produce any amount of G in any direction?

(OK, it can never simulate zero G but I"m guessing that's not very important for dogfight simulators)

Comment Re:I have a better idea... (Score 1) 649

The way to protect the average investor is to stabilize the economy. The best way to do that is:

a) Make company CEOs and boards of directors personally responsible for failure.
b) Give the bailout to the affected people, not the company that caused it (does their business model magically change just because they get a bailout?)

Comment Re:I have a better idea... (Score 1) 649

Uhm, no. The point is that if they fail, it will be more than just "some people will lose their jobs", because other companies would be dragged in the fall, and the entire economy would suffer. Now I'm not even agreeing with the reasoning, but you didn't quite seem to even grasp it.

Um, no. Imagine what would happen to the economy if everybody's debt was wiped out overnight. No mortgage or credit card payments.

Plus the government still has a trillion dollars to spend.

Those 'jobless' would be working again within a couple of weeks.

All we need to do is make sure the bank directors lose all their personal assets and we've got a working plan, methinks.

Comment Re:I have a better idea... (Score 1) 649

It wasn't ever about the amount of money in the various accounts. It was about the services these banks performed for other banks. If those large banks failed, then the credit card processing they did for other banks would fail. The check clearing they did for other banks would fail. The funds clearing they did for other banks would fail. The cash transport they did for other banks would fail.

Yep. There was no way they could have kept their computers switched on without a bailout.

Comment Re:I have a better idea... (Score 1) 649

Fuck-em. Let them fail. bail out the deposits, make sure you get what you can from the loans outstanding

Nope. If the bank collapses, cancel all the mortgages/loans/credit card debt.

Shareholders would be pissed, some people get a windfall and that's not fair on the others .... but imagine what it would do for the economy - probably far more good than any bank bailout and shareholders would be more likely to vote for a CEO with his feet on the ground instead of the one with the best hair.

Comment Re:I have a better idea... (Score 1) 649

If Congress had not acted to bail out the various banking institutions during the crisis, about half of wage earning American's would have suddenly discovered that:
- they did not get paid
- they cannot access their bank account

Even if true, how about we give those trillions directly to the people and/or cancel their mortgages instead of propping up the system that caused the problem.

I bet a bank facing the loss of all its mortgages would be a damn sight more careful with their money than one that isn't.

The government also needs to step in every time they see a lot of money being magicked out of thin air by people near the bottom of the food chain (eg. the dotcom bubble, housing bubble, etc.). That never leads to anything other than collapse, a lot of rich people getting richer and the poor people picking up the tab.

Comment Re:I have a better idea... (Score 1) 649

The point is that you need to bail them out, because otherwise a recession becomes a depression or whole sectors of the economy will be destroyed. That's what "too big to fail" means.

Yeah, telling CEOs they still get golden parachutes if they drive huge corporations to ruin is a much better plan for the long term.

My idea to 'improve the system' is to only bail them out if the entire board of directors agrees to turn over all their assets to the taxpayer and/or go to jail.

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