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Comment Re:Nice, but that raises a new question. (Score 3, Informative) 215

Actually it demonstrates the flaws (from the publisher's perspective) of the traditional bookselling business model. Books (dead-tree format) are sold on consignment. They are shipped to retailers, without payment, and money comes in as retailers sell them. Unsold copies get shipped back and destroyed (which costs money). Because returns are a cost it is sometimes cheaper to discount the book just to get rid of it (even at a slight loss) without having to return it. Ebooks don't have this flaw, so there is no reason to discount them.

Not that you should be sympathetic (I'm not), but it's a little more complicated than boundless greed.

Comment Re:Profit (Score 2) 227

Actually, he's accidentally right, and you're wrong.

Your basic point is right, but you're knocking down a strawman that has nothing to do with what he's talking about.

His point is that raising minimum wage DOES NOT raise the value of mopping floors. The floor mopper nominally gets paid more, sure, but prices rise so his pre-tax buying power is constant. However, his total tax-rate has risen, so his post-tax buying power has actually fallen.

If the floor mopper in question was given a raise in isolation and bumped into a higher tax bracket, you'd be right because his buying power would have increased more than his total tax rate did. However when all floor moppers get the same raise, and prices rise with them, buying power rises LESS than the total tax rate.

Comment Re:Profit (Score 3, Insightful) 227

Further, I don't think that asking someone to justify their ridiculous statements (without even using the term "ridiculous statements") qualifies as trolling. If it did, then count Socrates as one of the first trolls.

Why do you think they executed him? He was just so committed to the troll that he went along with it for the lulz.

Comment Re:this is stupid (Score 1) 243

OK, so that's the sunk costs issue. "This is what we use, so we gotta keep using it, because this is what we use".

No, it's "Switching has costs. The other choice is good enough to use, but not better enough to cover the cost of switching."

IOW, you only need to be "good enough" to get new customers. You need to be "better enough" to steal your competitors' customers.

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