Follow Slashdot stories on Twitter

 



Forgot your password?
typodupeerror
DEAL: For $25 - Add A Second Phone Number To Your Smartphone for life! Use promo code SLASHDOT25. Also, Slashdot's Facebook page has a chat bot now. Message it for stories and more. Check out the new SourceForge HTML5 Internet speed test! ×

Comment Re:Poster does not understand Algebra (Score 1) 327

The point is to encourage the increase of the overall level of wealth, i.e. have people on average be wealthier.

Your prescription is for the opposite, i.e. keeping people poor.

Distinguish between actions which create wealth, investment, and actions which consume wealth, hence the word consumption.

Any savings beyond a little cash in a mattress (i.e. real savings) is invested. Investments are what lead to wealth creation. For example, money is lent to a business to expand, equipment is purchased to make people more efficient, people are hired to work in an industry to create products or services. All of that is ultimately paid for from someone's savings.

When someone consumes a car, or food, or a shirt, or whatever, those resources are what don't return to the economy. Even if something is re-sold, it's typically worth less than it was purchased for, i.e. part was consumed and that part of the stock of wealth was destroyed.

Comment Re:Poster does not understand Algebra (Score 1) 327

You need to distinguish between actions which create wealth, investment, and actions which consume wealth, hence the word consumption. Don't confuse nominal money flows with the underlying reality of what happens.

Any savings beyond a little cash in a mattress (i.e. real savings) is invested. Investments are what lead to wealth creation. For example, money is lent to a business to expand, equipment is purchased to make people more efficient, people are hired to work in an industry to create products or services. All of that is ultimately paid for from someone's savings.

When someone consumes a car, or food, or a shirt, or whatever, those resources are what don't return to the economy. Even if something is re-sold, it's typically worth less than it was purchased for, i.e. part was consumed and that part of the stock of wealth was destroyed.

In terms of food, what you're trying to say is that low income earners spend a higher percentage of their income on consumption than higher income earners. What you aren't considering is that in order to get a benefit from their investments, at some point those higher income earners must consume that income. Ultimately, taxing consumption is the most fair system and the closest which corresponds to an individual's level of wealth.

Comment Re: Standards... (Score 1) 171

no, this is just part of the proof that car makers do not want EVs. Dealers do not want them. Car makers do not want them. And building an adapter to tesla does NOT harm their efforts on their own standards, any more than tesla building a chadmoe and j17772 hurt their standards.
In fact, because tesla DID build those, it was possible to buy a tesla and have full access to chargers all over so that you can move around the nation easily. OTOH, NO other EV has that claim . The bolt is the first none tesla that can drive all over.

Comment Re:This is horrible (Score -1) 87

Oh, this is a wonderful comment!

Also I suggest that people who are unusually tall should be shortened at the knees because they can move unfairly faster than others and see further. People with 20/20 vision should have their sight reduced artificially by mandatory cloudy glasses to make it fair for everybody and people who are just too damn pretty should have acid splashed into their faces to make life more equitable on this planet for all.

Comment Re:Who exactly is surprised by this? (Score -1) 149

Those are not necessities. Would you defend rich people being the first to have food and water and shelter?

- of-course I would, most obviously people with more means can get food and water and shelter faster and of higher quality than others. Wealth is a way to set priorities just as well as to do a number of other things, why wouldn't the rich have first access to food, water and shelter?

Comment Re: Standards... (Score 1) 171

Musk has said MANY times that he is fine with others using tesla network. Of course, he expects them to pay.Only an idiot would think that Musk is going to give that away. BUT, Musk wanted others to jump on this and help extend it. In fact, at one time, he said that he was in discussions with a European company on just this.

Comment Re:Poster does not understand Algebra (Score -1) 327

Economically, the "better" tax is a consumption tax.

Tax what people spend, not what they earn or they invest.

You want a Yacht or a Ferrari, great, add in the taxes. Your company wants a private jet,pay up. You want to live on the beach, pay up.

You can only afford a used car and an apartment? Pay much less.

You are going to save/invest your money, which will grow the economy so more can be consumed later. Great, we aren't going to penalize you for that.

Comment Re:Irony (Score 1) 174

Whenever someone start talking about Politifact, I just point to their contradiction of themselves. For them, the facts depend on if it's someone they like saying them or not. On the sites which rate fact-checking site bias, Politifact is on the slightly left-wing tilt, which is better that some out there, but to pretend their always neutral is easily shown to be false.

Also, what stories, or what angle on stories a news site chooses to cover tends to contain large amounts of bias. So you see CNN presenting how the Obama Administration wiretapping a Republican campaign staffer is evidence he was doing something wrong, while for the same story, Fox News is covering it as confirmation the Obama Administration wiretapped the campaign, but didn't actually find anything.

Comment Made up misleading def of "consumer surplus" in OP (Score 1) 241

Consumer surplus relates to marginal utility, where the consumer surplus is the difference between the purchase of the product or service and the subjective value, i.e. utility, to the consumer. When consumer surplus reaches zero, i.e. the value of the product or service is equal to the purchase price, the consumer ceases purchasing the product or service. Source: Alfred Marshall.

Comment Re:Who pays (Score 1) 171

all charging standards have a digital handing that is allowed. With tesla, you must send information about your vehicle and it is vetted before it is allowed. Any adapaters that the other car maker does for their vehicle would have to provide same information and would have to provide for payment fo electrcity, in a fashion similar to what all new tesla do.

Slashdot Top Deals

Nothing is faster than the speed of light ... To prove this to yourself, try opening the refrigerator door before the light comes on.

Working...