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Comment Re:Time for desperate methods yet? (Score 1) 55

Don't even try to convince me that nuclear power is bad, because university educated people like myself and most of the people that visit technology oriented websites like this are no longer the audience that needs convincing. The audience for this debate now includes beer drinking, t-shirt and torn jeans wearing, working class dudes.

For nuclear power to make money it will require enormous public subsidies:

(Gates TerraPower Natrium reactor) is estimated to cost $4 billion, with the DOE supplying half of that cost, and Gates contributing $1 billion of his money. (from wikipedia)

There is a huge public relations campaign to win political support for a technology that doesn't work without those subsidies. Lead by Bill Gates, who not coincidentally, is investing big time in the industry. And like all PR campaigns its pitches are emotional and aimed at people's identity.

Comment Re:Time for desperate methods yet? (Score 1) 55

What has been a huge impediment to lower CO2 emissions out of the USA has been Democrats holding up the construction of new civil nuclear power plants,

What is holding up new civil nuclear power plants is economics. The alternatives are cheaper and quicker to build and more reliable with lower operating and maintenance costs. \

and new nuclear powered vessels for the US Navy and US Coast Guard. Again the issue is cost and operations. Nuclear powered naval vessels are great for operating range but that is not needed in something like a coast guard vessel. An the added expense means fewer vessels as the trade off. Nuclear/Natrium power's problem is not political, its economic. The only way they get built is to initially way under-estimate the cost and then use the sunk costs to make the decision to proceed despite much higher cost estimates. You almost always end up with a project that is very late and way over budget.

Comment Re:Spaghetti AI = consultant boom (Score 1) 37

A sense of corporate self preservation does not equate to some kind of sociopathic need to hoover up every dollar that's possible.

Tell me about the decisionz your board made to the detriment of the company's long term financial health because they were morally right.

There are quite a few analogues between corporations and people

There are also important differences, even if the Supreme Court justices argue otherwise. In fact, the only real value they share is avarice. And lets be clear we are not talking about the individuals who work for the company but the company itself. No matter how empathetic a person is, the corporation's financial interests constrain that empathy

.

And to be clear I am talking about large for-profit corporations. If you are talking about a non-profit corporation or even a family business with a corporate structure those are a whole other animal where the owner's interests are not only financial.

Comment Re:Spaghetti AI = consultant boom (Score 1) 37

A judge will refuse to hear your argument

I doubt many judges are reading this and I am not making or interested in legalistic arguments.

Corporations are not inherently sociopathic. They're composed of people,

I thought you were arguing legalism so they are people. The fact is that collectively the decisions in corporations are made based on the financial interests of the corporation. To the extent someone knowingly makes a decision to the financial detriment of the company they are not fulfilling their responsibility to the company. They can't say I took all the money and gave it to the poor because it was the Christian thing to do and my first duty is to serve God. Nor can they say I gave the money to the local library because I think its important to the community. Or that I decided to help the homeless. Or that I decided not to foreclose because the widow needed a place to live.

Comment Re:Dangerous and Stupid (Score 1) 42

No offices or other facilities? No employees? No payroll? No operations in general? No jurisdiction!

Until someone in your country hacks our servers or uses our intellectual property. Then you have jurisdiction?

If you have customers in a country you are doing business there. If you have no operations in a country, then no they don't have jurisdiction because there is nothing for them to regulate. No one is suggesting someone in Mexico can sue a Canadian company in California. The question here is can someone in California sue a Canadian company in California.

Comment Re:Dangerous and Stupid (Score 1) 42

. Anyone doing anything on the internet will be either forced to geofence, or face the impossibility of compliance with a tangle of contradictory international laws possibly not even availible in language you speak.

Only if they do business in multiple jurisdictions. Are you seriously suggesting that someone can set up a company in North Korea and not be subject to US regulation of its business in the United States?

Comment Re:Spaghetti AI = consultant boom (Score 1) 37

they've done their best to align the interests of the company with theirs, which is enrichment.

Yes, in both cases. And the point was that corporations are interested in one value, their enrichment. They are essentially sociopaths. They have no human values beyond avarice. You apparently agree and I will accept your semantic quibbles about my calling that "the bottom line".

Not necessarily an increase of it, no.

What difference does it make whether it is protecting current financial value or increasing it? The answer is none.

Comment Re: Aging population (Score 1) 181

did you forget that people pay into Social Security through payroll deduction, and it's tracked on an individual account level?

Not if you mean each dollar adds to your own benefit or there is an account somewhere with money sitting in it. You (and your employer) pay a tax on wages that is used to pay current recipients' benefits. Your own benefit is relative to how much you paid in taxes only because it is also related to how much you earned in wages that were taxed.The tie is not direct, you don't get paid based solely on how much you paid in taxes.

Comment Re:Spaghetti AI = consultant boom (Score 1) 37

They can also be longevity based. Stability based.

Which is not of any financial value?

We would serve the company’s interests badly by shifting the fruits of the enterprise too heavily toward any one of those groups.

Again what are the "interests" not served? The answer is ultimately the company's financial interest.

The payback may be nothing other than consumer sentiment, or good will earned toward policymakers.

They could care less about consumer sentiment that doesn't translate into customer purchases. Likewise the good will of policy makers needs to translate into policies that serve the company's financial interests. Corporate donations to candidates are investments, not charity. Its not as if they just want to be liked.

While that may or may not be true, that is due to financial interests in boards and executives, and has nothing to do with fiduciary responsibility.

It is if they consider the corporation's interest as its financial success. In fact, if they acted in their own financial interests to the detriment of the company's they would be violating their fiduciary responsibility to the company.

Comment Re: Aging population (Score 1) 181

Groups are made up of individuals,

Of course they are, but that doesn't mean any individual in the group shares a characteristic of the group. Much less that every individual does.

your hand waving about racism notwithstanding.

People understand racism is wrong, they still use the same fallacious logic that supports it.

Comment Re:Spaghetti AI = consultant boom (Score 1) 37

Fiduciary responsibility does not, and has never meant, that the bottom line must continue to go up.

It means they have a responsibility to act based on the company's best interests, not based on their own interests or values. Corporations interests are solely financial and they define their success financially. To the extent they consider other values its ultimately because they think those values will add to their financial success. i.e. the bottom line.

You aren't going to find many successful CEO's that have walked into their board and said "This is going to cost us a lot of money with no payback, but its the right thing to do." And you aren't going to find many boards that would approve of the proposed action if they did.

Comment Re: Aging population (Score 1) 181

I assume it was being used descriptively. The majority of boomers as a group have certain things in common. One of those is that, again as a group, they own more stuff than members of other generations. One reason for that is that property was much cheaper when they were earners, so they got more square footage than later generations, which means they had more room for stuff.

Pretending otherwise is denialism.

You are applying the characteristics of a group to the individuals in it. That was the basis of eugenics and it is the fundamental flaw of bigotry. Its the reason someone would call it bigotry in the context it was used, applying a set of stereotypical characteristics to a specific group. The two martini lunch is a TV show trope, not reality for very many people.

I suspect many of the boomers who have more stuff have it because they are old enough to have received their inheritance. If they don't spend it all, their kids will also find themselves better off than others.

Comment Re: Aging population (Score 2) 181

To make this equitable, there needs to be a means test for Social Security.

I actually think that is a terrible idea. Mostly for political reasons. It essentially turns social security into a welfare program designed to transfer wealth. Social security has survived in part because people get what they paid for or at least some semblance of what they paid for. With means testing, it becomes another tax on wealth, the more you earn the less you get back. And that reduces the shared stake that people who have other resources have in its continued success.

Social security is essentially an annuity where everyone pays the same amount. Those who live longer than expected have the additional benefits required paid for with the money saved on those who die earlier than expected. And the money needed is much less than needed now with everyone theoretically saving enough to live to be 100.

But that guarantee also means people who saved more than enough can spend their extra money without worrying they won't have enough when they are 95. They can give money to their kids now, instead of making them wait until they die. And young people can spend the money they otherwise would have had to save. Providing everyone with a secure retirement has huge benefits for most people.

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