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Comment Re:Cue up (Score 1) 337

40% Informative
    20% Troll
    20% Overrated /. has long become a voting system for political opinions that the moderators agree or disagree with, 'Troll' or 'Overrated' means that they disagree with the opinion, yet the opinion is a fact in this case. It is a fact that taxes are introduced by majority voting to take something away from a minority. It is a fact that income taxes were introduced only to tax the top earners and it was 1% for incomes of 3000USD and over, 6% for incomes of half a million and over, it is a fact that can be independently confirmed.

The opinion in this case is that such behavior is confiscation and that it is not a sound foundation for the economy and that eventually these taxes expand to the rest of the population because this is how taxes work.

So I wonder is it the fact or is it the opinion that the /. moderates here? Neither facts, nor opinions are a way to troll anyone, if we mark everything that we disagree with as 'troll' then there is no discourse at all.

Comment Re:Cue up (Score 1) 337

So are you saying that a large number of people ganging together to take possession of property that is already owned by a small number of people is a fair way to run society, fair way to tax people, just invent new "taxes" on the fly on property that has been taxed already or that hasn't been sold yet, so there is no transaction, no money exchanging hands? Is THAT how "happy places" operate? Is that a sustainable path towards happiness?

Comment Re:Cue up (Score 3, Informative) 337

This is just property confiscation, I understand that poorer people do not care about wealthier people paying anything, that's how taxes and subsidies are pushed through in the first place. However call it what it is - it is confiscation of private property. As a side note, the so called 'income tax' also started as a wealthy people's tax. It was 1% and it was only applicable to a small fraction of the population who were earning over 3000 dollars a year or so and 6% of additional tax on incomes above 500,000USD, which was a tiny number of a small fraction of people.

You can go ahead and figure out what happened to that idea of only taxing 1% of a tiny number of people over the last 113 years without my help.

Comment Re:Futures trading is gambling (Score 1) 35

Not really. All the examples you give are cases where, if everyone follows the rules, you know what you're going to get before you pay for it. In gambling, if everyone follows the rules you do not know what the outcome will be. Which is the case with futures trading, you don't know what the price/value of the commodity will be when the contract comes due.

Comment Futures trading is gambling (Score 3, Insightful) 35

The problem the states are going to have is that futures trading, what the CFTC regulates, is gambling. You're betting on what the price of the commodity will do in the future. The moment the CFTC expanded to allowing intangible commodities, the outcome was a foregone conclusion.

Comment Re:Slot machines... (Score 1) 83

Thinking further, it seems like it'd be impossible to separate things because commodities future trading is in fact a kind of gambling. When you buy a futures contract, you're betting that the price of the commodity will go above the contract price. The seller is betting it won't. The only difference is what you get if you win the bet. dollars or eg. corn. Once you allow intangibles in, even that distinction disappears. The dissent has a point, but I think the majority is correct as to the law and if people don't like it then the law needs to be changed to restrict what can be traded on a commodities market.

User Journal

Journal Journal: Project Hail Mary 2026 is the dumbest things I have watched in a while 1

The story is really really really really really stupid. Every minute there was another thing, dumber than the one before it. Sure, it is funny sometimes and it is a tragic story but all the elements of it taken separately are idiotic, dumb, moronic. Water based dots that contain more energy than nuclear bombs of their size would while not being so dense, as to weigh hundreds of tons under Earth's gravity. These dots eating our Sun and at the SAME TIME being detected around all stars (but one

Comment Re: Win the battle, lose the war (Score 1) 81

As you can imagine I am 100% against communism and any form of socialism. Bezos and everyone else must have property rights not hindered by government, it is his business to run (or his board) and government must not be in position to dictate how any company hires and fires people, who they hire and fire, why, etc.

Comment Re:Win the battle, lose the war (Score 1) 81

I fully expect Amazon to close this warehouse, maybe it will be contaminated with something radioactive for example, to make things easier and then it will shut down. Personally I root for the anarcho capitalist solution and wish Amazon to win this battle for its private property rights.

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