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Comment Re:Gee (Score 1) 313


If a trading firm dumps every last share and plunges the value of a company by half... so what? Great opportunity to buy all the cheap, underpriced shares that just went on sale.

If a trading firm buys a billion dollars of stocks of a firm... so what? Someone just got a lot richer by selling all the overpriced stocks.

What else could you possibly mean?

Comment Re:Gee (Score 1) 313

It might be painless for you, but you can't say that for sure about everyone else who is trading, which is what actually matters.

The alternative is you don't restrict people from selling their own property.

Comment Re:Gee (Score 2) 313

I'm sorry, do you have any clue how markets and stock markets work?

Any tax on individual transactions would absolutely mutilate liquidity. Markets and entire economic theorems about their efficiency only works when the cost of a transaction is negligible.

Further, do you have any clue how stocks are issued and priced? The price of a stock is just the price at which the last one was traded for. The price that YOU are going to be able to buy or sell for is different, it's whatever price a second party is willing to sell or buy for (respectively).

And you realize the price level is completely arbitrary, right? If a corporation feels that the stock is priced too high, no problem, just issue a 10:1 split and boom, their $1000/share is now $100/share.

Comment Re:Very wise decision making (Score 1) 44

Usually childhood is when you find out you have asthma, though. If you've got an island of 100 kids on summer vacation or in school, one of them is bound to develop it sooner or later. Sometimes this requires helicopter assistance!

The case described is infrequent, sure. But it and things like it happen often enough it's totally worth the effort to develop a cheaper solution.

Comment Re:No Change symbol (Score 1) 171

The full study is at http://www.appliedanimalbehavi...

Symbols were painted on a white wooden board.

It was a horizontal line for "blanket on", blank white for "no change", vertical line for "blank off".

In all cases, the blanket was adjusted by a human handler (if only to put it back where it was).

Comment Re: The U.S. ain't perfect, but... (Score 1) 527

I don't think you'll find anyone disagreeing with the notion that people can't just do whatever they want, that there needs to be some form of law.

But it seems you have something in mind that fewer people would agree with.

Most of the "checks and balances" on business is simple rule of law: You have to fill the terms of a contract, you must respect property rights, transactions must be voluntary, offers must be filled if accepted, you can't have banks manipulating the currency, etc. Some of this we're good about, some of it we're not. (For instance, I argue that our monetary system unfairly biases our economy towards fewer, larger corporations than would otherwise be possible.)

The "robber baron" article doesn't actually list anything they did wrong and by and large, the listed people ran businesses that dropped costs of then-luxury products. Rail transit, clothes, refrigerated food, oil, and steel all saw huge drops in price and cost, and resulted in the biggest increase in standard of living for the typical (median) person ever.

Comment Re:Real costs are gaining on real income (Score 1) 400

The 1% of what? If you're implying all output of all the extra automation is never seen by 99% of the population, then 1% is a number you're pulling out of your ass.

Real prices in most sectors have gone down. Though this is hard to pinpoint because of the rampant monetary inflation that has been pursued (and this does negatively impact the working class disproportionately!). Prices that have gone up are usually sectors where there's subsidized credit or third-party-payers... particularly housing, education, and healthcare.

Here's the very most favorable data point I can find for you, real median personal income.

That is to say, take everyone's income, adjusted for inflation, and we still find with the exception of two years, decade-over-decade, a person in the very middle of the pack (so as to exclude very-rich outliers on a long tail, someone making $30k/yr now), has still gotten richer.

Comment Re:ROBOT TAX. (Score 1) 400

Those lost "proceeds" surface in the form of cheaper products and being able to buy more things with the same amount of work, not necessarily higher wages or higher revenue by itself.

"real wages" -- the amount of time you need to spend working in order to feed yourself and provide other basic needs -- has never stopped falling decade over decade.

Every income bracket, every quintile, has gotten richer since 40 years ago, and people also move between quintiles with astonishing frequency (something like 95% of people fall out of the top quintile after a decade).

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