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Comment Re:Polls don't vote (Score 1) 18

The UK mostly doesn't do voter suppression. However, they did for the Referendum. Basically, anyone who might not be racist was not permitted to vote.

Even then, 48% still insisted on staying in the EU.

One of the reasons the UK doesn't do voter suppression the way the US does is because (until very recently) the House of Lords had a lot of people in it who owed no favours at all to the political elite but did have a huge responsibility to making sure that things functioned in the long term. This has since been corrupted, so the HoL is no longer anything like as independent and politically neutral as it once was. Rather, the two main parties have stuffed it full of sycophants, which makes it useless. Which, of course, was the intended effect.

Because those in the HoL were partly hereditary (and therefore not under anyone's thumb and impossible to manipulate) and partly chosen on actual merit (they'd done stuff that was actually impressive and good for the country), the HoL were the true guardians of the Constitution and the nation. The House of Commons has always been corrupt and degenerate, so a parallel system that politicians couldn't control meant their worst excesses would always be curbed. The HoL has defended the common person FAR FAR more often than anyone in the Commons ever has.

This didn't make the HoL perfect, or even advisable to retain in its historic form, but it made it immune to the corruption that we were seeing in the rest of the system. What we needed was a replacement system that retained that immunity and improved on it.

Comment Re:Congesting pricing (Score 1) 99

Congestion pricing is only an option in places that have good alternatives to driving, something that a freeway in California does not have.

Working from home is an alternative, one that we should use more.

(Of course, I WFH full time and have for 20 of the last 30 years, so I have a bit of a bias.)

Comment Re:Sickening (Score 1) 277

While I'm all for the American dream there needs to be a hard limit on how much money a single person is allowed to accumulate.

You do know that Musk doesn't actually have a trillion dollars in *money*, right? He doesn't have anywhere remotely close to that much money. His total liquid assets are extensive, sure, maybe as much as a few billion, but nearly all of his incredible net worth isn't money. You could probably call it "potential money".

Comment Re:Like A Crypto Billionaire (Score 1) 277

Yeeees and no. It matters in terms of loans he can get from banks. A trillionaire gets an awful lot better deal than anyone else.

So although he cannot liquidate a trillion dollars, there's a decent chance he can borrow at exceptionally low interest rates enough to do pretty much whatever he wants because he has the moniker.

Comment Re:Even a trillion dollars can't buy self esteem (Score 1) 277

It's not hard to be morally superior to a childish self-righteous socipoath.

He's not bright, he's not clever, he IS abusive, and he is exceptionally rich. However, only an idiot equates "rich" with "better".

I would say more than half of Slashdot can match or exceed his intelligence. And that's despite the fact that Slashdot has attracted pet rocks as users in recent years. Actually, truth be told, it's because of that. Back in the younger days of Slashdot, I'd say 95% of the regulars were smarter than Musk.

All Musk has is money. And I can understand you envying that. But here's the thing. Smart people don't talk their company's value down. Smart people invest their money. Musk throws it around, such as buying Twitter and destroying the userbase.

Musk is not your friend.

Comment Re:Like A Crypto Billionaire (Score 2) 277

There's no doubt that Musk has near limitless funds at this point. But, "trillionaire" is just paper games.

And everyone should keep in mind that this is true for basically all of the billionaires. Not that there isn't real wealth there, but it's a lot fuzzier than the numbers appear. Basically everyone with astronomical wealth mostly owns shares in companies, and how much of that value is real in any near-term sense depends on a lot of factors.

Musk's wealth is more speculative and fuzzy than most because his companies' valuation is based not on the revenues the companies generate now but theories about what they might generate in the future. Tesla's high valuation is all about the promise of self-driving cars restructuring transportation. SpaceX's is a little bit about cheap access to space changing a lot of stuff and more about AI. In all cases the high valuations are bets on world-changing technology being becoming real, and on Musk's companies being able to capture a good chunk of the resulting revenues.

Comment Nice (Score 2) 27

Great. New fab in the West. It's just power stuff; silicon carbide FET and whatnot. Still, if concern for "sovereignty" is what it takes for bedroom community Europe to get off the dime, then good for them. Better than being industrial vassals of the US, China and Russia, which is where they've been heading. Feel free to make more "sovereign" fabs.

Comment Re:Meanwhile (Score 2) 277

I think wealth taxes are fundamentally a distraction from the giant loopholes in current systems, and even if you oppose wealth taxes, you should still fix said loopholes.

First off, people like Musk just take loans against their stock. This is not a realizing event, so they get to enjoy their gains without paying taxes on them. Using stock as collateral in any way should be a realizing event. If you're doing something that lets you enjoy the gains, you should be forced to realize the gains and pay taxes on them.

Secondly, capital gains are just income. They don't deserve a special lower rate. They should be taxed the same as other income, at normal income rates.

It's fair to argue about whether we should be doing more on top of these things, but can we at least agree that we should be doing these things, and make this the standard globally?

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