Slashdot Mirror
Bid to Tax Satellites Rejected
Kierthos writes: "This article updates an earlier Slashdot story about the Los Angeles County Assessor's office trying to tax satellites in orbit around the Earth. Short version: no go, the satellites don't get taxed."
"I don't know if there's any international law/agreement on how high a country's jurisdiction extends"
As Jerry Pournelle has pointed out, there are 5 countries in the world that can put objects INTO orbit, and two who can probably knock objects down FROM orbit (US and Russia; yes, I know, we claim we don't have such a weapon). Everyone else is free to make whatever laws they want; enforcing them would be the hard part.
sPh
"to an economist, "pure greed" is the same motivation behind every wage negotiation, every food purchase, every economic decision. Do you donate to charity? You do it because it makes you feel good, and your pure greed for that feeling makes you turn over a (usually moderate) portion of your wealth."
I was with you up to the second sentence of this paragraph. There is the minor problem that actual human beings are neither utility maximizers nor particularly rational. And even within the classical framework (a) there is no accepted way to measure "utility" so proof/falsification of these theories is essentially impossible (b) information and transactions costs are not zero, are often significant, and are usually not known or understood. With that complication much of what is "proven" in classical micro turns out not to actually apply in practice.
sPh