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Why Republicans Won't Retake Silicon Valley

An anonymous reader writes "Republican consultant Patrick Ruffini, who counts Google as one of his clients, sketches out a way that the GOP could 'win back' Silicon Valley — but he gets smacked down by tech businessman Francis Cianfrocca. 'Patrick's basic thesis is that the VC firms that fund the Valley will rebel at being regulated by [Treasury Secretary] Tim Geithner, who is talking about increasing reporting requirements for both private equity and venture capital. Assuming I understand them both correctly, something tells me that neither Geithner nor Ruffini understand deeply what venture capital is all about.'"

445 comments

  1. A lot of geeks are libertarian leaning by Anonymous Coward · · Score: 5, Insightful

    The GOP just needs to embrace that aspect of the party more.

    1. Re:A lot of geeks are libertarian leaning by h4rr4r · · Score: 5, Insightful

      No, a lot of undergraduate white kids who have had mommy and daddy pay for everything and have never had any real life experience are libertarian leaning.

      This is because it became fashionable to be "libertarian leaning" for the kids 5-10 years before them it was fashionable to be "socialist leaning".

       

    2. Re:A lot of geeks are libertarian leaning by Austerity+Empowers · · Score: 2, Interesting

      Political leaning is a stupid way of identifying yourself, thus I doubt VCs will care about the slant.

      I think the silicon valley probably doesn't like seeing its jobs shipped overseas. VCs don't benefit much from offshoring, but the rest of Si Valley only gets murdered by it. VCs won't like being regulated, but they aren't profiting by so much of the tech industry being in jobs they're petrified of leaving either. They can't get people to take risks in small start ups in the present market.

      I don't think either side of politicians in general understand the impacts of what they're doing. What's new.

    3. Re:A lot of geeks are libertarian leaning by MindlessAutomata · · Score: 4, Insightful

      Yeah, I'm sure all those liberal kids at Berkeley and Harvard and so on are paying THEIR way through college!

      It's fashionable to be "libertarian" nowadays in the Bill Maher sense--that is, you think pot should be legal. However, the "true" libertarian types are much fewer and far-between. I've found most of the "true" libertarians to usually be in the poor-to-middle-class range. If libertarianism was popular among the rich we'd see a lot less support for corporate hand outs and subsidies...!

      Anyway, libertarian or socialist, it doesn't really say anything about how "greedy" you are. A libertarian may simply believe that society doesn't have a right to dictate what others do no matter how noble it is; a socialist may be a socialist because they want easy work and "free" stuff.

      I myself know an anarcho-capitalist that doesn't go to college because he can't fund it himself, and because he adamantly refuses to take federal aid as he would be taking far more than he has paid into the system with.

      The fact is, colleges are almost entirely democrat-to-social-democrat-leaning. I suspect your statement was an attempt to deflect the obvious point that most in academia, undergrads on up, are staunchly liberal; whom match your bias.

    4. Re:A lot of geeks are libertarian leaning by h4rr4r · · Score: 2, Insightful

      I would say when I went to college that was true. These days they are full of these "libertarians" that have never felt hunger or been too broke to go to the hospital.

      Staunchly liberal children would not match my bias either, but attacking the messenger sure is fun, isn't it?

    5. Re:A lot of geeks are libertarian leaning by bdomenech · · Score: 1

      I think that varies a ton. There are a lot of libertarians there, yes, and opposition to "nanny-state" approaches to life and the marketplace. But Republicans and Democrats alike support censorship - it's just usually censorship of different varieties (GOP tends to want to shield children from sex, nudity and language - Democrats tend to want to shield them from violence or support political correctness) and it's not like there's a solid "geek position" on health care, taxes, national defense, budgets, or abortion.

    6. Re:A lot of geeks are libertarian leaning by WCguru42 · · Score: 1

      I myself know an anarcho-capitalist that doesn't go to college because he can't fund it himself, and because he adamantly refuses to take federal aid as he would be taking far more than he has paid into the system with.

      Federal aid is usually in the form of a loan so it's not really about taking out more than you've put in. Now, if he doesn't feel like taking on tens of thousands of dollars in debt, that's fine, but it's not exactly like taking a handout.

      --
      "Educate the mind but never at the expense of the soul."~Blessed Basil Moreau
    7. Re:A lot of geeks are libertarian leaning by cayenne8 · · Score: 2, Interesting
      At the base of it, I'm trying to figure out what the fuck the federal government knows about, and has business messing with Venture Capital?!?!?

      You know...I worried about the fascist leanings the last Bush admin put us on a path towards...but, they way the Obama admin is trying to creep in and own and control all aspects of business in the country, scares the hell out of me, and they've only been in power for like 3.5 months!!!

      I expected the spending, but, this part of taking over banks and businesses and now something as far away from the economic problems as venture capitalists is really surprising me.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    8. Re:A lot of geeks are libertarian leaning by vertinox · · Score: 1

      The GOP just needs to embrace that aspect of the party more.

      Or boot out the people who want to include religion in government.

      What bothers me is that those groups within the GOP think that including religion in the state must be the best way to go without realizing that the founding fathers of the United States fought so viciously against it because they knew damn well what happens when you mix the two.

      Basically... The reason many of the early settlers of the North America were moving from Europe was the fact the most countries in Europe included the Church and faith within the state and often forced people to change their own beliefs to conform (You know... Puritan, Quakers, Waldensian etc).

      Even though they were all Christian, mixing stat policy and religious dogma usually meant forcing people to change their views on how they interpreted Christianity which usually led to war.

      The idea that that state can tell you what to believe and behave based on religion is just as dangerous to religious people as it is to atheists.

      And how would you feel if the state told you that you had to pay taxes to them in order to go to heaven? Sounds ridiculous but back in the day when the King of England was the head of the Church... Failure to support the king was also failure to support the church.

      --
      "I am the king of the Romans, and am superior to rules of grammar!"
      -Sigismund, Holy Roman Emperor (1368-1437)
    9. Re:A lot of geeks are libertarian leaning by MindlessAutomata · · Score: 1

      Yet, you don't go to college now, so how would you know that? Simply watch what the major protests at big universities. It's extremely left-wing. The university I go to is extremely left-wing--in a extremely Republican state, no less. Libertarians are represented far less than Republicans even are are most universities. Libertarians are more hated at universities than anywhere else because most universities receive federal funding, and a lot of professors' research grants comes from federal funding. You do not want to admit to being a libertarian on a college campus.

      If anything tends to be more true of the extreme libertarians I know, they are more "redneck" and less "yuppie"; few of them play "blame the poor", are extremely supportive of immigration and frequently disdain the nativist populism (they took our jobs!!!) of the Democrat (and Republican) parties. One of them I know IS jobless, and have met some that have one time or another actually been homeless.

      Neither libertarianism or (state) socialism necessarily has much to do with whether you think people should or should not care for the poor, as they, again, are beliefs on how association should be carried out.

    10. Re:A lot of geeks are libertarian leaning by ericrost · · Score: 3, Insightful

      Yes, but the banks are subsidized and guaranteed to make those loans in the first place. That money is "unfairly taxed" from the citizens on this country. You think the bank makes any money on the $22k they loaned me at 2.6% fixed interest for 20 years? I can't very well call myself a Libertarian and accept that kind of aid at the same time, now can I?

    11. Re:A lot of geeks are libertarian leaning by MindlessAutomata · · Score: 1

      Even with loans the principle behind it is the same; the money the loan is coming him was, in his eyes, "forcibly taken" so there's not much difference.

    12. Re:A lot of geeks are libertarian leaning by OpenGLFan · · Score: 2, Insightful

      No, a lot of first-job recent graduates are "libertarian leaning", because they get their first paychecks and ask "Who is FICA and why do they get all my money?"

      They get told "you have to pay taxes to pay for all the roads and bridges", but they realize that all the money is spent playing GI Joe and saving banks that were run into the ground by gambling-addicted bankers who broke the world. War in Afghanistan got little support because it was difficult to spell, so we had to invade Iraq, as that fit more nicely on bumper-stickers.

      They stop being libertarians a bit later when they realize that the only thing better than a world based on equality is being on top of a world based on inequality, and they begin donating to one of the political parties. (Doesn't matter; there are occasionally balance issues between Red Team and Blue Team, but Red got nerfed on the latest patch, so we'll see if that fixed it.)

    13. Re:A lot of geeks are libertarian leaning by Anonymous Coward · · Score: 0, Insightful
      Well, I would moderate this as funny, because no sane person could think this was true.

      In any case this can be extended. For instance, I find that a person is more likely to be republican if one or two things have happened. One is that they have never had to create a job in their life. They get their money from the state, usually by some job that pays them twice what they are worth. The second is the fundamentalist religious person who gives 10% of their money to a church without question, but feels put upon when asked to give 15% of their money to their country, even though the church does nothing to insure the money in the banks, build roads, provide legal frameworks so that people can make money, or provide military protection from other fundamentalist wackos. In the end these people simply are greedy. They tend to have enough, but live in fear that someone might have more than them. They overextend themselves buying hummers, and then cry because they still have to the gas bill. In the end, taxes are bad because it minimizes the amount stuff they can have, and might mean someone have something they don't. Redistribution of wealth.

      Democrats, OTOH, are honest. They tend to pay taxes, when they have to, but don't go on after the president complaining that military budgets are going to be cut, as they know that whatever is spent must be paid for through taxes, and they don't want to pay taxes. They want people to have enough to eat but realize that there are fewer people, it will cost less to feed people, so taxes will go down. Democrats will happily sit in a fine restaurant eating a meal that costs more than a weeks pay a minimum wage, because they know they have paid taxes so that people who want to eat will eat. They send their children to the best schools knowing that the poor have decent schools to go to, and, if they want, the children will get an education. They have no problem with inheritance taxes because they have good lawyers to minimize the taxes, and know that they kids have enough real wealth, and the country is set up so that people in certain social circles get rich no matter what, that they kids will be ok.

    14. Re:A lot of geeks are libertarian leaning by Anonymous Coward · · Score: 0

      I can be a libertarian (and I am. The good government is the no-government. I am an Anarch-Capitalist), but I won't ever follow the GOP. The GOP is becoming a Right-Wing Fascist religious party, and I am a scientist, sorry. Read this: http://www.foxnews.com/politics/2009/04/17/mccain-strategist-warns-gop-risks-religious-party/ and see why my contributions won't ever make any Republican richer... (and the link is from FOX News, the very own GOP's TV/NEWS network)

    15. Re:A lot of geeks are libertarian leaning by joocemann · · Score: 1

      The GOP is 95% neocon now. OG republicans are theo-blinded and don't realize it and the Libertarians are too wise to hang around the GOP anymore.

      Unless the republicans can induce the loss of net neutrality and bias the last open media platform -- they stand very little chance in the future. The only reason old ideas were resurgent in the last few elections was largely due to the lack of widespread free information that people now find on the internet. As internet use rises, people lose interest in the corporate media garbage they use to rely on for information.

      I have a Break.com video here that should open your eyes. Its about a guy who passes out, but that's not funny. The funny thing is how ridiculous these puppets attempt to simplify and convey information in ways to influence their sheeple. http://www.break.com/index/economist-passes-out-on-news.html

      Now imagine this garbage is your sole source of information... yes this is slashdot, we're beyond this, but in the last 10 years this is what people have been addicted to yet are gradually moving away from.

      Kill the last free speech of the internet and the old ideas may once again be mashed into the wee sheeple brains. Until then, be prepared for diverse opinion, new ideas, Truth, and international understanding.

    16. Re:A lot of geeks are libertarian leaning by ArcherB · · Score: 3, Insightful

      No one is EVER too broke to go to the hospital. They have no choice but to treat you, regardless of you income status.

      Sure, they may hound you for cash for a few years and ruin your credit, but you will get the treatment you need.

      --
      There is no "I disagree" mod for a reason. Flamebait, Troll, and Overrated are not substitutes.
    17. Re:A lot of geeks are libertarian leaning by jgtg32a · · Score: 1

      It seems like a large portion of the people who responded to your post missed the key word "leaning"

    18. Re:A lot of geeks are libertarian leaning by powerlord · · Score: 1

      It's fashionable to be "libertarian" nowadays in the Bill Maher sense--that is, you think pot should be legal.

      And what does holding Libertarian views on government regulation of morality (stop banning drugs/prostitution/etc., legalize them, regulate them, tax the shit out of them), not mesh with also holding views in favor of limited government welfare (since ultimately we all need some support structure in our lives, and not everyone is lucky enough to have it), a primarily Capitalistic view toward economic matters, or an Isolationist view of dealing with the the rest of the world?

      Not that I hold all of these views myself, but the fact is that most people (above the age of 18), often have complex views about the world, because the world is a complex place, that is very difficult to model, let alone regulate and take care of.

      --
      This space for rent. All reasonable inquiries will be entertained at proprietors discretion.
    19. Re:A lot of geeks are libertarian leaning by joocemann · · Score: 1

      GOP = 100% Neocon. The OG Republicans hang around because they are theo-blinded and do not realize it. The Libertarians have all but abandoned the GOP because they know the Neocons are running the show now.

      Until the republicans can induce the loss of net-neutrality and allow for corporate control of the last open media source --- they will not regain a foothold in this country.

      Old Ideas are dying as new information becomes available. The more reality becomes apparent, the less religion will influence people. The more corporate actions are understood, the less people will side with them. The more people shy away from mainstream televised media, the less likely they will continue to follow the silly ideals they push.

      Let's face it, in today's technologically advanced, generally educated, highly overpopulated world -- the idea that god controls everything, that the free market will solve everything, and that America and corporations can do no harm, is quickly fading.

      The news tried to tell me that Canadians hate their social healthcare system. Unfortunately, I had the internet and about two dozen Canadians I could immediately contact about it. Not one of them was even displeased, let alone hateful of their system. Half of them laughed at my question and already knew it was driven by TV-media lies. With the internet I could probably find a ton of information regarding any topic that corporate conservative media has tried to lie to me about.

      Hell, I have a break.com video here that will blow your mind. Its about a guy who passes out, which is not funny. But what is funny is the actual show! They talk about complex things in such simple ways and attach commonly understood words with heavy connotations (like 'cancer') to influence their sheeple! It is so hilarious, and while this media format was popular in the last decade, more and more people are waking up and logging onto the internet for information because crap like this is becoming WAY too obvious.
      http://www.break.com/index/economist-passes-out-on-news.html

      Good luck GOP. Whatever the hell you think you used to be...

    20. Re:A lot of geeks are libertarian leaning by Doc+Ruby · · Score: 1

      If by "libertarian" you mean "corporate anarchists", the Republican Party embraces that aspect of their party 110%. You "libertarians" are just unhappy with Republicans for delivering some warlords victory over everyone else, which is what corporate anarchy gives us as soon as it's unopposed by the people in a government.

      If by "libertarian" you mean "Mayor of Sim City", then Republicans can appeal to the few thousand geeks who don't notice the huge public efforts that give them everything they take for granted. The rest of us will keep a government of the real world, thanks.

      --

      --
      make install -not war

    21. Re:A lot of geeks are libertarian leaning by Slacksoft · · Score: 1

      Would you like a hug?
      -Your new Republican friends.

    22. Re:A lot of geeks are libertarian leaning by Walkingshark · · Score: 1

      Yes, but the banks are subsidized and guaranteed to make those loans in the first place. That money is "unfairly taxed" from the citizens on this country. You think the bank makes any money on the $22k they loaned me at 2.6% fixed interest for 20 years? I can't very well call myself a Libertarian and accept that kind of aid at the same time, now can I?

      Honestly, you can't call yourself a Libertarian and drive on roads at the same time. At least, not and also be intellectually honest. Not to mention all the indirect things people benefit from. Pretty much all of the traditional ideologies fall apart in modern civilization, though, because they are all extremely limited models that tend to ignore large parts of the system that makes up civilization, or to underestimate the size and complexity of the system.

      As far as I can tell, so far everyone is doing it wrong.

      --
      The world you experience is only a close approximation of reality.
    23. Re:A lot of geeks are libertarian leaning by Dragonslicer · · Score: 1

      The federal government is only trying to take over banks and businesses that came whining to the government about losing all their money, so you can't really say that they're about to make the entire country communist. Whether or not you think the government should be rescuing the dying businesses in the first place is a different matter.

    24. Re:A lot of geeks are libertarian leaning by MindlessAutomata · · Score: 1

      My point was is that too many people call themselves libertarian when their only concern is pot--ones that don't even believe that all drugs should be legalized based on the notion of personal choice. Bill Maher is simply far from a libertarian but he seems to fancy himself one.

      (since ultimately we all need some support structure in our lives, and not everyone is lucky enough to have it

      There's a difference between mandatory, government other-people-decided-it-for-you social support and voluntary social support. Libertarians say that only voluntary social support is "just", not because they think that the poor don't deserve help and thus it should only be "optional", but because they simply think all relationships should be built on a framework of mutual consent.

    25. Re:A lot of geeks are libertarian leaning by Anonymous Coward · · Score: 0

      No one is EVER too broke to go to the hospital. They have no choice but to treat you, regardless of you income status.

      Sure, they may hound you for cash for a few years and ruin your credit, but you will get the treatment you need.

      They are only legally required to provide a medical evaluation performed by a doctor to determine whether your condition is a genuine immediate -emergency-. If it is, they are legally required to treat the emergency. If you happen to visit the ER while a kind doctor is available, the ER staff may even choose to treat you for a non-emergency condition.

    26. Re:A lot of geeks are libertarian leaning by cayenne8 · · Score: 2, Informative
      "The federal government is only trying to take over banks and businesses that came whining to the government about losing all their money, so you can't really say that they're about to make the entire country communist. Whether or not you think the government should be rescuing the dying businesses in the first place is a different matter."

      I dunno about that. I thought that at first, but, when the administration was refusing to take back repayment of bailout money from some banks that wanted to pay it back and get out from under the control of the feds.....I started to worry at that point.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    27. Re:A lot of geeks are libertarian leaning by ZFox · · Score: 1
      3:34 PM:

      The GOP is 95% neocon now.

      3:47 PM:

      GOP = 100% Neocon.

      Did that pesky 5% finally switch over?

    28. Re:A lot of geeks are libertarian leaning by glazener · · Score: 5, Informative

      This is a dangerous myth that way to many people believe. The fact is, it's just not true. All hospitals that accept federal funds of any kind, including medicare and medicaid payments must provide an evaluation and appropriate emergency treatment. If a woman presents in active labor, they either have to treat her, or if they can't safely treat they must arrange for appropriate transportation to another facility. If a patient presents in the emergency room with a condition that will, in the short term, become life threatening, the hospital must treat. Other than those 2 cases, the hospital has no obligation to provide treatment.

      Have strep throat. The hospital must evaluate, but are under no obligation to run a strep test or provide antibiotics to treat the problem unless it has progressed to sepsis.

      Present with a blood glucose level of 250. Might not even be diagnosed, depending on the acute symptoms. No obligation to treat, no required follow-up for diabetes education, no requirement to provide a blood glucose monitor or test strips, no requirement to provide medications that control the condition.

      Present with asthma. Most of the time, this gets you to the front of the line right up there with the cardiac patient. They have to get you stable, might even have to admit you for a day or two to get the symptoms under control, but the hospital has no obligation to treat after the crisis has passed.

      Show up with an obvious 1 cm melanomia on the back of your hand. Don't expect a dermatologist to come down, remove the cancer and do a biopsy and provide on going treatment. At best you'll get a refereal from the ER doc and an admonition to see a specialist as soon as possible.

      Bottom line, unless the patient is in active labor, or the condition is such that there is a significant possibility that the patient might die in the short term, there is no legal obligation for the hospital to provide any treatment whatsoever.

      I am sure that there are clinics and hospitals out there that provide on-going treatment for chronic conditions and will work out a payment plan for you. But no one should believe that there is a legal requirement for any health care organization to provide routine care if you have no means to pay for it.

    29. Re:A lot of geeks are libertarian leaning by WCguru42 · · Score: 1

      Yes, but the banks are subsidized and guaranteed to make those loans in the first place. That money is "unfairly taxed" from the citizens on this country. You think the bank makes any money on the $22k they loaned me at 2.6% fixed interest for 20 years? I can't very well call myself a Libertarian and accept that kind of aid at the same time, now can I?

      Well, $22k with any form of interest produces a gain for the bank. Maybe not as much as they make off credit cards but still a profit. Also, I'm not sure about this "unfairly taxed" statement. Considering where our tax money goes, investment in education is noted to have one of the greatest returns on investment. Society should be happier to have their tax money spent on education than most other things.

      --
      "Educate the mind but never at the expense of the soul."~Blessed Basil Moreau
    30. Re:A lot of geeks are libertarian leaning by Bloodoflethe · · Score: 1

      And what if by libertarian they mean that they believe "all persons are the absolute owners of their own lives, and should be free to do whatever they wish with their persons or property, provided they allow others the same liberty", y'know the actual definition of libertarian?

      --
      "Little is much when little you need."
    31. Re:A lot of geeks are libertarian leaning by joocemann · · Score: 1

      hahah. I wrote one and thought I lost it to an internet bug then rewrote a new post with the same general message but decided to leave Ron Paul out of the GOP the second time around.

    32. Re:A lot of geeks are libertarian leaning by khayman80 · · Score: 2, Insightful

      Well, $22k with any form of interest produces a gain for the bank.

      I'm not an economist, but isn't this statement only true for interest rates that are above the inflation rate? For the example in question, the bank would have to charge at least the average inflation rate over the student loan period in order to break even...

    33. Re:A lot of geeks are libertarian leaning by Anonymous Coward · · Score: 0

      They DID. They deregulated the banking industry, on the promise from austrian academic economics professors like Ron Paul that it would work well. Instead the objectivists at AIG and Morgan Chase took the opportunity to partake in furthering their own rational self interests and walked away with billions of dollars before bankrupting those companies.

    34. Re:A lot of geeks are libertarian leaning by Anonymous Coward · · Score: 0

      Democrats, OTOH, are honest. They tend to pay taxes, when they have to ... They have no problem with inheritance taxes because they have good lawyers to minimize the taxes

      They pay their taxes unless they can cheat their way out of them with loopholes but think other people should pay more. That's not honest, that's just as greedy as you claim Republicans are... even moreso since the Republicans aren't demanding that the government fund all kinds of social programs out of other people's wallets.

      For instance, I find that a person is more likely to be republican if one or two things have happened. One is that they have never had to create a job in their life. They get their money from the state, usually by some job that pays them twice what they are worth. The second is the fundamentalist religious person

      That's why most Chambers of Commerce, the lobbying groups that support business owners aka job creators, tend to lean pretty far to the right on most issues. And your second generalization also explains people like Ted Kennedy and Nancy Pelosi that consider themselves devout Catholics.

      You need to challenge your world views. In ACland, Democrats = anything honest and good while Republicans = greedy liars. The world is far more complicated than that. You might want to get out of your parent's basement and experience the real world. At a bare minimum, stop contradicting yourself like you did with Democrats and taxes. (and if you need examples of Democrats that demand more spending but cheat on their taxes, take your pick from the people Obama has nominated)

    35. Re:A lot of geeks are libertarian leaning by Lemmy+Caution · · Score: 1

      Yeah, those last 13 minutes were the final straw.

    36. Re:A lot of geeks are libertarian leaning by linzeal · · Score: 0, Troll

      Yeah, so go beat up a priest with a baseball bat, wham 10-15 years free medical care.

    37. Re:A lot of geeks are libertarian leaning by Americano · · Score: 4, Insightful

      Honestly, you can't call yourself a Libertarian and drive on roads at the same time.

      Yeah, just like you can't be a Republican and not be a god-fearing bible thumper intent on burning gays & liberals at the stake. Or just like you can't be a Democrat and not want America to turn into a completely communist society, where the successful are punished for the sin of productivity.

      Libertarianism, just like any other political ideology, has extreme adherents. To assert that anybody who calls themselves a Libertarian must also subscribe to the extreme anarcho-capitalist views you've decided constitute "libertarian philosophy" is thoroughly disingenuous, and just plain incorrect.

    38. Re:A lot of geeks are libertarian leaning by Dragonslicer · · Score: 1

      I dunno about that. I thought that at first, but, when the administration was refusing to take back repayment of bailout money from some banks that wanted to pay it back and get out from under the control of the feds.....I started to worry at that point.

      Er, yeah, I'd kinda worry about that too. Did the Treasury give any reason for that?

    39. Re:A lot of geeks are libertarian leaning by couchslug · · Score: 1

      "The GOP just needs to embrace that aspect of the party more."

      What aspect? The Republican Party is still owned by the religious right and they can not be expected to give it back without a fight.

      --
      "This post is an artistic work of fiction and falsehood. Only a fool would take anything posted here as fact."
    40. Re:A lot of geeks are libertarian leaning by tyrione · · Score: 1

      The Libertarian Party has nothing against Abortion nor Gay Rights. In fact, they respect them both and include Drug Rights.

      What part of these three do you ever see the GOP embracing?

    41. Re:A lot of geeks are libertarian leaning by illumin8 · · Score: 1

      I expected the spending, but, this part of taking over banks and businesses and now something as far away from the economic problems as venture capitalists is really surprising me.

      Actually, the Obama administration, just like the Bush administration before them, is not doing their duty as required by law. When banks are insolvent, as they are today, the FDIC is legally obligated to take the bank into "receivership." When this happens, the government takes complete control of the banks and is in charge of removing the bad assets from their balance sheet, chopping them up, and selling them back to the private market. This is critical because in order for the banks to become solvent again, they need to have the bad assets and debts removed from their balance sheets.

      What is going on right now is that the banks have bribed so many politicians on both sides of the aisle that the government is not doing their job. Instead, they are letting zombie banks with $billions in bad mortgage assets stay in business, and they are even funneling money to them to keep them afloat. This is not what they are required by law to do. The banks should be taken over by the government and put into receivership immediately. It's a shame that you've bought the Faux News line that this is socialism. This isn't socialism. This is how you're supposed to regulate your banking industry.

      Banks are like evolutionary organisms. If one makes bad bets and over leverages themselves, they need to die or be removed from the food chain. Keeping zombie banks alive with cash infusions from the treasury is not the way to go. That is the way you get the "lost decade" that Japan had in the 90s.

      --
      "When the president does it, that means it's not illegal." - Richard M. Nixon
    42. Re:A lot of geeks are libertarian leaning by AlexLibman · · Score: 1

      Fiscal conservatism / capitalism and not spreading your subjective religion through government violence is kids' stuff, eh? I guess real life experience is required to understand how successful socialism and religious bigotry have been throughout history...

    43. Re:A lot of geeks are libertarian leaning by bwen · · Score: 1

      Pretty much nailed it. Many ER's now have a screening room for just that. If you have an emergency, our responsibility is to identify and treat it. If you "think" you have an emergency (back pain for months, doctor didn't refill narcotic prescription,) you may get triaged out. Urgent care centers and clinics often are more appropriate for other medical complaints. An ER doc friend of mine thinks they should name it the "You might die today room" as opposed to the "Emergency Room" considering what shows up.

    44. Re:A lot of geeks are libertarian leaning by stupidflanders · · Score: 1

      Has your friend considered Hillsdale College? They refuse to take any Federal or State funding; the whole college is run on donations by alumni and people who really dislike big government. Just a thought.

    45. Re:A lot of geeks are libertarian leaning by Walkingshark · · Score: 1

      From the libertarian party platform:

      2.4 Government Finance and Spending

      All persons are entitled to keep the fruits of their labor. We call for the repeal of the income tax, the abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution. We oppose any legal requirements forcing employers to serve as tax collectors. Government should not incur debt, which burdens future generations without their consent. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes.

      Just a sample, really. You read the whole thing and it becomes pretty clear that public roads are completely antithetical to the LP's platform. In the view of the party, such things are better left to private businesses, completely unregulated by the government.

      Of course, the LP also advocates for the right to corporate monopolies. I'm sure that mixing roads, lack of government regulations, and monopolies would lead to some kind of paradise, right?

      --
      The world you experience is only a close approximation of reality.
    46. Re:A lot of geeks are libertarian leaning by badkarmadayaccount · · Score: 1

      That's why any sane libertarian is actually an anarcho-capitalist, where there is some expectation that some entity will make sure there is a free market at all times, in all places, which for lack of a better term is called a government, though it's just gonna be one big court, with no executive powers, and lawmaking capabilities of extending existing definitions without being anti-constitutional.

      --
      I know tobacco is bad for you, so I smoke weed with crack.
    47. Re:A lot of geeks are libertarian leaning by Doc+Ruby · · Score: 1

      Then they're denying that their own lives have been heavily subsidized by most everyone else. Not just during their own lifetimes or their parents'. But how about the land they live on that was stolen for them by armies over centuries? How about all the public research stopping disease? How about all the wars for their freedom? All that government work is "socialism", right, so you can just ignore it.

      You libertarians act like you just found $100 on the ground, and made it yourselves.

      --

      --
      make install -not war

    48. Re:A lot of geeks are libertarian leaning by badkarmadayaccount · · Score: 1

      Isn't that an anarchist?

      --
      I know tobacco is bad for you, so I smoke weed with crack.
    49. Re:A lot of geeks are libertarian leaning by Americano · · Score: 1

      You read the whole thing and it becomes pretty clear that public roads are completely antithetical to the LP's platform.

      Please explain how opposing an income tax & deficit spending translates to "no public roads"? I fail to see how one necessarily follows from the other.

      Of course, the LP also advocates for the right to corporate monopolies.

      And what, exactly, is the problem with a corporation becoming a monopoly? In a free market, that means that the company has been able to produce the best product for the cheapest price, and that people are rewarding that productive ability with their patronage.

      Or did you mean to say that a corporation abusing a monopoly position it has attained in order to unfairly limit competition - thus distorting & undermining the free market - is a problem?

      If you go back and read the libertarian party's platform, I think you'll find that it has quite a bit to say about free trade & free markets, and all of it is staunchly pro-free-markets. I think you'd be hard-pressed to find a libertarian who thinks that allowing a corporation to abuse the rights of people & subvert the free market is a "good" thing.

      In fact, I think you'd find that libertarians, by and large, would see preserving individual rights & free markets as one of the FEW legitimate roles of government.

    50. Re:A lot of geeks are libertarian leaning by Americano · · Score: 1

      That's why any sane libertarian is actually an anarcho-capitalist

      You may have noticed that a prominent root of the term "anarcho-capitalism" is the term "anarchy". Anarchy means, quite literally, "an absence of the state." Given that, I fail to see how you can then conclude:

      where there is some expectation that some entity will make sure there is a free market at all times, in all places, which for lack of a better term is called a government

      No, in fact a distinguishing feature of anarcho-capitalism is that there is no (emphasis on the 'no') government. All services, including courts and personal defense, would be provided by voluntarily-funded private organizations.

      though it's just gonna be one big court, with no executive powers, and lawmaking capabilities of extending existing definitions without being anti-constitutional.

      What Constitution? Anarcho-capitalism acknowledges no state with the authority to write and ratify a constitution.

    51. Re:A lot of geeks are libertarian leaning by badkarmadayaccount · · Score: 1

      That's why I said 'for lack of a better term'. Also, replace constitution with natural human rights.

      --
      I know tobacco is bad for you, so I smoke weed with crack.
    52. Re:A lot of geeks are libertarian leaning by Americano · · Score: 1

      That's why I said 'for lack of a better term'.

      Anarcho-capitalism holds the individual as the sovereign authority for that individual. There is no single entity higher than the individual which has the ability to or the responsibility for enforcing & protecting the free market. There can be no expectation that "some entity" outside the individual will protect the free market when there is no recognition of any entity higher than the individual.

      Individuals "enforce" the free market by entering into voluntary business relationships with one another, in which they agree that disputes will be adjudicated according to a mutually agreeable set of rules enforced by a non-governmental body. The entire exchange is voluntary, with each individual making their decisions based on their own interests. If it is not mutually agreeable, no agreement is made.

      Your statement that there is some single "higher entity" ("one big court," "lawmaking capabilities") that protects & enforces the universally-available free market belies a fundamental misunderstanding which invalidates your assertion that "sane libertarians are actually anarcho-capitalists." Philosophically, "libertarianism" is not "anarcho-capitalism", though both have inherited some key concepts from classical liberalism.

    53. Re:A lot of geeks are libertarian leaning by badkarmadayaccount · · Score: 1

      OK, you have a point.
      But do we agree that anarcho-capitalism is a purified (read: improved) version of libertarianism?
      *pulls out black and gold flag*

      --
      I know tobacco is bad for you, so I smoke weed with crack.
    54. Re:A lot of geeks are libertarian leaning by Americano · · Score: 1

      On the spectrum of philosophies with a common heritage from classical liberalism, I would agree that, yes, anarcho-capitalism is an extreme reading of many of the principles espoused by libertarianism.

      And to be clear: by "extreme", I mean the literal definition - "to the greatest possible degree", not the Fox/MSNBC definition of "fundamentalist nutjobs who don't agree with this channel's particular groupthink."

    55. Re:A lot of geeks are libertarian leaning by badkarmadayaccount · · Score: 1

      rock on!

      --
      I know tobacco is bad for you, so I smoke weed with crack.
    56. Re:A lot of geeks are libertarian leaning by ericrost · · Score: 1

      We call for the repeal of the income tax, the abolishment of the Internal Revenue Service and all federal programs and services not required under the U.S. Constitution.

      You missed the sentence that was important. Are public roads laid out in the U.S. Constitution? But to play to your strawman, how, exactly, would you fund road construction without income taxes? Plan on paying a toll every time you set out on the road? That would be an awesome system for someone starting from the bottom (ie everyone who hasn't yet become a rich self-righteous asshole like you).

    57. Re:A lot of geeks are libertarian leaning by Americano · · Score: 1

      You missed the sentence that was important. Are public roads laid out in the U.S. Constitution?

      No, in fact, I'm well aware that they call for the abolishment of the IRS & the income tax, and all programs and services not required under the Constitution of the United States of America.

      Perhaps you should go read the constitution, specifically Article I, Section 8, which lays out the powers of the Legislative branch of the US government, wherein you will find the following:

      [...] To establish Post Offices and Post Roads; [...]

      So yeah, since we're calling each other names now, actually, there is a basis for public roads laid out in the Constitution, you civically illiterate douchebag. A Post Road is "a road or way over which mail is carried," so there's actually an explicit call for construction of roads built right into the constitution. It doesn't say that the government is the ONLY body that can/should build roads, but it does lay that out as a responsibility of the federal government.

      how, exactly, would you fund road construction without income taxes?

      Excise taxes, fuel & other sales taxes as well as tolls spring to mind as perfectly useful ways for the government to raise the money to build and maintain roads. "Income tax" is not the only method by which a government can raise money. But in your rush to condemn anybody who disagrees with your socialist utopia as a self righteous asshole, you probably forgot that. Or maybe your love of taxes makes you confuse all of the types so that you think Income Tax is the general term for any tax levied?

      That would be an awesome system for someone starting from the bottom. (ie everyone who hasn't yet become a rich self-righteous asshole like you).

      Don't have money to pay the fuel tax? Don't own a car, Live close to work, ride a bike, walk, carpool, or take public transit. All perfectly valid options which wouldn't require you to pay the fuel tax and/or would allow you to save money. Your basic premise is that people can't succeed unless the government helps them. I reject that premise as a fallacy, and unless you can come up with some good factual arguments as to why it's not, I'm going to assume you're just another whiner who wants to punish successful people for the "sin" of capability.

      Next time you want to argue about the constitution, make sure you're prepared for it. Until then, you can get stuffed.

    58. Re:A lot of geeks are libertarian leaning by ericrost · · Score: 1

      Use taxes unfairly burden those starting from the bottom, which you'd realize if you were there faced with them. Why do you think most civilized countries rely on income taxes rather than use taxes? Because its the most equitable means of maintaining infrastructure. Same reason there's not sales tax on food and necessities in most states (mine excluded sadly).

      Regressive taxes keep those that are struggling down. Trust me, I'm on the winning side of the equation, I'd just rather give up a few more dollars a year than see those on the edge of desperation and criminality pushed over that edge. Mainly because I'm not a self righteous, blame the victim douche (read libertarian in educated circles).

    59. Re:A lot of geeks are libertarian leaning by Americano · · Score: 1

      Use taxes unfairly burden those starting from the bottom, which you'd realize if you were there faced with them.

      [Citation needed]

      Why do you think most civilized countries rely on income taxes rather than use taxes?

      Because there's no juice worth the squeeze in seizing power on behalf of your special interests (Democrat or Republican) if there's not a big treasury to control as well. Money to interest groups = votes for politicians.

      Because its the most equitable means of maintaining infrastructure. Same reason there's not sales tax on food and necessities in most states (mine excluded sadly).

      Great, now instead of all the hand-waving and generalized assertions, please:

      1. define equitable.
      2. prove your assertion that income taxes are the most equitable means possible for maintaining infrastructure. Or at least that they are more "equitable" than sales taxes or tolls.

      Regressive taxes keep those that are struggling down.

      And please show me how a sales tax or a use tax is regressive? You are aware that a regressive tax is one in which the tax rate paid is inversely proportional to the amount of money you make? Or were you too busy waving your hands and screaming "think of the children!" that you forgot that these words have actual meanings?

      I'd just rather give up a few more dollars a year than see those on the edge of desperation and criminality pushed over that edge.

      Well then, you can pay your extortion money to those who are "on the edge of desperation and criminality." I choose to deal with other people as if they are human beings, not savage animals one missed meal away from looting and rioting. Perhaps you're the one blaming the victim here - "these poor ignorant lower-class people can't possibly behave in a civilized fashion unless the government is there to watch over them!"

      Mainly because I'm not a self righteous, blame the victim douche (read libertarian in educated circles).

      I blame victims for staying victims. I applaud & support victims who don't wish to remain victims any longer. You assume that the only thing keeping society from turning into a hate-fueled bloodbath is the fact that the government is there to keep people in line. I choose to behave (and demand that others around me behave) as if they are human beings, capable of reason & decency towards one another, without some "big brother" looking over their shoulder to make sure that they do so. So tell me - which philosophy of human nature speaks of victims, and which speaks of humanity? I think you have it backwards.

      And this is exactly the problem with you little training-wheeled Marxists: you rush to assume that anybody who disagrees with a government program you think is necessary is a heartless bastard who just wants to hoard their money. You never even paused to consider the very simple fact that you don't know a fucking thing about me. So for the record, I will state:

      1. I'm a believer in charity. I consider it something I am morally obligated to do to help people who may be less fortunate than I am. I don't need the government to force me to give.
      2. I donate several thousand dollars a year to the Red Cross, the college I graduated from, the local food bank, and my church.
      3. I also donate - on average - 10-15 hours a month of my time volunteering at a local hospital.
      4. I also give ~30% of my income as income taxes, and there is no doubt given the current state of government spending, that most of the money the government collects from me is spent on charity.
      5. If that extra 30% of my income were given to me, you can be sure it wouldn't be given as charity to failed CEOs to prop up their blow & hooker habits.
      6. I am NOT a fan of special interest groups se
    60. Re:A lot of geeks are libertarian leaning by Anonymous Coward · · Score: 0

      It's the dems who want a Fairness Doctrine for the net.

      The repubs are opposed to such thinking.

      Steve in Ft. Lauderdale, too lazy to log in

  2. I wont RTFA by stoolpigeon · · Score: 4, Insightful

    but let's summarize the summary. A political guy says people will come to his side because they wont like what a politician from the other side will do. A business guy says both political guys are clueless. What makes this a Republican issue? Sounds like a politicians are stupid issue. (And I already knew that.)

    --
    It's hard to believe that's how Micronians are made. Why don't we see it right now by having you both kiss one another?
    1. Re:I wont RTFA by bonch · · Score: 1, Troll

      You're forgetting that Slashdot is populated with a majority of people who are left-of-center, many of them stereotypical college students. Posting anything vaguely critical of Republicans generates page views and thus ad revenue.

      However, I have seen a general shift toward the center lately as the disappointment with the Obama administration grows each day.

    2. Re:I wont RTFA by Anonymous Coward · · Score: 1, Informative

      Very astute, stoolpigeon, and, yes, I agree, this is interesting but a lot of the analysis is questionable. Firstly, there's a consistent odd trend -- to at once blame Democrats for stifling private enterprise at all turns, and then try to reward Republicans for private enterprise. Imprudent deregulation of industries has caused problems just as imprudent regulation of industries has cause issues. Given that incentives for individuals, the managing boards, and their company's actual shareholders are not always aligned it's important to ensure the proper balance is reached.

      So, it's fairly interestin' to use Silicon Valley as a topic, and give credit only to Reagan, when the industry in general is due to strong investment in basic science research that is funded by U.S. tax payers trhough DoD, NIH, and NSF grants -- and due to legislation allowing the commercialization of research from public funds -- allows better smoother transfer from public ally funded research into private for-profit enterprise. This public research occurs largely at large institutions that are constently derided by the Right as "liberal Ivy tower," "elitist" etc.

      Beyond the fact institutions that are constantly derided by the Right, there is the is the So-con// / "crunchy con" denigration of both science, science education and science funding -- the same funding blah blah blah that generates not only the basic research, but the research grants that allow scientists to gain the skills necessary to invent the core technology in next Google, Cisco, Tesla a well as increase the suppority of our military.

      As a result, Venture Capital is an important part of the picture, but that is FAR FAR FAR down the list of important items, by that time, in this day and age, the core blah blah blah technology has likely spent a decent amount of time in the lab (4-5 years, and is likely patented or patent pending). It is only in the software / Internet community that Venture actually arrives sooner (is this Internet opportunity "solely" due to Gore's perseverance to commercialize the Internet?).

      So, back to the Venture portion, the problem is that there is a need to look forward at different investing strategies -- Hedge Fund, Private Equity Funds, Rob Malda sucks cock, Venture Funds have been blurring the lines on investment strategies for years. So, the problem is less that historically well performing venture funds will look to lever-up, it is more that Private Equity funds and even Hedge Funds will try to re-classify themselves and move downward in the investment cycle; however, use the same leverage / financial engineering techniques.

      As a result, it makes a lot of sense to standardize that all private capital pools register, and do the reporting. However, that argument is far different from the culture of science, scientists and engineers.

      Until the GOP expands its view on science and funding science research its doubtful the actual venture technologists -- the one's creating the technology will move over to the GOP side. As far as the finance side, well with all the pools of capital -- financing is becoming easier and easier.

      -Dan East

    3. Re:I wont RTFA by tenchiken · · Score: 1

      It is. It's a opportunity for someone to try and make cheap points on both sides.

      Given that the government is now in the position that they won't allow banks to repay TARP money to maintain more control of them, the role of government versus economy is very much apropos, but this is just he said/she said crap.

    4. Re:I wont RTFA by stoolpigeon · · Score: 1

      I've always found slashdot commenters to represent a pretty wide range of opinion. I certainly haven't ever felt like there was a definite majority when it comes to political leanings. Though - this may be the first time I've seen what looks like one editor baiting another with a green-lit submission. That's a bit odd and with no other context it is tough to tell if it is a good natured jab or something more.

      --
      It's hard to believe that's how Micronians are made. Why don't we see it right now by having you both kiss one another?
    5. Re:I wont RTFA by ArsonSmith · · Score: 2

      But this isn't really all that critical of republicans but more so of fake liberal democrats.

      The last few paragraphs of the article talk about how many of the new "green-tech" venture moneys depend on the government regulation and forcing people to use them. So these businessmen are calling themselves liberal democrats and supporting there ideals in order to cash in on it. Not much diffrent than changing a research project's name from "studding ____" to "studding ____s effect on global climate change" in order to get more funding.

      --
      Paying taxes to buy civilization is like paying a hooker to buy love.
    6. Re:I wont RTFA by alexo · · Score: 1

      A political guy says people will come to his side because they wont like what a politician from the other side will do.

      That's what happens when the population is conditioned to believe that they can only choose between Kang and Kodos.

    7. Re:I wont RTFA by Idiomatick · · Score: 2, Informative

      No. Slashdot is on the internet. Therefore people from outside the US are members. And that brings you closer to center (Far left US).

    8. Re:I wont RTFA by metallic · · Score: 1

      Slashdot did a poll of the readership a longtime back on their political leanings a while back. If I'm adding correctly, roughly 34% of Slashdot is left leaning.

      --
      Karma: Positive. Mostly effected by cowbell.
    9. Re:I wont RTFA by Anonymous Coward · · Score: 0

      If most people on Slashdot are left of center then it probably means you need to move the center.

    10. Re:I wont RTFA by dangitman · · Score: 1

      You're forgetting that Slashdot is populated with a majority of people who are left-of-center

      This is complete and utter horseshit. Just try espousing socialism on slashdot and see how long you last. Hell, try simply posting a comment that is positive about workers' unions, and you'll be shot down within minutes.

      Slashdot is rife with libertarians and conservatives. Saying it is majority left-wing is not very plausible. There might be plenty of mild liberals around - but that's just the same as normal life outside slashdot, where most people are mildly liberal or mildly conservative.

      Being liberal these days hardly counts as "left wing" anyway.

      --
      ... and then they built the supercollider.
    11. Re:I wont RTFA by Anonymous Coward · · Score: 0

      They're "conditioned to believe" it because it's true. Winner-takes-all elections are notorious for producing two-party systems. Convincing everyone to defect simultaneously to a third paty (from one of the entrenched major parties) is so difficult that instead you're just going to throw the election to the wrong lizard^W^Wother entrenched major party.

    12. Re:I wont RTFA by ultranova · · Score: 1

      This is complete and utter horseshit. Just try espousing socialism on slashdot and see how long you last. Hell, try simply posting a comment that is positive about workers' unions, and you'll be shot down within minutes.

      Worker's unions are an absolutely vital part of economy, as they counterbalance the power of employers and allow said workers to negotiate on even ground. Lack of unions is what has led to the abysmal working conditions in China (16 hour days, 7 day weeks, a permission slip needed to go to bathroom). Without them we wouldn't have holidays or weekends; in fact, without them, we wouldn't be allowed to leave factory grounds even after workday (not that we could, anyway, only having from 4-6 hours to sleep) just in case we were needed for something.

      The clocks ticking. Mod me down for cheering for voluntary association between working men, libertarians!

      Oh, and I also support universal healthcare paid by the Government, social security, and free education up to and including doctorate level. In fact I suggest that the Government should pay the students their living expenses so they can better concentrate on their studies, and McDonald's and Wal-Mart have a smaller pool of desperate people to draw from, and thus have to treat them better. Also, erect toll barriers at borders to protect domestic industry, tax the rich until they more, and make campaign contributions be recognized as the bribery they are. Oh, and reform the voting system so smaller parties and independents can also get in in proportion to their votes.

      Yup, I'm red as a lobster. Must be sunburn from the ozone hole.

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

  3. Politics. by LWATCDR · · Score: 3, Insightful

    You know I have politics blocked from my slashdot front page for a reason.
    Any thing with GOP in the title is without a doubt politics.

    --
    See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
    1. Re:Politics. by Sponge+Bath · · Score: 1

      I have politics blocked from my slashdot front page...

      Slashdot politics is like a carnival ride.
      You go round and round, end up in the same place, and often vomit.
      But the tickets are free and the headlines seductive!

    2. Re:Politics. by LWATCDR · · Score: 1

      And is an experience best suited to 14 year olds.

      --
      See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
    3. Re:Politics. by wfstanle · · Score: 1

      If you have politics blocked from your Slashdot front page, why are you posting on this particular article?

    4. Re:Politics. by LWATCDR · · Score: 1

      Because it was miss tagged as news!

      --
      See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
  4. Not surprising. by Creepy+Crawler · · Score: 0

    Looks like fascism.
    Smells like fascism.
    Acts like fascism.

    Nawww... Its Republicans and Democrats usual interference. Its "FREEE MARKET!!!"*

    *with collusion from govt.

    --
    1. Re:Not surprising. by RingDev · · Score: 1

      Socialism is the new Communism.
      Moderates are the new Socialist.
      Conservatism is the new Moderate.
      Fascism is the new Conservatism.
      Unitarian Executive Theory is the new 3-branch government.

      -Rick

      --
      "Most people in the U.S. wouldn't know they live in a tyrannical state if it walked up and grabbed their junk." - MyFirs
  5. What's the problem? by nuclearpenguins · · Score: 5, Insightful

    The "business as usual" thing is what got us all into this economic mess in the first place. I don't see what the problem is with a little more regulation of all things financial. Sure, it may suck for a little while, but it's the price we have to pay for 30+ years of financial shenanigans.

    --
    Anonymous Coward: "This is slashdot. Accuracy is second class citizen here, unlike King Bias."
    1. Re:What's the problem? by Anonymous Coward · · Score: 0

      The "business as usual" thing is what got us all into this economic mess in the first place.

      [Citation Needed]

    2. Re:What's the problem? by Anonymous Coward · · Score: 0

      The retards in the Government are the ones that gave us this mess. They write laws that say the banks must make loans to people who cannot afford to repay them. Banks issue the loans but rather than be left holding the bag themselves figure out ways to hedge against those losses by turning them into investment vehicles, which get sold on wall street. The problem is
      that this was all built out of a house of cards because eventually people expect there to be value holding these up. Everyone wants to blame Wall Street because they were the ones left holding the bag when it finally hit the fan. The housing bubble was created by the Government in the first place because the marketplace was flooded with buyers that never
      should have been buyers in the firstplace.

    3. Re:What's the problem? by Anonymous Coward · · Score: 0

      They write laws that say the banks must make loans to people who cannot afford to repay them.

      There is no such law. Conservatives like to complain about the CRA but that calls for the same lending standards in red-lined neighborhoods, not lower standards.

      Banks issue the loans but rather than be left holding the bag themselves figure out ways to hedge against those losses by turning them into investment vehicles, which get sold on wall street.

      Once securitization happened, the banks (and especially the brokers) could get a short-term profit on almost any loan, so they wanted to keep writing stupid loans even after they had run out of trustworthy borrowers. They certainly didn't have to be forced into it.

      I blame the MBS appraisers, for letting the banks and brokers get away with selling bundles of loans that were so stupid (zero down stated income negative amortization? WTF?) that the risk model around the tranches no longer worked. Evaluating that is their entire job.

  6. Venture Capital by Thelasko · · Score: 2, Funny

    ...something tells me that neither Geithner nor Ruffini understand deeply what venture capital is all about.

    Ponzi schemes... Duh!

    --
    One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    1. Re:Venture Capital by jgtg32a · · Score: 1

      What does Social Security have to do with anything?

  7. I'd think taxes would be a better avenue. by FooAtWFU · · Score: 4, Insightful

    Actual venture capitalists are relatively few, and their business reporting practices obscured from the average citizen's eye. High-five/six-figure-salaried software engineers who'll have to pay their "fair share" of Obama's triple-the-national-debt package sooner or later (since, like all rich people, they obviously lied/cheated/murdered the lower classes to get where they are) are probably more common. Even in These Perilous Economic Times (tm).

    --
    The World Wide Web is dying. Soon, we shall have only the Internet.
    1. Re:I'd think taxes would be a better avenue. by Fortunato_NC · · Score: 5, Insightful

      Assuming the "rich" software engineers you're referring to made less than $250K last year, they actually got a tax cut from Obama. Stop drinking the GOP Kool-Aid for a minute and think about where your interests really lie. A 3% tax hike (actually, expiration of a previous tax cut) on the top 5% of taxpayers is not a march towards socialism, it's a sound fiscal move.

      --
      Blogging Weight Loss, Distance Education, and more at verlin.com
    2. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      haha, you don't understand the difference between trademark and copyright. neener-neener.

    3. Re:I'd think taxes would be a better avenue. by evilviper · · Score: 4, Insightful

      I don't see any basis to expect low-six figure worker to bear more tax burden. Obama has been insistent that those making less than 250K will pay less taxes.

      The idea that the national debt must hit the middle-class "sooner-or-later" isn't based on anything, either. With the top 2% of the population posessing 50% of all the wealth, it would be entirely practical to require them to fully bear the debt... Not to mention morally appropriate, since we are talking about all the same people who caused this mess in the first place, and are getting trillions of those dollars in government aid. So why shouldn't they (eventually) have to pay it back, plus interest, and then some to zero things out, and put us in a better position the next time government intervention is needed due to corporate greed?

      --
      Slashdot gets worse every day... Pipedot: News for nerds, without the corporate slant
    4. Re:I'd think taxes would be a better avenue. by lazyforker · · Score: 1

      There's a reason that VCs reporting practices are "obscured from the average citizen's eye". The average citizen almost never has any interaction with VCs. In the vast majority of cases average citizens will only have money invested in VC funds via a mutual fund, 401k etc. Even then the proportion of the mutual fund/401k fund that is invested in a VC is very low - usually around 5%.

      VCs build pools of money from funds, and make large numbers of small investments in highly risky new ventures. A huge proportion of those investments are lost. Every aspect of the process is private and regulated by the contracts each party signs. The investments are not open to the general public.

    5. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      You'll never pay down the debt that way, so stop chanting delusional party sound bites.

      Oh, and no one has actually gotten an anything from Obama yet, the budget is barely forming now. Oh, wait, I guess super rich paper holders got a big, fat bailout from him. So, I guess someone has made out. Certainly they don't make more than $250k, right?

    6. Re:I'd think taxes would be a better avenue. by yodleboy · · Score: 2, Insightful

      "since, like all rich people, they obviously lied/cheated/murdered the lower classes"

      no, not all 'rich' people get that way by blatant exploitation. however, the republican sacred cow of trickle down economics is a bullshit theory that only helps the rich in the long run. it works great as long as that top 5% or so are making money. unfortunately, when things go bad, the OTHER 95% are left holding the bag and at that point the rich are doing well at the expense of the rest.

      seriously, is it not better to promote policies that make sure the rest of the population does well? By well i don't mean they are getting rich, just not taking the shaft and living hand to mouth. Look at it this way, if I make $1MM a year and lose 50% I'm still well off, if I make $30K a year and lose 50% I'm in a lot of trouble. It seems more reasonable to let the rich take the hit since they are better able to absorb losses.

      And another thing. You need to make $250K/year to 'qualify' for the Obama tax. Now, maybe you make that much and with your cars and your overvalued home and all the rest you think 'i'm not rich'. Well, by the standards of most people in this country you are. It's not everyone else's fault you went into debt up to your eyeballs.

      The ironic thing about all this is a lot of people I know that are most up in arms over this tax issue make $20-$50K a year and will likely NEVER make enough to get hurt by this tax. Yet still they protest as if Obama was taking their only child.

    7. Re:I'd think taxes would be a better avenue. by crabboy.com · · Score: 2, Insightful

      think about where your interests really lie

      Translation: join our side and help us use government to stick it to the people that have more than us.

      How can anyone believe it's moral to take a larger percentage away from someone just because they have more? If everyone paid income tax at the same rate, people with more income would pay more money by virtue of the fact that they earn more. Provided they didn't break any laws to get the income, why do we have to use government to take a higher percentage just because they earned more than we did?

      --
      The problem with socialism is that eventually you run out of other people's money
    8. Re:I'd think taxes would be a better avenue. by Talderas · · Score: 1

      Obama has been insistent that those making less than 250K will pay less taxes.

      Already lied about that one with the raise in the tobacco tax.

      --
      "Lack of speed can be overcome. In the worst case by patience." --Znork
    9. Re:I'd think taxes would be a better avenue. by Beatles_Rock_Number9 · · Score: 3, Insightful

      Not to mention morally appropriate, since we are talking about all the same people who caused this mess in the first place, and are getting trillions of those dollars in government aid.

      So everyone who makes over $250k is responsible for this mess? Or every husband and wife team who makes over $250k is responsible? Really? Some people would argue that the government itself is responsible for this mess. Not one President and not one party. The government.

      Prove it. There are a lot of people who busted their ass to climb the corporate ladder and are now making $250k+. There are also a lot of people who got it handed to them on a silver platter. If one could accurately separate the two, I would at least be willing to listen to the 'morally appropriate' argument. But that's not possible, is it? Not without the government knowing every single thing about your life--where you were born, who your parents were, who you screwed (fig. & lit.) to get to the top, etc.--but that would violate a person's privacy.

      Taxing those people making $250k+ is neither morally appropriate nor fair. What is fair in the minds of those making $20k/year (as an example: taxing the wealthy and not taxing themselves at all) is different that what is fair to those making $250k/year (as an example: taxing everybody at the exact same rate of 20%).

      I personally fall into neither the very rich nor very poor category, and I'm more inclined to follow the flat percentage tax approach. In such a situation the rich pay far more than the poor, as they should. But not unfairly so.

    10. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      He's saying they'll keep raising taxes for everyone, because we'll all have to pay back the stimulus packages eventually. What seems like the most likely way to do that, based on recent events, is to lower the income threshold that has a tax increase. I don't quite see how this is insightful. We'll all have to pay in the long run.

    11. Re:I'd think taxes would be a better avenue. by gangien · · Score: 1

      Maybe not a march, but it's certainly a step in the right direction to increase taxes on the top income earners. Which is basically saying this:

      "From each according to his ability, to each according to his need"

      Besides, it never seems tow ork out that we just increase taxes on the rich. The income tax was originally created for that reason.

    12. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      I am a "High-five/six-figure-salaried software engineer" and I can still do simple arithmetic comparisons well enough to know that, with the break-point for progressive tax changes set at $250k (and I dare any real, working SW engineer to prove they are making more than that this year), I and my colleagues are already receiving a TAX BREAK courtesy of Obama and his Democratic-only legislation on our paychecks (remember, the GOP voted NO). In spite of our on-the-job conditioning, we can also still do logic well enough to know that a TAX BREAK means lower taxes, and anyone not realizing that this applies to him/herself has probably been totally brain-washed by staring at Faux News a bit too long.

    13. Re:I'd think taxes would be a better avenue. by frank_adrian314159 · · Score: 1

      ... it's certainly a step in the right direction to increase taxes on the top income earners.

      Paranoid much? Off your meds? Poor baby.

      --
      That is all.
    14. Re:I'd think taxes would be a better avenue. by spun · · Score: 0

      Because they use more government services. Do cops protect the property of homeless people? Do fireman put out the cardboard box he sleeps in if it catches fire? No. Public education benefits the rich more than the poor, a person's education benefits themselves, and the person who will hire them. Our infrastructure benefits businesses more than individuals. In fact, without government, the rich wouldn't be rich. There are plenty of countries that don't tax the rich the way we do. If they wanted to, the rich could move there. Why don't they? Because it's still a bargain to stay here, considering all the benefits they get.

      In order to gain the benefits of a society, you have to follow that society's rules. If a society required you to perform five jumping jacks in order to get police protection, say, it might be silly but it wouldn't be amoral if it was voluntary. If you don't like it, leave. Same goes for higher taxes on the rich. It isn't amoral, it's just how we do things here. If the rich don't like it, let them go someplace else.

      Beyond a certain level of wealth, all money is good for is reducing the free will of other people by forcing them to do what you want.

      --
      - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
    15. Re:I'd think taxes would be a better avenue. by BeatBlaster · · Score: 1

      Change comes in all forms whether you like it or not. I'm glad President Obama raised the tax on smokes. It's caused me to stop (and I feel GREAT not smoking anymore), gives my fiancee an incentive to stop and has the potential to save lives. It also has the potential to strengthen the black market too but c'mon - do you really want to get pinched for bootlegging? It already sounds embarrassing enough :)

    16. Re:I'd think taxes would be a better avenue. by mordred99 · · Score: 1

      Who is drinking the Kool-Aid now? $250K for married families. Less than that for single schmucks. Estimates are not released for how low, but typical tax cycle metrics show it is about 50%, so $125K for them. About $175k if you are head of household (single but have kids). How many married programmers do you know, or single parents that are programmers. Just pointing out something if you want to get technically correct :)

    17. Re:I'd think taxes would be a better avenue. by j79zlr · · Score: 1

      Right, no one making less than $250,000 a year drives cars or smokes cigarettes. Both cap and Trade and the Cigarette tax are a greater tax burden percentage-wise on the lower income folks among us, but don't let that get in the way of your argument.

      --
      I'm not not licking toads.
    18. Re:I'd think taxes would be a better avenue. by ShakaUVM · · Score: 2, Informative

      >>A 3% tax hike (actually, expiration of a previous tax cut) on the top 5% of taxpayers is not a march towards socialism, it's a sound fiscal move.

      Math check.

      The AGI of the top 5% of income earners was $2.9T in 2006. (The last year I could find data for.)

      The Obama Nation is increasing our budget deficit from about $450B under Bush 2.0 in 2008 (already up sharply from ~$150B in 2007) to $1.85T (CBO estimate) or $1.75T (White House estimate). This is estimated to go down to $1.25T in 2010 and $900B in 2011, reaching a low of $600B in 2012 then back up to $1.2T in 2019 (CBO) or $900B (White House).

      I think you failed your Sense Motive check on Obama. There's no way squeezing just 3% more from $2.9T will ever equal $1.2T. If he is serious about only taxing the top 5% (which is what got him elected remember - if he pulls a Bush 1.0, even Palin could beat him in 2012), the tax rate on the top 5% will need to RISE 41.4% (not be set to 41.4%), which will put it at 80% or so.

    19. Re:I'd think taxes would be a better avenue. by evilphish_mi · · Score: 1

      Since there are less rich people then lower income people its a safe political move. Nobody in Washington actually cares what happens to us provided they stay in power.

    20. Re:I'd think taxes would be a better avenue. by NaCh0 · · Score: 1

      You don't get it.

      Income is taxed, not wealth.

    21. Re:I'd think taxes would be a better avenue. by bnenning · · Score: 1

      Assuming the "rich" software engineers you're referring to made less than $250K last year, they actually got a tax cut from Obama.

      This year in nominal dollars, perhaps. But how are the impending multi-trillion dollar deficits going to be repaid? Either substantially higher future taxes, or much higher inflation. Funny how liberals who were (correctly) angered by Bush's financial irresponsibility have now decided that Cheney was right and deficits don't matter.

      --
      How to solve most of our problems: 1.Lots of nuclear plants. 2.Cure aging.
    22. Re:I'd think taxes would be a better avenue. by bigmattana · · Score: 1

      How exactly is recognizing that the national debt is tripling "drinking the GOP Kool-Aid"? It seems to me his comment shows more logical thought than your belief that lowering taxes on 99% of the population is sustainable after tripling a debt. (Which we had no chance in hell of paying off in the first place.) Obama can give all the tax cuts he wants, but sooner or later someone is going to have to pay for all of the increased spending. Recognizing that is the exact opposite of drinking either party's Kool-Aid.

    23. Re:I'd think taxes would be a better avenue. by DesScorp · · Score: 1

      Assuming the "rich" software engineers you're referring to made less than $250K last year, they actually got a tax cut from Obama. Stop drinking the GOP Kool-Aid for a minute and think about where your interests really lie.

      Does that include the bottom %50 percent that don't even pay income taxes? That wouldn't be a tax "cut" then, would it? Stopping drinking the Democrat Kool-Aid. My interests are in a government that won't take more money from someone just because someone else is jealous that he doesn't have it.

      --
      Life is hard, and the world is cruel
    24. Re:I'd think taxes would be a better avenue. by Robert1 · · Score: 1

      Did everyone lose their mind when a democrat President got elected?

      "Public education benefits the rich more than the poor"
      Seriously, what?

      "In order to gain the benefits of a society, you have to follow that society's rules. If a society required you to perform five jumping jacks in order to get police protection, say, it might be silly but it wouldn't be amoral if it was voluntary. If you don't like it, leave. Same goes for higher taxes on the rich. It isn't amoral, it's just how we do things here. If the rich don't like it, let them go someplace else."

      As recently as 6 months ago we railed against republicans for their "you're either with us or against us", "if you don't like it, get out!" Suddenly post election of a democrat president our underlying morals have been so radically changed that shit that the republicans did is not only acceptable but recited by us. Or as I paraphrase what you said:"if you loser rich people can't stand getting unfairly treated you should leave, its just how it is, I don't need to justify myself because we won."

      WHAT THE FUCK?!

    25. Re:I'd think taxes would be a better avenue. by ZFox · · Score: 1
      Do the rich have to pay their own hospital bills? Do the rich go live in shelters subsidized by tax payers? Do the rich usually put their kids in public education? Do the rich draw from social security? I just don't see how you can make the argument that the rich use more government services, unless you count tax collecting as a government service.

      In fact, without government, the rich wouldn't be rich.

      How do you figure? Granted there might be more unsavory characters after my riches, but who's to say I don't buy a standing army for protection? Hell, who's to say I'm not one of the unsavory characters going after others' riches?

      If the rich don't like it, let them go someplace else.

      ...or they can work to change the system--the same way our laws have changed since the founding of the country.

    26. Re:I'd think taxes would be a better avenue. by Achromatic1978 · · Score: 1

      Taxing those people making $250k+ is neither morally appropriate nor fair. What is fair in the minds of those making $20k/year (as an example: taxing the wealthy and not taxing themselves at all) is different that what is fair to those making $250k/year (as an example: taxing everybody at the exact same rate of 20%).

      I personally fall into neither the very rich nor very poor category, and I'm more inclined to follow the flat percentage tax approach. In such a situation the rich pay far more than the poor, as they should. But not unfairly so.

      You might ask yourself why the $20K'ers think that. A flat tax would be fine, if there weren't all sorts of loopholes that unfairly benefit the rich. (Buy a nice yacht for yourself, spend some money on it, be $50k, or $25M. Put a propane camp stove in it. Put a single mattress in it. Voila, you have a second home, and you get to write off the interest on your repayments as a deduction! And so on and so forth.)

      I think you'd find that a lot of people would be happier with a flat tax if it was "X% of your pre-tax income and compensation. No ifs, buts, maybes, pre-tax deductions, taxation-deferred, etc et al claims that you typically need an account or tax professional and an above median income to even consider, let alone put into action".

      People get pissy when they see someone buying a new yacht, a new Escalade, multiple homes, and then seeing that someone getting a bigger check back from the government than they might earn in a year because of all those loopholes, and personally, I don't blame them.

    27. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      We'll see if you're right when the dollar collapses as currencies have time and time again when governments crank up the printing press.

      Sorry, but history is on my side, see the Weimar Republic, the USSR, Zimbabwe, Argentina's financial collapse at the beginning of this century (probably the best comparison to the current crisis). And those are all within the last 100 years, I won't go into all the times in history rulers have diluted their gold coins w/ less precious metals.

    28. Re:I'd think taxes would be a better avenue. by butchersong · · Score: 1

      Assuming the "rich" software engineers you're referring to made less than $250K last year, they actually got a tax cut from Obama. Stop drinking the GOP Kool-Aid

      Not to defend the republicans but this is only true if you ignore the Obama letting the Bush tax cuts expire... Factoring this in every bracket but the bottom 10% are going to be taxed more. Just saying. The guy you are responding to might not be the one drinking the 'Kool-Aid'.

    29. Re:I'd think taxes would be a better avenue. by Estanislao+Mart�nez · · Score: 1

      You might ask yourself why the $20K'ers think that. A flat tax would be fine, if there weren't all sorts of loopholes that unfairly benefit the rich. (Buy a nice yacht for yourself, spend some money on it, be $50k, or $25M. Put a propane camp stove in it. Put a single mattress in it. Voila, you have a second home, and you get to write off the interest on your repayments as a deduction! And so on and so forth.)

      You're forgetting the most important one: invest your billions in the stock market, hold it for the long term, and then sell your stocks when you need money. If you got a profit, it's taxed at 15%. If you got a loss, you deduct it from taxes.

    30. Re:I'd think taxes would be a better avenue. by gangien · · Score: 1

      Am i concerned? yep. paranoid? not really. it takes a lot f steps to reach your destination, usually. Not sure how close we really are. But we're certainly well along.

    31. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      If you think cap and trade won't affect those making under $250000 a year, you have another thing coming. GOP kool-aid - you gotta be kidding me. I make just under $300000 a year in a highly stressful, demanding job. Of my income 35% goes to the feds, about 5% goes to property taxes, 6% goes to state via sales tax. Not to mention tolls, licenses, gas taxes, vehicle registrations, social security. Around half my income goes to the government, but people whine that I am not taxed enough. This country is going to hell.

    32. Re:I'd think taxes would be a better avenue. by felix+rayman · · Score: 1

      I think there are some kids on your lawn that need to be yelled at.

    33. Re:I'd think taxes would be a better avenue. by Mspangler · · Score: 4, Insightful

      "top 2% of the population posessing 50% of all the wealth"

      Wealth is not equal to income. Ask any farmer or fisherman, who can easily have a million dollars tied up in land or a boat, and not enough money to buy the fuel to get the next increment of income.

      Yes I am the son of a farmer. And yes, I do something else that pays better.

    34. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      why don't you mow it

    35. Re:I'd think taxes would be a better avenue. by bwen · · Score: 1

      As the top 5% pay over 60% of the federal income tax burden in our country, maybe we should stick it to them a little more. If you want the top performers in our country to look for work elsewhere, I couldn't think of a better way than to tax them really heavily. It is not a sound fiscal move: Reagan brought down the highest tax bracket for federal income tax from 70% to 35% and revenue shot up. Most people that made over $250,000 last year were not responsible for this recession and are eating it. The GOP has this right and their is reasoning that we are being taxed too heavily.

    36. Re:I'd think taxes would be a better avenue. by evilviper · · Score: 1

      So everyone who makes over $250k is responsible for this mess?

      Those making $250k won't pay a fraction as much of a percentage of their income in taxes, as those billionaires at the head of US banks.

      I personally fall into neither the very rich nor very poor category, and I'm more inclined to follow the flat percentage tax approach.

      The "fair" or "flat" tax approach is code for REGRESSIVE TAXATION. And you are clearly a shill simply astroturfing for the super-rich trying to escape their tax responsibilities.

      Wealth, however, is in reality, progressive. Those who are making millions will barely be affected by 40% taxation. Meanwhile, those who make $20k would be completely unable to survive. The same is true, just to a less obvious extent, at the low six-figures levels.

      It certainly stings when I see 1/3rd of my pay check going to taxes, but I can't say it's had a serious negative affect on my life. My house might be slightly larger, but I'm still perfectly able to live well on what's left.

      --
      Slashdot gets worse every day... Pipedot: News for nerds, without the corporate slant
    37. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      Your sales tax and property taxes are pretty low compared to if you live anywhere near a large city.

      Do you care if we cut defense spending? We spend more then the next 25 nations combined.

      Where is this magical world you refer to where people get things without paying for them? That war in Iraq - that was a trillion dollars WE DIDN'T HAVE. It has to be repaid somehow.

      Those bank bailouts that were a result of laissez-faire Republican ideology - it also has to be repaid somehow.

      I don't understand Republicans - I really don't. Is Schizophrenia a requirement when you join the party?

    38. Re:I'd think taxes would be a better avenue. by rockytopchip · · Score: 1

      What Obama tax cut for those making less than $250k are you referring to? We know that Obama has raised the tobacco tax which affects 20-25% of Americans, 16 days into his presidency, so he has already back tracked on his pledge to not raise taxes on 95% of Americans.

    39. Re:I'd think taxes would be a better avenue. by Attila+Dimedici · · Score: 2, Insightful

      The top wealth holders have very little "income". Do you really think that most of Warren Buffett's wealth comes from "income"? Don't you realize that most of the wealth of the Duponts, the Rockefellers, the Kennedys is tied up in trust funds that pays an "allowance" to the members of the family. That same trust fund owns the properties that the members of the family live in, pays for many of the trips they go on, etc. The trust itself is tax exempt through one means or another.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    40. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      How the fucking FUCK is blowing a trillion dollars propping up failed businesses laissez-faire, lackwit?

    41. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      Fuck you.
      I earn about a million a year -- and I got there after spending 4 years with zero income and everything at risk while I got my software product rolled out. It wasn't overnight success, it took 4 more grueling years to get to this level. I work about 90 hours a week. I vehemently detest you asshats lumping "the rich" all together and branding us evil. Fully 1/2 of the population pays ZERO towards what it costs to run the bloated govt (the same half that likes it bloated).

      I think there should be jail time for people at Goldman Sachs and company who clearly orchestrated the biggest swindle of all time right in front of our noses. And I'd probably take a week off if there was a mass gathering of people with pitchforks in Washington.

      I think the best thing we could do, is to swear to not vote for the incumbent at the next congressional election cycle. That would send a very clear and terrifying message and with a little luck, finally turn this country around.

    42. Re:I'd think taxes would be a better avenue. by Lost+Engineer · · Score: 1

      I took to buying cigarettes online, something I only considered after the tax increase. Could I have done so before? Probably, but every increase encourages more people to do so. I am paying less overall than before the increase.

      As far as I know I'm still paying the taxes, so what's interesting about this is who is hurting. I asked the clerk at the corner store, where I would have previously bought my small stash of cigarettes, how business was. "Slow," he said.

      This tax is going to put honest merchants, would-be US citizens, out of business. If there is truly a dire need to expand SCHIP or whatever let's be honest about it and increase income taxes.

    43. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      Presumably because they have more to give.

      If I have $10 and you take $1, I only have $9 left.
      If I have $1000 and you take $100, I still have $900 left.

    44. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      "Your sales tax and property taxes are pretty low compared to if you live anywhere near a large city." Miami 6% sales tax, not a small city around 2% total property value a year in property tax. And where do you think I support spending a trillion on the Iraq war? If you could get your head out of your you know where you would realize that Obama spent more than that in his first hundred days. Bank bailouts were approved by Democrats (look it up) It doesn't have to be repaid. And blaming the fiscal crisis on Republicans is laughable: at least research a lil on Fannie Mae and Freddie Mac. You are someone that makes Democrats seem ignorant and foolish.

    45. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      You are insane. Yes, the tax increase impacts EVERYONE. Yes, the tax rate only hits people with an income of more than $250,000, but there are a number of people in that category. And they are the economic engine of America. THey should not have to pay taxes at all with all the good they do for this country. Instead, they are hammered.

      My Dad owns a security company (physical security, not computer security). He hires hundreds of otherwise unemployed people and gives them income so they can eat. By taxing my father's admittedly healthy income, he'll simply fire a couple dozen employees. Period.

      That'll reduce sales at the market, and landlords wont be able to collect rents.

      Maybe your income won't be directly impacted, but if you're a landlord or a security guard or another average joe, you WILL suffer. As you should, because you're stupid enough to tax the people who actually RUN the economy.

    46. Re:I'd think taxes would be a better avenue. by Beatles_Rock_Number9 · · Score: 1

      I agree. If a 'flat tax' has loopholes, it's not a flat tax.

    47. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      The lack or regulation was laissez-faire, which led to needed to blow a trillion dollars. Yes the sentence is confusingly worded. The point is valid, though.

    48. Re:I'd think taxes would be a better avenue. by drsquare · · Score: 1

      The rich pay more because they're the only ones who can afford it. And as they have all the power, they're basically screwing themselves anyway, so fuck them.

    49. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      Business profit is taxed, gross revenue is not. If an employee brought in enough revenue to justify keeping them before the tax, that's still true after the tax. Your dad cannot come out ahead by firing profitable employees, so if he does it he's only acting out of spite.

    50. Re:I'd think taxes would be a better avenue. by Anonymous Coward · · Score: 0

      True, but AFAIK the income distribution is indeed something on the order of the top 2% having +50% of the recorded income.

      "Wealth" is just an ambiguous term where "income" or "assets" would be more useful.

  8. Whew by bonch · · Score: 2, Funny

    Whew, it's been a while since I saw a story on Slashdot that made me feel good about being a Democrat and patted me on the back for my beliefs. For a while, I almost started thinking for myself. I'm glad this got posted today (especially after the big blow to PirateBay that depressed me all morning...viva la piracy!).

    1. Re:Whew by spun · · Score: 1

      Don't worry, you are in no danger of thinking for yourself. You've adopted a partisan world-view, and simply parrot back the things you are told are important. You Obviously view politics as a sporting event where the only thing that matters is that your team 'wins.'

      --
      - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
  9. I think it's a geography issue by halivar · · Score: 5, Insightful

    I'm not convinced that the overall political leaning of Silicon Valley has anything to do with the respective benefits of the parties on the industry. Rather, it just so happens that the industry is made up, largely, of people who live in a pretty liberal area. Silicon Valley leaned Republican back when California, itself, leaned Republican, and hasn't leaned that way since. I live in an southeast red state, and by straw poll, the people involved in the tech industry here have politics that pretty heavily reflect the general population.

    Silicon Valley isn't up for grabs because San Francisco isn't up for grabs.

    1. Re:I think it's a geography issue by jonnat · · Score: 1
      You are assuming that different groups in a given area tend to be politically homogeneous. Or, at least, that people in the tech industry tend to follow the average political view around them. The cause-effect relationship is inverted. Most likely, the tech industry, especially the young and innovative part, have an influence in the political leaning of the Silicon Valley and San Francisco. But your initial point is right: political leaning is not simply a result of pragmatism towards which party will likely benefit their employer and themselves in the short term. Here is how Merriam-Webster defines "Conservatism":

      1capitalized a: the principles and policies of a Conservative party b: the Conservative party 2 a: disposition in politics to preserve what is established b: a political philosophy based on tradition and social stability, stressing established institutions, and preferring gradual development to abrupt change ; specifically : such a philosophy calling for lower taxes, limited government regulation of business and investing, a strong national defense, and individual financial responsibility for personal needs (as retirement income or health-care coverage) 3: the tendency to prefer an existing or traditional situation to change

      And "Liberalism":

      1: the quality or state of being liberal. 2a often capitalized : a movement in modern Protestantism emphasizing intellectual liberty and the spiritual and ethical content of Christianity. b: a theory in economics emphasizing individual freedom from restraint and usually based on free competition, the self-regulating market, and the gold standard. c: a political philosophy based on belief in progress, the essential goodness of the human race, and the autonomy of the individual and standing for the protection of political and civil liberties. d capitalized : the principles and policies of a Liberal party

      Which one sounds more like the mindset to be expected from Silicon Valley?

    2. Re:I think it's a geography issue by Anonymous Coward · · Score: 0

      Having lived in Palo Alto in the last year, and in San Francisco for over 10 years before, all I can say is that it is not wise to lump San Francisco with Silicon Valley -- or anywhere else, for that matter, except for the retards in Berkeley. San Francisco politics have been completely out of the mainstream for a very long time -- even when California was Republican-leaning.

      I'm a Republican, but guess what, my friends who are Democrats and I are not really that far apart in our beliefs. I do enjoy watching the real honest-to-god Obamabots agonize over the fact that he isn't anything they expected, and that he flubs more lines that good old W. But anyway, back to my original point - San Francisco is an island, and Silicon Valley isn't really that partisan.

    3. Re:I think it's a geography issue by hoooocheymomma · · Score: 1

      You are assuming that different groups in a given area tend to be politically homogeneous.

      Yeah a lot of the people who live there are homogeneous, and the homogeneous tend to be more liberal, but my uncle was a homogeneous and he was a republican.

      Plus, remember that senator? Larry Craig? Homogeneous and a conservative.

      So even if there are a lot of homogeneous developers who live in SF, they could suddenly turn conservative too.

    4. Re:I think it's a geography issue by Trepidity · · Score: 1

      I agree with that--- I think a reasonable Republican could win in Silicon Valley, whereas they would have very little chance in San Francisco. The problem Republicans have in the valley isn't so much liberalism, as the fact that they've managed to paint themselves into a corner where they're perceived as backwards, socially conservative, and anti-intellectual. If they managed to go a few years without evolution, gays, or Liberal Elites being among their main talking points, they might actually win some votes.

    5. Re:I think it's a geography issue by Anonymous Coward · · Score: 0

      I don't get it. Are you saying that developers are clones? or that they've been put in a blender that's then powered on?

    6. Re:I think it's a geography issue by Lost+Engineer · · Score: 1

      Good point. California is populated by a pretty fair mix of conservatives and liberals, but is dominated by the Democratic party. This has long been known.

    7. Re:I think it's a geography issue by Anonymous Coward · · Score: 0

      Sounds queer to me.

  10. When will you all realize.. by Anonymous Coward · · Score: 5, Insightful

    that the "us vs them" bullshit is ruining america in every measurable sense?

    There's full blown media war between fox (right) and msnbc (left), and the victims are anybody with the ability to absorb two opinions, then form their own.

    If you are registered voter for either party, you are a follower, a simpleton, and are part of the problem.

    Vote for the MAN, not the PARTY.

    1. Re:When will you all realize.. by Daimanta · · Score: 3, Insightful

      "Vote for the MAN, not the PARTY."

      I don't get this. Don't you vote for an ideal? For things you want to happen? To inject your philosophy into the legislating bodies?

      Or do you want to vote for an baby-kissing slimeball?

      If you voted for a MAN, you are part of the problem. Vote for the PARTY that represents you.

      --
      Knowledge is power. Knowledge shared is power lost.
    2. Re:When will you all realize.. by Anonymous Coward · · Score: 1, Insightful

      Vote for the MAN, not the PARTY.

      Every single House Republican voted against the stimulus package. Every single one. And they all backed up their position with arguments.

      Meanwhile, the overwhelming majority of House Democrats voted in favor.

      Party affiliation matters in Washington. You get a lot of maverick talk on the campaign stump, but once folks get elected they realize who controls the committee assignments, disbursements of campaign funds from the national party, photo ops back home with party stars, and the like.

    3. Re:When will you all realize.. by FiloEleven · · Score: 1

      Wait wait wait...I thought it was the MAN that was keeping us down! Why would we vote for him?

    4. Re:When will you all realize.. by lofquid · · Score: 1

      Wait, I thought we were supposed to fight the man.

    5. Re:When will you all realize.. by Anonymous Coward · · Score: 0

      > There's full blown media war between fox (far right) and msnbc (right)...

      FTFY

    6. Re:When will you all realize.. by Anonymous Coward · · Score: 0

      The problem is that Republicans tend to vote in lockstep with their party no matter what their individual beliefs FAR more than Democrats or Independents do.

      That makes voting for a Republican based on the candidate a chancy proposition at best, and something I'm not likely to do in the future (and I say this as someone who has voted for Republicans in the past).

      The idea that registered voters are "part of the problem" is also dangerously naive. As a registered Democrat, I consider the views of the Democratic party closer to mine, and would like the Democrat closest to my views to win the primary/nomination/etc.

      Many states (including my home state) have a closed primary system. If I want to vote in any Democratic primaries, I must be a registered Democrat. If I don't like the person the Democrats nominate, I'm free to vote Independent or Republican (and I have also done so in the past. I think you are confusing party registration with voting "straight-ticket" for a party, which absolutely *is* part of the problem.

    7. Re:When will you all realize.. by maxume · · Score: 1

      Which party is that?

      I don't see one.

      --
      Nerd rage is the funniest rage.
    8. Re:When will you all realize.. by SanityInAnarchy · · Score: 1

      Don't you vote for an ideal? For things you want to happen?

      Sometimes, yes.

      But ultimately, there's a limit to how much any one individual can be educated about politics, and still have another job. That's why it's a republic, not just a democracy.

      So, you vote for a man who you trust to make the right decision, in cases where you wouldn't know enough to form an opinion. And in part, you base that on whether you agree with him. You also base it on whether he seems honest and intelligent.

      If you voted for a MAN, you are part of the problem. Vote for the PARTY that represents you.

      Republicans seem to want to turn America into a theocracy. Democrats seem to want to turn it into a Nanny-state. Libertarians oppose government intervention, even in sane cases (net neutrality). I don't know enough about the Green Party to make a decision -- I'm all for the environment, but that's not nearly enough. The Pirate Party is for copyright reform, but given their origins and name, they are likely for the abolishment of copyright.

      Please, tell me which party represents me? I can't find it.

      No, instead, I voted for the man. I stood for Obama in the Iowa primaries. If Hillary had won, I'm honestly not sure if I would have voted for a democrat.

      --
      Don't thank God, thank a doctor!
    9. Re:When will you all realize.. by Anonymous Coward · · Score: 0

      I strongly disagree, but I guess your stance is fair. I will note that if you hold onto that stance and ever vote Republican OR Democrat you're deceiving yourself. Both are heavily invested in the false dichotomy of the two party system. They (party leaders) determine what the parties stand for based on which lies they think potential constituents will believe. Our opinions don't matter to them in the slightest (at the federal level and most states).

    10. Re:When will you all realize.. by Anonymous Coward · · Score: 0

      Except it doesn't exist. Wheeeee....

    11. Re:When will you all realize.. by Attila+Dimedici · · Score: 1

      I have a series of political philosophies that should guide anyone who wants to improve the political landscape
      1. When in doubt, vote the Ins, Out--If you don't have a very compelling reason to vote for the incumbent, vote for the other guy.
      2. Get involved in local politics (party, township, county, etc). You can have a much larger impact on things when the group is smaller.
      3. Push to have the issues you care about addressed at the lowest level of government possible (education should be local government, not national). You can have a much larger impact on things when the group is smaller.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    12. Re:When will you all realize.. by Anonymous Coward · · Score: 0

      "Vote for the MAN, not the PARTY."

      I don't get this. Don't you vote for an ideal? For things you want to happen? To inject your philosophy into the legislating bodies?

      Or do you want to vote for an baby-kissing slimeball?

      If you voted for a MAN, you are part of the problem. Vote for the PARTY that represents you.

      Therein lies the problem. Neither party represents me. Pray tell, who do I vote for?

    13. Re:When will you all realize.. by Anonymous Coward · · Score: 0

      that the "us vs them" bullshit is ruining america in every measurable sense?

      There's full blown media war between fox (right) and msnbc (left), and the victims are anybody with the ability to absorb two opinions, then form their own.

      If you are registered voter for either party, you are a follower, a simpleton, and are part of the problem.

      Vote for the MAN, not the PARTY.

      If you are registered voter for either party, you are a follower, a simpleton, and are part of the problem.

       
      You're dumb as shit.

  11. Republicans ARE better for silicon valley by Anonymous Coward · · Score: 2, Funny

    Republicans have repeatedly demonstrated that they, and only they, understand things like economics, the military, and science. Republicans successfully deregulated the banking industry. Republicans gave unquestioning support for the military. Republicans were the lone voice speaking out against immoral, dangerous and unproven stem cell and evolution based "science". Republicans, and only Republicans, will be able to meet the challenges of the next decade. Vote Republican, because we rule.

    1. Re:Republicans ARE better for silicon valley by Anonymous Coward · · Score: 1, Funny

      Republicans have repeatedly demonstrated that they, and only they, understand things like economics, the military, and science. Republicans successfully deregulated the banking industry. Republicans gave unquestioning support for the military. Republicans were the lone voice speaking out against immoral, dangerous and unproven stem cell and evolution based "science". Republicans, and only Republicans, will be able to meet the challenges of the next decade. Vote Republican, because we rule.

      Mod this guy up +5 funny.

    2. Re:Republicans ARE better for silicon valley by californication · · Score: 1

      As first I was scared, and then I laughed.

  12. It's not even something someone will do by dpryan · · Score: 3, Insightful

    It's what he thinks someone might possibly someday do (this all seems to be premised on something Geithner said as a brief aside). Must be a slow news day.

  13. Troll? Really? by ericrost · · Score: 5, Insightful

    How is this a troll? Its kind of a tough position for someone living on either a) Mommy and Daddy's money, b) Subsidized student loans, or c) Scholarships to be truly libertarian. Yet middle class white kids do take that hypocritical position while undergrads fairly often. Seems like a fair thing to point out.

    1. Re:Troll? Really? by MightyMartian · · Score: 3, Funny

      How is this a troll?

      It's modded troll because the moderator in question is likely severely mentally retarded, probably with some sort of weird spasms or seizures, and is sat down in front of the computer to gyrate endlessly whilst simultaneously crapping his pants.

      That's right retard-moderator, I'm talking to you. I've got karma to burn so blow your points you brain-stem freak.

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
    2. Re:Troll? Really? by MindlessAutomata · · Score: 5, Informative

      1) The vast majority of ungrad white kids are liberals. Vast, vast majority, PARTICULARLY in colleges where the rich kids go like Harvard.

      2) Libertarianism isn't a statement of not receiving any kind of "hand out", gift, or such from another person, it's based on a system of mutual consent between all parties involved. It's not about people "deserving" or "not deserving" a break, it's about voluntary association first and foremost, at least among the "true believer" libertarian. The "South Park libertarian" variety, maybe.

      Maybe that's why it was modded troll.

    3. Re:Troll? Really? by Anonymous Coward · · Score: 5, Insightful

      How isn't it a troll against every single white person that lived with their parents? Does the fact that you grew up black with two moms negate my life's experience; just because I grew up white with a dad and mom? What about the just the fact that you aren't white? Does that mean your statement is as racist as it sounds?

      In other words: What the fuck gives your life's experience any more credibility than anyone else's; regardless of the ones who's parents were obviously more financially successful than yours?

      What's fashionable is parent's narcissism, vanity, and greed being greater than their will to parent. What's also fashionable is being a lazy black person that believes and furthers the belief that white people are evil, and somehow owe you generations of handouts.

      I know I will most certainly be modded troll, but I am pretty sure I still need to say that it is black people like you that make black people like my friends call you niggers.

    4. Re:Troll? Really? by Ethanol-fueled · · Score: 0, Flamebait

      It's modded troll because the moderator in question is likely severely mentally retarded, probably with some sort of weird spasms or seizures, and is sat down in front of the computer to gyrate endlessly whilst simultaneously crapping his pants.

      Maybe he forgot to put the do-rag on his greased-up Yoda doll before he inserted it into his ass.

      p.s. Fuck the moderators,
      Fuck Apple,
      Fuck Microsoft,
      Fuck the Swedish court system,
      Fuck corporate America.

    5. Re:Troll? Really? by ericrost · · Score: 1

      Hey bud, I'm a middle class white kid who went to school on academic scholarships. Im just not a dickhead about it like you :)

    6. Re:Troll? Really? by h4rr4r · · Score: 0, Troll

      I am whiter than I bet you are.
      I am 1st generation American, born in Germany.

    7. Re:Troll? Really? by MindlessAutomata · · Score: 1

      You can wash away all your white privilege sins with liberal guilt, I suppose.

    8. Re:Troll? Really? by Arthur+B. · · Score: 2, Insightful

      Libertarianism in a nutshell is opposing the government putting a gun to people's head.

      I don't see what this has to do with living on one's parent money.

      The student loan subsidy are much less than has been paid in taxes anyway. Accepting a student loan subsidy is merely a way to get that a fraction of that money back.

      ( N.B I don't have a student loan and I don't live on my parent income )

      --
      \u262D = \u5350
    9. Re:Troll? Really? by Anonymous Coward · · Score: 0

      You don't see a troll in someone claiming that all geeks who are libertarian are naive undergrads?

      The first person I met who was a staunch libertarian was a guy in his mid-40s who, yes, once was an undergrad (graduated with a BSE in nuclear physics) but had long since gotten his PhD at CalTech. He co-founded a company and was the main driving force behind another company and, although the stock has done poorly in recent years, I'm sure he's still a millionaire. It seems like he's a geek who isn't an undergrad, has some life experience, and yet is libertarian. But I guess the GP's right that we should dismiss him out of hand.

      It's purely anecdotal, but I've yet to know someone who was libertarian as an undergrad and didn't maintain that position through present day. Actually, I tend to see more people who take up libertarianism later in life.

      Finally, there's nothing hypocritical about being libertarian and taking scholarships or Mom and Dad's money; there is in taking subsidized loans. One aspect I don't like about libertarianism is the unfairness of inheritance; not only is there an issue of fairness, but it reduces the incentive for the children of the rich to work as hard as everyone else.

    10. Re:Troll? Really? by h4rr4r · · Score: 0, Troll

      You trolls sure have an answer for everything. I have no guilt over being white, I love being able to rent apartments with ease, getting better loan rates, all that jazz.

      All I know is what I said must be true because it sure struck a nerve with you kids.

    11. Re:Troll? Really? by ericrost · · Score: 1

      lulz!

    12. Re:Troll? Really? by ericrost · · Score: 1

      So tax money should be handed out to pay for the educations of a few select "talented" individuals? Most scholarships are funded by your tax dollars at public universities. Oh yeah, they better not go to the State University or Land Grant University system either, since that's 30% tax funded.

      Its a pretty tough thing to get an education in a Libertarian world.

    13. Re:Troll? Really? by MindlessAutomata · · Score: 3, Insightful

      I don't deny that is true, although often times the factor is socioeconomic status and not actual color of skin. The fact that you're derisive against "white" people despite being white yourself tells me you just want to convince yourself that you're one of the enlightened few to make up for, in your own mind, your own "white privilege."

    14. Re:Troll? Really? by neoform · · Score: 4, Insightful

      Libertarians are almost always people who are well off and don't like the idea of helping those who weren't dealt as good a hand as they were.

      You can sum up libertarianism as: Fuck everyone else, if you're poor, it's their your fault.

      Which is great until you realize that life isn't actually fair and we're not all born equal.

      --
      MABASPLOOM!
    15. Re:Troll? Really? by Anonymous Coward · · Score: 0

      so u r a white indian, born in germany...

    16. Re:Troll? Really? by MindlessAutomata · · Score: 2, Insightful

      Actually, none of that is true. Again, just look at the universities where the wealthy kids go and you'll find them to be extremely liberal. They don't call it "the People's Republic of Berkeley" for nothing.

      Most libertarians (not all, that breed certainly does exist) agree with the ends, just not with the means.

    17. Re:Troll? Really? by Seakip18 · · Score: 4, Insightful

      Really? This is what gets modded funny nowadays? Some stupid response to someone bitching about middle class white 18-24 yr olds because they likely were never accepted by peers at the age?

      I think I might actually agree with your views on Moderators.

      --
      import system.cool.Sig;
    18. Re:Troll? Really? by Moryath · · Score: 0, Flamebait

      1) Don't forget: the vast majority of college professors are unabashed liberals, if not outright socialists. This is because there are many fields where a doctorate is easy to get (take some surveys, fudge some statistics, write a "research thesis" paper that supports the groupthink of most of the people on the committee) and of no practical value outside of going into a career as a professor and then continuing the cycle of indoctrinating young minds into the groupthink .

      College long ago stopped having any notion of teaching kids to think and research independently, and became about telling them WHAT to think instead.

      The vast majority of undergrad kids idolize the professors. They're supposed to show up in class and regurgitate back the class content. Much like in the grade schools prior to college, independent thought isn't encouraged, it's something to be stamped out at all costs.

      There was a time, of course, when it wasn't this way. Unfortunately, at some point the left wing realized that if they could control the schools, they could control young minds. The result? As written in "The Naked Communist" (by Cleon Skousen), and entered into the 1963 Congressional Record, I give you Goal #17 and 18:

      17. Get control of the schools. Use them as transmission belts for socialism and current Communist propaganda. Soften the curriculum. Get control of teachers' associations. Put the party line in textbooks.

      18. Gain control of all student newspapers.

      Seen your college newspaper lately? You're in for an eye-opener or three. (While you're at it, look up the aforementioned goal and check out goals 26, 29, 40, and just for a lark, 44).

      2) Most people today wouldn't know what libertarianism, liberalism, conservatism, socialism, or any other similar terms meant even if you slapped them upside the head with a dictionary open to the correct page. That's what you get when they come through the joke of a "public school system" we have today, which is void of any proper (read: unbiased and analytical) classes on governmental theory, civics, and economics.

      Hell, we let people graduate from High School today lacking the basic (what used to be 3rd or 4th-grade level) arithmetic and reasoning skills to balance their own fucking checkbook, and then we have "social scientists" trying to come up with explanations as to why so many people got into bad loans and way over their heads in debt. Here's a minor clue: they are too fucking stupid and uneducated to manage their own financial affairs.

    19. Re:Troll? Really? by MalleusEBHC · · Score: 5, Insightful

      Berkeley isn't the university where the wealthy kids go. It's actually fairly affordable (at the in-state rate), especially considering the education you get there.

    20. Re:Troll? Really? by Anonymous Coward · · Score: 1, Funny

      IIRC, the definition of a libertarian is someone who wants the police to protect them from their slaves. Did I miss something --ducks

    21. Re:Troll? Really? by MindlessAutomata · · Score: 2, Insightful

      True... itjust one example of how liberal universities typically are; the higher you keep on going it seems that at least the loudest students are liberal or highly liberal, if not socialist. While Ron Paul did have a measure of support from the college-age crowd, it was nothing compared to the support they gave Obama, and saying you are a Ron Paul supporter on a college campus is NOT a good idea.

    22. Re:Troll? Really? by WillAffleckUW · · Score: 1

      Nah, most libertarians are just stuck up douchebags riding on their inherited wealth, who've never had to work an honest day's work in their lives.

      They're the guys who take smoke breaks when you're digging firepits cause they feel like it - until you kick them into the pit and tell them to get back to work.

      --
      -- Tigger warning: This post may contain tiggers! --
    23. Re:Troll? Really? by mrjantz · · Score: 1

      Actually, most libertarians I know at my university tend to be the wealthier types who are only here because of family tradition (these people tend to dominate fraternities and sororities as well). The students who come to learn are usually already liberals or become liberals at college. This explains why professorship also skews heavily towards liberals.

    24. Re:Troll? Really? by tsm_sf · · Score: 5, Insightful

      1) Don't forget: the vast majority of college professors are unabashed liberals, if not outright socialists.

      There are plenty of conservative professors, they just don't fit into the Jesus and Shotgun ethic that drives the GOP today. When you decide to take an anti-intellectual approach to politics you're going to, surprise, lose the intellectuals.

      --
      Literalism isn't a form of humor, it's you being irritating.
    25. Re:Troll? Really? by Anonymous Coward · · Score: 0

      What a bunch of gobbledy-gook.

      F-

    26. Re:Troll? Really? by MightyMartian · · Score: 1

      Its a pretty tough thing to get an education in a Libertarian world.

      It would be pretty tough to get a piece of moldy bread and a glass of semi-potable water in a Libertarian world.

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
    27. Re:Troll? Really? by timeOday · · Score: 5, Insightful

      I'll chime in with my own "Actually"... extreme political views of all stripes are most often held by those whose beliefs have not yet been challenged by real-world experience. Most often this is due to youth and inexperience, though it can also be preserved indefinitely by wilful ignorance.

    28. Re:Troll? Really? by BitHive · · Score: 1

      Anyone who believes there is some kind of nefarious systemic bias in academia towards liberals needs to read or listen to this debate transcript between David Horowitz and Peter Steinberger at Reed College: http://www.studentsforacademicfreedom.org/news/2210/ReedCollegeSteinbergerDebate082806.htm

    29. Re:Troll? Really? by iamhigh · · Score: 1

      Since when have you had to agree 100% with 100% of your party's beliefs to claim it? You are telling me that everyone that claims rep/dem thinks they are 100% correct, 100% of the time? Since when was it not a smart idea to play the game? Do you really think it is smart for a person in 2009 to try to fund college on your own? That's just crazy to claim that your belief in something means you can't use the system as it currently is. That would be like a football coach refusing to use instant reply; it just doesn't make sense.

      --
      No comprende? Let me type that a little slower for you...
    30. Re:Troll? Really? by 2short · · Score: 5, Interesting


      Plenty of research shows that high education level and liberal political positions are well correlated. As far as what causative relationships might be responsible for this correlation, we can only speculate.

      Out of curiosity, how much time have you actually spent with Harvard undergrads? The ones I knew, particularly the rich-prick types, tended toward libertarianism - they expected to be at the top of the economic pile and liked philosophies that said they deserved it. The scolarship types, who got there by being smart and hard working, understood that they also got there thanks to the help of the society of which they were a part, and tended toward liberalism.

    31. Re:Troll? Really? by h4rr4r · · Score: 1

      In what you speak of money is far more important than race. But I have never even seen a non-white libertarian.

    32. Re:Troll? Really? by Dragonslicer · · Score: 3, Insightful

      You can sum up libertarianism as: Fuck everyone else, if you're poor, it's their your fault.

      No, those people are called assholes. The basic principle of libertarianism is that the government should do as little as necessary to keep the society functioning. Of course, there's plenty of disagreement about what should be considered necessary. Personally, being on the socialist side of libertarian, I'm fine with the government collecting taxes to provide infrastructure that benefits society as a whole, as well as helping people in need (which doesn't mean spending money stupidly; training and educating people would be a lot more effective than just sending them a check every month). I'd even be okay with the government helping with health care for people that need it, since a healthy population is far more productive, which benefits everybody. For issues other than economics, I'm pretty far down the libertarian side; the government shouldn't be involved in what people do in private, including who they sleep with and how much marijuana they smoke.

    33. Re:Troll? Really? by 2short · · Score: 1

      "Actually, none of that is true. Again, just look at the universities where the wealthy kids go and you'll find them to be extremely liberal. They don't call it 'the People's Republic of Berkeley' for nothing."

      It's your impression that UC Berkely ($5K a semester) is a rich kids school?

    34. Re:Troll? Really? by tsm_sf · · Score: 2, Insightful

      Libertarianism in a nutshell is opposing the government putting a gun to people's head.

      The problem people have with libertarians is that they act like you...

      The student loan subsidy are much less than has been paid in taxes anyway. Accepting a student loan subsidy is merely a way to get that a fraction of that money back.

      ... rather than like Thoreau...

      I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived.

      You're not a libertarian, you're a Young Republican.

      --
      Literalism isn't a form of humor, it's you being irritating.
    35. Re:Troll? Really? by MindlessAutomata · · Score: 4, Insightful

      I have a feeling you're twisting "libertarian" to mean "moderate Republican"; that's not what I'm talking about at all. I've seen very few wealthy libertarians. Those that are, are not really the ideological ones.

      I'm not denying the "poor people are lazy" libertarians exist. They do; the Ayn Rand sector of libertarianism is particularly noxious. But I often find those that claim they are libertarian simply adopt the label because they are the nuttier kind of Ron Paul supporter, moderate Republicans, or simply thing pot should be legal. I mean, look at Bill Maher, again--he claims to be libertarian, but he sure as hell isn't, and I find a lot of "libertarians" fit that mold. The libertarian party itself, for example, has lost a lot of credibility with many of the more staunch libertarians by nominating Bob Barr, who is probably more the type of libertarian you're thinking of than I am. My libertarian friends STILL crack Bob Barr jokes (just an hour ago one IMed me one).

      It's also curious that all the libertarians I know (I'm talking minarchists and anarcho-capitalists, here) do not have big-business aspirations. Whatever the case, no libertarian I know thinks the poor deserve to be poor, or are just lazy, or don't deserve help--many of the libertarians I know are poor, and they tend to lean towards extremity. They just don't believe that government and society are the same thing. Should members of society help the poor? Yes. Should it be done through government or democracy? No.

    36. Re:Troll? Really? by techno-vampire · · Score: 1
      Most often this is due to youth and inexperience, though it can also be preserved indefinitely by wilful ignorance.

      I have a friend in his late '60s who's not only worked all is life, he's owned his own business. He's also one of the most extreme-left Liberals I've ever met. Part of his makeup is the complete inability to accept the fact that any POV other than his own could possibly be valid under any circumstances, which is, I guess, a form of willful ignorance. I'm sure we've all met people with narrow minds, but my friend's reminds me of an Euclidean straight line.

      --
      Good, inexpensive web hosting
    37. Re:Troll? Really? by Gordo_1 · · Score: 1

      College long ago stopped having any notion of teaching kids to think and research independently

      Have you even been to college? Seriously, I think you need to get back on the anti-depressants and head to the therapist to figure out why you are so attracted to paranoid conspiracy theories.

      Really mods? Wow. Just wow.

    38. Re:Troll? Really? by Anonymous Coward · · Score: 0

      Let me guess, you're between 18 and 24 and white, aren't you?

    39. Re:Troll? Really? by bnenning · · Score: 1

      Libertarians are almost always people who are well off and don't like the idea of helping those who weren't dealt as good a hand as they were.

      Oh good, unfounded stereotypes are an excellent way to advance rational discourse. I can play too: liberals are almost always elitist busybodies who think they can run your life better than you can, while distracting you from their power grabs by blaming all problems on people who make slightly more than you do.

      Now that the two minutes hate is out of the way: I'm a moderate libertarian. I support capitalism because it usually produces more efficient results with less government intrusion, but I recognize that in its pure form it leaves many people unable to provide for themselves. Therefore I support a safety net to make sure that nobody goes without essentials, and I would prefer to achieve this by giving poor people money directly rather than via dozens of overlapping government programs.

      --
      How to solve most of our problems: 1.Lots of nuclear plants. 2.Cure aging.
    40. Re:Troll? Really? by m50d · · Score: 5, Insightful
      I'm fine with the government collecting taxes to provide infrastructure that benefits society as a whole, as well as helping people in need (which doesn't mean spending money stupidly; training and educating people would be a lot more effective than just sending them a check every month). I'd even be okay with the government helping with health care for people that need it, since a healthy population is far more productive, which benefits everybody. For issues other than economics, I'm pretty far down the libertarian side; the government shouldn't be involved in what people do in private, including who they sleep with and how much marijuana they smoke.

      That's not libertarian, that's good old-fashioned left-liberal.

      --
      I am trolling
    41. Re:Troll? Really? by bar-agent · · Score: 2, Funny

      That's right retard-moderator, I'm talking to you. I've got karma to burn so blow your points you brain-stem freak.

      Your momma's a moderator.

      --
      i'd hit it so hard, if you pulled me out you'd be the king of britain [bash.org]
    42. Re:Troll? Really? by steelfood · · Score: 1

      See? It should've been modded informative or interesting instead.

      --
      "If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be."
    43. Re:Troll? Really? by Moryath · · Score: 1

      Let me boil down Steinberger's so-called "argument" for you.

      Nanny-boo-boo if you're conservative you're a big stupid meanie-head.

      To wit:
      But Mr. Horowitz is a guest. We invited him here. Morally this doesn't mean we have to take his ideas seriously, and so on.

    44. Re:Troll? Really? by roman_mir · · Score: 1

      Which is great until you realize that life isn't actually fair and we're not all born equal.

      - what do you mean 'until'? It is great that we are all born unequal, I don't see a problem with it at all. We are all completely unequal. How does this go against libertarian principles exactly?

      It doesn't in my book. I taught myself, worked while teaching myself, supported my parents while working and teaching myself, still support my parents but I am a libertarian where it concerns the government and I know that we are all born unequal. There is no contradiction.

    45. Re:Troll? Really? by Moryath · · Score: 1

      Actually, yes. I was fortunate enough to go into a "hard science" degree, rather than the made-up "sciences."

      I got enough of the bullshit during the "core curriculum" set, where the trick to getting a high grade was to regurgitate everything the prof said (or wrote in the book he wrote himself and then required, at $300/copy for, in his class) instead of challenging any of his ideas with contrary data.

      You wonder why I say that the "soft science" professors can't make it in the real world? Here's a hint - they all write their "own" book, usually plagiarized from someone else wholesale, and then require it for their own course at an exorbitant cost. But not to worry, they have a captive audience; consider the yearly take when they sell books to 2000 or more freshman/sophomores per semester at $300 each, even after the printing costs. One of these ass-tards was so nasty as to require that we hand in the back cover of our book along with the final exam - that way, nobody could sell a book back to the bookstore, or buy a used book, and still pass the class.

    46. Re:Troll? Really? by Anonymous Coward · · Score: 0

      1) You aren't "dealt hands", this isn't poker. You make your own fortune in this world.

      2) There are more rich libertarians than poor libertarians. This isn't any more self-serving than it is for most poor people in the country to lean socialist. Showing a correlation does not prove causality in any case. Perhaps it's just that the same sort of mind that embraces libertarianism (independent, self-motivated, self-responsible) tends to do well in life.

      Let me respond to your one-line libertarian summary with another: You can sum up socialism as: Fuck the people who make this country what it is, let's bleed them to prop up people who are too irresponsible to lead a productive life.

      I don't expect life to be fair for anyone. I'd be libertarian regardless of my circumstances. I would never feel like I should push a government-backed obligation on anyone else to help me out, whether I "needed" help or not. This was proved shortly after the burst of the great internet bubble, when I was penniless and out of a (real, career-oriented) job for over a year. I never asked for unemployment, I never signed up for a government program. I took what (menial) work was available and adjusted my lifestyle until the market was better and I was able to relaunch my career. I don't ask for handouts, and I don't give them, and I *loathe* the idea of government trying to forcibly redistribute wealth.

    47. Re:Troll? Really? by Garse+Janacek · · Score: 1

      No, Berkeley is not "one example of how liberal universities typically are", it's an extreme example of the most far-out authoritarian strains of liberalism. I identify as far left, and those people scare the crap out of me. You don't get to just point at Berkeley and say that proves everywhere else is even worse.

      GGP was basically wrong. Most of the top schools are majority liberal, true. But there's far from a direct correlation between "more wealthy students" and "more liberal", and one of the cited examples, Harvard, seems very suspicious to me. Harvard undergrads are still majority liberal I'm sure, but there are very strong republican and libertarian subcultures there, more so than at a lot of top schools...

      --

      I am the man with no sig!

    48. Re:Troll? Really? by MindlessAutomata · · Score: 1

      No, I know Berkeley is particularly bad. And again, maybe many "libertarians" do fit the stereotype. But that is not at all what libertarianism has to be about.

    49. Re:Troll? Really? by DragonWriter · · Score: 1

      Berkeley isn't the university where the wealthy kids go. It's actually fairly affordable (at the in-state rate), especially considering the education you get there.

      It--the university, not the city--also isn't all that liberal, at least in the last couple of decades.

      The politically active portion of the population of the city is particularly liberal, though, but that's more due to middle-aged, high-income professionals that are ex-hippies that never really changed more than necessary to get by and people who have gravitated to the city because of its reputation than it is to do with the student body on campus.

    50. Re:Troll? Really? by Anonymous Coward · · Score: 0

      "...there are many fields where a doctorate is easy to get (take some surveys, fudge some statistics, write a "research thesis" paper that supports the groupthink of most of the people on the committee)"

      You've obviously never been to graduate school. A Ph.D. takes 5-8 years to earn in the sciences and engineering. Humanities IIRC are similar. People who fudge data that gets published in anything better than "The Journal of Shit Nobody Cares About" get caught and their careers are instantly and irrecoverably over. And committee groupthink? Over the course of my time earning my Ph.D. I lost at least a solid 24/7 week of my life just trying to get my thesis committee members to agree to be in the same damn room at the same damn time. The idea of professors acting lock step in groupthink is beyond laughable, as is your pro-ignorance wanna-be culture warrior crapfest of a post.

    51. Re:Troll? Really? by The_Wilschon · · Score: 1

      Libertarians are almost always people who think that how you behave often has something to do with how well off you are, and don't like the idea of helping those who refuse to get their act together.

      Fixed it for you.

      Maybe I'm alone here, but I don't like the fact that while I'm sitting here in a small sort of run down apartment because that's what I can afford on a grad student salary without going into debt (I have no debt that lasts longer than a month), my tax dollars are going to pay off the mortgage belonging to some fat crack smoking douchebag from my same socioeconomic class who couldn't even make it through high school, who holds a crappy job that pays him about as much as I make, but who managed to coerce the dumb loan officer to give him a loan for a big house he couldn't afford.

      I took care of my shit. He didn't. I don't like the fact that he gets his big house for free as a result of his bad behavior. That's why I'm libertarian leaning.

      I do recognize that we probably do need to keep all these mortgages from defaulting. So sure, use government funds to pay them off. But then, evict the fools who couldn't pay them, and give the house to somebody who doesn't have any unmanageable debt.

      --
      SIGSEGV caught, terminating

      wait... not that kind of sig.
    52. Re:Troll? Really? by pyrbrand · · Score: 1

      You seem to be confusing libertarianism with parts of conservatism (perhaps because Ayn Rand is so strongly associated with libertarianism). Libertarianism in the sense I understand it is a political position against restricting the actions of individuals. Think pro free speech, pro gay and sexual rights, anti-regulation, pro gun rights, pro choice etc. That said, there are a number of groups who take up the mantle of libertarianism, but don't live up to it (for a group whose members often claim to be libertarian, Republicans have been particularly bad in the recent past what with trying to restrict gay rights, spying on the public and trampling on civil liberties).

    53. Re:Troll? Really? by TheRaven64 · · Score: 1

      You can sum up libertarianism as: Fuck everyone else, if you're poor, it's their your fault.

      Not at all. A libertarian is someone who believes oppression is only acceptable when the oppressor does not name themselves a government.

      --
      I am TheRaven on Soylent News
    54. Re:Troll? Really? by Americano · · Score: 2, Insightful

      But I have never even seen a non-white libertarian.

      "There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy."
      -- (William Shakespeare)

      Here's a handy list of some non-white libertarians. Finding images of the people listed so you can see one of them is left as a google exercise for the reader.

      So now, can we please dispense with the generalizations based on your obviously limited anecdotal evidence and supported by your apparently-limited intellect?

      If you wish to debate some specific line of thinking that you disagree with as regards libertarian thinking, by all means, argue away. Otherwise, go back to DKOS and think up more snarky insults with your pals there, because the current batch is getting pretty stale.

    55. Re:Troll? Really? by mrjantz · · Score: 1

      I'm confused. You consider Paul nutty, rand noxious, and barr more "republican" than libertarian (I agree with you on Maher, by the way). But if these aren't the types of libertarians you're talking about, provide an example of a modern champion of the type of libertarianism you subscribe to. Otherwise, it's hard to know what you're talking about.

    56. Re:Troll? Really? by Anonymous Coward · · Score: 0

      Why do you think that those sorts of professors are assigned to teach the "core curriculum" classes that the "hard science" majors are required to take? They're shitty professors.

      The good professors (positive performance reviews, etc) get first pick of the slots for teaching the undergraduate majors and the graduate students in their field.

    57. Re:Troll? Really? by dangitman · · Score: 1

      No, those people are called assholes.

      That's redundant. He already referred to them as libertarians, so why do you repeat the point?

      --
      ... and then they built the supercollider.
    58. Re:Troll? Really? by dangitman · · Score: 1

      Libertarianism in a nutshell is opposing the government putting a gun to people's head.

      And allowing corporations and other private interests to put a gun to your head, instead.

      I don't see what this has to do with living on one's parent money.

      Because being wealthy gives a head-start to you being the one that can hold the gun.

      --
      ... and then they built the supercollider.
    59. Re:Troll? Really? by ukyoCE · · Score: 1

      Sooo you're saying the right-conservative DISAGREE with:
      -collecting taxes
      -providing infrastructure
      -helping people
      -government health care

      And AGREE with:
      -government monitoring of who people sleep with
      -government monitoring of what people smoke

      ?

      Just checking.

    60. Re:Troll? Really? by davolfman · · Score: 2, Insightful

      It's a troll because it's insulting. It needs no other reason.

    61. Re:Troll? Really? by tyrione · · Score: 3, Interesting

      Just tell them that:

      1. There is a difference between Libertarian and libertarian,
      2. Classical Liberalism==Old World Libertarianism (Jefferson, Paine, Franklin, etc) and finally,
      3. US libertarian leaning Republicans who are fed up with the GOP but have only one reason for proclaiming themselves to be a member of the LP [i.e., low taxes] and feel Ayn Rand is the quintessential Libertarian when she's as far from a true Libertarian as one could possibly become are not Libertarians. They are estranged pro-Oligopolistic, authoritarian, orthodox literalists who get a tingle down their leg at the thought of defending their land with a surface to air missile over one shoulder, while raving about Thomas Paine's Common Sense, conveniently ignoring Paine's seminal work, The Age of Reason.

      Having attempted to help the LP in the Pacific Northwest I'm never surprised when such ignorance of one's party history, let alone etymology of Libertarianism continues to abort new still births of ideals.

    62. Re:Troll? Really? by Dragonslicer · · Score: 1

      Sooo you're saying the right-conservative DISAGREE with:
      -collecting taxes
      -providing infrastructure
      -helping people
      -government health care

      And AGREE with:
      -government monitoring of who people sleep with
      -government monitoring of what people smoke

      ?

      Just checking.

      Looks pretty much like what would be called the right and/or conservatives in the United States these days, which would be authoritarian capitalism.

    63. Re:Troll? Really? by Homburg · · Score: 1

      You identify as far left, and yet you call people who are so far to the left of you they scare you, "liberal"? That's... confusing.

    64. Re:Troll? Really? by that+this+is+not+und · · Score: 1

      Modding it 'funny' brings the point total up without rewarding the poster. No karma is issued for 'funny' mods. So it's actually a way of punishing the poster, while also bringing their comment into greater prominence. Now that it's at 5, nobody is going to mod it up again, so.... poster gets no karma points.

    65. Re:Troll? Really? by that+this+is+not+und · · Score: 1

      until you kick them into the pit and tell them to get back to work.

      Let me take a stab at what political ideology you identify as.....

    66. Re:Troll? Really? by nleaf · · Score: 1

      Where do you get your information about "the universities where the wealthy kids go?" Is there something you can cite, or is it a personal assumption that you believe to be common knowledge? You're right that Berkeley the city is indeed very liberal. However, according to a friend who attended UCB for a bit, the campus itself is actually much more diverse in opinion. Sure, my evidence is second-hand and anecdotal, but it's more than you provide.

    67. Re:Troll? Really? by greg_barton · · Score: 1

      My libertarian friends STILL crack Bob Barr jokes (just an hour ago one IMed me one).

      Q: How do you know you're a crazy libertarian?

      A: You're still cracking Bob Barr jokes.

    68. Re:Troll? Really? by that+this+is+not+und · · Score: 1

      He should have cited 'Harvard' or 'Yale' or 'Princeton.'

    69. Re:Troll? Really? by Anonymous Coward · · Score: 0

      I'm a Libertarian (have been since I was 19...although my views have been refined since that point.)

      Anyway, as an adult I have a pretty decent job (in terms of both satisfaction and compensation) and do not have a "Fuck everyone else, if you are poor, it is your fault" attitude.

      I never had a lot of money as a kid and my parents could not help me through college because my mother had a very long standing problem with alcohol/drugs/gambling. She attends Alcoholics Anonymous now. There are a lot of people there who are living on social security, are pretty much just scraping by, and have multiple children. When I can, if some of these kids (usually in the 10-15 year old range) don't have computers I scavenge things from my pile of spare parts, maybe buy a cheap monitor/case or other piece of hardware, and go hook it up for them and show them how to use it. Some of these kids have even taken interest in learning some programming and such. Either way I give them an opportunity to have something that A. Provides entertainment and B. Is likely to help them down the road...even if they don't go into IT/CS/Tech Field they probably will need to know how to operate a computer to work in the real world.

      I also donate money to causes that seem worthy (And legitimate) when I can.

      I think a lot of Libertarian bashers (And Libertarians) miss out on the fact that a very basic tenet of Libertarianism is depending on private donations and the like. I make the types of "Donations" I do because I think it is more likely to help a child in the future than my taxes which get churned through the huge engine of government, get cut by 70% by the cost of processing said taxes, and get allocated to things that I would never support.

    70. Re:Troll? Really? by Attila+Dimedici · · Score: 1

      1) Don't forget: the vast majority of college professors are unabashed liberals, if not outright socialists. There are plenty of conservative professors, they just don't fit into the Jesus and Shotgun ethic that drives the GOP today. When you decide to take an anti-intellectual approach to politics you're going to, surprise, lose the intellectuals.

      Really? There are plenty of conservative professor?
      According to this article http://www.insidehighered.com/news/2007/10/08/politics 9.2% of college professors are conservative vs, 44.1% of college professors are liberals. I have seen this in several other articles.
      Can you provide any reference to support your claim?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    71. Re:Troll? Really? by Mspangler · · Score: 1

      "That's not libertarian, that's good old-fashioned left-liberal."

      The liberals I'm familiar with believe that, through no fault of your own, you are incapable of running your own life without massive government intervention to prevent you from choosing unwisely. After all, you might choose to buy a gun and not an airbag, so government must "guide" you into making the socially responsible choice, as determined by the government.

      The thought of letting people make their own choices greatly offends both the liberal left and the religious right.

    72. Re:Troll? Really? by Anonymous Coward · · Score: 0

      "How is this a troll?"

      Are you freaking kidding me?

      First, looking at the general reply to original post: not all geeks are in college. Not all geeks attend college. Most geeks I knew in high school couldn't afford college. Not all geeks are white. Not all geeks are of college age.

      Second, looking at the general reply in restricted scope as statement in itself: you think stereotyping well-off or spoiled or rich white college aged kids in insulting and rascist fashion isn't a troll? h4rr4r is a nut.

      "...a,,,b,,,c,,,"

      What is this, political leanings are suddenly direct lifelong characterizations? Once a cocksucker, always a cocksucker? Political leanings aren't like that except to the radical extremes, which apparently you might be.

      Normal people evolve in their thoughts and learn. Try it someday. Maybe when they were spoiled and accepted money from their parents, they now see this as wrong and returned the money. It isn't hypocritical to change.

      Also, what exactly are you saying anyways here....that if a, b, or c has occurred, it automatically follows that they cannot be libertarian? I thought one of the points of libertarianism was stratification of what is acceptable--do it on your own, make it on your own, if really bad accept family before charity, accepting government is the worse.

      btw, to use stereotypes to counter your own use, at least get them straight: a), college kids taking mommy and daddy's money aren't likely middle class, b) subsidized loan takers are overwhelmingly liberal, and c) scholarships (merit based) seems in line with libertarianism--otherwise you would be arguing anyone who accepted any help or progress in their life such as readng a book or learning cannot be a libertarian at all.

      "Yet middle class white kids do take that hypocritical position while undergrads fairly often."

      Proof? Evidence? Saw a study on libertarian numbers based on race and age amongst college students? Why do I think that's highly unlkely.

      Previous post was a troll. So are you. Or ignorant.

      How the mods have you at +4 insightful is ludicrous (also why I hate the moderation system on slashdot--too much of this crap, too much burying of good posts on older stories).

    73. Re:Troll? Really? by Lost+Engineer · · Score: 1

      Where do you get this idea? The most famous libertarians are primarily businessmen. Wayne Allen Root? I think he's a bookie. John Stossel and Drew Carey? Self made men.

      Those who have large amounts of money, however they got it, tend to want to use it to buy power in one of the big political parties. Old money swings left or right depending on where you're from but rarely libertarian in my experience.

      As far as taking a smoke break... at least they are exercising the freedom they're preaching.

    74. Re:Troll? Really? by Lost+Engineer · · Score: 1

      It's hard to find libertarian champions when the two biggest parties a) have a stranglehold on national political institutions and b) have mostly abandoned whatever libertarian wing they had, but I will try.

      I like John Stossel. He started out as a consumer advocate doing, as he has described, scare pieces. At some point he realized, hey, feckless corporations aren't the only ones screwing the populace over, and possibly not even the worst. What's great about his shows, though, is he always accompanies the account of the problem with an example of what works.

      Anyways the GP has a great point that libertarian is a label adopted by independents for differing motivations. A California republican (I consider them a special breed) once told me basically, "we're all Libertarians at heart, but we don't have a party."

    75. Re:Troll? Really? by Anonymous Coward · · Score: 0

      "That's not libertarian, that's good old-fashioned left-liberal."

      No, it's not. You think this because you do not understand process.

      First, he arrived at via libertarian thinking, which he clearly outlined at the start--that government should do the least. Liberals, they don't.

      Second, many facets of issues are either or. Just because there is significant overlap doesn't make the result liberal or conservative. Your inability to do this separation is common--this is why we have a two-party dominated political system in the US. There is going to be overlap if you look at things as yes no. In the quote you selected, the poster mentioned things that happen to be left leaning. If he had mentioned gun rights (government has no business here to the libertarian), you wuoldh't be making your claim of a liberal at all.

      Besides the difference with liberals with gun rights (libertarians side more with conservatives in this regard), take health care. Government HELPING with health care is different than government ALWAYS helping with health care. Get things started, let it go back to the private sector is an option to libertarianism. To the liberal, once government health care, always government health care.

      Further, a liberal might see equal health care for all as minimally acceptable; a libertarian would say a mandate to such is intrusive to make this so, but wouldn't object if the system evolved into this (as opposed to being forced by the government).

      A libertarian would point out that the health care mess we are in (high Medicare costs, aka liberal program) and HMOs (empowered by the law ERISA, liberal protection plan)--these involvements are making health care for the rest of us more difficult. A libertarian may decide to implement a government health care for all system, TEMPORARILY and work to get it withdrawn in a responsible stage. A liberal would never remove the program. An active libertarian would simply to get the overall system back off government involvement.

      Take sexual orientation. Liberal is ACCEPTANCE of same sex relationships. Conservative is to shy away from this. To the libertarian, we wonder "who the fuck cares." A libertarian can believe that same sex marriage or relationships are wrong, but holds that their personal opinion doesn't mean government dictates in any way ANY relationship (including recognition of male-female marriages). The libertarian stance is probably akin to long cabin Republicans in this regard, although even here there are differences.

      Anyways, what this all does point out is that a lot of libertarian ideas come across aspects in both parties, which to me, is really evidence that the politcal system based on parties is FUBAR'd, and why there is such acrimony in the US.

    76. Re:Troll? Really? by ogminlo · · Score: 1

      And let me distill Horowitz: the big bad left-wing college conspiracy is out to get your kids! Like Stephen Colbert says, "the truth has a liberal bias!" Horowitz is a whack-job and was justifiably eviscerated.

    77. Re:Troll? Really? by Anonymous Coward · · Score: 0

      hold on a scenod, i went t o berkely. don't say i didn't learn to write thetre. i was an engrish major....

    78. Re:Troll? Really? by MindlessAutomata · · Score: 1

      That's a big of an unfair characterization. I certainly know about exactly what you're talking about case 2. You missed the anarcho-capitalist type that like Rothbard, Bastiat, Spooner, and others. They're as extreme as can be, and sometimes a bit dogmatic with a silly metaphysics they use with their ethics, but they are principled if not jaded.

      I'm not a member of the LP, nor do I wish to be. They're a joke. Bob Barr was last election's punchline.

    79. Re:Troll? Really? by MindlessAutomata · · Score: 1

      I don't consider Paul nutty, though I don't blindly trust him (for example, he's too comfortable with the Constitution Party). I consider many of his supporters to be nutty, though; often they don't know what he stands for. C'mon, you've seen the "911 WAS AN INSIDE JOB!" type. And don't get me started on how they would bring up that awful Zeitgeist movie and Freedom to Fascism. Ugh.

      Rand was noxious. A lot of libertarians hate her, some respect or like some of the things she's written but find her to be a bit of a crazy cult leader and bitch. If you're unfamiliar with many libertarians hating Barr then you haven't followed them at all closely. Many of the "good" libertarians still associate with the LP, of course, but there was quite an outcry, yes, even on slashdot!

      The type of libertarians I talk about are ones that usually like philosophers such as Rothbard, Hazlitt, Bastiat, Mises, and so on. Examples of them include people you probably haven't heard of, like Wendy McElroy, Roderick T. Long, and others. I can't say I endorse them--I don't endorse anyone to think for me--but I at least sympathize with much of their views, although I'm not at all an optimist or a romantic towards change, nor do I blindly trust libertarian economic arguments (I find the Austrian school of economics' methodology to be silly, at best) or some of the utopian arguments sometimes made. I don't believe in "natural rights", either, although I'd say I believe in the principle behind the idea.

      Rand, Barr, and Paul are not "big names" of libertarianism. Well, Paul might be at the moment, he's far more respected that Barr and to many, Rand, in libertarian circles. Rand didn't even like libertarians herself, her philosophy is very close to libertarianism but differs in various ways and either you agreed with her 100% or were an outcast (despite what she would say or her admirers will tell you).

      By the way, if you want to know what Rand's status is with a lot of libertarians, looked up the hilarious play written by Rothbard, Mozart was a Red. You don't have to be a libertarian to enjoy it.

    80. Re:Troll? Really? by Anonymous Coward · · Score: 0

      Really? I wonder why I'm poor and am still libertarian, must be somehow secretly rich. Libertarianism is about not wanting to help the poor, it's about the idea quite often the government is NOT the best answer to our problems.

    81. Re:Troll? Really? by Anonymous Coward · · Score: 0

      Have you ever stopped to consider that being a prejudiced jackass won't get you very far in life, no matter how right you think you are?

    82. Re:Troll? Really? by Anonymous Coward · · Score: 0

      Being currently a scholarship supported undergrad who for a year or two was spouting on about 'free markets and free minds', the reason why such positions are taken by people such as myself is as a reaction against the incredibly irritating and inane liberals who fill up our classes and social life with their tireless posturing about 'capitalism' or 'racism' or whatever. And then they bash up some kid wearing an Israeli flag on his shirt, calling him a 'murderous Jew' during one of their marches demonstrating their solidarity to 'Hamas'. All the while their political clubs etc are funded by the wealthy taxpayers. They constanly express their support for totalitarian police states like Cuba or Venezuela, where all form of expression other than socialist drivel is illegal, whilst harping on about 'free speech' all the fucking time. Why should my admittedly wealthy parents be *paying* to support such parasites? Hence for while I was a full-on libertarian, whether it is hypocrital or not. Now I more or less just consider myself to be a standard conservative.

    83. Re:Troll? Really? by m50d · · Score: 2, Insightful
      Sooo you're saying the right-conservative DISAGREE with:
      -collecting taxes
      -providing infrastructure
      -helping people
      -government health care

      No, I'm saying that left-liberals agree with those things. But yes, less support for these kind of things is the distinction between left and right - whether one believes in taxing the wealthy to fund benefits to society in general, or not.

      And AGREE with:
      -government monitoring of who people sleep with
      -government monitoring of what people smoke

      In terms of traditional positions, no - those are things pursued my more authoritarian sectors on both left and right. But in terms of current party politics, yes, those are very much right-wing positions.

      --
      I am trolling
    84. Re:Troll? Really? by m50d · · Score: 1
      The liberals I'm familiar with believe that, through no fault of your own, you are incapable of running your own life without massive government intervention to prevent you from choosing unwisely. After all, you might choose to buy a gun and not an airbag, so government must "guide" you into making the socially responsible choice, as determined by the government.

      Then I suspect you're only familiar with neo-socialists you think of as liberals, and haven't actually seen any "good old-fashioned left-liberals". Well, either that or you're inaccurately stereotyping your political opposition.

      --
      I am trolling
    85. Re:Troll? Really? by Hognoxious · · Score: 1

      A libertarian is an anarchist with a trust fund.

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    86. Re:Troll? Really? by Hognoxious · · Score: 1

      1) You aren't "dealt hands", this isn't poker. You make your own fortune in this world.

      In two words: Steve Forbes.
      In two words and a letter: George W Bush.

      I guess they made their fortunes by choosing their parents well.

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    87. Re:Troll? Really? by Zeinfeld · · Score: 1
      No karma for 'funny' mods? The kama system gets weirder and weirder. But I guess ambiguity is a useful component in deterrence.

      But you can see the reason the original Republican article is wrong from the fact that this entire thread is about Libertarianism and Libertarianism and nothing else. And while it makes perfect sense for a US right wing party to make a bid for Libertarian votes, the GOP is entirely incapable of doing so and will be incapable for at least ten years.

      The modern GOP is essentially a feudal organization devoted to the worship of power and the powerful. A Libertarian wants to pay less tax or no tax. A member of the GOP is obsessed with what the richest of the rich will pay in taxes and will support tax cuts for them even if they get no tax cuts at all or a net tax increase.

      This might sound illogical, but it is anything but. It is a lottery mentality. The social purpose of a lottery is to allow losers at the bottom of society to vicariously engage in the lifestyles of the ultra-rich. That is why people who pay no taxes turned up to the teabagging protests.

      The GOP has become an ideological party and now that it has lost power the remnant is engaging in even more ferocious factional warfare against anyone not of like mind within the party. Libertarians are even less welcome than gays. You can't be a part of the GOP machine unless you are willing to drink all the cool aid.

      I do not see how anyone can expect San Francisco metro area to turn Republican while the party is fulminating against gays, 'immigrants' (Latinos) and imagined conspiracy theories. Now that Bush is no longer in office they are finally taking civil liberties seriously, but accusing Obama of running a police state might have a bit more credibility if they had made just one complaint against the Bush wiretaps or had the guts to call torture torture.

      People do vote with their pocket books. But it is going to be really difficult to persuade many people that this current mess is not primarily a Republican mess. Republicans lowered taxes and increased spending. How is that not going to create trouble?

      --
      Looking for an Information Security student project suggestion?
      Try http://dotcrimeManifesto.com/
    88. Re:Troll? Really? by ukyoCE · · Score: 1

      You're jumping the gun a bit with this "taxing the wealthy" stuff. The OP just said he's ok with *taxing*. Right and left both agree with taxes and infrastructure and "helping people" in a general sense - the extent they're ok with is the difference.

      The OP's point was not that he wants those things in *excess* (arguably the left's position), just that he is ok with those things existing, contrary to the extreme anarchist views of some libertarians.

      His first sentence, "the government should do as little as necessary to keep the society functioning", makes it pretty clear he doesn't want those things in excess. Unless the right wants to do away with taxes and infrastructure altogether, the only things "left-liberal" on his list are not wanting the government in his bedroom, and government healthcare.

    89. Re:Troll? Really? by Registered+Coward+v2 · · Score: 1

      1) Don't forget: the vast majority of college professors are unabashed liberals, if not outright socialists. There are plenty of conservative professors, they just don't fit into the Jesus and Shotgun ethic that drives the GOP today. When you decide to take an anti-intellectual approach to politics you're going to, surprise, lose the intellectuals.

      Really? There are plenty of conservative professor? According to this article http://www.insidehighered.com/news/2007/10/08/politics 9.2% of college professors are conservative vs, 44.1% of college professors are liberals. I have seen this in several other articles. Can you provide any reference to support your claim?

      How about from your reference:

      The results of the study find a professoriate that may be less liberal than is widely assumed, even if conservatives are correctly assumed to be in a distinct minority. The authors present evidence that there are more faculty members who identify as moderates than as liberals. The authors of the study also found evidence of a significant decline by age group in faculty radicalism, with younger faculty members less likely than their older counterparts to identify as radical or activist. And while the study found that faculty members generally hold what are thought to be liberal positions on social issues, professors are divided on affirmative action in college admissions.

      It would seem that professors, while possibly more liberal than the general population, have views that cut across teh spectrum and may be liberal in some areas and conservative in others.

      That is not unusual in even the general population. The "Southern Democrat" for example, socially liberal but economically conservative.

      --
      I'm a consultant - I convert gibberish into cash-flow.
    90. Re:Troll? Really? by Firethorn · · Score: 1

      I paid for my own college, currently make a comfortable living, and so forth.

      I call myself a moderate libertarian mostly because they're the closest matching party, I'm currently sort-of boycotting the major parties. Still write those in office.

      Why do I consider myself libertarian?
      I believe that the war on drugs/prostitution is a lost cause, more expensive than just legalizing, taxing, and regulating it. That's not a position that mainstream democrats or republicans take.
      I believe that the federal government should normally have a balanced budget, in order to provide ready credit for wartime or economic crashes.
      EVERYBODY should pay some taxes, as a matter of policy.
      I like a clean environment; just listen to the news that pollution kills nearly a 100k/year right here in the USA. Still, there's also quality of life issues to consider - if a system costs 100 lives due to pollution, but saves 100k due to it's benefits, it still should be produced.
      I'm pro-choice and pro-death penalty, I'm also for extensive controls on police/prosecutor corruption/malpractice. They often has more power to screw somebody's life up than a surgeon.

      Not strictly libertarian, but I'd expand the 'health care savings plan' and 'High deductible insurance' a LOT, and I'd forbid discrimination on the basis of pre-existing conditions as long as the individual HAD insurance in the last 3 months or so.

      There's plenty more, but I agree with the democrats on some things, the republicans on others. Neither on quite a few. Extremists tend to be nutty, of whatever party, but I can't help but think that a half dozen or so libertarians might not be a bad thing in congress.

      --
      I don't read AC A human right
    91. Re:Troll? Really? by Eli+Gottlieb · · Score: 1

      Seen your college newspaper lately? You're in for an eye-opener or three. (While you're at it, look up the aforementioned goal and check out goals 26, 29, 40, and just for a lark, 44).

      Funny, I go to one of the most liberal colleges in the country, UMass Amherst, and I even write for the student newspaper. We get criticized for being too conservative by the leftist groups because we want universal health care but not race-based affirmative action or divestment from Israel.

    92. Re:Troll? Really? by Firethorn · · Score: 1

      When have republicans ever claimed to be libertarians? They're separate political parties.

      Otherwise, your definition of a libertarian looks good; people just have to remember that there are moderate and extreme ones, just like for republicans and democrats, and we certainly don't agree on everything.

      --
      I don't read AC A human right
    93. Re:Troll? Really? by chakras · · Score: 1

      Wow, you almost caused my head to explode ... I personally consider libertarianism to mean "Taking responsibility for your own actions with a strong belief in personal/economic freedom". I guessing in your "unfair" world, we should all just blame someone else and then have our impartial governments sort it out. Most of the libertarians I've met live in rural communities and are not rich. They/we feel like Governments pass laws primarily for self preservation, whether its to increase reliance on itself or by pandering to lobbyists for financial incentives , the end result is that the public good is often an after thought.

      --
      America needs fewer laws, not more prisons -- James Bovard
    94. Re:Troll? Really? by drsquare · · Score: 1

      The problem then, is you end up with a lot of homeless crack addicts with no legal means of providing for themselves. The results are usually not pretty.

    95. Re:Troll? Really? by drsquare · · Score: 1

      I didn't realise it was that simple to pigeonhole people into liberals and conservatives. Especially if you've never met them.

    96. Re:Troll? Really? by AtlasBatterie · · Score: 1

      I have a feeling you're twisting "libertarian" to mean "moderate Republican"; that's not what I'm talking about at all. I've seen very few wealthy libertarians. Those that are, are not really the ideological ones.

      I'm not denying the "poor people are lazy" libertarians exist. They do; the Ayn Rand sector of libertarianism is particularly noxious. But I often find those that claim they are libertarian simply adopt the label because they are the nuttier kind of Ron Paul supporter, moderate Republicans, or simply thing pot should be legal. I mean, look at Bill Maher, again--he claims to be libertarian, but he sure as hell isn't, and I find a lot of "libertarians" fit that mold. The libertarian party itself, for example, has lost a lot of credibility with many of the more staunch libertarians by nominating Bob Barr, who is probably more the type of libertarian you're thinking of than I am. My libertarian friends STILL crack Bob Barr jokes (just an hour ago one IMed me one).

      It's also curious that all the libertarians I know (I'm talking minarchists and anarcho-capitalists, here) do not have big-business aspirations. Whatever the case, no libertarian I know thinks the poor deserve to be poor, or are just lazy, or don't deserve help--many of the libertarians I know are poor, and they tend to lean towards extremity. They just don't believe that government and society are the same thing. Should members of society help the poor? Yes. Should it be done through government or democracy? No.

      Ayn Rand never wrote or implied that poor people are lazy. She wrote and implied that poor people simply haven't managed to trade their skills for a higher price, and that freedom means you have to trade in a free market and what you get is what you get.

      And she deemed that scenario fairer than having one person or a committee decide. Of course, having the whole world decide how much your services are worth is really, really, unfair.

      She opposed force, and differentiated between "economic force" and real force, and had a real disdain for people who I see every day equate the two.

      The concept tossed about in her book and today's "hard-working middle class" says I am a prisoner of my low-paying job on the assembly line to those evil factory owners who better not think of moving their factory to another state or country because my need of / right to the job is greater than their right to shut down the factory.

      All Ayn Rand did was illustrate what would happen if those evil exploiting owners simply stopped exploiting.

      In life she was bitter and angry, and it showed in her work. She lived in the old Soviet Union and saw first-hand what it did to people. Her work still managed to illustrate the ridiculousness of what now passes for common sense. And she blamed the moral code more than the people who spouted it..

      She even pointed out that many people who did not deserve to be hurt WILL be if the code is followed, because water doesn't flow uphill no matter how much you pray.

      In the same breath today we have people slamming the irresponsible risk-takers and over-leveraging, while slamming the banks for not making loans.

      Wait, I need an MRI, but I can't afford it since I just purchased a new TV. You don't expect me to live without a TV do you?

      Don't judge Rand by her sometimes over-zealous one-sided advocates...just as one shouldn't judge that fictional character who walks on water by the Crusades.

      Truly noxious indeed.

    97. Re:Troll? Really? by coaxial · · Score: 1

      Of course we're talking about Silicon Valley, which is dominated by engineers, and Ayn Rand "Objectivism" and hard-core Libertarianism is widespread among undergraduate engineers.

    98. Re:Troll? Really? by Anonymous Coward · · Score: 0

      No, it's American. Liberal has a different meaning in England.

    99. Re:Troll? Really? by MindlessAutomata · · Score: 1

      Extreme views are relative to the time and don't necessarily have anything to do with real-world experience, particularly someone's own moral code. Unless your moral code is based on what's potentially convenient to you, I don't see how you can make that argument seriously.

      At one time, in some place, having a complete anti-slavery position was "extreme." Hell, *democracy* was once an extreme position. Looks like -you- haven't been challenged by real-world experience if we compare you to some earlier, more depraved time.

    100. Re:Troll? Really? by MindlessAutomata · · Score: 1

      "Most famous" is because they -are- rich. Almost everyone famous is rich! Your argument is laughable. If you want to go with that argument, I can just say that liberalism is something for the naive wealthy people, and point to Hollywood. I'd be able to come up with far more and far better examples than you would, believe me.

    101. Re:Troll? Really? by GenSolo · · Score: 1

      The "Southern Democrat" for example, socially liberal but economically conservative.

      I really hope you typed that backwards. Aside from geography, the defining characteristic of a Southern Democrat is social "conservatism".

    102. Re:Troll? Really? by Anonymous Coward · · Score: 0

      It's a troll because it's insulting. It needs no other reason.

      If one looks in a mirror and sees that one is, in fact, hideously ugly, does one retaliate against the mirror?

    103. Re:Troll? Really? by Anonymous Coward · · Score: 0

      If you are on the "socialist side of libertarian" you either don't understand socialism or you don't understand libertarianism.

      If you want to understand the philosophical basis of libertarianism, start with John Locke and work your way forward.

    104. Re:Troll? Really? by badkarmadayaccount · · Score: 1

      if (!eval(government))
      /*This checks if government is undefined*/
      {system("s/libertarian/anarchist/g");}

      --
      I know tobacco is bad for you, so I smoke weed with crack.
    105. Re:Troll? Really? by ultranova · · Score: 1

      Libertarians are almost always people who think that how you behave often has something to do with how well off you are, and don't like the idea of helping those who refuse to get their act together.

      Libertarians are people who demand the government to defend their property, but don't care if other people die from lack of healthcare. Basically, they are a hypocritical version of anarchists.

      Maybe I'm alone here, but I don't like the fact that while I'm sitting here in a small sort of run down apartment because that's what I can afford on a grad student salary without going into debt (I have no debt that lasts longer than a month), my tax dollars are going to pay off the mortgage belonging to some fat crack smoking douchebag from my same socioeconomic class who couldn't even make it through high school, who holds a crappy job that pays him about as much as I make, but who managed to coerce the dumb loan officer to give him a loan for a big house he couldn't afford.

      Ah yes, the "poor deserve being that because they're (insert rant here)" argument, the standard libertarian fare. It's the classic tactic of dehumanizing the enemy so he can be mistreated or killed without guilt used by everyone trying to excuse their inexcusable behaviour, from Nazis to South Africa during the apartheid to Serbia.

      I took care of my shit. He didn't. I don't like the fact that he gets his big house for free as a result of his bad behavior. That's why I'm libertarian leaning.

      Of course you did. It's not your fault that you're living in a small run-down apartment. It's the fault of fat crack smoking douchebags! If only we could evict them and give their ill-gotten property to real Germans^HAmericans like you!

      Maybe we should make them wear some kind of symbol - say, a yellow cannabis leave? - so we could all recognize and avoid them on the streets, least they pollute our precious bodily fluids?

      I do recognize that we probably do need to keep all these mortgages from defaulting. So sure, use government funds to pay them off. But then, evict the fools who couldn't pay them, and give the house to somebody who doesn't have any unmanageable debt.

      So, in short, you want my tax dollars to be used to evict people from their houses and give said houses to you.

      Seriously, people like you are the reason why Libertarians won't ever hold political power, because you make it so bloody clear just what would happen if they did. Which is probably unfair since I find it likely that there are people who actually are in it for liberty, but hey: if you lay with dogs you will get fleas.

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

    106. Re:Troll? Really? by Garse+Janacek · · Score: 1

      Actually I called them "the most far-out authoritarian strains of liberalism". I don't consider Berkeley people to be "to the left" of me in a meaningful sense, and I didn't say they were -- political leanings are not a single right vs. left dimension. What bothers me about Berkeley culture is its authoritarianism, not its "liberal" politics, such as they are. I didn't use "liberal" with negative connotations anywhere in my post. Someone who considers themselves very conservative might similarly identify as far- right and yet still refer to "an extreme example of the most insane, Randian strains of conservatism" without implying either that conservatism was bad per se or that Ayn Rand was truly representative of a "conservative" philosophy.

      --

      I am the man with no sig!

    107. Re:Troll? Really? by The_Wilschon · · Score: 1

      Did you ever ask if I thought anything else? I do want people to have healthcare. I don't want people to be living on the streets. But I also don't want to see the country go bankrupt bailing out people for their own bad decisions. You confuse "The poor are poor because they are stupid" with "People who do stupid things deserve to live with the consequences of their actions". Those are two very different statements. One of them I agree with. The other you are trying to set up as a straw man for me.

      Anyways, I don't think that the government should be in the position of providing for the poor. I do think the poor should be provided for. Do you understand the difference? I believe that separation of church and state (or moral beliefs and government, to broaden it a little bit) is good for the country. I also believe that taking care of the poor is a moral obligation, but I recognize that others may not agree. There certainly are people out there who think that you should only ever be concerned with yourself. I do not think that having the government force them to do something that is so directly contrary to their moral beliefs as support the poor is a good idea. That is why I make sure that a decent portion of my money does go to support the poor, but nonetheless I advocate the end of the welfare state. Currently, most of my poor-supporting-money is channeled through the government, because I am required to pay taxes, and a certain percentage of those funds goes to supporting the poor. The remainder that I feel obligated to use to support the poor gets channeled through either churches or charities as I see fit. If welfare ever decreases, the portion going to charities will increase correspondingly.

      It most certainly is my fault I'm living in a small run-down apartment. I made the choice to pursue a certain course of action (becoming a graduate student), in full knowledge that I could be earning a lot more money doing other things, and in full knowledge that by taking this course of action, I would be sacrificing some measure of material wealth. However, it is not my fault that the economy is currently doing so poorly, and I resent having to clean up other people's messes. All I ask is that people be held responsible for their actions, as I expect to be held responsible for mine.

      --
      SIGSEGV caught, terminating

      wait... not that kind of sig.
    108. Re:Troll? Really? by The_Wilschon · · Score: 1

      No, you end up with a lot of empty housing in which to put the evicted people. If they can't provide for themselves because their crack smoking habit is too bad, then there are charities that can help them (one big one is state mandated, but certainly doesn't have to be) both in terms of food and paying their rent (which is now much lower than their mortgage was) and in terms of getting off the drugs so they can stop being a burden to other people.

      --
      SIGSEGV caught, terminating

      wait... not that kind of sig.
    109. Re:Troll? Really? by Anonymous Coward · · Score: 0

      But the important question is, do you buy nice stuff for all of those chicks everyone knows you're banging on the side ???

      :O

    110. Re:Troll? Really? by Arthur+B. · · Score: 1

      I am an anarcho-capitalist, if you don't know what that means look it up, then come back to me and call me a republican again.

      --
      \u262D = \u5350
    111. Re:Troll? Really? by EastCoastSurfer · · Score: 1

      Good explanation.

    112. Re:Troll? Really? by EastCoastSurfer · · Score: 1

      Great logic there. So either you give people a house or they become homeless crack addicts.

      No, you wouldn't suddenly have a bunch of new 'homeless crack addicts.' You would have people go through the bankruptcy and eviction process and end up in a cheaper apartment or rented house somewhere else.

      This process would speed up our recovery by letting house prices finally reach a bottom and quickly clean out the bad loans from the system.

    113. Re:Troll? Really? by EastCoastSurfer · · Score: 1

      Libertarians are people who demand the government to defend their property, but don't care if other people die from lack of healthcare. Basically, they are a hypocritical version of anarchists.

      Wow, so equating property rights with health care is logic now? Interesting.

      Ah yes, the "poor deserve being that because they're (insert rant here)" argument, the standard libertarian fare. It's the classic tactic of dehumanizing the enemy so he can be mistreated or killed without guilt used by everyone trying to excuse their inexcusable behaviour, from Nazis to South Africa during the apartheid to Serbia.

      Again, not sure how you got this from the other guys comment. He didn't dehumanize or ask for anyone to be mistreated. All he ranted against was the irresponsible being bailed out while those who were responsible are footing the bill. What is your suggestion to this problem? When someone does something irresponsible should their be no consequences? If there are no consequences then why limit your personal risks at all?

      Of course you did. It's not your fault that you're living in a small run-down apartment. It's the fault of fat crack smoking douchebags! If only we could evict them and give their ill-gotten property to real Germans^HAmericans like you!

      Um, he didn't blame the other person for his living situation at all. He said he made that choice to live sparsely and stay out of debt because it was the responsible thing to do. The property was ill-gotten and if you don't pay your bills you should be evicted. I'm sure the GP would agree that if he didn't pay his bills he would expect to also be evicted.

      So, in short, you want my tax dollars to be used to evict people from their houses and give said houses to you.

      No, your tax dollars should be used to administer the laws. One that is fairly simple is that you need to pay your mortgage and if you don't you need to find somewhere else to live. I didn't see where the GP said anything about giving a house to him. In fact he clearly said he could not afford it and lived within his means. Why do you want to reward irresponsible people living beyond their means? You do know that enabling those people is not sustainable for any length of time right?

    114. Re:Troll? Really? by slams · · Score: 1

      You sound closer to the ideas of liberalism than libertarianism.

      --
      -slams
    115. Re:Troll? Really? by Firethorn · · Score: 1

      classical liberalism. I'm pissed off at most 'liberals' for spending money we don't have.

      Oh, and I'm a gun nut. Seriously, check out my sig. ;)

      --
      I don't read AC A human right
  14. without the bold leadership by nimbius · · Score: 2, Funny

    of ted stevens, unfortunately the complexity of the tubes seem unnavigable at this time.

    --
    Good people go to bed earlier.
    1. Re:without the bold leadership by Anonymous Coward · · Score: 0

      That's because, with his departure, we've been dumping stuff on it.

  15. Pocketbooks and Polls by Analogy+Man · · Score: 1
    Sure venture capital may drive the financing of the hi-tech sector of Silicon Valley and indeed corporate clout goes a long way to influence elections.

    Still, come that first Tuesday in November individuals step up to a little private booth and selects their electoral choices. My bet is that a minority of them understand or hold a strong opinion on federal policy as it pertains to venture capital. If past California elections are any indication turnout and passion will be driven by some gut emotional issue and the election will be a "Southpark" style fiasco with both sides of hot button issues behaving like spoiled toddlers.

    --
    When the people fear their government, there is tyranny; when the government fears the people, there is liberty.
  16. No mention of Sarbanes-Oxley? by Anonymous Coward · · Score: 5, Insightful

    It's hard to take seriously an article that makes no mention of Sarbanes-Oxley, which effectively closed the IPO market for venture funded start-ups.

    Whichever party cracks that door back open has a shot at winning big supporters from Silicon Valley.

    Apolitical? Research donations online, it's easy enough to do. Venture capitalist contributions are large, and in the last election cycle went about 2 to 1 in favor of Democrats.

    Could that go to 1 to 1, or even 1 to 2, in favor of Republicans? Certainly, it's up for grabs. Every day employment falls in Silicon Valley, even more so.

    1. Re:No mention of Sarbanes-Oxley? by Skyshadow · · Score: 5, Insightful

      I don't see the GOP making gains in the Valley or moving in the right direction to do so. On the contrary, the GOP is actively moving further and further away from being the party of the well-educated, tech-savvy individual living in an urban area (aka, the Valley).

      If we were to see an actual return towards fiscal conservatism and keeping government out of peoples' private business, we might have something to discuss. So long as the GOP chooses to base itself on gay bashing, anti-scientific rhetoric and hating on immigrants (legal and otherwise), they'll never see gains here.

      Oh, and having Carly Fiorina on their side doesn't exactly improve their image, either.

      --
      Every year during my review, I just pray the words "slashdot.org" aren't mentioned.
    2. Re:No mention of Sarbanes-Oxley? by pjl5602 · · Score: 1

      Your view of the GOP is, um, apparently coming from the left. You seem to imply that you are a center of the road guy. But from where I sit, you're quite a distance away from me. Now, that may mean that I'm a bit off to the right. A debate we can have another time... I don't know of a single Republican of any consequence that "gay bashes" and, no, being against same sex marriage is not gay bashing. Nor do I know of any that hate immigrants (nor do they hate illegal aliens -- that's what they are. The term illegal immigrant implies that they immigrated when they simply migrated. Perhaps illegal migrant?) As for the anti-science, I don't quite see that. I think the creationism in schools is dumb but that's not a national or even state-wide issue. Just a group of dorks on a local level that get lampooned on the national stage. If you want to talk anti-science, how about the global warming nuts on your side of the aisle?

    3. Re:No mention of Sarbanes-Oxley? by Beelzebud · · Score: 1

      You just confirmed everything he said in your attempt to debunk it.

      Gay bashing? Check
      Immigrant bashing? Check
      anti-science? Double check


      Trying to deny homosexuals the rights of marriage is very much 'gay bashing'. You may not personally be an immigrant basher, but you're blind or naive if don't see that a large base of the Republican party right now in the south is all about denying ramping up the fear of Mexicans. Saying that creationism isn't a national or state issue is just blatantly being dishonest. Just two weeks ago Texas nearly voted to allow teaching creationism in the science room. Your denial of global warming is the icing on the cake. There is a reason a vast majority of scientists have determined that climate change is caused by our release of greenhouse gasses. The reason is because they have scientific evidence in the form of ice cores. It's the same sort of evidence the evolutionists rely on to verify the theory of evolution.

    4. Re:No mention of Sarbanes-Oxley? by pjl5602 · · Score: 1

      Yeah, okay.

      Being opposed to government sanctioned same sex marriage is not gay bashing. Tom and Bob's relationship will never have as much value to society's as Tom and Jenny's. Why? Tom and Bob can NEVER produce offspring. Tom and Jenny's can. No offspring. No society. Before you get all spun up about, "Oh, now you need to have a kid to be a productive member of society, blah, blah, blah." No, that's not what I said. Tom and Jenny's relationship at least has the potential for offspring. That makes it different than Tom and Bob's. And it's potential value to society (furthering it) is clear. So one could make the argument that it's in governments interest to promote marriage between a man and a woman as a "better thing" than not. And if Tom and Bob want to get married. I couldn't care less. Good for them. May they live long and be happy. I just don't think that government should bestow it with the same benefits of marriage between a man and a woman. If you consider that position "gay bashing" that's fine. We have no common ground on the issue at that point I would imagine. Finally, yeah, I'm fine with government getting out of the marriage business.

      Immigrant bashing. Damn, you're not a careful reader (I know, I know, it's slashdot.) I took great pains to point out that people here illegally are not immigrants. I'd like more immigrants to come. I'd like it to be easier for people to immigrate. Hell, I'd love for Mexico and Canada to perhaps become part of the union. Illegal aliens are just that. Don't call them immigrants because they've done nothing to immigrate. If people don't want to come here legally, I'm 100% for building a big fence and sending people back home. I'm also fine with naturalizing them and having them pay fines. I'd just like illegal migration to stop (note, once again, I didn't call it illegal immigration.) Finally, I'm sympathetic. If I was dirt poor in Mexico, I'd want to come here any way I could. That doesn't make it any less illegal. And if that still makes me an "immigrant basher" in your eyes, apply the lack of common ground point above to this as well.

      As for anti-science, thanks for pointing out the Texas deal. I'll ammend my above quote "I think the creationism in schools is dumb but that's not a national issue." I don't know the specifics of the Texas case (don't live there, don't really care) so I'm not going to condemn nor defend it. My knee-jerk reaction is to be in opposition but that's as far as I'll go at this point. If you feel like producing some actual links, I'd be happy to take a look. As for the ice cores, they may not be the holy grail you think they are. It seems to me that you have your own (religious) dogmas that you denigrate in others. Personally, I'm agnostic on both God and anthropogenic global warming.

      Aren't we supposed to all get along now in this new era of b-ipartisanship and national unity? Hell no, debate like this is good IMHO. Keep it up.

      I'll leave you with this:

      A woman once came to Gandhi and asked him to please tell her son to give up eating sugar. Gandhi asked the woman to bring the boy back in a week. Exactly one week later the woman returned, and Gandhi said to the boy, "Please give up eating sugar." The woman thanked the Mahatma, and, as she turned to go, asked him why he had not said those words a week ago."

      Gandhi replied, "Because a week ago, I had not given up eating sugar.

      Take from it what you will.

  17. All the government wants to know by Alzheimers · · Score: 1

    All the government really wants to figure out is what the ???'s mean in "Step 3: ???;Step 4: Profit!"

  18. VCs don't pose any systemic risk by weston · · Score: 4, Interesting

    There's no plausible reason I've heard or can think of to regulate VCs more closely. They don't pose any systemic risk in the way that lending, derivatives, or insurance can. They're one manifestation of the big virtue in a sea of mixed issues with capitalism: entrepreneurship. If you lose, you lose your money, the business ceases to exist. If you win, you make money (potentially lots of money) creating and selling a viable business. That's it. No bailouts. Investors lose, people may lose jobs, but there's nothing else for anybody to do. All the arguments for regulation that make a certain amount of sense in other sectors tend don't seem to apply well here.

    Heck, even if VCs for some reason COULD pose systemic risk, it's a small enough part of the economy (yearly less than what we're probably going to end up loaning to the auto industry) that it probably still wouldn't.

    1. Re:VCs don't pose any systemic risk by wdavies · · Score: 1

      Someone mod this up please. Most sensible comment on this I've seen.

    2. Re:VCs don't pose any systemic risk by try_anything · · Score: 1

      I think the idea is to regulate places where the fraudsters, bluffers, and snake-oil salesman might resurface when their old haunting grounds are regulated. The current size of a sector doesn't rule it out. Venture capital seems pretty simple (invest in a company, make money if it succeeds) but mortgage lending is pretty simple, too (lend to a homebuyer, make money if he pays you back). If mortgage lending can be complexified until blatant frauds and wishful thinking can hide behind the sophistication, then perhaps venture capital could be turned into the next hot source of unlimited, guaranteed, completely illusory returns. And it would have plenty of political protection: it could cloak itself in the American dream of entrepreneurship like mortgage-backed abominations cloaked themselves in the American dream of home ownership.

      That's not to say I think VCs should be regulated like hedge funds; in fact, I don't. I just wanted to explain why someone in DC, looking back at the mortgage mess and trying to imagine where the fatal combination of complexity, wishful thinking and fraud will come from, might think it's a good idea to regulate venture capitalists.

    3. Re:VCs don't pose any systemic risk by weston · · Score: 1

      Venture capital seems pretty simple (invest in a company, make money if it succeeds) but mortgage lending is pretty simple, too

      The thing about mortgage lending is that in its base iteration, it is in fact pretty safe. Particularly if you screen your loan recipients sensibly.

      Venture capital in its base iteration is risky, even if you're smart and screen carefully, and I'm trying to imagine what in the world you can do to even give the appearance that you aren't likely to lose your money more than one time out of five. Securitization? I suppose you could issue stock in a fund with a portfolio of businesses. That's safer, but everyone knows the underlying business is still risky and you're a few extra bad risks or just strokes of bad luck from having your investment wiped out.

      I suppose you could try to hedge negatively correlated successes. Or go IPO quick, pump the stock, get out.... but neither of these kinds of things would pose systemic risks, even if the later is a con.

      I'm actually interested in ideas for how you could manipulate the system, but I can't think of any.

    4. Re:VCs don't pose any systemic risk by WaltFrench · · Score: 1
      There's no plausible reason I've heard or can think of to regulate VCs more closely.

      (aside) This is the problem with on-topic comments: they attempt to deal with the article as given, instead of spewing how insidious it is that Berkeley students have tuition paid by Mom & Dad. (/aside)

      The original quote, "...neither Geithner nor Ruffini understand deeply what venture capital is all about," appears to be based only on the argument by "Republican consultant" Ruffini. You expected a "Republican consultant" to say his party sucks for the Valley? Even on Ruffini's website, commenters call bullshit on the premise that (a) Obama / Geithner are trying to regulate VCs in a way that'd kill it, and (b) the premise that Republicans actually provide a better business climate for new ventures.

      This is an ideal way to have a debate: set up a total straw man claim, that can't actually be falsified. ("Geithner wants to...". Note: not "will," "would" or "can.") Put it before a politically naïve (vociferous, but mostly, naïve) group with few people who care to address the claims, and snag a few of the less affiliated to support your argument, never having seen a single fact. Pump up your supporters; call the opponents girly or sissy.

      I'm surprised I didn't see much in the above about the premise of how good the GOP actually is for venture business. Sarbanes Oxley was signed into law by a GOP president, after being passed through a GOP-controlled Congress. So if that's the problem with freedom of business, the Dems don't deserve a whole lot of blame. Second, VC totally dried up at the end of 2008 not because Mr. Obama had been elected to office, but rather as part of a disastrous collapse of our financial and business systems, overseen by a President & Fed who thought lack of regulation worked always and everywhere.

      Total scaremongering. Can't say it doesn't seem to have worked, though.

      --
      "Inquiring Minds Want to Know!"
  19. The demographics just say no. by Anonymous Coward · · Score: 0

    The Republicans won't take Silly Valley just because of simple demographics.

    In Santa Clara County, 36.8% of the population is foreign-born. 49.8% of the population 5 years or older speaks a language other than English at home. 39.1% of the population is non-Hispanic white, 29.6% is Asian, 25.4% is Hispanic. 43.9% of the population 25 or over are college graduates.

  20. Typical politics by AnalPerfume · · Score: 5, Insightful

    The Bush era GOP embraced the religious lunatics so much that the rest of America were eventually turned off by them and kicked them out of office. Like any ousted party, their ONLY role in life is to get back into power, which means fooling enough people who they'd turned off before to vote for them again. For this, they will try what the polls tell them they need to try, regardless of their real plans when they get back into power. Those plans will no doubt fall back to mirror the religious lunatics who can be relied on to "vote God". The same applies with the party in power, their ONLY goal is to stay in power. Beyond that, everything is false promises and rhetoric.

    I used to think the GOP were all about the rich, conservative middle / upper classes who seek to be allowed to profit from everything without any limitations, and let the poor carry the tax burden. I used to believe the Democrats were a slightly more socialist version of the GOP. I used to think Obamma would be willing to change a few things in the balance of corporation / government / people, but the more I see his decisions, the more I was right to think that the system IS broken and needs to be changed in favor of the tax paying US people.

    Politicians deal in speeches. Speeches talk AT the people, not WITH them. Speeches are pre-planned rhetoric carefully worded to mean many things to many audiences as well as written FOR a specific audience. Speeches are rehearsed and performed; not unlike actors on stage in a play. Actors play roles which are not them, doing stuff they wouldn't do, saying stuff they wouldn't say. It's performance lying....and politicians wonder why they are never believed.

    1. Re:Typical politics by try_anything · · Score: 1

      Um... congratulations? Or are you just trying to point out that the article should have been in Politics instead of News?

  21. GOP is captainless, rudderless, clueless by Anonymous Coward · · Score: 1, Interesting

    The eastern wing of the Republican party used to be a vibrant home of mavericks, statesmen, and swing voters. Now how many Congressmen and Senators from the entire northeast US are Republicans? And those pitiful numbers may decline even further in 2010.

    The first priority of the RNC should be restoring the vitality of the moderate wings of the party, especially on the two coasts. To make this happen, they need to take the party back from the talk show crowd, the party litmus tests and RINO gybes, and fundamentalist "God, Guns, and (anti) Gays" posturing of the last 15 years or so. Not that those folks don't belong in the party, but they should be a constituency (think of anti-war protesters and civil rights activists on the Democratic side) and not as the prime movers.

    1. Re:GOP is captainless, rudderless, clueless by EveryNickIsTaken · · Score: 1

      Wow, you make too much sense. Judging by what I've seen just this week, I thought their priorities were: 1. Rename the annual April 15th Tax Day protestors as a sexual euphemism, 2. Secede from the Union, 3. Pimp Chuck Norris.

    2. Re:GOP is captainless, rudderless, clueless by StopKoolaidPoliticsT · · Score: 1

      Translated: The Republicans need to be like Democrats. They tried that last year, running the primary candidate who most closely resembles the Democrats. And he got fewer votes than GWB did in 2004.

      The Republicans need to move farther to the right (the neo-cons aren't the far right, they're the authoritarian middle that will do anything domestically to promote their own power globally). Actually be the party of smaller government and with smaller government, promote more freedom.

      I live in NY. I'm pretty hard pressed to find a Republican here that is actually like the conservative base of the national party. After Pataki's gubernatorial terms, I couldn't tell whether he was actually a Democrat or Republican. He raised taxes, raised spending, clamped down on gun rights, etc. Spitzer and now Paterson are raising taxes, raising spending and clamping down on gun rights. Cuomo before Pataki was all about raising taxes and raising spending. Yet, you think the solution is more Patakis and Spendinators for the GOP. All you will do is chase the base further out of the party. If the GOP goes that route, you might as well call them the Whigs and we'll see you with a new party in 2016 or 2020.

      Wednesday, there were 250k or more working class people out there on a work day protesting high taxes AND high spending. I spoke here in Rochester and we did our best to focus the rally on the economic issues. Yeah, there were a few fringe people holding religious signs and whatnot, but at least 99% of the people there were there to voice their concerns over the way our government is going economically. There were people of every race, every income bracket, every age group and every party there. There is a huge groundswell brewing demanding fiscal responsibility. THAT is where the GOP needs to go and it stands in stark contrast to the moderate wing of the party (the wing that is glad to give you Medicare D, NCLB and TARP). It also happens to be where the "talk show crowd" happens to stand.

      Me? I'm an atheist, I oppose abortion and amnesty for illegal aliens. I'm a Constitutionalist and think federal spending needs to be in line with the Constitution (services need to be provided at the state level, not the federal level). I oppose federal welfare, be it corporate or personal. I oppose free trade. I see economic freedom to be as important as any other freedom because you can't be free if you aren't free to control your wallet. I don't vote on any single issue, but rather a combination of issues... however, I can count the number of Democrats I've voted for in the last 14 years on one hand because most of them are on the wrong side of issues I care about.

      I voted for Bush twice (lesser of two evils the second time but I actually believed in what he campaigned on the first time) but refused to vote for McCain last year because he's on the wrong side of too many issues (and I'm sick of voting for the lesser evil since it still promotes evil). If the GOP wants my vote back, they need to differentiate themselves from the Democrats, not solidify their position as Democrat-lite as you think they should. I want a party of a different coin, not simply the opposite side of the same coin. Based on my experience this week, there's a lot of people out there like me, some of whom have R, some D, some L, or some other and/or no party affiliation. The GOP will never find itself in power again so long as they don't re-establish an identity of their own.

      --
      Stop Koolaid Politics
  22. Why pick sides by osgeek · · Score: 4, Insightful

    If you strongly identify with the Democrats decrying Republicans or the Republicans decrying the Democrats, could you please just re-examine why you're allowing either of the two dominant political parties control you like a mindless sheep. These guys are pretty much all liars and using you. Until Americans think for themselves and hold office holders of all parties responsible for their actions, all the rest of this is cheering at a football game and useless for solving real problems.

    1. Re:Why pick sides by lofquid · · Score: 1

      We pick sides because one side more closely represents our views on the issues. Having lived in a nominally Communist country, the notion of party membership is far different in the U.S. Party membership here is far more a matter of choice than a calculation of reward vs. punishment. The party hierarchies here can't possibly gain the same level of fealty because their control of the state apparatus isn't nearly as unlimited. I understand a lot of frustration with the current semi-corrupt system, but how can opting out improve it?

    2. Re:Why pick sides by bar-agent · · Score: 1

      If you strongly identify with the Democrats decrying Republicans or the Republicans decrying the Democrats, could you please just re-examine why you're allowing either of the two dominant political parties control you like a mindless sheep. These guys are pretty much all liars and using you.

      Oh, sure, we know that. But there's a plan, see. We play one side off against the other (loyalists aside). That's easier to do with only two parties than with five.

      --
      i'd hit it so hard, if you pulled me out you'd be the king of britain [bash.org]
    3. Re:Why pick sides by osgeek · · Score: 1

      They tell you what you want to hear and then act in their own best interests. They're far better at playing us off against one another as identifiable groups of constituents than we are at playing them off against one another.

      Seriously, the only way to deal with them is to ruthlessly vote out any of them that don't work against their own self interests. Look for politicians that: institute term limits, reduce their own pay, curtail the powers of government, hold themselves to higher ethical standards, eliminate monopolistic practices in the market, maximize transparency of their decision making processes, etc.

      When they're doing these kinds of things, they're proving that they joined government to help the citizens of the nation and not themselves. The moment they turn away from these things, you know that they're going to the dark side and working against the citizenry.

    4. Re:Why pick sides by shentino · · Score: 1

      When politicians have tenure equal to their term of office and can only be ejected by the impeachment of their peers, it's hard for the voters to hold them accountable.

      1. Get voted into office
      2. Reveal your true colors and start keeping the secret promises you made to your pocket liners
      3. ???
      4. Profit!
      5. Laugh all the way to the bank with your pockets fattened by contributions, with the arrogant smugness you pick up from not answering to the public after you've been elected.
      6. Bonus: Talk like a snake and get reelected if the public doesn't get wind of step 2 by the time the next election comes around.

      The problem is that both sides are propped up by hardball playing corporate interests, while the politicians really do have nothing to fear from pissing off their constituents once they get their fat tushie comfortably seated in office.

      "vote the bastards out" doesn't work because often times the damage has already been done by the time their term ends, no matter how blue in the face the voters get.

    5. Re:Why pick sides by Eli+Gottlieb · · Score: 1

      I pick a side, and I pick it without acting like a "mindless sheep", because I don't share your guerrilla-warrior the-whole-world-is-against-me persecution complex and conspiracy-theoretic paranoia. Neither party is perfect (including my favored Greens and Democrats), but at any given specific time and place one candidate makes for a better government than the others. "They all suck equally" or "they are all liars" accomplish absolutely nothing, particularly because you've decided to just sit there in your comfy chair posting cynical comments on Slashdot instead of starting a better, more honest, more thoughtful competing political party right at one of the most opportune times.

  23. Ironic by MikeRT · · Score: 3, Insightful

    No, a lot of undergraduate white kids who have had mommy and daddy pay for everything and have never had any real life experience are libertarian leaning.

    Funny, I was just thinking the same thing about liberal kids who've never had to work a day in their lives at a serious job and seen entire double digit percentages of the money they need to live on getting taken away to pay for the government programs they support. It's easy to be a socialist when you aren't one of the productive members of society paying for the socialist state.

    1. Re:Ironic by h4rr4r · · Score: 2, Insightful

      Those are the same dumb kids friends.
      You will find the young and stupid at both ends of the political spectrum.

    2. Re:Ironic by h4rr4r · · Score: 0, Flamebait

      You do realize that the tax rates on those in top 5% were higher in 1940s-1980s than today, right?

      Trust me, no one in the top 5% has ever worked a hard day in their life.

    3. Re:Ironic by james_shoemaker · · Score: 1, Insightful

      > Trust me, no one in the top 5% has ever worked a hard day in their life.

          How many of the top %5 do you personally know? All the members of that group I personally know work much harder than I do. Way more hours away from family, way fewer leisure hours.

    4. Re:Ironic by Anonymous Coward · · Score: 0

      alright Che...

      You were sort of making some sense until you pulled out this over the top blanket statement. Hey I've got another couple you can throw out there, "Rich people don't earn their money, they steal it from us hardworking saps!", and "no one needs more than $150,000 a year to live. We should take the extra away from anyone that makes more than that and give it to poor people so we can have a fairer society!"

    5. Re:Ironic by mordred99 · · Score: 4, Informative

      Bill Gates, Warren Buffett, Michael Dell ... They never worked a hard day in their life? Color me impressed. I thought Michael Dell started Dell computers out of his Dorm room while in school. I thought Bill Gates started Microsoft in college as well. Warren Buffett started out in his grandfather's grocery store. I think everyone here would agree they are in the top 5%. I hate dumb blanket statements that people have never worked a hard day in their life when there is so much evidence to the contrary. I would agree that most people in the top 5% that earned their money through inheritance, did not work hard jobs. Please note I used the word most, not all.

    6. Re:Ironic by Sponge+Bath · · Score: 5, Informative

      ...no one in the top 5% has ever worked a hard day in their life.

      For 2006, top 5% = $153K+. That's good money, but people probably still work pretty hard in that range.
      Top 1% = $388K+. Still not necessarily idle rich.

      If you get 1 million plus a year in interest, dividends, capital gains, and tax payer bailouts then yes you are probably free of any calluses or stress.

    7. Re:Ironic by ZFox · · Score: 1

      "[...]the tax rates on those in top 5% were higher in 1940s-1980s[...]"

      Citation please? What type of tax rate?

      It wouldn't make a difference to me in the world if it was the marginal tax rate (not that it really matters to me anyways, since I'm not in the top 5%).

      If it is, though, removal of lower income tax payers from the tax base could be the cause of the "higher tax rate" you cite.

    8. Re:Ironic by h4rr4r · · Score: 1

      Ok, your right, but I was having so much fun with these kids.

      Fine, the top 0.01% never worked days hard labor.

    9. Re:Ironic by BitHive · · Score: 1

      Yeah that guy who cleans the bathrooms at the old folks home should work harder if he wants to succeed.

    10. Re:Ironic by microwave_EE · · Score: 1

      A heard somewhere that the majority of multimillionaires are first generation rich.
      I shall endeavor to find a citation.

      --
      I'll take you to the ball, Barbara Manitee!!!
    11. Re:Ironic by microwave_EE · · Score: 1

      I should have actually read the preview of my post before sending it off. That should have started off as, "I heard..."

      And the citation: The Millionaire Next Door by Stanley and Danko

      --
      I'll take you to the ball, Barbara Manitee!!!
    12. Re:Ironic by Calithulu · · Score: 1

      I'm in the top 2% and I used to hang tobacco for a living seasonally. The money from that partially paid for college.

      Oh, wait, I'm the exception and not the norm? Well maybe you shouldn't make broad and unsupportable generalizations that fail to prove your point. Oh, and thanks for smoking. You contributed to my education.

    13. Re:Ironic by Lemmy+Caution · · Score: 1

      I'm all for soaking the rich. (Well, for a sharply progressive income tax.) But a lot of the super rich have worked very, very hard and continue to do so. Even Paris Hilton, who fits in some ways the cliche of an "idle heiress," works very aggressively to build her brand and maintain her businesses.

      What I think the real irony of libertarianism is that they don't see how it is the classes that they think would benefit the most from a libertarian system - the middle and upper-middle classes - who are far more aggressive about protecting the state than the lower classes are. The state doesn't exist because it gives some entitlements to the poor: it exists because it creates a stable platform for the prospering of the middle classes.

    14. Re:Ironic by fabs64 · · Score: 1

      Taking nothing away from your point, but it's certainly interesting that two of those three are really very liberal.

    15. Re:Ironic by bwen · · Score: 1

      I earn top 5% income and have worked hard my entire life. This is such an asinine blanket statement, I don't even know where to start. Do you resent the kids who got into better universities, grad schools than you? Most people who succeed financially in the US do so from hard work. Maybe you have moved more sod or shoveled more snow than me, but I somehow suspect your liberal leanings are more a defense of your own ineptitude at being a provider.

    16. Re:Ironic by drsquare · · Score: 1

      I thought that Buffet was a trader, I'm not sure what they actually produce. It's basically making money by already having money.

    17. Re:Ironic by big_paul76 · · Score: 1

      What's interesting about Buffett is that he's also basically left-leaning in his politics. He favors regulation, and has expressed disgust over the fact that his secretary pays a greater percentage of her income in taxes than he does, and he supports the estate tax.

      So, I don't know if he's the right one to bring up in the context of libertarianism, even if he is a self-made billionaire. His politics don't seem to conform to the politics I hear self-described libertarians expound.

      --
      The plural form of "anecdote" is "anecdotes", not "evidence".
  24. I haven't found that by Trepidity · · Score: 5, Insightful

    In my experience, geeks are generally in favor of civil liberties, but also in favor of significant government provision of public services, such as high-speed rail, NASA, and funding for the National Science Foundation. Many also support significant regulation of markets, such as more vigorous enforcement of antitrust law, and institution of net-neutrality rules.

    1. Re:I haven't found that by Anonymous Coward · · Score: 0

      Is it funny or sad that I can't figure out what party would represent what you just said?

    2. Re:I haven't found that by Mr.+Underbridge · · Score: 5, Interesting

      In my experience, geeks are generally in favor of civil liberties, but also in favor of significant government provision of public services, such as high-speed rail, NASA, and funding for the National Science Foundation. Many also support significant regulation of markets, such as more vigorous enforcement of antitrust law, and institution of net-neutrality rules.

      I'm intrigued by your ideas and would like to subscribe to your newsletter.

      Seriously, that's me exactly. It doesn't fit the usual labels, so I call it "game theory politics." Namely, preserve people's rights to the utmost practical limit, and have government only involve itself in programs that would otherwise fail due to game theory considerations. Example: building roads is really bad if left to the individual to do ad-hoc. Building a space program requires such massive collaboration that it will never happen if left to individuals. People generally want clear air - but aren't willing to unilaterally buy a cleaner car if others won't. We all know that taxes are necessary to some extent, but try like hell to minimize our own burdens.

      To me, all those examples are where the majority of the individuals want a given outcome, but nobody wants to take the first step. Government is good at fixing that. Problems that a person can, could, or should solve on their own, no thanks. In particular, I really hate "the government is your daddy" taxes, and would opt out of Social Security in a second if I could.

    3. Re:I haven't found that by Rakishi · · Score: 3, Interesting

      Many also support significant regulation of markets, such as more vigorous enforcement of antitrust law, and institution of net-neutrality rules.

      That's a very specific type of regulation that is designed to encourage capitalism and competition rather than to limit it.

    4. Re:I haven't found that by frank_adrian314159 · · Score: 1

      I [...] would opt out of Social Security in a second if I could.

      You will want to opt out of Social Security in a second until you've paid into it for forty+ years and want some of it back out, it's ten years before your retirement, and the market has cratered. Of course, if you would also sign a document stating that we could let you starve in the street (with no complaint from you), should you run out of private funds after your retirement, we'd be OK with that, too.

      --
      That is all.
    5. Re:I haven't found that by Trepidity · · Score: 1

      Libertarians still oppose it, though. Of course, some libertarians do have an alternate solution, proposing we abolish corporations, who are the biggest reasons we would need anti-trust regulations in the first place.

    6. Re:I haven't found that by Anonymous Coward · · Score: 0

      Problems that a person can, could, or should solve on their own, no thanks. In particular, I really hate "the government is your daddy" taxes, and would opt out of Social Security in a second if I could.

      We still have to bridge the gap between 'should' and 'can.' No one likes having a bunch of homeless old people living on the street eating out of the trash.

    7. Re:I haven't found that by Firehed · · Score: 1

      I think geeks realize that certain things simply don't work or are terribly inefficient when done on a small scale (primarily infrastructure), but outside of those situations want the government to just get the fuck out of their life. And having seen situations like Microsoft's abusive monopoly (less so these days; instead we're seeing it much more with the telcos which are just duopolies in bed with each other), we accept that regulation of certain situations is the lesser of two evils, since the majority of large companies can't be trusted to not be evil of their own accord*. It's those situations when one entity is so damn big that is able to ignore the rules of the free market by completely eliminating competition - either by undercutting them (they have the finances to sell at a loss until the competition dies), buying them, or pulling some political bullshit because they can buy off corrupt politicians.

      Anyways, I don't think it fits under any one political party, since it certainly mixes elements from all sides. It's more idealist than anything else, since there are too many varying opinions from too many sides for it to ever be particularly effective, never mind that it would require pretty much a complete redistribution of power in the political system.

      *This is in part due to laws related to being a publicly traded company - they're legally obligated to generate value for their shareholders, even if doing so requires them to be Epic Douchebags(TM). Unfortunately, it's hard to attach numbers to moves of good faith since they only indirectly affect revenues.

      --
      How are sites slashdotted when nobody reads TFAs?
    8. Re:I haven't found that by mdielmann · · Score: 1

      Seriously, that's me exactly. It doesn't fit the usual labels, so I call it "game theory politics."

      I tend to just separate the elements and name them with conventional terms. I'm a civil libertarian, socialist government leanings, with a properly regulated capitalist economy. People can do whatever they want so long as it's not harming or risking harm to others; the government does a bit more than just those projects where central management make sense, because I believe that maintaining the welfare of the individual above a certain threshold helps maintain the welfare of the society; and while I like capitalism, it has a tendency to go rabid without a proper level of regulation.
      Once you accept the idea that citizen rights, government, and economy don't have to fall into the exact same bucket, it gets a lot easier to describe the elements with the traditional terms.

      --
      Sure I'm paranoid, but am I paranoid enough?
    9. Re:I haven't found that by MindlessAutomata · · Score: 1

      People can do whatever they want so long as it's not harming or risking harm to others

      Or engaging in economic transactions which you may perceive to be sub-optimal for yourself.

      If the economy requires regulation, it's because people are not thinking when they are patronizing companies. And if that's the case, what does that say about democracy???

    10. Re:I haven't found that by orclevegam · · Score: 1

      If I could get back all the money I've put in, I'd happily sign that document. I've seen what the government does with those funds and I'm not impressed. Personally I fully expect that by the time my turn comes around to collect I'll be lucky to receive even 10% of what I've paid in.

      --
      Curiosity was framed, Ignorance killed the cat.
    11. Re:I haven't found that by Walkingshark · · Score: 1

      If you look, you see that geeks tend to want efficient use of resources. Sometimes this means a government run program. Sometimes private. Sometimes a hybrid. Thats why it is so hard to pin us down. We disagree on a lot of the details on any given subject, which is where you see a lot of the argument here, but generally from what I've seen a vast majority (90%+) of slashdot folks want resources used efficiently while preserving individual liberty as much as is reasonable.

      With the usual caveats about who defines efficiency and reasonableness.

      --
      The world you experience is only a close approximation of reality.
    12. Re:I haven't found that by roman_mir · · Score: 1

      Of course, if you would also sign a document stating that we could let you starve in the street (with no complaint from you), should you run out of private funds after your retirement, we'd be OK with that, too.

      - where the hell do I sign?

      (I am almost with the GP, except that I disagree on the government 'providing' any public services.)

    13. Re:I haven't found that by Idiomatick · · Score: 1

      "Free buses, shelter, and health care are specific types of regulation that are designed to encourage capitalism and competition rather than to limit it."

      I completely agree with you. If people are too poor to get cleaned up and get to work they are not competitive employees. Nor are they competitive in creating businesses. If you cannot get to work it hurts capitalism. If you are too sick to work it hurts capitalism.

    14. Re:I haven't found that by ZFox · · Score: 1

      I don't understand that. Why couldn't or wouldn't private companies use the same monopolistic tactics as corporations?

      ...or did you mean this definition?

    15. Re:I haven't found that by BitHive · · Score: 1

      Ah yes, the "human beings are avatars of pure rationality" argument for unfettered free markets. Yawn.

    16. Re:I haven't found that by Mazcote+Yarquest · · Score: 1

      We still have to bridge the gap between 'should' and 'can.' No one likes having a bunch of homeless old people living on the street eating out of the trash.

      Agreed, but when/where do we assign personal responsibility? I have made bad decisions in my life and always pay the price. I refuse to be held accountable for every on else's mistakes as well, I am having enough troubles dealing with my own thank you!

    17. Re:I haven't found that by Dragonslicer · · Score: 1

      Is it funny or sad that I can't figure out what party would represent what you just said?

      There really isn't one in the United States. Kucinich would probably be the closest Democrat, but he's a fair amount more socialist and libertarian (in the social issues sense) than most of the rest of the Democrats. I hear that quite a few countries in Europe have real political parties that are like that, though.

    18. Re:I haven't found that by MindlessAutomata · · Score: 1

      No, just the opposite--I'm arguing that human beings are very irrational. I'm taking that to its logical extension--what does that say about our very foundation of government!?

      If human irrationality is an argument against free markets because people will make bad economic decisions, doesn't that also apply to political ones? I think it does.

    19. Re:I haven't found that by Dragonslicer · · Score: 1

      It would be called either socialist libertarian or left-wing libertarian. Socialism and libertarianism aren't really opposites, but orthogonal. Socialism is an economic view, and the opposite is capitalism. Libertarianism is more of a civil issues view, and the opposite is authoritarianism. Just like you can have both communist (the extreme of socialism) and fascist (the extreme of capitalism) dictatorships, you can have both socialist and capitalist societies that support civil liberties for all people.

    20. Re:I haven't found that by m50d · · Score: 1

      Of course there are flaws in a democratic government - hence representative rather than direct democracy. Yes, there are still flaws in that - and if you have a way to mitigate them by all means suggest it. No-one's claiming our government is perfect, just that it's better than the alternatives.

      --
      I am trolling
    21. Re:I haven't found that by MindlessAutomata · · Score: 1

      You miss my point. People do not allow for flaws in free-market capitalism, which is far more representative of inhibited personal choice than anything else--yet once you speak of government, there's nothing wrong with admitting its imperfections.

    22. Re:I haven't found that by blind+biker · · Score: 1

      I call it "game theory politics." Namely, preserve people's rights to the utmost practical limit, and have government only involve itself in programs that would otherwise fail due to game theory considerations.

      This is genius - and I have been thinking along the same lines but didn't articulate it quite as well.

      Is this when one says the "newsletter"-thing? I didn't quite catch up to that meme.

      --
      "The agriculture ministry is not in charge of Gundam" - Japanese ministry official.
    23. Re:I haven't found that by bit01 · · Score: 1

      If the economy requires regulation, it's because people are not thinking when they are patronizing companies.

      Please grow up.

    24. Re:I haven't found that by dunkelfalke · · Score: 1

      sounds rather like standard european social democrat, on the paper.

      --
      "It's such a fine line between stupid and clever" -- David St. Hubbins, Spinal Tap
    25. Re:I haven't found that by Trepidity · · Score: 1

      One argument is that it would be much harder to do so, at least on a large scale, without the scaffolding of corporate law. Note that the anti-corporation argument means all corporations, including privately-held ones; i.e. abolish corporate law and the "incorporated" status entirely. It may be possible to recreate a monopolistic mega-entity via partnerships and contract law, but it would certainly be more difficult, especially if there were also no concept of corporate personhood or limited liability. Basically, force everyone to do business as themselves, in their personal capacity, and it becomes much more difficult to create large, collectively-operated entities, because few people would voluntarily sign up for one of those collectives without the shield of corporate law keeping it at arm's length from their personal life.

    26. Re:I haven't found that by TheRaven64 · · Score: 1

      I can't think of one in the UK. The Liberal Democrats used to have policies I agreed with a decade or so ago, but now they are just Labour Lite and New Labour is Old Conservative so we have three almost indistinguishable political parties. From what my French and Italian friends tell me, things aren't much better in their countries either.

      --
      I am TheRaven on Soylent News
    27. Re:I haven't found that by felix+rayman · · Score: 1

      if you would also sign a document stating that we could let you starve in the street (with no complaint from you), should you run out of private funds after your retirement, we'd be OK with that, too.

      I wouldn't be OK with that. The issue isn't that someone might complain when they are starving in the street, the issue is that no matter how idiotically someone has conducted themselves, the public as a whole is not going to let them starve in the street, whether they complain or not.

      Social Security prevents psychopaths (those who find it acceptable when someone in a wealthy country where people are paid to not grow food starves to death in the street) from being free riders on the backs of those with a conscience.

    28. Re:I haven't found that by Mr.+Underbridge · · Score: 2, Insightful

      I wouldn't be OK with that. The issue isn't that someone might complain when they are starving in the street, the issue is that no matter how idiotically someone has conducted themselves, the public as a whole is not going to let them starve in the street, whether they complain or not. Social Security prevents psychopaths (those who find it acceptable when someone in a wealthy country where people are paid to not grow food starves to death in the street) from being free riders on the backs of those with a conscience.

      Actual, honest-to-God starvation in this country hasn't happened in this country for decades, so save the guilt trip. This is America; even the homeless are fat as often as not. What we're doing now is creating a cradle-to-grave system in which the government takes half your income so it can make your decisions for you. We have state-mandated pensions (Social Security) whose benefits increase at a time when the number of retirees/worker is ballooning. We're well on our way to socialized medical care. I'm a big boy; I can make my own decisions. Save that crap and get your hands off my paycheck.

      Also, that's precisely what I meant by the government being your daddy - I don't want to be part of your social insurance program. if you feel compelled to donate to our bloated and demonstrably ineffective welfare state, go ahead; simply remove it from the tax code so I don't have to.

      Just to appease the "we can't let people starve!" crowd, I'm fine with the government making available 2000 cheap, bland, nutritionally balanced calories to anyone who wants it. Should cost about $1/day/person. I'm guessing such a program would be taken advantage of by about a few hundred thousand people per day (probably much less), costing the average taxpayer $5/year. I'll trade that out for our appalling food stamp program, which is riddled with fraud.

    29. Re:I haven't found that by Attila+Dimedici · · Score: 1

      You do realize that the elderly are by far the wealthiest demographic in the U.S., don't you?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    30. Re:I haven't found that by Captain+Nitpick · · Score: 1

      I call it "game theory politics." Namely, preserve people's rights to the utmost practical limit, and have government only involve itself in programs that would otherwise fail due to game theory considerations.

      This is genius - and I have been thinking along the same lines but didn't articulate it quite as well.

      Is this when one says the "newsletter"-thing? I didn't quite catch up to that meme.

      While it is often used sarcastically, this would be an appropriate genuine use. As it so happens, his ideas are also intriguing to me and I wish to subscribe to his newsletter.

      --
      But then again, I could be wrong.
  25. If it was only about economy... by iamacat · · Score: 1

    Maybe they would have a chance. After all, silicon valley has lots of well off people who probably don't like getting taxed. I personally would prefer some compromise between democratic, republican and liberetarian philosophies on economy. I think all of them have a point and any extreme fails in real world.

    However, to join the republican party, you have to subscribe to the whole package - particular brand of Christianity, social values, pot prohibition, use of torture, prosperity for starting wars, support for outsourcing, global warming denial. 90% of silicon valley residents would find at least one part of the thing more objectionable than paying a little more taxes in exchange for government leaving your private life alone and reining in your employer to some degree. Most immigrants are Hindu, Buddist or agnostic rather than Christian. For that reason alone, they would be inclined to support party whose nominee includes them in the inauguration speech rather than one who is pushing another religion.

    1. Re:If it was only about economy... by dave562 · · Score: 1
      social values, pot prohibition, use of torture, prosperity for starting wars,

      The word you are looking for is propensity.

    2. Re:If it was only about economy... by EveryNickIsTaken · · Score: 1

      Used in a sentence: George W. Bush created much prosperity for Blackwater and Halliburton by starting wars.

    3. Re:If it was only about economy... by dave562 · · Score: 1

      "Prosperity for war." does not make any sense. Perhaps if you were to consider using, "Generating prosperty FROM war." you might be onto something closer to proper English.

    4. Re:If it was only about economy... by colinrichardday · · Score: 1

      Don't you have to generate wealth (prosperity) before you can waste it on war? If the original poster had said "funding for war", it would have made sense.

    5. Re:If it was only about economy... by dave562 · · Score: 1

      For almost as long as civilization has been around, people have been waging war to gain prosperity. From the empires back in the day waging war in the "New World", to the United States waging war in Iraq to control the resources, there isn't a shortage of examples of humans waging war for profit.

    6. Re:If it was only about economy... by Peji · · Score: 1

      Yes, but the well-off people of SV mind being FLEECED more than they mind PAYING TAXES; have you checked your 401K recently? The GOP obtained its power to impose an Ayn Rand-style economic ideal by manipulating religious fundamentalists. Karl "I'm not fortunate enough to be a person of faith" Rove is only about power and stashing cash, not religious social values.

  26. And now for some deep thoughts... by dziman · · Score: 1
  27. Cianfrocca is right... by Anonymous Coward · · Score: 0

    I think Cianfrocca is right. The next tech bubble is going to be this so-called "greentech", which is highly dependent on government regulation and subsidies. The last bubble (internet and software) had very little to do with manufacturing physical product and, hence, real science and engineering. It attracted many "fluff" people (who tend to vote liberal-left). The greentech bubble will attract many more of these fluff people.

    Also, the finance people have changed as well. The original VC's (of the 70's and 80's) were successful entrepreneurs. The big seachange was in the 90's when the investment banks and financial MBA types got into the game. Often being of East coast "blue blood" pedigree, these people tend to have a more East coast liberal outlook.

  28. Re:We won Nigger-hater live with it by LWATCDR · · Score: 1

    If people like you really did win then it is the end of hope.
    What can I say to such a towering intellect and example of open mindedness?
    Too bad I actually think that the president is doing an okay job. Not great but okay and that I tell a lot of people on the right that they are being unfair to judge him yet since he really is just getting started.
    I just hate all politics on slashdot. Right and left... In fact posts like yours are why I hate any political post on Slashdot.

    --
    See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
  29. Hold on there fella! by Anonymous Coward · · Score: 0

    Whoa whoa whoa, this "sound fiscal move" of yours to actually try and turn around the deficit sure sounds like "socialism" to me. Why should we spread the wealth to our creditors?! It's our money now!


    Giving our money away...who do you think we are, China?

  30. Venture Capital isn't doing its job by Dripdry · · Score: 3, Interesting

    I'd like to bring the idea of venture capital firms into focus for a minute, and I think it may be important to Slashdot.

    http://blogs.harvardbusiness.org/haque/2009/04/asleep_at_the_wheel_of_creativ_2.html

    It *is* harvard business school, so perhaps a grain of salt is required.

    Although others may not agree with me, there is an important point in both the Democrat article linked by the summary and in the link above: Venture Capital is not a systemic risk to the financial system. Why? The articles disagree on that point, but I tend to think they are not doing what they are supposed to, and the reason why they aren't might be worthy of a moment of cogitation (or whatever).

    Haque makes the argument that one major reason the downturn has been so bad is that VCs have not done what they are supposed to for the last 15-odd years: Invest in risky technology and bring in the new companies/ideas as the old ones crumble, not try to be completely safe and make a a gazillion dollars! The new technologies, processes, and ideas that are supposed to sweep in and replace the old broken ones (is there anyone to replace GM, Ford, and Chrysler, for instance?) are not here, they're 5-10 years out, such as Tesla Motors. Venture capital is supposed to be the creative force behind our economy (please argue with me here), while the market determines the worth of the product created and ultimately leads to the destruction of companies that do not pass muster.

    The reason we had this bubble is because there was no real blockbusters worth investing in. Something had to be mocked up to look like a good investment, not only Real Estate, but things like social networking sites. There was even a recent Slashdot article, I believe, on Facebook's issues. Why are we pouring money into things like this (I'll cover my opinion on that in a moment)?

    Haque's argument also states that America was the only really booming economy in the world for the last 100 years because it was the only real venture capital country. I'm not sure I completely agree (it's obviously more complicated than that) but I wonder if the point isn't partly true. By deciding to not take big risks in technology and science, by not funding the education necessary for people to actually take those risks, and by creating a culture where style matters over substance, perhaps the state of Venture Capital firms (and even silicon valley) is a reflection of the mindset that has led to the current economy.

    In that regard, I'm not sure any political party should really want to control them. How innovative are they really going to be without visionaries willing to take big risks for their visions?

    Yes, I know there are visionary benefactors out there, but if there's a discussion to be had surrounding VCs should we tie it back into innovation since this is Slashdot?

    Are there any people here involved marginally with VC (I know I have been recently and have a story for another post) that can give us some perspective?

    --
    -
    1. Re:Venture Capital isn't doing its job by Dripdry · · Score: 2, Interesting

      http://blogs.harvardbusiness.org/haque/2009/01/asleep_at_the_wheel_of_creativ_1.html
      Here is the original, unsummarized version. Sorry 'bout that.

      --
      -
    2. Re:Venture Capital isn't doing its job by Anonymous Coward · · Score: 0

      the Democrat article

      Rush? Is that you?

    3. Re:Venture Capital isn't doing its job by blurryrunner · · Score: 1

      IANAVC, but know a few things about venture capital and private equity.

      To state it plainly, the goal of venture capitalists is to invest money and make a return. There's nothing that they are "supposed to do." This isn't bad or good any more than buying bonds is bad or good. VCs specialize in looking at ideas and funding the promising ones. They put together a pool of money from people that believe in their skill to choose winners. After they put that pool together, they have to get the money out and invest it. After they invest it, sometimes they step in and provide additional assistance to make sure that they get a return for the people that invested the money. This behavior has the effect of stimulating innovation.

      VCs are often painted as bad buys because of the changes they make to companies that are disagreeable. They have also received more scrutiny lately because they have been able to operate in a tax loophole that allowed their earnings to be taxed at a lower rate (iirc, their income from gains were taxed as investments at the capital gains rate and not as regular income). Not renewing the Bush tax cuts has the effect of removing this loophole.

      I think you're on the right track on not having blockbusters to invest in. In a general sense, I think that investment opportunities began to become more scarce. There were more dollars following fewer investments. This caused the price of the investments to rise and which caused the value on the investments to kind of rise like inflation. Since there was more demand for real estate for investment, the prices rose.

      Just my 2 cents. /br

    4. Re:Venture Capital isn't doing its job by Anonymous Coward · · Score: 0

      I'd say the missing piece of your argument is the decline of a fundamental part of the industrial lifecycle/ecology: basic R&D. This used to be a shared responsibility between industrial and academic R&D labs. In the last couple of decades, the industrial side has disappeared completely, leaving an underfunded academia to try to take up the slack. Without robust basic research funding, there is a growing gap between when an idea is demonstrated in a lab and when it reaches sufficient maturity for commercialization. Late stage research/Early-stage startups need to be nurtured, and there is nobody left to fund it.

    5. Re:Venture Capital isn't doing its job by weston · · Score: 1

      To state it plainly, the goal of venture capitalists is to invest money and make a return.

      That's certainly one goal, but it's not the only goal for everyone involved. Some of them also find that it's more personally rewarding to chase particular technologies or personal stories that interest them. It makes some sense, too: once you have a certain amount of money, it makes a lot of sense that finding a certain meaning in your actions might be of higher personal utility than... more money. And being part of the story of real innovation that drives human productivity might be one choice.

      This isn't to say that we should mandate this kind of behavior for VCs: it probably should remain their privilege to choose to chase profit alone if they wish (and some kinds of funds may *need* that focus), and some measure of good will come from that too. But I also think it's dangerous to reinforce the idea this should be their only focus, when by making different decisions, they might well be a part of driving real progress.

  31. Re:We won Nigger-hater live with it by Anonymous Coward · · Score: 0

    samefag

  32. Separate VC fro Private Equity by PPH · · Score: 1

    These are two very different entities. 'Venture Capital' supplies risk capital to start up firms and should be left alone. The private equity groups that need regulating are the ones who scraped the low risk mortgage-backed paper out of the banking system, leaving them with the garbage. We need to know who these people are, what they are up to, and whether there is any collusion between them and the banking industry.

    Unfortunately, we don't have a good way of separating the VC investors from the bad guys in a legal or regulatory sense. From the law's point of view, they are all private equity. So the VC people are going to have to open their books to the point that regulators can see that they are not in fact fiddling around with screwball securities schemes. Or benefiting from bank bailouts. More regulation and/or reporting requirements are never welcomed by any group without reservations. But the VC investors should welcome the opportunity to distance itself from these other 'investors'.

    --
    Have gnu, will travel.
  33. Re:We won Nigger-hater live with it by Anonymous Coward · · Score: 0

    you sound like a fag

  34. There's a Clinical Name for It by RobotRunAmok · · Score: 4, Funny

    Psycho-Sociologists refer to it as "The Ayn Rand Phase."

    1. Re:There's a Clinical Name for It by fabs64 · · Score: 1

      Can anyone explain to me why Ayn Rand is so freaking influential? I keep reading the books in an attempt to see things from the other side but all I ever seem to come away with is "that was a crap book".

    2. Re:There's a Clinical Name for It by Sage+Gaspar · · Score: 2, Informative

      It's a heavily romanticized version of their philosophy. The CEOs in Atlas Shrugged are the epitome of humanity and happen to provide the major innovation behind their companies in addition to being incredible managers. Before the big evil moustache-twirling government steps in, their goals are entirely centered around the long term success of their companies. When everyone else in the world manages to screw it all up, they take the ultimate ironic revenge by copying the insidious unions that had foiled them, going on strike and heading to a utopian valley where they can practice their philosophy in peace without the Man keeping them down. Naturally without the CEOs, the outside world goes down in flames. Ostensibly they emerge as saviors to restart society some years later.

    3. Re:There's a Clinical Name for It by drsquare · · Score: 1

      So basically, it's just stroking the egos of the rich for hundreds of pages? I suppose no-one ever lost money telling people what they want to hear.

      I tried reading the book, but it's so badly written I couldn't get very far into it at all.

    4. Re:There's a Clinical Name for It by AtlasBatterie · · Score: 1

      Psycho-Sociologists refer to it as "The Ayn Rand Phase."

      It's a phase you supposedly get over when you mature as an member of society and realize that it's okay to force people to do what's best for them, and you can still call it freedom because hey, free speech costs nothing and words have no meaning, so let's twist 'em.

      Probably why she had no use for psycho-babble. It's true that psychology plays a role in our lives, but the fact that I'm completely fucked up doesn't give me a right to your money.

      And by the way, I'm beyond poor. Right now my retirement plan is to die and leave my Amex bill to my ex before the divorce is final. But I won't take your money, unless you offer it.

      Why work to better myself when, if I cure cancer, I'll be called evil for charging so much as a nickel when clearly so many people with cancer can't afford the nickel.

      Oh yeah, I should charge a million to the billionaires, and a nickel to everyone else. That's fair, and won't impact the creation of goods and services.

      In this scenario, the hero is called a murderer for "withholding the cure" that didn't exist prior to the callous murderer's hard work.

      And the really funny part is, Ayn Rand was well aware of the smug, above-it-all, dismissive nature of many of her critics, who substitute education for wisdom, which is why you get this year's Ellsworth Toohey award. I guess I'm not getting the funny insightful nod in this group...

      I don't want to live in a civilized country, because I want there to be services available when I actually have some money to purchase them.

      Ayn Rand did an amazingly fine job of showing exactly how the dynamic of greed, manifested honestly, benefits society as a whole, but so few even among those who've read her are capable or willing to understand it.

      By the way, she wasn't nearly as good at making her point in the Fountainhead, which I found disappointing after starting with Atlas Shrugged, which I tried to avoid understanding but simply couldn't. Her reasoning is simply too solid, so I'd have to shed every ounce of morality possible to me to diss it.

      But hey, what's a little force if it's for someone else's own good?

    5. Re:There's a Clinical Name for It by AtlasBatterie · · Score: 1

      The CEOs in Atlas Shrugged are the epitome of humanity...

      Au contraire...

      There were plenty of evil CEO's in her novels. They were the ones who decided they didn't want to compete honestly in the marketplace and so went to the government openly (for bailouts) and undercover (with bribes) to even the playing field "for the little guy".

      Good thing we don't that happening today.

    6. Re:There's a Clinical Name for It by AtlasBatterie · · Score: 1

      Oops. I meant to say "Good thing we don't see that happening today."

      Lest someone think I'm purposefully ignorant and therefore morally superior.

    7. Re:There's a Clinical Name for It by ultranova · · Score: 1

      When everyone else in the world manages to screw it all up, they take the ultimate ironic revenge by copying the insidious unions that had foiled them, going on strike and heading to a utopian valley where they can practice their philosophy in peace without the Man keeping them down.

      That, actually, is the part of Randian philosophy I've never quite understood: why do they hate labour unions so much? Aren't the unions simply a free association of people working for their own good, and thus pretty much a textbook example of Randian heroes? Or is greed only good if it's by a corporate CEO?

      Me is confused.

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

    8. Re:There's a Clinical Name for It by ericrost · · Score: 1

      Oy vey. Grow up and realize that the good of society is your own personal good as well. Stop living in your gated community and all of a sudden, the rest of the community doesn't look so scary.

    9. Re:There's a Clinical Name for It by ericrost · · Score: 1

      Its because she escaped at a young age from a really screwed up USSR where Labor Union == Socialist Party (which isn't THAT far from the truth in the root of UNSKILLED labor unions in the US [see wikipedia on the UAW for some interesting reading]).

  35. Twitter? by Anonymous Coward · · Score: 0

    From the article:

    "Good luck creating Twitter or Facebook in any industry as tightly regulated as the auto or banking sectors in the Age of Obama. (...) Virtually every successful technology startup in the last 20 years has been funded through VCs..."

    Wasn't Twitter founded without VCs? Hmmm...

    m

  36. Why is it still called "Silicon Valley"? by Anonymous Coward · · Score: 0

    Is there any Silicon in "Silicon Valley" anymore? I saw a really bad James Bond movie from the 80's where the evil plot was to flood Silicon Valley. The Villain said that would wipe out 85% of the semiconductor industry. How much is there now? Would anybody care?

    1. Re:Why is it still called "Silicon Valley"? by hguorbray · · Score: 1

      Well, there are Intel, AMD, LSI logic, SANdisk, Sun, Cisco, IBM research and HP in the Santa Clara Valley for starters.

      and I think someone would notice if they all quit making chips....

      It's true that the fabs are mostly elsewhere, but the chips are designed and the fabs are managed from here.

      I'm just sayin'

    2. Re:Why is it still called "Silicon Valley"? by Anonymous Coward · · Score: 0

      It's true that the fabs are mostly elsewhere, but the chips are designed and the fabs are managed from here.

      I think to say "the chips are designed .. from here" is a huge stretch. I think that mostly that has moved elsewhere as well. I am sure there is still some design done there.

  37. Someone remind me ... by C0C0C0 · · Score: 1

    What is exactly does the Republican Party stand for these days? I know fiscal restraint and states rights are out of vogue now so, seriously, besides their hatred of Obama, how can you tell a Republican from a Democrat?

    --
    You are totally blocking my view of the wall. - Dogbert
    1. Re:Someone remind me ... by EveryNickIsTaken · · Score: 1

      Unlike Democrats, apparently no Republicans know the real meaning of the term 'Teabagging'.

    2. Re:Someone remind me ... by JesseHathaway · · Score: 1

      Excuse me, but it's only been Democrats who are calling exercising the First Amendment by derisive sexual terms, right? Oh, sorry, you were trying to be cute by continuing the practice started by Matt Tabibi, Rachael Maddow, and Markos Moulitsas. My bad.

  38. Forty years in the wilderness - this is their fate by WillAffleckUW · · Score: 1

    The sooner they get out of our faces, the sooner we can forget how much they hate America.

    Until then, I doubt they'll do well anywhere, except for states that still have low education levels and gullible fools willing to vote against their own economic interests.

    --
    -- Tigger warning: This post may contain tiggers! --
  39. A couple of words about Berkeley by feranick · · Score: 2, Informative

    The University of California, Berkeley is one of the cheapest public universities you can attend. For that reason, claiming that only rich kids go to Berkeley, or simply comparing them to the peers that go to Harvard is not only a stretch, but a lie. Many students I know at Berkeley (yes, I am a research associate there) are paying their way through college, since it's actually quite affordable.

    1. Re:A couple of words about Berkeley by MindlessAutomata · · Score: 1

      As before, I am corrected; my main point that universities tend to be staunchy liberal, however, stands. Libertarians do not dominate -anywhere- in academia, state colleges to ivy league.

  40. Just another special interest group by wsanders · · Score: 1

    Everyone I've ever met who is a Libertarian is either in it for the guns, for the dope, the right to drive like an asshole without getting ticketed, or is just plain batshit crazy. It's just another special interest group.

    Silicon Valley votes for competence, the ability to deliver, and little else. There have been rising stars, like Tom Campbell. But Republicans have more or less disowned them as they sink into their own self-made mess of incompetence, corruption, and general ridiculousness.

    --
    Give a man a fish and you have fed him for today. Teach a man to fish, and he'll say "WHERE'S MY FISH, YOU IDIOT?"
  41. Governed Markets by Doc+Ruby · · Score: 1

    We, the people, form a government to protect our rights. Like our rights to compete in a market. Without that government opposing business monopolies and otherwise policing the market, it looks like the market in Mogadishu, Somalia. Ron Paul should run for office there - or consultant to a warlord, which is what people like him do for a living in "libertarian" societies.

    --

    --
    make install -not war

  42. Re:no surprise by Anonymous Coward · · Score: 0

    Whow Would Jews Vote For.

  43. Re:no surprise by h3llfish · · Score: 0, Flamebait

    Nope, they don't. They just do things like amass huge amounts of wealth by inventing the PC, Internet search engines, and iPods. What is it that the conservatives do again? Oh yeah; start wars, invent Walmart, inhale exhaust fumes at NASCAR. I'll go ahead and remain a hippie, thanks. Ya'll can keep Sarah Palin and Heidi Montag!

    Silicon Valley will never be a GOP stronghold, because creative people are rarely conservative. And this town is fueled by creative people, because without them it would no longer be Silicon Valley.

  44. Tim Geithner by reidiq · · Score: 1

    What a tool.

    --
    Sig? No thanks. I don't smoke.
  45. Deregulation is the problem? by DesScorp · · Score: 1

    The "business as usual" thing is what got us all into this economic mess in the first place. I don't see what the problem is with a little more regulation of all things financial. Sure, it may suck for a little while, but it's the price we have to pay for 30+ years of financial shenanigans.

    I keep seeing this silly meme... about how deregulation is the problem in finance. You are aware that finance is by far the most heavily regulated business sector in America, right? All those thousands and thousands of pages of regulations didn't stop this, so we need... more regulation?

    Specifically, tell me what was de-regulated that caused the housing implosion? The repeal of Glass-Steagall? That simply let bank holding companies (that's regular banks, to most folks) buy and sell stocks and bonds... which is what they're doing now anyway, now that banks bought out all the big finance firms... with the blessing of both the Bush and Obama Administrations.

    So, tell me which particular de-regulation did this again?

    --
    Life is hard, and the world is cruel
    1. Re:Deregulation is the problem? by Eli+Gottlieb · · Score: 1

      I keep seeing this silly meme... about how deregulation is the problem in finance. You are aware that finance is by far the most heavily regulated business sector in America, right? All those thousands and thousands of pages of regulations didn't stop this, so we need... more regulation?

      Regulation is a qualitative issue, not a quantitative one.

      Specifically, tell me what was de-regulated that caused the housing implosion? The repeal of Glass-Steagall? That simply let bank holding companies (that's regular banks, to most folks) buy and sell stocks and bonds... which is what they're doing now anyway, now that banks bought out all the big finance firms... with the blessing of both the Bush and Obama Administrations.

      I'd pretty easily pin it down to the repeal of Glass-Steagal the allowance of banks giving liars' loans.

      Your argument here appears to read "Glass-Steagal's repeal can't have caused the problem, because after it happened the predicted negative effects of repealing Glass-Steagall occurred anyway."

  46. You know Slashdot's mod system is fucked by Anonymous Coward · · Score: 0

    when you see someone get "-1 insightful" all the time.

    We need something to filter posts and ignore the downmods, if nothing else for things approaching politics where the left wing downmods sensible posts as "troll" to enforce the groupthink.

  47. Geithner? Understand? by Old+Sparky · · Score: 0

    Apparently he can't understand the tax code. And he runs the treasury...

  48. Errant department tag by damn_registrars · · Score: 1

    From the prepare-for-pudge-rage dept

    That tag doesn't really apply here. Or at least, not to this specific discussion. Pudge keeps his political discussions to his journal, where he can squelch a long list of people he disagrees with. If he posted here, those people could reply to him and point out the problems in his arguments.

    --
    Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.
  49. Compensation shouldn't be for "working hard" by Estanislao+Mart�nez · · Score: 1

    You do realize that the tax rates on those in top 5% were higher in 1940s-1980s than today, right? Trust me, no one in the top 5% has ever worked a hard day in their life.

    Other people have pointed out the problem that the 5% figure leads to in this case, and the problem that many of the ultra-rich did work pretty hard. I'll point out something different, but which I think is more important: you're implicitly assuming that how much somebody's paid should depend on how hard they work. That would be a really, really bad thing to do, because it provides a perverse incentive for working hard instead of working smart.

    This is not to say that there aren't plenty of good arguments against the concentration of wealth that prevails in our society. All I mean here is that the one you're using here sucks.

  50. Re:I don't think so... by colinnwn · · Score: 2, Insightful

    "extreme political views of all stripes are most often held by those whose beliefs have not yet been challenged by real-world experience."
    I'm with you.

    "Most often this is due to youth and inexperience,"
    You lost me.

    Might be more true of libertarians and liberals, but have you looked at some of the raving Neo-Con lunatics on TV? Most of them are old gasbags with lots of the wrong kind of life experiences.

  51. Re:Not at all... by colinnwn · · Score: 1

    "that's good old-fashioned left-liberal."
    No way. He/She is a social libertarian/fiscal liberal.

  52. An anarcho-capitalist doesn't believe in loans? by weston · · Score: 1

    I myself know an anarcho-capitalist that doesn't go to college because he can't fund it himself, and because he adamantly refuses to take federal aid as he would be taking far more than he has paid into the system with.

    Presumably we're talking about a smart person here, given that Anarcho-capitalists tend to be smart (if somewhat blinkered). What about scholarships?

    What's their objection to loans? They're a pretty big staple of standard capitalism, often allowing both parties to profit if they're done in good faith.

    There's also a lot of education options that are considerably more affordable than, say, Stanford or Harvard. At the community/state college level, you can find options that are affordable enough to manage working part-time (full-time summers) and going to school.

    All in all, I don't think that not wanting to take state-funded grants is a particularly strong excuse for avoiding college.

    1. Re:An anarcho-capitalist doesn't believe in loans? by MindlessAutomata · · Score: 1

      Government loans. Not "loans." I'm talking FAFSA. You're right, they have no objection to the existence of loans whatsoever (you'll see this when someone argues that rich people with all their money in the bank contribute nothing to society--in fact, that money is being used to back loans!)

      All in all, I don't think that not wanting to take state-funded grants is a particularly strong excuse for avoiding college.

      Heh. If a libertarian argues against something they benefit from, they're a hypocrite. If they argue against something they don't benefit from, they're selfish or stupid. There's really no way a libertarian can win, can they?

      Anyway, the person in question I'm talking about is saving up money to go, but his job cut back hours and he is looking for a new one. He's not at all a rich kid, he's not well-off at all. He's far, far, far from one of the "rich wolves" in your sig, he does blue-collar work. The libertarian focus isn't about trying to find excuses to keep everything you have (again, I will stress that the type does exist) but simply maximizing individual freedom.

      I suspect, but cannot prove, that a lot of libertarians are wary of taking on debt themselves much as they bemoan the national debt. Libertarians, I've seen, are more the type to save up their money.

    2. Re:An anarcho-capitalist doesn't believe in loans? by weston · · Score: 1

      Government loans. Not "loans." I'm talking FAFSA.

      See, I'm not even sure I get the problem with government loans. I'm not a libertarian, but I see the heart of libertarian philosophy as being against societal compulsions and, more particularly, the use of force by the state to back them up. A loan agreement doesn't involve these things: the state could borrow and lend freely without crossing that line.

      (You could credibly argue that financial tools such as loans and insurance tend to inflate prices in such a way that everyone ends up almost forced to use them -- ie, if you don't, it's hard to participate in the markets where they're used. If you begin to accept the idea that economic necessity crosses the boundary into the realm where it constitutes a kind of force, however, market-focused libertarianism starts to get inconsistent very quickly.)

      Heh. If a libertarian argues against something they benefit from, they're a hypocrite. If they argue against something they don't benefit from, they're selfish or stupid. There's really no way a libertarian can win, can they?

      Certainly not if they're uttering phrases like "if they argue against something they don't benefit from, they're selfish." (I think you meant to put that with the "benefit" side of the sentence ;)

      Leaving aside that I think "selfishness" is a poorly expressed criticism of libertarianism, I'm simply saying your friend's actions didn't make sense to me under the philosophy as I understand it. Loans don't involve force even if the state's the lender. It's also my understanding there exist non-state lenders. Your friend may not have thought of these things (I had literally *no idea* student loans existed when I was choosing a school and thus passed up a chance to go to some pretty fine institutions), or perhaps your friend has other reasons for avoiding college. And I have a certain amount of respect for people who actually order their life around their political philosophies: I'm familiar with a guy who makes his entire life work without a social security # and personal bank account because of some of his political objections. And I guess I do certain things myself that probably make my life harder from some points of view in order to fit with my personal values. That's totally cool with me. My objections to libertarianism are largely grounded philosophical differences and anticipated social consequences.

      He's far, far, far from one of the "rich wolves" in your sig,

      The thinking behind the sig doesn't bar the sheep from agitating for the situation it expresses. It's the observation that if a social decision-making institution like a democracy has the problem that blocks can use their decision power to prey on others, if you move to a system where the mediating institutions are largely economic, you'll have the same problem, except instead of using votes, people will use wealth, because it will be the political currency instead of votes. It really doesn't depend on exactly who the wolves and the sheep are.

  53. Any sufficiently well-organized society... by weston · · Score: 2, Insightful

    They just don't believe that government and society are the same thing.

    Which is one of the problematic elements of the philosophy. By the time you have a sufficiently organized society -- even one that only does the main things libertarians claim they want it limited to -- you have something that's essentially government, even if it doesn't fit the concept of the modern state. In short, Libertarianism seems very much like it'd like to have society without any societal impositions, and it's pretty reasonable to doubt that's even possible.

    Obviously you can have degrees to which a society imposes on its individual members, and I agree with the idea that it's worth working to minimize that. The problem is if you also want to curb the degree to which individuals can impose on each other, you have inevitable tension between those two principles. So far, I haven't seen a stripe of Libertarianism that acknowledges and engages that problem effectively.

    1. Re:Any sufficiently well-organized society... by Rycross · · Score: 1

      Wow, you articulated that very well. It very much matches my thoughts on Libertarianism.

    2. Re:Any sufficiently well-organized society... by MindlessAutomata · · Score: 1

      Strips of anarchism are often described as wanting to "get rid of government", but I find that they tend to define government a particular way. Basically, anarchists tend to want to maximize voluntary consent, and in their eyes, government is what you have when you have a ruling system that people are put under without voluntary consent.

      Libertarians aren't focused on keeping poor people away from voluntary handouts (even though they think that mere handouts doesn't help them in the long run), it's just that they oppose government doing it, out of principle.

      Obviously you can have degrees to which a society imposes on its individual members, and I agree with the idea that it's worth working to minimize that. The problem is if you also want to curb the degree to which individuals can impose on each other, you have inevitable tension between those two principles.

      Minarchists believe the state is an evil necessity and want simply minimize government as much as is possible.

      So far, I haven't seen a stripe of Libertarianism that acknowledges and engages that problem effectively.

      I think that's a problem that every ideology based on individual freedom is going to have, whether it's libertarian, socialist, or social democrat, or republican. I don't think it has a real solution.

    3. Re:Any sufficiently well-organized society... by Hognoxious · · Score: 1

      Minarchists believe the state is an evil necessity and want simply minimize government as much as is possible.

      Everybody wants just the right amount of government. The disagreement is about how much that is.

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    4. Re:Any sufficiently well-organized society... by weston · · Score: 1

      Strips of anarchism are often described as wanting to "get rid of government", but I find that they tend to define government a particular way. Basically, anarchists tend to want to maximize voluntary consent, and in their eyes, government is what you have when you have a ruling system that people are put under without voluntary consent.

      Given that no one chooses the society they're born into and raised in, I don't know how you get to a place where you have a system that is based entirely on consent. Maybe some kind of world-citizenship choice where you can pick the society you want to be a part of when you reach a certain age? I don't know. I suppose that's more or less immigration... which obviously won't work smoothly for everyone for a wide variety of social and practical reasons.

      I think it's actually inevitable: unless you choose the cabin in the wilderness route (and sometimes even then), you're going to be part of a society which makes some impositions on you. If you're lucky, you're part of a society that allows you to be a part of the conversation and decisions about what those impositions will be, and it's certainly fair to argue there should be fewer, but it's not particularly reasonable to expect there won't be any or that it's particularly unfair if most people decide on impositions you disagree with.

      I think that's a problem that every ideology based on individual freedom is going to have, whether it's libertarian, socialist, or social democrat, or republican. I don't think it has a real solution.

      I doesn't have a strict solution that's maximally unbounded, that's for sure. On the other hand, modern industrial democracies, whether social democrat or democratic republic, seem to have done a pretty decent job of providing a rising standard of living combined with a high if not unbounded level of personal freedom. I certainly don't think the balance is perfect, but it's hard for me to agree that we're as far away from it as either the pure libertarians (or the pure socialists, for that matter) seem to think we are.

    5. Re:Any sufficiently well-organized society... by MindlessAutomata · · Score: 1

      Given that no one chooses the society they're born into and raised in, I don't know how you get to a place where you have a system that is based entirely on consent. Maybe some kind of world-citizenship choice where you can pick the society you want to be a part of when you reach a certain age? I don't know. I suppose that's more or less immigration... which obviously won't work smoothly for everyone for a wide variety of social and practical reasons.

      I think it's actually inevitable: unless you choose the cabin in the wilderness route (and sometimes even then), you're going to be part of a society which makes some impositions on you. If you're lucky, you're part of a society that allows you to be a part of the conversation and decisions about what those impositions will be, and it's certainly fair to argue there should be fewer, but it's not particularly reasonable to expect there won't be any or that it's particularly unfair if most people decide on impositions you disagree with.

      I agree with this. It's as unavoidable as death and disease. This is my main criticism on whether anarchism can even exist, not that I don't sympathize with anarchism.

      I doesn't have a strict solution that's maximally unbounded, that's for sure. On the other hand, modern industrial democracies, whether social democrat or democratic republic, seem to have done a pretty decent job of providing a rising standard of living combined with a high if not unbounded level of personal freedom. I certainly don't think the balance is perfect, but it's hard for me to agree that we're as far away from it as either the pure libertarians (or the pure socialists, for that matter) seem to think we are.

      I disagree with you entirely over our personal freedom. Life is, and I think, always will be, coloring within the lines, on a paint-by-numbers scheme.

      ----
      I have other criticisms of libertarianism, too, that apply to most other ethical systems. If you're familiar with theory of mind materialistic monism and agree that the concept of "self" is illusory and take these things to their logical extensions, sort-of breaks down the concept of justice entirely, leaving us with a cold, bleak world... but still, I can't help but sympathize with libertarianism fully.

  54. An assumption made by Quila · · Score: 1

    What Geithner will find when he digs deeper is that venture capital firms pose relatively little systemic risk.

    Why assume Geithner will dig deeper? Maybe he'll just continue the liberal anti-business, anti-rich meme and go after VC on principle.

  55. Any relation to Francis Cianfrocca of Ruby fame? by dido · · Score: 1

    Hmm... Francis Cianfrocca... Now where have I heard that name before...? Oh yes, a Francis Cianfrocca was the original author of the EventMachine library for Ruby, a reactor pattern library similar to Python's Twisted. The library is seeing wider and wider use in the Ruby community, given that it's fast, efficient, and has a well-designed API. Any relation, or is such a name rather more common than I expect? Or could he even be the same guy?

    --
    Qu'on me donne six lignes écrites de la main du plus honnête homme, j'y trouverai de quoi le faire pendre.
  56. That's a cheap way to pat yourself on the back. by dfenstrate · · Score: 1

    Libertarians are almost always people who are well off and don't like the idea of helping those who weren't dealt as good a hand as they were.

    You can sum up libertarianism as: Fuck everyone else, if you're poor, it's their your fault.

    It's an easy and cheap conceit to think that just because some folks think the government ought to refrain from doing something, to think that those people object to it being done at all.

    It allows folks like you to think that they're kinder and better than those they oppose. It's a cheap ego trick you play on yourself.

    Folks that believe government ought to stay out of charity think this: There are fundamental, critical problems associated with governments carrying out charity work, problems that private charities do not suffer from.

    When you say folks like me think 'fuck the poor', you're showing a certain lack of depth, you're implying you cannot fathom that we think there are very important reasons that the work is best done by folks other than the government. (We do put our money where our mouth is, as you'll find if you search for political association and charitable giving.)

    Now I'm not a libertarian, but I certainly share some beliefs with them, and this particular conceit of yours is worth addressing.

    --
    Alcohol, Tobacco and Firearms should be the name of a store, not a government agency.
    1. Re:That's a cheap way to pat yourself on the back. by jvkjvk · · Score: 1

      So, I am interested in hearing what the fundamental critical problems associated with government helping it's least able citizens are.

      Thanks.

      Because I searched for that on google. And all the top links on every search I made were about how government was essential to charity operations.

      The other data I found on various Libertarian sites basically said - "The programs aren't working". I did not glean any fundamental critical issues.

      I really had no opinion on this before, in itself. So, prove your bold assertion with at least a couple of links?

    2. Re:That's a cheap way to pat yourself on the back. by dfenstrate · · Score: 1

      Well, perhaps.
      But that wasn't my point. If I go and list critical problems associated with government charity, I fear you will argue those points, and then go back to considering libertarians and conservatives heartless.

      First I ask you to understand that it is not callousness that defines conservatives/libertarians, but critical differences of opinions as to the best methods.

      I see that you're not the original poster I responded to, so I'm not certain as to your starting point on this.

      --
      Alcohol, Tobacco and Firearms should be the name of a store, not a government agency.
  57. Anti-Intellectual? A Common but unfounded conceit. by dfenstrate · · Score: 1

    When you decide to take an anti-intellectual approach to politics you're going to, surprise, lose the intellectuals.

    I regard a man in his area of expertise, and no further. A professor of English literature is the one to talk to about Shakespeare, an oncologist is one to consult with about cancer, and a veteran mechanic is the guy I talk to about why I have to rev my wife's car to 5k rpm to start it after a cold night.

    When folks say the right is anti-intellectual, they are really deriding us for not giving collateral credit for being 'smart' to areas outside one's demonstrated expertise.

    If you've spent 10 years studying or working in a particular field, and have demonstrated mastery of that field, then you're my guy for all concerns in that field. Outside of that field, their opinion is quite frankly just another opinion.

    You'll notice that I repeatedly emphasized demonstrated competence. The reason for this is because we've tended to confuse 'articulate' and 'competent' in the public scene lately. When you have shown, by way of doing, that you can manage something, you are worth listening to on that subject, no matter how rough your speech. When you've never even attempted a particular task, all your grand theories and fine speeches are at best gum-flapping, at worst sophistry.

    Sounding intelligent, sounding brilliant, sounding cultured, etc, is a particular set of grammatical patterns and delivery style. It is a skill that is to be regarded in it's own right. Unfortunately, many folks in society think that sounding intelligent is the same as knowing a damn thing.

    It's not. Bonafide competence and fantastic delivery occasionally travel together in a person, but quite often not.

    When you realize this, you will understand that calling the right 'Anti-intellectual' is merely a cheap seduction. It's along the lines of "Hey, come join us, we've got all the smart people, and you'll get credit for being smart by hanging out with us." Actual thought is optional, the association with 'the intellectuals' is sufficient for the tawdry temptation to be successful.

    --
    Alcohol, Tobacco and Firearms should be the name of a store, not a government agency.
  58. Re:Not at all... by m50d · · Score: 1

    No, you're putting too much effort to try and get your party name in there. Liberal (at least in the classical sense, and I did take care to specify "old-fashioned") implies both leftist economic and - surprisingly enough - liberal social policy.

    --
    I am trolling
  59. Re:Anti-Intellectual? A Common but unfounded conce by Anonymous Coward · · Score: 0

    "When folks say the right is anti-intellectual, they are really deriding us for not giving collateral credit for being 'smart' to areas outside one's demonstrated expertise."

    If only. No, the right is derided as being anti-intellectual because right-wingers will demand that their ideology trump knowledge. Think about: evolution, global warming, the health care debate, importance of financial regulation, importance of environmental regulation, matters of constitutional law, and these are just off the top of my head. In every single issue above right-wing ideology has been proven wrong by those with demonstrated expertise on the issue at hand (sole exception above: 2nd amendment where it's the liberals who are blinded by ideology). Exactly how many times do you guys have to be proven so badly wrong before we get to call you what you are?

  60. of course they do by Anonymous Coward · · Score: 0

    they get the origination and securitization fee

    they dont give a fuck about the terms of the loan as long as there is a buyer for the securities.

  61. Biparty shit by sowth · · Score: 1

    The parent post was brought to you by the Democratic National Committee and the Ad Council.

    It is time to start ignoring posts about political parties. Nearly everyone here is just using it as an excuse to paint themselves in a perfect light, while painting anyone who disagrees with them as an unreasonable extremist freak. But then, this would be what political parties were designed to do. Too bad no one cares about real issues.

  62. Re:I don't think so... by jadavis · · Score: 1

    Most of them are old gasbags with lots of the wrong kind of life experiences.

    I don't think it's entirely explained by inexperience, nor by "wrong" experience.

    I think it's much better explained by making an opinion a part of one's identity. Once an opinion is part of one's identity, it will act as a filter for any facts that may contradict it.

    I recognized that some of my opinions needed to be changed fairly early on, and I think I avoided making them too much a part of my identity to change. However, I recognize that some of my opinions did become a part of my identity, so I still need to be careful when acting on them.

    If someone appears irrational the best thing to do is recognize two things:
      1. They have probably made the opinion a part of their identity, and may be using unsound arguments to support it.
      2. If the person is otherwise intelligent, there is probably some underlying validity to their position.

    In other words, their argument might not be sound, but their position be valid.

    A good test for yourself is to pick a few controversial topics that you have strong opinions about. For each one, try to imagine what facts would need to change for you to change positions.

    Sometimes you'll find that quite reasonable adjustments in statistics or facts, some of which you might not know with much precision anyway, could cause you to switch sides.

    --
    Social scientists are inspired by theories; scientists are humbled by facts.
  63. Re:Forty years in the wilderness - this is their f by Eli+Gottlieb · · Score: 1

    Until then, I doubt they'll do well anywhere, except for states that still have low education levels and gullible fools willing to vote against their own economic interests.

    No, they'll continue doing great among the Real Americans who know that far from a nation founded upon freedom and diversity America is really all about the white evangelical Christians who live in rural areas.

  64. Why do you hate America? by Benfea · · Score: 1

    Also, liberals are just as bad.

    There, now that that's out of the way, we don't have to work through the tired and increasingly predictable responses from libertarians/conservatives.