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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.'"

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  1. 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.

  2. 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.

  3. 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.

  4. 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.