Microsoft needs about 20 Halo-sized hits to make the Xbox go profitable. I just don't see that happening, especially given that Bungie couldn't stand being part of the Empire.
GDP's a rather slippery figure, because it counts unproductive bureaucrats living on the taxpayer's teat as if they were creating wealth. It also counts all the war materiel, which again, is not wealth, but an expenditure of wealth.
Everyone knows it,
Man, it cracks me up every time you trot out that line. Dance, pinkbot, dance!
only retards who live in an echo chamber and lie to each other believe otherwise.
Wow, that would hurt if I had any reason to value your judgement. You pinkos are so so mean.
If an hour of my labor is worth $20 and I trade that hour for $20 I pay as if I had gained $20 _income_ and not merely broken even. Why do I have to pay? The New Deal, that's why.
Actually, I would attribute it to the disaster of 1913, and the second world war, rather than the New Deal in particular.
But we do have a system to deal with the controllers of the means of production failing. It used to be called bankruptcy court. But the UAW would lose bigtime so it wasn't considered a (politically) viable option.
Chrysler's field for chapter 11, and GM will follow them within a year. Pity the president and the congress didn't just let it happen months ago and save us tens of billions of dollars. There's a reason why we have bankruptcy courts, and trying to keep failed companies out of bankruptcy with public money is an attack on the rule of law.
Unless you're a shareholder of the company in question, what they pay their executives is really none of your business.
For my part, I hold a modest number of shares in Apple, and I remember a few people bitching about the board of directors giving Steve Jobs an airplane. Given that the company went from nearly vanishing to a market capitalization of over a hundred billion dollars while Steve was running the show, I'd like to see what happens if we give him two airplanes. Hell, Apple could hand him ten billion dollars in cash, and we'd still be way ahead.
Given the choice between keeping your employees on the payroll and taking a pay cut, or firing thousands and giving yourself a bonus, how many CEO's do you think would pick the former?
The duty of a for-profit corporation is to earn money for its owners, not to keep people on the payroll just so you can feel good about doing so. Whether to hire, retain, or lay off employees is a business decision with a lot of trade-offs. Keeping people on board in lean times means you're well prepared to ramp up production when business improves, and also that you'll have less attrition when things pick up and your competitors are hiring.
On the other hand, keeping people around when you don't have work for them to do is expensive, and might even mean that the company goes under and everyone loses their job.
As for whether to pay bonuses to the executives, that's a separate decision from whether to have layoffs, but it has the same kind of tradeoffs. Companies have to compete for employees at all levels, and losing a senior VP is very costly, even if you replaced him the very next day.
Keep telling yourself that. See if your shrink agrees with you. Then, for extra credit, tell your shrink that the great depression ended in a mere three years, and that you can prove it.
So, because Apple's previous management dipped a toe in the water, realized their mistake and then terminated the product line, that means that shareholders like myself shouldn't criticize a multi-billion dollar disaster?
They just happen to be the two business schools with whose alumni I've the most direct experience. I hear that MBAs from Duke and the University of Chicago are pretty good too.
Marketing was one thing Microsoft did very well in the Xbox debacle. If they'd picked up any of the people responsible for quality control, I'd have been worried.
The progressive mindset is taking over in the USA, and we are well and truly hosed. The class warfare propaganda worked like a charm.
I'm not quite ready to throw in the towel. There were some very hopeful developments in the last election cycle, the main one being that thousands of people now know what the Federal Reserve is, who owns it, and why it inflates the currency.
The key difference between today and the 1930s is that during the first Great Depression, there was little if any way for dissidents to reach the public to contradict FDR's propaganda blitz. Today, the networks and the major newspapers aren't the only way for us to find out what's happening.
This is not about raising tax collections, it's about misdirection. He gets to huff and puff about someone other than himself and the congress who are busy pissing away trillions of dollars, by grandstanding about how he's supposedly going to collect billions that aren't being collected today.
The way the Fed and the congress are inflating the money, taxes are rapidly becoming moot.
There are two main factors that make Delaware a popular jurisdiction for incorporation. First, there's no corporate income tax for revenues that are made outside of Delaware, and the other is that Delaware's laws make it very difficult to pierce the corporate veil in litigation.
Several other states are trying to follow suit. Nevada's a fairly popular one, too.
Actually, excusing bad behavior as "honesty" is something I'm rather tired of. Disparaging his wife's child like that shows me that he's someone lacking in empathy or compassion.
Will the anti-tax people please explain how to pay for two wars and a large military budget?
Speaking as an anti-tax person, I'll point out that we don't want to pay for two wars and a large military budget. We could cut our military budget by 3/4 and still have far more than we could possibly need to defend our own country.
Is there some compelling reason to tax corporate profits?
The reason to tax corporations is to misdirect the public from realizing what their tax burden actually is. Corporations don't pay taxes, they only collect them. People pay taxes.
Slashdot Mirror
Microsoft needs about 20 Halo-sized hits to make the Xbox go profitable. I just don't see that happening, especially given that Bungie couldn't stand being part of the Empire.
-jcr
Look at GDP.
GDP's a rather slippery figure, because it counts unproductive bureaucrats living on the taxpayer's teat as if they were creating wealth. It also counts all the war materiel, which again, is not wealth, but an expenditure of wealth.
Everyone knows it,
Man, it cracks me up every time you trot out that line. Dance, pinkbot, dance!
only retards who live in an echo chamber and lie to each other believe otherwise.
Wow, that would hurt if I had any reason to value your judgement. You pinkos are so so mean.
-jcr
If an hour of my labor is worth $20 and I trade that hour for $20 I pay as if I had gained $20 _income_ and not merely broken even. Why do I have to pay? The New Deal, that's why.
Actually, I would attribute it to the disaster of 1913, and the second world war, rather than the New Deal in particular.
-jcr
But we do have a system to deal with the controllers of the means of production failing. It used to be called bankruptcy court. But the UAW would lose bigtime so it wasn't considered a (politically) viable option.
Chrysler's field for chapter 11, and GM will follow them within a year. Pity the president and the congress didn't just let it happen months ago and save us tens of billions of dollars. There's a reason why we have bankruptcy courts, and trying to keep failed companies out of bankruptcy with public money is an attack on the rule of law.
-jcr
Unless you're a shareholder of the company in question, what they pay their executives is really none of your business.
For my part, I hold a modest number of shares in Apple, and I remember a few people bitching about the board of directors giving Steve Jobs an airplane. Given that the company went from nearly vanishing to a market capitalization of over a hundred billion dollars while Steve was running the show, I'd like to see what happens if we give him two airplanes. Hell, Apple could hand him ten billion dollars in cash, and we'd still be way ahead.
Given the choice between keeping your employees on the payroll and taking a pay cut, or firing thousands and giving yourself a bonus, how many CEO's do you think would pick the former?
The duty of a for-profit corporation is to earn money for its owners, not to keep people on the payroll just so you can feel good about doing so. Whether to hire, retain, or lay off employees is a business decision with a lot of trade-offs. Keeping people on board in lean times means you're well prepared to ramp up production when business improves, and also that you'll have less attrition when things pick up and your competitors are hiring.
On the other hand, keeping people around when you don't have work for them to do is expensive, and might even mean that the company goes under and everyone loses their job.
As for whether to pay bonuses to the executives, that's a separate decision from whether to have layoffs, but it has the same kind of tradeoffs. Companies have to compete for employees at all levels, and losing a senior VP is very costly, even if you replaced him the very next day.
-jcr
He said "anyone in business", not "anyone in business school".
-jcr
You're the only one dancing.
Keep telling yourself that. See if your shrink agrees with you. Then, for extra credit, tell your shrink that the great depression ended in a mere three years, and that you can prove it.
-jcr
The drum is made of selenium that usually winds in land fills.
I suspect that someday, people will be using those landfills as a high-grade ore for all kinds of metals.
-jcr
Your hard copies are made out of people!
(Cue Beethoven's sixth symphony)
-jcr
What's to rationalize? They put out a product, it didn't sell, they terminated it. They didn't continue down the rathole like MS did.
-jcr
So, because Apple's previous management dipped a toe in the water, realized their mistake and then terminated the product line, that means that shareholders like myself shouldn't criticize a multi-billion dollar disaster?
You're funny.
-jcr
They just happen to be the two business schools with whose alumni I've the most direct experience. I hear that MBAs from Duke and the University of Chicago are pretty good too.
-jcr
Do you have some specific complaint to make about me?
-jcr
Unless Apple can come out with a hardware and software solution to the parallel programming crisis
They're working on it. Check out "Grand Central" and "OpenCL".
-jcr
Marketing was one thing Microsoft did very well in the Xbox debacle. If they'd picked up any of the people responsible for quality control, I'd have been worried.
-jcr
The progressive mindset is taking over in the USA, and we are well and truly hosed. The class warfare propaganda worked like a charm.
I'm not quite ready to throw in the towel. There were some very hopeful developments in the last election cycle, the main one being that thousands of people now know what the Federal Reserve is, who owns it, and why it inflates the currency.
The key difference between today and the 1930s is that during the first Great Depression, there was little if any way for dissidents to reach the public to contradict FDR's propaganda blitz. Today, the networks and the major newspapers aren't the only way for us to find out what's happening.
-jcr
It's like this guy was born yesterday.
He's not stupid, he just thinks that we are.
This is not about raising tax collections, it's about misdirection. He gets to huff and puff about someone other than himself and the congress who are busy pissing away trillions of dollars, by grandstanding about how he's supposedly going to collect billions that aren't being collected today.
The way the Fed and the congress are inflating the money, taxes are rapidly becoming moot.
-jcr
There are two main factors that make Delaware a popular jurisdiction for incorporation. First, there's no corporate income tax for revenues that are made outside of Delaware, and the other is that Delaware's laws make it very difficult to pierce the corporate veil in litigation.
Several other states are trying to follow suit. Nevada's a fairly popular one, too.
-jcr
Corporate taxes are a tax on profitable capital investment.
That's the second thing that's wrong with it. It punishes success.
-jcr
Actually, I find the honesty refreshing.
Actually, excusing bad behavior as "honesty" is something I'm rather tired of. Disparaging his wife's child like that shows me that he's someone lacking in empathy or compassion.
-jcr
The stock market went up today.
"Bear Market Rally" Google it.
-jcr
Will the anti-tax people please explain how to pay for two wars and a large military budget?
Speaking as an anti-tax person, I'll point out that we don't want to pay for two wars and a large military budget. We could cut our military budget by 3/4 and still have far more than we could possibly need to defend our own country.
-jcr
First of all I would HARDLY call anyone in business smart.
I guess I've been far luckier than you, then. I've met quite a few highly intelligent businessmen in my career.
-jcr
Is there some compelling reason to tax corporate profits?
The reason to tax corporations is to misdirect the public from realizing what their tax burden actually is. Corporations don't pay taxes, they only collect them. People pay taxes.
-jcr
Egad.. I should have searched for it before I posted, but that really surprises me. I wonder how many copies they've sold.
-jcr