Sacrificing financial companies and speculators, and re-industrialization of US economy
If you want to see the re-industrialization of the US economy, the way to do that is to remove the insane tax incentives for sending manufacturing offshore. One of the measures that would help is abolishing capital gains. Another is freeing up the capital markets to make it easier for small businesses to sell shares publicly. An even better one would be abolishing the estate tax, so that smaller companies don't have to be sold to bigger ones when their founders die.
This concentration of wealth into few and fewer hands is a direct consequence of government policies which we need to abandon.
please enlighten me to how insurance 100% guarantees my money
Nothing guarantees your money 100%, even if government pretends otherwise. If you buy deposit insurance from a private party, you should do the same due diligence as you would to protect any other transaction.
The FDIC is another mistake, just like the FSLIC. It forces honest banks to pay for the crooks.
If people want deposit insurance, they should buy it separately from a private party, which will have an incentive to investigate the bank and set their premium accordingly.
I agree except for #3 and #4. The fed should be abolished, not nationalized. Fannie and Freddie should be liquidated: as long as they're allowed to continue to exist, they will continue to corrupt the congress.
-jcr
Sarbanes-Oxley is bad, but the SEC is worse.
on
How To Create More Jobs
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· Score: 3, Interesting
One of the best things that we could do to promote new job creation, is to bring down the barriers to public equity for small businesses. As things stand today, it's just not realistic to go public until you need at least ten million bucks in funding, just because the regulatory requirements for public trading are so onerous.
If local businesses could sell shares to the public, then a lot of people would invest in their own communities, entrusting their capital to people they actually know and do business with, instead of handing it over to enormous mutual funds. For the small businessman, being able to raise private capital means he doesn't have to get bank funding and pay interest for his operating capital.
The SEC doesn't protect us from the likes of Enron or Bernie Madoff, and it's not at all surprising that they fail at their ostensible mission. The SEC has nothing to lose when they fuck up. No bureaucrat is going to lose his job for ignoring the warnings and red flags they should have acted on. In fact, just like the public schooling cartel, the SEC will probably get more funding because they failed to do their job.
There's no such thing as a "natural" monopoly. The term is nothing but propaganda used by mercantilists to justify government prohibition of competition.
just like when minimum wage goes up the first to be fired are minorities.
I found it rather shocking when I learned about the racist arguments made in the House of Representatives in favor of the minimum wage, back when it was became federal law. Some of the anti-black diatribes from the early leaders of the AFL, the CIO, and the American Socialist Party would deeply shake any of the liberals who cheer for the unions today.
we have walking dead banks that NEED TO GET CLOSED
The worst part of having zombie banks around, is that as long as the Fed refuses to let them die, there's no way to tell who's solvent and who isn't. That being the case, the only prudent thing to do is sit on whatever cash you have.
Eliminate capital gains taxes. The total revenues raised by capital gains tax is around 117 billion a year, which makes an interesting comparison to the magnitude of bailouts already appropriated.
If cap gains tax was eliminated, there would be an historical market rally. The current strategy of trying to stimulate the economy with ever-larger doses of inflation can't work: see Zimbabwe.
Well, the material is basically a laminate where a majority of the volume is teflon, and the conductors are sintered metal powders. I haven't heard of teflon getting brittle at low temperatures, and I wouldn't expect the conductors to be prone to breaking, either.
I think that you'd probably have to worry about the copper in the motor windings of an electric car shattering at low temperatures before you'd have to worry about the capacitors.
I just had a look at the videos on that Silverbrook Research page you linked to. I haven't been so impressed with any printing technology since the first time I saw a laser printer. It's the kind of thing that makes me wish I had a couple hundred million bucks in venture money so I could back it.
At first I wasn't getting why this would have better capacitance than conventional materials. Then around page 6, I realized that they're laying down a lot of layers. Like, a micron of conductor and nine microns of dielectric in each pass.
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No, I mean laws like those that prevented anyone from offering phone service in competition with AT&T (for one example).
-jcr
Sacrificing financial companies and speculators, and re-industrialization of US economy
If you want to see the re-industrialization of the US economy, the way to do that is to remove the insane tax incentives for sending manufacturing offshore. One of the measures that would help is abolishing capital gains. Another is freeing up the capital markets to make it easier for small businesses to sell shares publicly. An even better one would be abolishing the estate tax, so that smaller companies don't have to be sold to bigger ones when their founders die.
This concentration of wealth into few and fewer hands is a direct consequence of government policies which we need to abandon.
-jcr
please enlighten me to how insurance 100% guarantees my money
Nothing guarantees your money 100%, even if government pretends otherwise. If you buy deposit insurance from a private party, you should do the same due diligence as you would to protect any other transaction.
-jcr
Not that trickle down crap again...
What's your alternative? Hyperinflation?
-jcr
The FDIC is another mistake, just like the FSLIC. It forces honest banks to pay for the crooks.
If people want deposit insurance, they should buy it separately from a private party, which will have an incentive to investigate the bank and set their premium accordingly.
-jcr
I agree except for #3 and #4. The fed should be abolished, not nationalized. Fannie and Freddie should be liquidated: as long as they're allowed to continue to exist, they will continue to corrupt the congress.
-jcr
One of the best things that we could do to promote new job creation, is to bring down the barriers to public equity for small businesses. As things stand today, it's just not realistic to go public until you need at least ten million bucks in funding, just because the regulatory requirements for public trading are so onerous.
If local businesses could sell shares to the public, then a lot of people would invest in their own communities, entrusting their capital to people they actually know and do business with, instead of handing it over to enormous mutual funds. For the small businessman, being able to raise private capital means he doesn't have to get bank funding and pay interest for his operating capital.
The SEC doesn't protect us from the likes of Enron or Bernie Madoff, and it's not at all surprising that they fail at their ostensible mission. The SEC has nothing to lose when they fuck up. No bureaucrat is going to lose his job for ignoring the warnings and red flags they should have acted on. In fact, just like the public schooling cartel, the SEC will probably get more funding because they failed to do their job.
-jcr
There's no such thing as a "natural" monopoly. The term is nothing but propaganda used by mercantilists to justify government prohibition of competition.
-jcr
just like when minimum wage goes up the first to be fired are minorities.
I found it rather shocking when I learned about the racist arguments made in the House of Representatives in favor of the minimum wage, back when it was became federal law. Some of the anti-black diatribes from the early leaders of the AFL, the CIO, and the American Socialist Party would deeply shake any of the liberals who cheer for the unions today.
-jcr
we have walking dead banks that NEED TO GET CLOSED
The worst part of having zombie banks around, is that as long as the Fed refuses to let them die, there's no way to tell who's solvent and who isn't. That being the case, the only prudent thing to do is sit on whatever cash you have.
-jcr
Eliminate capital gains taxes. The total revenues raised by capital gains tax is around 117 billion a year, which makes an interesting comparison to the magnitude of bailouts already appropriated.
If cap gains tax was eliminated, there would be an historical market rally. The current strategy of trying to stimulate the economy with ever-larger doses of inflation can't work: see Zimbabwe.
-jcr
How could we not know the distance to the ionosphere? Isn't it used all the time for its radio-reflecting properties?
-jcr
s/way/weigh/
Hate it when that happens. I need more sleep.
-jcr
Depending on the formulation, two gallons of gasoline would way around 12 pounds.
-jcr
Ah, thanks for the correction. I assumed it was Teflon because I've seen conventional capacitors that use teflon for the dielectric.
At any rate, the materials described don't sound like they're going to have any trouble with temperature extremes from inclement weather.
-jcr
spend its money on developing a Mac OS X clone
I'm sure that would take far more time and money than they can muster.
-jcr
Macs that don't run on genuine Apple hardware.
If it's not Apple hardware, it's not a Mac.
-jcr
Well, the material is basically a laminate where a majority of the volume is teflon, and the conductors are sintered metal powders. I haven't heard of teflon getting brittle at low temperatures, and I wouldn't expect the conductors to be prone to breaking, either.
I think that you'd probably have to worry about the copper in the motor windings of an electric car shattering at low temperatures before you'd have to worry about the capacitors.
-jcr
You don't have to buy your media from the ITMS...
Even if you do, you can buy the DRM-free tracks. Apple's ready to sell anything that the labels will let them sell.
-jcr
Heh.. An iPod that serves as its own security system. I like it.
Not to mention, that if the cops are going to carry tasers, maybe we should, too.
-jcr
I just had a look at the videos on that Silverbrook Research page you linked to. I haven't been so impressed with any printing technology since the first time I saw a laser printer. It's the kind of thing that makes me wish I had a couple hundred million bucks in venture money so I could back it.
-jcr
At first I wasn't getting why this would have better capacitance than conventional materials. Then around page 6, I realized that they're laying down a lot of layers. Like, a micron of conductor and nine microns of dielectric in each pass.
This is what patents are really for.
-jcr
This isn't some FDA or CE conspiracy to jack up the price (at least most of it).
Their purpose isn't to drive the costs up, that's just a side effect of giving them far more power than they should ever have had.
-jcr
Please excuse my cynicism.
Noting to excuse. The FDA probably kills more people than the DOD.
-jcr
Why would you seek FDA compliance for a device like this?
I wouldn't, but it's the FDA that decides what they'll regulate.
-jcr