This is one of the more insightful comments that I've seen on slashdot!! While you may not be appreciated while volunteering you certainly don't increase unemployment!
The shareholders of Overture get $4.75 cash &.6108 shares of Yahoo for every share of overture they own.
But, the only difference between "tangible" money and Yahoo stock is a click of the sell button. If Yahoo stock tanks in the next few months, the Overture shareholders didn't get screwed, they had the opportunity to sell.
If you are shareholder of Overture you recieved a fair deal for you stock. You just have to go through the extra step of selling your new Yahoo stock. (You actually get a slight premium from the buyout)
Capitalism means that you volunteer to work for someone ELSES' benefit (The Bosses' Profit) Competition (capitalism) == Duplication(waste), Co-Operation (communism) == Maximized Beneficial Utility (efficiency).
First of all, you don't volunteer to work for someone else's benefit. You volunteer to work for your own benefit, ie. money, food, clothing, shelter. You also benefit the people who took a risk and invested in the company so you could have a job.
You claim that Competition/Capitalism = Duplication/Waste, which to some extent is true. But, it also encourages innovation which is extremely lacking in the communist system.
Why would anyone take a risk to invest in new technology, etc. if there is no payoff? The answer is: they don't! Is it any surprise that medical breakthroughs don't happen in Canada? They have socialized medicine, there is no incentive to innovate!
You've over estimated the amount of taxes that are paid. Yes, the same money is taxed again and again, but not quite as often as you think.
When you buy something you pay sales tax, the company then pays tax on the money that it doesn't spend on employees and equipment (ie. Profits). The money that they're paying you is a tax deduction (unless you make over $1mil).
How can you say that Vivendi is too big a fish for Microsoft? Vivendi's revenue is irrelevant, what matters is their market capitalization. (# of shares x share price). Microsoft has more cash in the bank than the total value of all of Vivendi's stock, I would have to argue that Vivendi is a very small fish compared to Microsoft. (Somewhere between 10 & 20 times smaller).
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This is one of the more insightful comments that I've seen on slashdot!! While you may not be appreciated while volunteering you certainly don't increase unemployment!
The shareholders of Overture get $4.75 cash & .6108 shares of Yahoo for every share of overture they own.
But, the only difference between "tangible" money and Yahoo stock is a click of the sell button. If Yahoo stock tanks in the next few months, the Overture shareholders didn't get screwed, they had the opportunity to sell.
If you are shareholder of Overture you recieved a fair deal for you stock. You just have to go through the extra step of selling your new Yahoo stock. (You actually get a slight premium from the buyout)
Where's the picture of adequate website bandwidth? Based on the performance of this site, that's another dream that hasn't been fulfilled yet.
Capitalism means that you volunteer to work for someone ELSES' benefit (The Bosses' Profit) Competition (capitalism) == Duplication(waste), Co-Operation (communism) == Maximized Beneficial Utility (efficiency).
First of all, you don't volunteer to work for someone else's benefit. You volunteer to work for your own benefit, ie. money, food, clothing, shelter. You also benefit the people who took a risk and invested in the company so you could have a job.
You claim that Competition/Capitalism = Duplication/Waste, which to some extent is true. But, it also encourages innovation which is extremely lacking in the communist system.
Why would anyone take a risk to invest in new technology, etc. if there is no payoff? The answer is: they don't! Is it any surprise that medical breakthroughs don't happen in Canada? They have socialized medicine, there is no incentive to innovate!
You've over estimated the amount of taxes that are paid. Yes, the same money is taxed again and again, but not quite as often as you think.
When you buy something you pay sales tax, the company then pays tax on the money that it doesn't spend on employees and equipment (ie. Profits). The money that they're paying you is a tax deduction (unless you make over $1mil).
How can you say that Vivendi is too big a fish for Microsoft? Vivendi's revenue is irrelevant, what matters is their market capitalization. (# of shares x share price). Microsoft has more cash in the bank than the total value of all of Vivendi's stock, I would have to argue that Vivendi is a very small fish compared to Microsoft. (Somewhere between 10 & 20 times smaller).