I also understand that while I earned (and didn't inherit) my money, I didn't do it in a vacuum. Just to name one example, if I didn't have a government to regulate certain commercial activity and prevent abuses of monopoly power, it is almost 100% likely I could never have built the business that I did. (My industry contains an 800 lb. gorilla that would have squashed me had it been legal.) I could go on, but why bother.
I'm as good at making assumptions as you are at understanding economics. After reading your post, a better assumption might be that your networth, if real, is underserved since you needed government thugs to help you compete where you otherwise could not. Another assumption might be you've got some kind of chip on your shoulder towards the kids who did inherit money and didn't let you sit at the cool table in the cafateria, but you sure showed them, didn't you.
Even if you wanted the gov'ment to have more money to throw around (perhaps to sue your more capable competitors), you would support the repeal of the death tax as it is a net positive in terms of government revenue. The government discourages a lot of taxable activity when people take evasive maneuvers to avoid the death tax - not to mention job destroying maneuvers. Money raised by the tax when it was in effect was relatively miniscule.
However, if your real purpose is making sure all people are 'equal,' I doubt that would persuade you. Because destroying someone else's business over envy is certainly the kind of moral activity the government needs to be involved in on behalf of all those lacking the ability to derive self-esteem from their own works.
You are incredibly stupid. There is no functional difference between me spending the money and giving it to my descendents to hoard and make you feel even more inferior about your burger flipping job. In fact, it can be destructive if I liquidate all of my, say, farm equipment, fire the workers, and sell off the land.
Point is, if I can't do with my wealth that I created as I please, I simply won't allow the government to do with it as it please. Yet somehow you and the other Communists think that it is better that the government get control of my assets rather than the people I choose, who may or may not be related to me. If I own a factory or a business, it's to no one's benefit that I can't give it entirely to the person or people whom I think will best run that business in the future.
This stupid envy you and other Communists have (going all the way back to Karl Marx who was so ugly he couldn't get any, resulting in his supreme jealousy of anyone of true ability or good looks) has resulted in so much destruction in this country that family farmining is almost unheard of and the truly wealthy families simply work around the taxes through international accounts and setting up trust.
Personally, I'd rather set fire to all my property before letting some useless leech like you who neither understands wealth creation and is jealous of those who can truly do it well get it after I die.
This implies you've never encountered any yourself. There are actually relatively very very few as the console maker exacts some kind of standard (or tries to) or at least on the games they publish themselves. Recall the NIntendo Gold Standard. I have played PC and console games EXTENSIVELY and while the first thing I do when I get a PC game is install patches, I have only had this occur once with a console game and it was a port of a PC game.
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Possibly true, but very much to the chagrin of Miss Rand herself as she articulated in recorded lectures that were converted into her book, The Art of Non-Fiction. She frequently goes off on 'Randbots.'
Of course you don't unerstand it. This isn't accounting, this is finance (what I have my degree in).
This is a "time value of money" (TVM) calculation.
Example - how much would I have to pay you right now to get you to pay me $1 every day for the next year? In total, you would be paying me $365 - but spread out over a year. So to make up for the benefit of being able to spread it out over so long a period, I would expect to pay you something less than $365, right?
Now think about it in terms of the MMORGP. How much would I have to pay you to get you to pay me $50 right now and $15 a month for a year? How about for two years? Ten Years?
Now think about calculating it for a perpetuity (something that goes on forever). As the number of years increase, the increase in the amount I would have to pay you decreases to almost nothing. You can see how this looks on a chart, similar to an exponent chart approaching but never reaching a line.
More info on TVM here.
"an ideally competitive market has a large number of producers and consumers which allows the buyers to determine the price of goods"
According to whom and why is it ideal? This is flatly wrong. The ideal marketplace is one with a single producer and single consumer who are both the same entity because the greatest economies of scale can be harvested and the efficiencies realized through research can be most broadly implimented.
The price would also be lowest because it would need to be kept below a price that theoretically could not be competed against - below the price of market entry.
Example of a single producer? Look at what happened to the price of oil at the turn of the century when the industry consolidated horizontally and vertically - I think it went down about 95% and fueled tremendous economic development.
Example of a single consumer? Walmart. It's not really a single consumer, but for many producers, a tremendous majority percentage of their output is purchased by Walmart. Walmart leverages this by being able to efficiently integrate into the producers production cycle to work with them to lower costs (along with purchasing power).
The suggestion above - that many producers and many consumers is best - is precisly the worse possible circumstance. A bunch of companies with tremendous overhead all going broke trying to undercut the other and limiting their potential research budgets, game developers making decisions on what system they want to optimize for, console makers having to decide whether to standardize to make things easier for the developers or to add their own improvements that will make the console better or break compatability, and gamers wondering if the system they buy will go out of production or if the next version of Madded will be made for it or not.
Of course, the reasoning in your post is what you would expect from someone to lead off a paragraph with the sentence "Microsoft, however, has no intention of doing what's good for consumers."
I once did the calculations on the present value of an MMO subscription in perpetuity. I assumed a ~ $10 monthly expense, a $50 up front cost, and a 10% cost of money.
So the cost of the game in present value is really between $190 or $200 (I forgot the exact charge.) So forget about this complaining about paying each month/paying an upfront fee. Just look at that amount and decide if it's worth it.
$12.00 p/h for 5 hours of paintball at $60 total for all costs $6.25 p/h for 12 hours of day rental for sailing a Flying Scott at $75 $4.50 p/h for 10 minutes of DDR at $0.75 $4.00 p/h for 2 hour movie at $8 ticket $1.00 p/h for 15 hours of playing a MMO a month at $15 per month.
And lets face it - most of you MMO players are on much more than 15 hour a month. In theory you could play/macro all month, making the cost about two pennies per hour.
Agreed. And I know absolutly no one who has lan parties. I'm not saying the don't happen, just not in my circle of friends/colleagues. XBL is perfect for me and it is also an easy way to stay in touch with my brother who is also on XBL. See, we can't have a lan party if he is 600 miles away, but we can team up for a game of Ghost Recon or Halo 2.
Not really a bad strategy if you are S3. You can't afford the research, so make a budget chip with something special - that HDTV output, and try to go after a certain market. Maybe it will find application in those DVR devices.
The goal for S3's execs, though, is to get it on the map and make enough noise for one of the big boys to buy it out.
Then why don't all cars use them.
And also, I think Chrysler did invent them. See here. I could be wrong, but I did some homework and cross-confirmed the story.
Thanks for answering my reply.
But consider if the only human being you met was the guy who played Corky on TV's Life Goes On and then you met a someone with perfect dictation like Alex Trebeck of TV's Jeopardy. Maybe you shouldn't be disappointed.
More than movies or TV, games are about being fun. So while you might see an otherwise unejoyable tv miniseries get acclaimed for discussing some kind of social issue like pedophilia or AIDS, you are not going to find a game that tries to make a social issue it's theme cause it won't sell.
There is no market for 'artistic' games. Only fun ones.
I'm the original person you responded to and I have been playing for years. I will look into the book you suggest, but really.... I guess I'm missing something because it doesn't seem to be nearly as complex as chess and at each given opportunity there is always a 'best' move that should not be incredibly difficult to at least memorize.
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I'm as good at making assumptions as you are at understanding economics. After reading your post, a better assumption might be that your networth, if real, is underserved since you needed government thugs to help you compete where you otherwise could not. Another assumption might be you've got some kind of chip on your shoulder towards the kids who did inherit money and didn't let you sit at the cool table in the cafateria, but you sure showed them, didn't you.
Even if you wanted the gov'ment to have more money to throw around (perhaps to sue your more capable competitors), you would support the repeal of the death tax as it is a net positive in terms of government revenue. The government discourages a lot of taxable activity when people take evasive maneuvers to avoid the death tax - not to mention job destroying maneuvers. Money raised by the tax when it was in effect was relatively miniscule.
However, if your real purpose is making sure all people are 'equal,' I doubt that would persuade you. Because destroying someone else's business over envy is certainly the kind of moral activity the government needs to be involved in on behalf of all those lacking the ability to derive self-esteem from their own works.
Point is, if I can't do with my wealth that I created as I please, I simply won't allow the government to do with it as it please. Yet somehow you and the other Communists think that it is better that the government get control of my assets rather than the people I choose, who may or may not be related to me. If I own a factory or a business, it's to no one's benefit that I can't give it entirely to the person or people whom I think will best run that business in the future.
This stupid envy you and other Communists have (going all the way back to Karl Marx who was so ugly he couldn't get any, resulting in his supreme jealousy of anyone of true ability or good looks) has resulted in so much destruction in this country that family farmining is almost unheard of and the truly wealthy families simply work around the taxes through international accounts and setting up trust.
Personally, I'd rather set fire to all my property before letting some useless leech like you who neither understands wealth creation and is jealous of those who can truly do it well get it after I die.
Thanks Mr. Communist for not recognizing that property rights are causal. No rights = no property.
This implies you've never encountered any yourself. There are actually relatively very very few as the console maker exacts some kind of standard (or tries to) or at least on the games they publish themselves. Recall the NIntendo Gold Standard. I have played PC and console games EXTENSIVELY and while the first thing I do when I get a PC game is install patches, I have only had this occur once with a console game and it was a port of a PC game.
Possibly true, but very much to the chagrin of Miss Rand herself as she articulated in recorded lectures that were converted into her book, The Art of Non-Fiction. She frequently goes off on 'Randbots.'
This is a "time value of money" (TVM) calculation.
Example - how much would I have to pay you right now to get you to pay me $1 every day for the next year? In total, you would be paying me $365 - but spread out over a year. So to make up for the benefit of being able to spread it out over so long a period, I would expect to pay you something less than $365, right?
Now think about it in terms of the MMORGP. How much would I have to pay you to get you to pay me $50 right now and $15 a month for a year? How about for two years? Ten Years?
Now think about calculating it for a perpetuity (something that goes on forever). As the number of years increase, the increase in the amount I would have to pay you decreases to almost nothing. You can see how this looks on a chart, similar to an exponent chart approaching but never reaching a line. More info on TVM here.
According to whom and why is it ideal? This is flatly wrong. The ideal marketplace is one with a single producer and single consumer who are both the same entity because the greatest economies of scale can be harvested and the efficiencies realized through research can be most broadly implimented.
The price would also be lowest because it would need to be kept below a price that theoretically could not be competed against - below the price of market entry.
Example of a single producer? Look at what happened to the price of oil at the turn of the century when the industry consolidated horizontally and vertically - I think it went down about 95% and fueled tremendous economic development.
Example of a single consumer? Walmart. It's not really a single consumer, but for many producers, a tremendous majority percentage of their output is purchased by Walmart. Walmart leverages this by being able to efficiently integrate into the producers production cycle to work with them to lower costs (along with purchasing power).
The suggestion above - that many producers and many consumers is best - is precisly the worse possible circumstance. A bunch of companies with tremendous overhead all going broke trying to undercut the other and limiting their potential research budgets, game developers making decisions on what system they want to optimize for, console makers having to decide whether to standardize to make things easier for the developers or to add their own improvements that will make the console better or break compatability, and gamers wondering if the system they buy will go out of production or if the next version of Madded will be made for it or not.
Of course, the reasoning in your post is what you would expect from someone to lead off a paragraph with the sentence "Microsoft, however, has no intention of doing what's good for consumers."
So the cost of the game in present value is really between $190 or $200 (I forgot the exact charge.) So forget about this complaining about paying each month/paying an upfront fee. Just look at that amount and decide if it's worth it.
I mean, it was a gimmick for Matrox. Though for that period of time they were the only ones with it, it worked.
$12.00 p/h for 5 hours of paintball at $60 total for all costs
$6.25 p/h for 12 hours of day rental for sailing a Flying Scott at $75
$4.50 p/h for 10 minutes of DDR at $0.75
$4.00 p/h for 2 hour movie at $8 ticket
$1.00 p/h for 15 hours of playing a MMO a month at $15 per month.
And lets face it - most of you MMO players are on much more than 15 hour a month. In theory you could play/macro all month, making the cost about two pennies per hour.
Agreed. And I know absolutly no one who has lan parties. I'm not saying the don't happen, just not in my circle of friends/colleagues. XBL is perfect for me and it is also an easy way to stay in touch with my brother who is also on XBL. See, we can't have a lan party if he is 600 miles away, but we can team up for a game of Ghost Recon or Halo 2.
True, though Duel Monitor was much more of a gimmick than anything else.
Thanks for the 411.
The goal for S3's execs, though, is to get it on the map and make enough noise for one of the big boys to buy it out.
Beautiful.
Thank you for the clearification.
Then why don't all cars use them. And also, I think Chrysler did invent them. See here. I could be wrong, but I did some homework and cross-confirmed the story. Thanks for answering my reply.
Thanks. After reading the post above about the driod engineer, I am downloading the trial now and will attempt to be... someone that makes something.
Then why do you hear so often that Chrysler's "Hemi" is such a great engine?
I didn't think it was poor voice acting at all. The weaker warriors had weaker voices, and the stronger characters had tougher ones.
But consider if the only human being you met was the guy who played Corky on TV's Life Goes On and then you met a someone with perfect dictation like Alex Trebeck of TV's Jeopardy. Maybe you shouldn't be disappointed.
Award for best comedic retort to the 'statue' typo. Well done.
There is no market for 'artistic' games. Only fun ones.
I'm the original person you responded to and I have been playing for years. I will look into the book you suggest, but really .... I guess I'm missing something because it doesn't seem to be nearly as complex as chess and at each given opportunity there is always a 'best' move that should not be incredibly difficult to at least memorize.
Possibly, but the amount of unsold inventory is probably less than 5%.