andy_ppp

37 ms·

691.
by andy_ppp 2y ago
It keeps printing money because we have socialism for the rich, they are never allowed to lose now.
692.
by andy_ppp 2y ago
> This is a very naive way of thinking about debt. Well it’s how this economist and Citibank’s former number 1 trader describes our debt based money system. So maybe you’re the naive one here. Please watch this video and enlighten yourse
693.
by andy_ppp 2y ago
It would just be really good if companies stopped avoiding tax. Most countries are already pretty much bankrupt - it's worth thinking about for every debt (US National Debt is $35.35 trillion!!) there is a rich person on the end of it
694.
by andy_ppp 2y ago
You don’t need a business plan to get AI investment, you just need to talk a good game about how AGI is around the corner and consequently the safety concerns are so real. I would say the investors want to look cool so invest in AI projects
695.
by andy_ppp 2y ago
gRPC is an absolute pain the backside. You’re not Google, use the simple thing until you need the binary format that has bad semantics for versioning schemas.
696.
by andy_ppp 2y ago
I can’t believe people think that the FBI or the Biden and Trump campaigns asking for disinformation to be taken down during an election and the people at Twitter making a call on that request is somehow a smoking gun showing some kind of c
697.
by andy_ppp 2y ago
In the UK Wegovy is £200 per month privately, Why is it so expensive in the US?
698.
by andy_ppp 2y ago
I can IPO, sell some shares and make billions but have to take 25% in tax or I can not do that and what happens? How do I turn my non IPO shares into profit? Presumably if you liquidate to cash you owe the capital gains right? You’re still
699.
by andy_ppp 2y ago
You don’t know that the company will perform worse because of the owners having to pay their taxes.
700.
by andy_ppp 2y ago
Nope, your maths is not right, once your unrealised tax has been paid you don’t pay it every year in the same way you don’t keep paying capital gains on realised profits. Maybe read up on this before commenting.
701.
by andy_ppp 2y ago
I think for all three of them various levels of self interest and ego are involved in their Trump support. They don’t care who will do a better job.
702.
by andy_ppp 2y ago
This is a tax on some extremely affluent people who are doing shenanigans to avoid paying capital gains tax. Seriously, communism it is not. Great companies were still built in the US when rich people had to pay capital gains and they still
703.
by andy_ppp 2y ago
https://www.axios.com/2024/08/23/kamala-harris-unrealized-ca... “Payments can be spread out over subsequent years”
704.
by andy_ppp 2y ago
1. Capital gains tax is already essentially optional for the richest now with various tricks. Of course taxing people is difficult, are you saying because it’s hard let’s not bother? 2. Where will the capital go (all the best investments ar
705.
by andy_ppp 2y ago
How many $100m farms are there that are not part of publicly traded companies are there in the US? And again, this is for publicly traded stock portfolios. Private farms won’t be broken up… yet :-)
706.
by andy_ppp 2y ago
The impacts could be extremely positive, some people are starting to believe the very richest having an optional tax system in the US is bad for everyone.
707.
by andy_ppp 2y ago
That will only be temporary won’t it, hold your shares or buy more at a discount.
708.
by andy_ppp 2y ago
As someone else has said just let them pay their taxes with stock, if that were the case I think it addresses most of your points right?
709.
by andy_ppp 2y ago
I don’t believe any of them think Trump will be a good president.
710.
by andy_ppp 2y ago
I love your consideration for the financial problems of some of the most privileged people in all of human history. I just don’t really care that much if they get a big tax bill (I’m sure they’ll find a way to pay) and for a variety of reas
711.
by andy_ppp 2y ago
Could be… I pretended it’s point to point protocol ( https://en.m.wikipedia.org/wiki/Point-to-Point_Protocol ), but really I just couldn’t think of a good username that was available here when I signed up… EDIT: I’ve mis
712.
by andy_ppp 2y ago
It’s hard to put into pithy terms but check out Citibank’s former top trader on wealth inequality and why we need to find a way to tax back some of the wealth from the rich: https://youtu.be/TflnQb9E6lw
713.
by andy_ppp 2y ago
> Do "these people" include entrepreneurs with equity in startups No it doesn’t, you’re arguing using a straw man here. They need to be publicly traded securities to be taxed as I understand it. Also paying taxes is a public go
714.
by andy_ppp 2y ago
I wonder if this is coming up just before the election because of the Harris campaign’s suggested policy of capital gains tax on unrealised gains for people who have over $100m in assets? I think this is a great idea personally given what t
715.
by andy_ppp 2y ago
Sure, I’m definitely not against better solutions but a small sliver of people owning everything and the middle class and poor increasingly owning less and less of the wealth over generations needs to be looked at if we want people to be ab
716.
by andy_ppp 2y ago
I wonder if this is coming up just before the election because of the Harris campaign’s suggested policy of capital gains tax on unrealised gains for people who have over $100m in assets? I think this is a great idea personally given what t
717.
by andy_ppp 2y ago
He said it felt like being constantly stabbed in the eye… probably not fun.
718.
by andy_ppp 2y ago
I know someone who lost an eye to diabetes, so your comment is certainly not hyperbole.
719.
by andy_ppp 2y ago
I work at a company like this where management self interest has taken over and the staff have zero power to say no. It makes everything impossible if I’m honest, the 200 layers of management might as well be using a magic 8 ball to run the
720.
by andy_ppp 2y ago
Sack all the managers at Boeing and watch everything work better…

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