arkis22

32 ms·

301.
by arkis22 9y ago
It makes complete sense to not ignore them though.
302.
by arkis22 9y ago
Source? The first couple of graphs here: https://en.wikipedia.org/wiki/Income_tax_in_the_United_State... , suggest otherwise. We've rarely had income taxes as a higher percentage of GDP than we do now.
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by arkis22 9y ago
It's also important to mention that a rising share of compensation doesn't come from cash. It comes from stuff like health insurance and 401k matching. Sad, considering that those non cash benefits just make you more dependent on
304.
by arkis22 9y ago
There was a great article in the WSJ about quant "factors" >A former student of Mr. Fama, Cliff Asness, founder of quantitative hedge-fund manager AQR Capital Management, said he tries to avoid being caught out by false finding
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by arkis22 9y ago
>No, the idea that aggregate performance... You're saying no, but our statements mean essentially the same thing. Aggregate performance rebounds to the benefit of capital holders because they are outperforming. For example, it is be
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by arkis22 9y ago
The smart people that go into a casino aren't expecting to come out ahead, they walk in knowing they're probably going to burn a couple hundred bucks. They also get to leave, which is why they're willing to play at worse odds
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by arkis22 9y ago
The wikipedia definition linked above says: >Rent-seeking implies extraction of uncompensated value from others without making any contribution to productivity. The classic example of rent-seeking, according to Robert Shiller, is that of
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by arkis22 9y ago
So your analogy is smart chess players playing against stupid ones, but both players can only bet a dollar and win 2? That scenario only "works" if you have a limitless supply of suckers. Sooner instead of later the worse players
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by arkis22 9y ago
The idea that outperformance should be rewarded with wealth is fundamental to the idea of capitalism. It is well represented by the idea of r > g. Also, just because r > g, doesn't mean that the economy relies on capital returns.
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by arkis22 9y ago
The gamblers that think they have an edge with r = g in your example are suckers wasting their time. Would you agree?
311.
by arkis22 9y ago
I agree that it makes sense to allocate your capital efficiently. A risk free 0.1% doesn't look like you're being an employer though. It sounds like the rate that comes from your deposits at a bank (which lends your deposits to ma
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by arkis22 9y ago
How can it be a huge profit if r = g? You'd need to invest more in g to increase r by an equal amount. The fact that you can consistently get higher growth in an index fund than GDP is just a symptom of r > g. It incentivizes you to
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by arkis22 9y ago
Piketty's idea that r > g leads to wealth inequality just makes me shrug. You can't really have it another way. If r (the rate of return on capital) is less than g (the growth in output) that means that people have no incentive
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by arkis22 9y ago
If the publisher or developer doesn't share the revenue that comes from mods with the mod creators they are technically rent seeking
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by arkis22 9y ago
That's literally all business. It's just that some industries are easier to sympathize.
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by arkis22 10y ago
107. Holy cow. Dude did something right.
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by arkis22 10y ago
We are living in the age of efficiency. As population growth slows it's only natural for electricity to as well. We aren't limited by our raw computing power, we're limited by our inability to apply it.
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by arkis22 10y ago
You have a strange definition of critical discussions if you don't think people bring up their points and criticize other's viewpoints. I'm sorry, but I can't include complete philosophical essays about Objectivism, its
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by arkis22 10y ago
Except I didn't dismiss the philosophical critiques of objectivism as an echo chamber. I critiqued them as lacking logic and understanding. I said both sides are an echo chamber. I can sit here and give you my reasons, and then you can
320.
by arkis22 10y ago
I think it's a misnomer to think of capitalism and socialism, or objectivism, as solutions. They are structures or perhaps models. They all fail because of people not doing what they're supposed to be doing. The only true solution
321.
by arkis22 10y ago
I have read critique's and found their logic and understanding lacking. The same way they find my logic and understanding lacking. Both sides are echo chambers because neither side can prove anything. Philosophy is wild like that. The
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by arkis22 10y ago
There are scholarly critiques on everything. No philisophy is perfect. Capitalism and Socialism obviously have their scholarly critiques. Atlas Shrugged is a novel which happens to contain Ayn Rand's philosophy. You can learn from it o
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by arkis22 10y ago
The law you cited seems to do that. Companies have no right to stop consumers from purchasing goods that use their trade secrets without their consent.
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by arkis22 10y ago
Annnnd we've finally arrived at the classic liberal. I'm dumb, crazy, and there's something wrong with me. Why should your argument only apply to her and not you? You've listed no counter examples. Thank you, you too.
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by arkis22 10y ago
I strongly believe you are incorrect. And your insistence at labeling the values she espouses as being simply selfishness is a shallow understanding of her ideas. If you'd like to expand your history I'm sure I could give an examp
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by arkis22 10y ago
You could belittle any author as "merely" the result of their upbringing and psychology to invalidate them. That's not productive or fair. The story that you gave and your reaction to it shows a distinct lack of empathy. If i
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by arkis22 10y ago
I meant helping in the sense that when the two parties engage in a transaction, it's mutually beneficial. So the two parties obviously aren't harming each other (they're helping).
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by arkis22 10y ago
'all acts are moral if they are in your own self-interest.' Is obviously wrong. The villains of the book think that charity takes precedence over everything, or that they are intrinsically entitled to something just because they e
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by arkis22 10y ago
People have argued that, but I don't buy it. We have captains of industry that we hero worship today. Devil's Advocate: Jesus was the son of God, but we don't ignore his ideals as unrealistic.
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by arkis22 10y ago
I would like to recommend Atlas Shrugged to anyone who has not read it. It is long, and it is indeed preachy, but she nails so much about the human condition. I do think that most people that complain about her don't really understand

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