nimish

60 ms·

751.
by nimish 8y ago
It turns out buying votes in Congress is actually quite cheap.
752.
by nimish 8y ago
NJ has high property and relatively high income taxes. The US safety net is anything but. It barely exists and is extremely difficult to both qualify for and live off of.
753.
by nimish 8y ago
Increasing the payroll tax (from 12.8 to 14.4%) and removing the wage ceiling (but not the benefit ceiling) so that high earners who have accounted for most of the wage growth recently contribute a fairer share
754.
by nimish 8y ago
Of course they do. As the article says, teachers don't get social security and sacrifice current pay for future pay. This is California's voters not wanting to pay for promises they made.
755.
by nimish 8y ago
It is. Only 1/2 of the dies are connected directly to memory controllers. For actual production workloads you want EPYC which has a memory controller for each die, meaning it's 8 channel.
756.
by nimish 8y ago
This was the same "millennials don't want to do X" argument you heard a few years ago. That started to stop once millennials got enough cash to do X. A major, major confounding issue is simply not having the money. Of course
757.
by nimish 8y ago
And Wal-mart shares rose by 8% in the year after they announced wage increases. The broader issue is that shareholders have deluded themselves into thinking that they are the end-all-be-all of a company when in fact their contribution is li
758.
by nimish 8y ago
If you read the article you would know that labor wage increases are laughably low compared to share buybacks. Raising salaries 10% would barely even touch cash returns to shareholders
759.
by nimish 8y ago
> the tax rate is foremost in entrepreneurs minds when they decide to build a company in CA Sure, that's why nobody's built a company in CA in the last decade, and they all chose to build them in Seattle.
760.
by nimish 8y ago
That's an extreme interpretation of ownership, particularly of land, which is subject to the superior title of the government (eminent domain) anyway. You choose to live in society you have to play by its rules. You have a vote as well
761.
by nimish 8y ago
They can tap into the equity of their home to pay the taxes. Some jurisdictions allow for a property tax deferral until sale to avoid even this. Property taxes fund the society they benefit from so it's only fair that they keep paying
762.
by nimish 8y ago
It does. The fair price of the loan is the price that doesn't cause social harm. The lender figures out how to translate that into APRs and possibly turn a profit, or perhaps there's no price that's profitable and socially go
763.
by nimish 8y ago
Certainly not bankruptcy or the use of public resources like courts to collect debts Predatory lending relies on an uninformed target.
764.
by nimish 8y ago
1. Because the industry lobbied heavily for the CFPB and others to be neutered 2. There is demand for short term cash. But not for usurious loan sharking that has deep social consequences. Many of the "services" provided here are
765.
by nimish 8y ago
It is (or was) for credit cards. The banks, of course, figured out loopholes and with the CFPB out of commission, welcome to finance in America
766.
by nimish 8y ago
Taxes are fine, but thinking that you can replace regulation with a tax -- pigouvian or no -- is fantasy
767.
by nimish 8y ago
Why is that? A tax is slower and exempts the wealthy while inflicting the costs onto the poor. Regulation is cheaper, better, fairer and faster at getting policy implemented than a technical tax, and doesn't have the behavioral issues
768.
by nimish 8y ago
Not really. Britain banned textile technicians from leaving the country because textile machinery knowledge was overwhelmingly valuable. Semiconductor IP is not nearly that important.
769.
by nimish 8y ago
History rhymes. American industrialists famously begged, borrowed and stole machine designs from Europe -- Slater the traitor kickstarted the American cotton industry. Of course, the lack of foresight of Wall St is legendary! Many companies
770.
by nimish 8y ago
Leverage.
771.
by nimish 8y ago
They would sweep the cash into an interest-bearing account, and simply pocket the interest.
772.
by nimish 8y ago
The interchange fee is what's paid between banks. Your payment processor (Stripe, Paypal, Square, WorldPay etc) essentially act as middlemen who occasionally provide extra value. Depending on your volume and their product offering you
773.
by nimish 8y ago
That's a foreign transaction fee. Good cards will not do this. The actual interchange fee in the EU is closer to 0.3%.
774.
by nimish 8y ago
You'd be surprised. Handling coins and bills, dealing with unexplained losses, hiring someone to transport it to/from the bank, the time taken to deal with counterfeits, not having money immediately after purchase... It all adds u
775.
by nimish 8y ago
Of course, there's tons of theory and practice in nonlinear continuous optimization. It's interesting to see what machine learning practitioners will rediscover or reinvent next. Quasi-Newton methods appear to be surfacing again.
776.
by nimish 8y ago
> Although the FDA advisory committee recognized that the expenses would go up, Hendeles says, it also believed that the companies would help defray the added costs for individuals. If that's the naïveté of the officials who police
777.
by nimish 8y ago
The Fed (it's short for Federal Reserve, not some acronym) was created well after business cycles first appeared. The business cycle of boom and bust is characteristic of capitalism as a system, and if anything, the elastic monetary po
778.
by nimish 8y ago
In this case the "game" is outright corruption and quid pro quo. This is not a game without consequence.
779.
by nimish 8y ago
Of course it is. More and more markets are becoming oligopolies with high barriers to entry and high costs to consumers. We need a new trustbusting government to clear out the cruft.
780.
by nimish 8y ago
I am totally one of those people. My issue is with Valve attempting to wash their hands of any consequence of selling some of these games. If you take someone's money, you are endorsing their content. This is the exact opposite of thou

More ›