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𝙒𝙞𝙡𝙡 📌
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𝙒𝙞𝙡𝙡 📌
@aitche_
32y • 9-5 software dev • here trying to understand different perspectives · 🇺🇸 · have a nice day
Katılım Şubat 2020
762 Takip Edilen271 Takipçiler
@Gingerjaggoff @Fat_Electrician I quoted a number I was taught in HS economics. Probably out of context. Sorry. Good for you finding a real number. My point is still valid. Commercialized innovation would not exist without public research/data/investment. Including military
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@aitche_ @Fat_Electrician Private and publicly traded Businesses funded 75% of our R&D in 2023 vs the 18% funded by the government that same year. The rest is supported by universities and nonprofits.
making up that 90% statistic is intellectually dishonest, when the real answer was real easy to find🤷
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Hey, remember that time we implemented income tax only for the top 3% of Americans? Then it applied to everyone, and the top 3% hired accountants to use loopholes to avoid it. And it to this day fucks everyone else? History repeats itself, thats issue.
Bernie Sanders@BernieSanders
Ok, Jamie: Let me clear things up for you. If my 5% wealth tax on billionaires was enacted you’d owe $135 million more in taxes & a family of 4 making $150,000 or less would receive a $12,000 payment. Oh, and you’d still be worth more than $2.5 billion. Seems pretty fair to me.
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@Gingerjaggoff @Fat_Electrician There are countless examples of governments providing public utility, including funding 90% of the research that leads to the innovations you’re talking about.
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@aitche_ @Fat_Electrician Well there are countless examples of innovation that has gone on to save Millions.
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@RedneckSniper76 @Fat_Electrician who is the "they" who amended the constitution?
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@Fat_Electrician Remember that time they implemented income taxes and it was ruled unconstitutional so they amended the constitution to allow income tax? Then they implemented it and said it was a temporary tax… still paying that same temporary tax today
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@Gingerjaggoff @Fat_Electrician Should innovation at all costs be valued above people living good lives?
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@Fat_Electrician No one can answer this question! If taxing the rich is the goal, What is the incentive for an entrepreneur to become successful? Where is the drive for innovation? Why should someone be motivated to be better?
All this does is stifle future innovation 🤷
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@Fat_Electrician I do remember that time. The poverty rate was over 30%, or 3x what it is today.
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More than you're paying now, duh.
Acyn@Acyn
Kilmeade: What do you say to people like Bernie Sanders who says billionaires don't pay their fair share? Dimon: I don't know what he means by fair share
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The capitalist media doesn't support investigative journalism because the Epstein class doesn't want people investigating their crimes or realizing that we don't actually live in a democracy.
Aidan Regan@Aidan_Regan
The death of investigative journalism is a core part of the democratic malaise. Imagine how much better our democracies would be if journalists spent their days on corporate corruption and money in politics - instead of poll numbers and political soap operas.
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@jlrizzoii @mattpuddister I don’t know what that comment has to do with what I said. Are you actually arguing something? It sounds like you agree with me.
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@aitche_ @mattpuddister You can't separate economy and governance.
But problems of goverance are not unique to economic systems. Saying that goverance problems only arise out of capitalism is at best a utopian argument.
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Saying monopoly capitalism isn't "real capitalism" is extreme cope. Under capitalism, free competition always transforms into monopoly. The postwar boom was a historical anomaly. We need to nationalize industries like airlines and democratically run them under workers' control.
Adam Cochran (adamscochran.eth)@adamscochran
Well you see: * We started bailing out big businesses, and ignoring anti-competition laws. * Businesses deemed "to big to fail" no longer needed to compete on customer satisfaction. * They optimized for the short-term quarterly KPIs of the stock market and shareholders. * Other businesses had to follow suit just to be competitive. And so America moved from real capitalism, where consumers vote with their wallets, to a post-capitalist oligarchy, where the wealthy buy votes. This was entrenched with Citizen's United allowing unlimited dark money into politics, preventing laws from rolling this back. So businesses went from competing for happy customers, to competing to make the most dollars for those who owned the government. And the enshittification of America was cemented. Real capitalism is what we had in the 1970s with strong unions, a growing middle class, reasonable taxes and businesses that provided quality goods and services. Oligarchs spent a fuck-ton of money telling you that what you have today is capitalism and that you must either defend it (or hate all capital) because it keeps you in-fighting between political parties instead of being angry at them. When we realize that good capitalism involves social programs, labor, and businesses that do right by consumers - we can get back to this world. We can have leg room again!
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@jlrizzoii @mattpuddister The solution for what you are talking about is not no regulation. All markets that are able to be monopolized need to be regulated. Or someone will win it and wield monopolistic pricing power.
Yes, regulators themselves can be corrupted. A secondary market dynamic.
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@jlrizzoii @mattpuddister Ok. I agree with that. I don't agree with OPs original assertion that all markets tend towards monopolies.
Only goods that are monopolistic in nature are able to be monopolized. Most markets are not. Like the one for tomatoes.
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@jlrizzoii @mattpuddister It's a statement of economic principles. In reality it's possible the cell phone market in Canada is poorly regulated, leading to harm to consumers. Those can be different things.
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@aitche_ @mattpuddister That's a nice statement of goals, but not an actual reflection of reality.
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@jlrizzoii @mattpuddister The government has a responsibility to ensure companies that produce a naturally monopolistic product (like a utility) do not leverage monopolistic pricing power, if that's what you mean.
Capitalistic markets only function well with regulation, after all.
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@aitche_ @mattpuddister Except the government can and does create situations that distort the market where market is dominated by small number of companies.
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@mattpuddister @aitche_ Public choice theory explains why this is happens.
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Is Pangram useful?
Sort of, but not for the customers it's selling to. It should be selling to Palantir and the government, not to schools. The false positive rate is also much higher than "1 in 10,000."
pangram-report.vercel.app
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Somehow I missed Apple releasing Airpod Max 2?
Current generation is 5 years old and still the best product Apple sells. No reason to upgrade and I still will.
apple.com/newsroom/2026/…
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@mattpuddister Farmers who themselves are engaged in capitalism, but are not monopolists.
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@thndrBddy @rushicrypto Mostly you're paying them to respect the imaginary lines on the ground that define your property.
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How many fucking taxes pay for roads? All of them? Do all the taxes pay for roads? Why can’t anyone come up with any first example other than roads?
The question is rhetorical because the answer is obvious; people have no fucking clue what the government does with our tax dollars
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I’m very confused about the number of people who think “property tax” is a sales tax on you home rather than taxes to pay for public services you use every day.
“I paid off my home why do i still pay property taxes?!?!?”
Oh, did you also stop using the roads and libraries and sidewalks and parks? Not worried about fires anymore?
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@mattpuddister 1. An oligopoly. You are correct to point out that utilities are generally monopolistic products. Unlike tomatoes, which are a commodity.
2. Nice try, but Monsanto does not grow a single tomato.
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@aitche_ 1. Canadians pay some of the most expensive phone plans in the world because three companies—Bell, Rogers, and Telus—own 90% of the phone market. What is that if not monopoly control?
2. Monsanto holds a dominant position in the tomato industry. seedalliance.org/2008/who-owns-…
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@mattpuddister 1. A handful of giant corporations is not a monopoly.
2. the tomato industry.
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@aitche_ What private-sector industries today are not dominated by a handful of giant corporations?
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