yes other people took that risk too but they had less capital backing and folded because that's how capitalism works, the rich and those who find themselves in the right place at the right time win and the rest loseReally... You realize move towards AWS required no capital but was a huge risk. Now it generates him millions but it was a massive risk at the time. Also, the irony here is he created a way for companies to start without needing capital (no longer need to buy/build your servers in advance and creating an MVP model to demo for venture capitalists is pretty much free in AWS). Now go watch another Netflix documentary about the evil tech CEO's which you can watch for less than 15 dollars HD because ... they save costs by hosting it all on AWS
Wealth & Income Inequality
- Thread starter Eboue
- Start date
-
In the latest episode of the United Hour Podcast, Nik and Imran discuss a horrific month of December and a depressing FOUR defeats in a row - the latest coming against Wolves and Newcastle.
They discuss how much blame is on Ruben Amorim and rank our squad against other Premier League teams.
Do we have any chance of avoiding defeat at Anfield?
Yeah but Carter opted to go back to farming and building habitat for humanity homes. Presidents always have the option of doing speaking engagements after they leave office, so if you tabulate each event at about 500k per whack over a period of years, that sort of thing tends to add up over time.
Its about Power mate.
that is what these scum are about.
The only way to take back what belongs to the people is gain Power through teh vote and make them give it back.
And they Will.
Who did? Any references? Show me one company that took that risk.
i already mentioned them above it wasn't some kind of surrealist aside
Imagine what he could have done had he trained hard...
Doesn't sound like AWS and besides, they did a shitty job at execution. Nothing to do with Capital here. Developing AWS needed good execution and planning.
As I said. Some Presidents choose to dedicate their lives to just causes. The Clintons dedicated theirs to trying to absolutely maximize their personal profit at all costs thus the opportunism of their actions over the last 19 years.
Doesn't matter. I can't walk to the cafe to get my burger without huffing and puffing. What gives Usain the right to be running around like that?!
What are we doing, me and you?
Poems that don't rhyme should be a crime.
Imagine what you could have done if YOU had trained properly.
I am not maximizing my personal profits at all costs if that is why you are implying.
I can't say what you are doing obviously
Not at "all costs" but we all have a cost at which we want to earn money. Maybe you do it at the cost of waking up every morning when you're a night time person for instance. Question is are they unfairly benefiting/taking away someone else's money or causing stress to someone else.
Its possible in theory. Its not possible when the rich and powerful special interests don't care about that and have other goals. As @Red Dreams says, its time the people starting working on reclaiming power instead of just arguing over chaff and letting the elites redistribute more wealth to the .1%
Who said it was a poem.
Yes, they absolutely have.
And for me I will not take jobs in industries, companies or for individuals I do not believe in and do not respect. I could be making more money right now if I had no morals and was willing to work for shady financiers for instance.
As Jon Stewart said, when you work aligned with your morality it might not pay as well but at least I can sleep at night.
Do you believe in universal moral laws or that we each have our own set of morals?
With hard work and dedication we could all beat his record
Its possible in theory. Its not possible when the rich and powerful special interests don't care about that and have other goals. As @Red Dreams says, its time the people starting working on reclaiming power instead of just arguing over chaff and letting the elites redistribute more wealth to the .1%
Interesting.
Does the data give any reason for the Bottom 90% having an increase around the mid 80's.
I cannot recall anything specific.
It's the recovery from the early 70s recession, the long dip into the present is the result of Reagans neoliberalism which has only been accelerated by presidents and congress since
Carter is obviously the outlier here. Can't fault the rest of them for making money when its there to be made.
I don't think I have time to answer this as nuanced as required.
I generally believe Kant's categorical imperative is a valid universal moral principle expressed in different ways across cultures. Not to say there aren't exceptions or rare circumstances that perhaps might violate the general principle in some way because I am not a fan of absolutism
For instance high frequency trading is a very clear violation of Kant's categorical imperative. If everyone tried to do what they do it would break the system. So its easy to see how that is immoral from a Kantian perspective. High frequency trading is also a violation of utilitarian morality (its not a greatest good for the greatest number calculation).
In fact I fail to see any valid moral system could be used to support HFT
You will have to give up the burgers first my friend.
I am 68 and still run regularly and when I was at school I was a reasonable sprinter. We had an excellent PE/PT teacher and I can assure you I worked incredibly hard. But I had my limitations and no matter how much I tried County Champion was my limit.
Happy days though.
Thank you for the response.
Are you saying you can't fault someone for choosing to dedicate their life to personal power and profit over helping people or dedicating themselves to some morality besides greed and money?
Which distinguishes your stance her from Ayn Rand then?
I was fortunate enough to have worked with someone who, during University was part of Bill Clinton staff. This guy, who was super intelligent himself was incredibly impressed with how clever Clinton actually was.
I have always been impressed with how clever some con artists and grifters were, doesn't mean I want them as President
Even if we reverse the tax codes to tax higher earners pay more, we need to think about the huge National debt created by them.Its possible in theory. Its not possible when the rich and powerful special interests don't care about that and have other goals. As @Red Dreams says, its time the people starting working on reclaiming power instead of just arguing over chaff and letting the elites redistribute more wealth to the .1%
They need to be made to pay down that. Not ordinary folk.
I have always been impressed with how clever some con artists and grifters were, doesn't mean I want them as President
Point taken.
Not sure that any of our politicians are really that clever though.
As you say it is all smoke and mirrors.
I'm always humored by @oneniltothearsenal 's obsession with HFT. You are right in that they do nothing of particular value to markets or anyone else, and yet collect a rent. But if I were to put in order all the injustices and rent-seeking I'd like to fix in the economy, they'd be pretty far down the bottom.
They are an easy and obvious example is why.
But please list for us some of the other injustices and rent-seeking you see in your daily life.
I have no clue about HFT's morality. Will take your word for it. I just see too many people that avoid taking part in "immoral" stuff as a stance but then being hypocrites by benefiting/using the same system. Usually out of good intention but just ignorance. I think we all do it.
I have my own set of morals too. Being a software Engineer, I'll never work for drone technology development, Defense companies or anything of that sort that make weapons. However, when an evil gang is on the lose I'm gonna be the first advocating force against them. Point is, I am well aware of my hypocrisy here but I still cannot ever bring myself to work for such companies.
I can understand if others feel the same about banks but I think it's good to be aware of our very own hypocrisies as well. We're all too busy blaming others.
Not always. Monapolizing a huge market also does it. Microsoft is huge because they crushed their competition very early on in the computer boom so when it came time for every company to gradually intergrate a computer system they picked Windows.
I also don't believe J.K. Rowling stole from any workers so you need to generalize a bit less.
Another problem which involves Amazon while we're at it. Multiple reports have noted that working conditions in their warehouses suck. So go ahead and defend almighty Jeff Bezos to the death. And yes, governments across Europe are at fault as well for not doing enough.
I'm not denying that. Like I said pains me that I have to defend Jeff Bezos who does treat his workers like shit especially compared to some other better CEO's but to say it's wrong and unfair that he earns the amount of money he does without considering the benefit he has generated (in comparison to which that . money fades) is very ignorant.
Like I said we need better regulation.
regulation which won't come because people like bezos buy newspapers and pay politicians not to enact them
The focus needs to be redistribution of wealth.
The more ordinary people have the better the economy.
Policies Social Democrats advocate will be a start to get the ball rolling.
The more ordinary people have the better the economy.
Policies Social Democrats advocate will be a start to get the ball rolling.