So you dry off your butt first and then your face with the same towel?
So you dry off your butt first and then your face with the same towel?
How many people who worked on Morrowind, Oblivion, and/or Skyrim are still working there? This is a question I feel does not get asked enough when it comes to beloved franchises. People talk about their favourite game developers and how they “sold out” or whatever. I don’t think I see enough recognition that sometimes the best people at a company just leave.
Yeah exactly. I’m not a biologist but I am aware that horseshoe crabs are harvested for their blood and its unique properties. How much evolution (in the last 450MY) have they undergone in terms of their immune system and other microbiological processes? We may never know but I think it’s quite a stretch to assume “none!”
Taxing profits just means the company will borrow from investors (by issuing bonds) and then instead of profits paying out as dividends the company shows losses from interest payments.
I would rather try land value taxes.
Putting a huge percentage of a company up for sale on the open market is going to tank the price no matter what the fundamentals are. It’s simple supply and demand: you’re putting a huge glut of supply on the market and not putting similar demand. All those sell orders will begin expiring as the offers drop in price.
The largest owner of shares putting everything on the market at once is strong signal that the stock is overpriced and so buyers will react accordingly.
By the way, TSLA has a P/E ratio in the 60’s so it’s not exactly a great deal anyway.
I’m neither defending nor attacking capitalism. I’m just pointing out that putting heavy taxes on illiquid assets leads to huge disruptions.
The increase in value of shares above book is called unrealized gains. They can be here today and gone tomorrow. Taxing makes no sense unless you’re going to reimburse the taxes if the shares drop in price.
Shares aren’t always given to you as a reward. If you are the sole founder of a company then you create the shares yourself and decide who to give (or sell) them to. If you choose not to take your company public on the stock market, then what your stake in the company is worth is unclear. Sure, the company may have assets (equipment, properties, resources) but that’s only the book value. The true market value of the company might be much higher.
Look at a software company. The software they create might never be sold, only used to provide services. The market value of the company could far exceed the book value of all the desks, chairs, computers, and other stuff the company has at the office. But you don’t really know that if the company never goes public. So how do you tax it?
if he were able to convert all of his $241.8B to cash
That’s the assumption everyone makes but it’s a false premise. If he tried to sell all his shares it would cause the stock price to collapse, his wealth would plummet, and his companies would be in jeopardy. Far from being able to give all of them $1.6M, they would all likely lose their jobs.
That’s also the issue with taxing them. If someone owns a billion dollar company (based on the price of their shares of stock) we call them a billionaire but they might not have very much money in cash (say a few million). Suppose we want to tax them 10% of their wealth: that’s $100 million! They don’t have enough cash to pay for that, so they have to sell shares, which causes the share price to go down, which negatively affects the company and the workers.
I think the issue is with how we view ownership of a business vs other things, like a yacht. The yacht can be sold to pay taxes and it won’t affect other people. The company cannot. In a lot of ways, the company isn’t just a possession of the owner, it’s a responsibility. These days I feel like we don’t talk enough about responsibility.
Travis has an excellent video about the brown recluse. It goes into rather excruciating detail! He even covers the story about all the false attributions, including a map which shows how it comports with the spider’s range. Interestingly enough, people who live inside its range are much better at correctly recognizing the spider!
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And Nevada! God bless those slot jockeys!
Maybe the diamond magnate will hire locals to build statues in his honour!
The fact that he feels the need to say this is a sign of his vulnerability, of the pressure he feels. The chorus of voices is only going to grow louder as Ukraine kills and captures more and more soldiers, more conscripts.
Putin blaming the security forces is the beginning of the end for him. The domestic security apparatus is the only thing keeping him in power.
Brilliant. She has real gravitas. That’s what you need for this role. The ability to carry the weight of history.
“Support the war or go to jail for 10 years!”
How many are going to take the 10 years?
Yes or he’s afraid that if he gives the order to fire a nuke it will be refused and then he is finished. Firing a nuke at Ukrainian forces on Russian soil is no trivial matter. You end up destroying Russian towns and civilian infrastructure.
Ukraine’s forces are now spread out too much within the Kursk region. He needed to fire the nuke at the beginning of the incursion. But of course that would’ve been before he had the chance to evacuate all the civilians from the area.
I think the realities of all this prove that tactical nukes are pretty useless as a defensive weapon. They seem to mainly have their use for a surprise first strike.
He still might! Suppose this goes on for several more years and Ukraine keeps getting support and gaining more territory. Then they decide to make a run at capturing Moscow, Prigozhin style. Putin might decide that nuking Kyiv is his only chance at stopping Ukraine from toppling his regime!
Between this and the looming collapse of the Russian rail network (due to lack of maintenance and supply chain issues for rolling stock parts), it’s finally looking really good for Ukraine. Now we just need Kamala to win so that they keep getting supplies for the campaign.
If everything goes right, Ukraine could topple the Putin regime. Kind of crazy to think about right now though.
Then stop wearing one and let the ladies have their fun!
But the code still comes from the same place!
I do, but I still wouldn’t do that!