So Jeff Bezos and Elon Musk (and other stupidly rich executives) created hundreds of billions of dollars of value themselves?
Of course not. They got their through exploitation. Any profit that a business has is value not being paid back to the actual workers who created the value of the company through their labor.
Nobody has ever worked for $100 billion. Or $1 billion. Or $100 million.
The recently proposed wealth taxes (e.g., Elizabeth Warren’s proposal) that work the way you’ve described would only start on wealth above $50 million.
So your framing of such a tax as a way to steal from your working-class retirement funds is incredibly disingenuous. Unless, of course, you have 8+ figures of wealth. In which case I hope one day you’re made to pay your fair share to society.
> And the answer is: when the rest of society slows down, suddenly those who couldn’t keep up don’t feel so behind.
Well said. This goes beyond even the socioeconomic causes of suicide that you mentioned and surely includes people with depression, (social) anxiety disorders, etc.
You’re completely missing the point I was making. It’s not about the snarky tweets. It’s about how big and powerful corporations have become.
I don’t know why I’m surprised; HN has shown me more and more that otherwise intelligent people are more than happy to support corporate friendly narratives and anti-progressive ones.
Your implication is that Bezos’ employees were inconsequential to the creation of all that brand new wealth. Surely you don't actually believe that and this is just your ideological rhetoric to further your politicized beliefs?
You’re clearly not being charitable to her if you read her tweet and thought she meant Amazon has to be broken up because their tweets are snarky towards her. She’s saying that Big Tech in general is so powerful—they can do whatever they want—and then snap back at politicians in snarky tweets without a care.
I don’t feel like Blind is a good source. Selection bias at play. Especially with disgruntled employees or the ones who only care about optimizing earnings.
Well if you listen to some Tesla fanatics including boss man Elon himself, traditional car companies carry too much baggage from their ICE platforms to transition to EVs successfully, so all this “experience” they have is a net drag.
Meanwhile outside the Tesla/Musk bubble, traditional car companies do not have QC issues like Tesla’s and are even outselling Tesla in major EV markets like Europe.
At least Musk is finally admitting to the QC issues.
> According to a source with the Yang campaign, his revamped UBI plan would grant 500,000 New Yorkers in the greatest need an annual $2,000 - $5,000 through a program administered by the city’s Human Resources Administration, the same city agency that administers other benefits programs.
So it’s municipal-level welfare (means tested). Calling it scaled-back UBI is pretty disingenuous. Also, I wonder how well this works at the city level.
I haven’t read the linked AnandTech article yet, but is there a clear answer why Apple was able to defy common comp arch wisdom (M1 has wider decode which works fine for various applications/code)?
Im skeptical as well. The primary reason IMO is the software. How do you easily reconfigure your FPGA to efficiently run whatever computationally intensive and/or specialized algorithm you have?
Can you expand on why Intel’s move was smart (what did the Altera acquisition do for them) and why FPGAs have a bright future in the datacenter?
From what little I’ve seen in this space, FPGAs have not made large inroads in the ML space or datacenters in general. This seems partly due to their inefficient nature compared to ASICS and moreover their software.
Unless AMD is planning something really ambitious (e.g., true software-based hardware reconfiguration that doesn’t require HDL knowledge) and are confident they’ve figured it out, I’m not sure what they hope to achieve here.
Of course not. They got their through exploitation. Any profit that a business has is value not being paid back to the actual workers who created the value of the company through their labor.
Nobody has ever worked for $100 billion. Or $1 billion. Or $100 million.