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Joined 11 months ago
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Cake day: January 8th, 2025

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  • 15bn belonging to the genius

    Oof.

    Anyway…

    The regulation part is absurdly easy: they get a tax bill, they sell their shares, they pay the tax bill.

    Operating costs don’t have anything to do with personal wealth. The company pays the operating costs. If the company’s revenue is greater than its costs, it pays dividends or reinvests and in theory, the stock prices goes up. See above.

    The problem isn’t the logistics: point gun, take money. That’s pretty straightforward. The problem is ramifications. If billionaires can no longer grow their wealth, what would happen? Well, for one their control over these companies would wane. If Musk can’t own more than a billion, then he’d have to sell a bunch of stock, which means he would have less control over the board, and thus less control over decision-making. But is that such a bad thing? Are the skills and personality that cause a company to go from zero -> public the same ones you want once the company has grown to a large size? Idk, maybe ask Zuckerberg about Oculus Rift and the Metaverse.

    I don’t think anyone actually knows what would happen. But we do have a lot of data on what happens if you significantly increase the marginal tax rates for upper income brackets, and it sure seems to benefit society as a whole, but depends on what outcomes you’re targeting. And that doesn’t actually target the ~900 billionaires in the United States because most of them earn money through capital gains rather than regular income.




  • I tried the free trial recently, and… it wasn’t for me.

    Cool art. Running around and interacting is pretty straightforward. Good linux/proton support (though couldn’t recognize my controller immediately, so I just went mnk).

    But it’s delivery missions for like 10s of hours. I don’t have much MMORPG experience, so maybe it’s just not the right genre for me. I had more fun in character creation than I did in the actual game. Plus I couldn’t play at all during peak because I apparently chose a popular server/world. Combat felt clunky on mnk.

    If I had friends who played, maybe I’d be more inclined to push through, but as a solo player it felt like doing chores.