It's kind of funny to hear wealthy individuals complaining about not taxing their class proportionally. As if they are saying "This is wrong. But unless the government tells us we have to pay, we're still not going to pay."
Why don't these individuals, e.g. Buffett, this TED speaker, and others, just lead by example. Overpay their taxes to amount to whatever they think is fair.
Why do they have to wait for the government to tell them they must pay?
Or they say they will pay more only if other wealthy individuals do the same.
Either they believe in paying a bigger share or they don't.
This "I'm not going to do it unless he does too" attitude is child-like behaviour.
>Either they believe in paying a bigger share or they don't.
First, They believe in rules to enforce everyone paying a bigger share, and are lobbying to bring that about. There's nothing inconsistent in doing that whilst not individually making a bigger voluntary contribution. One might think that one's efforts are far better spent lobbying for a general rule then individually donating.
Second, people like Buffett have commitments to philantropy that I think would easily count as making a bigger contribution.
Insider trades are always based on stronger information than you have and they are never random. There is always a purpose when they are selling. Why are insiders selling pre-IPO?
A lot of folks would rather have $1M of real money than $10M+ of maybe-someday-maybe money. That's one lesson you can take away from past bubbles and missed sell opportunities. Especially for those who don't have FU-level wealth.
This sounds like DHH is predicting an imminent drop in his income. Call it a bubble. Call it inflation. Call it whatever you like. But he's probably right.
This is how individuals working with open source software beat a large corporation where by all accounts they should not stand a chance. Bureaucracy is the Achilles Heel.
There's nothing worse than spending lots of hard work scraping sites to build your search engine and then having bad guys perpetrate the scraping of your search engine.
Maybe it's some sort of karma. If you scrape, then you will get scraped.
That's not what Webster's dictionary says. A capitalist is someone who has capital for investment. Would you agree with that definition? It certainly does not imply that a salaried worker is not a capitalist. Every person with a 401k is a capitalist by this definition.
It's true you don't have to be a socialist if you are not a capitalist. But in terms of `ist's, what else would an American likely be? A communist?
Why don't these individuals, e.g. Buffett, this TED speaker, and others, just lead by example. Overpay their taxes to amount to whatever they think is fair.
Why do they have to wait for the government to tell them they must pay?
Or they say they will pay more only if other wealthy individuals do the same.
Either they believe in paying a bigger share or they don't.
This "I'm not going to do it unless he does too" attitude is child-like behaviour.