• DarkCloud@lemmy.world
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    9 days ago

    Lost to the tune of still earning millions of dollars a day.

    I hope to lose that big one day some day so I could set up a fund or two, to fix a bunch of stuff about society - you know, like a member of the same species would.

    Remember billionaire who are doing that are not a member of the species… And ergo they have no human rights or protections.

  • protist@retrofed.com
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    9 days ago

    Analysts at SemiAnalysis ahead of the election feared the worst…“[Hinojosa] would impose a moratorium until legislation is passed that gives communities a voice, protects household utility bills, and ends the tax incentives for data centers."

    Few sentences more effectively demonstrate the disconnect between billionaire capitalists and the rest of us.

  • eicker@lemmy.worldOP
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    9 days ago

    For an industry obsessed with risk models, betting everything on Trump’s popularity was quite a choice. Especially while telling ordinary people to accept higher power bills and endless data centers. Turns out the electorate wasn’t as easy to disrupt as the CEOs hoped.

    • sexy_peach@feddit.org
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      9 days ago

      I mean from history we can learn that those with lots of power aren’t more intelligent than most. They get greedy etc

        • shalafi@lemmy.world
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          9 days ago

          There’s a psychological term for how when we humans acquire fortune and power, we no longer think the rules apply to us. I have a twinge of that just from being a middle-aged white guy. Though poor ATM, there are rules I slide on because privilege. Now imagine being worth billions.

          Anyone know the term?

        • proudblond@lemmy.world
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          9 days ago

          This is the truth. I’m married to a software engineer, and let me tell you, some of his holiday parties were eye-opening for a lowly arts administrator like me. They’re all totally out of touch with how normal people live. Especially if both income earners in a household work in tech.

          • [object Object]@lemmy.ca
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            9 days ago

            The opening of Silicon Valley hits so fucking hard.

            I don’t know how Mike Judge is consistently so right.

    • [object Object]@lemmy.ca
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      9 days ago

      I’ve worked in tech a long time and never have I seen an actual risk model used.

      I have had CEOs tell me they don’t like my analysis and there’s gold in them thar bad decision hills, and they don’t care what my numbers say.

      I get some schadenfreude watching the disaster unfold, but it usually ends in decent people getting fucked over by management.

    • CultLeader4Hire@lemmy.world
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      9 days ago

      They’re venture capitalists they’re obsessed with risk in the sense they believe big risk = big reward and are vain enough to believe they can force several hundred million people to vote against their best interests with some poorly done smoke and mirrors. They forgot most VC ventures are failures because they’re too far up their own asses to see reality anymore

    • Grandwolf319@sh.itjust.works
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      9 days ago

      I think what happened was a FOMO moment in which Elon’s contributions worked really, really well in 2024 so everyone else just jumped on that bandwagon.

      The rich believe that the endgame is near so they are very ready to take as much power as they can.

  • OctopusNemeses@lemmy.world
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    9 days ago

    They were going to lose anyway. Everyone seems to memoryhole that the Biden administration was on the verge of forcing Google to sell of chrome. They were probably going to enforce more antitrust on big tech.

    But of course people memoryholed it. They control what you see and think.

    It’s no surprise they comply with Trump’s arbitrary whims. The tech industry didn’t gamble. Trump was their only choice.

    • Red0ctober@lemmy.world
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      9 days ago

      They could have chosen to spin off parts of their companies to avoid a forced breakup. They could have chosen to fight back against disinformation during the 2024 election. And they could have chosen to say no to Trump and his mad king decrees. But, they chose to side with the fascists, and that’s now the only decision that matters.

    • shalafi@lemmy.world
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      9 days ago

      The very first thought in my mind when I woke to Trump 2.0, “There goes Lina Khan, our last best hope.”

      She was set to tear these anti-capitalist monopolies down and get democracy back overseeing the economic system. At least Mamdani snatched her up and she’s kicking ass for NYC!

    • protist@retrofed.com
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      9 days ago

      We don’t have to, the government can literally take their money if we collectively decide to. Personally, I think “no billionaires” is a pretty good policy. Once someone’s net worth hits $999M, the government takes all their income above that amount, taxes any gifts they receive at 100% of their value, takes all their capital gains, etc.

      • TerdFerguson@lemmy.ca
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        9 days ago

        I think that once you hit $1B, a red laser dot appears on your forehead.

        The phone rings: “Decide your fate, or it will be decided for you.”

          • Zink@programming.dev
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            9 days ago

            Yeah, it should probably be a progressive rate but with the catch being that the rate never stops increasing!

            So maybe we start very small – a 1% tax on wealth over $10 million. And that $10 million is also our magic number below which the wealth tax cannot drag you, which will be important in a second.

            Then there are a few tiers above that which don’t need to be fancy. Maybe add 1% to the incremental rate per $100 million.

            But then at $1 billion, the incremental rate becomes 100%. So if you end up over the limit you essentially get set back to $1 billion, which is further taxed according to our imaginary progressive rate.

            I also wonder if it might be a good idea to provide a strong incentive for the individual to disburse their gains to charitable causes rather than the burden of administration always falling to the government. One interesting thing might be to introduce one or two even higher brackets that go above 100%.

            Say that at $2 billion the tax on each additional dollar becomes 150%. That means that if you get lazy or just want to hoard wealth short term, you not only get knocked back down to $1 billion but lower than that.

            Honestly though, we don’t need that complexity. 100% wealth tax on anything over a billion and the government does extravagant shit to honor the top payers each year and names buildings after them and whatnot.

        • thinkingofyouihaveananxietydisorder@quokk.au
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          9 days ago

          or just kill them. we don’t get anything from them existing and their existence is always a monument to exploitation. I don’t know how rich it’s possible to get on luck talent andhonest work, but it’s a hell of a lot less than a billion dollars.

  • atrielienz@lemmy.world
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    9 days ago

    Seems pretty safe to say MAGA lost the House and the Senate and still, ain’t ‘nothing gon’ happen.

    • atrielienz@lemmy.world
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      9 days ago

      @[email protected] something for you?

      Or are you naive enough to think all the sudden there’s a plan to undo all the bad shit that’s been happening the last couple of decades that didn’t get fixed during the time democrats previously held the house and Senate?

      Or, perhaps you have something you’d like to share about how they’re going to counter presidential Veto power?

      • Gerblat@lemmy.world
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        9 days ago

        …what? Do I know you? 😅 I don’t think we’ve ever actually interacted. Unless you thought you were on another one of your accounts or something…

        But just to humor you, yes obviously a lot of established Democrats are shitty, and have done shitty things, and rarely undo shitty things they could have. But you cannot seriously compare them with an out-in-the-open cabal of fascists and child-rapists. That is orders of magnitudes worse, and the US has been in free fall since they took over (again).

        I don’t pretend to know all the answers, I don’t claim that certain things will happen, all I ever advocate for is to make changes where we can, usually by voting, and continuing to have hope that we can move toward a better future. Massive change cannot happen overnight, and before we get to a fully progressive government, we have to go back to an actual functioning democracy first. These midterms are the first step toward that, and with the amount of progressives getting elected, and the shear number of seats turning from red to blue, it was more of a success than most people even dared to hope for.

        If you or anyone else has problems with that, or casts doubt or aspersions on it or on people celebrating this win, then I have to question what your end-goal really is

        • atrielienz@lemmy.world
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          9 days ago

          I’m not comparing them to MAGA. But you sure did read into what I did say and put your own spin on it.

          • Gerblat@lemmy.world
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            9 days ago

            all the bad shit that’s been happening the last couple of decades

            Buddy, if you weren’t at least mainly talking about MAGA here, then I guess that means you prefer the way they do it

          • Gerblat@lemmy.world
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            9 days ago

            Oh wow, so you called me out by name because I downvoted you?? 😂 The absolute fragility…

            Did you see this one too?

            • atrielienz@lemmy.world
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              9 days ago

              Darlin, I called you out because you had nothing at all to contribute to the conversation and yet you apparently had an opinion.

              • Gerblat@lemmy.world
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                9 days ago

                So just because I disagreed with you (or thought you were a fucking moron not worth the time it would take to refute your shit) you typed up a response calling me out?

                Do you do that to everyone who downvotes you without comment? Because if so I gotta tell you, I have a feeling you are a busy bastard

                • atrielienz@lemmy.world
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                  9 days ago

                  Lol. Nope. I picked you out of the clear blue sky on a random Wednesday just for shits and giggles.

              • Gerblat@lemmy.world
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                9 days ago

                LMAO holy shit I just saw his edit, he thinks we’re the same person 😂 he cannot fathom that more than one person might downvote him

  • Zorque@lemmy.world
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    9 days ago

    Tell that to California, who just decided it didn’t want to tax billionaires by a landslide.