This is a point that never seems to be considered. Even if inflation has slowed many aspects of living costs have 'stabilized' at a much larger portion of household 'wealth.' That wealth has not gone up at anything approaching a comparable level. It's a class war incursion on populist territory.
You keep pounding on company profits implying there should be a limit imposed by the mighty state on how much a company can make in profits.
Then what is the limit on investor losses that you are willing to underwrite ?
You cannot have your cake and eat it too, take away from entrepreneurship when it succeeds and let investors eat the whole of losses when things turn south.
To all of those who say “just don’t go there” It is these type of businesses that. 1. Will not hire full time employees so they don’t have to provide insurance. 2. Constantly cry that there is no way to afford paying their part time employees a livable wage. 3. Lobby the government to keep these shitty rules in place so they can keep feeding their greed.
I'd love to hear what you think about Harris's plan to address price gouging. The press has pulled out every economist willing to criticize it or claim it will make things worse. What do you think?
Stock buybacks should be illegal again, it’s nothing but stock price manipulation and always leads to layoffs while the board and a handful of filthy rich investors get richer.
I'm no capitalist (or economist), but regarding the stock buybacks...
I've a bit more faith in private companies with a clear sense of their market, than public companies whose random investors care more about the share price than the product. This faith may be misguided; private companies aren't necessarily more ethical, scrupulous, or efficient, yet they are often more focused on quality.
Dell computers and Theakstons brewery are some private buybacks that interested me this way.
Can we please focus on the foods that "real" & very modest means folks might tend to care about... eggs, cereal, bread, milk, orange juice, chicken, peanut butter..... careful shopping can feed a family of 3 for a week for what you're spending at Cheesecake Factory, Chipotle, Starbucks...
According to Brahmin David Brooks, there's no such thing as greedflation and anyone who says there is is "economically illiterate." This from the putz who complained about a pricey burger at the airiport when it was actually his bar bill that was the problem.
Not even kidding, though: our homes are our habitats. Maybe the arrangement, amount, or condition of the furniture is somehow impeding you, be it by blocking natural light, hampering movement, or what have you, and (re)moving it could help.
And then realise that the problem is systemic as fengshui encompasses the way things are arranged globally. This is why a lot of buildings in Hong Kong have massive holes in them; to let the qi flow through. Or to let dragons fly through, I don’t know. My interest in fengshui is purely cultural, not practical.
@bitterdonald people complained and Kickstarter worked out their problems, so I just sent a page for people to click on. Click on it, and it should feed to my.bookfunnel.com
aaaah that's why... Apparently Kickstarter sent me an email in the short time my domain expired when I was on vacation, so it bounced and they stopped trying to send me stuff.
I'm sure this is covered in the book somewhere under "don't bloody let your domains expire"
it's ok. When you put the inevitable errata on your website, you can add a footnote to Chapter 4 that just says "if you let the domain expire, life is gonna suck. Don't do that."
@bitterdonald I logged in to BookFunnel and #RYOMS wasn't listed. Then I clicked on the link from the patronizer post on TiltedWindmillPress and then selected the ePUB and PDF downloads. After that, I refreshed my bookfunnel page and it showed up in "My Library" with the other books. Now I have 350 pages of...well, I haven't read it yet, so it might be almost certain doom, it might not.
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I just discovered the APC Back UPS 500 starts making a loud beep when its battery fails and you cannot disable it even though it would keep working on AC. mastodon.social/@gvy_dvpont/11…
We've got this cheap egg cooker that plays the loudest, most terrifying alarm you've ever heard when it's done cooking. My wife requested that I make it "less aggressive" so I hacked it into the most gentle egg cooker of ALL TIME
Yeah… I’m the weirdo who keeps a spare. I think the behavior is defined assuming office use rather than home application. “You’re not protected and we refuse to shut up until you are , or bypass us so you truly internalize your lack of protection.” I’m not arguing it’s RIGHT behavior just seeing, for me, an upside.
This is a BackUPS 500. Not a mission-critical one. In which case, the device should be able to send battery failure warnings ahead of time. So I don't want a home battery to scream. Maybe bleep one every 10 minutes? But even then. The big problem is that UPSes should be able to communicate and most can’t: they need a little Wi-Fi engine.
@jon_alper @steveriggins Even my larger one for my computer with a USB connection—it relies on the host OS for comms. A few dollars would allow it to use Bluetooth or Wi-Fi to provide additional network-based data!
@steveriggins Could definitely be handy! I do wonder how good ‘battery health’ could be accurately assessed for a lead acid battery but yeah, advance warning to my phone would be great!
FallsMom 🌻
in reply to Robert Reich • • •And why do customers keep going there?
I don't.
Silversalty
in reply to Robert Reich • • •It's a class war incursion on populist territory.
Costin Cozianu
in reply to Robert Reich • • •You keep pounding on company profits implying there should be a limit imposed by the mighty state on how much a company can make in profits.
Then what is the limit on investor losses that you are willing to underwrite ?
You cannot have your cake and eat it too, take away from entrepreneurship when it succeeds and let investors eat the whole of losses when things turn south.
Jason
in reply to Robert Reich • • •To all of those who say “just don’t go there” It is these type of businesses that.
1. Will not hire full time employees so they don’t have to provide insurance.
2. Constantly cry that there is no way to afford paying their part time employees a livable wage.
3. Lobby the government to keep these shitty rules in place so they can keep feeding their greed.
Wake up people. They have declared war on you.
Whiskers 🇦🇺
in reply to Robert Reich • • •#nutrition #health101
mickymorse
in reply to Robert Reich • • •TennDadOf7
in reply to Robert Reich • • •Stavixxo
in reply to Robert Reich • • •msburdick
in reply to Robert Reich • • •floydgump
in reply to Robert Reich • • •Julian Crosson-Hill, ACC
in reply to Robert Reich • • •yoused
in reply to Robert Reich • • •Big Head Tales
in reply to Robert Reich • • •Andrew Macpherson
in reply to Robert Reich • • •I'm no capitalist (or economist), but regarding the stock buybacks...
I've a bit more faith in private companies with a clear sense of their market, than public companies whose random investors care more about the share price than the product. This faith may be misguided; private companies aren't necessarily more ethical, scrupulous, or efficient, yet they are often more focused on quality.
Dell computers and Theakstons brewery are some private buybacks that interested me this way.
ˈdälfən™🐬 💥 🌊
in reply to Robert Reich • • •lolonurse
in reply to Robert Reich • • •Chris Raymond
in reply to Robert Reich • • •antipode77
in reply to Robert Reich • • •Nick Hanauer wrote a good article on the greed of price gouging corporations.
newrepublic.com/article/184937…
Greedy CEOs have milked the average American household for $12,000 since the pandemic. As a businessman, I can explain how they’re doing it.
A Very Good Sign: Kamala Harris Is Going Right at Corporate Greed
The New RepublicK
in reply to Robert Reich • • •Oblomov
in reply to Robert Reich • • •