yes he absolutely is. that's literally the law.

Lot of different ways to say you don't know anything at all. This isn't a new market. This isn't the first time laws have changed in this way. This isn't the first time they've had this effect. We already know all of this. You're just waffling and enjoying the sound of your own voice.

Probably more of them don't understand. I am very unfortunate to have one in my extended family, and they have fully lost their grip on reality and basic cause-and-effect. They skate by most of the time, which reinforces their beliefs, and then once the pile gets large enough, the whole thing collapses on them, and then cycle starts over.

Hard disagree. Rational investors have no problem whatsoever projecting the impact to future cash flows and adjusting the amount they're willing to pay now. That's like saying the stock market wouldn't respond quickly to changes in next year's tax law.

From an interview[1] given by the author: "I think the next most important reason they distrusted the federal government is their experience with protective agencies in the state of Louisiana, and they thought, “Gosh, these are a lot of people we pay taxes to but they don't really protect us.” And they’re right, because Louisiana is an oil state - that was a big discovery for me - and it outsources, in a way, the moral dirty work to the state. So, the state actually pretends to protect the citizenry from hazardous waste and pollution of air and water and ground, but it doesn't actually protect it very much. It gives out permits, as one Tea Party person said "like candy." And so, they felt the federal government is just a bigger, badder version of a state government which isn't protecting us. So, they'd had bad experience. They’d been burned, and I think that's the second kind of source of resistance to the government. But the third is that they saw the government as an instrument of what I'll call “the line cutters.”"

[0] https://en.wikipedia.org/wiki/Strangers_in_Their_Own_Land [1] https://www.loe.org/shows/segments.html?programID=18-P13-000...

> According to the regulator for Ontario doctors, Jamal initially tried to place all the blame on her innocent research associate, almost ruining her career. She then tried to discredit her colleagues, claiming they had ulterior motives for questioning her results.

> When that didn’t work, they found Jamal tried to cover up her fraud: She illegally accessed patient records to destroy and change files, disposed of an old computer so investigators couldn’t examine it and even went into the Canadian Blood Services facility and changed freezer temperatures to damage blood and urine samples to mask her deception.

> And in March 2018, after admitting her misconduct before a disciplinary committee of the College of Physicians and Surgeons, Jamal was stripped of her medical license.

https://torontosun.com/news/local-news/mandel-despite-commit...

https://en.wikipedia.org/wiki/Finite_and_Infinite_Games

Hacker news has become a much more depressing place post-Covid. Musk, Zuck, the All-In guys, Bezos, Altman. All of them role models for the people here, and all of them have gone mask-off to one degree or another in their pursuit of power and wealth and public adulation.

One side of the hacker/startup coin is "look at how I [built this company|escalated privilege|retired early] by [twisting the rules of the system|exploiting a loophole|penetration testing]", and that ethos isn't entirely that far away from "did you know you can get the laws changed just by spending $50k on a senator?" or "Twitter only needs 50 engineers as long as they're all H1-B hostages".

It really feels like what we've lost is empathy and humanity.

Anecdote time: I joined a not-quite-FAANG in an acquihire. Some of my teammates negotiated hard on the way in; I did not. After I got into management, I learned that they're perfectly willing to give you an extra $10k on your initial salary offer, but then you just get a lower raise after the first year, so everyone ends up in the same spot almost immediately anyway. The $10k was a rounding error in the total comp, and anyway they preferred to have steady employees who could be happy in a good situation for many years, rather than mercenaries who were more likely to chase vanity metrics and leave half-finished projects when they left in 18 months. Equity comp was generous and non-negotiable.

You've been capitalism-pilled. Sometimes it's worth funding things that "aren't worth funding". Not everything needs to return an easily measurable 10% YoY. Investing in the richness of experience for your population or student body or community is a good thing, even if it doesn't always pay itself back in an obvious way. Well-rounded people are happier, more resilient, and yes, more productive.

Don't blow the whole budget on underwater basket-weaving, but investing a bit in enrichment and supporting niches is an important part of life.

https://en.wikipedia.org/wiki/The_White_Man%27s_Burden

I'm not reading the arguments closely enough to make a judgement, but the reference is to an imagined moral imperative to spread "civilization" and whatnot to "lesser" cultures and peoples. We covered it in high school where I grew up.