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Lauchs

@ Lauchs @lemmy.world

Posts
25
Comments
674
Joined
2 yr. ago

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  • Oh, a 10% drop is not super concerning. It's more "what happens next." The magnificent 7 have gone through the roof in terms of valuation since 2022... should those come back to Earth abruptly, it's not just tech bros who suffer.

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  • Sure but that doesn't help the people who trusted their pensions would be safe.

  • Isn't EU's "VAT" a regressive tax? Why do they have that, instead of something like, taxing the rich?

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  • Oh absolutely, it's just the VAT itself is regressive, not the overall tax system.

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  • ... Also bad for some people with 401ks and similar retirement funds.

    A lot of of families unable to hire bespoke financial advice put their savings into traditionally safer index funds like the S&P500 which have been increasingly weighted towards those companies.

    Those lost trillions of dollars of value represent a lot of lo "retail" that is to say, not particularly wealthy, investors. Also a fair number of pension funds are probably similarly exposed, think teachers, nurses etc.

  • Isn't EU's "VAT" a regressive tax? Why do they have that, instead of something like, taxing the rich?

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  • No, EU member states handle taxes individually.

    But, that ease of travel is one inducement. (Consider, as billionaire Spaniard learns the government plans to tax an additional 100 million euros. With no border, is moving a few km next door to Portugal worth a 100 million?

    More meaningful though is business taxes/regulations, which are a large part of why Europe has lost so many Unicorns to the NYSE and why within America, Texas is kind of killing it in terms of business relocations.

    I personally think it's a race to the bottom but those are the constraints that exist.

  • Isn't EU's "VAT" a regressive tax? Why do they have that, instead of something like, taxing the rich?

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  • It’s obviously a tax on the biggest consumers.

    Yes and no.

    You're absolutely correct in terms of total dollars contributed.

    But the flip side is in terms of percentage of income. The wealthier you are, the more likely you are to have stocks, property and the like, which are usually exempt. So, as a total percentage of income, a VAT tends to hit the poor harder. (That being said, other taxes like capital gains are more progressive etc to make up the difference.)

  • Isn't EU's "VAT" a regressive tax? Why do they have that, instead of something like, taxing the rich?

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  • They also tax the rich through progressive income taxes, capital gains taxes, corporate taxes etc.

    If you're asking why not just tax the rich in place of a VAT, well, it's sort of why not tax the rich to pay for absolutely everything we could want. The costs and difficulties in taxing the rich generally scale to the point where the marginal revenue raised by the tax becomes negative.

  • What's a movie that you were probably "too young" to see, when you first watched it, but you're glad you did?

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  • Awesome brother!

  • What's a movie that you were probably "too young" to see, when you first watched it, but you're glad you did?

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  • Generally agree though I suppose it depends on how the parents feel about swearing and how likely the youngins are to repeat the approximately 700 fucks in the movie.

    "Do you have to use so many cuss words?" "The fuck you talking about?"

  • What's a movie that you were probably "too young" to see, when you first watched it, but you're glad you did?

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  • The Big Lebowski. I wasn't a teenager yet, barely understood why anything was happening but damned if it wasn't the hardest I'd seen my dad laugh.

  • Netanyahu defends Elon Musk after he’s accused of giving Nazi salute

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  • If by too far gone, you mean I have actual current and historical knowledge and that makes your ignorant and facile comparisons harder to sneak by, uhhh, sorry? Knowledge has always been the bane of the purposefully ignorant.

    I get using nazi as a perjorative feels cool but goddamn you look foolish and worse, make those who support the cause equally childishly ignorant.

    I do hope you'll grow up, read more and not just about what's trending on your social media. Until, well, it's pretty hard to take you seriously but I'd be pretty careful with making bold proclamations from a point of ignorance, just a thought.

    Cheers!

    Edit: Feeling a bit under the weather, I guess I'll tell the boss I have ebola. As they're both diseases and can be fatal (flu kills thousands a year) so they are clearly the same and distinguishing between the two would make me some sort of far gone medical elitist.

  • Netanyahu defends Elon Musk after he’s accused of giving Nazi salute

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  • You are so close to getting it. Yes, comparing the Nazis to banning someone from a website is fucking dumb and makes the person making the comparison look silly.

    Using nazi as a perjorative for any group committing an act of genocide is the same.

    Comparing what is happening in Gaza with the Holocaust (which is the implicit association you are making when you call groups nazis) is fucking stupid. One was arguably the worst thing in human history whereas what's happening in Gaza is the same sort of thing that's been happening constantly across the globe for decades and is happening in three different places right fucking now.

    And the sense of scale is insane. Including all Palestinean deaths, 45k in ~ 15 months of fighting (including civilian and Hamas fighters) you could run these casualty rates for **25 years **and not match the deaths in Auschwitz alone (more than a million, almost entirely civilians.)

    Labelling Netenyahu as a nazi demonstrates you are either woefully ignorant of the world beyond your social media feed, or have a literally childlike understanding of relative magnitudes, same way my friend's toddler cries at horrific injustices like bedtime and no candy for dinner, to her these may actually be the worst things she recalls but that's part of being a child.

    And of course there's the delightful soupcon of stupidity in calling the leader of the Jewish state a person that literally most famously hates Jews. Just, you look so stupid on so many levels that it makes all us adults who oppose the war look dumber by association. That's why it is infuriating; not only is it a foolish comparison but it makes everyone who is against the war look like a similarly ignorant goof.

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    Is there a "normie" or more mainstream instance for Lemmy?

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  • Removed Locked

    Is there a "normie" or more mainstream instance for Lemmy?

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  • Netanyahu defends Elon Musk after he’s accused of giving Nazi salute

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  • If you'll go back to the start, you'll remember the whole thread was about the stupidity of calling Netenyahu a nazi.

    By your logic, anyone that attacks a group of people on any group characteristics is a nazi. Which is goddamn nonsense.

    I get the appeal of calling people doing bad things nazis, but you sound like a child doing so. Worse, it makes it much more difficult for anyone to take our side seriously. (Same way that it is fucking stupid when trump called Harris a communist.)

    My workday is done and you aren't worth my free time.

    Have a good weekend.

  • Netanyahu defends Elon Musk after he’s accused of giving Nazi salute

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  • That's the one protest, as the Reich was falling, reeling from the defeat in Stalingrad. And there were plans floated about simply shooting all the protesters.

    Again, it's just nonsense to declare Israel is now a nazi country. Fascism is very different than what Israel is.

    Doing terrible things doesn't make one a nazi, and claiming it does makes you look like a child.

  • Netanyahu defends Elon Musk after he’s accused of giving Nazi salute

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  • Well, I appreciate you took the time I guess but this is an incredibly silly list of arguments. Just to pick a few of the more impressively nonsensical:

    Centralized autocratic government? Yup, see DOGE.

    What on Earth? Because you have a conspiracy about DOGE it means there's now an autocratic government? Wtf?

    Dictatorial leader? Given that trump openly admires dictators and that musk supports him, also yup.

    "He admires dictators so is a dictator!" That's mind bogglingly dumb. And last time we called trump a fascist, guess what, there were free and fair midterms and a Presidential election. When those don't happen, we can talk. Otherwise this is about the stupidest argument I can imagine.

    And the economic regimentation has been going on for a while now. (the rich become richer, the poor become poorer and have far less power)

    Dafuq? Like, the same gap that's been increasing across the world is now actually a sign trump is a fascist? That's the "thanks Obama" of fascism declarations.

    The suppression of opposition: See what's happening in Texas by their team members of the republican party, where they're trying to oust the Democratic party from major political roles in committees and such.

    They won't have us in committees in Texas, clearly the Democratic party is now suppressed and non viable.

    I'd say, it's valid to call these people fascist.

    That's an incredibly facile position.

  • Netanyahu defends Elon Musk after he’s accused of giving Nazi salute

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  • I mean, I'd quibble with parts of the definitions but it seems wild that folks are using that definition and then pretending it applies to trump or Netenyahu.

    A fascist is someone who believes in a populist political philosophy, movement, or regime that exalts nation and often race above the individual, that is associated with a centralized autocratic government headed by a dictatorial leader, and that is characterized by severe economic and social regimentation and by forcible suppression of opposition.

    Lets see, nation over individual? Yup, very much so

    Centralized autocratic government? Yup, see DOGE.

    What on Earth? Because you have a conspiracy about DOGE it means there's now an autocratic government? Wtf?

    Dictatorial leader? Given that trump openly admires dictators and that musk supports him, also yup.

    "He admires dictators so is a dictator!" That's mind bogglingly dumb. And last time we called trump a fascist, guess what, there were free and fair midterms and a Presidential election. When those don't happen, we can talk. Otherwise this is about the stupidest argument I can imagine.

    And the economic regimentation has been going on for a while now. (the rich become richer, the poor become poorer and have far less power)

    Dafuq? Like, the same gap that's been increasing across the world is now actually a sign trump is a fascist? That's the "thanks Obama" of fascism declarations.

    The suppression of opposition: See what's happening in Texas by their team members of the republican party, where they're trying to oust the Democratic party from major political roles in committees and such.

    They won't have us in committees in Texas, clearly the Democratic party is now suppressed and non viable.

    I'd say, it's valid to call these people fascist.

    That's an incredibly facile position.

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    Is there a "normie" or more mainstream instance for Lemmy?

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