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Joined 2 years ago
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Cake day: July 2nd, 2023

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  • Folks. Publicly traded companies will ALWAYS compare the expected value of breaking the law with compliance.

    Say it costs $100 million to follow the law. Breaking it comes with a $300 million fine, but only a 20% chance of getting caught.

    They compare a 100% chance of paying $100 million to a 20% chance of paying $300 million.

    Average cost of following the law: $100 million

    Average cost of breaking it: $60 million

    If we’re gonna do capitalism (which I would rather we not, for the record!), we have to make that expected value calculation break in favor of following regulations. If it is cheaper to break the law than to follow it, you’re not just losing money by complying: you’re giving ground to your competition. Fines need to be massive. Infractions need to get caught and punished. Executives need to be held personally accountable. Corporations need to be dissolved. Fines cannot be just the cost of doing business.


  • CNBC financial news channel anchor Joe Kernen compared New York to Batman’s crime-riddled Gotham. “ They’re taking Wall Streeters and making them walk out onto the ice in the East River, And, and then they fall through. I mean there is a class warfare that’s going on.”

    “Raising taxes on people who have more wealth than they could spend in a hundred lifetimes is the same as murder.”

    I cannot empathize with anyone who says that shit with a straight face. You’ve either abandoned any principles you may have had to spew propaganda, or are so completely delusional that you actually believe it.


  • Jesus Christ, yes, I am a comfort hunter. You think I get up at the ass crack of dawn every day for fun? You think I want to push buttons on a computer all day because I’m just weirdly into it?

    No! I do this shit because I have to!

    Fucking hell. I’ve already accepted that I have to make your company money if I want to live in a house. For the love of all that is good in this world, PLEASE do not make me pretend to like it. I’m already weirded out that you’re so into it.















  • The big divide in the US is not so much between Republicans and Democrats as between people who invest and people who don’t. For a man of his means who is running for America’s second-highest office, Tim Walz is on the wrong side.

    God forbid a leadership position go to someone not in the ownership class!

    In 2022, 58 per cent of Americans owned stock, either directly or indirectly through mutual funds. Based on his 2019 financial disclosures and his 2022 tax filings, the Democratic vice presidential nominee is not one of them.

    So? The average American, who has maybe a 401k and some options thru their company, still has more shared class interests with someone who owns no stocks whatsoever than with someone who doesn’t have to work for a living.

    The rest of the article fails to load, but looking at the author’s other pieces, we see she thinks price gouging is a myth and that another recession might actually be a good thing. She’s either so out of touch she may as well be from outer space, a soulless corporate sellout, or intentionally writing ragebait with an economic coat of paint.