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Cake day: July 4th, 2023

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  • What you say also seems extremely unlikely to me, given that humans who have sufficiently advanced to the state we live in now will be unwilling to accept subsistence lifestyle.

    I didn’t predict anything; you’ll note I said that this is what I would hope happens.

    I’m not talking about a market failure; I’m talking about trying to take away the whole concept of a ‘market’ applying to residential real estate altogether. Because it’s so intertwined with the value of our economies, taking it away will cause a significant, permanent shrinking of GDP and other economic measures, and I think that’s appropriate given the circumstances we’re in now.

    It’s a big and bold move, and as I’ve said before none of us can be exactly sure how it would pan out, but nothing is gained in life if nothing is ventured. We need to try something. I say this as someone who is lucky enough to be able to have a mortgage: it’s inherently unfair that my fellow citizens have to miss out on that opportunity.


  • A policy this significant would cause a market crash so massive that it would entirely reshape the market. I don’t think any of us could genuinely guess how it will work out.

    My hope is that it would cause a crash so significant that essentially all owned properties that are not lived in enter the market, causing homes to be sold for insanely low prices in order to avoid paying taxes, causing rates of home ownership to skyrocket. The government then needs to buy up anything leftover to rent as social and affordable housing to low-income people who can’t afford a mortgage at that time. Crashing house prices also mean that the value of these taxes drops in absolute terms as well.

    Then we have a situation where everyone who has a stable income owns a home, and those who can’t will rent directly from the government at extremely affordable rates. Homes are the object we as humans own that we regularly lease to one another the most - particularly for profit or capital gain. It’s super weird and it needs to stop.

    The main issue is that economists would shit their pants because so much GDP growth is locked up in our property markets. It would cause at least a recession, if not a depression, and depending on which country did it, the effects could ricochet throughout the global economy such as during the GFC.


  • It’s pretty simple, just have a new real estate investment tax that is only levelled on residential properties you own but do not reside in, and that tax needs to be set at a rate higher than the property market is expected to gain. E.g. (with made-up numbers) if the property market gains 5% value per year on average, set the tax rate at 10% of the value per year. There’s an insanely slim chance you can still make money on the investment, but 99+% of investors would dump their properties immediately, leading to a massive crash where average people could suddenly afford to buy the home they’ve been renting.



  • If the government, 5-10 years ago when it would have been apropos to do so, looked into vaping and drew up specific regulations to have legal vaping, we wouldn’t have the issue we have today. Instead, because of almost a decade of inaction, we now have a new generation of nicotine addicts that they’re hurriedly trying to stop.

    We needed regulated, plain-packaged and limited-flavour vapes available to legally buy at a reasonable price to quash out both smoking and prevent kids from getting addicted, but that horse has already bolted.

    The cynic in me says they intentionally didn’t regulate vapes because the science wasn’t ready yet, and they didn’t want to accept any blame for legalising something that could end up to be pretty harmful in the long term. So, because they didn’t want to accept that risk then we now have a whole generation of vapers whose health issues we’ll be dealing with for 80+ years to come.

    Spoken as an ex-smoker, current vaper as a smoking cessation method.




  • Well, yes and no. Paying that fine once would just be a cost of doing business, but now that the precedent has been set if they continue to do it they’ll continue to get fined in that order. Those fines won’t need court cases, so they’ll need to be paid quickly and in full. Sure, the fine they received didn’t really hurt them but it will change their behaviour. It will also prevent others from engaging in the same behaviour.

    I don’t think the EU wants to bankrupt companies like Apple - it’s not in the collective best interest. They need to guide behaviour by setting up punishments that are deterring but not destructive. I think €500m fits that pretty well - it’s akin to giving a child a timeout while their friends play or a smack on the back of the hand. It’s doing what it’s intended to do.


  • Then put the games onto high-storage solid-state cartridges like Nintendo does. There’s no reason to be limited by existing technology like Blu-Ray except for laziness. Hell, they could even just put an SD card reader in as the physical game tray and put games onto SD cards if they’re that lazy and don’t want to spend on R&D.

    Removing the capacity to have physical copies of games at all is always a bad move that is disingenuously masked with a “but the world is going all digital!” all the while knowing that this gives them greater control over things we’re supposed to own.




  • I’d argue that a group of new-tech employees is a specifically atypical example of the general population. They’re very likely tertiary qualified (minority), they’d all be earning more than six figures (minority), they’re likely on the lower end of the age bracket, and I doubt they’re representative with regards to gender and cultural background as that’s a known issue in tech. I’m not sure that cohort is in any way representative of the general population.

    I’m not trying to take a stand here; I have no dog in this fight. I’m just trying to elucidate why making such an assumption might not be wise. As I’ve said before; it may be true, but I (and you) have no idea if that’s actually the case, so assuming it serves no real value.


  • Sure, but the answer to a lack of an informed public is not reverting away from democracy; it’s trying to inform the voters. Very many people vote against their best interests on a regular basis in a political sphere, and we shouldn’t revoke their right to vote as a result. Democracy, as a principle, should still prevail.

    I don’t think it’s fair to infantilise people you’ve never met in the way that you are. What evidence do you have that the people who signed on to this letter didn’t read it? What evidence do you have that they’re either naïve or easily manipulated? I think they’re unfair assumptions. They may be true, but I have no idea if that’s the case.


  • I mean, isn’t this just an attempt to instil democracy in their workplace? If the vast majority of employees want something, whether or not it is objectively in their best interest, shouldn’t leadership listen to them? Isn’t this just what unions do on the regular?

    I have no dog in this fight, I don’t know who’s a good person and who’s bad, but I believe in democracy even when it doesn’t produce the best result. I wish all companies acted upon the wishes of their employees rather than their shareholders, customers or consumers; that would make for far more cohesive and productive workplaces.