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Business, Economics, and Taxes 2: That's Why We Fight to Take the Means Back

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ticapnews said:
Congratulations! You are about to be a SpaceX bagholder!

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Anyone who buys that is part of the cult, and deserve to lose money. SX has failed so much with starship and are so delayed on the lunar lander that Blue Origins got a chance and will probably finish first, since SX is burning their lander budget on not knowing how to really develop starship.

These are the same people who continue to think T is a good investment, even though sales are totally tanking, and the cult leader claims "robots".

Dumbest business people of all time. And deserve to lose a shit ton of money. Just wish the cult leader would go down with them. But he will take a "loss" and not pay taxes. yay.
 
MichVandal said:
Anyone who buys that is part of the cult, and deserve to lose money. SX has failed so much with starship and are so delayed on the lunar lander that Blue Origins got a chance and will probably finish first, since SX is burning their lander budget on not knowing how to really develop starship.

These are the same people who continue to think T is a good investment, even though sales are totally tanking, and the cult leader claims "robots".

Dumbest business people of all time. And deserve to lose a shit ton of money. Just wish the cult leader would go down with them. But he will take a "loss" and not pay taxes. yay.
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Watch the video. If you have any exposure to the NASDAQ you are going to buy it whether you want to or not.

What the video doesn't mention is how other blue chip stocks are going to take a hit after IPO when the funds have to find the cash to buy SpaceX stock.

The people who have already bought in are going to make out like bandits. The rest of us will be left holding the largest bags in the history of capitalism.
 
ticapnews said:
Watch the video. If you have any exposure to the NASDAQ you are going to buy it whether you want to or not.

What the video doesn't mention is how other blue chip stocks are going to take a hit after IPO when the funds have to find the cash to buy SpaceX stock.

The people who have already bought in are going to make out like bandits. The rest of us will be left holding the largest bags in the history of capitalism.
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I've heard that people are predicting that it will "tank" the indexes, but we will see about that.

But this fully illustrates what business has been focused on since 1) companies got breaks to pay execs in stocks, and 2) capitol gains taxes made it even better- which shifted focus of US businesses to focus on shareholder value vs. just selling more stuff for more money. Worst thing that has ever happened in US capitalism So now we have companies that are just out to scam the stock system instead of making a useful product to sell to consumers.

And the real result is the accumulation of enough money that it's bad for the economy that they will never be able to spend it.
 
I'm currently having fun in my lovely town of Manhattan, IL via social media...

I'm basically watching the trend of Boomers coming to terms with the fact that the home they bought in 80s/90s for a number in the $100k's is now assessed at $350-650k and has a giant tax bill play out in real time... Sorry that you didn't account for $1000-2000/month to accommodate that... But got forbid a black or brown family moves into your neighborhood or someone isn't super keen on keeping up their yard and YOUR property value takes a theoretical hit...

I'm at the point where the idea of just punching someone in their 70s is becoming a valid option since they refuse to acknowledge the ripple effect they caused...
 
SpaceX IPO effect on the indices:

- YouTube

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
www.youtube.com www.youtube.com

We'll all go broke unless we pull out of passive investments.
 
Kepler said:
SpaceX IPO effect on the indices:

- YouTube

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
www.youtube.com www.youtube.com

We'll all go broke unless we pull out of passive investments.
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To paraphrase Jeremy Irons in Margin Call "We'll be left holding the biggest bag of excrement in the history of capitalism."
 
ticapnews said:
Companies are even rehiring employees it already laid off because it is too expensive or because the AI can't replicate the work correctly.
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Company my father in law works for was lucky. They had him fire nearly everyone beneath him, so he figured he was next. They’ve instead seen the writing on the wall and have increased his pay and are having him hire a team larger than he had before.
 
ticapnews said:
Companies are even rehiring employees it already laid off because it is too expensive or because the AI can't replicate the work correctly.
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Yeah, this has been a story for the last 18 months now. Company lays off half their senior devs/engineers and tells everyone else to use AI as a "force multiplier". AI flops because juniors are pumping AI crap into the codebase without considering the consequences of the design, so the company is forced to re-hire the seniors they fired for more money than they were paid before.
 
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