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Joined 1 year ago
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Cake day: June 14th, 2023

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  • There’s a lot of advantages that simply come with using a more popular distribution. For one, having a larger pool of package maintainers (and therefore more packages) is pretty important. Have you ever tried using NixOS as a daily driver? I did a few years ago. Very annoying having to create my own packages for so many different (and relatively common) things I wanted to use.






  • Putting a huge percentage of a company up for sale on the open market is going to tank the price no matter what the fundamentals are. It’s simple supply and demand: you’re putting a huge glut of supply on the market and not putting similar demand. All those sell orders will begin expiring as the offers drop in price.

    The largest owner of shares putting everything on the market at once is strong signal that the stock is overpriced and so buyers will react accordingly.

    By the way, TSLA has a P/E ratio in the 60’s so it’s not exactly a great deal anyway.

    I’m neither defending nor attacking capitalism. I’m just pointing out that putting heavy taxes on illiquid assets leads to huge disruptions.

    The increase in value of shares above book is called unrealized gains. They can be here today and gone tomorrow. Taxing makes no sense unless you’re going to reimburse the taxes if the shares drop in price.




  • Shares aren’t always given to you as a reward. If you are the sole founder of a company then you create the shares yourself and decide who to give (or sell) them to. If you choose not to take your company public on the stock market, then what your stake in the company is worth is unclear. Sure, the company may have assets (equipment, properties, resources) but that’s only the book value. The true market value of the company might be much higher.

    Look at a software company. The software they create might never be sold, only used to provide services. The market value of the company could far exceed the book value of all the desks, chairs, computers, and other stuff the company has at the office. But you don’t really know that if the company never goes public. So how do you tax it?


  • if he were able to convert all of his $241.8B to cash

    That’s the assumption everyone makes but it’s a false premise. If he tried to sell all his shares it would cause the stock price to collapse, his wealth would plummet, and his companies would be in jeopardy. Far from being able to give all of them $1.6M, they would all likely lose their jobs.

    That’s also the issue with taxing them. If someone owns a billion dollar company (based on the price of their shares of stock) we call them a billionaire but they might not have very much money in cash (say a few million). Suppose we want to tax them 10% of their wealth: that’s $100 million! They don’t have enough cash to pay for that, so they have to sell shares, which causes the share price to go down, which negatively affects the company and the workers.

    I think the issue is with how we view ownership of a business vs other things, like a yacht. The yacht can be sold to pay taxes and it won’t affect other people. The company cannot. In a lot of ways, the company isn’t just a possession of the owner, it’s a responsibility. These days I feel like we don’t talk enough about responsibility.









  • My rabbit never bit me even once over his entire life. He gave lots of kisses though. And he loved coming over for pets and then running and jumping and spinning around in the air.

    Every rabbit has a different personality. They aren’t the smartest pets around but they can be trained not to do the things you don’t want them to do, such as biting. They remember best when you get their attention with something that provokes a fear based response, such as a sharp “no!” That’s all it took for my bunny.