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

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  • My passwords are safe.

    No, they’re really not. No matter how good your password is, it can absolutely be compromised. If you use a password manager, just look at how often sites tell you that you “forgot” your password, despite knowing you haven’t.

    Use 2fa for things that are absolutely vital. Whether you use it for your Blizzard account or Steam account is less important. (Though I’m pretty sure Blizzard has leaked passwords at least once, many years ago.)


  • Commanding the military is an official act and absolutely immune.

    Command the military to jail anyone standing in the way of a couple constitutional amendments to fix this.

    One amendment to fix the Supreme Court. Another amendment to make the President not above the law.

    The amendment can even include the phrase “With the exception of direct actions taken to create this amendment” which will permanently document this stain on our democracy.

















  • There are different types. The “financial duty” of corporations is generally overblown, however that is more or less what happened with Twitter. Elon made such a dumb offer that they had to put it to their shareholders. There’s some mechanism where shareholders can vote as a whole to sell, and if the vote passes then you don’t get a choice.

    But generally corporations absolutely aren’t required to do whatever makes the most money. They’re allowed to put other values above pure profit, as long as they can justify it being in the shareholders’ interests. The shareholders may disagree and vote them out because of it, but as long as it was plausible, it’s legal. For instance, I believe the board of an Oil company could decide to shut down their wells and fully pivot to renewables, and I don’t think the courts would hold them accountable. Preventing climate change is easily arguable as in the shareholders’ interest, even at the cost of significant money. However that board would likely quickly be voted out. (And it’s unlikely they would have gotten there if they didn’t love oil money.)

    If you own 51% of shares, public or not, you can’t be forced to sell afaik. And if you’re private, you’d have to do some pretty big illegal defamation or something to be forced to sell your property. Or you could die and your descendents could decide to sell.

    One issue is that we’ve set up our tax system to encourage cashing out asap. For the most part in the US, you’re going to be taxed at 37% whether you sell now or whether you have the company pay you out for the next twenty years. So why not get out while the gettin’ is good? In the past, with a 90% top marginal rate at a higher income, it was often better to keep your money in the company and in the reputation, and just have it pay you out at a medium tax bracket for the next fifty years. All you really need to do as your job is make sure the company stays stable anyway. You can do that while spending four days on the golf course.