bibusiness

Can’t say enough positive things about what @tim_libert ‘s newly released @webxray can accomplish on behalf of individual privacy interests and the attorneys who fight on this terrain. #4thAmendment jurisprudence #9thAmendment jurisprudence

I feel like a large amount of GDP is locked up because it is difficult for person A to very conveniently pay 5 cents to person B. Current high fixed costs per transaction force each of them to be of high enough amounts, which results in business models with purchase bundles, subscriptions, ad-based, etc., instead of simply pay-as-you-go. As an example, I'd like my computer to auto-pay 5 cents to the article/blog that I just read but I can't, and I think we're worse for it. In a capitalist system, transactions between entities are the gradient signal of the economy. Because our pipes don't support low magnitude terms in the sums, the gradients are not flowing properly through the system. I'm not familiar enough with payments to have an idea of specific solutions, but I expect we'd see a lot of positive 2nd / 3rd order effects if the gradients were allowed to flow properly, frictionlessly and with much higher resolution.

In this episode of the Elon, Inc. podcast, long-time Tesla fan and @ElectrekCo editor-in-chief @fredlambert joins us to discuss how Musk's right-wing views and polarizing leadership style have turned some EV buyers off the carmaker trib.al/dR8Np2R

Collin, let me give you a different POV. When someone is not paid enough to live, they use more government services. Housing, Care, Food, etc. I can’t tell you what the equilibrium is for a minimum wage for any given state. When I can tell you is when companies pay less than what someone needs to live a basic life, it’s often the taxpayers that subsidize the difference Do you really want to subsidize, with your tax dollars, any employer ? Personally, as an employer, I would rather pay a higher wage and figure out how to be more productive and profitable to balance it out. I literally gave raises to employees a few years ago because it was embarrassing to me that taxpayers might be subsidizing people who work for me. It’s the same reasons I kept paying everyone during COVID and I didnt take PPP money. The last thing I want is your tax dollars, Collin, subsidizing my employees The other thing about increasing the minimum wage, again, IMO, everyone else faces the same rules. Their costs go up in the same manner. Be the better entrepreneur in your segment and your business will be just fine