[HN Gopher] Microsoft CEO sells half his stock, weeks before WA ...
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Microsoft CEO sells half his stock, weeks before WA state
implements gains tax
Author : samspenc
Score : 23 points
Date : 2021-11-30 21:56 UTC (1 hours ago)
(HTM) web link (www.geekwire.com)
(TXT) w3m dump (www.geekwire.com)
| millzlane wrote:
| Sound like a move to avoid losses.
|
| TL;DR: Nadella sold the shares "for personal financial planning
| and diversification reasons," the Redmond-based company said in a
| statement Monday afternoon. "He is committed to the continued
| success of the company and his holdings significantly exceed the
| holding requirements set by the Microsoft Board of Directors."
| systemvoltage wrote:
| I predict that people will leave Washington State in droves. Not
| because of the tax increase, but because the amount of taxes you
| pay goes into never ending government pit of inefficiency and
| incompetency. I'm down with paying more taxes but in return I
| want no homelessness, no chadzone, less crime, better roads,
| straight forward education (math is racist apparently), spotless
| streets, safety, eradication of poverty, no power cuts, and
| better law enforcement.
|
| Better yet, instead of increasing taxes, how about we improve the
| efficiency of the government? For same budget, we can get more
| done. We never seem to ask this question.
| GaryTang wrote:
| Left WA and moved to FL last month. It feels like I went from
| North Korea to South Korea. Never realized how much greener it
| could be on the other side. What's most surprising is how much
| better the small business environment is and how much more
| productive people are in general. The mosquitoes though are a
| nuisance.
| philipkglass wrote:
| None of those issues (with the possible exception of roads,
| depending on which roads you mean) are state-level problems. I
| live in a smaller locale in Washington and these Seattle-area
| laments are not problems here.
| vvram wrote:
| the same goes for CA as well.
| d22 wrote:
| What's chadzone?
| travbrack wrote:
| Pretty sure they're referencing
| https://en.wikipedia.org/wiki/Capitol_Hill_Occupied_Protest
| mikestew wrote:
| _Not because of the tax increase, but because the amount of
| taxes you pay goes into never ending government pit of
| inefficiency and incompetency._
|
| From my POV, having lived here for 20 years, WA residents used
| to get a reasonable deal on their taxes. Sure, they were high
| from the perspective of this Midwestern boy, but the ferries
| ran on time and shit got done. I do not feel that's the case
| anymore (well, the ferries are probably still timely).
|
| I was just asking my wife the other day, "I don't mind high gas
| taxes per se, but for having some of the highest fuel taxes in
| the country, why is this highly-trafficked road such a piece of
| shit? They haven't paved it since we moved here." As one
| example; but where the hell is that money going? We don't even
| have hard winters to tear the roads up. Why are four-banger
| compact cars running practically open exhaust and rattling
| windows? Don't we do inspections anymore? Or have cops that
| pull people over for such things? Speaking of which, in Redmond
| I'm kind of surprised when I see a cop driving around anymore.
|
| Blah, blah, blah, no one outside of WA cares and those that
| live here know what I'm on about, so I'll cut it short. I'm
| with parent: I'll gladly pay taxes, they buy civilization. But
| lately I don't feel I'm getting as much civilization for my tax
| dollar as I used to, not even close.
| toast0 wrote:
| > well, the ferries are probably still timely
|
| Someone isn't on the wsdot ferry email list (anymore?). Most
| of the lines are currently running single boat service, or
| only announcing both boats will be running in the morning. I
| don't personally count it as being on time if you're doing
| half the normal number of sailings, but those are mostly on
| time.
|
| I'll give a pass for the regular delays on friday afternoon
| and sunday evening though. As far as I know, those delays are
| like clockwork, and we're stuck with them. (Maybe when
| coleman dock construction finishes, the super peak times will
| run more smoothly, but I'm ok with just pretending the ferry
| doesn't run during those times, cause I don't want to be
| there)
| [deleted]
| mountainriver wrote:
| Good point, it is rarely talked about how we increase
| efficiency.
|
| I wish there was a better way to inject free market competition
| into the government. Government contracts seem to also favor
| inefficiency and poor implementation.
|
| Something I've been thinking on lately, if anyone has resources
| on this I would love to read them.
| ren_engineer wrote:
| >I wish there was a better way to inject free market
| competition into the government
|
| it's called immigration, people move to states/nations with
| the best functioning governments if they are allowed free
| movement. Historically voting with your feet has been the
| best way to change government. See Illinois and it's massive
| budget shortfall due to people leaving the state
|
| also look at the Soviet Union which needed border security to
| keep people IN. The exact opposite situation that the US has,
| which is that millions of people want to live here through
| any means necessary
| tiernano wrote:
| > See Illinois and it's massive budget shortfall due to
| people leaving the state
|
| Does this really make them think of changing stuff, or will
| they just increase taxes and try get more money? I mean,
| most governments will do the latter before fixing the issue
| (they don't want to admit the issue is with them...)
|
| [NOTE] not a US citizen, so cant don't know much about US
| politics
| systemvoltage wrote:
| Journalists should be holding governments accountable. Just
| the way Carreyrou (WSJ) single handedly brought down
| Theranos, I want journalists to go after government
| corruption and high impact inefficiencies. Notice how NYTimes
| and the like are not interested in actual journalism of this
| sorts. Government is a de facto monopoly and we need 10x more
| eyes on it than anyone else. There needs to be mechanisms for
| firing bad actors from high up positions.
|
| Instead, the focus is always on increasing taxes. As a
| liberal, I want my taxes to go into exceptional and super
| high quality services that even the Scandinavians would envy.
| Otherwise, I will vote for lower taxes and that could mean
| vote for republicans. Our governments suck so much.
| 8note wrote:
| The government has become pay to play for journalists. Piss
| the government off and your not allowed into press
| briefings anymore.
|
| Some dedicated investigative journalism group could do it,
| but any larger media company cannot.
|
| I could see folks on YouTube doing a good job of it?
| GDC7 wrote:
| You keep dreaming.
|
| A journalist is a regular citizen who can write. They are
| motivated by hatred, that's why Cuomo, Trump and Elizabeth
| Holmes a juicy targets, but the inefficiency of the
| beurocracy and the government waste are not something they
| are interested in.
|
| Journalists also throw tantrums when they analyze a high
| profile person and find nothing on them.
|
| Journalists , like cops, judges etc. are not proactive ,
| unlike engineers, their enemy is not a problem, but it's
| always another person.
|
| Their dream is basically them publishing a hit piece which
| would bring somebody big down, that's how they picture
| themselves, that's what they visualize when they are asked
| to define success.
|
| From there they try to go backwards trying to see what they
| have to do to make it happen.
| JoeyBananas wrote:
| Capital gains tax is a bad idea because it hurts businesses. It
| takes money out of the economy and puts it into the government
| where it is spent less efficiently.
| ttymck wrote:
| I'm sure your argument is deeper, but what you have written
| could be said about any tax, no? Is there something unique
| about capital gains tax in particular?
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