[HN Gopher] Has Silicon Valley Gone Maga?
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Has Silicon Valley Gone Maga?
Author : temporarely
Score : 5 points
Date : 2024-07-19 19:55 UTC (3 hours ago)
(HTM) web link (www.ft.com)
(TXT) w3m dump (www.ft.com)
| acl777 wrote:
| https://archive.ph/1jDrB
| taylodl wrote:
| I don't understand this myopic thinking. Maybe a Trump
| administration will deregulate Big Tech, but how does that help
| you when the EU will just block you and fine you? What's the real
| gain to be had there?
|
| What's the point in having your tax burden reduced if it means
| realizing greater interest? Have they forgotten that Trump had
| the largest increase in US deficits in history? Have they
| forgotten that those deficits, along with wrecking the global
| supply chain _before_ the pandemic due to a trade war with China
| created the inflation that we 're just now getting under control?
| What's the point in expanding your business when your customer is
| unable to buy any more product?
|
| The Big Tech Billionaires may know a thing or two about business,
| but it's becoming clear they don't know much about economics -
| and ultimately, that ignorance is going to hurt their business.
| verdverm wrote:
| I don't understand...
|
| 1. How a few people translate to the entire SV... (well, I do
| because hyperbole is what media does now, they stopped being
| journalists)
|
| 2. What the GOP platform is for prices & inflation. Tax cuts,
| 10% tariffs, forcing interest rate cuts, and mass deportation
| would all seem to lead to more money in the economy or direct
| price increases
| taylodl wrote:
| The GOP can't _force_ interest rate cuts unless they
| eliminate the Federal Reserve, and if they do that we 're
| straight back to the boom/bust cycles of the late 19th
| century - which doesn't help the economy. Since _we know_ tax
| cuts for millionaires and billionaires _does not_ lead to
| economic growth and only serves to increase federal deficits,
| the policies the GOP favors lead to interest rates increases.
| Like I said, we just got their last round shenanigans under
| the previous Trump administration under control.
| techostritch wrote:
| I have a question maybe you know, are boom and bust cycles
| good for the economy long term? Or is it too extreme to be
| useful,
|
| Like my understanding of risk in financial markets is that
| (though of course a security could go bust) a high risk
| security is one that has bigger swings, but that those
| bigger swings lead to bigger long term gains.
|
| I guess even if things go bust if you're let's call it
| morally flexible, boom cycles give you a better chance of
| making your millions.
| techostritch wrote:
| > 2. What the GOP platform is for prices & inflation. Tax
| cuts, 10% tariffs, forcing interest rate cuts, and mass
| deportation would all seem to lead to more money in the
| economy or direct price increases
|
| I hate to be this cynical because I think policymakers and
| economists who lean in different ideological differences all
| have contributions to make, and in some way probably value
| right wing economic ideas slightly more than left wing ones
|
| But It seems pretty clear to me that the goal of the
| Republican platform is just to be as self serving as possible
| and there is no actual plan for a healthy economy, and at
| best they might engineer temporary economic outcomes that
| benefit certain groups, I wouldn't be surprised it there's
| some kind of big economic crash aka 2008 in the next 10
| years.
|
| I would be genuinely interested to hear how I'm wrong.
| linotype wrote:
| Six months ago I thought MAGA was an existential threat to the
| United States. Now I think the Democrats have blown MAGA way out
| of proportion and that the Democratic Party is a geriatric party
| with deeply unlikable candidates (Biden/Kamala) on the ticket.
|
| It's wild how badly the DNC has positioned itself, and how much
| water the media was carrying for them and how quickly the media
| has boiled said water.
|
| This year I won't be voting for either candidate and will focus
| on state and local issues.
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