The argument I have heard about the US taking 20% stake in Intel is that when a company asks for federal money then it’s only fair if the federal government gets some equity in return.
> argument I have heard about the US taking 20% stake in Intel is that when a company asks for federal money then it’s only fair if the federal government gets some equity in return
Great forward-looking concept. Terrible ex post facto. The precedent set is that the government can demand equity for past favours at any time.
Also, now that the U.S. owns a stake in Intel, where does that leave competitors? We're already seeing a push to force AMD and Intel to merge [1].
For example, here in Louisiana the utility companies do this. After a major hurricane, Entergy will fix and upgrade tons of infrastructure and then get to tack on a +$15.00/m on to your utility bill for the next 5 to 10 years to recoup the costs all while they are making millions in profits each year.
Why pay for it themselves when they can just force the public to do it.
We kept doing this, a bank or company stretches too much after making record profits, and then cries for federal funding and free money.
The federal reserve is a lender of last resort and they shouldn’t have given that much money without any collateral etc. Even if they just kept the stock and then sold it afterwards, we wouldn’t be in this much debt. We spend trillions covering private losses, this was plain stupid.
easiest way to get downvoted on HN is to point out that we are the largest socialist country on the planet exactly because of this. there isn’t any shit we won’t socialize losses on (farming, banking… you name it, US has got your back)
Calling the current US administration "commie" wan't on my bingo card. I swear most people these days have no actual concept of the things they argue against.
They are as commie as it gets but lets say heavily promoting socialism, nationalizing private companies, subsidizing farmers etc etc… and it is getting worse by the minute
If it takes a misunderstanding of communism to get trump kicked out, I'm all for it, but this is far from "as commie as it gets". What's the definition of communism as far as you understand it?
The argument I have heard about the US taking 20% stake in Intel is that when a company asks for federal money then it’s only fair if the federal government gets some equity in return.
You can’t socialize losses and privatize gains.
> argument I have heard about the US taking 20% stake in Intel is that when a company asks for federal money then it’s only fair if the federal government gets some equity in return
Great forward-looking concept. Terrible ex post facto. The precedent set is that the government can demand equity for past favours at any time.
Also, now that the U.S. owns a stake in Intel, where does that leave competitors? We're already seeing a push to force AMD and Intel to merge [1].
[1] https://www.tomsguide.com/tech/us-government-considering-cas...
>You can’t socialize losses and privatize gains.
Companies do this all the time though.
For example, here in Louisiana the utility companies do this. After a major hurricane, Entergy will fix and upgrade tons of infrastructure and then get to tack on a +$15.00/m on to your utility bill for the next 5 to 10 years to recoup the costs all while they are making millions in profits each year.
Why pay for it themselves when they can just force the public to do it.
> You can’t socialize losses and privatize gains.
Yes, yes, and yes.
We kept doing this, a bank or company stretches too much after making record profits, and then cries for federal funding and free money.
The federal reserve is a lender of last resort and they shouldn’t have given that much money without any collateral etc. Even if they just kept the stock and then sold it afterwards, we wouldn’t be in this much debt. We spend trillions covering private losses, this was plain stupid.
> federal reserve is a lender of last resort and they shouldn’t have given that much money without any collateral
The Fed only lends against collateral.
easiest way to get downvoted on HN is to point out that we are the largest socialist country on the planet exactly because of this. there isn’t any shit we won’t socialize losses on (farming, banking… you name it, US has got your back)
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if we are not a communist country (everyone seems to think that we are not) why the F would we socialize losses?!?
> if we are not a communist country (everyone seems to think that we are not) why the F would we socialize losses?!?
Hold on, the logic is any country that socialises anything to any degree is communist? Where the hell did you get that from?
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Calling the current US administration "commie" wan't on my bingo card. I swear most people these days have no actual concept of the things they argue against.
They are as commie as it gets but lets say heavily promoting socialism, nationalizing private companies, subsidizing farmers etc etc… and it is getting worse by the minute
If it takes a misunderstanding of communism to get trump kicked out, I'm all for it, but this is far from "as commie as it gets". What's the definition of communism as far as you understand it?
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:)