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Member Since 10 Sep 2008
Offline Last Active Today, 04:31 AM

#1191081 The Buffett Rule

Posted by Cybes on Yesterday, 04:19 PM

I dunno how much she's worth now but Gina Rinehart used to be worth $20b.

How much physical money you reckon she has?


You're being precious, Leo.  Whether that money is folding plastic, cold gold, or spinning electrons is immaterial (unintended pun), and if you just dumped a sufficient quantity of any of those forms on the market out of nowhere you can sink it badly enough to need an extended period of recovery.  Kinda like water, it's necessary to life (economic, in this case), but dumping 20b litres (dollars) in one place without prepared drainage is going to fuck shit up for a while.


And you are partially correct, in that money is always being created, but that is not worth.  A can of coke was not worth less in 1950 than now - but it cost a helluva lot less.  That's inflation, and it's caused by money being created.  In the above example, you drop $20b in the local economy and prices across the board will go through the roof (at least until the flood waters have drained) because everyone and their dog has $100 notes to blow their nose on and the worth of things has to hurt pretty much the same.

#1190972 how crap is this government ?

Posted by Cybes on 20 April 2017 - 11:09 PM

So. No one has a comment about Malcy's questions for those wanting Aussie citizenship ?


I am studiously ignoring everything to with Maladjusted Fucktard - and indeed the vast bulk of the Wombles living under the mound in Canberra.

#1190970 The Buffett Rule

Posted by Cybes on 20 April 2017 - 11:06 PM

I think competent people who make money by working hard, benefiting the economy, and creating jobs, should be rewarded in a way that reflects their hard work.  Anything less would be met with the stifling economic impacts of 20th century communism.  The problem isn't making money, or being wealthy, it's taking from the Australian society in the form of infrastructure, public services, and governance, and not giving anything back.



I not only have no problem with them being rewarded for it, I think it's vital.  What becomes an issue for me about that, though, is that the way our system is set up, money makes money - no effort or skill required.  When that feedback loop gets to the point that someone is essentially winning Powerball every day for nothing more than getting out of bed, it should be obvious to everyone that something is seriously amiss.  There is only so much money in circulation at any one time, and concentrating it all in the pockets of a tiny few has dire consequences for the economy as a whole.


As to the Buffett Rule... No argument against that from me.

#1190939 War is brewing in Asia

Posted by Cybes on 19 April 2017 - 01:28 PM

That "armada" supposedly to be sent to NK was sent to .. Australia

...Getting the feeling that the DoD is kinda giving Trump an unplugged controller on this game.

#1190764 What Did You Watch Lately ?

Posted by Cybes on 13 April 2017 - 03:39 AM

Worth a watch if you haven't been paying attention.

#1190370 What Did You Watch Lately ?

Posted by Cybes on 30 March 2017 - 03:20 PM

#1190263 Now this I couldn't believe ...

Posted by Cybes on 25 March 2017 - 08:00 PM

I was blissfully unaware that toe rag had covered it.

#1189968 What Did You Watch Lately ?

Posted by Cybes on 16 March 2017 - 11:54 AM


Adam continues to tour WETA's Ghost In The Shell labs.  I have to agree with him on this one: NERDGASM!

#1189783 W.A going to the polls tomorrow

Posted by Cybes on 11 March 2017 - 03:54 PM

It might just be me being juvenile, but I can't help but think the aptness of Ms Cash's surname is near miraculous.


Almost as brilliant as the surname of the man who invented the Lithium Ion battery: Mr Goodenough.

#1189583 AMD Zen

Posted by Cybes on 07 March 2017 - 09:08 AM

he has some good points but his very one eyed



somebody that is still trying to justify it... epic fanboy


I said "interesting" - not "correct".  Personally, I wouldn't know one way or another, and would have to check in several places before drawing a conclusion.

#1189576 AMD Zen

Posted by Cybes on 07 March 2017 - 06:52 AM

Very interesting Cybes!


I sub'd to him as soon as I saw someone else link him here last year.  He's always interesting - even if I have to admit to having to listen to a couple of things twice to get past the accent. ;p

#1189574 AMD Zen

Posted by Cybes on 07 March 2017 - 02:14 AM

#1189507 What's on your mind?

Posted by Cybes on 04 March 2017 - 12:31 PM

Cats are as you said animals out of control, all kittens should be spaded.when they are old enough and you can't miss with the shovel.No seriously they all should be desexed
unless you are a breeder.

If you buy a pedigreed cat (from a breeder, obviously) it will be spayed when you take delivery. At least in SA.

I've always had cats - I find their independence far preferable to a dog's slavishness. However, if you let your moggy out to prowl unsupervised, much as it may like it, you're being an irresponsible fuckwit: it will kill things; and they have no road sense at all. (ie: be prepared to have a flat cat if you live near a main road)

#1189310 What Did You Watch Lately ?

Posted by Cybes on 28 February 2017 - 04:21 PM


I'm wow'd just at how hyped Adam is. ;)

#1189221 how crap is this government ?

Posted by Cybes on 26 February 2017 - 05:37 PM

It's never had a real trial because simply from "back of the envelope" calculations that TW proposed earlier, you can tell that it just won't fly.


And yet, it's having one now.


Just quickly, 3 clips and minutes (total) from Dr Charles Murray (a libertarian, you'll note) to intro the concept:

Introduction to the concept:

A discouragment from working?:

Can the US* afford it?:


*And here you might have a case - I haven't seen a similar argument for Aus.


And if you want an in-depth discussion, try this one (one hour):