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rbreich , to Random
@rbreich@masto.ai avatar

The argument against regulation is always the same: “It stifles growth and jobs.”

But just as tax cuts for corporations have not trickled down, regulatory cuts have not benefited most people.

Big companies enjoy bigger profits. Working people bear the costs.

nutmeg ,

@rbreich

Lack of regulations costs lives.

karlauerbach ,
@karlauerbach@sfba.social avatar

@rbreich Smart corporations use regulation as a cudgel to crush competition.

For example, AT&T achieved its monopoly by seeking regulated status as a way to dominate and exterminate the independent telephone companies of the early telephone era. AT&T used regulation as a weapon in ways that were outrageous - witness the amazing Hush-A-Phone case where AT&T tried to ban what amounted to a mere passive plastic hand that could be attached to a telephone in order to better focus voice into the terrible carbon microphones of the 1940s.

Right now the Internet has relatively loose standards for attachment and interoperation. I fully anticipate that we will be seeing efforts to constrict this on the grounds of security or reliability or whatever, much as the 5G telco universe is largely closed to those who do not dance to the monopolistic tune.

rbreich , to Random
@rbreich@masto.ai avatar

Trump’s tax law cut the corporate tax rate from 35% to 21%.

What did corporations do with the money saved?

They didn’t invest it or raise wages.

They spent a record $1 trillion on stock buybacks the year after the law went into effect.

Nothing trickled down to workers.

dikfraser ,
@dikfraser@mastodon.social avatar

@rbreich So the trickle is controlled by the tricklers. Tricky!

daveeater ,

@rbreich Stock buybacks used to be illegal (New Deal era). These laws need to be re-established.

georgetakei , to Random
@georgetakei@universeodon.com avatar

You're hired!

TheDarcBird ,
@TheDarcBird@vivaldi.net avatar

@georgetakei

That’s good enough for my team

cqd_sos ,
@cqd_sos@mastodon.online avatar

@georgetakei
The positive attitude is what counts.

georgetakei , to Random
@georgetakei@universeodon.com avatar
nemeciii ,
@nemeciii@mastodon.social avatar

@georgetakei grounding was the least thing to do.

What I would have done would be that he'd have to come clean about the prank to the girl and apologize. Then as an apology offer money for a fine dining dinner at a central location on his expense from his monthly allowance. He wouldn't be at the dinner.

What a dimwit son, I would have made him do all the chores in addition. 😡

tony ,
@tony@hoyle.me.uk avatar

@georgetakei Boys will be boys? Retch. In the 21st century that phrase should have been banished for good.

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