what would it mean if gasoline were free? well, you could build a huge car, say as big a house, and then you could drive, or fly, it anywhere you wanted. voting with your feet? how would those property taxes work out, what about your address? how would the taxman milk you? and if the money stops coming in, who is going to pay for all those soldiers and senate office refurbishments. my argument has some holes, I'm sure, but the modern U.S. government's most vulnerable premise is the stationary house. so, if all those people that run the show want to keep you on the dairy farm, they need you to pay a lot for energy. lots of people can make money, and do, from you staying put, too. expensive energy is good for a lot of things, but oil pollutes, and most importantly, it takes away your ability to control your life. you can't leave when you want to or need to, and people with bad ideas have a monopoly of the systems that determine your potential.
with unlimited energy, I don't see a government being much more than a network administrator, or an enforcer of network protocols. maybe I need new glasses.
Saturday, May 30, 2015
Wednesday, May 27, 2015
sniffing coffee
C&T’s actual business, which generated 652 billion won operating profit last year and has an enterprise value of $12.9 billion
Whenever I read a line like this I think about how coffee sells for 5 dollars but is actually worth 75 cents. I think about that 4.25. People say its a product, marketing. It can be those things, and also disrespect. Youre taking my money. It works pretty well in a lot of ways, but this company is worth 12.9 billion. How much of that is made up of 4.25's. Do you know what I mean? If you want to get an idea of how much "froth" there is in the stock market, start thinking about your coffee, and remember that disrespect is not easily forgotten. Let's hope CT, or any company, does more value creation than theft.
http://www.bloomberg.com/news/articles/2015-05-27/samsung-heirs-get-25-billion-in-sales-for-free
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