overrun11 (u/overrun11)

overrun11 commented on If AI replaces workers, should it also pay taxes? english.elpais.com/techno... · Posted by u/PaulHoule

jarpschope · 7 hours ago

Indeed that has not happened: https://tinyurl.com/3dutardj

overrun11 · 3 hours ago

No that's just a really misleading graph. Most of the gap disappears once you include variable pay like benefits, overtime, bonuses, stock comp etc.

See this explanation and corrected graph: https://fraser.stlouisfed.org/title/economic-synopses-6715/w...

overrun11 commented on If AI replaces workers, should it also pay taxes? english.elpais.com/techno... · Posted by u/PaulHoule

gortok · 6 hours ago

One thing to point out that is lost in these arguments of “they create value for the shareholders”.

Folks that own a vast amount of stock do not pay taxes on that stock. They own the shares, and they take out loans against those shares. At some point they rollover or pay off those loans by selling some shares, but the shares have increased in value significantly in that time, or they’ve been granted new shares.

When we say “<business> has created value for shareholders”, it’s said in a way that implies that somehow that wealth creation makes its way into the tax system by virtue of the fact the wealth was ‘created’. It does not.

overrun11 · 5 hours ago

First, taxes still get paid when the individual dies as estate tax. Second, increased shareholder value typically means more corporate profit which is also taxed. Third, dividends are taxed. So your claim that the shareholder value never makes its way into the tax system is plainly false.

This is all aside from the fact that increased shareholder value means a more abundance society regardless of the increase in taxes. We could quibble over the exact distribution of who gains from the enlarged pie but it's certainly not the case the 100% of it goes to capitalists so consumers and employees also benefit.

overrun11 commented on If AI replaces workers, should it also pay taxes? english.elpais.com/techno... · Posted by u/PaulHoule

lenerdenator · 6 hours ago

Not to speak for the other poster but I didn't see any implication of a central benevolent dictator in their comment.

overrun11 · 6 hours ago

It's implicit. Amazon has billions of dollars because customers freely handed over the money. We know they found the service valuable because they wouldn't have done so otherwise.

The poster is suggesting there is some _true_ value separate from what these customers who know their own situations best think. That they are secretly being fleeced and a central planner will somehow better allocate the resources.

overrun11 commented on X Just Accidentally Exposed a Covert Influence Network Targeting Americans weaponizedspaces.substack... · Posted by u/adriand

overrun11 · 21 days ago

Twitter pays more for US impressions so slop accounts often target a US audience and the payments are relatively more attractive to people in less developed countries. Aside from the fact that Americans are only 4% of the world population. What about this is surprising?

There is no evidence presented that there is any state sponsored conspiracy going on. Nor would you need one to explain what we're seeing.

The author also presents no evidence that Pro-Trump accounts are disproportionately represented among accounts lying about their country of residence.

Ultimately, this is just evidence-free gesturing at some grand conspiracy. Cherrypicking the bits that are red meat to her (and apparently HN's) audience.

overrun11 commented on X Just Accidentally Exposed a Covert Influence Network Targeting Americans weaponizedspaces.substack... · Posted by u/adriand

josefrichter · 21 days ago

So... Is Musk really trying to say he didn't know this before election? This has to be investigated, as it has implications far beyond Musk. This is basically a global scandal.

overrun11 · 21 days ago

No slop accounts being run from third world countries is not a global scandal

overrun11 commented on X Just Accidentally Exposed a Covert Influence Network Targeting Americans weaponizedspaces.substack... · Posted by u/adriand

jrm4 · 21 days ago

Absolutely wild that this isn't bigger news. This should be the front page of every major news network.

overrun11 · 21 days ago

That people from third world countries are making slop political accounts to make money? Hardly a news story at all

overrun11 commented on Ireland is making basic income for artists program permanent artnews.com/art-news/news... · Posted by u/rbanffy

racktash · 2 months ago

Art and culture may be "unproductive" from a utilitarian point of view, but it's valuable and enriching in ways hard to measure on a spreadsheet.

overrun11 · 2 months ago

If it's impossible to measure art's value then there can't be any cutoff point at which we stop funding ever more art. Anyone who attempts to put a number on its value is treated as an overly rational boor but we obviously can't just devote the entirety of society's resources to creating more of it.

overrun11 commented on Ireland is making basic income for artists program permanent artnews.com/art-news/news... · Posted by u/rbanffy

racktash · 2 months ago

Strawman.

Some things need funding despite being unprofitable. Not everyone will agree, but I believe art/culture (including often unprofitable forms thereof) are worthwhile, and should thus receive public funding (to some degree). I believe the same about justice, policing, education, research etc.

None of this rules allowing a freeish market to operate where doing so "delivers the goods".

overrun11 · 2 months ago

You have to make an argument on _why_ market forces don't compensate artists fairly. The standard argument is that art is a public good with a free rider problem– a mural might produce value to everyone who looks at it but there is no way to force them to pay for it. That argument fails for many of the things this program is funding: theater, opera and film. All examples of art that is easily excludable.

overrun11 commented on Ireland is making basic income for artists program permanent artnews.com/art-news/news... · Posted by u/rbanffy

amanaplanacanal · 2 months ago

"Plenty" is kind of vague. How many in total are we talking? 100? 1000? 10k?

overrun11 · 2 months ago

Art is highly valued it's just a winner takes most market just like sports. A tiny minority make all the money and the rest get nothing.

overrun11 commented on No science, no startups: The innovation engine we're switching off steveblank.com/2025/10/13... · Posted by u/chmaynard

seanhunter · 2 months ago

This is simply untrue in every detail. All common stock is pari passu. A buyback of common benefits all common stock holders pro rata with their holdings. Similarly, vesting grants without buybacks harms the common holders by dilution. A buyback of the amount of vested is the least that is required to keep the common holders whole.

overrun11 · 2 months ago

The person you're responding to's argument is incoherent and not worth engaging in. The crux of it is that long term shareholders aren't benefited by buybacks because share price doesn't matter to them because they will never sell. Somehow however, dividends are good for them because they will not reinvest them for some reason? It doesn't make any sense.