Readit NewsSo yes it's a tax but it's a tax on a very specific segment of the population.
Why. We used to have much higher tax rates on the super wealthy. That was when America was doing stuff rather than floundering.
I'd even argue it's in their own interest to have higher taxes. There is no guarantee the current structure of society will continue indefinitely. Without a more reasonable distribution of wealth, we may end up repeating the "let them eat cake" episode.
> For years, companies like Google, Facebook/Meta, and Amazon hired too many developers. They knew they were hiring too many developers, but they did it anyway because of corporate greed. They wanted to control the talent pool.
Aside from all the claims with no sources/references whatsoever (claims which are not at all self-evident), blaming "corporate greed" for hiring employees? Isn't it also "corporate greed" to lay people off? Blaming corporate greed for causing high salaries? Let me guess, if they started cutting salaries, that is also corporate greed?
It's not possible to "control the talent pool" when there are so many companies in competition. Yes, they want to hire the best engineers they can find and they will pay handsomely for it. Every company (even our small non-profit) wants to hire the best engineers we can find. It's not "corporate greed" or us wanting to control the talent pool.
That being said, yes the article is just a rant. But that doesn't mean it's wrong generally. I think it ascribes a bit more intent than was actually present. I think big tech is more like a school of fish than an elite cabal of serious thinkers.
Especially silly when the chance of China invading Taiwan is very nonzero.
Sadly, the US is hitting a hiccup as the current administration is going out of their way to make solar installs harder and more expensive. Putting tariffs on solar equipment imports is an insane self-defeat. We should be importing as much cheap solar and battery gear as we can get our hands on.
Give it a couple years of price progress and political turnover and I think we’re going to be in a great position.
That comparison is absolutely wild.