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Fred Williams

Income chasm widens in San Diego

Jeff, your point is that high taxes discourage innovation. If geeks like me don't get to keep all our big pay, we won't contribute to society. Jeff, I've worked in IT for decades, around the world, with all kinds of talented hard-working creative people, some true geniuses...and none of them was particularly money motivated. We make what we make because of the desire to see things work. We create new products because we want to show off to our peers, because we think it's inherently interesting, or could be useful to someone. We want to control complex systems, get the satisfaction of knowing we've created something no one else could make, and not least we like to feel smart, smug, and superior to the "ordinaries" who will never understand what we are able to do. Money? Are you kidding? Once we've got enough for ordinary purposes, we don't really care that much. Witness the extravagant and wasteful splurges we are famous for. When I was 15 I was at the first US Festival, paid for by Steve Wozniak (who is much more of a geek hero that Jobs), where he was explicit about his motivations and the role of money in his world view. Jeff...you simply don't know what you're talking about. You can speak for what motivates speculators and money managers and day traders...and it's probably true that these parasites are motivated simply by greed to "innovate" new tricks and scams. But Jeff, you have zero authority or credibility when it comes to explaining the motivation of those of us who actually PRODUCE something of value in this world. We do it for higher and better moral reasons than explained in your narrow world view. Best, Fred Williams
— October 29, 2011 12:49 a.m.

San Diegans on bringing in the feds

Twister, I applaud your optimism. I do wonder how this era of capitalism is going to be viewed in fifty years. During the cold war, talk of class conflict was seen as quasi-treason. After the collapse of Russia, the triumph of capitalism was assumed, and talk of class conflict was seen as passe. Yet communism did serve a purpose. It acted as a counterweight to the worst excesses of capitalism. When it vanished as a political force, what replaced it? On the left, mostly "tribal" isssues, expanding rights for interests groups, but challenging the economic status quo was verbotten. Economic policy, for most of the world rich or poor, is focused on promoting growth. Endless ever expanding growth. In a living organism, we call endless growth cancer. Keynes compares the economy to a machine that can be regulated and tinkered with to change its performance. Hayek compares the economy to an organic system which is best left alone and flourish in its own way. Strangely, it's the Hayekians, deep free market advocates, who are most blind to the growth as cancer analogy. What comes in fifty years? Will our children look back in shame at our wasteful indifference to the future? Will they forgive us for ignoring the obvious? I enlisted in the Navy at 17, in large part to fight against communist totalitarianism. Now I think our fight has to be against capitalist totalitarianism, a cancer that is growing out of control, enriching primarily parasites. Interesting times we live in...unfortunately. Best, Fred
— October 22, 2011 9:02 p.m.

San Diego unions push transaction tax

Don and Jeff...here is Kahneman explaining the "illusion of validity" and how it leads intelligent people to think their good luck is actually due to skill. http://www.nytimes.com/2011/10/23/magazine/dont-b… Market traders have been richly rewarded, and can tell all kinds of tales of how hard they worked to earn the money. But the facts are stark...they got lucky, and just can't admit it. Best, Fred
— October 22, 2011 8:46 p.m.

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