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@brad_frost And staggering to think how impossible that will be for future generations because of how badly we've mucked up copyright law.

If my "eat the rich" mentality wasn't cemented before, the fact that SVB paid out bonuses immediately before failing has done it.

People say that if America raises taxes on millionaires and billionaires, then they'll just go and run their business in other countries.

Good. GTFO.

@AriCohn @NatlSecCnslrs @mmasnick Don't worry, if it's gonna fail, it won't be soon, it'll be in 5 years when your place floods while you're on vacation.

So the federal government is now stepping in to make sure the rich folks don't feel any pain so they don't retaliate by destroying our entire economy.

And, yes, I know "retaliate" is really "panic like a herd frightened sheep" but still.

We really are just peasants living in a world built for oligarchs.

@annmlipton So this is basically a stopgap until they can find a buyer? They're not actually permanently paying these people off with taxpayer money, right?

@nsarwark For most of my life, it was absolutely "disrespectful to the millions who died" to "[evoke] the Nazis". But it occurs to me that the reason why is analogous to why one should not falsely cry "Wolf".

Only now, the wolves are trying to convince us that the lesson of that parable was to remain silent even as they circle our homesteads, ready to strike.

@annmlipton Sounds like the large east coast banks are feeling pretty justified today.

"That's a nice economy you got there. How much you willing to pay to keep it?"

Steve Herman  
“Prominent Silicon Valley personalities and executives have been hitting the giant red ‘panic’ button, saying that if Washington does not come to t...

@brad_frost (A) What exactly does "terrible luck with USB cables" entail?
(B) What's the use case?

@trinsec @cajun_cheechako My mom got me one of these for Christmas a few years back. I love it, just for ease of cleaning alone. And it probably works a little bit better than the ulu, simply because it's pizza-width already.

Fountain in Italy, on sunset gets highlighted by sun, looks like pouring fire

@acjay @Pat Of course they're not billionaires. But they are the 1%. They're not small-fry.

@Pat @acjay Yeah, that's insane. If you have more staff than you need to run an average full-service restaurant, you're no longer small, imo.

@acjay @Pat Strongly disagree with a 100-employee company being considered "small".

Another point: If you're doing $250k per period in payroll, that's $6.5 million per year in payroll expenses alone. That means that company's bringing in at least ~$10 mil a year just to break even without even considering material or facility costs.

These are not small companies we're talking about.

@lucifargundam @DavidBond Well, yeah, of course. I've been doing a variation on that for years (who doesn't?), but the efficiency isn't great, so I'm experimenting with strapping model rockets to the pigeons' backs.

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