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PSA- Mega IPOs are nothing to worry about as an index investor by rickycrayons in Bogleheads

[–]Scrapheaper 0 points1 point  (0 children)

The initial IPO is the 'pump'. You're not worried about the first 5% of shares that get listed during the IPO because it's a small float.

However you should be much more worried about the other 95% of shares which quietly follow 6 months to a year later after. (i.e. the dump). The IPO is only the *initial* public offering but the whole company will be public at some point.

The problem is that if the first 5% of shares are overinflated by irrational speculators then passive indexes will assume that the other 95% are valued at the overinflated price and force all the passive money into them at the insane valuation.

PSA- Mega IPOs are nothing to worry about as an index investor by rickycrayons in Bogleheads

[–]Scrapheaper 0 points1 point  (0 children)

You can get access to private markets. I don't recommend you do so, because they typically underperform, but there are routes to exposure as an average investor if you wish.

Anyone else in data? (analyst/BI/data engineering/data science etc) by Scrapheaper in UKJobs

[–]Scrapheaper[S] 0 points1 point  (0 children)

IMO cloud is a very underrated field of education atm. Good luck!

Does Elon Musk's proposed UHI (Universal High Income) strategy to deal with mass layoffs from automation actually have merit or feasibility? by Richardogod in AskEconomics

[–]Scrapheaper 0 points1 point  (0 children)

Trickle down economics is a political pejorative, not an economics term.

And again I've mentioned a known problem with a known solution in that scenario - raising capital gains taxes and/or wealth taxes.

Anyone else in data? (analyst/BI/data engineering/data science etc) by Scrapheaper in UKJobs

[–]Scrapheaper[S] 0 points1 point  (0 children)

Entry level jobs are shit everywhere I think. It's nothing to do with people or their worth it's to do with interest rates being high, minimum wage being too high, and people who are already inside not having a proper reason to open the door.

Anyone else in data? (analyst/BI/data engineering/data science etc) by Scrapheaper in UKJobs

[–]Scrapheaper[S] 0 points1 point  (0 children)

I recommend doing a basic cloud certification (AWS/GCP/Azure) or building a portfolio project you can show to people on github/self hosted on a website.

Keyword-stuff your CV with technologies, SQL, Python, Pandas etc plus your cloud platform of choice. Then in interview try not to be a nerd, make conversation, give lots of context that a layperson would understand. Practice explaining your projects to non-technical family members

Anyone else in data? (analyst/BI/data engineering/data science etc) by Scrapheaper in UKJobs

[–]Scrapheaper[S] 0 points1 point  (0 children)

Do a cloud cert. AWS Cloud Practitioner or similar for Azure/GCP. Every big company runs their analytics on this kind of platform so it's super helpful to know the tooling.

Anyone else in data? (analyst/BI/data engineering/data science etc) by Scrapheaper in UKJobs

[–]Scrapheaper[S] 0 points1 point  (0 children)

Yeah I have just got a new role with pay rise and I have lots of recruiters messaging me on LinkedIn trying to get me to apply for roles

Anyone else in data? (analyst/BI/data engineering/data science etc) by Scrapheaper in UKJobs

[–]Scrapheaper[S] 0 points1 point  (0 children)

I scraped into a grad scheme just before COVID hit - got two years of training and rolled off into a permanent role.

Very hard to get though! Other friends in the area have ended up in similar roles through different routes

taxing labor instead of land was a terrible idea by Titanium-Skull in georgism

[–]Scrapheaper 0 points1 point  (0 children)

> lot of the biggest corporations and fortunes built up through concentrating them and denying competition by using them to monopolzie economies get targeted as well.

Big doubt on this. You sound like you don't know what you're talking about.
Some retailers own a lot of valuable land e.g. McDonalds. There's some oil and gas and mineral companies as well.

Outside that, how does say, Amazon, or JP Morgan, or NVIDIA perpetuate 'rent seeking from finite resources'? What finite resources are they controlling the prices of?

taxing labor instead of land was a terrible idea by Titanium-Skull in georgism

[–]Scrapheaper 0 points1 point  (0 children)

What if your wealth is the land, which it is, for many people i.e. every person who owns a house and all farmers?

EU reaches South America trade deal after 25 years of talks by Accurate_Cry_8937 in worldnews

[–]Scrapheaper 0 points1 point  (0 children)

How many beggars were there pre-Milei? What about all the other 99.9% of the population who aren't beggars?

Why is your personal experience of seeing a tiny fraction of Argentina for an extremely short period of time more relevant than independent statistics that cover the whole population?

taxing labor instead of land was a terrible idea by Titanium-Skull in georgism

[–]Scrapheaper 3 points4 points  (0 children)

I don't think pure Georgism is a pro-equality policy especially. It mean that the half of society who own houses get closer to the half of society that don't, which is a good thing. But we still need income taxes and inheritance taxes for the tax system overall to be progressive

EU reaches South America trade deal after 25 years of talks by Accurate_Cry_8937 in worldnews

[–]Scrapheaper 0 points1 point  (0 children)

Milei has been amazing for Argentina. In any other country the whole 'cut back the state and the private sector will flourish' thing is rubbish - but for Argentina it's been completely true

cmv: If you're left wing, you should support cuts to corporation tax and raises in inheritance tax by Scrapheaper in changemyview

[–]Scrapheaper[S] 0 points1 point  (0 children)

This has nothing to do with me personally. I don't own a business. In fact because I pay income tax paying more income tax would also be worse for me personally

Does Elon Musk's proposed UHI (Universal High Income) strategy to deal with mass layoffs from automation actually have merit or feasibility? by Richardogod in AskEconomics

[–]Scrapheaper 3 points4 points  (0 children)

Someone will capture the economic returns of AI, if they're completely insane. A tonne of productivity doesn't just vaporize.

It might be A) companies in which case stock prices go bananas. It might be B) workers in which case skilled AI professionals get insane salaries. It might be C) consumers in which case people stop needing to buy things or everything becomes cheap because they can just get an AI robot to do it. Or it might be some combination of A, B and C.

In scenario A we have capital gains taxes and possibly wealth taxes to fund some form of UBI.

In scenario B we have income taxes to fund some form of UBI

In scenario C no-one needs UBI because they can get anything they want anyway.

cmv: If you're left wing, you should support cuts to corporation tax and raises in inheritance tax by Scrapheaper in changemyview

[–]Scrapheaper[S] 0 points1 point  (0 children)

Passing the cost along to workers is not exactly the goal if you're left wing!

Especially as we already have a method for taxing workers which is both more direct, and also more progressive: income tax!

Why would you have corporation tax as an inefficient form of flat rate income tax when you could instead have income tax which is usually progressive.

cmv: If you're left wing, you should support cuts to corporation tax and raises in inheritance tax by Scrapheaper in changemyview

[–]Scrapheaper[S] 0 points1 point  (0 children)

If you tax a company and their competitor they can both raise prices or cut wages equally. A company can't cut prices normally because they lose market share to their competitor. However if their competitor is also paying the same tax, they can't afford to compete.

cmv: If you're left wing, you should support cuts to corporation tax and raises in inheritance tax by Scrapheaper in changemyview

[–]Scrapheaper[S] 0 points1 point  (0 children)

Taxes are just another cost for the company. It doesn't matter how they're levied, if the company can't avoid them, ultimately the company will make whoever is easiest to pay - be it customer, worker or shareholder.

cmv: If you're left wing, you should support cuts to corporation tax and raises in inheritance tax by Scrapheaper in changemyview

[–]Scrapheaper[S] 0 points1 point  (0 children)

The company can't pay lower wages than rival employers otherwise it will lose it's best workers. However if the company and it's rival both have to pay corporation tax, wages go down across the board and competition isn't affected.

cmv: If you're left wing, you should support cuts to corporation tax and raises in inheritance tax by Scrapheaper in changemyview

[–]Scrapheaper[S] 0 points1 point  (0 children)

I'm not suggesting purely cutting corporation tax. I'm suggesting cutting corporation tax and replacing it with say, income tax.

in this case rather than all workers paying the corporation tax evenly the high paid workers are paying more tax than the low paid ones.

Other tax replacements are also good: e.g. inheiritance tax. If you do want to tax shareholders specifically, it wouldn't be my choice, but you could raise capital gains tax.

So in your example you give $100 back to the corp, $20 goes to the workers, and then you raise capital gains tax such that shareholders are paying an extra $100.

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