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Joined 1 year ago
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Cake day: June 14th, 2023

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  • There are different types. The “financial duty” of corporations is generally overblown, however that is more or less what happened with Twitter. Elon made such a dumb offer that they had to put it to their shareholders. There’s some mechanism where shareholders can vote as a whole to sell, and if the vote passes then you don’t get a choice.

    But generally corporations absolutely aren’t required to do whatever makes the most money. They’re allowed to put other values above pure profit, as long as they can justify it being in the shareholders’ interests. The shareholders may disagree and vote them out because of it, but as long as it was plausible, it’s legal. For instance, I believe the board of an Oil company could decide to shut down their wells and fully pivot to renewables, and I don’t think the courts would hold them accountable. Preventing climate change is easily arguable as in the shareholders’ interest, even at the cost of significant money. However that board would likely quickly be voted out. (And it’s unlikely they would have gotten there if they didn’t love oil money.)

    If you own 51% of shares, public or not, you can’t be forced to sell afaik. And if you’re private, you’d have to do some pretty big illegal defamation or something to be forced to sell your property. Or you could die and your descendents could decide to sell.

    One issue is that we’ve set up our tax system to encourage cashing out asap. For the most part in the US, you’re going to be taxed at 37% whether you sell now or whether you have the company pay you out for the next twenty years. So why not get out while the gettin’ is good? In the past, with a 90% top marginal rate at a higher income, it was often better to keep your money in the company and in the reputation, and just have it pay you out at a medium tax bracket for the next fifty years. All you really need to do as your job is make sure the company stays stable anyway. You can do that while spending four days on the golf course.











  • I have a lot of experience with both. As a tech savvy user, I slightly prefer KeePass. Syncing between devices is slightly more painful, but I find it to be more reliable, and it doesn’t have the attack surface that Bitwarden does. (While encrypted, Bitwarden still really wants a web server and a local database connection.)

    VaultWarden is probably better for those who can’t be bothered to move a file around and want direct browser integration. With KeePass when you need a password, you’ll make sure the username has focus and then alt+tab to KeePass and hit “autofill”. Some sites won’t take “username{tab}password{enter}” and you’ll have to customize the configuration.

    VaultWarden is better at prompting you to add new passwords. I prefer the workflow that’s encouraged by KeePass, where you open the app first and use the app to open the URL. (You can do this in VaultWarden too, but it’s less obvious.)









  • The entire scalping/resale market arguably shouldn’t exist, instead tickets should be refundable within reason, at which point the organiser can issue and sell new tickets.

    I had to think about this for a minute, but this is exactly the way to handle it. Don’t allow direct transfers at all. You don’t get to pick who gets your tickets (and therefore scalping can’t exist.). But you still can refund your tickets (maybe with a SMALL fee) up to a couple hours before the event. I hope we don’t need legislation to say they have to be sold for the same price they were originally offered for. We don’t want an incentive for Ticketmaster to steal people’s tickets when a venue sells out.