Love this article

Discussion in 'Tesla' started by 101101, Nov 26, 2017.

  1. 101101

    101101 Active Member

    https://www.google.com/amp/s/techcrunch.com/2017/11/26/in-praise-of-teslas-bankruptcy/amp/

    One small quibble, the requirement to try to turn a profit how ever small is only there to prevent tax evasion and fit the rest of the for- profit tax structure. There is no requirement or expectation (apart from idiots) that profit will be maximized especially for useless rent seeking purposes like dividends (credit card that can't be paid back) or stock buy backs.
    The idiot W. Admin did make it so any 'savings' like illegal pension liquidation could be called savings to trigger CEO bonuses and other idiocy. And now even where revenue is up, critical and useful investment by still new firms (compartative) will be called losses by the moron crowd if any chance to enrich parasites is missed.

    Also, hopefully the author was being sarcastic about the intellect of Chanos et al
    as this group seems to think of capital as a toll road set up to reinforce the statis quo as if there were value in that. How intelligent are cheer leaders for rent seeking parasites who praise their non contribution while blaming all that goes wrong on the victims of the rent seeking? How intelligent are beligerant parasites who bring upon themselves French and a Russian style revolutions?
     

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