1. Doge isn't free. They have staff with expenses which haven't been accounted for in your argument.
2. Cancelation of forward facing contracts shouldn't affect the immediate numbers. But it's like laying off the entire company; you're going to record a record Q4 with all those sales but no expenses however come Q1 good luck for the company.
Although people have posted links so you can read the article [1] which largely points out that spending is up by $220 billion. Which is about 2.2 trillion worse than Doge promised.
More importantly you keep the portfolio semi-balanced.
Just using Google / Gold as a comparison [1].
Assume you have 100 units of each.
In late 2021, Googs gone up ~100% so you have to rebalance because you have $200 in Goog and $92 in Gold. So lets say you rebalance to 80 Goog (160$) and 144 Gold ($130).
In late 2022, Googs gone down ~40% so you have to rebalance because you have $96 in Goog and $141 in Gold. So lets say you rebalance to 100 Goog ($120) and 118 Gold ($112).
So over the course of 2 years Goog has gone up 20% and Golds gown down 5% but your investments are overall up 16%. Obviously a 100% Goog investment is higher but with more risk.
If you didn't do any rebalancing then you have a gain of 7.5% (100*1.2 + 100*0.95 = 215)
Sure but imagine you hire a landscaper and they send you a $40 invoice for $20 of law cutting and $20 of leaf cleanup. You go look outside and see a ton of leafs so you just send them $20.
That's the insurance companies' stance. The work you performed is this and so our agreed upon rate is this.
But in reality, the landscaper bills you for $100, you say you’re only going to pay $90, and then you write them a check for $31.50.
(That’s because you’re a major, well-known insurer and pay an industry high 35%. The guy who mows the Medicare yard might pay 40 cents on the dollar. The person mowing the Medicaid yard has to file 87 forms to get paid his $6.)
but the landscaper has a photo of the clean yard after they finished. They send it to you but you ( as the insurance company) say they need to call a specific time and speak to your 12y/o who is the yard representative of the house.
The 12 y/o say ‘no you stink’ and hangs up. Then you send the landscaper a letter saying ‘sorry your peer to peer was denied’
( I know this is exaggerating a bit and made to sound funny but it mostly works like that in healthcare )
If this went the other way where say FaceBook let people freely create accounts and talk to everybody and then later on either charged 10$/month, plastered the site with ads, or started to selling user data people would be upset about a bait and switch.
If you release something for free as you shouldn't be expected compensation for it. People also shouldn't expect anything beyond the terms that you've released it underneath as well.
Right! As long as the license is obeyed, who are you to complain? If the original developer has a problem with the results of something like the MIT License, well, they chose that, and licensing choices are very extensively documented in news.
Pro-tip: LICENSE files are just text! you can edit them. The license is the license, and if someone fucks that up, well, they fucked up. Don't want Amazon to use your lib? Just say that. I have very little pity for those that complain about this sort of thing. "Gratitude" has little legal standing, and expecting a corporation to be ethical is absurd as apologizing to your tapeworm.
> Firstly, regulating a thousand small players is much harder than regulating a few.
I don't agree with this.
Get you and a thousand friends to submit fake mortgages documents and let me know how many of you end up in jail. Compare that too how many people went to jail from Wells Fargo.
More smaller players is easier to regulate because you can literally use any punishments. If you dissolve Wells Fargo the economy is going to throw a fit (see Enron) but if you dissolve a tiny company then nobody cares.
Real Estate and Healthcare seem to be pretty highly concentrated industries imo. Even though there are a zillion agents/doctors they're part of a professional guild and that guild does the lobbying on their behalf. Like good luck getting antibiotics on your own but after a doctor looks at you for 1 minute you have a prescription for the same drug you always take for an ear infection.
Looking at partisan actors at face value is just going to lead you to a trap.
Literally from the article: "News reports, presumably based on DHS statements, described Quiet Skies as a “Biden-era” program even though its largest expansion came in 2018 during the first Trump administration. And according to the TSA’s press release last week:".
There's no way a program expanded during Trump1 just disappears in Trump2. Everything Trump2 is doing is just a continuation from Trump1.
https://en.wikipedia.org/wiki/Reactions_to_the_Panama_Papers
reply