this post was submitted on 25 Oct 2024
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2024 has seen two mass layoffs at Microsoft, with 1900 staff laid off in January, before a further 650 Xbox employees were shown the door in September.

Regardless, Microsoft's shares are up and the company's market value is now higher than $3tn, as it works to capitalise on the rise of AI.

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[–] [email protected] 29 points 2 hours ago (2 children)

When I entered the work force in 2005, it was with a company that had never had a layoff in its thirty-year history.

Then, in 2009, they had their first layoff, and I learned later our CEO had taken an 80% pay raise that year.

Taxes aren't theft. Literally firing people and taking their salaries is theft.

[–] [email protected] 14 points 2 hours ago

Also that CEO has an eminently punchable face.

[–] [email protected] 0 points 1 hour ago (1 children)

Taxes are theft the specific way they are designed in most countries.

Another example of theft is a hired administrator administrating by the criterion of their own pay.

I mean, it is understandable how this works - their pay is a counterweight to the incentive to "mismanage" the company if someone else pays a fitting price. The issue here is that these two incentives do not completely neutralize each other, in some dimension their components add up.

Why I had to say that taxes are still theft - because a CEO is equivalent to a state official in this issue. It's the same problem.

Political ideologies divide these problems, because political ideologies are like hedge funds, they diversify investments, so that every political ideology could be usable in every landscape for every policy. They are the opposite of consistent, by design.

[–] [email protected] 2 points 25 minutes ago

Taxes aren't because they come from societal structure i.e agreement that we're better off pooling resources