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Cake day: July 2nd, 2023

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  • Skyrmir@lemmy.worldtoNews@lemmy.world*Permanently Deleted*
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    8 days ago

    You don’t want congress writing exacting laws in a lot of regulatory situations. Think if congress right now was setting interest rates. It wouldn’t get done until long after the economy had imploded. Even if they were listening to the same economists, political problems would create a disaster. The same is true in most cases concerning the EPA and other regulatory agencies. By the time congress would be able to respond to a situation, everyone would have died of whatever the problem was.


  • Accounting practices reflect exactly what is relevant to profits within the desired time frame. There are no laws that make employee seniority valuable within the business cycle, so it has no value to account for.

    The investment that business sees is like you spending a thousand dollars a year for a century in order to make a million dollars. Sure it’s a 10 to 1 return on investment, but you’ll be dead, so is it really worth it?