The American Thread of Mid-Term Elections (2010)

[Rath]

Kasz216 said:

Well if it wasn't for the government BP would be out of buisnesses.  Due to liability caps they didn't have to go bankrupt with all the cost to fix that oil spill.  Why there are liability caps I dunno.   I don't have a liability cap if i break something that prevents me from going bankrupt.

One interesting thing I've seen is a suggestion to change the way we tax companies.   Instead of taxing companies for being here... you tax companies for selling here... and if anything give a tax bonus FOR staying here.  Instead of a 10% fee on sold items, if they are mostly produced here, it's 5%.

 

It's just a hobby for me.  Had the choice between Psychology and Economics.   Made the wrong choice.  Turns out that Psychology is a lot more shallow then you'd think.  For example all the main disciplines of psychological therapy are equal effective.   

In reality while pscyhologists are extremely useful, and it does require training... the actual fields of psychology scientifically are just... all nothing.   Psychology is more philosphy then science.

A lot of this can be said for Economics too but... at least with economics there is real life data.  People like Paul Krugman can talk a good game, but there is data out their contradicting them... which is really the case for all science.

BP ignored the liability caps. The liability cap was somewhere in the hundreds of millions and BP put aside $20B which I'm fairly sure was full liability.