Thursday, July 19, 2012

Tech is Over

Google is sitting on 10s of billions in cash and has no idea how to invest it. Microsoft and Apple are the same way. See the discussion at Marginal Revolution.

How about a guaranteed income floor for everyone and a 20 hr/week job for everyone who wants it? The 19th century ended a long time ago, folks.

Full discussion by Eric Schmidt (Google CEO) and Peter Thiel (tech investor) at Fortune.

2 comments:

  1. I suspect it will have no shortage of very creative ideas when it comes to devising schemes to pay no tax on it's profits.

    Problems of today do not seem a million miles away from the robber barons of late 19th century America.

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    Replies
    1. Yep, the robbers are very much with us.

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