Comment by thesingularityisover on Nov 16-18: Rationality for Entrepreneurs · 2012-11-08T17:28:01.721Z · score: 5 (11 votes) · LW · GW

I'm a little skeptical about this: "Attendees will be surrounded by other ambitious, successful, practically-minded folks"

Can I get some evidence?

Comment by thesingularityisover on Voting is like donating thousands of dollars to charity · 2012-11-05T20:42:36.209Z · score: 0 (2 votes) · LW · GW

Congressional elections work much differently than presidential elections. My vague impression is that nuts-and-bolts level concerns like what industries go in what state are handled by Congress, not the president.

No, actually, the federal government doesn't do all that much to determine what industries go into which states. Mostly its private decision making. Businesses are generally free to locate their operations or management wherever they want to. Of course, some businesses, like gambling, are illegal in some localities or they can get more favorable treatment in certain locations rather than others, but typically the federal government doesn't make those decisions.

Comment by thesingularityisover on Passive income for dummies · 2012-10-30T18:34:17.224Z · score: 4 (4 votes) · LW · GW

A number of years ago my wife worked as a sales associate for AFLAC. Part of their model is that you continue to earn commission on every policy you sell for as long as the policy is active. So, if you sell a bunch of policies and the people keep on paying for them for a number of years, that income after the first year is passive income. They made a big deal out of that aspect of compensation during recruitment and to keep people motivated. I think they said something like "if you work here for 5 years you'll get paid for 10." So, some companies have figured out that business model.