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After months of delay, the House passes infrastructure bill
- garmaine 5y agoBad news for crypto.
- quitit 5y agoI’d be interested to know the implications if you have time to share.
- garmaine 5y agohttps://www.coindesk.com/business/2021/11/06/house-sends-infrastructure-bill-with-crypto-tax-provision-to-us-president/ https://www.coindesk.com/business/2021/11/06/house-sends-inf... Tl;dr it will be a felony offense to receive >$10k of any digital asset without filing a report including KYC information on the sender.
- Henk0815 5y ago10k i which time frame? a crypto can in worth from 9k to 10k and back to 9k in one day.
- quitit 5y agoThank you
- EastOfTruth 5y agoThey were loosing the grip on things?
- EastOfTruth 5y agoEverything Biden does is very short sighted....
- throwaway4good 5y agoWhy? Would it not be worse if the bill had not passed?
- garmaine 5y agoThe 6050l provisions in this bill are impossible to comply with, and carry criminal charges of you don’t. It would be far better if this bill didn’t pass.
- marcellus23 5y agoGood
- DaftDank 5y agoWhat is good?
- marcellus23 5y agoThe comment I responded to consisted of one sentence that communicated one idea. Where’s the ambiguity in what I think is good?
- DaftDank 5y agoOk, so I assume you are saying it's good crypto is having bad news. May I ask why?
- marcellus23 5y agoI think there’s enough info out there on what’s bad about crypto, I don’t have a particularly unique take on it. I suggest Googling it.
- TheGigaChad 5y ago[dead]
- netcan 5y agoThe $1trn headline makes me expect something to excite the imagination... A roman aquaduct wow factor. Something to marvel at. Am I being shallow? Does it make bad sense to cut a $100bn slice for something epic? A hypersonic monorail perhaps?
- ur-whale 5y ago> The $1trn headline makes me expect something to excite the imagination A country running out of money and going into hyperinflation via money printing ? Exciting enough for you ?
- adam_arthur 5y agoI'm definitely personally on the more hawkish side, re inflation. But this bill may help reduce longer term inflation if it's actually spent wisely. e.g. if port throughput/efficiency increases, we could process imports more cheaply. I'm not an expert on the bill, but the skew in the numbers seem a bit strange. Personally I think the cost should have been weighted much more heavily towards logistics/energy aspect of infrastructure, rather than repairs. I'll have to read the fine print, but the money for "bridges" seems kind of wasteful unless they're actually building net new bridges. Are the bridges in poor condition actually on the verge of structurally failing? Or just older but serviceable. E.g. a second bridge connecting VA and MD over the Potomac would be pretty awesome, and greatly alleviate congestion.
- rsj_hn 5y ago> But this bill may help reduce longer term inflation if it's actually spent wisely. Absolutely! And it's a shame that the USG is using this type of cash-based accounting instead of depreciating long term assets like any other business. At the same time, anything to do with infrastructure is so wasteful that I am always a little afraid whenever these infrastructure bills come up. Good discussion here: https://www.wbur.org/onpoint/2021/08/02/why-does-infrastructure-cost-so-much-in-america https://www.wbur.org/onpoint/2021/08/02/why-does-infrastruct...
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- nickthemagicman 5y agoI agree. I was affected by drunken bicyclist once. They hit my stroller and injured my baby. It's high time we mandated this kind of system on all human piloted systems. Bicycles, golf carts, roller skates, etc. They should require a full breathalyzer test and full ongoing facial motion detection to ensure safe piloting of the vehicle. Safety first, always.
- furgooswft13 5y agoDon't forget Power Wheels.
- nickthemagicman 5y agoAbsolutely I don't know why power wheels would be left out. Anytime a human pilots a machine, it increases their risk of injuring another person. We need to reduce these risks for safety.
- vagrantJin 5y agoDefinitely hoverboards too.
- Brian_K_White 5y agoMy upgraded scooter wheels on my office chair means it should probably just be illegal altogether.
- rrss 5y agoasshole move to mock someone’s experience with the impact of drunk driving with sarcasm. why don’t you try actually making an argument? I don’t really care about this either way, but unless you can point to statistics on deaths due to drunk bicycle riding, this is a stupid slippery slope.
- donatj 5y agoPeople who have lived experience of rare events are the people who have the least rational outlook on said events. Someone who’s child is mauled by a dog is going to have an unreasonable opinion on dogs, letting them have a say on policy just leads to overprotective laws.
- Bombthecat 5y agoTesla stock will explode! Plus the hertz order was confirmed!
- throwaway4good 5y agoWhat exactly is in it? If you add up the numbers at the bottom of the article, it is only about 500B. Is the rest already already allocated infrastructure spending?
- mister_tee 5y agogood catch; it's $550B in new spending and $450B of renewing infrastructure programs that were going to expire (or have expired since the bill has dragged on) I don't know what the $450B is though, all the media focus and interest is on the new shiny stuff.
- mark_l_watson 5y agoHa! Just as I expected, a bill that mostly builds infrastructure that corporations/Wall Street wanted, not much for the slave class (also known as the “middle class”). As Warren Buffet once said “there has been class warfare and my class won.” Biden should man-up and issue executive orders to satisfy at least a few of his campaign promises to the non-elite class.
- pavlov 5y agoYou have to be more specific and explain why the middle class slaves don’t benefit from power lines, airports, fixed water pipes, flood protections etc.
- mark_l_watson 5y agoWe benefit somewhat by increased employment but I believe that the reconciliation bill had the good stuff for non-elites, not this bill. It is an open question whether massive spending is appropriate right now.
- kwertyoowiyop 5y agoFor me, this article was quite confusing and hard to follow. In contrast, CNN’s article was easier for me to understand: https://www.cnn.com/2021/11/05/politics/house-votes-infrastructure-build-back-better/index.html https://www.cnn.com/2021/11/05/politics/house-votes-infrastr...
- nickthemagicman 5y agoThey're really working on making automobiles a lot safer by installing breathalyzers in every car. Exciting times! https://time.com/6086981/bipartisan-infrastructure-bill-breathalyzers/?amp=true https://time.com/6086981/bipartisan-infrastructure-bill-brea...
- op00to 5y ago100% support this. If you know anyone who has been affected by the callous and careless behavior of drunk drivers, ask them if they agree.
- gruez 5y ago>If you know anyone who has been affected by the callous and careless behavior of drunk drivers, ask them if they agree. I bet if you asked 9/11 victims whether they want the PATRIOT act, they'd agree as well. That doesn't mean it's a good reason to support it, or that their feelings should be given more weight than anyone else's.
- op00to 5y agoWow, you just somehow denigrated both 9/11 victims and drunk driving victims while attempting to defend the right to drive drunk. Congratulations.
- gruez 5y ago>Wow, you just somehow denigrated both 9/11 victims and drunk driving victims how? by pointing out that their opinions don't get an automatic free pass because they were victims? >while attempting to defend the right to drive drunk. Congratulations. Congratulations on generalizing everyone who's against such measures as "defend the right to drive drunk". That's exactly the same argument as surveillance supporters, who claim that if you're against surveillance you must be a terrorist/pedophile/criminal and/or support them. You can be against drunk driving, but be skeptical or against this specific implementation of anti-drunk driving measures. As it stands right now, you haven't provided any justification for why it's warranted and is worth the costs, aside from "ask [drunk driving victims] if they agree".
- ianai 5y agoPrevious upload and convo of the senate bill text for reference: https://news.ycombinator.com/item?id=28047538 https://news.ycombinator.com/item?id=28047538 Much ink gets spilled over the machinations leading up to legislation. But the machinations being in the open as they were give us normies a chance express our opinions on it in real time to our representatives. It’s actually the opposite of lobbyists and crony capitalism. Granted, two things can be true and lobbyists and “well funded interests” get their say all throughout the process. Still a world of difference from a bill coming out from closed door meetings with nobody outside even seeing it.
- CalRobert 5y agoThis whole time I've been confused how investing more money in roads is compatible with our climate goals. Should we not trying to decommission roads and encourage people to move to denser, walkable and cyclable city centers?
- tomohawk 5y agoOnly about 10% of the money is for actual infrastructure like roads.
- pavlov 5y agoLooking at the breakdown numbers posted by the White House, seems like a lot more than 10%: https://www.whitehouse.gov/briefing-room/statements-releases/2021/08/05/fact-sheet-the-bipartisan-infrastructure-investment-and-jobs-act-advances-president-bidens-climate-agenda/ https://www.whitehouse.gov/briefing-room/statements-releases...
- mrweasel 5y agoThe US is huge, and people are already migrating to the cities (a bad move in the light of COVID). The remaining cities still need to be connected by roads, even if you’re closing down small communities. You can also improve public transport, build bikelanes and sidewalk, while updating roads to help the parts of the community that will inevitable live outside the inner city limits.
- mym1990 5y agoHasn’t the trend been the opposite during covid, people have actually been moving out of large city centers? I think generally people like to have the space, especially with a family, and it’s just cheaper in the suburbs.
- vagrantJin 5y agoI dont have the data but it seems transportation is something that exponentially gets harder to solve the more resources you have. Anecdotally, I live in a suburban area in a "developing" country. It was definitely not designed for people to live in - there are no small shops just a huge big chain store, barely any sidewalks and I havent seen any people just walking about. Every house seems to have about two cars. Outside the suburbs its the complete opposite. Roads are full of people milling about and kids playing cricket or soccer. Cars are second class citizens on the townships. First class citizens in the suburbs. Crazy.
- News-Dog 5y agoFiber to the basement, 1 to 10 gigabyte internet speeds?