GenEcon

joined 1 year ago
[–] GenEcon@lemm.ee 1 points 5 months ago

Thats some really hard BS.

How do you think is hit harder by Inflation: someone working for 50 k a year and negotiating a raise every other year or someone with 500 k on the bank?

Inflation hits the wealthy people the hardest! Not something I despise, but your claim is still complete BS.

So why do we aim for 'close to, but below 2 %' inflation (2nd BS claim: no one aims for 2–3 % inflation). Because it has shown to be the most efficient to reduce unemployment and force rich people and companies to actually invest. Without inflation companies would need to fire people a lot more, since they can't lower their expenses for their workforce in a different way. And sometimes they are struggling with their productivity and can't stay competitive in any other way. Lowering wages is not allowed in most countries.

It also forces rich people to invest. If there's no inflation, I can just get rich and then do nothing. If the value of my money decreases 2 % each year, I need to actively participate in the economy, at least by lending my money to other companies so that they can invest in new things.

[–] GenEcon@lemm.ee 2 points 5 months ago

From the 10 Dollar, taxes will be deducted. Afterwards Apple or Google take their share (if you subscribe using the App). Of the remaining money the Music labels take 70 %, and Spotify keeps 30 %. The music labels pay a fraction of the 70 % to the artists, depending on the contract and the artist's share of streams reported by Spotify.

[–] GenEcon@lemm.ee 2 points 5 months ago (1 children)

That whole article is BS, they even say it themselves:

Rates are rarely paid at a flat rate per stream

There is no payout per stream. Instead a fixed percentage of the subscription price is shared among each streamed song. So why does Tidal pay more then? Either their subscriber numbers are still incorrect (they have a history of publishing way higher numbers than in reality), their subscriber listen to less music (which is the main reason Apple Music pays more per stream on paper, since its often bundled) or their audience focuses more on a single artist (or a genre).

[–] GenEcon@lemm.ee 4 points 5 months ago

They pay less than Tidal claims it pays. So far Tidal has a really bad history of publishing correct numbers.

[–] GenEcon@lemm.ee 25 points 5 months ago* (last edited 5 months ago) (8 children)

The problem is that Spotify is losing money each year. They aren't profitable. And if they are keep focusing on music, they never will. Their deal with the music labels says that they need to give 70 % of each subscription to the music labels. So by getting more people to signup, they only marginally increase their revenue. Same goes for raising their prices.

Thats why they tried focusing on Podcasts and Audiobooks. Those are a lot more profitable, either by adding ads (Podcasts) or by charging a premium (audiobooks).

[–] GenEcon@lemm.ee 3 points 5 months ago (3 children)

How does this work? Spotify has a deal with the music publishers, where they give 70 % of all subscription income to the music companies. The music companies (Sony, Warner, etc) then split the money based on the share of streams.

How can Apple pay out 2.5x70 %, so 175 %? Are thes losing with every subscription?

[–] GenEcon@lemm.ee 3 points 5 months ago

Who needs actually good research and freedom of science, if you have enough young men willing to dive into the meat grinder with poorly developed weapons.

[–] GenEcon@lemm.ee 1 points 5 months ago

Don't give me hope.

[–] GenEcon@lemm.ee 4 points 5 months ago

I helps. Last week ago a Neonazi was stupid enough to do the Hitler salute and has now to face the consequences.

[–] GenEcon@lemm.ee 2 points 5 months ago

You can eat raw pork – its really common in Germany. But you need special treatment of the pigs.

[–] GenEcon@lemm.ee 11 points 5 months ago

Its news because it happened in a public setting. Neonazis are less afraid than ever to show their true face even on social media.

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