Terence Eden. He has a beard and is smiling.

Terence Eden’s Blog

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Reductive Thinking and the Unfairness of Spotify Payments

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In "Theory Of Games And Economic Behavior" by John von Neumann and Oskar Morgenstern, the authors discuss the card game of poker. There are dozens of variations of poker, each with their own intricacies. But they all boil down to the same pattern - is my hand stronger than your hand? Here's how the authors frame it: Since a “square deal” amounts to assuming that all possible hands are dealt wit…

Why Can't I Pay Tax Only On My Profits?

· 5 comments · 500 words · Viewed ~473 times

King of Google Eric Schmidt has written in The Guardian about how unfair it is that people don't think Google pay a fair share of taxes. He makes three pretty good points. Companies only pay tax on their profits. Politicians shouldn't make laws with loopholes. International laws need harmonisation. I agree with his second two points - although no-one is forcing Google to exploit …