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Hitler makes a comeback...

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This post makes no sense. From Illinios State site http://www.ides.state.il.us/employer/uitax.asp Rates for 2010 are max 7.250% min 0.650% base $12,520 (you don't pay into unemployment insurance for wages over $12520/yr)

The rate you pay is based on past claims not to exceed 7.250%. How does he get $20000?

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One successful claim against you changes the rate you pay for each employee. If your rate is set at 7.25% then for one employee you might pay 7.250% * $12,520=$907.70. You pay that much for EACH employee, e.g. 10 employees yields a bill for $9,077.

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Except that the headline quite clearly tells us that the charge is 20x higher than that (it's a $20k reason not to hire "someone", not "$20k reason not to fire 21 people").

Surely the headline would lie for the purposes of exploiting partisan anger?

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Doesn't "Hacker News" imply links that are only new? How about an "old" flag that buries the submission and bans the user from adding new submissions for a few days?

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A no-posting-ban would be way too strong for this kind of error. If we're going to make the distinction that something is old, first of all, pg ought to add better duplicate detection (I've seen cases where the same link can be submitted multiple times if enough time has passed, I think). Secondly, posting something old is almost always an innocent mistake; so if we're going to criminalize it, we ought to at least present the poster with a digg-like "Are these items similar to what you posted?" thing to give them a chance to fix it.

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Considering that Steve's speech doesn't really say anything original, we might as well have disallowed linking to it the first time, if old is bad.

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"MI Referral Scheme", multilevel marketing scheme, recently bankrupt founder and a blog hosted on wordpress.com. What else do you want to know? http://millionimpossible.com/coming-soon.asp?page=Success%20... Who wants to be a 399pound guinea pig?

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I got (similar to) this as a first impression too (didn't catch the recently bankrupt founder, so thanks for that), but I just thought it was worth putting to the community. I'm still wet behind the ears as an "entrepreneur" and thought there might be someone here who knew of this and/or had some personal experience with them.

One thing that confuses me: when does multilevel marketing become something to avoid? For instance, we recently had contact with whitedotbox.com who have partnered with Yahoo! to offer a pay-per-click search box that can drive revenue for charity and third-sector organisations. This seems all well and good, but it's highly tiered and has affiliate/referal incentives built in. What is the line between a "pyramid scheme" (so to speak) to be avoided, and a method to build in growth?

Might just be being very naive so feel free to kick me into gear ;)

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There's nothing wrong with getting a referral fee for signing up people. It's when most of your income comes from signing up new people instead of the product you're supposed to be selling that it becomes fishy.

I don't get whitedotbox. Why would someone give up 50% of potential revenue when they can use adsense for search and keep 100% of the payout.

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"Why would someone give up 50% of potential revenue when they can use adsense for search and keep 100% of the payout."

Is it just some type of "modular business tactic"?

So instead of being an entrepreneur for years and building up links based on hard won personal experience, one would prefer to plug into a ready made solution? Just as one might prefer the ready made whitedotbox affiliate scheme to learning the innards of the adsense system?

I wonder if it is simply profiteering on the lack of skills/knowledge outside of "industry hubs". For instance I am based in an isolated rural community. What business networks exist are difficult to break into and often don't have the vision/drive/momentum that comes as standard for more metro/cosmopolitan communities. (although this seems like a gross over-generalisation, and my networking skills might just be a lot worse than I like to think!)

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You'll need at least 25k in order to be a day trader in stocks. You can get around that by trading futures. http://www.finra.org/Investors/SmartInvesting/AdvancedInvest...

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Read the New Yorker piece http://www.newyorker.com/online/blogs/newsdesk/2009/10/insid...

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I know people who have used paypal for annual subscriptions with no problem. However, monthly is the most popular option followed by a three month for a small discount.

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Come to NYC and I'll buy you beers while you interview me about my startup.

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I'm definitely going to apply in the open version especially as I'm looking for a partner/first employee.

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I love people who fearlessly operate like this:

"After the Ekofisk find, he had to train new recruits. “I, of course, accepted that I am teaching people so that they can make my existence unnecessary … What choice did I have? I had only one hope, and that is that through my contribution, I would become indispensable, which I did.”"

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