Hi, this is Wayne again with a topic “Louis Rossmann fought for THIS!?”.
We’Re gon na have to talk about some more topics here. Should we should we do the LTX weekly updates really quick? No, I think we got to do New York passes right to repair bill after neutering it rossman’s, and rightly so. The digital, Fair Repair act has become the first right to repair a bill in the U.S that has been signed into law by New York State Governor Kathy hochul. I don’t know if you pronounced that this is after this is months after bipartisan majorities passed it through the state legislature. Uh note: President Biden did Issue an executive order last year which directs federal agencies to issue right to repair rules, but this is the first right to repair Bill to actually be signed into law.
The bill requires Electronics, oems to provide manuals, diagrams diagnostic tools and parts to product owners and repair shops huh. But while many right to repair Advocates, including iFixit, CEO Kyle Wiens, have celebrated the fact that the bill passed at all others are criticizing. The heavy modifications that were made to the bill thanks to lobbying efforts by trade groups like TechNet, whose members include Apple, sorry, that’s the wrong finger. Apple Amazon, Google, meta, snap, HP, GM Toyota, it’s basically everybody certain products and industries are Exempted for one thing, including home appliances.
Why yeah Motor Vehicles? Why definitely shouldn’t be that either medical devices you? Why, honestly, why off-road equipment? That’S yeah? Well, I mean John Deere’s got to protect their margin. Somehow right. There was definitely lobbying there and business to business or business to government products not sold by retailers, so basically any direct sales to a large volume buyer. It also added that oems may provide Assemblies of Parts rather than individual components, when the risk of improper installation heightens the risk of injury.
So I guess we just need to buy an entire 800 laptop motherboard instead of a 20 cooler, because those fins could be really sharp. I guess I mean I was outraged when I found out remember the iMac Pro debacle. I was outraged when I found out that you couldn’t just get a motherboard. Oh no, a motherboard includes a CPU and RAM what, because I’m too incompetent to plug in a CPU and RAM.
I mean never mind that we did break it in the first place, but I was willing to pay for a new one. If I broke it, the law will also only apply to new products sold for the first time in New York on or after July, 1st 2023.. So, basically it has. No fangs doesn’t apply to most of the most important segments and there’s ways that they can work around it and basically not change anything.
So it’s a bunch of fluff. I do still think that attitudes are shifting the fact that Apple introduced their home repair program at all. The fact that Microsoft started discussing right to repair at all. Does it dealt with the super cool Dell with Project Luna? The fact that that’s happening at all is good, yes and it’s progress, but this setback shows that we have to keep the pressure on and that lobbying is effective and that lobbying is also effective.
It sure is it’s super gross and that that should be bipartisan, because it’s gross in every direction. Now someone was asking why only in New York, because in America it’s basically 52 small countries. As far as I can tell – and this is just based on my experience – dealing with tax law in the U.S yeah – it’s a little it’s a little confusing. It is, as far as I know, it’s confusing to insiders too, though it is wild, how different the experience of being an American can be like three meters away.
That way, that’s about nine feet. I know of American companies that think that American tax law is so confusing major companies that you have used. I pretty much guarantee it that find tax law in America to be so confusing that their official stance when their company was coming up, was to completely ignore all of it and when different sections of the states, because there’s like a billion of them because it goes Down to like counties and stuff individually yeah, we can would get mad at them for not paying their taxes properly. They would just ask them how to do it and then do it moving forward and then never update it until that area got mad about it, because they’re doing it wrong now and then would send them a new letter because they decided that it would cost them Less money to deal with the fines than it would working with a company who kept track of all of it and then took money for doing that. Our Chief Financial Officer doesn’t have the um, I don’t know, I don’t know what to call it. The the the stress tolerance to take a a build, a war chest and just pay fines kind of approach to that stuff. We actually do try to do things properly and proactively um, but that that is a, but it’s really hard. That is a legitimate approach that has been used by multi-billion Dollar companies on a regular basis.
Linus, why don’t you guys have a shipping DC in the states? Why don’t you have a ship? Oh, I have a shipping DC in Europe. Why don’t you do this? Why don’t you do that, because to do it properly is really really hard. Taxes are hyper code really hard. Our accounting department is someone five people now, someone in flow plane chat, said: there’s six thousand tax jurisdictions that they need to keep track of yeah and the documentation, for it is atrocious, like consider. Oh okay, here some counties in the U.S still send out physical mail to local stores, to tell them when taxes update. Well, I’m clearly not going to get that mailer like what yeah.
Well, I was gon na say, consider how like broken the processes are for something as simple as you know, getting your ID or even like a library card in many municipalities. Well, it’s not like it’s. It’S not like they put their a team on the the tax documentation there just isn’t today team.
They can just find you, so why would they care yeah because they ultimately don’t care? That’S the man. That’S really frustrating the fact that they can just kick it back to you and say: well, it’s your fault for not understanding it. Here’S your bill! It’S like outrageous um! California, is one that I particularly take issue with their approach. California seems to think that, as a foreign National, I am somehow obligated to pay them income tax – that’s that’s a new one and so um as a foreign National um running a foreign Incorporated entity um. They seem to think that if some proportion of our income comes from california-based entities that they are entitled to income tax from you personally from my company, okay um, I mean it’s still messed up, to which I would say, um under what Authority like what are you Gon na do Canada’s not you’re, not Canada’s, not going to extradite me to California yeah, but you travel there.
Sometimes I could just not. I stopped traveling to China. I don’t go to China anymore after they abducted the Michaels, I’m just like I’m sorry. What are you kidding me? I love how casually it’s just like remember when they abducted the Michael’s limit.
I know I know exactly what you’re talking about they did I just yeah. They were like hey that completely Justified apprehension of a Huawei executive um. We didn’t like it because we’re an authoritarian state so we’re just going to casually abduct some Canadians and not give them back until you just say: yeah.
It’S all cool laws don’t apply to Chinese Nationals. So what yeah yep that do be a thing yep they’re back now, which is good but like I’m, just not going to go there anymore. That’S what happens! China! You don’t get Linus anymore! That’S right! I I even still have a valid Visa.
I can go there for like another four years. I mean based on that I’ve said this now and mentioned Winnie the Pooh totally out of context yeah, I probably shouldn’t yeah. We go there together.
Instead of the Michaels, it becomes the people whose name start with L. They just take both of us, the lionesses, it’s a big L right there and a small L. We got them both.
Oh my goodness, yeah, okay uh. We did that one, I’m gon na. Do the LTX update really quick just because I I’m certain we’re gon na forget hold on? I want to make something really clear: okay, um to our to our Chinese viewers and the people living in China in general.
Fair enough. Obviously, I hope this is obvious. I bear you, no ill will whatsoever not at all, but the CCP can go and that is not, and and to be clear that is not exclusive to the CCP um.
I don’t. I think it would be hard for me to think of uh uh. I don’t think I can off the top of my head, think of a world government or a world governing body that, frankly, shouldn’t just go for itself.
Um, there’s probably some somewhere. I don’t know, I don’t know. I remember for a while there uh this is.
This was quite a while ago and I didn’t look into it deep enough and someone’s probably going to point out some crazy human rights violation that I didn’t know about, and I’m going to look like a bad person. But quite a while ago, I used to think the government of Estonia was pretty cool. That’S going to sound, really random. The reason. Why was they they digitized a bunch of their governance right and got rid of a massive amount of cost which, When government has cost it means you have payment, cost yeah, so they got rid of a ton of cost by digitizing a bunch of it um, and They automated like huge amounts of their governance, and then they started exporting these governance tools as an export of the country, so they started making money from it and I’m like this is cool. I don’t know what happened with that.
That was a long time ago. I know basically nothing about the country. I just thought that one specific thing was cool, I’m not dying on this sword. That’S what I’m saying, I’m not interested in that .