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A business model for patrick.net


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2022 Jun 26, 11:23am   3,187 views  55 comments

by Patrick   ➕follow (56)   💰tip   ignore  

After seeing the rise and apparent viability of Substack, I think maybe patrick.net could compete in that space.

So patrick.net users could make some of their posts require payment in one way or another, either by subscription, or for a small per-article fee. It would just be an option if people want to try to make money.

A big benefit is that it would give the for-profit users a motive to spread the word about their "blog" here. And you all could perhaps make some money.

Some problems:

- payments can easily get cut off by the forces of censorship, though Substack apparently deals with that OK
- Substack has a lot of famous people on it. How did they do that? Substack looks more professional, so maybe that's one reason.
- Substack tends to charge way too much. I'm not about to pay $5/month for the 20 Substacks I read. So maybe there should be a $5/month subscription to patrick.net in general, and users could then use up that $5 a quarter at a time or so by "buying" individual posts which look worth reading.

Feedback appreciated. What would make it work?

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47   Patrick   2022 Aug 1, 2:49pm  

Thanks, I'll write them all.
48   richwicks   2022 Aug 1, 3:09pm  

Patrick says

Thanks, I'll write them all.


Here's kind of what I'm suggesting.

Remember when the IMDB didn't suck, and they had reviews, and commentary and discussion about the film? It used to be really useful back then. People that had similar tastes that I did were easy to find, so I could find more esoteric films they had seen, and they could do that for me.

Why limit this to films?

I think the biggest problem today is there's LOTS of great information out there, but most people don't even know where to look.

You can make a portal for discussion on who is correct. When Rachael Maddow is full of shit, and you tell her viewers that, they only think "Well, I'm not going to watch Fox News!". There are plenty of people who try to be consistently correct and aren't purposeful liars.
49   Patrick   2022 Aug 1, 3:23pm  

OK, but how to get the word out there? I suppose if some people with great content allow me to repost it here, charging users a small fee like a dime to view, that might motivate them to tell others where to find it.

But would you pay even a dime for any article? I would if I know I like the author.

And then, would anyone mail in cash to patrick.net to have money to pay for such articles? I'm not sure about that, but I know that I myself would prefer to mail in cash a wait a few days than to give my credit card to any news site which might make me fight to cancel a recurring subscription.
50   FortwayeAsFuckJoeBiden   2022 Aug 1, 7:30pm  

rin will make a lot of money selling investing advice or his memoirs about wild women he met.
51   Patrick   2022 Aug 1, 7:32pm  

@rin

I'd be honored if you'd write the first for-pay post.

Maybe no one will pay, but we've got to start somewhere.
52   WookieMan   2022 Aug 1, 7:34pm  

FortwayeAsFuckJoeBiden says

no, taxable is what you keep after expenses. make sure to keep track of expenses so when audited, you don’t get fucked

Almost no one gets audited. You might get a letter to clarify something. You simply cannot track the finances of 300+ million people and probably 100+ million corps and other business entities. You'd need 5-10M employees for starters at the IRS. They don't have that. Revenue and money transfer would need to hit 7 figures for them to care outside of a algorithm to catch something that looks off.

If you're by the books I wouldn't worry about audits. They're not common. I've done my own taxes since I was 21. Owned investment property. If you get audited, get a new accountant, or study up more yourself on the laws/taxes. They're not random. Something is likely massively fucked up if you get audited. My former employer didn't pay full taxes, hired illegals and never a peep from the IRS. I could put him in jail in 6 months, but I'm not a dick. I moved on, water under the bridge. Audits are the least of your worries, especially in the digital space. Just track the inflow and outflow. Not that complicated.
53   Patrick   2022 Aug 1, 8:08pm  

WookieMan says

You simply cannot track the finances of 300+ million people and probably 100+ million corps and other business entities. You'd need 5-10M employees for starters at the IRS.


This is another argument for Georgism. If there were no income tax or sales tax, but only a tax on land values, it would be pretty damn easy to track and collect. And the tax would all be public record because property taxes are public record.
54   FortwayeAsFuckJoeBiden   2022 Aug 1, 8:14pm  

Patrick says

WookieMan says


You simply cannot track the finances of 300+ million people and probably 100+ million corps and other business entities. You'd need 5-10M employees for starters at the IRS.


This is another argument for Georgism. If there were no income tax or sales tax, but only a tax on land values, it would be pretty damn easy to track and collect. And the tax would all be public record because property taxes are public record.


they mostly flag for audits discrepancies reported by investment firms.
55   WookieMan   2022 Aug 2, 5:12am  

Patrick says

WookieMan says


You simply cannot track the finances of 300+ million people and probably 100+ million corps and other business entities. You'd need 5-10M employees for starters at the IRS.


This is another argument for Georgism. If there were no income tax or sales tax, but only a tax on land values, it would be pretty damn easy to track and collect. And the tax would all be public record because property taxes are public record.

Humans over complicate things. This will never end. It's the super rich and politicians that have the ability to utilize the loopholes. And yes we all can as well, but on say $100k it doesn't move the needle. We're talking $100M to 1B plus type stuff. Insider trading.

We all have best friends. My $100B company is going to do bad. The projections look like shit. You don't think I'm going to tell my buddy? Hell yes, so he shorts it. Same with a good quarter. You then kick it back through bogus contract and shit like that. This happens all the time.

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