Jackson12

6 ms·

1.
by Jackson12 4y ago
Crow Tech Slaps
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by Jackson12 5y ago
SATs are the least unfair metric we have for university admissions. And eliminating them will almost inevitably make the system less fair. With that said, I'm not sure righteous (if justified) anger is going to fix this. There's a
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by Jackson12 5y ago
I work in Manhattan and commute to my office every day by subway. The story exaggerates a bit. In general it is and feels pretty safe during the day and during normal commuting hours. And banks tend to be VERY risk averse when it comes to s
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by Jackson12 5y ago
You're right. That's a slightly misleading way to put it, and I have revised my original post. My point was that the "default" method of taxation is the same as ordinary income. Long term capital gains and qualified divi
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by Jackson12 5y ago
Capital gains default to being taxed at the same rate as income in this country (as they should be). There are exceptions for certain long term capital gains, and for qualified dividends. The rationale for this is that corporate profits are
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by Jackson12 5y ago
You never know. But this would make building or joining early stage companies in the US dramatically less attractive. Especially for people who have the option of living abroad. I think that would be incredibly bad.
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by Jackson12 5y ago
The problem (other than double taxation)is that people whose wealth is predominantly held in a diversified portfolio will be able to avoid this sort of tax much more easily than people who have more concentrated holdings. Someone who sells
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by Jackson12 5y ago
Honestly I don't know. A warehouse associate at Amazon makes ~25% more than a stocker at Walmart does (though Amazon is probably a somewhat harder job). To me, knowing very little about the specifics of labor organizing, Walmart seems
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by Jackson12 5y ago
The UAW failed to unionize Volkswagen's Chattanooga plant despite neutrality on the part of the company. Unionization drives in the South routinely fail by 2:1 margins. As happened here. Implicitly blaming "dirty tricks" for
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by Jackson12 6y ago
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3444897 As far as I know Ed Thorp also made a lot of money after B-S was published. So it doesn't necessarily follow that B-S made the market more efficient. Als
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by Jackson12 6y ago
I don't think this is right at all. I would be surprised if Alfred Winslow Jones or Warren Buffet (who were some of the earliest "hedge fund" managers) were significantly influenced by Bachelier's ideas. Buffet is famous
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by Jackson12 6y ago
Honestly this is a terrible look for Fintech. There's no conspiracy here. The legacy brokers who are way more tied to "Wall Street" have handled this a lot a better. These problems are being caused by incompetence at Robinhoo
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by Jackson12 6y ago
That's actually pretty much what happened. Ryan Cohen was able to do what he did (buy a lot of stock and get a board seat) because the stock price was low. But that arguably saved the company. Change of control isn't inherently ba
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by Jackson12 6y ago
It wouldn't exactly bail them out. It would in effect crystalize massive losses. And, were I asked to advise the GME board, I would tell them it's in the best interest long term of the company at this point (because it is). It wou
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by Jackson12 6y ago
Yes. AMC is reportedly contemplating selling stock, and it's certainly possibly GME could do something similar. Though they'd do it at the best price they can get.
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by Jackson12 6y ago
I'm not sure they are. But, if they are wrong, it would likely be because of a handful of things. *All the below are hypothetical scenarios, I have no specific reason to suspect any of them will or won't happen. This is not financ
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by Jackson12 6y ago
I actually can think of no case where a cop clearly shot someone in bad faith and wasn't ultimately charged. It's much more often the case that the cop has some plausible argument that they made a bad decision in good faith. Which
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by Jackson12 6y ago
If a cop willfully lies on a warrant they are generally civilly liable. I am by no means saying that no one in the criminal justice systems acts unethically. But if a judge signs a warrant for someone's arrest there is almost always go
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by Jackson12 6y ago
If a judge issued a warrant for her arrest there must be something there. So idk. Suppose it could still be selective enforcement.
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by Jackson12 6y ago
This is a really bad idea. I'm more sympathetic to Twitter. Even under the First Amendment there's no right to say things that aren't true. Which is more the issue than incitement. But this goes way too far: Companies with b
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by Jackson12 6y ago
That's like saying aerospace engineers don't deserve credit for building rockets because they don't physically build them. Doing what Musk does is a skill, and a pretty scare one at that.