TimPC

15 ms·

421.
by TimPC 4y ago
We’ve done a lot to regulate banking and when we catch banks engaging in problematic behaviours there are hefty fines attached. We’ve seen huge numbers of crypto schemes without any real consequences to those involved or those knowingly pro
422.
by TimPC 4y ago
So we reinvent a VISA-like entity that charges VISA-like fees to replace VISA. This seems like a very impressive and extremely novel innovation.
423.
by TimPC 4y ago
Government has a right to regulate in order to deal with negative externalities and the negative externalities from Bitcoin and other crypto are extremely large. Most of crypto has been various type of financial schemes and regulators shoul
424.
by TimPC 4y ago
Because it’s extremely consistent he’s arguing the system in question is fatally flawed and that he opposes it entirely. He doesn’t need to be advocating for some back door in crypto when “don’t use crypto” is a better simpler explanation o
425.
by TimPC 4y ago
This world would suck for the same reason I don’t use debit to pay for things from untrusted merchants. Credit cards provide an incredible security layer in transaction reversibility that allows you to transact with unknown merchants. Inter
426.
by TimPC 4y ago
It’s only your weird interpretation of what he’s saying that undermines this though. He’s saying systems where you could lose your life savings to a forgotten password are unsafe. This is clearly true. He hasn’t proposed a specific solution
427.
by TimPC 4y ago
I’d recommend against opening salary negotiations before they settle on you. If they have two at this point relatively equal candidates your negotiating power is far lower.
428.
by TimPC 4y ago
The difference between $300k/head revenue companies and $2M/head revenue companies is far larger than amount of toil and efficiency measures/overhead. Most notably, there tends to be a fundamental difference in who they hire,
429.
by TimPC 4y ago
But what if the footer contains the entire site navigation UI. Then surely I can do this..,,
430.
by TimPC 4y ago
Start-ups who don’t solve these issues will see more knowledgeable potential employees walk away. The fact is start-ups pay a fair bit below the market wage and people have every right to know what sort of equity you’re getting in exchange
431.
by TimPC 4y ago
I think we need to consider the level of competition when we consider fair. At a minimum in elementary and middle school we should let people play sports with their friends according to their preferred identity. I can see being more cautiou
432.
by TimPC 4y ago
I think the whole taxes are just thing is kind of a sticking point. Just saying. The article doesn’t really address the moral basis for taxation at all.
433.
by TimPC 4y ago
If you have a unique item your supply curve is flat at 1 supply and steps down to 0 at a price at which you refuse to sell. It’s still a supply curve and there is still a corresponding demand curve that determines the price you can sell at.
434.
by TimPC 4y ago
And some pieces will take infinite time to rent out if the price is set too high. The point is the land was just as unique before and after the tax. If you believe in supply and demand curves at all, this example is straight forward. Land h
435.
by TimPC 4y ago
Progress and Poverty is the most interesting original source but the first few chapters are an outdated theory of capital. I’d recommend one of the modern abridged editions that skips this.
436.
by TimPC 4y ago
You can draw the supply and demand curves to see what happens when you add the tax. The supply curve is a straight vertical line since land is in fixed supply. When you tax someone $2000 for land, their demand for the same land falls by $20
437.
by TimPC 4y ago
Georgists have studied the mechanism by which land captures the value of labour quite extensively and many of them even predicted this trend. The solution to land capturing excess amounts of labour is to reduce total labour capture by taxi
438.
by TimPC 4y ago
If we want more of this we need to get housing under control. If you can pay a mortgage from 25-40 and finish paying a house then lots more people will be willing to take pay cuts for better jobs at 40. With high homeownership rates among d
439.
by TimPC 4y ago
> You don’t get to just declare bankruptcy on a whim because the outcome is favourable to you. I’ve addressed this in the above by mentioning when you do it. You have assets < debt and no job therefore no income. No court is going to
440.
by TimPC 4y ago
If you measure the capital returns of housing as buying a property and letting it sit empty it doesn't beat the market. But renting a property returns roughly 6% of capital in most markets, and Canada-wide housing prices have gone up
441.
by TimPC 4y ago
Some people have far more than $100k in debt, so the tradeoff might be far more attractive. If you're finishing undergrad at 22, your bankruptcy won't harm you for buying a house at 29-30 which is kind of when you want to buy a ho
442.
by TimPC 4y ago
This doesn't work though because even the attractive degrees can declare bankruptcy based on having greater liabilities than assets immediately after finishing their degree. Allowing students to default on student loan debt without re
443.
by TimPC 4y ago
A smaller fraction of government loans have very high interest rates for starters, so loans became cheaper money when they came directly from government rather than were insured by government.
444.
by TimPC 4y ago
In a world of zoning and NIMBYs I very much doubt the market adjusts in any way that resembles an efficient market. At most the portion of the rent I get from my capital is the difference between deploying the capital in the market and the
445.
by TimPC 4y ago
Depends where you're talking about in Canada from 2001 to present day the average return of housing has beat the stock market. There is also a question of what amounts you're investing. Paying down a mortgage is sort of like hav
446.
by TimPC 4y ago
You'd have to be in a pretty crappy situation to not have your income go up over a 25-year mortgage.
447.
by TimPC 4y ago
I think a sizeable percentage of pro-lifers have not heard a coherent argument for Evictionism and have never worked their way through the violinist example. I’m not saying it will change their deeply held ideological beliefs but I highly d
448.
by TimPC 4y ago
No it’s not. There are two major schools of ethics, deontology and utilitarianism. The later is about maximizing happiness and doesn’t believe that people have unalienable rights. So we can’t agree on the concept of rights at all never mind
449.
by TimPC 4y ago
There are problems of baseload power that neither solar nor wind reliably solve though. Barring the introduction of a complex system of storage to the electrical grid you don’t just need a certain amount of total power generation you need t
450.
by TimPC 4y ago
The analogy doesn’t work because the edges in chess are huge and the edges in poker are tiny. Many of the best situations in poker are 80-20 advantages. How good of a chess player do you have to be to have a 20% chance against Magnus?

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