bcheung

71 ms·

661.
by bcheung 11y ago
What do you consider rights to locations? The scenario being described requires people who want to use the land to purchase rights to the land. They can use the land but they don't own the land -- it's more like renting. Any impr
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by bcheung 11y ago
As a Libertarian who believes in the Singularity and that the workplace will be displaced by AI I think basic income and the Geolibertarian, Agrarian Justice, Georgism style basic income is the only one that will work and that doesn't
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by bcheung 11y ago
That won't happen, the government is the one preventing it because of the patent restrictions. If the patents were limited then companies would spring up instantly to manufacture it cheaply.
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by bcheung 11y ago
A model that is more direct from business to customer sounds like it would eliminate costs. Too many people trying to put themselves in the middle and make a cut.
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by bcheung 11y ago
:D I skimmed through a little bit of that book and that is one of the ones I remember seeing that was very interesting. I should finish reading through it.
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by bcheung 11y ago
It's subjective to the individual. It may be wrong to you but to them you're the one that is the fool for not enjoying life to its fullest. Some people are motivated by taking trips, others by the big house. Personally I don&#x2
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by bcheung 11y ago
It also reduces risk in the form of default, higher fees from late payments, increased interest rates from missed payments, and provides a buffer for unexpected expenses down the road. Finance is very situational and when people talk about
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by bcheung 11y ago
There's another advantage for paying with credit cards that you didn't mention. It builds credit and increases your credit score. When your credit score is higher you pay less in interest on loans. That means credit cards actuall
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by bcheung 11y ago
There's an important factor that is ignored by the article and it is a fundamental principle in finance. That principle is risk. Any time anyone asks a question in finance the correct answer is always, "It depends". Absolute
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by bcheung 11y ago
This could be dangerous depending on what the telemarketer is saying. TM: Would you to know more? Bot: Yes. TM: Do we have your permissions to record this conversation. Bot: Uh huh. TM: Do you agree to the charge of $123.45? Bot: Yes, sound
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by bcheung 11y ago
Will it cause inflation, probably. But they don't have to live in the most expensive areas. They can move to a cheaper area. There will be places above and below the inflation curve. Housing is the largest expense so other things w
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by bcheung 11y ago
Thomas Paine wrote an excellent essay on this concept back in the day. It is worth reading: https://www.ssa.gov/history/paine4.html You might want to look into Georgism and Geolibertarianism as well. https:/&#x2
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by bcheung 11y ago
As technology improves it is going to raise the talent bar required to be employable. Eventually it won't make sense to hire 50% of the population. A solution will be needed. If housing, education, food, and energy were made super ch
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by bcheung 11y ago
But millennials also have access to a virtually unlimited amount of education for free right in their pocket because of the Internet. Older generations didn't have that advantage. College is but one route and only required in a few sel
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by bcheung 11y ago
It's not an either or. Debt is a bad amplifier if not used correctly. Racking up huge student loans to get a degree that is not in demand will lead to poverty. The same with excessive credit card debt. Leverage works both ways. Cert
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by bcheung 11y ago
The article makes many points but I agree with what you say as well. Hopefully with the SEC relaxing the crowdfunding rules funding will become more spread out.
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by bcheung 11y ago
Under the apprenticeship model an apprentice agrees to work under a master/company for free (and then maybe for low wage as he becomes more skilled). Traditionally, it was a 7 year contract. Taxes are not necessary under that model.
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by bcheung 11y ago
That would make more sense. That's probably what he meant.
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by bcheung 11y ago
That would make more sense. Yes, that is definitely a problem. I think he is ignoring / discounting leverage as a component to wealth creation though. Even in a world where it is impossible to make wealth without providing value, ineq
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by bcheung 11y ago
I don't mean democratized in the sense of it being equally distributed, I mean more available for those who can make proper use of it -- not restricted to the elite class. Technology, education, and capital have been increasingly democ
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by bcheung 11y ago
"I agree with him that technology can make us all richer, but I disagree that it necessarily creates greater inequality, even if some startup founders become very rich. It only does that if companies don’t create real value in return f
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by bcheung 11y ago
The apprenticeship system is something I have long advocated and think it is a much better system than today's college system. Your experience is actually in the field instead of being more academic. Why pay huge amounts of money and
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by bcheung 11y ago
I've actually been studying computer vision on the side. The highest formal math education I had was Integral Calculus. I'm not going to be hired doing that any time soon but it is fun to play around with none the less.
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by bcheung 11y ago
It's true that programming and engineering tend to pay more. But it is also true that those fields don't require a degree to work in them. You can get paid very well as a programmer even without a college degree. Also, with prog
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by bcheung 11y ago
If you guys find this video interesting you might want to check out the MMORPG called "A Tale in the Desert". It involves building up the entire world from small primitives.
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by bcheung 11y ago
He did it as a challenge though and didn't use any modern tools. With modern tools and knowledge it would be extremely quick, easy, and cheap. I built a 2 story building with 4 rooms and even a cantilevered walkway for about $3500 and
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by bcheung 11y ago
You should see the metros. Gorgeous!
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by bcheung 11y ago
You don't like exceptions so your solution is creating an instance of a specialized class that holds my variable that has a method that acts like an "if" statement that I need to pass an anonymous function to that receives th
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by bcheung 11y ago
Take away someone's means to legally provide for themselves and only illegal means remain.
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by bcheung 11y ago
You're conflating the meaning of NULL in that case. That's not a problem of NULL, you're using NULL to represent multiple different things. You can use exceptions to handle that scenario. cache = {} getFromCache = (ke

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