bequanna

10 ms·

91.
by bequanna 2y ago
Piketty is not my favorite. I consider him a pure academic who tends to cherry pick data. In reality, wealth tends to cluster around people who are good stewards of it. They allocate capital efficiently and we are all better off. The govern
92.
by bequanna 2y ago
The estate tax doesn’t mean too much. “Generational wealth” is generally a myth. The second and third generations burn through any inheritance and sprint back to middle class rather quickly.
93.
by bequanna 2y ago
In the long run, sure. But as the saying goes: in the long run we’re all dead.
94.
by bequanna 2y ago
I’d like to see a solid, peer reviewed study that states: in a normal, competitive market, business cost increases are not correlated with consumer price increases.
95.
by bequanna 2y ago
I’m curious, what are the arguments against making price discrimination illegal? It seems like something the public will push for if companies overplay their hands and start doing this too aggressively.
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by bequanna 2y ago
I’d argue that home equity doesn’t really matter all that much. If you want to sell, you need to buy another home at inflated prices AND an higher interest rate. How are you better off? Inflated 401ks are a cherry on top for the Boomer vamp
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by bequanna 2y ago
And that would be what, 20% of the population? Less? If you’re still dependent on a W2 income, you’re worse off.
98.
by bequanna 2y ago
Is this a serious question? The relentless increases in insurance, property taxes, food, clothing, etc have destroyed the purchasing power of all but the wealthiest Americans. Almost everyone is significantly worse off than they were only a
99.
by bequanna 2y ago
Stop subsidizing non-owner occupied demand.
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by bequanna 2y ago
> As for the liability, is should go without saying that there is usually laws that release you from any liability for people hurting themselves while roaming on your property This isn't true. A person can break into your home, fall
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by bequanna 2y ago
This is not accurate. Compare the average Soviet family to the average US family in the 60s-80s. The standard of living is not even close. Also, when did Europeans have a higher quality of life vs US postwar? Socialism creates general malai
102.
by bequanna 2y ago
That acquisition is pretty light on proof: > No astronauts or fellow trainees have verified Dwight's account of Yeager's treatment I don’t think you would have trouble finding people that could say Yeager was disagreeable and d
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by bequanna 2y ago
An entire generation of young people in the West is being force fed climate doomerism from primary school through university. They are telling these kids that the world will literally end if we don’t stop emitting carbon in a few years. May
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by bequanna 2y ago
That's not snark. Government permitting is now a huge percentage of the cost of building a house in many US metros. CA is maybe the worst offender. It's not just NIMBY. State and local governments have gotten exceedingly greedy ov
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by bequanna 2y ago
So, following your line of reasoning: buying jewelry, flowers, going to a movie or a restaurant is all bullshit and inauthentic because you didn’t have it as an original idea? I guess I understand your desire to be creative and original in
106.
by bequanna 2y ago
Uh huh. Try having a couple kids and then apply this kind of reasoning. There simply isn’t enough time or energy to do everything you want for your family. If you can leverage technology and good ideas to enhance your experiences and relati
107.
by bequanna 2y ago
What kind of market share does IBM cloud have? Seems like they are more than a decade late to the game. I work with F500 clients on data projects and have never, ever heard anyone mention “IBM Cloud” as an option.
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by bequanna 2y ago
I agree with you--feedlots are disgusting and cruel. However, cattle do not spend their "entire lives" at a feedlot. Usually only the last few months (or less) before slaughter. Prior to that, that majority of cattle live in very
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How TikTok Is Wiring Gen Z's Money Brain(wsj.com)
2 points by bequanna 2y ago|0 comments
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by bequanna 2y ago
Not necessarily true. Higher T levels are associated with more risk taking and aggression, sure, but also less neurotic and irritable behavior.
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by bequanna 2y ago
Because the banks are in on the scam. They have to be or they would be forced to report huge losses from marking down loans. Can’t have that screwing up the exec bonuses. Best to let the next guy deal with it, or heck, maybe they will get l
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by bequanna 2y ago
Check out Minneapolis vs St Paul building permits before and after St Paul imposed rent control. Same geographic area with roughly the same demographics. All else equal, rent control discourages investment in housing. If the government want
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by bequanna 2y ago
Sure, but even if you hire a property management company, multifamily ownership is not really passive like owning SPY. There is the potential for lots of sleepless nights and stress. Also, you may need to contribute capital unexpectedly if
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by bequanna 2y ago
Not even close to that in the current market. Cap rates are around 4-6%. Only people buying right now are parking money hoping for appreciation, not cash flow.
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by bequanna 2y ago
I’d argue that the US puts far too much weight on “social success”. Our culture will consider someone who is not some extreme extrovert or constantly seeking attention a social failure. The older you get, the more important family becomes a
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by bequanna 2y ago
I didn’t say it was low cost or free for everyone, only low income people. I’m sure you can dig up some exceptions where someone was denied coverage for some reason or bureaucratic screw up, but my above statement is broadly true. Also, I w
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by bequanna 2y ago
> this is the same dumb deserving argument for uninsured, they are still getting treated in ER usually repeatedly when it would be cheaper to cover them This is a myth. Insurance is low-cost or usually free for all low income people in t
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by bequanna 2y ago
If the FTC is this impotent and toothless, why do they even exist?
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by bequanna 2y ago
28 cases resulted in payments in 2022. This is a joke. You may as well round that down to zero.
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by bequanna 2y ago
Cool, so to summarize the fine: - The size is so small it is essentially meaningless to the company. - Customers who were tricked receive nothing. - The FTC has more play money to continue bureaucratic empire building and create more do-not

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