dunpeal

10 ms·

31.
by dunpeal 8y ago
> There is plenty of evidence where raising taxes appears to produce economic growth Please cite such evidence. > Raising the minimum wage also redistributes money to low wage earners, who tend to spend their all money, as opposed
32.
by dunpeal 8y ago
You can't just claim one absolute number as the comp for all "senior engineers". There's a huge amount of variance, within FAANG and elsewhere. As a simple example, SDE III at Amazon typically pays a bit more than $300k.
33.
by dunpeal 8y ago
Except much of it is spent hiring more bureaucrats whose function is often to hinder economic activity and growth by numerous rules and regulations. These very same people would be contributing to growth if they worked in the private sector
34.
by dunpeal 8y ago
You are assuming any of that money will end up with the "poor and needy", instead of hiring more bureaucrats whose function is often to hinder economic activity and growth by numerous rules and regulations.
35.
by dunpeal 8y ago
Why would anyone expect higher taxes to increase growth? > Under President Moon Jae-in, South Korea has raised taxes and the minimum wage in the name of economic growth. So far, it hasn’t worked out as planned. That's not how that
36.
by dunpeal 8y ago
> Not necessarily, as talents at that level which are valued in top tech may be different than talents at that level that are valued at growing startups. I worked at both. Talent overlap is quite high, far higher than is commonly assumed
37.
by dunpeal 8y ago
Zenefits is an example of a surefire unicorn that made too many mistakes and lost most of its value very quickly. The key points are: 1. Startup valuations are highly volatile. There were plenty of startups that were valued above the billio
38.
by dunpeal 8y ago
FAANG and other large, profitable companies like Microsoft will pay you that.
39.
by dunpeal 8y ago
It's not true for almost anyone. Conversely, if you can get hired to a unicorn in a position that's senior enough to have any hope of coming anywhere near top tech pay, then you are likely talented enough to work at top tech inste
40.
by dunpeal 8y ago
Precisely. A senior engineer can certainly hope to make $400k or more per year for good performance. Not just in FAANG either - plenty of other profitable businesses are competing for the same grade of talent and thus pay in the same range.
41.
by dunpeal 8y ago
I don't see how this "incumbency advantage" would help Intel, exactly. The server market is highly competitive. If AMD puts out superior product at an attractive price, nobody is going to say "but we've used Intel f
42.
by dunpeal 8y ago
> It is largely because of the previous Soviet invasion that Ukrainians would today fight to the last to prevent a future Russian invasion. Read some history of the cold war. USSR was happy to invade and subdue its weak neighbors in th
43.
by dunpeal 8y ago
> Sanctions are certainly not what have kept Russia from invading Ukraine: Ukrainians with guns and tanks have done that. The Russians have a ton more guns and tanks. Like it or not, Russians don't invade Ukraine because of reperc
44.
by dunpeal 8y ago
Sanctions are often an attempt to curb aggression and prevent war. Take the sanctions against Russia or Iran. Sure, we can be against those sanctions. Then Russia will invade the rest of Ukraine, killing many thousands. It's the easies
45.
by dunpeal 8y ago
During a war there's typically a lot more casualties. Lip-service is irrelevant.
46.
by dunpeal 8y ago
Yes, though it can be a matter of phrasing. Technically, no American killed any of these kids.
47.
by dunpeal 8y ago
> Upthread you needed "a source" for the obvious fact that hospitals are part of a national economy. No, I asked for a source for the claim that the US blocked essential medical supplies as part of the embargo. > "Th
48.
by dunpeal 8y ago
I skimmed some of these links. The main argument appears to be that the sanctions created economic hardship, and that in turns caused suffering and death. That's a natural result of any sanctions. You may decide to oppose any sanctions
49.
by dunpeal 8y ago
Reliable source for that claim? I'll be very surprised if the sanctions blocked hospitals from purchasing medical supplies. If anything, I'd suspect the problem was poverty.
50.
by dunpeal 8y ago
Crazy valuations for startups like WeWork remind me of the Dot Com bubble, when companies put up a shiny new "high tech" facade in front of entirely traditional business models, then expected to be valued at a large multiple of a
51.
by dunpeal 8y ago
Right, but if all I do is accept obvious reality as it is, I'll be just like everyone else! How will others know I'm intellectually superior to them, unless I express some edgy contrarian view?!
52.
by dunpeal 8y ago
> This sucks. His ability to get work will be greatly diminished because he thought he could game some poorly structured Amazon system. Poor him. All he did was abuse the trust that was placed in him by his employer. And now it will be
53.
by dunpeal 8y ago
> Consumers suffer... how? Looked at bank fees recently? Why should it cost $50 to change some values in a database?
54.
by dunpeal 8y ago
They got negative attention. Would you trust a company with your life savings, after they didn't bother making a phone call to SIPC to ensure something as basic as the insurance status on your accounts? The timing was also terrible, ri
55.
by dunpeal 8y ago
Because running a bank isn't easy, especially in post-2008 USA. For example, you have to maintain a fraction of your total deposits in a cash account. That means that if RH becomes a wild success story, they may have to keep millions o
56.
by dunpeal 8y ago
I'm sure it would be their top priority to tell everyone that the bug was exploited.
57.
by dunpeal 8y ago
Right. It would be strange if RobinHood didn't encourage active single-stock trading, since that's how they made their money. If all RobinHood users followed sound "buy diversified ETF and hold" investing advice, my unde
58.
by dunpeal 8y ago
> You also incur some inflation risk. Every dollar-denominated investment incurs inflation risk, including any sort of cash account like a dollar saving/checking account. > If you're investing in the treasuries via an ETF or
59.
by dunpeal 8y ago
> Most large banks have thousands of employees Hundreds of thousands, actually. Wells Fargo had 262,700 employees in 2017. Bank of America, Chase, Citi - all had over 200,000 employees that same year. These numbers have only gone up sinc
60.
by dunpeal 8y ago
> literally every single bank would already be doing it. Your typical bank has far more than RobinHood's 300 employees, and far greater expenses in general. This is an example of a disruption.

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