fountainofage

9 ms·

31.
by fountainofage 6y ago
I think this is interesting in that I don't know many people who view LLC's protections this way. The classic example is that if your rental property is in an LLC, then your tenants can't win a suit and get to your own person
32.
by fountainofage 6y ago
What's interesting to me - I thought I was a pretty big fan of Top Gun, but now I'm not so sure. I did not pick up there is an argument about whether or not dog fighting still was needed. The only "argument" I recall was
33.
by fountainofage 6y ago
Those activities are also restricted and limited during COVID - either explicitly via state and local ordinances or via social pressures to not spread the virus. Basically, the optimal solution right now is to not go anywhere or see anyone
34.
by fountainofage 6y ago
> But cities have enduring appeal - proximity to people and culture and things to do I think this is key right here. For the foreseeable future, those things won't be any more available in an expensive city compared to an inexpensiv
35.
by fountainofage 6y ago
They hate car salesmen, yes. But oddly enough "Family Jones Chevrolet/Ford/Toyota/Nissan/etc." has been sponsoring the local little league team for 20 years, so they don't have to do much to convince the l
36.
by fountainofage 6y ago
It really is that car dealerships are very wealthy and have a lot of political clout. There were also early rulings that a manufacturer can't order a car dealership how to operate - the basics of the case were that American manufacture
37.
by fountainofage 6y ago
Who said anything about lounging around? One could read as many books as they like. Learn to play an assortment of musical instruments. Learn woodworking. Sailing. Write novels. Compose songs. Complete their magnum opuses. Master languages.
38.
by fountainofage 6y ago
From what I've experienced, the majority of the Bay Area is very liberal up until the point it actually costs them something - then it quickly becomes a conservative paradise. People will shout and scream and boycott to make sure you c
39.
by fountainofage 6y ago
There seems to be a mix. Which is part of the problem with the national debate / conversation. There are companies who found the absolute best in the world that they have to have. So they need that H1-B to get the job done and hire the
40.
by fountainofage 6y ago
I don't think any reputable person has claimed an attempt to stop everyone from catching this. The mantra is "flattening the curve." It's been that since the beginning. We don't want to overwhelm the healthcare syst
41.
by fountainofage 7y ago
This is the solution. Have the firms issue stock and the government purchase the stock. Obviously make it ultra-preferred with no one else getting preference before the government gets paid. If firms don't like that deal, they can eith
42.
by fountainofage 7y ago
Thank you! Posted at the same time as my edit! I forgot about the impact of reduced shares as well!
43.
by fountainofage 7y ago
Could you help me in understanding this? In my head if dividends are paid out, wouldn't this drive the stock price up the same as if a buyback happened? Or is this some sort of market inefficiency / irrationality where the market
44.
by fountainofage 7y ago
This is part of the thinking behind tarriffs - make that resiliency more competitive.
45.
by fountainofage 7y ago
The economic term is "deadweight loss" and the most ideal scenario (outside of not having it) is to have both the supply and demand side share the deadweight loss equally. However, if either curve is out of sync with the other, th
46.
by fountainofage 7y ago
First of all, no one said renters are paying less than property tax? But even if they were, it's still the same logic. That's just the law of supply and demand. Renters pay the market rate. If an owner can't afford to rent at
47.
by fountainofage 7y ago
I'm not really advocating one way or the other, just pointing out that property taxes are usually constructed such that the owner pays a flat rate based on an assessed value. There is no tiered increases in rates as the value goes up,
48.
by fountainofage 7y ago
Taxing anything at a flat rate without regard for a person's ability to pay is going to pretty much wind up as a regressive tax. Not saying this is good or bad, just that it is what it is.
49.
by fountainofage 7y ago
I'm against Prop 13 more than anyone I know, but property tax (at least the way it is normally set up) is a regressive form of taxation. It's a flat rate regardless of circumstances, which is pretty much the definition of a regres
50.
by fountainofage 7y ago
Renters pay market rate for rent. If the landlords can pass on 100% of the property tax, then the supply is way out of sync with the demand.
51.
by fountainofage 7y ago
Then perhaps the start up should just pay above market rate in salary and not offer any ISOs since those ISOs are so dang valuable but couldn't possibly be given the same liquidation preference?
52.
by fountainofage 7y ago
If you're trading more than $20 million a year in stocks, you are in the vast minority that everyone here acknowledges would need to adjust and file your taxes manually. 99.999% of the US population is not trading $20 million a year in
53.
by fountainofage 7y ago
I majored in one of the STEM fields that doesn't pay any money (chemistry), and now I do the computer stuff for a living and to make money. Given how I did the whole "do STEM and you'll never be wrong route" and it was w
54.
by fountainofage 7y ago
Or is the issue that school starts rewarding this kind of behavior, and it carries into adulthood?
55.
by fountainofage 7y ago
They do if the equivalently-skilled citizen won't do the job for less than that total cost.
56.
by fountainofage 7y ago
... well, it is, though, otherwise it wouldn't be possible. I think it's fairly obvious our tax system is designed to heavily reward those who have the means to pay experts to find the correct combination of steps to report revenu
57.
by fountainofage 7y ago
Just want to say - the prices I've seen for that hired help in California is more along the lines of $25 per hour to start. And that's just to watch the kid - additional housework will cost more. And that also doesn't includ
58.
by fountainofage 7y ago
Eh, I'd say I've met quite a lot of long-term residents of San Francisco. Pretty much no correlation between ownership and how worthless that person is to the community. I know renters with their 30-year lease that don't even
59.
by fountainofage 7y ago
Again, no need to evict people. The state will get its money someday. For shorter term expense needs, they can issue bonds referencing that lien as the collateral. Everyone dies eventually.
60.
by fountainofage 7y ago
No one else here is arguing about the merits of a property tax. The issue is that people are paying wildly different tax amounts for the same asset. This is exactly the same issue we see in industries where the entrenched companies put up h

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