harryh

91 ms·

901.
by harryh 7y ago
If you're going to say that German insurance costs 15% of income, you need to also say that Medicare costs 2.9% of income (counting the employer half) to make an Apples-to-Apples comparison. There's also the 0.9% surtax on income
902.
by harryh 7y ago
I mean, maybe. But historically speaking that hasn't necessarily been the case.
903.
by harryh 7y ago
The US Government spends more money than it takes in taxes. In order to finance the difference it takes out loans (in many ways just like you might take out a loan to buy something). These loans take the form of government bonds. Various pe
904.
by harryh 7y ago
To pay back a 100k loan at 4.5% interest (reasonable guess) in 20 years, you've got to pay about 7.5k a year or about 25% of that theoretical person's income. That's a heavy lift. Just doing the math.
905.
by harryh 7y ago
> The asset itself is represented purely in code. You have a checking account at a bank right? What do you think is representing your bank balance? I'll give you a hint: there's no drawer anywhere with your name on it and $X,XX
906.
by harryh 7y ago
Regular money is programmable money. Everything from automated trading of stocks to automatic bill pay from your checking account is programming money.
907.
by harryh 7y ago
There's a Cartier and a Dior there, but there's also an H&M and a Uniqulo. There is plenty there to cater to the majority.
908.
by harryh 7y ago
That's not the side of the trade I want.
909.
by harryh 7y ago
You can't really bet on "it'll be bankrupt in < 2 years" in the public market.
910.
by harryh 7y ago
How much would you like to bet on that? I'm happy to be your counterparty.
911.
by harryh 7y ago
He also joined Lyft as a "Support Associate"[1] where he, presumably, got a stock grant that was much much smaller than those for more in demand roles. He would not have been able to get a stock grant from FB or Google like you de
912.
by harryh 8y ago
The reason to care is that in the current American economy there is an agglomeration effect in large "superstar" cities that causes wages to be significantly higher than in other parts of the country. This impact is seen to an eve
913.
by harryh 8y ago
Pinterest's last pre-ipo valuation was at 12.something billion. It's market cap is currently a bit over 18 billion.
914.
by harryh 8y ago
They're regular bookstores. There has been a lot of press on this sort of thing. This article is representative: https://www.cbsnews.com/news/once-endangered-bookstores-are-...
915.
by harryh 8y ago
I can imagine that running a taxi company might be a lot like running an airline (a notoriously money losing business). Four out of five of Porter's five forces are working against you: - relatively easy for new entrants to enter t
916.
by harryh 8y ago
The number of independent bookstores in the US has been consistently rising for the past 10 years. https://www.statista.com/statistics/282808/number-of-indepen...
917.
by harryh 8y ago
Slack was founded in 2009. That was 10 years ago not five.
918.
by harryh 8y ago
Federal government spending is about 4 trillion. 7.65 is Fed + State + Local.
919.
by harryh 8y ago
I had Okta (good one though!). Autodesk HQ is in San Rafael.
920.
by harryh 8y ago
While technically Marin Software is public it only has a market cap of about 30M so......
921.
by harryh 8y ago
Existing Public Companies with SF HQs: - DocuSign - Dropbox - Eventbrite - Fitbit - LendingClub - LiveRamp - New Relic - Okta - Salesforce - Splunk - Square - Twilio - Twitter - Yelp - Zendesk - Zynga - W
922.
by harryh 8y ago
patio11 has a good tweetstorm on why Amazon doing this is perfectly rational. https://twitter.com/patio11/status/875629380105416705
923.
by harryh 8y ago
Does their definition of "income" include capital gains for the purpose of those reports? Yes https://taxfoundation.org/summary-latest-federal-income-tax-...
924.
by harryh 8y ago
there's a point past which taxation is essentially regressive as a result Perhaps, but the US is not past that point. Every level of income pays a higher rate of taxes than the level below it according to IRS reports. Separately, non
925.
by harryh 8y ago
There are a lot of very good reasons to tax capital gains at lower rates than ordinary income. Among them: - The problem of notational vs real gains - The fact that capital gains are already taxed once at the corporate level - The f
926.
by harryh 8y ago
One of the most complexity inducing areas of the tax code, The Alternative Minimum Tax, has a lot more to do with taxing certain people extra than handing out any special privileges. That and form 8960 (Net Investment Income Tax Individuals
927.
by harryh 8y ago
For the record, the IRS (in partnership with various tax companies) already providers for free filing for people making less than 66k/year. https://www.irs.gov/filing/free-file-do-your-federal-taxes-f...
928.
by harryh 8y ago
The IRS releases aggregated information on what % of people take various deductions or use various aspects of the different tax forms. This information does not support your various alternative hypotheses. For the record any of the followin
929.
by harryh 8y ago
Another way to know your number is wrong is to consider the fact that the US emits ~5.5 gigatons of CO2 per year. If it cost only $1 a ton to sequester that then the total cost would only be only 5.5 billion dollars a year. That's....n
930.
by harryh 8y ago
Your quoted price for CO2 offsets is about $1/ton (us residents emit a bit more than 15 tons of CO2 per year). That's about 150x smaller than most other estimates for the cost of carbon sequestration. I think your math is probably

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