hash872

48 ms·

481.
by hash872 8y ago
While I did not purchase the document, I did rely on famous economist Tyler Cowen to summarize it. I feel pretty comfortable with that decision as he's an SME. > the 1% are mostly working people who supplement wage income with some
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by hash872 8y ago
The Kochs are active executives within their companies, which is a huge % of net worth. Wikipedia states that their stakes were worth $1.1 billion in 1983 when the brothers took them over, obviously they are worth vastly more now. It's
483.
by hash872 8y ago
https://www.nber.org/papers/w25442 'Have the idle rich replaced the working rich at the top of the U.S. income distribution? Using tax data linking 11 million firms to their owners, this paper finds that entrepren
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by hash872 8y ago
The belief system here makes me incredulous. How exactly does the average upper middle class worker support 'occupational licensing' and 'restrictions on the immigration of white-collar professionals'? Can you outline th
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by hash872 8y ago
I can't speak as to what Uber's earnings will be 5 years from now, but I can recommend Stratechery by Ben Thompson as a way of understanding tech company's 'moats'. And how they're qualitatively different from
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by hash872 8y ago
Manufacturing jobs were leaving the US in the millions pre-NAFTA and China joining the WTO. Even with high tariffs & restrictionist immigration policies, it can't change the fact that someone in a 3rd world country can do x semi-sk
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by hash872 8y ago
Much of Piketty's work has been widely debunked, especially r > g, so I'm not sure why one would start with his thesis. Top 1% income earners are typically business founder-owners, and reams of evidence from the Forbes 400 to t
488.
by hash872 8y ago
> Federal Income Tax Withheld $61,363.50 State Income Tax Withheld (CA) $22,103.55 I think there's some confusion around terminology- that's not payroll taxes (the 6%), that's regular income taxes. Anyways, you realize you
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by hash872 8y ago
> The dumbest thing in the world is working at FAANG at high salary levels. Unless your are in the C-suite you are always in a precarious position. It's not easy to justify the high salary at a competitor all the time. I don't
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by hash872 8y ago
>My understanding is a great deal of od'ing comes from people not knowing what or how much of what they are putting in their bodies I don't see how that's possible with opioids, they are manufactured in a professional phar
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by hash872 8y ago
Shrug. I grew up in a rural 99% white state, and lived the 'street' or frankly trailer lifestyle when I was 17-18 years old with tons of other working class folks. Blow & oxys in the trailer park, etc. I'm pretty familiar
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by hash872 8y ago
Easy solutions to the drug problem are mostly populism. Unfortunately there is literally no known society-wide cure. Lots of well-meaning people think that offering rehab to addicts is some type of magic cure. Unfortunately, the average add
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by hash872 8y ago
Not in any way a defender of the current real estate system, but I've never understood this mindset. It presupposes completely irrational behavior on the part of the seller- that they will choose to give you a 3% discount for.... no re