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iso1210
searching PlanetScale…
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67 ms
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271.
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iso1210
5y ago
5% sorry. It's a reasonable long term return. 25 years per generation. Year 0: 10m Year 25: 33.8m. 3 kids, give them 10m each, leaving you with 3.8m for the rest of time This repeats as long as you want. Over 100 years at 5% you have 1
272.
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iso1210
5y ago
The average person would be at the 50% line. Vast majority of people are closer to the bottom 50% than the top 10%. Sure if you're born into a family at the 85% range then you're closer to the top 10%. 85% people are not born into
273.
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iso1210
5y ago
Of course if western capitalism finally crashes you'd be screwed. But then everyone in the west is.
274.
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iso1210
5y ago
That depends on the frugality of the multi-millionaire parents.
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iso1210
5y ago
10m wouldn't be the house, you live in a normal 300k house and pay no rent, the 40k covers all your day to day expenses, and you don't need to work. In reality you can probably levarage your security and contacts to get yourself a
276.
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iso1210
5y ago
The 400k would have to be reinvested to grow the pot enough in 10 years to be able to split to 3 kids and have the same pot as before.
277.
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iso1210
5y ago
If your 10 million pot increases by 4% per year above inflation, and each generation has 3 kids, after 25 years it's 33 million, each kid gets 11 million (adjusted for inflation). They can take 1 million and still pass on 10m each to t
278.
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iso1210
5y ago
They seem to be commonly quoted, without sources. I found this "Approximately 70% of second-generation family firm successors are likely to close the family firm post succession due to succession process-related issues" in an abst
279.
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iso1210
5y ago
Only 10% of the population can be in the top 10% of wealth at any time. What's more important for the majority is how good life is at the bottom half than the top. You're far more likely to get knocked into the bottom 10%, and esp
280.
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iso1210
5y ago
From an outside perspective, insourced UK Government IT seems really well managed and on the ball However far too much is outsourced to capita or accenture or direct to oracle or microsoft, and that's where it falls apart
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iso1210
5y ago
I listen to WS in my car in the UK via DAB. I knew someone from student TV who worked on DRM for BBC R&D for a while - DRM being "Digital Radio Mondiale", or Digital Shortwave. DAB struggled to gain traction over the last 20 y
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iso1210
5y ago
Figure 1 is facsinating - it shows the 80s were awful for everyone, especially the bottom 10%. Male workers dropped 16.3% from 1979-1990, and Hispanic dropped 20.9%! 2010-2019 was the best real income growth for all groups apart from top 10
283.
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iso1210
5y ago
Sounds like a great opportunity to ensure you've got water, fuel and food safely stockpiled (secretly)
284.
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iso1210
5y ago
World Service can be picked up on Short Wave from a long distance from the transmitters https://www.bbc.co.uk/programmes/articles/2x9tqt6mc05vB2S37j... https://downloads.bbc.co.uk/worldservice/
285.
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iso1210
5y ago
Did Hutton ever apologise to the BBC. He skewered them when they claimed the dossier was perhaps not quite fully trustworthy
286.
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iso1210
5y ago
Internet being down being discussed at https://news.ycombinator.com/item?id=29808046 (200+ comments)
287.
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iso1210
5y ago
So they're trying to fire him?
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iso1210
5y ago
Certainly "Sexed up" the evidence, the entire Dodgy Dossier killed the BBC - Greg Dyke (the Director General / CEO, who was on holiday at the time) had to resign because of it. The Hutton Report claimed that the dossier was n
289.
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iso1210
5y ago
30 minutes or your money back?
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iso1210
5y ago
3 day week 1973/74 in the UK, I'm sure there were worse energy crises in other countries
291.
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iso1210
5y ago
A state has direct control over everything it its borders. Ultimately you can send in the army to the IXPs and you pull the plug, be that North Korea or the USA
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iso1210
5y ago
I remember trying to get internet in Kabul when we expanded an office there about a decade ago, there was one fibre over the khyber pass to Pakistan, and I seem to remember the connections north and south to Uzbekistan/Iran relied on a
293.
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iso1210
5y ago
Presumably generating blue hydrogen is an obvious way to export free power
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iso1210
5y ago
Giving money to people creating the stuff you like to watch?
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iso1210
5y ago
All of that is way cheaper (currently) than cable. The biggest problem is finding what you want. Need a TV Guide for streaming, so I can search for say "The Martian", and it would tell me "This is on netflix in your country&q
296.
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iso1210
5y ago
I'd love to know who isn't on a fixed income. I get pay £X a month, its fixed, I can't just say "Ahh this month I'm going to take twice as much income" Meanwhile pensioners see their pensions shooting up above
297.
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iso1210
5y ago
To be fair I did this with ink opaque in the infrared spectrum all over a Justin Bieber CD and the sound was massively improved.
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iso1210
5y ago
> really messes with family dynamics Spending the inheritance?
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iso1210
5y ago
To be fair I've got some $2500 switches. OK they're layer 3, run routing protocols, have 48 POE ports and dual power supplies, and I still think they're overpriced, but it's fairly standard. A single power supply 5 port
300.
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iso1210
5y ago
The ones that aren't required at all?
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