lazerpants

7 ms·

31.
by lazerpants 5y ago
Funny enough, I can't stand Lao Gan Ma, there's a subtle taste to it that I find gross. I can't taste that flavor every time I use it, but if if I put it on dumplings it's there. However, I love some of the alternative v
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by lazerpants 5y ago
By and large I think wealthier people have more incentives to limit their drug use. They have hobbies, jobs, etc, that they probably enjoy and don't want to ruin via drug use. On the other hand when everything in your life sucks becaus
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by lazerpants 5y ago
Turns into a nightmare of course. But it's gated by how much you can afford to pay. The new congestion charges will really be a boon to the ultra-wealthy since the charges are minuscule compared to what they are willing to pay and it w
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by lazerpants 5y ago
Not in a lot of Europe. Tolls are high and gas taxes are high. Driving from London to Rome can cost several hundred euros in tolls.
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by lazerpants 5y ago
My work brings me into contact with many high net worth individuals in Manhattan. They all take cars most of the time. It is faster than the subway, usually, and even when it isn't you can get more done in the car. Even in the U.S.&#x2
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by lazerpants 5y ago
It doesn't grow in value if real prices are adjusting simultaneously.
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by lazerpants 5y ago
Deflationary currencies shouldn't be an issue if real prices adjust at a similar pace. The theoretical problem with deflation is mostly that wages are sticky and you can't lower someone's pay very easily. But if everyone has
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by lazerpants 5y ago
I'm fine with a carbon tax, but this entirely ignores that it may end up being regressive in the US since so many people in lower income brackets depend on older cars, and can't just upgrade to a Tesla if gas gets more expensive.
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by lazerpants 5y ago
As much hate as there is for MBAs and managers on Hackernews, the people who actually learn to manage well, as in, build teams with the potential for high performance and motivate them to perform, are nearly priceless for the reasons you&#x
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by lazerpants 5y ago
That is incorrect. GDP is typically calculated using an expenditure approach. Just transferring 185MM would not impact GDP.
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by lazerpants 5y ago
Plus it was an unprecedented investment in labor. An entire generation of young men were either killed or maimed, or they received job training and the offer of a free college degree. Suddenly you have an exceedingly employable workforce. A
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by lazerpants 5y ago
The Wealth Effect is a real consideration here. During 2007 people cut their spending considerable because their houses went down in value, even if they were not, at that time, trying to sell their home. You would see the wealth effect work
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by lazerpants 6y ago
That's pretty reasonable! I'm in Brooklyn and the garage by me is $500/month. Which is part of why I don't own a car.
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by lazerpants 6y ago
To be fair, there's probably an efficient frontier problem in pedestrianizing neighborhoods. If you closed off the entirety of Manhattan to cars, it would probably destroy Manhattan, but if you closed off specific areas such that peopl
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by lazerpants 6y ago
Right, but at some point you have to question why these things are so cheap. What conditions are you helping to perpetuate by buying inexpensive clothes and meat? Not that you're obligated to spend your money differently than you do. B
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by lazerpants 6y ago
That was margin derived from operating revenue, it includes SG&A for the entire division. Do you have a source stating otherwise?
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by lazerpants 6y ago
I checked Comcast's 10k report and their margin for the segment including broadband is over 40%, which is crazy but about what you would expect from a de facto monopoly. I don't think forcing them to invest in capex to benefit cus
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by lazerpants 6y ago
I'm not sure that the CATO study indicates that social mobility is high, just that a certain strata has grown? Here's a good paper on social mobility. https://www.sciencedirect.com/science/article/pii&#x2
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by lazerpants 6y ago
Your comment sent me down a research hole. Turns out, stock ticker symbols can be reused but I can find no evidence that NET was used before, which seems impossible.
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by lazerpants 6y ago
I think the issue with inequality that bothers many people includes an extra feature, how difficult it is for someone to move between percentiles of wealth. If it were easy to join the top 10% in wealth via intelligence, grit, and hard-work
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by lazerpants 6y ago
Great points! I disagree with you on this: Wages at the low end rise with the cost of living. I think this is really an elasticity issue and that we have far too much low skill labor available in the USA (in part because we can import it ea
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by lazerpants 6y ago
Once you start overnighting the food you're competing with Goldbelly, which already has considerable scale but lacks focus and doesn't really have a defined "indulgent tasting menu experience" category (the dinners are t
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by lazerpants 6y ago
Doesn't entirely answer your question but this was in the faqs: Can the Goldback be counterfeited? Not anytime soon. It took Valaurum over twenty years to develop the technology to create the Goldback and they have no competitors. Much
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by lazerpants 6y ago
I know and deal with some physicists and they all seem really happy and only one of them is famous/rich. The fact that you can always bail and go to finance seems to be a good backstop for them.
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by lazerpants 6y ago
A unique cafe like that is early phase gentrification, which most communities and individuals don't object to. They don't like it when tech/finance bros move in and want a Starbucks because it's easy to order from an app
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by lazerpants 6y ago
The Millenial generation is the largest birth cohort in the USA at this point. Their shifting preferences due to age may be very impactful on real estate generally, since many people are generally going through the same phases of life at th
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by lazerpants 6y ago
I'm not sure about The Room, I felt the same way when I saw it, but after briefly interacting with Tommy Wiseau it seems plausible to me that he's a bizarre satirist with a strange sense of humor playing the long game. I agree tha
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by lazerpants 6y ago
>If things get really bad, and you have no other ideas, get drunk. (Not great, but far better than an ill-considered suicide.) A large proportion of suicides involve drugs and/or alcohol. This might work from you but I don't th
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by lazerpants 6y ago
Actually, individual savings rates increased pretty substantially after 2008 and remained higher than before 2008 through the most recent data. Of course, corporate and sovereign debt have increased dramatically during that time because of
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by lazerpants 6y ago
But, you have to take into account the differences in affordability across the city, especially in NYC. Are people going to want to live in Tudor City if they only have to go to work 1-2x per week? Or do you get a bigger space in Brooklyn o

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