nugget

40 ms·

361.
by nugget 9y ago
What about the idea that pride is the most important value to certain people and pride sometimes comes from your wealth, achievements, and performance relative to the rest of society? The paradox would then be that as society becomes wealt
362.
by nugget 9y ago
My understanding is that if it weren't for TARP several more publicly traded investment banks would have collapsed not to mention wider collateral damage in the market.
363.
by nugget 9y ago
If there were less political intervention into financial markets then solid financial analysis would win almost every time. Maybe that's the way the world should be. Since the GFC a lot of macro bets in both US and EU have been bets o
364.
by nugget 9y ago
> Think about that: that's a ton of people who are being trained to use Uber. Well, they're also being trained to use ridesharing generally. It's pretty low friction to move from Uber to Lyft or another competitor. Think
365.
by nugget 9y ago
> when the owner dies, that assessment corrects. When you inherit property from your parents the Proposition 13 tax basis is preserved. Many of the kids I grew up with still live in their childhood homes for this reason. Seems a bit ir
366.
by nugget 9y ago
>eat right, exercise, and get enough sleep Of these three, diet has by far the most impact on t2 diabetes. The focus on casual exercise ("10k steps per day") is relatively useless compared to a low-inflammation diet. But ther
367.
by nugget 9y ago
I don't see how public health can dramatically improve until we start to have radically different conversations about diet across all levels of society. If you follow the money spent in health care it leads directly to obesity and rel
368.
by nugget 9y ago
Stock compensation is rolled into AGI. But I agree with you that 1%ers are not feudal lords.
369.
by nugget 9y ago
I don't know how true it is, but my understanding is that Federal workers often work fewer hours and enjoy better job security than their private counterparts. If so, wouldn't you expect these benefits to be offset by lower compe
370.
by nugget 9y ago
For better or for worse, everything in America is a business -- healthcare is no exception. Helpful to keep in mind when you think about potential improvements or solutions.
371.
by nugget 9y ago
Can a small minority push too aggressively and embolden a silent majority (or substantially larger plurality) to unify against them and feel justified in resistance? This feels like one of the major themes of the current political climate
372.
by nugget 9y ago
For a single user with no need to share access, you can also just stick everything in a VeraCrypt vault stored on Dropbox. Dropbox seems pretty good at updating only the parts of the vault that have changed, versus the entire (sometimes hu
373.
by nugget 9y ago
Given that Ethereum is open source, the real value comes from their ecosystem (broadly defined). What if Microsoft branched Ethereum and created MicroCoins, and moved a few hundred developers and researchers from Microsoft Research onto the
374.
by nugget 9y ago
Consider four different people: 1. a lawyer who works 100 hours/week flirting with a heart attack and earns $480,930 2. a small business owner who sells their plumbing co after 4 decades and earns $480,930 from the sale, but never brok
375.
by nugget 9y ago
> People make decisions based on the available information, which does NOT included a looking glass. All the information on underfunded state pensions is public, and has been for some time. I don't know why anyone would move to fisc
376.
by nugget 9y ago
Should there be a difference between someone who inherits a debt free, million dollar house in a liquid real estate market versus someone who inherits a million dollars worth of index funds in a Fidelity account? In California, the heir to
377.
by nugget 9y ago
> Frivolous consumption, which certainly can affect persons of any financial upbringing, is unlikely to have any material impact on those who simply inherit money and do nothing else of value to society. It's just a function of the
378.
by nugget 9y ago
> if so, what particular mechanisms exist for some truly idiotic child born with a trust of $1M, $10M, or $100M to lose their wealth? The mechanism of humans to spend and consume frivolously. I know plenty of people who are simply unedu
379.
by nugget 9y ago
> Are you sure it's "class and wealth" and not intelligence? I think intelligence is the most important prerequisite, at which point class exerts influence, and then finally wealth - self-made wealth - becomes a reflection
380.
by nugget 9y ago
> You shouldn't be able to buy a better education for your kid Doesn't this miss the fact that a large amount of education - perhaps the majority of young childhood education - occurs at home, and is influenced by family enviro
381.
by nugget 9y ago
> We just reduce the influence of class and wealth. How? Since the dawn of time, people have been split into rich and poor. It seems to be the most persistent bifurcation in the history of human civilization. Even in a society like the
382.
by nugget 9y ago
There is significant conviction within the South Korean Government to effectively ban cryptocurrencies for public order and national security reasons. Anyone familiar with the South Korean treatment of options trading will see a familiar s
383.
by nugget 9y ago
I'm curious what would have happened if China hadn't industrialized prior to robotics maturing and fully automating manufacturing. Can you leap from subsistence farming to software development without much infrastructure in betwe
384.
by nugget 9y ago
Part of what's keeping Chicago home prices low may be a relatively high property tax that's predicted to increase in the near future, in order to stabilize underfunded pensions. There was an interesting discussion on HN about a ye
385.
by nugget 9y ago
If they invest predominantly in very short-term fixed income than equities (which would be my guess) then they may actually perform even better as interest rates rise and the market cools.
386.
by nugget 9y ago
Keep in mind Bitcoin miners (and Ethereum miners et al.) keep producing a not-insignificant number of coins every day, at least a % of which are typically sold to pay taxes, electricity, and other operating costs. A constant stream of new
387.
by nugget 9y ago
In the spirit of debate... > It's a terrible idea to look at a problem and say, "what's stopping this poor, under-educated person who has to work 10 hour days and feed a family of three from doing self-education?" So
388.
by nugget 9y ago
What's stopping people from self-educating themselves in the humanities you mention? Formal education is far from the only way to learn.
389.
by nugget 9y ago
RAP has been abolished in a number of US states I believe, where dynastic trusts can now persist "forever".
390.
by nugget 9y ago
I thought about this comment for awhile because I have unassailably high class friends who have spent $10k+ on TVs and sneakers. I think the key is they just do it with confidence. I jokingly made fun of my friend's sneaker collectio

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