nugget

65 ms·

661.
by nugget 10y ago
What happens when the "practice of religion" results in the oppression of minority rights (often within the religion itself) or cult like behaviors? Tolerance is an important value but must we be tolerant of extreme intolerance?
662.
by nugget 10y ago
I consider tax free discharge of defaulted mortgage loans to be a bailout of ordinary homeowners.
663.
by nugget 10y ago
Yes, you personally are much better off with no money down (0% equity) and a long-term, fixed rate, tax deductible, low interest and non-recourse mortgage loan. You control the asset (the condo) but have very little downside risk. If pric
664.
by nugget 10y ago
What would you do if property values declined such that you were underwater 20% on your condo? It seems like some minimum amount of equity is a stabilizing force in turbulent markets, the lack of which contributed to some of the unpleasant
665.
by nugget 10y ago
Look up ''churning'' which is the pursuit of mega signup bonuses in order to magnify the rewards. I've earned >1 million points and miles through this method in the last few years, easily $10k+ worth of travel,
666.
by nugget 10y ago
Hate to break it to you but I worked around some of the most prolific hard scientists in the world and many of them genuinely enjoyed bullshitting about the potential future social impact of their work.
667.
by nugget 10y ago
Forget achieving immortality - if we manage to extend average lifespan to even 120 years of age then almost all of our socioeconomic systems break down and we have to more or less rebuild society from the ground up.
668.
by nugget 10y ago
Good point. AMT has caused no end of heartburn around Silicon Valley and everybody should be familiar with it. One of the two major Presidential candidates (who shall remain nameless) has proposed capping itemized deductions at 28%. I thi
669.
by nugget 10y ago
Companies of that size will typically have biannual 409(a) valuations done by professional valuation firms in order to establish the ''fair market value'' of common stock. This value becomes the strike price for employe
670.
by nugget 10y ago
The last $350 million round @ a $1.6 billion valuation priced common shares @ $5/share implying ~ 320 million common shares (napkin math ignoring a bunch of other variables). 100,000 options would represent .03125% of the company. As
671.
by nugget 10y ago
CA state income tax goes up to 13.3% (for >$1 million), it's 12.3% on taxable income of $526,444 up to the $1m threshold. There's also the ACA medicare tax of 3.8% on investment income (which applies to employee options) which
672.
by nugget 10y ago
The Millionaire Next Door by Thomas Stanley
673.
by nugget 10y ago
There are a lot of ways to look at contribution of natural resources. Per capita the military is disproportionately made up of recruits from poorer rural states. Alaska, Texas and Louisiana contribute oil and gas. The Midwest allowed ten
674.
by nugget 10y ago
Note that Clinton's published tax plan calls for increasing the rate to 45% and lowering the threshold to $3.5m. No matter who wins the election I'd expect this tax to at best remain static and more likely to increase over time.
675.
by nugget 10y ago
You can't reliably adblock vertically integrated sites like Facebook and Google search who sell and serve their own ads on their own domains. There's a scenario wherein monetization as we know it dies for the majority of long-tai
676.
by nugget 10y ago
> and will be unaffected by the 10% increase in any meaningful way Not unaffected - property taxes would increase by 10% in many jurisdictions (where no cap exists), and other costs like insurance and maintenance would likely increase by
677.
by nugget 10y ago
Do you think millenials being priced out of London as it became a global money laundering hub had anything to do with it? That's what I hear from my friends there.
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by nugget 10y ago
Are you really a hedge fund in that you actively hedge your positions or are you just an actively traded long-mostly fund that calls themselves a hedge fund because it's a trendy label? What benchmark do you compare yourselves to? Ar
679.
by nugget 10y ago
You think there's a wizard behind the curtain but there isn't. Some counterpoints from my own experiences as a once broke, now financially successful entrepreneur: << The wealthy usually have an (often inherited) network of
680.
by nugget 10y ago
I had a similar experience. I find that culture is continually underappreciated in discussions of wealth and income. If I had to choose between passing either my wealth or my culture to my kids as their inheritance I would pick culture ev
681.
by nugget 10y ago
I can think of many reasons why folks would want to use a custom browser built on top of Chromium rather than Chrome. Take Opera for example - Adblock and VPN are two services that can live more efficiently deeper in the core versus the ex
682.
by nugget 10y ago
Seems like the market is moving to almost all second-tier browsers (e.g. Opera) building from Chromium. I think this is a positive development as it should strengthen the underlying code if more people use it as a standard and then innovat
683.
by nugget 10y ago
You run into the same problem as means-testing social security and similar ideas -- turns out that income is a very pyramid-like distribution and there's just not a ton of it at the top, relative to the base and the middle. It wouldn&
684.
by nugget 10y ago
Discussions of class can be semantic minefields, but broadly I'd consider that entry level customer service job ($20/hr as another poster mentioned) as lower middle class. Importantly though, entry level lower middle class jobs c
685.
by nugget 10y ago
I'm just an armchair economist but it seems obvious that this payroll tax (especially when combined with minimum wage hikes) will further incentivize companies to relocate entry level workers to lower cost of living areas, e.g. Yelp cu
686.
by nugget 10y ago
LNKD stock was volatile which meant that share price crashes were great opportunities to invest if you believed in the long-term dominance of the company. I "loaded the boat" when it fell to $100/share. There's little
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by nugget 10y ago
Given that people don't want to leave the Bay Area and don't want to be homeless, prices seem to be largely determined by how much firepower the demand side of the equation has. In the absurd scenario of 0% mortgage rates and a 1
688.
by nugget 10y ago
I spent most of my childhood in California. Real estate is and always has been the number one industry in the state. The majority of my childhood friends' wealth seems to derive from houses their families bought in the early 80s or e
689.
by nugget 10y ago
Well in theory couldn't any obscure exploit in the underlying framework (Solidity or related) be used to exploit contracts based on it? I think a comment from yesterday nailed it - that a system like this may be perfect for processing
690.
by nugget 10y ago
My understanding from dealing with this in a prior life is that the SEC will investigate these outliers as standard practice and 1) try to connect the dots between the buyers and any LNKD insiders, and 2) ask the buyers to show all of the d

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