scoofy

8 ms·

151.
by scoofy 4mo ago
Seriously. It's a bunch of people who've never lived there telling me what it's like. The property taxes are what keep Texas affordable. Texas's infrastructure is going the way of Southern California, when the politics o
152.
by scoofy 4mo ago
Why would you refer to historic racist policies that are no longer enforceable? We might as well talk about Japanese internment. It's not relevant to modern life.
153.
by scoofy 4mo ago
I don't even know how to respond to statements like this. Yes, if you care about issues de jour, yes, Texas is going to look terrible. And Texas has terrible stances on issues like abortion. At the same time, you can't ignore th
154.
by scoofy 4mo ago
People who "refuse to move" to Texas honestly have no idea what they're talking about. Yes, you probably wouldn't like it, but it's certainly not what you think it is. I grew up in Texas (mostly Austin), and later i
155.
by scoofy 4mo ago
Seriously... the gaul of people just scraping a model for free data!
156.
by scoofy 4mo ago
My point here is that a privately operated toll road that exists purely as a toll road, does not parallel the concept of a moderately expensive subscription for what is effectively an existing product. A more apt comparison would be a toll
157.
by scoofy 4mo ago
The vast majority of modern American toll roads are. I grew up in Austin. We have the Mopac and 183 expansions, route 130 was mostly privately constructed, but is under TxDOT. Perhaps other parts of the world have privately operated roads,
158.
by scoofy 4mo ago
I think toll roads is an interesting parallel. They are public works, often in states that simply can’t afford to build or maintain their own infrastructure. But the point remains. I’m not saying there is any wrong with the service, but I
159.
by scoofy 4mo ago
If you’re wondering what a “K-shaped economy” looks like, this is exactly it. A moderately expensive subscription service that simply provides priority access to something you’re otherwise already paying good money for. “I mean’s it’s one b
160.
by scoofy 4mo ago
It's not "captialism." Sweden is capitalist. Norway is capitalist. It's about America going from a high-trust wealthy society, to a low-trust, mostly lower class society with increasing wealth inequality. If you look aro
161.
by scoofy 5mo ago
"Effectively impossible" does not mean "impossible." Yes, Vienna's housing policy is effective... It's also the only place in the world that manages it. I would argue that it is ideal , but nearly impossible t
162.
by scoofy 5mo ago
This is an unfalsifiable pet theory. It is hardly worth discussing.
163.
by scoofy 5mo ago
“A society grows great when old men build five-over-ones whose shade will immediately cover their favorite park bench for 4 days per year.”
164.
by scoofy 5mo ago
Income is not wealth. The crisis is caused by the inability for the median income here to build wealth. That people can’t separate the two is a large part of the problem. As long as your saving is being eaten by asset inflation, no matter h
165.
by scoofy 5mo ago
Economic stimulus does nothing about affordability of goods in a shortage. Quite the opposite, economic stimulus just causes inflation for goods in a shortage. Which is exactly what we’ve seen for 15 years.
166.
by scoofy 5mo ago
I mean, I agree with what you're saying, but it misses that abundance means abundance . Consumer staples should cost near the price of production, and where margins are out of control, the government should step in and end the rent-se
167.
by scoofy 5mo ago
You clearly did not read the book or understand the message. I say this as someone who thinks we need a wealth tax (or at least a tax on unrealized semi-liquid capital gains). >America has always been deeply antidemocratic Okay, buddy. N
168.
by scoofy 5mo ago
My point is only that we can see the value capture of the housing shortage by looking at the delta of housing development COGS and housing prices. I generally agree with you that there is plenty of room for profit margin, but when we see ho
169.
by scoofy 5mo ago
This is really the message of Abundance . If you want people to have kids, you need to make sure they are economically secure by the time they are of childbearing age... which means before they are 30. To do that, you cannot have supply
170.
by scoofy 5mo ago
I'm not here to fight about one mega-data center where they are circumventing local control. I'm talking about the dozens and dozens of data centers being proposed and accepted by city councils all over the United States: https:&
171.
by scoofy 5mo ago
The reason these data centers are getting built in place people don’t want them is because the towns are broke. The city councils know it, but the residents don’t. The entire point of the last 10 years of Strong Towns was talking about muni
172.
by scoofy 5mo ago
Yea, that's easy to say now. I was a relatively early investor (2008), but I was very hesitant early on because Microsoft was building an integrated search function, which became Windows Live Search, which became Bing. I definitely rem
173.
by scoofy 5mo ago
As a long time Berkshire and Alphabet investor, I'm quite please to see my investments working in tandem, but I worry me diversification just went down non-trivially.
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Trump Administration to Dismantle Ocean Monitoring System(nytimes.com)
45 points by scoofy 5mo ago|8 comments
175.
by scoofy 5mo ago
It is as though you’ve never heard of game theory, much less the concept of a coordination or free rider problem. This comment reflects a level of ignorance that would make Dunning & Kruger facepalm. The idea that you compare a democrat
176.
by scoofy 5mo ago
>Some people don't want to earn money that way, because they think it is morally wrong. I mean that's fair, but it's also why I brought up the three major schools of ethics. The consequentialist likely won't care if i
177.
by scoofy 5mo ago
The point is that in the secondary market, the oil will be extracted regardless. By you not participating, you actually increase the return on equity for others, making it more profitable. Buying the stock does not add money into the busi
178.
by scoofy 5mo ago
Obviously there is no “blame” in complex systems, but over and over, folks with financial leverage tend to move immediately from a position of libertarian meritocracy to a position of regressive intervention at exactly the moment when their
179.
by scoofy 5mo ago
Automobiles, steam trains, even electricity or the printing press… There has always been a compelling argument for ludditism, the protection of people in that moment (as if that moment would last forever). And that argument is always doomed
180.
by scoofy 5mo ago
The secondary market isn’t where morally dubious choices get made. There is a huge difference between funding oil extraction that is happening anyway, and funding a company to start extracting oil. However, this is the intersection of conse

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