wait_a_minute

42 ms·

421.
by wait_a_minute 6y ago
Could this become a strategy for hibernating during deep space travel? Say, we could chill ourselves until it seems we're almost dead and use this type of process for preserving ourselves until we get to the next habitable planet?
422.
by wait_a_minute 6y ago
The average American watches 3 to 4 hours of television per day. https://www.statista.com/statistics/186833/average-televisio... Americans also tend to work more hours than their European counterparts. So to me, t
423.
by wait_a_minute 7y ago
Which in my opinion is acceptable, because it's the short-term chaos that is the most likely to bubble out of control and turn into a long-term chaos. Imagine the chaos that would besiege the world if there was a risk of bank runs and
424.
by wait_a_minute 7y ago
I'm a fan of free markets and I'll be the first to admit that it's nonsense to have a black and white perception of the world. It's not either 100% free markets or state-driven economy. There's a huge world in-betwe
425.
by wait_a_minute 7y ago
I don't think that's going to apply to the majority of high-income earners, because the difference is greater than the cost of not having free college or socialized healthcare. A college education is a one-time cost. You might pay
426.
by wait_a_minute 7y ago
If highly productive people can't keep the fruit of their labor, they'll leave to a place where they can! We have less social programs in the US but the majority of productive people will probably prefer working here since they ca
427.
by wait_a_minute 7y ago
Men do in fact get more prison time for the same crimes when compared with women!
428.
by wait_a_minute 7y ago
It's not possible to automate a decision like investing more vs paying off mortgage early, because that decision is entirely up to your personal preference. Do you prefer being debt free, or do you prefer keeping some debt that is at 3
429.
by wait_a_minute 7y ago
Hmmmm that could work, but I worry that if people treat their Roth IRA as their emergency budget in the event of a recession their total amount they can withdraw will be lower than their needs. That is why keeping an emergency fund as a sep
430.
by wait_a_minute 7y ago
Maybe. But to be honest that comes across as trying to sell some software. Ultimately, anyone can become a millionaire following some really boring advice. 1) Six months' of expenses in cash/money market. 2) Max out 401k if possib
431.
by wait_a_minute 7y ago
Is that in order? I'd say having six months' expenses saved should be higher up in that list. After you've paid off all debt besides a mortgage, but before you start maxing out a 401k or IRA.
432.
by wait_a_minute 7y ago
Index funds outperform most actively managed funds, last I checked. In most cases you'd be outperforming professional investors just by sticking with the S&P 500. Yeah, it's possible to be the 1% of traders who can outperform
433.
by wait_a_minute 7y ago
Uh...isn't an index fund that tracks the S&P 500 basically self-driving money? That with something like Mint is basically all you need to do well financially speaking. It feels like this blog post is massively overcomplicating the
434.
by wait_a_minute 7y ago
It does! At least on mobile.
435.
by wait_a_minute 7y ago
It's also really annoying when you want to copy a link to send to people, but it copies the amp link instead.
436.
by wait_a_minute 7y ago
You've been making great arguments. I appreciate them. However, why not order the device from Germany yourself? Are there stringent regulations in place that prevent customers from purchasing across state or even country lines?
437.
by wait_a_minute 7y ago
It's because they're closet Marxists
438.
by wait_a_minute 7y ago
Do you believe that wealth has to be distributed equally or do you believe that some people earn more of the pie because of their own skills, efforts, and risk taking?
439.
by wait_a_minute 7y ago
Long before that is a problem we will have moved to a society where the marginal costs of basically any business are close to 0. Meaning that we can then simply automate the necessities of life and use a universal basic income for everythin
440.
by wait_a_minute 7y ago
Yeah, I wasn't even commenting on the fact that people try to get around laws. I was just commenting on the philosophy of why people shouldn't be so upset if an inheritance or estate tax is even much larger than what it currently
441.
by wait_a_minute 7y ago
I used to be vehemently opposed to anti-inheritance laws but I've recently softened up a bit. Because the data shows that most wealthy people are first-generation rich anyway. (See: The Millionaire Next Door and also The Millionaire Mi
442.
by wait_a_minute 8y ago
How did you gather that from the article? I'm fairly conservative and didn't think that at all. The point of the article that was being heavily polarized in either direction shuts down conversation which results in violence in the
443.
by wait_a_minute 8y ago
Only 43.3 percent of women worked outside the home in 1970. It'd be some time yet after that before most of them did. The point was that your argument against the washing machine was incorrect. Those 10-15 hours a week were actual gain
444.
by wait_a_minute 8y ago
The risk and effort are not spread "equitably" so neither should the profits.
445.
by wait_a_minute 8y ago
That isn't accurate. The electric washing machine was first invented and sold en masse in 1928. It wasn't until seven to eight decades later that women started participating in the labor force more broadly. Until then, and even no
446.
by wait_a_minute 8y ago
So...it sounds like the path to wealth is knowable and repeatable multiple times in a single lifetime, if people will just make correct calculated decisions?
447.
by wait_a_minute 8y ago
This is not necessarily true. See: The washing machine, which gave people an average of ten hours of free-time more each week when it was invented. And countless other inventions that automate away manual labor and are accessible to average