yibg

27 ms·

481.
by yibg 4y ago
Not a Chinese employer, although you'd be surprised at the comp levels for some companies in the larger city in China. I was working for a US employer with an office in China. EDIT: to provide more details. Total comp of 200k USD and u
482.
by yibg 4y ago
I spent 3 years in China before Covid. Happened to be out of the country during initial lockdown and that was that. My experiences are pre Covid so things may be different now, I don’t know. Pros: - very vibrant, never bored even though whe
483.
by yibg 4y ago
Yes but now you have 3 times as many accounts that need to be bailed out. Instead of 3 people holding 1 account each at 1 bank with 750k, now I have 3 people holding 250k at 3 banks. Per bank it’s still 750k.
484.
by yibg 4y ago
the math is still the same though, just different degrees. If we (as tax payers) are ok with insuring 3 accounts (as an example) x 250k each, why are we not ok with insuring 1 account for 750k?
485.
by yibg 4y ago
Sure, if we change the limit of FDIC so it's harder to stack that would make sense. e.g. coverage is per entity not per account. But that's not what people here are suggesting. People are suggesting to divide the funds so that it&
486.
by yibg 4y ago
Not for FDIC. 10 people each with 1mm in 10 different banks. If FDIC covers the entire amount when 1 bank fails, they pay 10mm. If all 10 people spread 100k across 10 different banks and 1 bank fails, FDIC pays 100k x 10 which is still 1mm.
487.
by yibg 4y ago
I get what you're saying. But by that token any fines that are levied against banks are also paid by taxpayers. So if you're saying that this move is wrong since it puts the burden on taxpayers, then we shouldn't fine banks e
488.
by yibg 4y ago
What risks were taken by SVB? From what I understood, all the investments were in very safe ones.
489.
by yibg 4y ago
that seems like a bit of a silly argument. By that token any time we fine a bank we're not fining the bank, but the bank's customers?
490.
by yibg 4y ago
Isn't the systemic risk exception exactly planning for cases like this ahead of time?
491.
by yibg 4y ago
But in terms of socializing the risk it works out the same. There is no difference between paying a company back $5mm or 20 companies 250k each.
492.
by yibg 4y ago
People don’t think businesses have more than 250k in accounts? How do restaurants buy inventory, pay workers etc?
493.
by yibg 4y ago
One thing I don’t get. People are making a few claims: 1) anything beyond 250k is a known risk, you should’ve spread the money around. 2) why should tax payers be on the hook for more than the 250k amount? The companies took the risk and lo
494.
by yibg 4y ago
From an insurance perspective, why is it ok to guarantee payment to 20 x $250k but not $5mm? From a payout perspective the amount is the same, is it just the single point of failure risk?
495.
by yibg 4y ago
If all banks worked like this, how would people get mortgages? Can’t loan out the money with interest.
496.
by yibg 4y ago
Also to clarify, RSUs are not exercised. They are yours when they vest and taxes are due when they vest (hence the double trigger) Early startup employees are typically granted stock options. Stock options can be exercised, and the spread i
497.
by yibg 4y ago
Only if you join early enough for the early exercise cost to be low. Anyone that joined after the first few years probably won’t be able to or want to pay the upfront cost for early exercising.
498.
by yibg 4y ago
Depends on when. If you join when the shares are with $0.10 then exercising is not going to be costly on tech salaries.
499.
by yibg 4y ago
I’m not a fan of US health care, but in the case of private healthcare providers isn’t that exactly how it works? Insurance etc maybe not do much, but what kinds of disproportionate power does something like One Medical have?
500.
by yibg 4y ago
So schools have subjective criteria that disproportionately impacts one group of students, but it’s fine because that’s the rules and they are following it?
501.
by yibg 4y ago
How is this different from previous leaps in industrialization or technological innovation? If you make widgets worse than a machine in a factory then your labor is worthless.
502.
by yibg 4y ago
Not like they are the only player in town. If they don’t make things easier people just don’t use them, no harm done. So they are either good for consumers or not relevant. What’s the downside?
503.
by yibg 4y ago
While I agree, it seems like the probability of this happening in the US any time soon is almost nil. Where as the probability of One Medical making at least some improvement is non zero.
504.
by yibg 4y ago
They are still human, just missing (or have extra) arms. We should treat them with the same respect and dignity as anyone else that have 2 arms. What we don't say is we don't know how many arms humans have just because some people
505.
by yibg 4y ago
"Mother" being a no no doesn't both you?
506.
by yibg 4y ago
It's a useless definition. A woman is someone who identifies as a woman. Circular definition much? Makes the word pretty much meaningless.
507.
by yibg 4y ago
How many arms do humans have? Is saying 2 some how bad because there are outliers and it's not inclusive?
508.
by yibg 4y ago
This seems like pretty on point: "The whole tendency of equity language is to blur the contours of hard, often unpleasant facts. This aversion to reality is its main appeal." Language can and should be provocative at times, becaus
509.
by yibg 4y ago
It's also a losing battle and constantly moving target. Pretty much anything said can be interpreted badly.
510.
by yibg 4y ago
My personal pet peeve here is asking for tip before the service at places where you order and pay first, sit down and they bring you the food. There is SOME service here; they bring you water, napkins etc. But how would I know what the serv

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