atomical (u/atomical)

atomical commented on I’m not saving ninety percent of my income for myself thecut.com/2019/06/how-im... · Posted by u/mooreds

neogodless · 6 years ago

I do not think this is accurate. While she does provide them with support, the article states that they actually need very little. She's saving a lot more than what's needed to support them.

atomical · 6 years ago

They need her to buy them a house. That's not needing a little.

atomical commented on I’m not saving ninety percent of my income for myself thecut.com/2019/06/how-im... · Posted by u/mooreds

StillBored · 6 years ago

Hard to describe that as mental illness, I might go the other way and say people so consumed by their social status that they throw away their perfectly functional year old iphone/cloths/cars/etc to buy the latest version are suffering far more harmful mental illness. And that might just be the surface, people who throw their lives away going into massive debt to buy the largest house and nicest car they can afford are clearly harming themselves.

Its an ugly cycle, people who check out of it are definitely not mentally ill IMHO. Average US consumerism is an addiction.

atomical · 6 years ago

> My husband and I never really discussed the fact that I’d be supporting my parents. It was just a given

> He doesn’t mind the way I want to live — he just goes along with it.

> I once had a conversation with my husband about how if I died, he’d have to keep taking care of my parents. It’s a dark topic, I know, and he wasn’t thrilled about the idea. But he wouldn’t kick them out.

> My dad is now retired, and when my mom retires she’ll move in with us too. The plan is to give them this house eventually, and get our own nearby.

She says her parents aren't pleasant people. Imagine how her husband feels about dedicating all his future earnings towards their happiness. She thinks this is normal.

atomical commented on All-White Town’s Divisive Experiment With Cryptocurrency wired.com/story/inside-an... · Posted by u/thesauri

atomical · 6 years ago

> Commerce would continue, with state-backed currencies swapped for crypto alternatives that float freely on an open market.

I'm assuming this means a stable coin?

Has anyone figured out how to verify the backing on a blockchain? If that was possible Tether's fraud would have been exposed sooner.

Also, why is Facebook's new currency rumored to be backed by multiple currencies? That seems like it would add volatility instead of lessening it.

atomical commented on SoftBank could bring down the house? capitalistexploits.at/hol... · Posted by u/tigerlily

atomical · 6 years ago

What's the argument against Alibaba?

atomical commented on SoftBank could bring down the house? capitalistexploits.at/hol... · Posted by u/tigerlily

oarabbus_ · 6 years ago

This is why Apple took (takes) out billions of dollars in loans despite having nearly a $1 trillion market cap of which a significant portion is cash.

If you're a large corporation and have low-interest money offered to you, it's almost fiscally irresponsible not to take the loans.

Depends of the tax laws of your home country, of course, and I don't know anything about Japan. But in the US, if you were to get offered a 0.1% interest loan, take the money now and figure out what to do with it later.

atomical · 6 years ago

Buffett and Munger have said that they are having difficulty investing cash because they have so much of it. In this case it seems irresponsible to take loans. I don't see the point unless it's a tax dodge.

atomical commented on SEC Charges Kik With Conducting $100M Unregistered ICO sec.gov/news/press-releas... · Posted by u/khartig

arcticbull · 6 years ago

You’ve got this backwards. Anyone can sell securities to any investor if the company they’re selling shares in can commit to providing regular audited financial disclosures showing they’re not frauds. It’s on the product being brought to market to show it’s fit for sale, not for the investor to show they’re “sophisticated.” If they show they’re sophisticated they can elect to waive the reporting requirements. You could do this for your personal C Corp, it’s just a lot of overhead you may deem not a good use of capital.

Kik is choosing not to become a “public” company in that they don’t want to file disclosures. They’re trying to circumvent the rules that show they’re operating above board.

atomical · 6 years ago

It's more than that. They received money from "investors" without giving away any equity.