daxorid (u/daxorid) - Readit News

daxorid commented on Joe Rogan got ripped off supercast.com/blog/joe-ro... · Posted by u/armonarani

itsoktocry · 5 years ago

>In my last post I estimated Rogan was making around $64MM/year.

Colour me skeptical.

I have a hard time believing that Joe (who has been in show business a long time), or the business people he surrounds himself with as advisors, would sign a ~$100MM exclusive contact when they're printing $50MM+ a year. That doesn't make sense, does it?

daxorid · 5 years ago

His podcast is, by no means, his only business or income stream.

daxorid commented on ‘We Are Not Essential. We Are Sacrificial.’ nytimes.com/2020/05/05/op... · Posted by u/rbanffy

syshum · 5 years ago

Unfortunately there are many people that believe it is... That the government can just indefinitely issue people money with no negative consequences, or worse they believe that simply "taxing the wealthy" is a path to that infinite money

daxorid · 5 years ago

These people aren't wrong, though.

Powell has printed $6T, and the DXY has gone nowhere but up, along with the SPY and the QQQ and the DJIA.

Every single Thursday, we report more job losses than expected, and the market screams higher.

As much as we'd like to think there will be consequences to printing money, the evidence is in that there won't be, either in currency value or market confidence. MMT has proven itself correct.

daxorid commented on Facing meat shortages, some Americans turn to hunting during pandemic reuters.com/article/us-he... · Posted by u/rbanffy

mindcrime · 5 years ago

My state of 3M had 100,000 deer harvested last year.

And what about rabbits, squirrels, turkeys, ducks, quail, bison, elk, feral hogs, etc., etc? There's more game out there than just deer.

daxorid · 5 years ago

Personal experience from someone who enjoys hunting and eating game:

The bigger issue is getting one's family on board. A spouse or kids who have grown accustomed to CAFO beef and chicken and not much else will be difficult to transition to gamier meats, to say nothing of offal.

daxorid commented on Elon Musk tweet wipes $14bn off Tesla's value bbc.com/news/business-525... · Posted by u/abhi3

joshstrange · 5 years ago

> "We view these Musk comments as tongue in cheek and it's Elon being Elon. It's certainly a headache for investors for him to venture into this area as his tweeting remains a hot button issue and [Wall] Street clearly is frustrated,"

I'm sorry, whose fault is it that Wall Street react to tweets? I mean really, If I'm long on Tesla (I'm not, I own none of their stock unless it's somehow tied up in my 401K) am I selling all my stock because Elon said he thinks it's too high? No, that would be stupid. Sounds like day traders/HFT's are the ones that choose to react to this stuff and then get burned and I have zero compassion for that. Live by the sword...

daxorid · 5 years ago

> whose fault is it that Wall Street react to tweets?

He's not permitted to tweet anything that may materially impact the stock without prior board or general counsel approval, per his contempt agreement.

Obviously Jay Clayton is going to let him get away with it just like his prior violation of the Consent Decree, but for the brief period of time that the market forgets the SEC is toothless when it comes to Musk, this is nominally a big deal.

daxorid commented on YouTube bans coronavirus-related content that directly contradicts WHO advice bbc.com/news/technology-5... · Posted by u/topoftheforts

adrr · 5 years ago

Advertisers don’t want their ads on fringe content.

daxorid · 5 years ago

This is a ridiculous assumption. For two obvious examples, Art Bell attracted plenty of advertisers, as did early-day Howard Stern.

Some advertisers do, and some do not. Don't lump them all into a single bucket. YouTube is creating an environment that guarantees a future without Art Bells or Howard Sterns.

The concern you raise could easily be remedied with a single checkbox on the advertiser portal labeled "Display this Campaign on Fringe Content". The fact that with the enormous technical capability of Google, they choose not to do this and instead decide that they know the advertisers' preferences better than the advertisers themselves demonstrates clearly that this is about power and control, not ad revenue or serving the customer.

daxorid commented on Small business rescue earned banks $10B in fees npr.org/2020/04/22/840678... · Posted by u/gnrlbzik

lordnacho · 5 years ago

Gotta ask whether the banking system makes sense in its current form.

- Part of it is actually a utility. Payments, sending money from one place to another, making sure there's an account at the other end of that number. Everyone needs this, yet being a huge international network there isn't a whole lot that one bank offers that another cannot.

- Part of it is deciding who to lend money to. Makes sense for the bank to decide this with its own money.

- Part of it is regulatory. We don't want money laundering. Have to ask whether this really ought to be up to law enforcement to do, or as it is now a massive burden on the banks, which also have bad incentives.

What if we had the central bank give everyone an account that was interoperable with the rest of the banking system? Then if you want to hand out money, you just do it. If you want to borrow money, find a lender.

daxorid · 5 years ago

> We don't want money laundering

Can you explain this? It's never made any sense, at all.

1. If you earn excess unreported income, eventually the IRS will figure it out and come get their cut.

2. If you earn it through criminal means, you're already committing a crime for which, if caught, you will be punished.

Why is the act of obfuscating the source of income a crime? Who gets harmed by this, that isn't already harmed by either the potential crime committed or taxes evaded?