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haizhung commented on It's the Housing, Stupid   ofdollarsanddata.com/its-... · Posted by u/throw0101c
haizhung · 7 days ago
Curious to see that no one mentions the drastically rising inequality in western society as the root cause of the housing crises.

What we are seeing to date is a transfer of wealth from the working class, the middle class, and the government to rich people at a rate that is unprecedented in human history. The rich are getting richer at an extremely high rate, and barely any country taxes wealth.

So what you get is multimillionaires and billionaires who get passive income of several million dollars per month. What are they going to do with that money? There is a rule that you should let your money work for you, and so rich people buy: assets, stock, shares.

That’s why the prices of all of these things go up despite living standards falling and falling for ordinary people. We have an asset price inflation, due to the enormous amount of money given to the ultra rich.

Housing prices will never go down unless you tax the rich. Regardless of zoning laws or what not.

haizhung commented on What Does One Billion Dollars Look Like?   whatdoesonebilliondollars... · Posted by u/alexrustic
bnycum · 21 days ago
"The average American household spent $87,432 in 2021." That number seems awfully high to me? That's more than I am seeing the average household makes in 2023.
haizhung · 21 days ago
You just discovered the difference between average and median :-)

For the average, Jeff bezos is pulling it up.

haizhung commented on Australia widens teen social media ban to YouTube, scraps exemption   reuters.com/legal/litigat... · Posted by u/Brajeshwar
alt227 · 25 days ago
> These videos in early stage of childhood has a very strong impact on environmental awareness and vocabulary of the children.

I just managed to navigate the entire preschool age range without my children seeing a single cocomelon video on youtube. Its surprisingly easy, and makes me really wonder why people are complaining. Its as if they feel like they have to show these videos to their kids or something.

Dont people have a slop filter? Or are they just opening the youtube kids app and blindly handing their phone to a preschool child to watch whatever they want?

haizhung · 25 days ago
The parents putting these videos on autoplay are usually the ones who can’t afford to spend quality time with their kid.

Yet their kid demands attention. So they put the phone in front of them to be able to do whatever they needed to do.

I don’t really blame them, in today’s economic climate there are a lot of people who have to struggle every waking second to get by.

haizhung commented on The patterns of elites who conceal their assets offshore   home.dartmouth.edu/news/2... · Posted by u/cval26
bboygravity · a month ago
Your reasoning is the exact reason that they left in the first place.
haizhung · a month ago
They can leave, their assets can not.
haizhung commented on Alice Hamilton waged a one-woman campaign to get the lead out of everything   smithsonianmag.com/innova... · Posted by u/Hooke
s_dev · 6 months ago
The whole lead poisoning scandals are really great examples of how capitalism/free markets have serious limits to what they can achieve. They should should be seen as a useful tool to help make certain markets more efficient and not as an ideology to embraced without limitations.

Even when consumers understood that leaded petrol for example was contaminating the air and water with carcinogens that harmed many many people especially babies and small children the market still had demanded leaded petrol and that demand was catered to by companies making huge profits and scientists deemed that there was no safe threshold.

It's been speculated that the fall of the Roman Empire can be partially attributed to prevalence of lead pipes and leaded drinking vessels. When a critical mass of elites/rulers have lead poisoning there was a subsequent collapse of those societies.

In short it's basically a national security issue even if it does make fuel cheaper and more effective.

haizhung · 6 months ago
My personal stance on this: Capitalism is extremely good at hill climbing within a certain constraint set. Almost like a constraint satisfaction algorithm.

However, if the constraints are ill-posed (eg. it is possible to externalize certain costs, by outputting co2, using lead, etc.) it WILL eventually do that.

IMHO capticalism CAN work but it needs a strong government that sets the constraints to the benefit of its people. And updates those constraints once new information becomes available.

This is in stark contrast to the often seen „just deregulate everything and line goes up“ stance. This will just create a degenerate solution (monopolies, climate change, financial crises, etc).

haizhung commented on TikTok goes dark in the US   techcrunch.com/2025/01/18... · Posted by u/mfiguiere
hunglee2 · 7 months ago
Bottom line is: it is reasonable for governments to exercise control over the information environment their citizens experience, especially when social media has such potential to sow chaos and instability.

Look at how the US internet fuelled the fires of the Arab Spring / HK protests / Jan 6th / Any number of colour revolutions in Europe. Even today, we see X being used as a platform to encourage protests against governments in UK and Germany. National sovereignty is contingent on digital sovereignty - everyone is going to need a firewall.

haizhung · 7 months ago
It seems you are being downvoted, but I see this similarly. Elon musk applying pressure in German elections or UK politics via X/Twitter is basically exactly the problem with foreign interests controlling your social media; so I kinda hope the ban does set an example for other countries.

Maybe, once the inflammatory platforms like X & Facebook are banned in the EU, then we can also get a social network that is not fueled by VC growth and engagement metrics; but can be run by a nonprofit or something. A man can dream.

haizhung commented on Books I Loved Reading in 2024   thoughts.wyounas.com/p/bo... · Posted by u/simplegeek
pknerd · 8 months ago
A kind of off-topic:

How do you, as a techie, find time to read most of the books? Any tips or hacks? Ryan Holiday once mentioned that he managed to read extensively by always keeping books with him, allowing him to read whenever he found some spare time.

haizhung · 8 months ago
I replaced my bed time routine. Instead of watching YouTube for 30 minutes I, I read a book for 30 minutes.

I was surprised just how much you can read with this amount of time investment. I read 12 books during that year; with 600 pages on average. It’s much quicker than you’d think!

haizhung commented on The end is nigh and here's why   experimental-history.com/... · Posted by u/danorama
vouaobrasil · 8 months ago
> If you have a vague feeling that your Bad Cup didn’t used to be so full, and then you conclude we’re slip-sliding toward catastrophe, you haven’t discovered anything. You’ve just taken your biases for a walk.

Or maybe we are seeing unprecedented levels of CO2, cleared land, and population? I guess that's just bias too, then, right?

An alternative explanation is that every time someone thought society was getting worse, it WAS, and here we are, at the worst point.

haizhung · 8 months ago
I am actually panicking as much as you are about it, but, thinking about it, maybe it is just bias?

Like, people in the 20th century were living in constant fear of mutually assured destruction for dozens of years. Is that better or worse than the guaranteed collapse of the ecosystem? I couldn’t tell.

But these days, no one really cares about a nuclear war, it seems, even if one of the nuclear power is currently fighting a war; and it’s appearing to lose it.

haizhung commented on Trump wins presidency for second time   thehill.com/homenews/camp... · Posted by u/koolba
guerrilla · 10 months ago
The entire world will be affected. Trade wars against China and Europe, the loss of Ukraine, the end of Palestine, war with Iran, potential dissolution of NATO and that's only what's likely. Who knows what other shit is coming down the sewer.
haizhung · 10 months ago
Not talk of basically losing all prospective of doing something against climate change.

u/haizhung

KarmaCake day292September 29, 2021View Original