You are replying to one of the authors of the original report...
I reckon the implication is that the titles are different in a way that changes the flavor of the report substantially.
Readit Newsinfinitecost commented on Cloudflare Hacked by Suspected State-Sponsored Threat Actor securityweek.com/cloudfla... · Posted by u/wslh
infinitecost commented on Limitarianism: The Case Against Extreme Wealth hive.co.uk/Product/Ingrid... · Posted by u/MaysonL
As I understand it, very few entrepreneurs ever said “this is interesting but if I can’t be a billionaire what’s the point?”.
Which are the examples driven by extreme wealth (note: not just regular 1%er wealth and not people who became extremely wealthy - I mean people who expressed that the reason they created something was because they knew it would make them extremely top-0.01% wealthy)?
I had a lucky exit and no longer need to work. I now only consider working on something if it could increase my net worth by an order of magnitude or so — because if it won’t make me a billionaire why bother working?
I’d rather do art or open source or go fishing.
(That’s not quite what you asked but I don’t know how many actual billionaires will read your comment so figured I’d chime in — to me it doesn’t seem unreasonable that calling wealth would change what people work on and how much they produce.)
infinitecost commented on Limitarianism: The Case Against Extreme Wealth hive.co.uk/Product/Ingrid... · Posted by u/MaysonL
"Everyone driving slower than me is a slowpoke, everyone driving faster is a maniac"
This was on full display back in 2017-2018 when tax code was changed to limit the amount of State and Local taxes (SALT) that could be deducted from your Federal tax liability. The original SALT deduction, before the change, clearly benefited the wealthy, with large mortgages and living in high-tax (read: expensive) areas.
Cue articles like this one [1], which shows just how out of touch the wealthy can be:
> estimate the tax law’s impact on the value of a theoretical house in the New York City suburb of West Orange, New Jersey, purchased for $800,000 in 2017 by a theoretical family with a $250,000 annual income. Those home value and income numbers are very high by national standards — but middle class by the standards of large parts of suburban Essex County.
In 2017, $250K/HHI was in the top 5% of the entire US. Someone living in a house that cost 3X the median house, in one of the richest areas of the country, making more than 95% of everyone else considers themselves 'middle class'.
[1] https://www.propublica.org/article/trumps-trillion-dollar-hi...
> Cue articles like this one [1], which shows just how out of touch the wealthy can be
Cue comments like these that show just how out of touch people can be I guess.
These people are not meaningfully wealthy. They have no more power than the next 5% down the ladder. Even among the top 1%, 90% are not meaningfully wealthy in terms of the power they can exert.
The idea that some poor bozo with a mortgage on an $800k house is wealthy for any useful definition of the term is nonsense.
The other day, I paid cash at the local Chinese-American place, and the owner said "thank you for using cash, it helps small businesses", which took me by surprise. So I asked how much card processors charge, and she went on a bit of a rant, listing processing fees for everything from regular debit cards* charging 3-4% to rewards credit cards being around 7% to special international or world credit cards charging something like 17%. And most of them have a very narrow window to correct or void the transaction. With such rent-seeking behavior by banks, I very much understand wanting to keep cash around.
* Debit cards charged as debit, by entering a PIN. Some terminals allow you to "bypass PIN" and/or automatically charge debit cards as credit. I don't know, it's shady.
What part of the world? In the US at least this experience would only apply to a business owner that was getting absolutely fleeced by their processor.
infinitecost commented on Juno – A YouTube Client for Vision Pro christianselig.com/2024/0... · Posted by u/axxl
Just wondering, how does the logistics of pricing it at a one time purchase work? Isn’t there a $99/year Apple developer program?
It’s $5. Can you imagine it remaining supported in 5 years?
I don't think this poster was calling for removal of cars or whatever, just pointing out that it's possible to build your life without them. For at least some people.
There's certainly tradeoffs. Where I live, I could do many things with transit, but hours of operation are very limited, and direct routes are very limited. Sometimes, I can take transit to the airport and it makes sense, but on my most recent trip, getting to the airport would have been very stressful as the ferry canceled most of the morning runs on short notice and AFAIK, there's no reasonable alternative route without a private car. On the way home, there's no transit on my side of the ferry on a Sunday, and even if there was, it ends hours before I get there. If I needed to build my life around transit, I'd need to fly only during limited hours and not have any scheduling mishaps, spend nights in hotels a ferry away from my home, or move to a more transit accessible home.
At the same time, I don't complain that NYC doesn't accomadate my life built around cars. I choose a life built around cars, and so I avoid built up urban areas whenever possible. I hate paying for parking, so going into the city needs a good reason, and I would never want to live there.
The person you’re responding to is one of those people. Don’t waste your time.