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speakfreely commented on Six months into tariffs, businesses have no idea how to price anything   wsj.com/business/retail/t... · Posted by u/JumpCrisscross
ehnto · 2 hours ago
I do see your point, but it's highly unlikely that they are putting their wealth into a HISA for 30 years. There is likely 0 people who got to UHNW through saving money.
speakfreely · 2 hours ago
Completely agree with you. Which it why I mentioned measuring wealth by income shows a disconnect from what real wealth is.
speakfreely commented on Six months into tariffs, businesses have no idea how to price anything   wsj.com/business/retail/t... · Posted by u/JumpCrisscross
simonh · 4 hours ago
The fundamental question is who gets to start, control, own and grow businesses. Who makes those decisions? If it’s not private citizens, it is government functionaries. The latter has been tried many times. It can just about work, but only barely, and it has all the same problems of patronage, cronyism, monopolisation and labour abuse as capitalism but x10.
speakfreely · 3 hours ago
Capitalism is a morally reprehensible way to distribute resources in a society, but still better than any of the alternatives.
speakfreely commented on Six months into tariffs, businesses have no idea how to price anything   wsj.com/business/retail/t... · Posted by u/JumpCrisscross
anecdatas · 4 hours ago
As a wealthier person (income of ~1m/year, give or take), I could not more strongly support Mamdani (no 'h' in Zohran's last name afaik). I want a candidate like him in my city to vote for.
speakfreely · 3 hours ago
If you're still measuring wealth by income, you're probably not in the bracket that is being discussed here. $1 million per year is an extremely comfortable income, but it would take 30 years of saving that, post tax, before you hit $30 million in net worth, which is the entry point for UHNW status.
speakfreely commented on Ask HN: Why does the US Visa application website do a port-scan of my network?    · Posted by u/mbix77
giantg2 · 11 days ago
I don't see how blaming the pre-existing website on the current administration makes sense.
speakfreely · 11 days ago
It's not new. Rabid ideologues on the other side blamed Obama for things that pre-dated his administration, as well. Some people just can't be rational when it comes to politicians they don't like.
speakfreely commented on Is air travel getting worse?   maximum-progress.com/p/is... · Posted by u/mhb
BobaFloutist · 15 days ago
I mean the bags have barcodes with their destination on them.
speakfreely · 15 days ago
Of course, but no one is taking the bag physically so its destination. They're putting them on moving pathways that are matched to ever-changing information about gates, flight numbers, etc.

Flights arrive early or late or never at all, gates change frequently due to airport congestion. And the workers who are managing this are not known for their precision, so it has to be a super fault tolerant system.

speakfreely commented on Is air travel getting worse?   maximum-progress.com/p/is... · Posted by u/mhb
sans_souse · 15 days ago
How have we not solved the issue of getting everyones baggage off the plane in a timely manner. We've been using these conveyor belt-carousels for over 50 years and the same process for loading and unloading, but people shouldnt have to plan on waiting 45+ minutes after they deplane for their personal belongings in 2025. Lost luggage? The whole system seems archaic to me.
speakfreely · 15 days ago
If you think about the complexity of routing bags from a single plane on to potentially dozens of connecting flights and onto the non-connecting carousel, it's actually amazing that the process is not screwed up more frequently.
speakfreely commented on California unemployment rises to 5.5%, worst in the U.S. as tech falters   sfchronicle.com/californi... · Posted by u/littlexsparkee
exabrial · 15 days ago
Literally no jobs are going away due to AI.
speakfreely · 15 days ago
"Jobs going away due to AI" really tracks two different outcomes:

- The type of job is eliminated due to AI

- The amount of people doing a type of job is substantially reduced because AI increases the productivity of people in that role and companies can do the same amount of that work with less people

I think the former is extremely limited so far, but the latter is pretty substantial. I didn't downvote you, but I imagine the people that did probably did so to reject the former argument.

speakfreely commented on ‘I witnessed war crimes’ in Gaza – former worker at GHF aid site [video]   bbc.com/news/videos/cy8k8... · Posted by u/nathanyz
johnisgood · a month ago
I only know the history, I do not know what exactly is happening today.

It is still sickening (in my humble opinion) that many people straight out tell him that they want children to die, but only Palestinian children.

speakfreely · a month ago
That's why I say the war is already over. Hamas won. The Israeli public is too enraged by Oct 7 and it can't pursue a long term goal because it has to feed the need for vengeance. The only group that truly benefits from continued conflict is Hamas, everyone else is a victim of circumstance.
speakfreely commented on In a First, Solar Was Europe's Biggest Source of Power Last Month   e360.yale.edu/digest/sola... · Posted by u/Brajeshwar
mrtksn · 2 months ago
It's OK to be inefficient sometimes.
speakfreely · 2 months ago
Everyone feels this way until they personally have to pay more money for something.
speakfreely commented on US Supreme Court limits federal judges' power to block Trump orders   theguardian.com/us-news/2... · Posted by u/leotravis10
greeneggs · 2 months ago
> I doubt anyone would dispute that public benefits flow disproportionately to those 72 million households for obvious reasons.

I would dispute it. One of the main public benefits, if not the main benefit, is protection of property rights. Those with the most property disproportionately take advantage of this protection.

Are you deliberately confusing taxes with federal income tax?

speakfreely · 2 months ago
Yes, you can twist public benefits to mean whatever you want. The commonly accepted definition, also the first result on Google, reads "Public benefits are forms of assistance provided by the government to individuals and families, often based on need, to help with various aspects of life, such as food, housing, healthcare, and financial stability. These benefits are typically funded through taxpayer dollars and aim to alleviate financial burdens and promote well-being." I think it's pretty clear that's what everyone is talking about here.

Are you trying to imply that the people who don't pay federal income tax have heavy state tax burdens? Or you think they're making a dent with their sales tax contributions? The only thing that everyone pays indirectly or directly is property taxes, which averages to about 1-2% of income. Again, nothing close to federal income taxes (for those that pay them).

u/speakfreely

KarmaCake day787June 4, 2022View Original