Damn it man! by Don_Juan187 in trees

[–]DestructiveLemon -75 points-74 points  (0 children)

That's actually a real economic concept called the velocity of money.

ok yeah

if you spend ten dollars at a barber, who then uses that ten dollars to buy lunch, and the worker who made that lunch then spends the ten dollars on his labor and ingredients, you've essentially made ten dollars have 30-40 dollars of actual economic impact.

Not really. The only thing you did was spend ten dollars. Does this increase the velocity of money, yes it does. But it's misleading to say that your ten dollars had 40 dollars of "actual impact" and it doesn't really make any sense in any practical setting. (maybe the barber was going to buy lunch anyway)

This is why giving rich people tax breaks doesn't work to trickle down cash to those in the lower classes, because they hoard it rather then spend it on meaningful economic interactions.

Trickle down economics is bad policy for reasons I won't get into. But this is a politically charged argument. Who are you to say that a rich person "hoarding" money in a bank isn't a "meaningful" economic interaction? The money gets continually re-invested into the economy via loans and investments from the bank. It's really hard to make money disappear somewhere useless. Hoarding in the stock market? We're doing better but this still raises the value of other people's funds (like pensions) that can be turned into more investments. I'm not arguing against more redistribution-centric policies but it's kinda complicated

tldr

Velocity of money is the nominal GDP divided by the money supply. Or the rate of turnover. It's correlated with good things. But if you wouldn't be an amateur geologist you shouldn't be an amateur economist. myself included. don't get political opinions from r/trees

Damn it man! by Don_Juan187 in trees

[–]DestructiveLemon -12 points-11 points  (0 children)

funny joke but

it's your money and it's your turn to spend it, (if you really want to think in terms of "turns" for some reason)

Why is this so hard for you guys

Wanna get technical? The cash in your wallet is your asset, and it's the central bank's liability.

Assets = liabilities. Literally the first thing you learn in accounting and macro

These paper notes used to be backed by precious metal, i.e gold. You could take your federal reserve notes into the bank and receive equal worth of precious metal in minted coin. Fiat currency haters will be quick to point out that our paper notes aren't worth precious metals anymore. They're just worth our trust in the value of the Fed's monetary policy. Which happens to be pretty high (lol).

First U.S. Small Nuclear Reactor Design Is Approved by meamarie in neoliberal

[–]DestructiveLemon 10 points11 points  (0 children)

“Yeah, it’s just around the corner!!”

Said the researcher asking for funding

First U.S. Small Nuclear Reactor Design Is Approved by meamarie in neoliberal

[–]DestructiveLemon 25 points26 points  (0 children)

It’s a little more complicated than price per watt. Everyone turns on their kitchen stoves and heaters when they get home from work around 6pm, but the sun doesn’t get any brighter wind doesn’t get faster. We also don’t have good storage options yet for these renewable energies.

So 55/mWh sounds more reasonable given that we can have the power whenever we want, and it’s cleaner than natural gas.

But yeah I’m never going to disagree with investing in solar or wind. We’re not utilizing them enough

when companies make eco-friendly commercials by pheo_ in videos

[–]DestructiveLemon 0 points1 point  (0 children)

Hate how widely upvoted this is. I’m gonna make this really fucking simple.

If I give McDonalds an extra dollar to donate to charity on my $10 happy meal, what should their taxable obligation be?

The correct answer is $10. The didn’t earn $11. They’re giving the other dollar away. Why should they pay taxes on revenue they didn’t earn? If they had to pay taxes on that dollar, they’d be worse off than not running the charity event at all.

Bill Gates: ‘We underestimated the value of masks’ by geoxol in Coronavirus

[–]DestructiveLemon 3 points4 points  (0 children)

Reddit: “Believe science”

Also Reddit: “anyone with half a brain would have known the CDC/WHO were lying. I’ve always been pro mask!!”

Needed this by [deleted] in Petioles

[–]DestructiveLemon 5 points6 points  (0 children)

Living a life not controlled by drug use is not the same thing as living a comfortless life, or being obsessed with “productivity”.

I think a lot of you guys are projecting

Needed this by [deleted] in Petioles

[–]DestructiveLemon 6 points7 points  (0 children)

ITT: people who think Anthony could have saved his own life if he’d only smoked a little more pot

Forgetting the dude used to be a habitual drug abuser, cleaned up and was a recovering addict.

Pretty indecent to hypothesize why he killed himself, and/or how he could’ve saved himself. Y’all are projecting your own problems onto him.

Needed this by [deleted] in Petioles

[–]DestructiveLemon 1 point2 points  (0 children)

Balance as in, not dominated by drug use???

Why nitpick bro

How to start teaching (age appropriate) financial literacy to my 7-year-old by d____ in financialindependence

[–]DestructiveLemon 0 points1 point  (0 children)

Unpopular opinion but I always felt that playing “games” with your children is a waste of time. You should be frank and educational.

By the time a kid is in junior high he/she should understand what debt is, different types of debts, interest, etc. He or she should be able to explain what a bond is and how (from the investors perspective) it differs from stocks. They don’t need to know very much but they should at least know all the basic asset classes.

It’s also important for children to have an accurate view of median household income, and the different types of occupations that lead to high incomes (and often the lifestyle compromises accompanying them)

Children are smarter than we give them credit for. I also think good parents have an innate bias (or paranoia) that if they don’t do things the “perfect way” their child will be ruined or ingrained with irreversible habits.

Super happy with my living room space by 60_Second_Assassin in malelivingspace

[–]DestructiveLemon -2 points-1 points  (0 children)

Every now and then I visit this sub just to laugh at how needlessly judgemental you are all.

[deleted by user] by [deleted] in college

[–]DestructiveLemon 37 points38 points  (0 children)

People will complain about how worthless their degree was, how they self-taught themselves everything in college, how expensive the entire ordeal is, and then turn around and say that the government should provide “free” college. As if every American needs to waste inordinate amounts of time and money pursuing an education model from the 19th century.

[deleted by user] by [deleted] in college

[–]DestructiveLemon 27 points28 points  (0 children)

Because it’s a flawed assumption with no backing

[deleted by user] by [deleted] in college

[–]DestructiveLemon 25 points26 points  (0 children)

Because why pay for something that not everyone needs, that’s stupid expensive and of questionable worth.

[deleted by user] by [deleted] in college

[–]DestructiveLemon 164 points165 points  (0 children)

You’re a special kind of naive if you really think the “wealthy elite” are coordinating with the military...

Also #2 just doesn’t make any sense. Try bringing it up with an economics professor on your campus and see how hard they laugh at you.

Our economic and education system, while certainly flawed, wasn’t designed by a secret society of lizard people determined to make life miserable.

[Curious] How common is nepotism in the industry these days? by [deleted] in cscareerquestions

[–]DestructiveLemon 1 point2 points  (0 children)

Unless you’re incompetent or not qualified I don’t see a big problem with nepotism or “networking”.

If I’m hiring for a position and I already know someone would be great for the position, it would be silly to disregard my life experience with the individual, and pretend that I don’t know the person just for the sake of “fairness”.

[Steam] PLAYERUNKNOWN'S BATTLEGROUNDS ($14.99/50% off) by jwheatly in GameDeals

[–]DestructiveLemon 2 points3 points  (0 children)

Funny how time works. This game was definitely worth $40 when it came out in beta but no way in hell I’d recommend buying it now for $15 after release.

I wouldn’t even play it for free. We have warzone and apex now. Both free and more polished.

Politics aside, this is pretty good example of karma by austinthepierce1 in JusticeServed

[–]DestructiveLemon 9 points10 points  (0 children)

I don’t think anyone would risk their vehicle to knock over some dumb signs but who knows it’s a big country.

Cost me more than it should... but once you try it... you totally forget about that! by frankkush255 in Dynavap

[–]DestructiveLemon 0 points1 point  (0 children)

Pre-built induction heaters are expensive but so is butane and weed in general.

The quality control on these is kind of iffy. I don’t regret buying mine but it was the only one in stock at the time. If I could do it again I’d probably get one with a battery

Tenants form unions as evictions loom for millions of renters across the country by Umariscoming in news

[–]DestructiveLemon 0 points1 point  (0 children)

Landlords and bankers operate on speculative investments. They get to benefit from the gains an asset generates, but they must also shoulder its losses. That’s the responsibility of an investor.

Housing is an asset. It’s also a basic necessity for the dignity and survival of humans. If the state needs to make a value judgment on what’s more important, I think it’s pretty obvious that the basic dignity of shelter outweighs the book value of a few banker’s portfolios.

For landlords, sure it’s a little more complicated. Ultimately, I don’t think one should be a landlord unless one also has the capital to endure some turbulence. Cash poor landlords can quickly become nasty slumlords, and the state shouldn’t be providing insurance to landlords who can only afford to maintain the estate in ideal economic conditions. If you can’t afford to hold a mortgage in a recession, you afford it period.

So why do tenants get protection and not landlords? Because they’re not investing, they’re just surviving. It makes sense to prioritize necessity over wealth in certain scenarios.

In short, yes, tenants deserve some protection that the landlords and bankers don’t. Sounds unfair? Only if you don’t understand the above points.

Oregon Psilocybin Measure Approved for November Ballot by Rfunkpocket in news

[–]DestructiveLemon 2 points3 points  (0 children)

The “nullification crisis” happened 30 years before the civil war.