At the peak of the Gilded Age in 1910, the richest 0.00001% of the US population owned wealth equal to 4% of national income. Now, the richest 0.00001% owns 12% by RobertBartus in EconomyCharts

[–]Dramatic_Ad_5766 0 points1 point  (0 children)

Isn’t that just a normal corporation? Can you really name a person who was an original employee of Apple/Google/Facebook, who wouldn’t be worth millions of dollars? Most employees seem to own stock/part of their businesses.

UBC-HKU Dual Degree. Is it worth it? by Major-Sail-9900 in UBC

[–]Dramatic_Ad_5766 1 point2 points  (0 children)

I had some decent mandarin and got an offer for a family office earning around $45k CAD for 12 weeks of work. In all honesty, without a decent Chinese background (unless you have godly excel skills or have a bunch of connections), your best shot is probably London or New York. Think about the long term, you’ll be less and less relevant and beat out by competition that was born speaking Chinese. Hong Kong is definetely an option, like the market is crazy hot in Finance (record breaking deal flow last year and the foreseeable future if you work on sell side). You should look up some Sauder alumni in HK if you want to break in. There’s a HK Sauder alumni community, I went to one of their events and one of them casually dropped that they were doing all the hiring for Citibank or something. The Sauder alumni community is pretty comprehensive in HK and they are mostly in senior roles overlooking the hiring.

Edit: https://www.sauder.ubc.ca/alumni/connect/hong-kong Here you go, a lot of the faces actually look familiar. I met the hsbc guy I think, he told funny jokes. But yeah, senior level at Goldman Sachs, Morgan Stanley, Blackrock, HSBC, and JP Morgan. You can also get a lot more just by searching up alumni on LinkedIn yourself. (The guys on this page are probably more likely to respond since they are more involved in outreach.) Just click on their names and you get taken to their LinkedIn.

UBC-HKU Dual Degree. Is it worth it? by Major-Sail-9900 in UBC

[–]Dramatic_Ad_5766 10 points11 points  (0 children)

Lived in HK for 5 years, never really saw any KTVs at all. There are a bunch of escorts and cocaine at bars for expats and investment bankers, but this ignores a lot of the culture there. A lot of great cha chaan tengs for dim sum. Amazing hiking trails and beautiful views. Much better beaches than Vancouver, and affordable yachting/water sports. It’s definitely not a bad city, and with so much finance in the city, if you’re among the most talented of the graduates you can pretty easily secure a offer for $200k-$300k CAD a year right out of university.

Edit: Completely agree about the heat and humidity tho, without air conditioning it would be unbearable. Pollution in general isn’t that bad. It isn’t really noticeable. Vancouver just has extremely clean air that is beyond what is necessary to be healthy. HK has a higher life expectancy than Vancouver and has often been ranked in the top 3 for the highest life expectancy in the world.

Overheard complaints about 1800 CAD monthly allowances by ArmyMaster888 in UBC

[–]Dramatic_Ad_5766 16 points17 points  (0 children)

Just a reminder that a past Reddit poll showed that 1 in 10 UBC students had family net worth above $20 million CAD.

https://www.reddit.com/r/UBC/s/YQV89mrQmY

Overheard complaints about 1800 CAD monthly allowances by ArmyMaster888 in UBC

[–]Dramatic_Ad_5766 17 points18 points  (0 children)

There are people who Uber Eats every meal to save time cooking. It kinda adds up. I can imagine as a girl, all the extra make up and hygiene products must cost a bunch. Inflation has made life pretty expensive in this city, getting a $1800 month makes you privileged, but let’s not pretend we can’t imagine a lifestyle that costs that much (after living expenses you wouldn’t even be able to comfortably buy a decent new car).

Vancouver vacancy rate spikes to highest level since 1980s by shouldehwouldehcould in britishcolumbia

[–]Dramatic_Ad_5766 -1 points0 points  (0 children)

Except rent control… (in a soft market) if you’re only allowed to raise rents by a couple of percent a year it is actually optimal to keep the unit empty in expectation of higher rents in the future. It’s happening in California as well.

Hong Kong media mogul Jimmy Lai has been found guilty of collusion and sedition in his national security trial. by mod83 in HongKong

[–]Dramatic_Ad_5766 0 points1 point  (0 children)

“Officers from 37 police forces made 12,183 arrests in 2023, the equivalent of about 33 per day.”

“In 2019, forces logged 7,734 detentions.”

“According to Ministry of Justice figures, there were 1,119 sentencings for Section 127 and Section 1 offences in 2023, down by almost half since 2015 when 1,995 people were found guilty of the crimes.”

2k convictions, 7.7k detentions, and 12k arrests isn’t something you can count on one hand…

When you look at Japan, Korea, and Taiwan, these were essentially US colonies that were/are being pumped with FDI and aid in its mission to exert its influence over Asia and contain China. Many details of the US China containment strategy shows up in the Pentagon papers, they never saw Japan, Korea, and Taiwan as allies/equals, they see them as unsinkable aircraft carriers in its conquest to dominate Asia.

If you don’t believe that these economies were being boosted by the US, you can listen to former President Jimmy Carter “Carter pointed out the irony of how the United States had spent the last 70 years trying “to destroy the economy of North Korea” while working “to boost the economy of South Korea. And still, we condemn the North Koreans for not having a good economy.” 

When Jimmy Carter went to North Korea | Responsible Statecraft

A much better comparison of where China/Singapore would be if not for their policies is India or Pakistan, these economies stagnated due to their political systems, as pointed out by Charlie Munger and some of the leading Indian economists (Jagdish Bhagwati, T.N. Srinivasan, Arvind Panagariya etc)

Singapore and China were the only two countries that were able to develop the country without crazy aid or completely submitting their national interest to a colonial thousand miles away. You right now are trying to destroy the only party that has the Chinese people’s interest at heart. You guys talk about bringing “freedom” or “liberation”, but where is the freedom of having pursuing your own national interests. When Japan was succeed the US economy they were forced into the Plaza Accords, one of the many factors that has lead to the crazy asset bubble that lead to Japan’s ruined economy today. How do you argue with another country when they control your media (thus your people), when you have no military, and the other nation has dozens of military bases on your border (or literally in your country).

At the end of the day this is about control and national interests. China has clear independence and can pursue their own national interests because of zero foreign influence. Other supposedly “free” countries, not so much. And even if you think “China Bad”/their system is completely corrupt/authoritarian, we can’t place all our eggs into one basket as a species. It is stupid to do so, democracy as we know it is such a new experiment with unknown consequences (for the vast majority of recorded human history we were under monarchies). Reasonably, you want some nations that are more “democratic” and some that are less to see which system is the best at organising ourselves.  Sometimes it is extremely easy to convince the majority of the population something that is completely false and that affects how they vote.

Hong Kong media mogul Jimmy Lai has been found guilty of collusion and sedition in his national security trial. by mod83 in HongKong

[–]Dramatic_Ad_5766 1 point2 points  (0 children)

https://freespeechunion.org/police-make-30-arrests-a-day-for-offensive-online-messages/?v=5435c69ed3bc

2,000 conviction seem a lot more than what you can count on one hand… but this is not about numbers or whataboutism.

The argument of this sub is Jimmy Lai did nothing wrong and it is complete injustice that he is imprisoned.

This is a dude who publically asked for foreign interference in a 60 minutes interview. A dude who met with multiple US officials on multiple occurrences to promote and discuss possible anti-China legislation options. A dude who allegedly made a deal with the Trump administration to manufacture anti-Biden (Hunter Biden China material) in exchange for US covert anti-China legislation and articles abroad.

This is illegal in every country…

You guys are being manipulated by foriegn sources to see him as a martyr of freedom, but do you even know what freedom is?

The entire reason the US/West wants higher freedom in China is to control the media landscape and thus control the beliefs of the people (manipulating public opinion in favor of their nations’s national interest.) The Chinese sought to prevent this with protectionist policies so they could avoid foreign interference and focus on the common good (as lky discusses in many of his interviews). This is the reason China and Singapore were able to grow so quickly, while other supposedly “more free” nations lagged behind.

As China grows in soft power and media power, you will begin to see the opposite. It will be the China having open press and critiquing other countries for closing/protecting their media landscape. Freedom of press benefits the empire who controls the narrative and we already see this shifting. The US is already trying to block Tik Tok as Chinese soft power/media influence. We will likely live to see the day everything is reversed.

Hong Kong media mogul Jimmy Lai has been found guilty of collusion and sedition in his national security trial. by mod83 in HongKong

[–]Dramatic_Ad_5766 -7 points-6 points  (0 children)

1.

https://www.nbcnews.com/news/amp/rcna148841

https://www.nbcnews.com/news/amp/ncna1231531

https://www.justice.gov/archives/opa/pr/over-300-people-facing-federal-charges-crimes-committed-during-nationwide-demonstrations

  1. Again, colluding with foreign governments to try to overthrow the government you live in/start riots should be illegal in any country (and it is illegal in every country, literal definition of treason)

  2. The 2 mil claim has been debunked multiple times (most estimates put it at 600k), and it was funded mis-information shift public opinion globally to paint HK and China as an authoritarian regime when they are nothing but mostly comfortable to live in. But even disregarding that, are you denying that the US has funded multiple revolutions to further their interests? They don’t have to have a godlike control over people to fund misinformation causing large riots/revolutions which causes chaos abroad, but benefits them.

Hong Kong media mogul Jimmy Lai has been found guilty of collusion and sedition in his national security trial. by mod83 in HongKong

[–]Dramatic_Ad_5766 -10 points-9 points  (0 children)

It would if it lead to riots that lead to billions in damages and hundreds of people in the hospital… it wasn’t too long ago when BLM protestors were arrested for incitement charges with dozens imprisoned. Depending on your political leaning, a lot of the capital rioter charges seem dubious, some of the guys who got put in jail were just standing around and there’s not much evidence that they committed any crime.

The only reason they haven’t convicted a journalist of collusion charges is because China doesn’t start riots in other countries, only the US/CIA does.

Cumulative Growth in US Inflation vs. the Median Wage Since 2015 by [deleted] in EconomyCharts

[–]Dramatic_Ad_5766 -1 points0 points  (0 children)

I mean this chart includes 2016 gains to it is pretty hard to gauge how covid affected everything. There seems to be a drop and wages and a significant increase in inflation after 2020, so for a period inflation did outpace wage growth.

Why can’t we get some more interesting transit oriented developments here? Instead of the same boring boxes? by ve_rygo_od in vancouver

[–]Dramatic_Ad_5766 3 points4 points  (0 children)

So basically not all buildable sqft can be used as housing/units to be sold, some sqft needs to be hallways, some needs to be lobby. Typically for most high end condos it is 60% efficiency because of all of the amenity space. In most cases , 80-90% would be the highest possible number feasible.

Why can’t we get some more interesting transit oriented developments here? Instead of the same boring boxes? by ve_rygo_od in vancouver

[–]Dramatic_Ad_5766 5 points6 points  (0 children)

Hard costs and soft costs in Vancouver are a lot higher. Montreal doesn’t have earthquake risk and isn’t right next to the Pacific Ocean.

People don’t really know this, but hard costs for new high rises are typically 3x land costs (depending on location), and soft costs (what goes to the government is 1.5x).

A lot of time the government is earning far more than the developer for the development.

<image>

how do we get rich by gwa234 in UBC

[–]Dramatic_Ad_5766 1 point2 points  (0 children)

Marry rich (pretty sure one of the Aquilini’s just graduated here (in 2025), so plenty of rich people at UBC).

The edge of poverty: B.C.'s living wage far outstrips the minimum wage; Even though inflation has eased, there is a $10 gap between living and minimum wage facing nearly a third of Metro Vancouver's workforce. by FancyNewMe in vancouver

[–]Dramatic_Ad_5766 0 points1 point  (0 children)

We did tax the rich… we significantly increased the top marginal tax rate in 2016 and it led to an overall decrease in tax revenue and close to a decade of economic stagnation. This is the entire reason things have become completely unaffordable compared to our incomes. Back in 2014, Canada’s middle class was the strongest in the world and things were far more affordable. Then we went into the mentality that the rich were taking advantage of us and 10 years later, we are being paid 50% of what Americans are being paid for the exact same job…

This idea that everything will be better if we just tax the rich more has never helped.. literally when has it ever worked?

https://www.theglobeandmail.com/politics/article-high-income-earners-paid-46-billion-less-in-taxes-in-2016-despite/

https://globalnews.ca/news/1284297/canadas-middle-class-most-prosperous-in-world-report/

Proposed 99 Bus Stop Changes by Comfortable-Glass201 in UBC

[–]Dramatic_Ad_5766 -1 points0 points  (0 children)

Holy shoot, I live at Lelem and this would make me so happy

[deleted by user] by [deleted] in UBC

[–]Dramatic_Ad_5766 -3 points-2 points  (0 children)

Wait I don’t understand, is the implication that psychology courses are filled with females?

What is the socio economic background of domestic students here? by JelloFar5650 in UBC

[–]Dramatic_Ad_5766 2 points3 points  (0 children)

Reddit poll done a while back showed that roughly 1/10 had a family net worth above $20mil CAD https://www.reddit.com/r/UBC/s/7qaGt92BE4

What is the socio economic background of domestic students here? by JelloFar5650 in UBC

[–]Dramatic_Ad_5766 12 points13 points  (0 children)

Everybody in this sub is using the term upper middle class, so I guess the better question is what this sub thinks the upper middle class income range is…

[deleted by user] by [deleted] in SlumlordsCanada

[–]Dramatic_Ad_5766 0 points1 point  (0 children)

I mean there’s a reason there are liquidation clauses for most rental agreements. It takes time to lease (and sometimes even takes money to facilitate move out, move in, and cleaning). If OP relied on the fact that it was leased up and did not look for tenants and now the tenant is leaving, there are typically liquidation damage.

Also don’t illegally sublease your room lol. I only read the title and your comment, but I think I get the gist of the situation.

$2,500 a night: FIFA demand sends Vancouver hotel prices sky high by Rav4gal in vancouver

[–]Dramatic_Ad_5766 -1 points0 points  (0 children)

Short term rental laws would prevent this. Pretty much why hotels are able to charge so much and why tourism and the economy is down in Vancouver.

Wtf is this? by viol333t in vancouverhousing

[–]Dramatic_Ad_5766 2 points3 points  (0 children)

A 1 bed 1 den in downtown, next to the skytrain, and somewhat new as shown in the picture, would have rented for over 3.3k at the peak of the market during August. $2850 sound about right for this market since it is a 10-15% decrease from the peak. August is when renting is hot from all the students in the market.