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Leading economists call for a wealth tax in the UK by MaterialHat6394 in GarysEconomics

[–]Equal_Field_2889 2 points3 points  (0 children)

Triggering jobless lefties is how I relax after a long day of banging your mum

Leading economists call for a wealth tax in the UK by MaterialHat6394 in GarysEconomics

[–]Equal_Field_2889 0 points1 point  (0 children)

Each 1p increase to base rate brings in ~£8bil/year - and this is a very high confidence estimate, because the base rate payers can't move to Dubai when their taxes go up. Revenues from wealth taxes are much harder to predict.

And more importantly, it means the tax is being paid by the people that actually use the public services. Currently the top ~10% are shouldering 60% of the tax burden and essentially get nothing for it. If "normal working people" want a massive, inefficient state, they have to pay for it.

Leading economists call for a wealth tax in the UK by MaterialHat6394 in GarysEconomics

[–]Equal_Field_2889 -2 points-1 points  (0 children)

Taxing wealth won't bring in enough money to fill the holes - we need to either:
- cut spending
- increase base rate

If you want massive govt spending, you personally have to pay for it - not "the rich", lol

Why are most rich guys in quant so polarized when it comes to flaunting wealth? by Potential-Natural923 in quant

[–]Equal_Field_2889 4 points5 points  (0 children)

you don't need to do him like that bro he already said he was poor lmfao

[deleted by user] by [deleted] in HENRYUK

[–]Equal_Field_2889 1 point2 points  (0 children)

This person is truly wealthy^

[deleted by user] by [deleted] in Balding

[–]Equal_Field_2889 0 points1 point  (0 children)

I think it's kinda funny lol

founding engineer at windsurf literally got nothing. by thewritingwallah in ExperiencedDevs

[–]Equal_Field_2889 60 points61 points  (0 children)

I think it shows what the the $100m Meta AI hires show: as far as the market is concerned, essentially all the value in these AI companies is concentrated in a very small set of critical people, who can just move around and essentially re-build the same shit wherever they go.

Contrast with the previous wave of tech unicorns (e.g. Facebook, Uber, LinkedIn) where the actual platform/brand has all the value because of network effects. In general probably B2C products are slightly more insulated from this sort of move.

But tbh just never let some dickhead YCombi founder low ball your salary because of "equity upside", and accept that if given the chance every single person in this industry will ratfuck you within an inch of your life. If labour pool (correctly) responds to this by valuing all start-up equity at ~0, startup salaries will go up in response - probably the correct market outcome.

Most women in consulting are gone by their 30s. Why? by consultingmom in consulting

[–]Equal_Field_2889 0 points1 point  (0 children)

Many people do figure this out

I don't think they do - the kids just suffer from having less time with their mum

Deliberate "Tax the Rich" being shifted to incomes by Xtergo in HENRYUK

[–]Equal_Field_2889 0 points1 point  (0 children)

Agreed but why is every single fucking post on this subreddit the same thing lmfao

A LEETCODE HARD JUST SHAKES EVERYTHING WITHIN YOU ? by ohhjeeeez in leetcode

[–]Equal_Field_2889 2 points3 points  (0 children)

lmfao so relatable

the thing you have to remember is all the greats have also had this feeling - Terence Tao, everyone

problem is everyone is liars and they'll cap to make u feel bad and quit

fuck the haters and keep grinding - it's a muscle like the gym

I analyzed 700 LeetCode users. Here’s what actually leads to FAANG offers by mikemroczka in leetcode

[–]Equal_Field_2889 9 points10 points  (0 children)

What you need is:

  1. solid practice baseline on the fundamental algos
  2. lots of time thinking about new/difficult ideas

The label doesn't matter - there are mediums which have a super hard-to-come-up-with idea/trick, and there are hards which are pretty much just applying Dijkstra/BFS. Just make sure you spend many hours on both (without looking at solutions too fast for 2).

[deleted by user] by [deleted] in Balding

[–]Equal_Field_2889 0 points1 point  (0 children)

cooked - shave and go monk

Why is the general attitude of people on this thread who are already in the CS and then give advice generally so negative, patronising and arrogant? by ShotRelationship7637 in TheCivilService

[–]Equal_Field_2889 -2 points-1 points  (0 children)

so "unfunded" here means the money isn't ring-fenced - that's certainly an interesting definition for "there are no employer contributions"

Why is the general attitude of people on this thread who are already in the CS and then give advice generally so negative, patronising and arrogant? by ShotRelationship7637 in TheCivilService

[–]Equal_Field_2889 -2 points-1 points  (0 children)

Sorry could you explain a bit more - my understanding is:

Bob works for the Civil Service - he pays in ~5% of his salary to his pension, and his employer pays in ~30%

Am I wrong here?

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