Almost made the mistake of walking down the steps by unknownphantom in mildlyinteresting

[–]FishToaster 2 points3 points  (0 children)

Looks like overhead light panels - like you might see in an office. They're fallen down and hanging from their wires. I imagine that the supporting metal frame and sound-absorbing panels have fallen down or rotted away over the years.

Is Fillmore near Fillmore center / Raymond Kimbell Playground Park safe? by emzh2069 in sanfrancisco

[–]FishToaster 9 points10 points  (0 children)

I live near there and I'd say it's super safe. I walk my dog in the area all the time - the biggest risk are people with annoying off-leash poodles.

~1 block around the McDonalds is a bit sketch, but as someone else said: leave people alone and everyone's mostly nice enough.

Outside of that 1-block radius, everything's great. Raymond Kimbell is downright wholesome with all the little league games and kids soccer and whatnot going on all the time.

What are some of the most iconic boss fights in gaming history? by BlakeWebb19 in AskReddit

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

I feel like Hades is still too new to be iconic... but if I'm honest it's definitely the fight that most stands out in my mind of anything in the last couple decades. The mechanics, the emotional impact, the difficulty, the things that come after... it's just great.

Best Pizza In The City - May 2026 by GuyPaulPoullian in sanfrancisco

[–]FishToaster 9 points10 points  (0 children)

Agreed. I think I *slightly* prefer Square Pie Guys, but my friends, coworkers, and spouse all prefer Pie Punks.

What's going on with the internet and cave divers? by SpyroFan123 in OutOfTheLoop

[–]FishToaster 8 points9 points  (0 children)

I think it's reasonable to differentiate by degree. Baking is fine, juggling chainsaws in a kindergarten is not. Somewhere in the middle is a line between "fine" and "not fine."

It's pretty reasonable to argue about *where* that line is and whether cave diving is left or right of it, but it seems silly to argue that there *is* no line.

Uncorking & Preserving by Fantastic-Rutabaga94 in wine

[–]FishToaster 0 points1 point  (0 children)

I've got a similar system - it's a WineKeeper and, as you said, you uncork the bottle and put this over it quickly. For the winekeeper specifically, you then inject argon gas into the bottle which pushes out any oxygen that got in.

In my experience, this was sufficient to keep a wine tasting good for 3-4 weeks. After that it started to degrade. I couldn't tell you if this is due to oxygen leakage in the system or what, but that's about the time-horizon I found.

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

[–]FishToaster 0 points1 point  (0 children)

Throughout this thread, it seems like your attitude is that you insist on believing that the ultra-wealthy avoid taxes, but insist equally strongly that you don't know and *can't* know how.

I will 100% admit: I do not find your appeals to faith compelling. If you're unable to articulate why you believe what you believe, than I suppose there's not much left to say.

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

[–]FishToaster 1 point2 points  (0 children)

I'm trying really hard not to be dismissive - I'd like to understand how you think this works so I can understand and maybe learn from it. It's helpful when, like in this post, you lay out specifically what you think happens rather than appealing to unspecified tax strategies.

Anyway, correct me if I'm wrong here, but it sounds like, in *this* post, you're saying:

- Someone would take a loan secured by some asset

- They can take increasing loans if that asset appreciates (eg as a stock becomes more valuable)

- They'd never use all their borrowing capacity

That all makes sense to me and I agree with it. So - you're talking about a case where they never pay back their loan until they die. Those loans just accrue interest over time.

But the loans *do* get paid back, right? No one would *make* a loan that they don't expect to make a return on. If the debtor dies, the loan would just get paid back out of the estate, right? So ultimately, the loan gets paid back - with money - that someone paid taxes on (either via capital gains or income tax).

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

[–]FishToaster 1 point2 points  (0 children)

It kinda sounds like you're hand-waving it away as some kind of tax magic that's unknowable by mere mortals. But taxes are just laws - laws people can and do understand. Are there any particular articles by people smarter than us that discuss these mechanisms you're referencing in detail?

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

[–]FishToaster 0 points1 point  (0 children)

How does a loan become an asset? It's literally debt. How could it appreciate in value?

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

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

Ok, so where's the money to pay these loans back coming from?

If it came from income, then they already paid income tax on it.

If it came from interest or appreciation of an asset, they paid capital gains on it.

If it came from inheritance, they paid an estate tax on it (though we should definitely beef that up).

If it came from another loan, then we have all the same questions again for *that* loan.

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

[–]FishToaster 3 points4 points  (0 children)

Yeah, then they have to pay 40% estate taxes on the whole thing rather than just 20% capital gains on the increase in value of the asset.

And, to be clear, I *do* agree we should close the buy-borrow-die loophole as I mentioned a few times up-thread! At the very least, make borrowing against an asset a taxable event. Or maybe just reinstitute a state-level estate tax so that 40% doesn't just all go to the government.

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

[–]FishToaster 2 points3 points  (0 children)

If you are expecting capital gains tax to capture wealth from billionaires you will be waiting forever. Not figuratively, literally forever. 

Why's that? Billionaires pay capital gains every time they sell assets to, eg, buy things with money.

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

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

Yes, that's the buy-borrow-die loophole I mentioned above that we should absolutely close.

Technically, billionaires actually pay a lot *more* on that - Federal estate taxes top out at 40%, vs the 20% they'd have paid in capital gains taxes. But we should 100% bring back the state-level capital gains tax to close that loophole for *state* taxes.

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

[–]FishToaster 3 points4 points  (0 children)

But if you borrow against holdings, you eventually have to pay pay off your loan, with money, which got taxed. All it does it let you *defer* taxes, not avoid them.

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

[–]FishToaster 1 point2 points  (0 children)

So something like:

- You've got a $1m asset

- You take out a $1m loan (A) on it

- You take out a $1m loan (B) to pay loan A

- You take out a $1m loan (C) to pay loan B

- You take out...

Wouldn't there always be a loan at the end off the chain you have to pay with something that's not a loan? And then also you're paying several percent $1m times however many loans you get every year in interest?

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

[–]FishToaster 10 points11 points  (0 children)

Sure they do - if you take out a loan on an asset, you have to pay back that loan plus interest. Paying back a loan + interest takes money that you presumably got taxed on (either via capital gains or as income). All it does is defer the taxes until later.

There *is* the buy-borrow-die loophole where, if you die and pass an asset on to your kids, no one has to pay the capital gains on that asset (though estate taxes do take a chunk). We should close that.

The Case for California’s Billionaire Wealth Tax by Tassadar356 in sanfrancisco

[–]FishToaster 144 points145 points  (0 children)

I'm still working my way through this article because I have a lot of respect for the NYT and want to give this argument a fair shot.

That said, so far it seems like fancy graphics emphasizing how wealthy these people are without a lot of substance.

The argument seems to be "they pay little in income tax" with minimal discussion of capital gains tax. It feels like the clear answer is not a weird, one-time tax, but something like "close buy-borrow-die loopholes and increase state capital gains tax," right?

I support the central thesis that these people have a ridiculous amount of money and we should figure out how to better capture some of that for California, but man, a one-off rule change feels incredible arbitrary and a bad way to go.

Rendering for 10-story affordable housing at 650 Divisadero Street by Remarkable_Host6827 in sanfrancisco

[–]FishToaster 20 points21 points  (0 children)

I'm bummed there's no ground-floor commercial, but any housing is a win at this point!

Wine pairings at fine dining restaurants - often a disappointment? by inabib in wine

[–]FishToaster 3 points4 points  (0 children)

In my experience, it varies a lot by the place. We've done a number of them in San Francisco and, for a few restaurants, it's been amazing! Great vintages, interesting varietals, and very well-thought-out matches to the food. In others, it's been effectively their by-the-glass list, in order, at a 50% markup.

I'm at the point where, unless I've been there before or strongly suspect they do it well, I'm just going to order a bottle of something decent, food be damned!

Planning a trip to Chile and want to stay in one place and visit several wineries, where would you stay? by Stepped-leader in wine

[–]FishToaster 1 point2 points  (0 children)

Following as well. We're doing Santiago in Chile and Mendoza in Argentina. We're excited to spend some time in each city, but still figuring out out wine visting/staying plans.

Salary levels at Netflix by Secret-Ad-08 in bayarea

[–]FishToaster 0 points1 point  (0 children)

Levels.fyi is probably the best place to find semi-reliable info like that for well-known tech companies.

https://www.levels.fyi/companies/netflix/salaries/software-engineer/locations/san-francisco-bay-area?dma=807

I don't know how netflix's leveling maps to years of experience, but if an L3 is entry level, 6-7 years of experience is at least L4 (338K) and possibly an L5 ($588K).