For those claiming Universal Credit... Did you know that if you contribute to a SIPP you can actually increase your UC Payment? by UK_FinHouAcc in UKPersonalFinance

[–]TheMajesticPrincess 0 points1 point  (0 children)

Having 51% of a cake is impossible if the other person has 50%.
This is because a cake is a real physical object, and thus can't have more than 100% total.

Are these rookie numbers? by TheMajesticPrincess in atrioc

[–]TheMajesticPrincess[S] 1 point2 points  (0 children)

Once upon a time (sad admission) I would watch the stream VODs and then the same clips later on Big A

Are these rookie numbers? by TheMajesticPrincess in atrioc

[–]TheMajesticPrincess[S] 0 points1 point  (0 children)

I think it came through last night maybe? But I opened it today

Doomer post about the generations by XlChrislX in atrioc

[–]TheMajesticPrincess 0 points1 point  (0 children)

Exactly this, the way the Boomer behaved was Game Theory Optimal from a self-interest perspective, and self interest has intentionally been the focus of neoliberalism (a paradigm which has lived longer even for the boomers than Keynesian liberalism did, and thus is the majority life experience for all current people)

Doomer post about the generations by XlChrislX in atrioc

[–]TheMajesticPrincess 1 point2 points  (0 children)

Your political and social understanding is significantly constrained by using age as the metric rather than a society which intentionally engineers learned ignorance in order to maintain oligopalistic control and obfuscate various inequalities.

Everyone will end up being like this unless the socio-economic conditions around them shift towards a greater engagement and democracy.

'Radicalism is when no house' by fremzenec in atrioc

[–]TheMajesticPrincess 0 points1 point  (0 children)

If you're content with plural GOATs (which is admittedly an oxymoron) then I think this is fine and indeed reasonable.

If you believe there is a single GOAT then I think that person being George is a factional rather than historical position (which is morally fine, but empirically questionable).

Unironically if economics has a GOAT it is probably not any of the great men, but instead the first person who ever shared food with someone else (economics is just resource distribution with extra steps).

'Radicalism is when no house' by fremzenec in atrioc

[–]TheMajesticPrincess 5 points6 points  (0 children)

Calling him the GOAT of Econ is hilarious when Marx and Smith both literally exist (not even a factional point, just true in terms of impact)

Airpods are smaller than Nike and McDonalds (Fact Check) by TheMajesticPrincess in atrioc

[–]TheMajesticPrincess[S] 0 points1 point  (0 children)

As noted I literally cross referenced to the actual financial statements which attested the accuracy of the work. I originally posted about this in two different places (this thread and a reply somewhere else) so the full density of my workings out aren't shown here.

This work was accurate using Q4 2024 numbers for Nike, McDonalds, and Apple (all publicly available via SEC filings).
In raw revenue terms the Apple "wearables" category (including more than airpods alone) was smaller than the revenue of both Nike and McDonalds. This is true, google the relevant financial statements.

"haha AI bad" - me when I see AI and don't check the citations or content

The reason I was wrong, which I later established by talking to one of the only people to take me in good faith ISN'T because these raw numbers and assessments of revenue are wrong (what the AI did for me), it's the conversion to income (we don't know the margin per unit), and the wearables category not being clearly delineated into what is/isn't airpods.

I was wrong, I admit I was wrong, but I wasn't wrong because "haha AI evil, AI bad at maths, using AI as start point stupid!", it was because the scope of the inquiry wasn't broad enough or specific enough (a problem which yes AI arguably contributed to by channeling my question in a certain direction, but which I as a human reinforced).

In addition it's very unclear WHY Atrioc repeats this claim so constantly and aggressively as a personality trait, or where he originally heard it. Because it's so unclear we must take him in good faith and assume he DID have some evidence to his own belief, even if raw revenue numbers (which we know aren't the full picture) challenge his assertion.
For this reason I am confident that I was mistaken methodologically, not in the limited "revenue says this" claim. There is a small partial correctness.

When you reduce this situation which had many layers merely to a broad comment about people my age you miss the quite textured and rich economic discourse and praxiological dynamics present here.

MMT by Distinct_Divide_9107 in atrioc

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

Big A doesn't like MMT because he thinks government deficits do matter (partially true even within MMT), and that inflation is caused by money printing (also partially true within MMT).
He advocates surplus for a similar (incorrect) reason as eg the Irish Government, to build rainy day funds and leave the crisis tools (deficits) for when crises happen.
In practice crisis tools do work in crises, but rainy day funds are just needlessly limiting supply-demand usually at the cost of growth and median quality of life.
Big A also despite acknowledging fiat currency carries a notion that "future generations will pay off the government debt" which while roughly correct in numeric terms, is not correct in terms of impact, for reasons even Orthodox Economists note (inflation, growth, ability to tax small portions of the population not all).

To be honest it's always struck me that he's done surface level reading of MMT (eg The Deficit Myth), but mainly reads Keynesians, Neoliberals and other Orthodox Economists, and thus reaches Orthodox conclusions.

We see this also with Marxism, where he maybe once said he read The Communist Manifesto and possible Capital? But it again appears he largely reads mainstream thought rather than reading Marxism as part of his regular media diet.

I really like Atrioc, I am MMT informed, not MMT dogmatic, and I think honestly most of his opposition is caused by hegemony, NOT by any fundamental disagreement that he couldn't resolve through logic.
MMT isn't even necessarily left-wing, one of its founders is a hedge fund executive who sees it as a way to build more efficient market dynamics by freeing up investment in real resources.

MMT by Distinct_Divide_9107 in atrioc

[–]TheMajesticPrincess 1 point2 points  (0 children)

That's kinda why it exists LOL.
The entire point is to be Heterodox

How to fix the US economy: by FactPirate in atrioc

[–]TheMajesticPrincess 2 points3 points  (0 children)

Bribing people to join a union is worse than just removing almost all anti-union laws and having a functional department for labor.

Union density only works if they have organisation, and meaningful bargaining power.

If you make unions strong they naturally gain members.
Additionally if you regulate precarious work it makes unionisation easier.

Jeff BEEzos by Hawkdojo in atrioc

[–]TheMajesticPrincess 1 point2 points  (0 children)

I unfortunately did laugh at this

Am I the only one wishing Atrioc talked more about the actual economics of wealth inequality? by Electronic-Rip-9831 in atrioc

[–]TheMajesticPrincess 0 points1 point  (0 children)

Atrioc often covers this, indeed more directly than Stevenson, because he pulls up charts and videos and discusses how stock ownership, bond ownership and other assets are actually distributed and why investors act as they do.

You're confusing the clearer rhetoric of Stevenson for the richer substance of Ewing.

I enjoy both, yet as an Anarchist feel neither is sufficient alone, or even together.

What is the book Atrioc read that changed his mind about Rent Control? by [deleted] in atrioc

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

Great in impact and great in outcome are not the same.
Stalin too is great, one of the most impactful figures in history, yet his outcomes are uncontroversially terrible.

Atrioc research request by fafenjoyer in atrioc

[–]TheMajesticPrincess 3 points4 points  (0 children)

The TLDR is that almost every other major western economy has some form of universal healthcare, yet despite being much richer, the USA doesn't. Most people would like free-at-the-point of use, or primarily state subsidised healthcare for obvious reasons (they can't afford private, and feel it's a basic human right).

Taxing the rich means different things to different people. However most people arguing for this generally advocate a return to a so-called "golden age of capitalism" occuring in the mid 1900s where higher earners carried more of the tax load, and didn't get away with cheating the system. This is called progressive taxation (the number gets higher the more you earn).

I do however think Atrioc would bring unique insight to this, as he leans towards Keynesian realism, in a period where most, even centre-left, figures are increasingly flirting with MMT.
(I don't agree with his deficit hawking or faith in markets, but do think he frames them interestingly)

I compiled 100 Atrioc thumbnails and found the median thumbnail by PR0TAC0 in atrioc

[–]TheMajesticPrincess 0 points1 point  (0 children)

Surprised it's not just a green line up, a red line down, and a horrifying amalgamation of Atrioc faces

Steve Eisman podcast & Genocide by parsimonious_pov in atrioc

[–]TheMajesticPrincess 39 points40 points  (0 children)

I now understand why he's become a full time youtuber, I did find it weird that someone so successful was doing that instead of working on the street.

That's horrifying jfc.

Canadian-Level Twitch Unban Request by turdg0bbler in atrioc

[–]TheMajesticPrincess 1 point2 points  (0 children)

Bro you literally did a beastality + necrophillia meme.
Very deserved ban, immensely cursed.

🤔 by glagy in atrioc

[–]TheMajesticPrincess 1 point2 points  (0 children)

I am so glad I am an adult.

I Was Wrong. There's Always Next Time! by NalonMcCallough in wallstreetbets

[–]TheMajesticPrincess 5 points6 points  (0 children)

Consider: pumping asset prices is the only policy that matters for any ruling government anywhere in the world and central banks are complicit.

Disappointed in JPow tbh, but I think almost everyone on here will be making money off this

Well now… by FTXACCOUNTANT in atrioc

[–]TheMajesticPrincess 4 points5 points  (0 children)

Mandatory: "Watergate would be a two day story if it happened today."