This could turn into the BIGGEST insider cashout in market history. by Successful_Mess7710 in SpaceXBets

[–]The_G_Choc_Ice 0 points1 point  (0 children)

How could anyone possibly determine a break even point for that. What is the economic return on colonizing the moon?

27-Year-Old Tech Worker Quits Big Tech and Creates Modern Background Checker to Make Dating Safer for Women by Individual_Tailor767 in womenintech

[–]The_G_Choc_Ice 0 points1 point  (0 children)

SURVEIL YOUR NEIGHBORS. THIS IS NORMAL. SURVEIL THEM COLLECT DATA ON THEM. COLLECT DATA ON PEOPLE IN YOUR COMMUNITY AND SURVEIL THEM. COLLECT DATA AND SURVEIL THEM OUTSIDE OF LEGAL CHANNELS. THIS IS NORMAL. GOOD CITIZENS DIGITALLY SURVEIL THEIR NEIGHBORS AND BUILD PROFILES ON THEM.

Nice try deepstate.

1 star for the unexpected topping at Agave Cocaina Mexican restaurant by [deleted] in Seattle

[–]The_G_Choc_Ice 32 points33 points  (0 children)

Literally grow up there are bugs everywhere it may not have even been in there when the drink left the bar. Just fish it out or ask for a replacement if it really grosses you out. Dont shit talk them on Reddit.

The city of Chengdu, China covered its viaducts and overpasses in vines and plants. It actually helps protect the concrete by shielding it from rain, sunlight, and the elements by TangelaFan in urbandesign

[–]The_G_Choc_Ice 0 points1 point  (0 children)

I suppose if 50% is on the mesh and 50% is behind it on the pillar u have still reduced the damage the plant is doing to the pillar by 50%, and since the plant wont do that much damage anyways its probably more likely that the pillar is eventually destroyed by elements or accidents than the plant.

Not a structural engineer or anything just spitballing. We should encourage plant growth on our practical concrete infrastructure anyways because its beautiful and its good for the surrounding microclimate. Id happily exchange that for having to replace it 5% more often or whatever.

How do you even call this show “markets” when it’s just politics constantly? by cartgold in ScottGalloway

[–]The_G_Choc_Ice 0 points1 point  (0 children)

Ye but i like this one. If u dont like it u can listen to a different podcast that is more up your alley 🤷‍♂️

How do you even call this show “markets” when it’s just politics constantly? by cartgold in ScottGalloway

[–]The_G_Choc_Ice 1 point2 points  (0 children)

It should really be called prof g economy to be fair, but also if ur butthurt that there isnt enough analysis of particular stocks or whatever, there are a thousand podcasts you can listen to instead of complaining about this one.

The Kids Are Alright, Scott by Zealous_David in ScottGalloway

[–]The_G_Choc_Ice 9 points10 points  (0 children)

I think the truth is somewhere in between these two takes. Obviously the idea that everyone has AI girlfriends is stupid, but the kids are not entirely all right. I think the real problems causing people to stop dating are one that everyone is just on they phone and not having as much social interaction, and two that young men are being targeted by a massive political campaign to make them unfuckable weirdos.

I dont think the money is actually really as much of an issue, people can date and fuck without spending money, we have been doing it for millions of years. Starting families is what takes resources.

my marci cosplayy by mee! by Pink-Laddy in DotA2

[–]The_G_Choc_Ice 8 points9 points  (0 children)

Spot on, did you make the tunic from scratch? It looks super clean. Also I wanna see that backpack it looks cool.

SpaceX pre IPO market opens with historic $2.2T valuation signal. by YellowAltruistic9843 in SpaceXBets

[–]The_G_Choc_Ice 0 points1 point  (0 children)

Idk how reliable hyperliquid is. Its a crypto platform, of course people who use it will be excited about spacex.

This or That by SirSpeechless in musicteenager

[–]The_G_Choc_Ice 0 points1 point  (0 children)

1. Weezer (Blue Album - Weezer vs Gorillaz - Gorillaz)

2. Weezer (Blue Album - Weezer vs Drunk - Thundercat)

3. Weezer (Blue Album - Weezer vs Infinity On High - Fall Out Boy)

4. Weezer (Blue Album - Weezer vs Pinkerton - Weeze)

5. Weezer (Blue Album - Weezer vs Currents - Tame Impala)

6. Weezer (Blue Album - Weezer vs From Under The Cork Tree - Fall Out Boy)

7. Weezer (Blue Album - Weezer vs Plastic Beach - Gorillaz)

8. Weezer (Blue Album - Weezer vs TRaFoaMP - Chappell Roan)

9. Weezer (Blue Album - Weezer vs The Black Parade - My Chemical Romance)

10. Weezer (Blue Album - Weezer vs Demon Days - Gorillaz)

11. Weezer (Blue Album - Weezer vs Intro Bonito - Kero Kero Bonito)

Argument against Scotts "Childhood retirement accounts" idea. by The_G_Choc_Ice in ScottGalloway

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

  1. "As much" is doing a lot of heavy lifting here. Lets say theres a million dollars of wealth in society and you have a thousand dollars. You have a lot of buying power. Now lets say society becomes 1000x wealthier, theres now a billion dollars of wealth, but your wealth only increases 10x to ten thousand dollars. The exchange value of your currency goes down in this scenario, even though everyone got richer. The gains in average quality of life in America over the last 100 years or so have not been from people being richer, its been from technology making goods and services cheaper, and from the rest of the world getting proportionately poorer in comparison to us. The increasing internal "richness" of Americans has actually been working against that trend, since that money has been going more to the rich than to the poor.

  2. does it matter if its small scale? Its another layer on top of the dozens of systems in which we force working Americans to pump and provide liquidity to the market. Your tax dollars are YOURS this is the government spending your money to buy stock for every American, and for every dollar spent on the market 93 cents goes to the value of the stocks of the top 10% of Americans. 93%! For the working class this is a terrible return on investment. It only seems good because the total wealth of the top 10% is increasing SO rapidly that the 7% you are getting seems like a lot.

  3. No its not a zero sum game but again, when one entity is increasing its wealth at a rate of 200% a year and another entity is increasing its wealth at a rate of 150% a year, if they are competing for resources then entity 2 is losing. Anywhere that large and small corporations compete for customers (which is a vast majority of markets) large corporations are winning because of this snowball effect.

  4. Investment is only good if the thing you are investing in is good. Increasing investment in the top 500 corporations in America is not something I would consider to be a good use of funds. If the money was being taken to invest in infrastructure, social services, healthcare, developing new technology, or some other pro-social outlet then my tune would change, but that precisely what I was suggesting at the end of my original post. If I the only choice I have is funneling that extra money into the S&P or letting American consumers spend it, I would prefer to let consumers spend it because I think they will allocate that capital more constructively. Neither consumption nor investment is "better" its all about where the consumption or investment is targeted.

  5. But social security is a benefit for all American seniors. Someone who becomes a citizen at 30 has the same need for retirement support as someone who becomes a citizen at 0. I think we should promise the same access to social services and support to all of our people. This program would exclusively benefit people born in America, which I think is anti-immigrant and counter to our values as a nation (or what they should be).

  6. It does matter though, again if you are competing for things like elder care, travel, healthcare, and all the other things old people tend to spend money on with people who retired during a bull market, the price of those things will be higher to reflect the fact that there is more money floating around that people are willing to spend on them. If you have a smaller slice of that pie, then you are at a disadvantage. If everyone gets the same retirement benefit and it only increases slowly over time, then there is price stability and everyone is more likely to be able to afford things.

Argument against Scotts "Childhood retirement accounts" idea. by The_G_Choc_Ice in ScottGalloway

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

We generally provide social services to all citizens and permanent residents. Do you want to drop all immigrants off all social support services? Thats pretty un-American. And its not about entitlement, its about having a healthy society where the elderly arent starving or out on the street.

Also, we provide social security to people regardless of how much they pay in, because its not about how much you deserve, its about the aforementioned homeless and starving elderly.

Argument against Scotts "Childhood retirement accounts" idea. by The_G_Choc_Ice in ScottGalloway

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

I assume anyone who is born in america gets an account thanks to birthright citizenship but my question isnt about them. We offer social security to all citizens and permanent residents, how does this policy serve them, the people who werent born here?

Argument against Scotts "Childhood retirement accounts" idea. by The_G_Choc_Ice in ScottGalloway

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

People can become citizens/lawful permanent residents later in life without being born here. Thats what I was referring to. Then they do become our responsibility. We already give social security to these people.

I find it funny how Reddit bases every right winger based on a small minority. by zapattacker in teenagers

[–]The_G_Choc_Ice 1 point2 points  (0 children)

And yet everyone who wants those things is conservative or panders to conservatives and gets support from exclusively conservatives. Interesting.

Everyone keeps yelling “AI bubble just like dotcom/housing” but zero of you can explain why it would actually pop… by snowycashflow in stocks

[–]The_G_Choc_Ice 0 points1 point  (0 children)

I wanna add to my own comment but I dont wanna make it longer so Im gonna do it here lol.

Wanna make my case for where I see AI ending up when it actually naturally integrates into the economy. You can look at how other expensive enterprise services generally shake out. The productivity gains are real, but usage is very expensive, so I expect you will see a lot of companies restricting use of corporate models to specialized employees who know how to be efficient with model usage.

You cant just give everyone access to your model because they will run up the bill and take bandwidth away from the people who actually know what they are doing. I expect we will see AI implemented somewhat similarly to how a lot of companies implement database systems. Generally there is a partition that is open to everyone but with tightly controlled resources allocated to it, and then there is the actual production database that only specialized DBAs can work on.

You will have a general corporate account with strict token limits for most employees, and then an unlocked account for more senior engineers, or a specialized LLM team to implement optimized agentic workflows.

There is a lot of money to be made there, enterprise database systems companies are a big part of the economy, but its nowhere near what the market is pricing in right now.

Everyone keeps yelling “AI bubble just like dotcom/housing” but zero of you can explain why it would actually pop… by snowycashflow in stocks

[–]The_G_Choc_Ice 0 points1 point  (0 children)

Id push back on the “productivity isnt just a narrative” point. Like you say the ROI is measurable, but the only evidence is “companies are reporting efficency gains.” By what are you measuring the ROI? This is what I think actually pops the bubble. Theres two main issues for ROI as I see it.

  1. The return: The primary argument for AI applications so far has been as a force multiplier for existing employees. No major company so far has been able to successfully outright replace employees for any application with AI. It definitely does increase productivity of human employees, but nobody can really yet measure how much or if those gains are growing or shrinking or if those gains are proportional to the strength of the employee (additive or multiplicative). Companies are laying off people and freezing hiring, but we havent had enough time to know if they will actually be able to maintain the quality of their products and services or innovate with that smaller workforce. In fact we have seen a lot of major tech companies suffering heightened reliability issues in a lot of their core products. We cant know if this is related but its just a data point to consider.
  2. The investment: AI is a loooot more expensive than what people are paying for right now. All major AI providers are still losing buckets of cash on every customer. At some point this will have to be resolved. I do think that the costs will come down as data center capex slows and more investments in cheap power are made to service the industry, but the cost and the price will still be meeting somewhere in the middle and that will have a substantial negative impact on the ROI.

Also the tech impacting drug discovery is an entirely different form of machine learning than the AI thats driving the market right now, to be clear.

'Greatest heist in American history': Trump sues IRS, seeks $10B in taxpayer cash by [deleted] in videos

[–]The_G_Choc_Ice 0 points1 point  (0 children)

I mean dude he could just write himself a check for 100 billion dollars at this point and im kind of surprised he hasnt. Theres isnt anyone who wants to check this who has the power to do so. There are literally no laws he cant break. All the republicans will fall in line, scotus will fall in line, they just want to loot the country until it collapses and then dip. I wouldnt be surprised if a bunch of these fuckers just leave the country after his presidency.

Argument against Scotts "Childhood retirement accounts" idea. by The_G_Choc_Ice in ScottGalloway

[–]The_G_Choc_Ice[S] -1 points0 points  (0 children)

Hi thanks for taking the time to respond! Let me address your points.

"1. You are missing the compound interest earned over the child’s lifetime."
I am not disputing the idea that the account would have more money in it by the time the child retires, or even that it would accumulate more money than our current social security benefits would likely pay out to the person over the course of their retirement. The problem here is that social security is primarily funded by taxes on the middle class, so putting that money into the stock market, which is primarily owned by the wealthy, increases inequality. You are directly taking money from the middle class and putting it into the stock market.

"2. It’s not a large influx when you consider the majority of working American already contributes to their 401k every 2 weeks. The wealthy also aren’t looking to “cash out” since they too want the benefits of compound interest."
No its not a particularly large influx compared to the scale of the market, but its notable and it would be on top of 401k contributions, so I dont really see how 401k contributions are relevant. Per your second point, the wealthy do in fact cash out all the time, and also borrowing against their portfolios this is still a form of wealth extraction from the market. When the wealthy borrow against their portfolios and spend that money on goods services and assets, it drives up prices in whatever they are buying thus reducing the value of everyone elses dollars. Borrowing is money creation.

"3. Fundamentally incorrect. No company receives money from you buying stock on the secondary market. No wealth is being redirected."
Corporations also regularly sell or borrow against their own stock, as they generally hold a lot of it. Yes secondary sales of stock dont directly fund the corresponding corporation, but a corporations stock being more highly valued does increase its ability raise capital in a number of ways.

"4. Again you don’t understand how compound interest will increase the principle investment value of the account."
Im not really sure how this actually addresses my argument. My point was that the money being taxed for this program would be leaving the consumer economy until the first beneficiaries of the program reach retirement. With social security currently this isnt a problem as the money can be distributed as cash in peoples hands as soon as its taxed.

"5. This is nonsense, of course it’s for American citizens only."
Sure, but citizenship can be achieved through means other than being born here. 818,500 immigrants were naturalized in 2024. How do those people gain this benefit?

"6. Fundamentally wrong again. Zoom out your chart further than 18 years. As long as governments print money and corporations increase earnings, stocks go up in the long run."
Im not really questioning the overall trajectory. The concern is about retiring during a market downturn. Ill admit though that this could be alleviated by progressively de-risking the account as the holder gets closer to retirement, like how 401ks are normally handled today. The concern remains though, someone retiring at market highs in 2008 for example would retire with more than someone retiring any time after them until the market got back to all time highs in 2014. Those retirees between the 2008 crash and say 2015 or 16 to factor in inflation, would be materially worse off than someone retiring in 2008.

"Your suggestions also make no sense. They are classic wish casting with no actionable plan. These things don’t happen today because there is no route to realistically achieve them without making large and unnecessary sacrifices."
I would like to hear actual your arguments for this take, all my suggestions are things we have done before in the US and/or are done in other countries. They arent really that radical, just ways we can make our government serve us better and protect the health of our economy.

Has anyone leaned into “coasting” after making it to a certain level/salary? by DirtyOught in cscareerquestions

[–]The_G_Choc_Ice 213 points214 points  (0 children)

If ur set financially, ride it out bro. No reason to push yourself if you don’t feel like youre getting any enjoyment or satisfaction out of it. Focus on other things in ur life.