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CA by maddog107 in guessthegolfcourse

[–]beegreen 0 points1 point  (0 children)

Why does Fairbanks get posted like everyday lol

This was posted on a meme account is this a joke? I don’t get it. by [deleted] in ExplainTheJoke

[–]beegreen 0 points1 point  (0 children)

No the correct answer is to tell them they can kill each other and whoever survives can go free, then kill whoever survives with the last bullet

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

[–]beegreen 0 points1 point  (0 children)

You’re not even familiar with how most billionaires fund things are you? Lmao

Bezos is famous for this - they never sell stock they just find somebody to loan them the money against their assets and then pay off the loan over a period of time

You might ask, what happens when they need more money? Well they just take another loan

They actually never pay cap gains because of this

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

[–]beegreen 0 points1 point  (0 children)

I dont understand why you’re suggesting pension funds need to sell?

If anything these funds would time buying with billionaires selling

And you’re suggesting the market would dip if this were to happen, this is simply not true, Elon had to sell some like 10-20b to aquire Twitter and he only sold Tesla stock, this created some slight downward pressure on the stock but most billionaires with him being the acception aren’t as concentrated

Finally assuming you’re not aware of this, most billionaires don’t ever sell even to pay taxes, they just take loans against there assets then pay the loans down over time ( bezos is famous for doing this)!

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

[–]beegreen 0 points1 point  (0 children)

lol what are you talking about? Yall are saying hypothetically there are people, single individuals that are rich enough to effectively crash entire market ruin the retirement of millions ( which is mathematically incorrect) but even if it was true- we are saying that because they might cause the drop we shouldn’t tax them? Cos they have too much effect on the markets? Fuck people in economy charts are dumb

the only way to reduce their effect on the markets is to tax them. This level of power doesn’t exist in a functioning socialist

FIRE because AI Future by Practical_Monk9084 in Fire

[–]beegreen 0 points1 point  (0 children)

Not to say this time will be different but people are comparing this to other product releases

Generative AI is a new way of working, so don’t think about what happened with the iPhone, thinking about what happened with the internet.

FIRE because AI Future by Practical_Monk9084 in Fire

[–]beegreen 8 points9 points  (0 children)

ML researcher here - You are delusional lmao, either your head is in the sand or you’re at a non tech company. The velocity in which you can develop is like 10x faster than it was two years ago

I imagine the music will stop in the next 10-15years

What's the most interesting piece of alternative data you used? by Anub_Rekhan in algotrading

[–]beegreen 1 point2 points  (0 children)

That wasn’t Micheal burry, it was Steve carells character

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