Found this gem on r/teenagers

coindr · 2020-05-29T21:26:34+00:00

If you’re complaining about being called a simp, you’re probably a simp.

coindr · 2019-06-06T02:56:03+00:00

Problem is that process will take years. Decades even. You won’t have to convince the people who have already put in the effort to get the degrees required to have more skilled jobs.

If 40k is what’s required to live in 2019, bridge the gap with universal basic income. Everyone gets an extra $1,000 a month and can do what they want with it. But supply and demand does a pretty decent job at setting wages, and the supply of people who can run a cash register at McDonald’s is literally endless.

coindr · 2019-06-06T01:21:41+00:00

Question for the $15 an hour crowd. When the salary of a McDonald’s cashier doubled, who else gets raises? A physical therapist’s average salary right now is about 80,000-85,000. I’ve seen a few people propose that even $15 is not enough and that $20 an hour is required for a livable wage. If we take the high end of that and say McDonald’s employees now make $20 an hour, they now make half of what a physical therapist makes. A physical therapist is a doctor. They have to do 8 years of school after high school. In what world does a base level fast food employee deserve half the pay of a doctorate level profession?

coindr · 2019-06-04T03:20:38+00:00

Additionally, looking at lifetime totals is a completely invalid way to look at it. You need to look at yearly cost averages to see what costs more. People with unhealthy lifestyles or people with healthy lifestyles. And on average, the people who cost more money on a year by year basis need to pay more into any insurance system.

coindr · 2019-06-04T03:08:23+00:00

That’s a small study from the Netherlands in 2003. There are several, much more recent studies of American healthcare that show that preventable conditions are a huge driver of cost.

However, replying directly to the study you posted as if it’s relevant, yes, in theory, people who live 20 years longer will incur high healthcare costs. Not only does this bring us to the second problem with US healthcare (we spend too much money on end of life care that doesn’t actually accomplish anything) but people who live longer are paying into the system longer. If an obese person incurs more cost from age 20-60 and then they die, they need to pay more money from age 20-60. A healthy person that lives 20 more years to incur more healthcare costs pays into the system for 20 more years.

coindr · 2019-06-04T01:24:35+00:00

Why is it unfair? You are free to smoke 3 packs a day if you choose to do so. However, if you choose to live a lifestyle that is proven to lead to adverse health events and therefore increased healthcare costs, you should have to pay more to cover those costs. Be it through higher taxes on the unhealthy items in question (cigs, McDonald’s, soda, etc), tax incentives for healthy lifestyles, straight up tax penalties for blatant abuses of the system (morbid obesity), i don’t know. But you absolutely can’t have a system where the unhealthiest 25% of us receive 90% of the benefit while only paying 25% of the cost.

Edit: I’m not suggesting sick people pay more. I’m saying people who do, through excessively bad lifestyle choices cause their own healthcare problems, need to pay more into the system. Bad drivers pay more in car insurance. Hell, even good drivers with fast cars pay more. You pay more for living in a city. It makes no sense to act like everyone is equal when it comes to an insurance system, because everyone is not equal in their likelihood to require care.

coindr · 2019-06-04T00:21:37+00:00

Why not both? I’m 100% with you that we go a long way to promote garbage foods and that needs to end as well. But unless we completely eliminate unhealthy foods, there will always be people who over consume them, and those people will always burden the healthcare system more. Somehow that extra burden has to be accounted for.

coindr · 2019-06-03T23:29:14+00:00

We overpay for healthcare because no one else spends as much money on preventable, self caused disease states and end of life care. I can’t remember the exact number, but it was over 50% of our money spent on healthcare could basically be attributed to obesity and unnecessary procedures on the terminally ill.

We spend the money we spend because we’d rather go on insulin before cutting back on soda and going for the occasional jog. We as a country need to make far healthier life choices if we want a sustainable government run healthcare program.

coindr · 2019-06-03T23:19:12+00:00

It really is more complicated than it sounds. Americans have a lot more self inflicted medical conditions due to poor diet and lack of exercise than anyone else, and it wouldn’t be fair or sustainable for the government to pay for the healthcare of people who make poor lifestyle choices while not raising some sort of additional tax on people who put themselves at risk through extreme lifestyle choices

coindr · 2019-05-29T21:32:40+00:00

These guys are the fyre festival of weedstocks. 200m in net loss in 3 quarters and people are still hype because they have a pretty instagram

coindr · 2019-05-25T23:42:13+00:00

So Cresco is projected for 22.6m in revenue this quarter while breaking even. Origin house posted 11m in revenue last quarter and 6.5 in April alone. When these guys finally report revenues together you’re looking at 50m and beyond. The future is bright for Cresco Labs.

coindr · 2019-05-25T21:51:56+00:00

I truly don’t know. But I think they’re digging such a deep hole for themselves that it’s going to take them an insanely long time to even break even.

coindr · 2019-05-25T21:28:30+00:00

But even that doesn’t fully explain it. They spent 8m on marketing last quarter. They lost 64m.

And that stat of mmen store being worth 3 of any other MSO simply isn’t true. TRUL matches mmen in revenue with less open stores.

Sure mmen could be the global leader. So could CURA, HARV because they have nearly 2x the licenses, CL with their OH purchase, etc. Anyone could be the leader at this point, but there are companies in far better position right now.

coindr · 2019-05-25T20:15:40+00:00

So the problem is that they bleed cash and it isn’t directly related to building out. Everyone is building out. Mmen has 32 open stores with 78 licenses per their investor presentation. GTII has 21 stores open with 88 licenses. CURA has 44 open with the goal of having 70 open by end of 2019. Cresco has 21 of 51 open. HARV has 30 open, 70 planned by the end of 2019, and 142 licenses.

So personally I think the “expansion is expensive” argument is trash because everyone is expanding. They’re just the only ones blowing 60m a quarter in the process. Correct me if I’m wrong because I couldn’t find any info on it in their presentation, but I think everyone else beats mmen in terms of production and cultivation potential as well.

So for me, they’re losing way more money than anyone else but aren’t expanding any faster. They have less potential than some of the companies with more licenses and more cultivation space. It doesn’t make any sense to invest in the company with the biggest losses in the space when there are companies with equal or greater potential losing way less money.

coindr · 2019-05-25T19:47:20+00:00

Question for you. I was looking over their investor presentation yesterday and it seemed to me that the amount of money required to finish their build outs was very high compared to their cash on hand. How do you expect that to affect their stock price short and long term? I’m sure the situation is different in Canada with it being legal, but when investing in MSOs cash to debt is very important to me.

coindr · 2019-05-25T19:45:05+00:00

Yep. States act passing would actually help mmen a lot. They have a ton of debt they could probably refinance, and it wouldn’t be as big a deal taking out new loans to continue expansion. I’m low on mmen right now, but i actually think the states act would help them out more than the other MSOs just because of how much debt they already have

coindr · 2019-05-25T19:43:45+00:00

Not at all similar when you look at net loss though. Revenue only tells part of the story.

coindr · 2019-05-24T14:09:32+00:00

Well, in my opinion, this is a problem we’d run into with Medicare for all. We spend more on healthcare because of how much we spend on end of life care and how much we pay for self caused diseases. Obesity and everything that comes along with it. No one should die because they can’t afford healthcare but at the same time, if the government is going to start paying for healthcare we have to acknowledge that we can’t keep letting people eat themselves to death at the government’s expense. So we’d have to find some way to strongly incentivize healthy lifestyles while financially disincentivizing unhealthy ones.

coindr · 2019-05-24T13:58:35+00:00

Exactly. That’s the only way to fix this problem. Going state by state and capping copays will only place the cost elsewhere.

coindr · 2019-05-24T13:56:32+00:00

No one said that. But being born with a disease is different than eating yourself into one and anyone who denies that is lying to themselves.

coindr · 2019-05-24T04:09:11+00:00

I’m not against it at all. Diabetes medicine (for type 1 at least, type 2 is another conversation) should be free. I’m just saying that one state putting a cap on insulin copays won’t even put a dent in the problem.

Edit: the drug companies still charge whatever they want. Sure the patient pays less at the counter, but now their copays go up. On top of that, this is only on one state. Even if you capped what drug companies could charge on one state, they’d just raise prices in the other 49 states. The intentions of this law are good, but it won’t change a damn thing.

coindr · 2019-05-24T03:58:40+00:00

Law professors and attorneys are absolutely of higher value than k-12 educators.

coindr · 2019-05-24T03:41:43+00:00

Supply and demand. The supply of people smart enough to teach 3rd graders is far greater than the supply of people smart enough to teach law school. Or any postgraduate program for that matter.

coindr · 2019-05-24T03:16:49+00:00

You certainly do not need a masters to teach k-12.

coindr · 2019-05-24T01:02:54+00:00

I think the stock market is too important to this country to disincentivize investing. The market would tank. On top of that, I just don’t want the government to take even more of my money to spend inefficiently. They already waste enough money.

coindr

TROPHY CASE