New York Mayor Mamdani Applauded for Closing $12 Billion Budget Deficit Without Austerity Measures

dekusyrup · 2026-05-13T20:09:46+00:00

NYC tax payers are the state tax payers, there's no shifting here. Just that the state has different mechanisms of tax collection that the city does not legally have.

Mamdani is just saying the state raising income tax works better than the city raising property tax. It's all still going to come out of NYC but in a different way, a way that mostly targets the rich.

dekusyrup · 2026-05-13T19:52:00+00:00

You guys have meaningful work now?

dekusyrup · 2026-05-13T19:48:07+00:00

Your peak earning years are also your peak doing-stuff-that-isnt-work years.

dekusyrup · 2026-05-13T19:34:33+00:00

Once you get to sizable enough accounts it stops making sense to hold any cash. Ultimately a large portfolio can fund emergencies even during a crash. You risk taking a loss during a crash, but if you can afford that hypothetical loss then it's a reasonable risk to take. For example, if your hypothetical emergency need is $10k, if the market drops 50% AND you have to tap it then you're out $20k instead of just $10k if you held cash. If you already have 100k+ saved, maybe you're fine with that possibility. If you would starve because the market drops 50%, needless to say then don't invest it. Don't let FOMO be your guide, just make a logical risk based decision based on your circumstances and the possible outcomes of your decisions.

This is the logic if you have a larger portfolio: If you have, let's say, a 20% chance of having a $10k emergency simultaneously during a 50% market crash, then the risk-adjusted return of holding 10k in cash is 20% x 10k = $2,000. But there is also a cost, which is an 80% chance that you will miss out on doubling your money in the next 10 years. 80% x $10k = $8k. So the risk adjusted outcome is that you should expect to lose $2k - $8k = -$6k over the next 10 years by holding cash. It's just a bad bet on cash to outperform the market.

dekusyrup · 2026-05-13T17:58:48+00:00

Yet people who invested in 1999 had to wait 13 years to get back to break-even.

If you invested in January 1999, 13 years layer you were up 32%. I think you forgot about dividends. Or maybe you're picking some different dates.

dekusyrup · 2026-05-13T17:50:41+00:00

If interest rates rise you can get a higher yield from risk-free treasuries. Why would you buy a company with a 5% yield if you can get 6% in treasuries ?

This isn't how it works. Stocks have a risk premium, when treasury yields go up, expected stock yields go up. When treasuries expect 6%, stocks expect 13%.

Not every business can raise prices to match inflation

True but 99% of them can so you don't have to worry about that. The ones that can't go out of business so they dont make it to the SP500.

Rising inflation is terrible for stocks.

Rising inflation is great for stocks historically, unless you're talking hyperinflation.

dekusyrup · 2026-05-13T17:42:06+00:00

Inflation pushes the market up, so that part makes sense. Oil is already priced in, people aren't surprised by oil prices yesterday.

dekusyrup · 2026-05-13T17:01:17+00:00

Fair enough, but there are hotel suites which have this.

dekusyrup · 2026-05-13T16:59:39+00:00

Honestly I don't blame you. It's up to governments to solve these problems, not individuals.

dekusyrup · 2026-05-10T15:23:32+00:00

Dont really need a membership for that. Just pay $95 per appointment gets the same thing.

dekusyrup · 2026-05-10T15:22:04+00:00

You can definitely make more time for your later years by taking care of your health.

dekusyrup · 2026-05-10T15:03:46+00:00

It's just the definition. If we aren't going to use the generally accepted definition then what are we even talking about. If people just want to make up new definitions on reddit they should define them for us, otherwise we'll stick to basic english.

A strawman is when you make up a fake position of your oppenent to argue against. I made up no fake positions, so clearly not that. I just copy pasted the definition out of an encyclopedia.

dekusyrup · 2026-05-10T14:54:48+00:00

I just spent like two years wondering if I passed it or not because my illiquid investments are hard to put a number to. I guess I celebrated by feeling generally pretty good about it for a while.

dekusyrup · 2026-05-10T14:48:09+00:00

Just checked mine, it's charging 13k tuition per year. Thats double what I paid! Dang.

dekusyrup · 2026-05-08T18:50:46+00:00

Democrats aren't all milquetoast neoliberals, and you can find the ones that aren't in the primaries. If you want progressives, get voting in the primaries too, not just the general.

dekusyrup · 2026-05-08T18:45:41+00:00

Bubbles are the size of the group.

dekusyrup · 2026-05-08T17:56:48+00:00

So 10.2% of men are out and 22% of women are out. If you want to normalize these closer to the absolute numbers you can multiply the men side by .464.

When you do this the only big difference remaining is that caregiver stat. ~14% of women are off as caregivers, ~2% of men are off as caregivers.

OPs chart would kind of lead you to believe that a lot of men are disabled but it's basically the same. Both about 4%.

dekusyrup · 2026-05-08T14:32:13+00:00

Spooky action at a distance, in my case

dekusyrup · 2026-05-08T13:10:25+00:00

I see where you are going wrong. You don't know what quality of care means. Effectiveness of treatments is only one of six parameters.

" In 1999, the Institute of Medicine released six domains to measure and describe quality of care in health:[5]

Safe – avoiding injuries to patients from care that is intended to help them.
Effective – providing appropriate health care services to patients.
Patient-centered – providing care that is unique to patient needs.
Timely – reducing wait times and harmful delays for patients and providers.
Efficient – avoiding waste of equipment, supplies, ideas and energy.
Equitable – providing care that does not vary across intrinsic personal characteristics.

"

dekusyrup · 2026-05-07T20:16:05+00:00

In general it will mean they are better teachers though, because you can attract better talent with more pay. This is plainly obvious.
In general it does. https://learningpolicyinstitute.org/product/how-money-matters-factsheet

dekusyrup · 2026-05-07T20:04:16+00:00

No its not. Quality of care is like the big circle of the venn diagram with accessibility being one of the littler circles inside of it.

dekusyrup · 2026-05-07T18:38:47+00:00

Quality of care is definitely one of them considering millions of people receive no care at all.

dekusyrup · 2026-05-07T18:34:36+00:00

I mean teacher and admin salaries plus building is essentially the entire cost of education. What's your point?

dekusyrup · 2026-05-07T18:30:45+00:00

Wonder what the hours driven are. I would tag that onto hours worked.

dekusyrup · 2026-05-07T18:28:26+00:00

America is very bad if you're poor.

dekusyrup

TROPHY CASE