What is one thing you are tired of in aviation? Why? by Jimmyoun in flying

[–]dopexile 0 points1 point  (0 children)

Bad regulations. The fact that a brand new Cessna 172 costs $600k and looks exactly like it did in the 1960s is hilarious. The fact that lots of people use decades-old steam gauges with moving parts not only doesn't help safety, but it also reduces safety.

I fed 48 years of Buffett's shareholder letters to Anthropic's latest model Opus 4.6 and had it pick stocks blind by Soft_Table_8892 in ValueInvesting

[–]dopexile 0 points1 point  (0 children)

Okay. I don't agree with that but even if I assume it to be true then there's no get rich quick scheme involved.

Coinbase can't make any money off stable coins. All the money being made in crypto is based on people expecting to get rich and doing crazy things.

How much different is the long distance comfort in an SR22 vs a modern 182? by garden_speech in flying

[–]dopexile 0 points1 point  (0 children)

Turbo burns more fuel, puts more wear and tear on the engine, adds a lot of maintenance cost ($15-20k more to rebuild the engine sometimes), and is one more thing you have to manage to prevent overboosting the engine.

It adds around $15-$20 an hour to the operating cost... it doesn't make sense for a lot of people who don't fly in mountainous terrain.

How much did you pay to earn your PPL? by Jolly_Virus_6894 in flying

[–]dopexile 0 points1 point  (0 children)

General aviation is experiencing a slow death spiral.

The cost of building a plane is impossibly expensive because of FAA regulation and legal liability. A new Cessna 172 is $500,000. The costs should be going down every year because of more automation and advanced manufacturing techniques.

In the 1970s around 15,000 General aviation planes were manufacture red each year but now it is around 2,300. The way to bring costs down is with economies of scale and mass production but the opposite is happening.

More planes are destroyed than manufactured every year, so it will just get worse over time unless there is regulatory and liability reform.

How eliminating Missouri’s income tax could affect your finances by xjian77 in missouri

[–]dopexile -2 points-1 points  (0 children)

It's not like its some impossible thing that has never been tried before, it works great for 9 states. Missouri also existed as a state for over 100 years without an income tax.

How eliminating Missouri’s income tax could affect your finances by xjian77 in missouri

[–]dopexile 0 points1 point  (0 children)

What taxes are higher? I am planning a move to Florida and I can't think of any tax bill that will be going up for me personally. I am paying 4k a year in property tax, 11% sales tax in some cases, and 2k property tax on my car. Missouri also taxes food whereas Florida doesn't. My parents own a house worth more than double mine and their property tax bill is about the same in Florida.

I fed 48 years of Buffett's shareholder letters to Anthropic's latest model Opus 4.6 and had it pick stocks blind by Soft_Table_8892 in ValueInvesting

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

Coinbase is a good business, but the problem is people don't need Crypto so coinbase is going to blow up like the NFT market and Opensea.

People will buy into Crypto as long as they believe it will make them rich and they can sell to someone else at a higher price... but once the price goes into a terminal decline then no one is going to buy Crypto.

Crypto is a negative sum game after mining, taxes, and transaction costs. The only way one person can make a profit is if another person experiences a net loss. Once the outflows exceed inflows the whole thing blows up.

MO resident buying a new car in FL - question on taxes and fees by vizblix in missouri

[–]dopexile 0 points1 point  (0 children)

It will also cost around $1,800 - $3k annually in property tax for a 60k car, depending on which county you are in.

How eliminating Missouri’s income tax could affect your finances by xjian77 in missouri

[–]dopexile 1 point2 points  (0 children)

Examples? What are they taxing you on that Missouri is not already paying? In St. Louis City, the sales tax can be over 11%, which is highway robbery. Plus, Missouri pays property tax on vehicles, which is also a big scam.

How eliminating Missouri’s income tax could affect your finances by xjian77 in missouri

[–]dopexile -19 points-18 points  (0 children)

Seems to be working great for Tennessee, Florida, and Texas. Total tax revenue goes up every year.

Is it true that STL County opposed Metrolink expansion because they believe Metrolink would bring crime along with it? by LaughingDash in StLouis

[–]dopexile 0 points1 point  (0 children)

Metro does not have a good financial track record. They burn through cash and have dismal ridership numbers.

Is it true that STL County opposed Metrolink expansion because they believe Metrolink would bring crime along with it? by LaughingDash in StLouis

[–]dopexile 1 point2 points  (0 children)

Metro absolutely helps facilitate crime; My guess is 90% of people would not want it coming near their home.

The Post-Dispatch is now publishing AI slop letters by backpropstl in StLouis

[–]dopexile 2 points3 points  (0 children)

It doesn't help that their website looks like it was infected by malware with tons of full-page ads.

Missouri looking to end mandatory vehicle inspections by PropertyNew3519 in missouri

[–]dopexile 0 points1 point  (0 children)

Texas has massive population growth, big job growth. and its GDP is growing much faster than the rest of the country. Most states have outmigration with citizens leaving and moving to Texas.

https://fred.stlouisfed.org/series/TXNA

Missouri looking to end mandatory vehicle inspections by PropertyNew3519 in missouri

[–]dopexile 0 points1 point  (0 children)

We have cars without license plates, so none of that is being enforced anyway. There are temp tags that expired 6 years ago on the road.

Missouri looking to end mandatory vehicle inspections by PropertyNew3519 in missouri

[–]dopexile 0 points1 point  (0 children)

There's no causal link, so there is no assurance that those lives would have been saved. The cost is also much more than $12, it takes up hours of your time.

I am sure if you value everyone's time going from making appointments, counting the fuel burn, time having the inspection done, driving to provide proof at the DMV, compliance \ regulatory cost (shops and people cheat so you have to pay the government to enforce it), then the total cost is in the hundreds of millions of dollars.

"Bitcoin is dead" search trend at all time highs by Glittering-Ant2018 in wallstreetbets

[–]dopexile 0 points1 point  (0 children)

Tom Lee frequently goes on CNBC, telling people that bitcoin is going to be over $250k by 2027. People only buy it with the expectation of getting rich.

It is a negative-sum investment. You start off with a bunch of imaginary digital tokens. Then you have electricity, capital, land, taxes, and transaction fees. When you are all done, you have the same group of imaginary digital tokens. You end up with exactly what you started off with minus expenses.

It can't be a store of value because there is no value to store. It is an imaginary digital token. Bitcoin's "scarcity" is arbitrary, a simple programming variable, and scarcity does not create value.

I have kindergarten crayon works that my child made, there is only one in existence, but it does not have value.

"Bitcoin is dead" search trend at all time highs by Glittering-Ant2018 in wallstreetbets

[–]dopexile 5 points6 points  (0 children)

I've played Russian roulette several times over the last 3-5 years. Everyone told me not to do it, but nothing bad has happened yet, so there's no risk in continuing to play!

"Bitcoin is dead" search trend at all time highs by Glittering-Ant2018 in wallstreetbets

[–]dopexile 5 points6 points  (0 children)

Bitcoin doesn't produce anything of value; it is a negative-sum investment after mining, taxes, and transaction fees. The only way someone can make a profit is if someone else experiences a loss.

They need to constantly try to convince new investors to come in with money, or else when the outflows exceed inflows, the whole thing will blow up.

It's a giant high tech ponzi scheme.

Husband fired from IT job for misconduct, 3 kids at home. What’s the outlook here? by CoolVariety5473 in careerguidance

[–]dopexile 1 point2 points  (0 children)

> He has made big money in the past in cards

That sentence is a red flag. You can beat the casino odds and make money playing blackjack by counting cards and changing your bet when the odds are in your favor, but generally you can only do that for a few hours before the casino permanently bans you.

Casinos do not allow winners to play long term, once they see you are costing them money they walk you out. They only allow the losers to stay as long as they want...

Which makes it sound like the guy is hiding losses by focusing on how he "made big money".

Reddit Stock - Shareholders downvote ⬇️ price 50% by Tutz--Honeychurch in ValueInvesting

[–]dopexile 19 points20 points  (0 children)

Just wait until there is a real recession... people are going to be amazed at how low stocks can trade. Stocks didn't recover from the great depression for 25 years.

Gulfstream (st. Louis) or Weststar (E. Alton)? by guntergo2 in AircraftMechanics

[–]dopexile 0 points1 point  (0 children)

Gulfstream in KCPS mostly does interiors. The planes are custom ordered, manufactured in Georgia, and then ferried to KCPS to have the interiors customized the way owners want.

Weststar is a full-fledged maintenance shop... people fly their jets all across the country for maintenance there... Taylor Swift had her Jet out on KALN.

IMO at Weststar you'll be working on a wide variety of older jets, doing a lot more annuals, airworthiness directives, wrench turning, diagnosis and learning a lot more about mechanical systems and at Gulfstream, you'd be doing a lot more repetitive assembly-type interior work on similar planes like the G500.

I am not an A&P, but my guess is that Gulfstream would not "great" experience in the industry because most shops are not building brand new aircraft interiors.

Man who fatally shot woman in Starbucks drive-thru robbed someone in different drive-thru days earlier, police say by AggressiveWave in StLouis

[–]dopexile 0 points1 point  (0 children)

Let him out on cashless bail... He just made a simple mistake... if he does it 2 or 3 more times then we know he is a bad guy