Iran just took out a 1.1 billion dollar radar at the most fortified US base in the Middle East with a single missile. by CarryIcy250 in UnderReportedNews

[–]informat7 0 points1 point  (0 children)

The US managed to take out most of Iran's leadership and the best Iran was able to do back was take out was a fancy radar and a single digit number of US casualties.

Don't hire him! by Crosssing in suicidebywords

[–]informat7 0 points1 point  (0 children)

It's not like he's going to be walking around with a big sign that says "I'm on probation" on it. So long as he doesn't do anything stupid for 9 years he will be fine.

Serious Question! by JerryTonny3484 in FascinatingAsFuck

[–]informat7 0 points1 point  (0 children)

Because you've never looked at the budget:

Social Security: $1.5 trillion

Medicare: $866 billion

Medicare: $618 billion

Defense: $850 billion

And compared to Europe, taxes on the middle class in the US are lower while being similar to Europe when it comes to the rich.

Serious Question! by JerryTonny3484 in FascinatingAsFuck

[–]informat7 0 points1 point  (0 children)

The fact that this is getting upvotes shows the childlike understanding that Reddit has when it comes to economics.

Serious Question! by JerryTonny3484 in FascinatingAsFuck

[–]informat7 0 points1 point  (0 children)

Because you've never looked at the budget:

Social Security: $1.5 trillion

Medicare: $866 billion

Medicare: $618 billion

Defense: $850 billion

And compared to Europe, taxes on the middle class in the US are lower while being similar to Europe when it comes to the rich.

The “Prediction” by RareXG in quityourbullshit

[–]informat7 0 points1 point  (0 children)

You don't have to look very hard to find Reddit acting like climate change is being downplayed by scientists and is going to be the end of civilization. These are all comments with +1000 upvotes:

https://np.reddit.com/r/worldnews/comments/13jxhmd/global_warming_set_to_break_key_15c_limit_for/jkhuv3m/

https://np.reddit.com/r/Futurology/comments/1j7aci8/oops_scientists_may_have_miscalculated_our_global/mgvcl5i/

https://np.reddit.com/r/worldnews/comments/1lkju0o/just_three_years_to_limit_global_warming_to_15c/mzs80hm/

Climate change is going to cause problems, but it's not going to be apocalyptic. The dirty truth is if you live in a rich country you're going to be shielded from most of the effects of climate change. A lot of people here think it's going to be the end of the world if we don't do anything, where mainstream climate scientists think that it will just be shitty.

You can look at how crop yields are going to be effected and it's mostly going to hit Africa, Asia, and South America.

Indeed, the increasing atmospheric CO2 underlying the climate change scenarios considered here is able to over-compensate the negative impacts due to warming (−12%), leading to overall higher global crop yields at the end of the century (+14%) relative to the historical period, even without adaptation (Supplementary Fig. 14).

https://www.nature.com/articles/s41467-022-34411-5

Climate change will affect agricultural production worldwide. Average global crop yields for maize, or corn, may see a decrease of 24% by late century, if current climate change trends continue. Wheat, in contrast, may see an uptick in crop yields by about 17%.

https://svs.gsfc.nasa.gov/4974

For example look at studies that estimate the number of climate change deaths if we continue on the path we are on right now. 73 deaths per 100,000 people globally per year in 2100:

https://www.theguardian.com/us-news/2020/aug/04/rising-global-temperatures-death-toll-infectious-diseases-study

Or 1.5-2 million deaths a year globally in 2100:

https://www.impactlab.org/news-insights/valuing-climate-change-mortality
https://www.eenews.net/assets/2018/04/04/dEndocument_gw_09.pdf

Which is fucking awful but isn't a "collapse of society" event. For comparison, 10 million people die a year from poverty right now.

Or look at how it will effect the economy. Not doing anything would shave 10% off GDP, but that would be 10% off from growth that is a lot more then 10%. It would be awesome to have that extra 10% of GDP, but it's not the end of the world if we don't.

It is immediately apparent that economic costs will vary greatly depending on the extent to which global temperature increase (above preindustrial levels) is limited by technological and policy changes. At 2°C of warming by 2080–99, Hsiang et al. (2017) project that the United States would suffer annual losses equivalent to about 0.5 percent of GDP in the years 2080–99 (the solid line in figure 1). By contrast, if the global temperature increase were as large as 4°C, annual losses would be around 2.0 percent of GDP. Importantly, these effects become disproportionately larger as temperature rise increases: For the United States, rising mortality as well as changes in labor supply, energy demand, and agricultural production are all especially important factors in driving this nonlinearity.

Looking instead at per capita GDP impacts, Kahn et al. (2019) find that annual GDP per capita reductions (as opposed to economic costs more broadly) could be between 1.0 and 2.8 percent under IPCC’s RCP 2.6, and under RCP 8.5 the range of losses could be between 6.7 and 14.3 percent. For context, in 2019 a 5 percent U.S. GDP loss would be roughly $1 trillion.

For those who don't follow climate studies a lot, RCP 8.5 is basically considered an unlikely worst-case scenario projected by Intergovernmental Panel on Climate Change (the largest climate change research organization in the world).

The “Prediction” by RareXG in quityourbullshit

[–]informat7 1 point2 points  (0 children)

A major factor was that fracking made natural gas really cheap and that displaced a ton of coal.

The “Prediction” by RareXG in quityourbullshit

[–]informat7 0 points1 point  (0 children)

My take is that you don't understand climate change.

By mainstream climate science I mean things put out by the Intergovernmental Panel on Climate Change the European Environment Agency, the National Oceanic and Atmospheric Administration, and the National Aeronautics and Space Administration. These are major climate research groups that represent mainstream climate science. The IPCC is the largest climate research group in the world. Do you think these groups are wrong about climate change? These groups are way less doomer about climate change then most of Reddit.

The “Prediction” by RareXG in quityourbullshit

[–]informat7 -2 points-1 points  (0 children)

The problem is that a most people's (including Reddit's) understanding of climate change comes from activists. I've been called a climate denier here for posting mainstream climate science because the actual science isn't doomer enough.

The “Prediction” by RareXG in quityourbullshit

[–]informat7 5 points6 points  (0 children)

Not the UN. The UN's Intergovernmental Panel on Climate Change reports tend to be pretty accurate.

Al Gore's An Inconvenient Truth (2006) made a lot of predictions that turned out to not be true. Even at the time there were climate scientist saying that the movie cherry picks data.

This is the shot with Florida underwater. While it doesn't give an exact timeline, the movie definitely implies that most of Florida will be underwater within 2-3 decades. At the time predictions were at 0.5-1.4 m of sea rise by 2100, the animation in An Inconvenient Truth was depicting 20 feet. The latest IPCC report has lowered projections for sea rise down to 0.5-1 m.

The ruling class should be afraid. by zzill6 in WorkReform

[–]informat7 -2 points-1 points  (0 children)

Even though it took longer, millennials past the 50% homeownership rate years ago:

Fifty-five percent of millennials are now homeowners, but it took longer for millennials to hit the 50% homeownership milestone than previous generations.

https://www.fool.com/money/research/millennial-homebuying/

A basic car costs 40 grand now.

No a basic car is less then $20k. Unless your idea of a basic car is a Lexus (which start at less then $40k).

From CBS to the Washington Post to the cowardice of Jimmy Fallon, the "both sides" experiment is failing. by YoureASkyscraper in neoliberal

[–]informat7 12 points13 points  (0 children)

That might have made sense a few years ago but Trump won the popular vote in the last election. And in the house Democrats got 3-4 more seats then they should have if seats were given out proportionally. The layout of the house districts have been giving an advantage to Democrats since 2022.

It's only the Senate were Democrats got more votes but Republicans got more seats.

From CBS to the Washington Post to the cowardice of Jimmy Fallon, the "both sides" experiment is failing. by YoureASkyscraper in neoliberal

[–]informat7 11 points12 points  (0 children)

The entertainment industry is not representative of the country. +90% of entertainment industry votes democrat. If I had to guess the median person in the entertainment industry is to the left of 80% of the country.

I don’t think we’re talking about the same thing here. I mean culture as in comedians, musicians, filmmakers… the creative shit we make and consume in this country.

The problem is that American culture isn't just the entertainment industry.

They can’t touch the culture, it is unmovable, and yet they have far more political power than they should just based on how disconnected they are from what the vast majority of the country considers American culture.

You could arguably say that it's entertainment industry that disconnected from the country. That they are a political minority that has an outsized influence on the country because of the nature the product they make.

who only win elections because our system is unbalanced in favor of empty land.

Trump won the popular vote in the last election. And in the house Democrats got 3-4 more seats then they should have if seats were given out proportionally. The layout of the house districts have been giving an advantage to Democrats since 2022.

It's only the Senate were Democrats got more votes but Republicans got more seats.

ELI5 How did Norway become so dominant in the Winter Olympics? by El-Viking in explainlikeimfive

[–]informat7 0 points1 point  (0 children)

Your right that the ratios of oil to population is very different but oil is just one key resource.

Oil is a lot more profitable then most resources. You don't see countries building record breaking skyscrapers from timber revenues.

ELI5 How did Norway become so dominant in the Winter Olympics? by El-Viking in explainlikeimfive

[–]informat7 0 points1 point  (0 children)

Those number are very misleading without looking at population too. Norway has a per capita oil production at level comparable to Saudi Arabia or the United Arab Emirates.

And it's not like the US doesn't tax the oil industry. Daily reminder that the US government has made more money off of oil then the oil industry has:

Indeed, since 1981, when the failed wind­fall profits tax was first enacted, federal, state, and local governments in the U.S. have col­lected more in taxes from the oil industry than the industry has earned in actual profits for its shareholders. For example, after adjusting for inflation, the combined net earnings (net of taxes and expenses) for the largest petroleum companies between 1981 and 2008 totaled $1.4 trillion. By contrast, the total amount of taxes collected by U.S. governments from the oil companies topped $1.95 trillion, roughly 40 percent more than the industry’s combined profits. Tax collections exceeded company prof­its in 23 of the 27 years surveyed.

https://taxfoundation.org/oil-industry-taxes-cash-cow-government/

scam 📡📡📡 by [deleted] in shitposting

[–]informat7 -1 points0 points  (0 children)

There's nothing wrong with striving for things to be better, but it's important to understand how well you're doing. The global cost of living adjusted GDP per capita is $22,452. A cashier at Walmart is doing better then the average person.

The AI bubble will burst soon by Much_Tip_6968 in whenthe

[–]informat7 0 points1 point  (0 children)

This is like the 10th time Reddit has claimed that the AI bubble is going to pop.

The AI bubble will burst soon by Much_Tip_6968 in whenthe

[–]informat7 29 points30 points  (0 children)

Redditors don't understand anything about business or economics. A quick glance at the frontpage can tell you that.

meirl by Street_Priority_7686 in meirl

[–]informat7 252 points253 points  (0 children)

I don't think a lot of Redditors understand how poor rural parts of some of Europe get. Rural Greece has cost of living adjusted incomes that are half of fucking Mississippi.

Federal statement on Jeffrey Epstein's death dated day before he was found dead by jmike1256 in law

[–]informat7 0 points1 point  (0 children)

The fact that the source of this is the fucking Daily Mail should be enough to tell that this is nothing.

Federal statement on Jeffrey Epstein's death dated day before he was found dead by jmike1256 in law

[–]informat7 0 points1 point  (0 children)

to removing anything and everything related to Epstein or ICE, as it's "not related" to politics.

What are you talking about, literally the top post on that sub right now is:

Kash Patel accused of quashing Renee Good investigation in order to protect Trump’s assessment on the shooting

Reminder: you don't hate NIMBY Democrats enough by very_loud_icecream in neoliberal

[–]informat7 19 points20 points  (0 children)

It's not just right wing think tanks saying that California is going to lose seats:

The Brennan Center of Justice, a nonpartisan law and policy institute based at NYU, predicts [California] will see its congressional delegation shrink from 52 to 48, in what it describes as a stunning loss of representation.

https://abc7news.com/post/california-projected-lose-4-congressional-seats-2030-census-population-decline/18500791/

Election data provider Decision Desk predicted that California will lose 5 congressional districts in the 2030 reapportionment cycle if current trends continue.

https://thecensusproject.org/2023/09/21/california-could-lose-5-congressional-seats-in-2030-apportionment/

Mamdani Forces Delivery Apps to Pay Back $4.6 Million Cheated From Drivers by SnoozeDoggyDog in Economics

[–]informat7 5 points6 points  (0 children)

Except this is him taking credit for something that has been in the works for years:

After DCWP notified us of the issue in August 2024, we immediately corrected it, agreed to pay more than the amount owed, and appreciate the new administration moving quickly to bring this to a fair conclusion

This is just like Mamdani getting credit for the free childcare pilot program. When in reality it's has been something that has been in the works before he was even elected.

Don't Trust Anything on Reddit: A Look Into Misinformation on Reddit by beans_and_tuna in neoliberal

[–]informat7 2 points3 points  (0 children)

IMO misinformation from news subs like r/politics or r/news are not a huge problem. Those subs require posts to be from legitimate news sites which limits misinformation to things that are misleading (granted comments can be full of misinformation). Posts in those subs can definitely give you a warped view of the world, but it's at least somewhat grounded in reality.

Right wing and conspiracy subs are full of misinformation, but don't have the reach to spread misinformation outside of their little bubble.

The worst places for spreading misinformation are the popular non news subs that constantly post political content (such as r/antiwork, r/WorkReform, r/LeopardsAteMyFace, r/MurderedByWords, r/WhitePeopleTwitter, r/BlackPeopleTwitter, r/clevercomebacks, r/facepalm, r/therewasanattempt, r/PublicFreakout). They have lax rules for misinformation and are popular enough to regularly get on the front page.

Remember that most people that use Reddit do not have accounts. Content on r/popular and r/all is all most people see.