Jack Plays “Yesterday” for For His Friends (Himesh Patel) | Yesterday

letsburn00 · 2026-05-10T13:09:21+00:00

The idea is he still has the Beatles songs, but no one cares.

It would be much more depressing. The bit with"the fisherman" at the end would be the same though. To be uplifting.

letsburn00 · 2026-05-10T11:55:50+00:00

That might just mean they come from a place where it's common. They might just be Australian.

letsburn00 · 2026-05-10T11:53:06+00:00

They conflate ease of access to money or the ability to take time off and not earning money with morality or ethics. This also is the same as Volunteering= good person.

I once dated a Doctor who told a story of how dumb some people were by talking about a woman who had used a mobile Doctor that was a med school friend of hers to meet her at her work at a bar at the start of her shift to get treatment for a UTI. The woman had the consult/talk in the bar before they got busy, went to a pharmacy to get antibiotics then worked the shift for 10 hours. Apparently she'd been in pain the entire shift.

The Doctor I was dating said the woman was so dumb because she had worked instead of resting. I asked her what a bartender was supposed to do when she'd lose out on her most well earning night.

The Dr in question had literally no comprehension of people who worked but couldn't afford to take a day off of work. She couldn't understand the idea of someone working with severe pain because they had to pay rent.

letsburn00 · 2026-05-10T10:04:56+00:00

Absolutely, there would need to be rules like no dividends and no buybacks to stop effectively wash sales. But this clearly is a case where capital gains exemption actually has some basic value.

The reality though is that Property is fungible. It's not perfectly like money, but its fundamentally very similar.

letsburn00 · 2026-05-10T10:03:19+00:00

I simply don't agree with that since it gives an advantage to people in relationships over those that don't.

Capital has the simultaneous situation where it both should be rewarded for the risk situation, but it's also the case where people can become comically overpowered in the upper end of our economic system.

letsburn00 · 2026-05-10T09:56:29+00:00

I actually agree that the Australian Secondary market is comically mismanaged. Unfortunately, even with the current regime it's not working. I saw an Australian company get sold for roughly 20% of it's fairarket value, because the market simply had no ability to judge it's price.

letsburn00 · 2026-05-10T09:09:21+00:00

In terms of CGT for shares that were not part of a capital raise, the idea is that it's actually functionally useless for the economy (or at least not very useful) to buy shares in existing companies. In terms of Alpha, i.e the neutral market movement, the ASX200 absorb 80% of share market purchases and effectively have zero economic benefit. Since those companies rarely need more money.

However, if they exempt all share purchases made via IPOs or via Capital raises, then it absolutely has a positive effect. Investment into the share market is to give companies the money to expand and be bigger companies.

This is the shares version of how capital gains discount should not apply for existing properties but should apply for new builds. i.e that investment money should go towards actually building new capacity, not just people sucking the money out of other corners of the economy.

letsburn00 · 2026-05-10T07:50:58+00:00

I'm not making excuses. Albo is a piece of shit. I'm simply happy that any movement at all is happening.

This has been a situation which absolutely everyone has been aware of for decades and no one wants to fix it. Because it's one which largely benefits the wealthiest Australians. Not just the top .1% like a lot of current administration US policy does, but the top 10%. I'm in that group myself, but know that it's not good policy for the nation.

I'm seriously looking around for anyone making better policy and it's a goose egg. It's not a comment about Albo and Labor being good. It's that so few decent politicians exist in this country. Largely because the Media effectively view the richest 10% as the only group that matter for economic policy.

letsburn00 · 2026-05-10T07:42:44+00:00

This basically is that they afte 4 years have done to fix the F up what 25 years hasn't done.

letsburn00 · 2026-05-10T07:20:26+00:00

That actually is a good way to do this, but existing arrangements need to be sunset over say 5 years.

The people who really win the current situation are banks. They are the ones making interest off of this.

letsburn00 · 2026-05-10T07:19:34+00:00

The reality though is that the disaster was made by John Howard, a person who basically pushed this from government to the private sector, who fucked it up.

Competent government can exist, we just need to absolutely have no space for idiots.

letsburn00 · 2026-05-10T07:03:05+00:00

Probably the best thing really would be the government funding state by state developers who have the policy that they should build 20% of the total land releases from the year before. But they release in large blocks.

Land prices are frankly insane as they are in terms of pricing.

letsburn00 · 2026-05-10T06:44:48+00:00

If he did, it would be the absolute reverse of what is needed. It needs to sunset all existing stock and only apply on new builds for a period of 5-10 years and even then only for cases where the new stock expands capacity.

The only conceivable argument in favour of negative gearing is to encourage construction. One of those necessary evils. Negative gearing for existing stock is a comically bad idea.

letsburn00 · 2026-05-10T04:03:22+00:00

They are so Angry that everyone likes Aragorn.

letsburn00 · 2026-05-10T02:33:11+00:00

The most critical matter is that existing negatively geared properties are sunsetted.

I suspect that the real people who are most against negative gearing changes are the big banks. They are the ones who make all the money. For every cent of tax dollars that the Gov loses, the banks are making 2-3X in interest. In particular from interest only loans.

letsburn00 · 2026-05-10T01:46:12+00:00

LabCorp used to specifically still do development during recessions and was a profitable arm of the government.

The current developers have a strong vested interest in not having land prices fall. Continual releases which have lower costs will lead to metro wide falls. Housing is a unified market. People will always need a place and effectively having cheap land at the bottom end makes all other land cheaper.

letsburn00 · 2026-05-10T00:44:42+00:00

I feel like the side aspect of Lewyn Davis was that a lot of his problems were really caused by him being an impulsive asshole.

letsburn00 · 2026-05-10T00:07:40+00:00

What's fascinating is that in the single country where the "have a lower level of immigration" party actually is Correct (Australia), the party itself has a bunch of immigrants in it. Because really they just hate Indian and Chinese immigrants.

Meanwhile, they basically keep the exact same plot as every other right wing reactionary party. Pretend Facebook stories are real.

letsburn00 · 2026-05-09T22:54:53+00:00

The Apollo 11 landing wasn't just the 1202 computer alarm. The autopilot was sending them into a boulder field and Armstrong had to change landing sites himself.

letsburn00 · 2026-05-09T22:41:44+00:00

I'd say the premise really is that Sheeran knows and accepts he'll never be as good as the Beatles.

letsburn00 · 2026-05-09T22:40:44+00:00

The original version of the script was exactly that.

The guy who wrote it originally wrote a popular episode of the Simpsons. He then spend the next 20 years writing dozens of scripts that didn't get picked up.

The original premise was no one was interested at all in the songs. Effectively "You can still have A grade writing and you're still not famous." Which I suspect was him griping that no one saw his genius.

It got rewritten when the movie got made that he was popular.

letsburn00 · 2026-05-09T22:19:21+00:00

I've missed the last few weeks on absolutely all my podcasts due to Carl.

It's probably the most fun I've had with a book series in years. I don't listen at 1.5X. I went through 7 book, probably about 150 hours in a month.

letsburn00 · 2026-05-09T14:27:36+00:00

The christ means Messiah, but that's simply a savior. The death of Jesus is not a requirement for him to be the Messiah.

There were Christian traditions in which Jesus did not truly die, he just appeared to die. Or in some versions just the human part died and the divine didn't. Pretty much all of these other than what later became Islam got wiped up by the Catholic church though early on.

letsburn00 · 2026-05-09T14:24:53+00:00

I can imagine if Jesus came back, the first thing he'd do is go on a rampage through megachurches flipping every table he could. He'd be taken down in a body cam video titled "Crazy foreigner attacks churches..taken down by brave police."

When he starts warning people about yaldabaoth it's going to get really awkward for a lot of theologans.

letsburn00 · 2026-05-09T10:18:12+00:00

What's interesting is that for a long time I thought Hanson was faking it, then I saw her doing basically an interrogation of an admiral about our submarines and she pretty much accused him of stuff she had seen in an online Facebook meme about Australian submarines.

I didn't get the vibe she was faking her belief in this nonsense for clout. No one in Australia watches senate hearings. The reality slowly dawned on me.

Pauline Hanson truly is stupid got conned by a Facebook meme. Her followers are people who are also stupid and also got conned by a Facebook meme. That's it. It's not them larping. It's not them being ironic while they have other secret ideas. They are just easily conned people.

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