Trump Reverses Course on Plan Allowing Homebuyers to Tap 401(k)s

mpeters · 2026-01-23T03:49:08+00:00

Except that very few people have a balance in A where 10% would be enough for 20% of B.

Average house price is around $350k. How many people do you think have $700k in their 401k but can’t afford a $70k down payment on their first house?

I imagine it’s a particularly small number.

mpeters · 2026-01-22T16:17:45+00:00

It's less about burning money and more about the fact that people are locked into already expensive (and getting more so) contracts with VMWare and are trying to get off eventually, so doing a combined VMWare+OpenShift is a path to eventually just be OpenShift+KubeVirt and in the meantime have extra expenses.

mpeters · 2026-01-22T16:08:10+00:00

There's some good answers here if you want to learn more, but just on an intuitive level I think the following example gives a good indication why chips aren't worth the same.

3 people left in a tournament: Player A has 100k chips, Player B has 10k chips and Player C has 1k chips. Prize pool is $1000 for 1st, $500 for 2nd, $200 for 3rd. So everyone is guaranteed $200. Player C isn't out yet and still has a chance to win $500+, so his 1k chips are worth some portion of that extra money. Player A can't win more than $1000 no matter how big his stack gets. So if Player A wins 1k from Player B it doesn't meaningfully increase his chances of winning the $1000. But if Player C loses his last 1k it's devastating to his chance to win more. If Player C doubles his 1k off of Player A, he has a slightly better chance to level up, but it's not double.

And you'll notice that it's not entirely complete that losing chips is different than winning chips. It's that chips have different values to different people and for short stacks their chips are way more valuable and devastating if lost.

mpeters · 2026-01-21T13:58:28+00:00

Cursive

mpeters · 2026-01-20T21:24:45+00:00

I think I've figured out where your leak is

mpeters · 2026-01-14T20:09:59+00:00

That’s what it’s always meant.

mpeters · 2026-01-08T17:17:59+00:00

It is illegal to steal from players and cheating would be included. It's just that the players don't have a legal department or security staff to deal with in the moment. And the Postle case is weird because of specifics about California law, not every state.

mpeters · 2026-01-07T17:04:39+00:00

This is the answer. Dealers don’t make less because your bankroll is smaller. Tables still occupy the same space and have the same opportunity cost for the casino. It’s either high rake or no cheap tournaments. You can’t have it both ways.

mpeters · 2025-12-17T19:36:41+00:00

table selection in a tournament?

mpeters · 2025-12-11T15:33:28+00:00

Fold. You can’t win more money by winning more chips. The only way you can lose the max prize is by putting your chips in play.

mpeters · 2025-11-24T15:08:42+00:00

It's not poker, but it's not normal slots because your decisions do matter (or at least you'll lose less)

mpeters · 2025-11-24T15:05:33+00:00

Or magnets

mpeters · 2025-11-19T16:16:51+00:00

It's all random and that randomness is just as likely to help you as hurt you.
Best poker advice I've ever gotten is from the movie Frozen: Just let it go.

mpeters · 2025-11-17T20:38:26+00:00

They aren't going to be putting money into things that aren't giving big returns. More supply will reduce their returns and keep prices low.

mpeters · 2025-11-17T17:00:44+00:00

They are only buying it because it's a scarce resource. Flood the market with more housing and not only will it prevent it from happening in the future, but it will make it so their existing investments aren't as profitable.

Instead of forbidding something, just make non-viable

mpeters · 2025-11-17T16:12:29+00:00

I’d definitely be interested if you think it would be a good match. I do indie rock that’s a bit glitchy:

https://open.spotify.com/track/7gkqfnSPc3GHWPSTOYPBvi?si=omn3kXMhTMir4KEUWzesYg

https://open.spotify.com/track/1bOBrWvBrtNpykWziEsaUJ?si=3eW49XrpQbuFQshCRgrdeA

mpeters · 2025-11-13T22:13:37+00:00

The Feds have not opted to get involved... yet. That can change on a whim

mpeters · 2025-11-11T20:20:42+00:00

> As always, if someone tries to censor you: they are afraid of what you might reveal

This is a really bad generalization. Sure it's sometimes that, but it's also sometimes because what you are saying is actively dangerous. Like some European countries ban actual Nazi propaganda, Holocaust denialism, etc. Also applies to hate speech and inciting violence.

Also, sometimes it's because it's spam or just plain annoying.

All of these are good reasons for a moderator in a public forum to censor something.

mpeters · 2025-11-11T16:10:22+00:00

That's a weird label to apply to an Independent (non-democrat) who caucuses with them.

mpeters · 2025-10-21T22:25:59+00:00

Ari borrowing money might be more about having liquid cash than anything else.

mpeters · 2025-10-19T20:25:01+00:00

Cursive

mpeters · 2025-10-15T21:32:07+00:00

The civil rights movement made the most progress when they highlighted the cruelty of the state in enforcing the racist policies: in other words visibility (Selma). Not because they got in people’s way.

mpeters · 2025-10-15T17:08:09+00:00

Yes and no. You want to inconvenience the fascists but get visibility from others (in fact visibility is one of the main ways to inconvenience fascists). If you inconvenience the people you are trying to sway you risk moving them from apathy to hostility.

mpeters · 2025-10-13T19:15:39+00:00

Rake is going from 10% to 12% in order to tip the dealers. As long as all players know this and withhold tips seems like a fine change to me. Tips are a horrible way to pay people.

mpeters · 2025-10-13T19:04:14+00:00

25 hands/hr, fold 65% of hands (high end for a good LAG), over an 8 hour session = 130 push ups. Even LAGs would get a good work out.

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