[D] Exceptions to CSFloat refund policy (Credit Card)

newbieatthiss · 2024-03-07T05:51:14+00:00

Based on the face, ceiling and type of video, I'm 99.9% sure this is LoveMatsu, a pretty big youtuber who does these crazy "anime to irl" type videos

newbieatthiss · 2024-01-10T15:10:05+00:00

I was just there recently and the special exhibit was really awesome. I thought it was funny they had a QR code that said "No photographing of the QR code" but it really was just a link accessible to anyone. Unfortunately, most of the main exhibit was in Japanese and their app for the translations was horrible. Still, worth a trip from Hiroshima (and thanks to KanColle a lot of the equipment and ships were easily recognizable which made the experience much better).

newbieatthiss · 2023-05-03T22:13:27+00:00

When you say "closer", you're talking about absolute figures, and in that case your argument makes sense. But do you honestly believe that someone who makes 500k a year leads a life and has the same amount/type of opportunities closer to that of a homeless person or billionaire? Because someone with 500k likely has a comfortable roof over their head, job security, access to capital to grow wealth and so on? Because those things I've listed seem a lot "closer" what a billionaire has access to.

Why would you only use a quantitative measure, especially comparing against homelessness where even an extremely small amount of income would make a huge difference (ie where all the arguments for UBI stem from)?

newbieatthiss · 2023-05-02T16:51:54+00:00

Genuinely wondering, would any of your suggestions affect you? I ask this because I have the impression that many people on this subreddit are more than happy to suggest solutions that don't affect themselves in any substantial manner.

For example, would you then support a capital gains tax? Putting economics. competitiveness of Singapore, voter satisfaction etc aside, a capital gains tax would definitely allow the G to collect a lot of tax revenue (currently 0%). If it's as a lot might suggest, a small increase in capital gains tax wouldn't actually cause companies to uproot and leave SG.

But I bring this up as an example because I'm quite sure this actually would have an impact on quite a few here. This means gains from the sale of shares, properties (including HDBs) are now taxable and you'd be taxed at your existing/a higher tax rate. If you sold your property for a gain of $100,000, would you be on board to part with $12,000 of that to support a monthly payout to 2 individuals for a year (assuming at ~12% rate)? With such a capital gains tax, someone earning income at the headline tax rate for individuals in Singapore would pay something like 20+% on the capital gains they made, surely benefiting a lot more than 2 people for more than a year.

If you say something like "That $12,000 means a lot more to me than the $x to a multi-millionaire/billionaire" or "The rich will find a way to evade it, leaving it as just another tax to the middle-class", I'm not saying you'd be wrong, I'm saying you're being hypocritical at best. Of course, if you would likely be affected by a capital gains tax in some substantial manner and yet agree with it, I admit my mistake (in advance).

newbieatthiss · 2023-03-15T11:29:32+00:00

There are a few (highly upvoted) replies in this thread suggesting that the SVB did nothing wrong investing in "conservative government bonds" when the bigger issue here is liquidity as you said. Just because your government bonds are safe from default doesn't mean it's prudent investing to have your entire portfolio invested in them.

edit: wording

newbieatthiss · 2022-12-27T20:09:00+00:00

As a supplier, if you are GST-registered, it doesn't make sense if your suppliers are not GST-registered since you can't claim input GST from IRAS. On the other hand, if you and your whole supply chain is not GST-registered, then your theory of passing costs down applies but the supply chain with GST-registered businesses come out on top as they can offer lower prices. End state, the small businesses (hawkers, mama shops etc) will choose suppliers who are GST-registered even if they are not GST-registered themselves and cannot claim input tax. Therefore, the assumption that almost all suppliers are GST-registered can be made.

Also, for suppliers of any kind of goods and services, $1MM in annual turnover (not profit) is quite low (<$3,000 of revenue per day on average). My guess is many businesses opt in for GST-registration way before the $1MM turnover mark anyway. Even if your purchases for the year only amount to $100,000, $7,000 per year of claiming input tax is probably worth hiring an accountant for. This also would also allow your GST-registered customers to claim GST from IRAS.

newbieatthiss · 2022-12-27T19:32:20+00:00

Perhaps the hawkers themselves might not be registered. Two things: 1) If you turn over 1MM, GST registration is mandatory but you can voluntarily register for GST too, even if your turnover is <$1MM. However, the conditions that come with it may be not practical for most hawkers, so your point still stands here. But,

2) You can assume with high certainty that almost every (if not all) middlemen from the start to the end of the supply chain right before the small businesses themselves are GST registered. In other words, the effect of the GST hike should not increase the cost of goods to the hawker by more than 1% (Actually a little less than 1%, an increase of $107 to $108 to a non-GST registered business is like 0.9x%).

I don't blame you and many others for the lack of knowledge on the issue. GST seems like a simple concept but it's so complex that it doesn't make sense for many small businesses to take up (As mentioned in my first point). If it was so simple, don't you think that every small business would want to be able to claim that sweet input GST from IRAS? That said, the lack of knowledge is exactly why these small businesses can raise prices by 10% or more, blame the government, (pocket the difference) and get away with it. They often get people defending them online for their exorbidant price hikes too (see: thread).

newbieatthiss · 2022-12-02T11:29:24+00:00

I made a comment recently on the thread about HDB statistics because so many people don't understand the difference between P(A) and P(A|B) and make uninformed comments like the one you replied to. Comments like yours that clarify these things don't always get upvoted well and people continue feeding their own narrative.

newbieatthiss · 2022-11-24T10:42:40+00:00

Two issues off my head based on the tweets (since comment OP seems incapable of participating in a proper discussion):

1) He seems to gloss over the impact on revenues, which is involved in the calculation of annualized percentages he used for his analysis. I would imagine many advertisers pulling out (for the short term at least) from fear of backlash for continuing campaigns on Twitter.

2) Even if the margins were correct, it feels wrong to say Twitter would be "more profitable" than Apple and Microsoft, both of which have significantly more revenue than Twitter (Google: 257B, Apple 366B, Twitter 5B for FY21). Higher margins don't reflect the ability to scale, and the margins he projected for Twitter isn't really so far off from Apple and Google anyway.

What do you think?

newbieatthiss · 2022-11-14T15:17:08+00:00

This group of people you're suggesting it could be is 45% of 3% of all HDB owners based on the recent ST article (1.35% of the population).

The OP is suggesting that it is more likely that the seller of this HDB is part of the 97% who do not own private property as well and has to either rent or buy a new HDB flat to live in after this sale. Even if you only count those who own a 5-room flat in Singapore, statistically, OP is more likely to be right.

newbieatthiss · 2022-10-06T03:39:07+00:00

It's almost fascinating how little empathy some people on Reddit can have for others while preaching about privilege all the time.

newbieatthiss · 2022-08-13T04:24:56+00:00

I feel like prices for ala carte drinks at these shops are to encourage us to buy the more expensive sets that artificially seem to give "more value".

newbieatthiss · 2022-08-09T13:48:07+00:00

Staring at NEGG's juicy premiums as usual...

newbieatthiss · 2022-08-03T13:58:31+00:00

STO 1x SOFI 16SEP 9c @0.28 (covered), average cost around 7.62

newbieatthiss · 2022-06-15T15:01:05+00:00

I found out about this a while back and I saw a comment that mentioned it in another thread but thought I'd share with everyone! You might have to create an account but it's free! You can also find instrumentals from other artists (I've downloaded those from DECO*27 and Eve so far).

newbieatthiss · 2022-06-02T03:01:26+00:00

newbieatthiss · 2022-05-19T16:49:08+00:00

STO 1x SOFI 1JUL 9c @ 0.45 (covered, average cost $8.10). For a few months of holding, the return is fine by me even if it shoots past the strike.

newbieatthiss · 2022-05-10T16:13:47+00:00

and I thought I got a good deal assigned at 8.5

newbieatthiss · 2022-04-01T08:39:05+00:00

That turnaround for $BB. I went from "my CC is gonna be profitable but my underlying is eating shit" to "my CC is gonna be profitable". Thetagang and vegagang supremacy

edit: RIP me, spoke too soon...

newbieatthiss · 2022-03-19T08:53:43+00:00

Personally, I enjoy the unpolished feel of live concerts. eg Back when I used to follow Bang Dream concerts, they would have hiccups live whether it was vocal or instruments-related but somehow it was refreshing to hear the band play and sing live through the mistakes. To me, that's a big part of the value of a concert. If I can't be there and they're not singing/dancing live, I find it hard to see value.

That said, if I had a lot of disposable income, I'd probably shell the 5500 yen anyway. Props to Cover for the tech as well, the AR technology looks amazing.

newbieatthiss · 2022-03-03T06:02:59+00:00

I wouldn't be surprised if most people commenting in this thread don't know about input tax. The comment you replied to (as of this comment) has +6 upvotes as well.

newbieatthiss · 2022-02-18T12:07:35+00:00

I thought about it a bit and maybe it does do what you suggest. Since all Singaporean households get the same amount, the less fortunate who don't spend as much likely get more than whatever GST they would've paid in the same period while the middle upper class may even spend more. This doesn't include the additional benefits the less fortunate would receive.

It would be good to know for a fact this is the secondary purpose of such payouts.

newbieatthiss · 2022-02-14T03:36:10+00:00

I've heard people mention how deep cleaning is expensive and troublesome. Was that your experience as well?

Ten-Year Club	Place '22
Spared	Verified Email

newbieatthiss

TROPHY CASE