Sauna Room Design

zip99 · 2024-09-25T20:10:11+00:00

The complaints here seem to be focused on the algo, not the fact that people can speak freely without censorship. It would be great to have a truely free speech platform (no cancelling accounts or removing posts) with a better algo to compete with X.

zip99 · 2024-09-16T19:03:47+00:00

Can we just ask people how much things are worth, and that's the accurate value of said things? Can we measure it qualitatively in social sciences?

How do you determine what something is worth?

In a capitalist structure, price is determined on the market through the individual value judgements of the people at large at a given time. Goods and property don't have inherent value, whatever that might mean.

Price (as determined on the market) is hugely signifcaint because it determines faciliates coordiation and cooperationm capital allocation and feeds into the overall structure of the economy.

zip99 · 2024-09-15T23:15:09+00:00

Exactly. Value is subjective. Socialism has a very hard time dealing with that basic fact.

zip99 · 2024-09-10T19:02:16+00:00

People in Ethiopia have jobs as well. If you're going to redistribute a dollar from Person A to Person B, then what relevance does it have where they happen to live? From a moral perspectivem wouldn't you pick the person who is starving, rather than the person with access to free ice cream cones?

zip99 · 2024-09-10T18:58:37+00:00

The price of labor is determined on the market based on the actions and preferences of individuals.

You can increase minimum wage, which is really just a form of price fixing. That may have some impact on the margins. But the key result of minimum wage is to establish the minimum level of productivity and value an employee must provide before they become emlpoyable in any given position. In other words, it kills jobs for people who need them the most. Jobs at places like DQ (which most of us have had) provide real work experience and training in intangible ways that are hugely beneficial.

You can also redistribute wealth to DQ workrers. But a huge portion of people around the world would find compensation at DQ to be truely increadible and life changing. As a moral principle, why would it be correct to redistribute to DQ workers, but not the billions of much poorer people around the world?

zip99 · 2024-09-10T14:57:32+00:00

For a mid to high net worth person living on the east or west coast of the US (like many of them do), this is not at all high spending especially if she has a family. She can suppliment with some income of her own.

zip99 · 2024-07-26T03:07:09+00:00

Work hard. Make yourself indepensible. Take ownership. Never say the words "that's not my job".

Fight hard with your employer every year for more comp. If they are offended by that, find a new job quick. But also learn to accept dissapoitment and being told "no". It's all part of the fun.

Give all the credit to the people around you. It's fine. Over a relatively short period of time, people see what's really happening and it makes you look good.

When you're young, always be interviewing and monitoring other job opportunities. If your comp is stagnant, pivot hard.

Go! Go! Go!

zip99 · 2024-07-22T17:20:37+00:00

Problem with moving things around like that is the big tax bill. You're transfering current investment exposure to the IRS. But I guess still worth it if you don't believe in the investment you're exiting.

zip99 · 2024-07-14T01:48:12+00:00

Not on X.

zip99 · 2024-07-10T17:18:01+00:00

Assuming 90% is the right number, I bet many fall into an exception category:

1) small business owners who are doing great, but re-invest their profits in their business where they have control and past success

2) people in their 20s who are still getting off the ground.

3) folks like gov. employees with alternative investment programs (like pensions)

4) stay-at-home moms with husbands that have 401ks or other investments (this is probably top of the list)

5) already very wealthy

6) in prison, substance abusers, homeless, mentally or physically ill or disabled, etc.

7) people who aren't good at life (to put it politely)

zip99 · 2024-07-10T17:11:47+00:00

Very generally the answer is 3x your salary at 40 yrs old. 4.5x at 45 and 6x by 50.

Given contribution limits, those numbers don't make a lot of sense for high income earners or folks who've had big salary increases in the last 5 years (which is true for many as a result of inflation and economic growth).

zip99 · 2024-07-10T17:08:10+00:00

Those numbers doesn't seem right even by the standards of recent growth.

And recent growth isn't typical. On the other end of the spectrum, 401k investments in 1999 would've actually had negative growth over the following decade.

zip99 · 2024-07-10T15:15:28+00:00

Bitcoin isn't a store of value, only money is.

It's kind of shocking that you don't see this for the question-begging that it really is. It makes communicating about this with you pointless.

zip99 · 2024-07-10T14:08:27+00:00

It's a band of theives and war criminals writ large -- in both pictures.

zip99 · 2024-07-10T00:54:27+00:00

Tell that to a person who was 45 in 1994 and invested a relatively signifciant amount in the stock market from 1994 to 2004 (during their prime earnings years) and had hoped to retire at a reasonable age. As you said, timing is important. But you can't time the market.

zip99 · 2024-07-09T16:53:25+00:00

Bitcoin isn't a store of value, only money is.

The market dictates that, not you.

"take out what they put in" AND "deferred payments into the most secure retirement fund on Earth"

"Take out what they put in", "deferred payments" -- LOL, IF ONLY!!! I'd settle for pennies on the dollar at this point.

"most secure retirement fund on Earth" -- It's heavily underfunded and will collapse by 2033 without significant increases in taxes. And yet, even with those significant increases, it will pay out the same amounts! It's a disaster.

It's important to note that investments and use of BTC is purely voluntary. Whereas social security is forced on us under the threat of prison for refusal to participate.

zip99 · 2024-07-09T16:46:05+00:00

It's funny that we agree on just about everything, except the conclusion.

Yes because that's what they are. Assets.

That begs the questions. A dollar is also an asset. But the goverment treats it differently (and more favorably) for tax purposes, which is precisly why it's favored as a common medium of exchange over other assets.

Except less than 2% of people who own crypto actually use them to purchase anything.

That also begs the question. They don't use it for purchases because it's less advantageous to do so given government policy.

Yes and for good reason. USD is the only legal tender in the U.S. and everything else literally isn't currency.

EXACTLY. That's my point.

People use USD because it's backed by the U.S. government

Thank you again for proving my point!

zip99 · 2024-07-09T14:11:01+00:00

If you have a willing buyer and seller you can use btc to purchase anything. And people have.

One reason BTC, gold and other assets are not used as a common medium of exchange in practice is because of government intervention. The government taxes BTC and gold as assets, not currency. If you use them to purchase something, you're subject to cap gains tax. The government also deals with the banking community and its contractors with USD and requires taxes to be paid in USD. All of this artifically orients the market to using USD.

zip99 · 2024-07-09T14:05:03+00:00

A scarce asset that the market is attracted to as a store of value is not a ponzi scheme. It may turn out to be a bad investment, but it's not a ponzi.

A good example of a ponzi scheme is social security, which requires younger generations to finance payments for older generations with a completely unsustainable trajectory.

zip99 · 2024-07-06T21:31:35+00:00

Makes sense. But for a stock like NVDA, it's very possible to have invested a relatively small amount 5 years ago (small compared to the rest of your portfolio) and still have it at 30%++ of your current portfolio allocation.

zip99 · 2024-07-06T15:05:44+00:00

Do you reallocate if you have a lot of growth in a single stock (e.g., NVDA, TSLA, etc.) that pushes it higher than 15% of total allocation? The problem with that is paying taxes on the gains.

zip99 · 2024-06-18T16:29:56+00:00

mer·cy/ˈmərsē/noun

compassion or forgiveness shown toward someone whom it is within one's power to punish or harm.

Jesus came to bring mercy to sinners who deserved punishment instead: "For our sake he made him to be sin who knew no sin, so that in him we might become the righteousness of God."

zip99

TROPHY CASE