dream_weasel
@dream_weasel@iusearchlinux.fyi
- Comment on But how would they be able to live on that? 7 months ago:
Sorry I guess then I don’t understand the distinction you’re making? It’s not as though stocks are not liquid (or that margin loans are not) or that stocks are all funny money. I suppose if the tax rate was so exorbitant that selling stock would tank the share prices these ultra wealthy folks are holding them I see your point. I don’t think these numbers are that high though.
I agree if you’re saying that the cash-out net worth of these people is lower than their market valuations, but I doubt that it’s so much lower that they are no longer ultra rich. Besides, stocks are still assets to borrow against which is how the game is played at that level, so while the number is “fake” it’s also kinda not.
- Comment on But how would they be able to live on that? 7 months ago:
NBD, I saw this first actually.
- Comment on But how would they be able to live on that? 7 months ago:
True fact. That said, where I live A10s fly out of Grissom AFB still all the time.
- Comment on But how would they be able to live on that? 7 months ago:
Yeah it’s taxed at a much lower rate. Short term capital gains is a real bitch. Long term isn’t so bad unless you’re liquidating a lot… Like enough to buy a house or car or something we are discussing now. Over 450k ish is taxed 20%, but you can get a loan for 3 to 12 percent AND it’s tax deductible lol.
Really, if you aren’t rich with stock you are getting F-ed in the A…
- Comment on But how would they be able to live on that? 7 months ago:
Well, if you take the current US “budget” as $4T per year, it’s a bit over $10B per day. So yeah it runs for more than a day.
Of course, this should be treated the same way as if you were to lose your job: you probably cut your expenses so as not to spend all your money in the first 2 weeks. Maybe the US would finally stop paying for tanks the army doesn’t want?
- Comment on But how would they be able to live on that? 7 months ago:
You’re mostly right here, except stocks are an asset you can take a loan against with a margin loan or a line of credit. I suggest if you are doing that it SHOULD count as realized gains because you absolutely can use such a loan to buy a house, a car, a yacht, an island in the South Pacific, or an aircraft carrier.
- Comment on Finally, someone to take care of the three frogs in my yard! 7 months ago:
Or at least the same number of numbers.
- Comment on How does the day-to-day work of not wearing shoes in the house? 7 months ago:
Doesn’t this defeat the point of taking your shoes off inside? If your concern is tracking in dirt or germs on your shoes, tracking them on your feet is arguably worse unless you’ve got foot wash stations at the doors.
- Comment on How does the day-to-day work of not wearing shoes in the house? 7 months ago:
My feet are kept warm by keeping my house at a temperature where I am comfortable.
- Comment on Cable lobby vows “years of litigation” to avoid bans on blocking and throttling 7 months ago:
I have a pretty reasonable grasp of delta V. While my comment is flippant, you can launch Eastward from the equator any day and end up in space: deep space if you have sufficient velocity (though usually you’d do that with one or more gravity assists). The sun is the only other place you can go any day, but there’s huge angular velocity to overcome to make a direct shot.
It really really is the case mathematically that if you just want to go to deep space it’s not as difficult as trying to figure out how to go to a particular place, as anyone who has ever done trajectory planning with STK will tell you. More difficult from a cost and engineering perspective, sure, but mathematically easier to just shoot in a direction at escape velocity for the sun.
- Comment on Cable lobby vows “years of litigation” to avoid bans on blocking and throttling 7 months ago:
I mean yeah, the sun is in one place, space is basically anywhere else. It’s easier to shoot anywhere than to shoot somewhere.