2,009 karma · joined January 30, 2025
See, they're just trying to help.
What I found wild was that they felt entitled to 1/3 of my assets every year. The lesson is: spend your money before college or keep it under the mattress, because your college will take essentially all of it over the course of 4 years.
Separately, I question how wealthy the families are that are contributing $60k/yr. They obviously have to have enough money to pay this much, but they may be largely bled dry by 4 years of tuition (per kid). This would be half a million dollars of post-tax money for two kids. That's a lot of money, but if it's half (or more) of your retirement savings, then it's not like you're not going to miss it.
One has to be truly wealthy ($5M+ of liquid assets) to not feel half a million dollars, and I assume if this was the type of family the writer was referring to, he would have indicated that these are truly wealthy people, not just someone who would be considered wealthy in Topeka or Duluth.
College has gotten so expensive that it's a big cost for pretty much every family. There have been many articles about how no one pays the rack rate anymore, so it's not really as expensive as it seems. The only way that could be true is if merit-based aid is in the mix.
Because there is a limited number of hours in the day? That doesn't mean that one cannot do both at the same time, at times. It doesn't even mean that having kids can't also make you a better founder in some ways. But I think most people recognize that the large time demands of being a founder take away more from one's ability to build than they contribute (in terms of extra motivation or perspective).
Separately, I'd note that Amazon doesn't want high levels of returns (which it has to pay for in many cases), so they still try to herd people toward products that they will find acceptable. Might they not love them as much as some others? Perhaps, though this is a fine line to try to walk, and I'm not sure that Amazon is actually trying to walk it.
I don't want to look down my nose at people who make decisions that I wouldn't make. They also face very different circumstances. What if someone needs to pay for an unexpected medical bill (which they cannot BNPL) and needs to choose between that and rent? What might look like a dumb choice from the outside might be an exercise in constrained optimization.
I've said that I'm open to BNPL being unavailable for certain transaction types, but I wonder if someone with your opinions would rather have them outlawed entirely?
BNPL platforms know what you're spending on, and whether it's a one-time expense that you're spreading out, or a rent/utility payment that's going to come due next month as well.
In general, I don't favor regulation of loan products, on the notion that people should be free to get loans that fit their circumstances. But I wouldn't be opposed to limiting BNPL loans so they are not available for purchases that are (1) large dollar value and (2) recurring. Or there could be PSAs to warn people about them.
And regardless, they should be teaching kids about money management and the consequences of BNPL in school. There should be plenty of time now that kids aren't learning about "balancing their checkbook".
At the same time, LI's top level algorithm wants to push a bunch of uninteresting crap at me, like posts that someone I know "liked". What's the point of removing AI slop if you're going to keep pushing irrelevant garbage at your users?
I am so grateful for the HNer who recently recommended this extension, [1] which lets you block posts by type. Now I only see posts made by my actual connections (which was the original idea of LI, IMO).
Interestingly, one of the side effects of this is I can now see which of my contacts are annoying over-posters, and can unfollow them. Previously their junk was buried under piles of other junk, so it wasn't so readily apparent.
Amazing that you again allege insincerity, with zero evidence. You then go on to make false claims about what I said and avoid the obvious point that my problem is not with the historical figure that you quoted, but the fact that you injected race into a conversation that was about food.
As for whether you violate the HN guidelines, the number of your recent comments that are greyed out tends to indicate that I'm not the only one who thinks you're out of step here.
I also don't love your injection of flame-bait racial comments, which probably violate HN guidelines.
I am sincerely curious to know your opinion.
Also, do you cut pills? I had looked into this and only found info saying that it ruins the delivery mechanism. I was skeptical of this because it would benefit the pill makers to convince people that these special pills cannot be cut, even though they do not require extended delivery (quite the opposite).
I think the former makes much more sense than the latter, since it is literally being funded by the govt. That's a reasonable first step, or possibly only step, especially considering that most people on food stamps are also on govt-funded/subsidized healthcare (meaning taxpayers will end up footing the bill when they require expensive treatments resulting in part from an unhealthy diet).
A side benefit: they can also sell it as "lower calorie" than it was before, since it's diluted with air.
EDIT: interesting to see this upvoted and then downvoted so much. Can someone who is downvoting weigh in? Seems relevant to the topic, and no one is saying it doesn't happen (or that it is happening and they like it).
> “I’m a rule-follower,” said Fudge, who majored in mechanical engineering and minored in math.
I'm not sure the point of your last comment. Of course everyone wants to be paid fairly for what they accomplish, which is not just based on intelligence, but also hard work. I have done a very good job educating my own children and have seen enough laziness in our public schools that I'm certain I would be more effective than a great many of the teachers.
But more importantly, if the incentives were aligned then even better teachers would enter, perhaps leaving me in the bottom part of the distribution. Nothing would make me happier than if schools were filled with teachers who were so effective!