lucaspm98

That’s a meaningless data point without a comparison to a state with similar weather, nature, and economic momentum from a time less onerously regulated.

It may not be logical, but money effectively turns into a scoreboard at a certain point. The ultra-wealthy care whether they show up to the yacht club in a 100m or 150m yacht.

That individuals won’t optimize their wealth beyond $100m, $1b, or really any number just doesn’t square with observable behavior.

YouTube sponsor segments are not subtle “place a Coke can facing the camera” integrations. They are dedicated ad segments with scripted (typically by the advertiser) promotions, often entirely unrelated to the video or channel.

To the end user they are indistinguishable from other video ads on the platform except the ad read is often (not always) done by the creator.

I don’t have hard data on the ratio but it’s not uncommon for a 10 minute video to have 1-2 minutes of full-interrupt ad segments embedded in the video.

It’s hard to find an authoritative source with perfect data but it seems unanimous the US is in the bottom quintile in terms of share of GDP from tourism.

Almost all countries below the US have much more immediate concerns about physical safety.

Having this surveillance done by human beings rate limits the process to, in theory, focus it on actual criminals. Requiring warrants for the more invasive and persistent techniques adds another layer of accountability.

Every entrance to my neighborhood has a Flock camera from my local police department. Tracking the exact time I enter and leave my home is at the very least right at this line you’re trying to draw.

Publications must love they can now pump out an article every time someone creates a new account to place a large wager on a prediction market.

Having been a semi-pro sports bettor for a short stint as it went through legalization in the U.S., I’ve personally had tens of thousands wagered on sports teams I’ve never heard of before. Over the course of thousands of bets it becomes statistically inevitable that you have wagers placed right before major news (both for and against you).

It’s even entirely possible this individual has some or all their position hedged on another platform effectively capture a tiny arbitrage in the market.

There’s tons of upstart market makers on these prediction markets doing hundreds of thousands in volume a week as they provide liquidity, grinding out small edges in a way you’d never be able to know their true exposure to any one market across platforms.

It’s of course entirely possible this is an insider, but as a journalist you need something more than a large bet + good timing. Out of millions of wagers there will inevitably be plenty of random people who bet on a football game 5 minutes before the quarterback gets injured purely out of dumb luck.

People are living in entirely different cost of living realities outside of NYC and the Bay Area.

Within 5 miles of me with 2 adults and 2 kids and $100, you could go to a trampoline park, ropes course, bowling, hours at an arcade, water park, race go-karts, several months of pool membership, or 5+ museums. Possibly 2 of those activities.

For free there’s dozens of playgrounds, courts and fields for any sport, community and religious-sponsored events, and after you can get a nice sit down meal with money leftover from your $100 budget.

$100 would be above many families entire entertainment budget for a week.

Are you suggesting libertarians believe the government should not build infrastructure?

I realize libertarians by nature have unique viewpoints but that feels like a bit of a mischaracterization. In general libertarians support a smaller government that increases focu on areas where societal collaboration is strictly necessary like roads, police, and firefighters while by default opposing government involvement in other areas beyond baseline rule of law (like NIMBY zoning).

Sure this seems to have worked in high-trust homogenous society with similar values and goals. They have a very high baseline of wealth given abundant natural resources that'd need active mismanagement to not have a strong economy.

Extending their taxation or economic system to a larger, more populous, diverse, and economically fractured society would lose most of the reasons they're succeeding.

The correlation between higher state and local taxes (beyond some reasonable baseline) and improved public service is tenuous at best in much of the US.

I'm happy to concede Massachusetts may very well have found the right balance, but there's plenty of studies on this in aggregate.

There's unsurprisingly a modest but statistically significant migration of millionaires from high-tax to low-tax jurisdictions.

https://www.asanet.org/wp-content/uploads/attach/journals/ju...

There's plenty of studies on this. There's unsurprisingly a modest but statistically significant migration of millionaires from high-tax to low-tax jurisdictions.

https://www.asanet.org/wp-content/uploads/attach/journals/ju...

Of course the number of millionaires has grown on an absolute basis given inflation and the strong stock market.

To control for this look at NYC's share of the nation's millionaires, which shrank from 6.5% in 2010 to 4.2% in 2022.

https://cbcny.org/research/hidden-cost-new-yorks-shrinking-m...

Taxes are often used as either incentives or disincentives for certain behaviors. Examples of incentives are the Child and Dependent Care Credit and EV Tax Credits. An example of a disincentive is a Mansion Tax.

The reason political discussion needs to be limited is exactly for comments like these. Low effort characterizations of mainstream politics as racist or fascist is purely inflammatory, and only going to further turn HN into Reddit but for tech.

“Radicalization” to the OP likely means swinging from vaguely left-leaning to right-leaning.

I recently discovered the local police department had installed Flock cameras at every entrance to my quiet suburban neighborhood. I now cannot come or go from my own home without warrantless tracking of my movement.

In anecdotal conversations with neighbors I was absolutely shocked they were relatively indifferent. It looks like I’m going to have to move to have basic privacy and safety if these campaigns aren’t quickly successful.

$300k a year is rich in 99% of the world and 90%+ of the U.S.

However, jobs that pay $300k vastly over-index to a few coastal major metros, where $300k a year is at the lower end of ever being able to own even a condo within a reasonable commute.

Do you have anything that ties together this trade with those investors?

Anyone who held equities that day were up 6-7%, so many billionaires were up that much or more without touching their holdings.

Everyone is jumping to conclusions. The majority of comments on this thread are assuming this is at least someone with inside knowledge, and several are saying Trump or his administration are directly involved.

I agree with you within the scope of top tech jobs. The tech interviews process is fairly uniquely grueling because it's both very high paid (so a costly mistake to hire poorly) while lacking much professional certification.

In many other careers the interview process is, if not shorter, at least more behavioral and less mentally draining because you're already pre-screened by licensure or rigid advancement structure of some sort.

As I understand it the "liberal hive mind" believes the exact opposite - that some bogeyman, typically either corporations or foreign investors, prevent functional supply and demand dynamics. Therefore they don't support a free market, typically more right-leaning, solution of deregulation and relaxed zoning restrictions.

Okay, let's assume we take every last dollar from every billionaire in the U.S. regardless of the legality, feasibility, or morality. We now have $5.5 trillion dollars.

This would more than double the current $4.2 trillion in funds and extend the runway to bankruptcy ~10 years. That's not nothing, but it's a move you can only place once as no one with any chance of being impacted would stay around.

I don't agree with the exaggeration in the parent comment, but your one counter-example pivoted their workforce expansion to the US after openly criticizing Sweden's business environment. They took issue with the shortage of employee housing due to over-regulated planning restrictions, unfavorable taxation of stock options, and a lack of programming and development education. Those issues (less so education) are applicable throughout the majority of the EU.

https://www.wsj.com/articles/spotify-founders-blast-swedens-...

The poverty line for a family of 4 in San Francisco was $149k in 2023.

I live in a MCOL city with all the modern amenities and on $150k can be a comfortably upper-middle class sole income earner, buy the average house, and send 2 kids to private school if needed.

A 2-3x pay differential is a fairly accurate COL difference for a family moving to NY or SF, maybe even on the low end if comparing to a rural area.

The 4% rule is from the Trinity Study, which was based on a 15-30 year retirement:

https://en.wikipedia.org/wiki/Trinity_study

For an indefinite time period you'd need a 3-3.5% inflation-adjusted withdrawal rate depending on how many 9s you want in the portfolio survival rate.

I've charged my EV at a public charging station less than 5 times in the past year. Instead of a 5 minute stop once a week at a gas station it's 5 seconds every time I get home to plug it in.

Any trip within a 3 hour drive is possible round trip on a single charge. Any trip within a 5 hour drive is possible with no stops and destination charging, actually saving a stop.

Any trip over a 5 hour drive generally takes less time and costs less to fly (I'm sure with many edge cases around rural destinations). Even on long road trips, charging from 20-80% takes 15-20 minutes and most drivers will at least need a bathroom break every 3-4 hours.

New Tesla Model 3 prices are comparable to entry level sedans like the Civic and Camry. Used Chevy Bolt's are abundant at <$20k with much less ongoing maintenance costs versus used gas cars. There aren't yet affordable large SUVs and trucks if those are your only vehicles in consideration.

On a personal level I feel the same strains, but all sources I’m finding have median wages rising more than median rent since 2020 and certainly since 2021.

However, that would not be true for buying a home especially when factoring in borrowing costs.

https://ipropertymanagement.com/research/average-rent-by-yea...

My wealth rose by 100% last year, as I was saving throughout the year from near zero while matching these returns with low fee ETFs everyone has access to.

I personally believe many of these dynasties do have some unfair and systematic advantages, but this article doesn’t have evidence to support that conclusion.

In theory that would not absolve the government from providing core services. For example, teachers can go on strike but children are guaranteed a primary education. It'd be the government's responsibility, not the individual citizen or business, to ensure core services enshrined in law are properly staffed.