smileysteve

If the statistical "right area" is within 30%, then 60m is similarly in the correct area.

But the context is most important, are AI's worst strategies worse than 30% off because of gross generalizations?

A post about mis-generalization seems to make a huge mis-generalization, seemingly from a lack of diversity.

The author recognizes that laundromats exist, but doesn't believe that washing machines are a luxury good (his yacht example of 60% owned by the top 1% likely applies somewhere around 60% to the top 30%). This indicates the author generalizes that high density living with shared appliances don't exist or apply to a large part of the population (that density doesn't shift statistics).

A few thoughts, instead of taking 340m people, you need to account for 2% homelessness, another 8% as housing insecure, 30%+ as high density possibly sharing at the apartment/condo building or laundromat level. A small upper 1% that outsource to services.

The infamous Mitt Romney, 47% of Americans don't pay income tax quote can be really shocking when you start thinking about the average American, and the wages that they earn compared to a higher income segment you might be in.

Stock "trading" is statistically against the odds. "A Random Walk Down Wall Street" was published nearly 50 years ago and remains generally true. No YouTuber or perfect instruction following would make you 100% likely to be profitable.

The most profitable (and effort efficient way) is to routinely invest in a broad basket of stocks over a long period. Ie Voo and Hold.

The biggest pro of a bike is it teaches you to read the road and traffic ahead for energy conservation (and defensive driving).

On a bike, this mostly reduces pedaling; in a car this can reduce unnecessary braking, safer driving distances, which make you a more predictable driver.

The alternative is the tradesmen can now apply their trade for 30 minutes more each way rather than sit in traffic (probably better overall) That, and apparently they and their kids can breathe easier.

Ironic that with a headline measuring a negative externality of driving that wasn't being priced in and you think transit got the artificial leg up.

Not only are you less likely to get sick,

You're less likely to see sick people.

Healthy people are more productive (you'll have better businesses)

Healthy people are nicer (especially if we consider mental health, and then violence)

Healthy people use the ER less.

Lol, in 3rd grade algebra, a teacher called 2 of us in for cheating. She had us take the test again, I got the same exact horribly failing score (a 38%) and the cheater got a better score, so the teacher then knew who the cheater was. He just chose the wrong classmate to cheat of of.

Minor: Given the examples depend on healthcare and childcare, people aged 65 and older (Medicare, outside average child raising age) fall outside this analysis, and currently a significant part of us population.

(And Medicare, even without additional supplements would have significantly better health outcomes than 1960s)

And if you take the average social security benefit being $48k per household/year, subtract those 2 expenses, either the $31k poverty line is way off or social security is way off

I feel like the author addresses most of your points well with his comparison of a survival line vs a crisis line.

But re the "people in poverty don't have" a few caveats, in comparison to the 60s, "public" transportation is generally of lower availability and higher priced, single earner households were the norm, and housing was cheaper (addressed).

And while <$100k is pointed to as the line of dimished marginal benefits, in the context of the US median household income being $66k is an indictment of a broken system.

Your house not spreading fire to the neighboring houses or forest is most of the actual dollar value in a fire department, from a fire perspective.

Saving people and a local healthcare force are fringe benefits, accounting wise.

That's a interesting way to say creating a healthy contributing member of society that leads to future gdp.

It's less so the taverns own money and more so that the food, wine, bar (or future visits) subsidize the beer, ie the food is taxed so that the beer is free.

Same with credit card rewards, they're not paid for by the bar, they're paid for by volume at the bar, debit/cash transactions, and the savings on cash controls, and the people that can't payoff their credit card bill.

In my city, if you use your indicators, traffic is more likely to close the gap on you than coordinate you.

It's worse than the founding though because Congress has artificially capped its growth. If the house of representatives followed the per capital ratios of the early 20th century, we'd have more than 2x the representatives, if it went back to the 18th century ratios we'd have thousands.

Only, since the 1930 house appropriation, the technology has existed - the automobile, the telephone; by 1960 we had flight, by the 90s we had widespread Internet and faxes.

Theb, the Senate is only made to be like the house of lords, which by itself it now an antiquated concept.

At 40 years, there is an expectation that the rubber and most plastic components have become embrittled. The hinges likely only wore out after the spring had reduced function (and lack of lubrication)

After your weld, I hope you consider replacing all rubber with silicone, and add lubrication to at least an annual list.

Re #2.

Tuning a heat pump vs resistive heat is a much tougher game than it should be. In a moderate climate, I use my ecobee to ensure aux heat doesn't come on until it's below freezing, and it should only come on if something has gone wrong at that point too. Unfortunately, many thermostats by default will use resistive heat in relatively normal scenarios, of worse, when you've programmed home and away times intended for efficiency but disparate enough to activate resistive heat.

That's terrifying when a heated mattress is resistive heating and can cause a fire.

To jump in on the political, in minimum wage "debates" the conservative side was always that higher minimum wage will encourage automation.

But as we look at post-pandemic automation (the counter operator is mostly replaced by an app) or automation (China's robots per capital), or tax policies that encourage capital spending (2018 tax bill, depreciation) it becomes obvious that automation will happen and is in many ways good. But our policy makers, media, and therefore average voter miss the forest for the trees.

A car that averages 15k miles/year, has a maintenance record, and appears in good condition tends to be less likely to be a lemon than most brand new cars.

For an anecdote, consider that Jeep just bricked thousands of new cars, including on interstates 2 weeks ago.

That GM recalled most 6.2l engines made in the last 5 years; ... Toyota engine castings, bmw chain tensioners, Ford Ecoboost coolant passages, Porsche bearings... Most of these problems became apparent before a long term first owner sold (yes, you should do research)

A pre purchase inspection, and all around maintenance (brake, coolant, oil, transmission oil, and differential oil) will get you a long way; a $2k suspension refresh will take you even further.

And repossession is relatively easy.

An interpretation is classic grade school class President runs on "no homework" or "free lunch", things people will vote for because they sound good for them now, not because they have merit.

Lower income taxes sounds great today, but greater wealth inequality and no social safety net making wealth meaningless (population level poverty and poor social mobility make life for even the wealthy worse)

In the context, it would take an ignorant consumer to choose a vehicle that could lose engine, steering, and braking - and complete bricking - while at highway speed, over a dealer appointment that's included in your maintenance program.

Frankly, this incident seems like an active nhsta would regulate away ota updates on its own. The best interpretation is that this single update is worse than the failed keyed ignition issues that led to push to start regulation.

If worked fine in the em early 2000 for cars with service plans or recalls.

But they only did like 3-4 upgrades total while the model was still being produced.

(Bmw experience)

More expensive and urgent to repair than a light pole.

Now if Coke was pressured to add 1g of fiber to products, we could be talking.

Indeed, it was expanded greatly during the admins of Bush and Trump.

Only from a refueling (and battery heat) perspective though...

The majority of the lemans (or any endurance race) challenge is not from the electric drivetrain (or regenerative braking) but from the ice drivetrain and friction braking. This is reinforced by the ease that WEC and IMSA have had in implementing electric hybrid drivetrains with relative ease over the last 10 years (by most measurements making the endurance more achievable).

Part of this is that EVs are significantly simplified compared to ICE; there's less innovation opportunity (motors and batteries), less recurring revenue (service).

U.S. and European dealer, maintenance, even government models are in for a shock when ev percentages approach 50% and even 25% (only continued adoption models away)

It's like using Alexa to shop, or when an Amazon ad comes on it and saves to the cart, only your order has a delivery cost and it's perishable