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magduf

4,506 karma · joined April 3, 2018

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magduf··on Is it time to nationalise the pharmaceutical industry?
Do they sell that inhaler, or the older and cheaper version, for much less outside the country? Plane tickets are cheap these days; it might be worth it to take a foreign vacation and stock up on inhalers.
magduf··on Why Do Such Ancient People Run America?
Obviously you haven't been hanging around many career politicians or corporate executives.

The problem isn't that older people don't care, it's that the older people in charge don't care.

magduf··on Farmers are hacking their tractors because of a repair ban (2018) [video]
>if someone like Kubota broke out of the pack by doing something like this, something tells me that Deere would find the money to buy them out, and spike the idea.

Kubota is a Japanese company; Deere can't just buy them out on a whim. The Japanese government would most likely block it.

magduf··on Farmers are hacking their tractors because of a repair ban (2018) [video]
Ok, that made sense decades ago, but today there's two problems with that:

1) Overnight delivery

2) From everything I've read, you cannot go send your kid to town 20 minutes away to pick up a part for a John Deere machine. You have to call and set up an appointment for a service technician to come to your farm to repair the equipment on-site. After all, that's what all this right-to-repair stuff is complaining about: they aren't allowed to repair things themselves any more. And then the big problem here is: what if it's Saturday, and the service technician is off for the weekend, or is booked up all week long? How do you afford to have your operation down all that time because of a failed tractor?

So I don't see how having regional parts depots is useful any more.

magduf··on Reddit has become a guide to personal finance
As I said in my prior message, Ally Bank has 1.6% on savings. I think CapitalOne 360 has either 1.6 or 1.7, Discover has something similar, etc. I think Tab Bank has a little higher rate. These aren't hard to find. You probably won't find a full 2.0% anywhere currently.
magduf··on Reddit has become a guide to personal finance
>It's unusual to have $62k or more in a savings account.

You're not paying attention. The OP said it would take decades to make $1k or $2k; I pointed out it doesn't take that much money to make that in only 1 year. It's not that unusual to have $30k in savings, so that's roughly $1k in interest in 2 years, which is an order of magnitude lower than what the OP was claiming.

magduf··on Reddit has become a guide to personal finance
>There's no reason to trust that whomever is giving the advice is an authority on the subject at hand.

>My god have I paid for doing business with alleged professionals.

This is the problem with getting advice from "financial professionals". Unless you're paying them a lot of money, a financial advisor is giving you advice that's going to benefit him, not you. Basically, they're salespeople; why else would they give you free advice? Even if you are paying them, that's no guarantee they're competent. After all, if they're so brilliant with managing money and investments, then why are they doing a comparatively low-paid office job for a salary?

Professionals are rarely experts in their field; they're just people who managed to find someone to do work full-time in that field. You'll usually get much better advice from amateurs who are very passionate about that as a hobby. For instance, cars: would you get better repair advice from a professional mechanic who works on all kinds of different cars, and whose hobby is fishing, or from an internet forum full of people who own and love your model of car, and collectively know all the common problems with that exact year/model, plus where to get the best parts? Would, for instance, some average professional mechanic know that the engine mount on your Volvo can be replaced with one from a particular Ford for much less money? I seriously doubt it.

magduf··on Reddit has become a guide to personal finance
+1 for /r/earthporn. Lots of truly fantastic photos there. My only complaint is that many of them aren't terribly high-res. The cameras they shoot with are surely high-end DSLRs, but then for some odd reason they downscale them to 3000x2000 or even lower (1500x1000 sometimes). But many of them are very high-res.
magduf··on Reddit has become a guide to personal finance
Maybe I'm missing something, but HSAs seem to me to usually only be available if you have a high-deductible health insurance policy. That can be OK if you're 25 and very healthy, but for many other people is a high risk.
magduf··on Reddit has become a guide to personal finance
>my "high-interest savings account". Maybe a grand or two over decades

Huh? Either you have very little savings for someone on this site, or your "high-interest" account isn't high-interest. Ally Bank currently has 1.6% interest on their savings account, so you'd make $1000 in interest in 1 year with a balance of about $62k. If your savings account doesn't have at least 1.5% interest, then why do you have it? There's lots of places with rates of 1.5-2%.

magduf··on Coke and Pepsi are getting sued for lying about recycling
Aluminum uses a lot of energy to refine, but not to recycle AFAIK. Notice that aluminum is easily the most profitable thing for people to recycle; people can collect cans and take them to a recycler and get paid a fair amount of money. The same just isn't true of almost anything else (except probably copper, and of course precious metals). Even steel, which is far more dense, doesn't fetch nearly as much in scrap value.

The thing about standard glass bottles sounds pretty good, but I can't imagine that ever being legislated here in the US. It would have to be Federal, and there's no way you'll get Congresspeople from across the country to agree to something like that. It can't be state-based because then it wouldn't work: you wouldn't be able to get the standard bottle adopted even within a single city, because part of the city is in one state and part is in another state or two.

magduf··on Reddit has become a guide to personal finance
Does the US not have marginal tax brackets? That seems really odd and dumb. The benefit cliff you cite is real, but for actual income taxes, there's no such thing as a reduction in income from higher earnings. Going to a higher tax bracket just means you pay higher taxes on money over a certain threshold. So if bracket A is 20% under $50k, and bracket B is 30% over $50k, if you make $51k, you'll pay 20% of 50k, plus 30% of 1k. It's never disadvantageous to make more money (except if you're on government benefits as mentioned, where there are some weird effects).

Strangely, a lot of people don't understand this at all.

magduf··on Reddit has become a guide to personal finance
>"Look how smart I am for having a mega-backdoor roth ira instead of a regular 401k like all the idiot sheeple."

Maybe you mean "traditional IRA" instead of 401k. The way I understand it, the backdoor Roth IRA depends on you using a company 401k so that you don't have any money in a traditional IRA, and can then contribute cash into an empty traditional IRA, and then "convert" it (move it) to a Roth IRA in the same financial institution. But it doesn't work if you have a traditional IRA with money in it, because then you have to enter the total value of that IRA on an IRS form and you end up paying double taxes on the conversion.

The wedding thing is totally understandable. If you care a lot about saving money, it seems rather reckless and wasteful to spend $50k on a one-day event when you have a ~50% chance of getting a divorce anyway. Sure, if you're a multi-millionaire, that kind of money is no big deal, but if you earn $80k, I'm sorry, but it's not financially smart to blow that much money on a wedding, even though so many Americans do for some reason.

magduf··on Reddit has become a guide to personal finance
Exactly. Letting people know you have a product/service which will make their life easier isn't a bad thing, and you have to have some way of communicating that to prospective buyers. The problem is when you start lying about your product, or use psychological tricks to get people to buy something they don't need.
magduf··on Reddit has become a guide to personal finance
How long did you date this sociopathic woman?
magduf··on Farmers are hacking their tractors because of a repair ban (2018) [video]
What exactly is stopping these farmers from just buying from another vendor like New Holland or Kubota? Every time I read this stuff, it's all about John Deere being the Apple of farm equipment, and there's almost nothing said about their competitors, almost as if they don't exist.

I feel like I see the same thing when people I know complain about Apple: if I try to suggest they switch to Android because it doesn't have those problems, they look at me like I have a 3rd arm. I really wonder how much of this problem with farmers being unable to repair their own equipment is self-inflicted, by absolutely refusing to buy from a different vendor.

magduf··on Farmers are hacking their tractors because of a repair ban (2018) [video]
I think there's even a theory that one of the reasons BSD is a small niche OS and Linux powers the world is because BSD was tied up in litigation for a while.
magduf··on Is Aging a Disease?
You seem to think that "wealth" is a real thing. It is not. That's the whole problem with your reasoning. Guns are a real thing: if you point a gun at someone and pull the trigger, they will be shot and likely die. Wealth, on the other hand, is basically mutual fantasy. The only reason Michael Bloomberg, for instance, is "wealthy" is because a bunch of other people agree to his claim that a bunch of financial instruments he owns (money and stocks) are actually worth something. This only works as long as there's a functioning economy. Periods of hyperinflation in history have shown that this isn't always the case.

What motivation do people with guns have to support people with money? Only the agreement that that money is worth something, and also that that person's claim to the money is something they all agree on.

>As you can see from today's situation those people with wealth learned from the past. They know where to push and where to pull in order to successfully keep power. ... And the civilized world has been managing to keep going this way without using a gun

Have you forgotten WWII? That happened under a century ago, and one thing that happened in the 30s was the Nazis rounded up all the Jews, stuck them in death camps, and seized their money.

Money only gives you power as long as you get enough other people to agree to this. The true power lies with the people who have guns and are willing to use violence.

magduf··on Is Aging a Disease?
>you think it is because people changed their views, I think it is because a big group of people bitterly opposed to this died off, opening the door to change.

A group of people bitterly opposing this did not all die off in the space of a mere decade or less. That's the problem with your reasoning.

The same thing happened in the 60s with civil rights legislation.

Here's an article that graphically shows what I'm talking about: https://www.bloomberg.com/graphics/2015-pace-of-social-chang...

magduf··on Jack Welch has died
Oh please; I see it all the time, including in my own family. "Right-wing talking points"? From what I can tell, it's frequently the Trump voters who this describes well.

Did you even read my post? I specifically noted this doesn't apply to poor people (the ones the right-wingers will claim are only poor because of bad choices), I'm addressing middle-class and up people.

magduf··on Coke and Pepsi are getting sued for lying about recycling
>And we wouldn’t be recycling them, we’d be washing and reusing them.

Ok, so how much extra fuel is used by trucking all this glass back to a handful of bottling plants that are hundreds of miles away? I guess the deposit fee thing might work.

Personally, I really wonder if using aluminum isn't more environmentally friendly than this. Aluminum cans/bottles are extremely thin and lightweight, and can be easily recycled, and are one of the few things we actually do recycle effectively today, even paying people for used cans. Of course, some people complain that aluminum cans add a flavor to the drink, and there's also the issue of the plastic coating used inside modern cans.

Personally, it seems to me that most of these issues would go away if we as a society actually committed to developing serious recycling infrastructure and using it, even if it means extra taxes somewhere (whether it's directly on end-users, or on producers of plastic products).

magduf··on Is Aging a Disease?
>Wealth, while not an exclusive means to power, can buy you power in more ways than one.

Wealth only buys you power if people are willing to accept your money, and are also refraining from simply using force to take your money from you.

>Look at corporations making the game without firing one gun.

That's because they have an entire government, with guns, enforcing the rules of the game they're playing. If the government suddenly decides to confiscate all their wealth, there's absolutely nothing they can do about it. This has happened multiple times in history (such as the Cuban Revolution).

>And a few examples of rebellions or revolutions where people have overthrown the rich just show poor management on the side of the rich.

No, it shows that at some point, having money doesn't overrule people willing to use violence against you. Most of the time, this is avoided because people tend to prefer to avoid violence, and because there's enough people willing to defend the status quo (where that money is valued), but sometimes that breaks down, and then no amount of money will save you.

It's very simple: a handful of wealthy people can never be a match for an army of people with guns. The only reason wealthy people have any kind of power is because there's an army behind them backing their claim to power.

magduf··on Is Aging a Disease?
I think eliminating aging would probably bring more stability to society: people would stop forgetting the past so much, because there'd still be people around reminding them of it, who had personal experience. History tends to work in cycles, and a lot of that is because populations forget what they learned through experience, because the people who went through the experience die off and the younger generations don't learn the lesson properly. Sure, it might mean some change will be slower, but you'll also avoid highly damaging short-term aberrations (like the Nazis).

Also, you seem to believe that people never change their views. I don't think that's really true either; people do evolve over time. My views are very different than what they were when I was a teenager (and not more conservative either). Older people do adapt to changing society. Look at, for instance, the acceptance of various social changes in the US, such as gay marriage. These things did not come slowly; they were breathtakingly fast. There'd be some initial pioneers pushing it for a while, but not getting very far. But eventually, like a dam breaking after a crack, suddenly the whole society would adopt it. Go back in time 20 years and ask some random people if they think gay marriage would be legal nationwide by now and they'd think you're crazy. This didn't happen just because of some old people dying off; it happened because the entire society got comfortable with the idea, though it took many of them a while to accept it.

Finally, eliminating aging doesn't mean eliminating death or childbirth. People will still have children, and people will still die (from accidents, murder, diseases, etc.). Also, the biology of the brain that affects old peoples' thinking will presumably be altered by anti-aging treatments, making them think more like younger adults.

magduf··on Jack Welch has died
>but also means employees are not forced into massive corrupt labor unions that halt efficiency.

The funny thing is that labor unions in Germany work great, and that country leads the world in exports. Labor unions in the US, however, seem to frequently become corrupt. The problem isn't unions.

magduf··on Jack Welch has died
Extra health care only goes so far; your genetics and lifestyle have much more to do with your ultimate lifespan. Great healthcare isn't going to make up for being lazy and eating crappy food. But some people seem to have genetics that let them abuse their bodies and still live to very old ages.
magduf··on Jack Welch has died
I wouldn't call it luck; it really depends on a lot of factors. If he's a software dev like most people here, then he's in an industry where there's a high demand for his talents, so it's generally not that hard to find a new job. Unfortunately, this is of course not the case for all workers; laid-off coal miners for instance will have a much harder time.
magduf··on Jack Welch has died
It sounds like it was a good thing you got fired from Oracle. You got a raise in your next job (so Oracle was underpaying you), and you got away from a crappy company. Your only mistake, in hindsight, might be that you didn't leave Oracle sooner.

I stuck around at one company for way too long too, earlier in my career. I finally got pushed out because of a bunch of layoffs. I got a huge raise at my next company, plus a more interesting job too, and better coworkers. I should have looked around earlier, but I was comfortable at that job and afraid of leaving. (That next job ended up not lasting too, again due to mismanagement resulting in laying off my whole team, but the job after also came with another big raise...)

I think the moral here is to not ever get too comfortable at any one job, and don't take things personally if you get laid off: the company is probably being stupid and losing a great asset.

magduf··on Jack Welch has died
One method I remember hearing about to get rid of poor performers (in a one-off way) when I was an intern was that the company identified poor performers from different teams, moved them together into their own team, and then laid off the entire team, probably claiming that it was some external business necessity (like the team's product was uncompetitive in the market), instead of alleging poor performance. I guess this made it easier to get rid of a large number of poor performers without worrying too much about lawsuits over unfair terminations. Of course, this move took some time to make, probably many months to over a year.
magduf··on Jack Welch has died
The US does have a huge poverty problem, but that's not the whole story. There's tons of middle-class people living paycheck-to-paycheck because they just have to drive a BMW or have some giant house they don't need, or eat out all the time and get two glasses of wine with each dinner. Yeah, this doesn't describe the poor people getting by on minimum wage, but there's countless $50-100k people who this describes perfectly.
magduf··on Jack Welch has died
Part of the problem here is that restaurants in America are extremely expensive. It's cheaper to eat out in other industrialized nations in my experience. Worse, they try to hide the prices from you by not including tax in the advertised price, and also expecting a "tip" for the service because they don't pay their servers.
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