14,690 karma · joined August 2, 2012
Regardless, I assume the logic behind this exception is that while you can easily sell a portion of your holdings of publicly traded stocks to cover your annual tax burden, you can't sell a portion of a house. You could of course finance, but that's going to disproportionately benefit lenders.
And if you are willing to pay, you can significantly over-provision dedicated servers, solving much of the scaling problem as well.
I wish there were a way to shortcut this process for society so that so many people didn't need to either go through a similar experience personally to have such an epiphany, or worse, never have it at all. (Speaking not only about medication for kids, but other polarizing issues as well.)
You're not expecting it to earn much, but it should hold its value over the long term. This will reduce the expected return of the portfolio, but the goal is to get volatility to a level you can stomach, allowing you to ride out fluctuations on the equity side. Because even though we can all look at the current situation and say the stock market appears overvalued, we can't know how much higher it will go, when we've hit the top, or once it starts declining, when we've hit the bottom. Even experts do no better than luck would dictate at that game.
Like, if you were doing this as an April Fools joke post, what would you even change?
> Inspired by the concept of “a piece of cloth”
I think the answer is simpler. The introduction basically asks, if smarter people are better at planning and solving problems, why can't they make the choices that will make them happy? And the answer is that humans have evolved to maintain a relatively stable level of long-term happiness, assuming their basic needs are met, essentially regardless of other factors. Getting what you want can provide a short-term boost, but you quickly adapt. Likewise if you suffer a setback, assuming it doesn't permanently impact your ability to meet basic needs, you adapt. Presumably this is because if people permanently became too blissful, they would lose their drive to strive for more resources and mating opportunities. Likewise if someone is depressed. So evolution has tuned us to a middle ground. Intelligence may allow one to understand this, and maybe even to accept it, but not to somehow think their way out of it.