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throwaway100773

142 karma · joined April 24, 2019

Just some random dude on the Internet.
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throwaway100773··on Is College Still Worth It? The New Calculus of Falling Returns [pdf]
Wow. I didn’t know that. Certainly an exception to my statement.
throwaway100773··on Is College Still Worth It? The New Calculus of Falling Returns [pdf]
The point is that Zuck and Gates had capacity to take on risk. There’s no guarantee that their risk would have paid off, but the other side of the coin wasn’t starvation and destitution. They basically had a heads I win tails I don’t lose type of situation.

This is the big idea here - being born in the right situation gives you the ability to bear risk where a lower middle class kid can’t bear that risk because if things don’t work out, that kid is going to be homeless. When you can take a lot of risk with little downside, it almost always pays off in the long run.

throwaway100773··on Is College Still Worth It? The New Calculus of Falling Returns [pdf]
The issue is that trades don’t scale like all of the things you mention. Even if you own a very successful plumbing company, your ability to scale is constrained by geography, labor costs and finding people you can trust to manage your company. Not to mention, there are market forces working against the plumber trying to scale, and the plumber’s ability to affect policy is proportional to the ability to scale.

Anecdotally, plumbers charge more per hour in some cases than many lawyers make. Their income, however, is limited by their ability to book many jobs and actually carry them out. The opportunity cost of one job is exactly another job. So comparing to other wage earners their income is high, but compared to a banker that can make several loans in the course of a day where the opportunity cost is only capital (which they have practically unlimited access to being that theyre a banker) changes the situation quite drastically.

throwaway100773··on Age limit now 21 across US for cigarettes, tobacco products
Tobacco isn’t the drug. Nicotine is. There are other ways to consume the drug, and it has a lot of positive effects.

Regardless - it’s a win for you I guess - but does anyone else’s opinion matter?

throwaway100773··on I killed my teenager’s fancy college dreams
Are you talking about education or work? Because I feel the point he’s trying to make is that the educational aspect of acting is negligible. You can just do it.
throwaway100773··on I killed my teenager’s fancy college dreams
Your school may be an exception. There are exceptions for most people, but the acceptance rates are low. For example, a well adjusted middle class child would be a foolish in most circumstances not to take out debt to attend Harvard, Yale, Princeton or Stanford (and a select few other universities where you can maximize the chances of vastly increasing the status of your social network with four years of camaraderie). However, after you dip below a certain level of status, the benefits are much less clear.

A middle class child may never have the opportunity to get exposure to one or two notches up save for education. But this only exists in a select few places.

throwaway100773··on Sonos's “recycle mode” intentionally bricks devices so they can't be reused
Im in the market for sound equipment. I just crossed these guys off my list.
throwaway100773··on Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says
How so? I don’t see the connection here.
throwaway100773··on Why Child Care Is So Expensive
The comment is dismissive, but the point stands. The grandparent comment comes off awfully entitled considering all of life’s basic needs seem to be covered and they outright own multiple vehicles in perhaps the highest cost of living area in the United States. Not to mention, the higher proportion of income going toward housing is likely the consequence of protectionist measures to keep the riff raff out and maintain as much status for their children as their income possibly allows. Move to a worse school district and you’re likely to see your housing cost go down by a factor of 50%. Not to mention, the grandparent freely admits to putting money away for the kids, I assume this means college savings of some sort.

I’m making a great deal of assumptions but not being able to go to Disney land at the drop of a hat seems awfully trite.

throwaway100773··on The Real Class War
Well said.
throwaway100773··on Teen's tweets from her smart fridge go viral after mother confiscates phone
Wow. Passive aggressive much?

I’m with the GP. People get distracted no doubt. It’s normal. But I think the comment was about what the GP would do if put in a similar situation. If one continues to get distracted while doing something potentially dangerous, for example cooking bacon, and it happens frequently, looking at the root cause of the distraction is probably warranted.

throwaway100773··on Insured price $2,758, cash price $521
Well said. I get a lot of flak from, well, pretty much everyone for pointing out that your neighborhood doctor is likely a scam artist. Clearly I’m generalizing but just suggesting it may be the case is usually met with undue skepticism.

Not to mention, having an inside look at med school gives you a different perspective on the motivations of most rising doctors. It’s rarely about anything but lifestyle and money. I mean, they are people too, but most med students I’ve met are looking out for number one first, and anything else is a distant second.

throwaway100773··on 81% of 'suspects' flagged by Met's police facial recognition technology innocent
I’ll take your condescending bait. When it’s 100% it will be good enough. Until then, it’s not.
throwaway100773··on US efforts to jail Assange for espionage are a grave threat to a free media
Your statement makes no sense. There is a lot of information that ought to be exposed, is classified and will cause harm to some people. Exposing secrets almost necessarily will cause harm to somebody.

Furthermore you refuse to allow assange to be classified as a journalist on that basis, which is exactly what Glenn greenwald did. So I suppose you would disqualify Glenn greenwald as a journalist as well? If not you’re wildly inconsistent.

throwaway100773··on Dark Web Drug Sellers Dodge Police Crackdowns
Yet prescription opioids are still a thing.
throwaway100773··on Facebook Expects to Be Fined Up to $5B by FTC Over Privacy Issues
Too big to fine.
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