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Joined 2 years ago
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Cake day: June 15th, 2023

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  • The wealthiest own like 87% of the stock market, which both parties refer to as “the economy”…

    First, the stock market only represents publicly traded companies. Privately held companies aren’t on stock exchanges. If you own stock in privately held companies there are usually very strict rules about how and when, and to whom you can sell. Its not a quick thing.

    But if we really want to hurt the rich, it means selling all your stocks and only buying the bare necessities. Leave them holding the bag on capitalism.

    The non-rich selling all their stock would likely help the rich. Here’s why: The rich use brokerages that monitor the stock market in realtime and can trade faster. As soon as a sell off would begin, the brokerages would get in and sell most of what they had first, meaning the non-rich would get a fraction of the value of the stocks they are selling. As soon as the selling of the non-rich ended, the rich would come back into the market and buy up the same assets they had before (and more) for a fraction of the price.




  • Perhaps Catholic institutions shouldn’t be forced to perform actions against their beliefs, but then they don’t get to use the word “hospital” in relation to whatever their building does.

    I feel this should apply to pharmacies too. If you want to have pharmacists that can deny you valid prescriptions from your doctor, then they don’t get to call that building a “pharmacy”. Just like cigarettes there should be a large lettered warning on the door to the establishment informing you that the person inside has indicated they will deny you a prescription if they feel like it. If the pharmacists want to exercise their moral discretion, they don’t get to use the word “pharmacy” for whatever building/business they’re doing it in.


  • There are apparently a surprisingly different levels of strata of “rich people”. The groups in the middle range are apparently the most desperate to appear to be in the higher ranges of rich people.

    So if someone comes up to you and brags about their $250k watch, you already know that they’re not in the “rich rich” group, and they desperately want you to think they are. So hit them where it hurts with a reply like: “Ahh, I understand now. You’re not really rich. People that actually are rich don’t tell others how much they paid for a watch. Maybe someday you’ll get to that level like really rich people. Until then, could you please leave me alone?”


  • I just can’t understand why companies do this weird shit, I always thought order earlier = arrive faster, this is just… weird)

    My guess is you’re seeing a tiny view of a global logistics company at work. There are warehouses all over the place and there is large overlap with the inventory in each. Lets say you’re ordering a hot pink Kindle ebook reader. If you were able to see from the Amazon side, you’d see this item represented in dozens of warehouses all over the world. There is possibly one sitting on the shelf in the warehouse right down the street from you, which would ship it to you the fastest. However, that warehouse also contains other inventory that is in high demand and that other inventory is NOT in other warehouses. So the Amazon algorithms don’t want to direct fulfillment of your order from this close warehouse to you because its getting crushed right now.

    Instead it finds the hot pink Kindle in a slow warehouse much farther away from you and your order is fulfilled from there (your first order with the long shipping time). Later, the close warehouse runs out of the high-demand inventory that was keeping it busy. You make second order for the hot pink Kindle and the algorithm now optimizes for cheapest/fastest delivery, which is the warehouse down the street from you (your second order).

    Welcome to global logistics.



  • If investing in the S&P 500 is such a surefire way to make money, then why isn’t everyone doing it?

    First, lots and LOTS of people (and companies do it).

    Three reasons people don’t do it:

    1. Some people believe they can make even more money by putting it into something else (other riskier stocks, non stock investments like their own sole proprietor businesses, bitcoin, scratcher lottery tickets).
    2. Some people are entirely risk averse. If they can’t SEE their money they don’t trust where it is so they buy precious metals or stack cash up. Neither of these are good investments for returns, but are generally safer that index investing (which is what S&P500 is) if you need to sell on short notice.
    3. Investing anything requires money you don’t have to spend somewhere else. Lots of people are at negative money, so they don’t even have a dollar to invest.


  • Is that a feeling i’m the only one feeling? edit: i think what makes it worse is that very often they’re not even funny, just literal propaganda, “good guy propaganda”, maybe, but still propaganda

    I don’t think its your intention, but this kind of reads like “go be poor somewhere else”. The uptick in the messages you’re seeing are from people that are on the losing end of society, and that losing end is growing more and more all the time. So far I’m lucky (and it is just luck) to not be there, but I recognize that ignoring, or worse silencing, them is the wrong way to go.

    Their messages have value because they aren’t being heard. If that keeps up, it will mean the shredding of our society and we all lose. So in short, I’m fine with the “class war” messages as they are here against the rich establishment.