@hazardous_wast3 @ReviewsPossum “Few get rich off strictly buying and selling stocks”
Have you never heard of a hedge fund?
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lionel
5K posts
lionel
@LionelBarrow
Engineering at Carefeed, lecturer @UChicago. Previously @TegusHQ @braintree
Chicago, IL Katılım Temmuz 2011
554 Takip Edilen379 Takipçiler
@ReviewsPossum You are arguing a point nobody made. Few get rich of strictly buying and selling stocks. To get to a billion that way you need insane capital. How did you get that capital is where we will see the theft. How did the company you invest in grow? There is probs a lot of theft
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If I buy a stock that's worth ten dollars, and then it goes up in value to a hundred dollars, who did I steal from?
𐌁𐌉Ᏽ 𐌕𐌉𐌌𐌉@OrevaZSN
You do not earn a billion dollars. You steal it. Nobody works a billion times harder than a nurse, a teacher, or a farmer. That money comes from underpaying the people who actually did the work. Stop worshipping hoarders who are just really good at wage theft.
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If you think this sucks and want it to stop, there’s legislation right now being considered in Springfield to stop municipalities from creating the artificial shortages that lead to these bidding wars: actionnetwork.org/letters/pass-t…
Devon Hardware’s Wife@thatfrood
lol
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@MattBruenig It really feels like the US structure of per-employer unions has the worst possible set of incentives
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Norwegian transit workers are far more unionized than American ones!
Paul Graham@paulg
The future is already here, but thanks to unions it's not evenly distributed.
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@DanielKayHertz Especially since I’m constantly told that the development of the West Loop was only possible because nobody lived there. Did nobody live in Queens?
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we should be less impressed with ourselves for Fulton Market
emily north@north0fnorth
i don’t think enough people outside of nyc know they pretty much built an entirely new skyline across the east river in queens over the last 15ish years
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NEW: If the “cure cancer” company gets its way, thousands of oncologists will be out of work.
More Perfect Union@MorePerfectUS
NEW: If Waymo gets its way, 2 million workers will be out of work. When Waymo gets a firm hold on a city, wages go down. Some drivers now have to work 12 hours day, 7 days a week just to get by. This isn't inevitable — but Big Tech is spending millions to make you think it is.
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@toobluehair @Goosehater123 @kets70 @LinkofSunshine If rents are way above costs you may be able to get away with a higher IZ requirement. But if rents come then IZ starts to really hurt development.
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@toobluehair @Goosehater123 @kets70 @LinkofSunshine Yep that’s exactly right. The question proponents should ask is what IZ % maximizes affordable housing production. 25% is almost certainty too much. But it actually depends on how high rents are in the area we’re talking about.
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@toobluehair @Goosehater123 @kets70 @LinkofSunshine Just to be clear, what’s happening is most affordable units are built through IZ. So if market rate development halts because higher IZ requirements make it uneconomical, that kills both market rate and affordable unit production.
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@Goosehater123 @kets70 @LinkofSunshine Non IZ units also went off a cliff. There’s something else happening here
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lionel retweetledi
Brandis: Steffany, you smiled really big when he said 126 [new ADU] applications just recently.
Steffany: It means that we're going to have more Chicagoans.
I love Chicago. I think it's the greatest city in the world, and I want there to be more of us.
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The law should be that if you don’t get a hearing on time, your application is automatically approved.
Chicago Tribune Politics@ChiTribCloutSt
Chicago Zoning Committee to skip another month and leave developments in limbo but alderman has plan for deal chicagotribune.com/2026/04/09/chi…
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@culturecanceler Yep that's completely right, and it's while ADUs, while welcome, aren't a replacement for serious pro-housing reforms. At a minimum we need 4-flats legal by right citywide and changes to neighborhood zoning to make larger structures (8+ unit) easier.
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i like that ADUs are legal now but walking around ravenswood the last nice day, seeing ppl vibe in their big side-yard: if you own a SFH with an outdoor space large enough for a dwelling unit in Chicago, you probably would prefer privacy & outdoor space to income
thotnsoursoup@nonstopbutterc1
@byaliceyin Won't work. It's a pipe dream. It's just a cute folksy way to approach a serious shortage of housing. Like using a bunch of tiny little extinguishers to fight a 5 alarm fire.
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lionel retweetledi
AI virtue signaling is going to be such a boring feature of the next two years and then the entire industry will transform and no one will give a shit.
Oh, you began using AI in 2021??? no one cares.
Oh, you abstained from using using AI on principle?? also no one cares.
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@DanielKayHertz “It’s only a home if it’s got a yard, a white picket fence, and there aren’t any dirty renters around” - the basic vision behind Warren’s housing policy
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Genuinely how is this a left talking point—just perpetuating the idea that it’s fine for people who can’t afford to own a single family home to live in what Warren et al consider second class housing, not even “homes”
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lionel retweetledi
Posts like this make me realize, kids have been doing hilarious and stupid stuff for millions of years, but parents have only been able to post quick hits to Twitter like this for about 5 years. Think of how much bizarre kid behavior we've missed.
mindy🌷@mindyisser
yesterday at a restaurant my kid said “do they have timeout here?” trying to figure out how bad he could be lmao
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@culturecanceler @jessezorr It's now projected to cost 6x what it was sold to the public as costing. I don't think it's crazy to reassess as a result.
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@jessezorr Appreciate that, but we nominally live in a democracy and voters sent representatives to congress and city hall to achieve this project, which was passed with massive majorities. One of the few projects Byron sigcho lopez and Anthony Beale agree on blockclubchicago.org/2022/12/14/red…
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lionel retweetledi
lionel retweetledi
Paul Ehrlich has died. He was 93.
He is survived by 8,300,678,394 people (134% increase from 1968), with a daily worldwide average calorie intake of 2,800 kcal (a 22% increase).
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@mnolangray Unfortunately I understand this tweet and I don't even live in California
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It's like the Measure ULA of immigration policy. (If you can understand this tweet, please log off.)
Connor O’Brien@cojobrien
85 people have paid the $100,000 H-1B fee so far, totaling $8.5 million in revenue. But fee revenue from H-1B apps abroad is down $28 million. So the fee — justified by a paper claiming the revenue-maximizing fee was >$100,000! — appears to have lost the government $20 million.
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