@FischerKing64 It’s pretty easy to avoid the scammers. Just invest in low cost index funds.
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Primafacetious
3.9K posts
Primafacetious
@primafacetious
Attorney, Engineer, Classical Liberal
Katılım Mayıs 2020
138 Takip Edilen61 Takipçiler
It is asking too much of people to become expert stock and land investors. They aren’t even interested in that. The people who say ‘everyone is doing better, they have their 401k’ - are really promoting an extractive industry of people who go around as salesmen to convince folks to give them their $$ to invest - often with bad products. Insurance companies, for instance, try to convince people to buy life insurance policies that they sell as stock investments - with very high fees.
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In a stable money society, the only thing a person needs to know is to spend less than he earns, and to save. Such a society is perfect for the middle class that just wants to build a home and continue the society.
And it’s better for interest rates to be moderately high, so he can earn bank interest - because the average person has no time or inclination to engage in stock and real estate speculation. Higher interest rates also mean house prices are lower - because they are a place to live and not a speculative investment.
The only people who win on low interest rates are sophisticated schemers who can borrow at zero and make wild investment bets. If they go bad they walk away or file for bankruptcy on the special purpose entity set up for the play. If they score - they take all the gains, and then go on TV and claim special knowledge to credulous CNBC hosts.
We are living in a casino capitalism society that works against middle class savers who just want to contribute to their community.
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Every time I go to Houston, I enjoy it immensely - even if/when the weather is awful. It's such a culturally and economically vibrant place at all levels of society. It's also extremely lush in many older neighborhoods with all the live oaks and occasional palms.
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@ImpudentDomain @AstorAaron The parks are flat, crowded, and swampy. Buffalo bayou and memorial are decent, but always overcrowded. Hermann park full of belligerent homeless.
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@primafacetious @AstorAaron No good hiking or scenery? were you blind? Here is a little tidbit of info. The greater Houston area has the MOST park acreage of any major city in North America. The MOST.
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@Oilfield_Rando I do this all the time and will continue. It’s an expected part of client entertainment.
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Do not put another alcoholic beverage on your work expenses.
They are feeding your expense reports to AI now.
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@ReubenR80027912 AI is a big driver of pessimism. Lots of white collar professionals concerned AI will put them out of a job.
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It’s crazy that everyone is up 25%+ since Trump 2.0 inauguration but no one feels ebullient or particularly rich
If 2022 was a bad yr that everyone just shrugged off, 2025 to summer 26 has been a great 16 months that everyone just HATED & will remember as Tarriffs/AI/oil fears
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@drlcartman @SeanTrende Maybe we should have national redistricting reform.
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Because we live on the worst timeline, we should prepare for a situation where Rs lose the popular vote cleanly (i.e. 51-46, not the 49-48 situation from 2012) but keep the House. Which would be a nightmare.
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@GreyPapers @JustLarry_Me @VerumVulnero1 Yeah, that’s been a trend with bulk pros for years now. Not directly familiar with qualcomm, but with all the big tech companies it’s generally a race to the bottom (although some have special programs for particularly important cases). AI really just accelerated the trend.
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@primafacetious @JustLarry_Me @VerumVulnero1 Yea, but the big clients (qualcomm and software SF companies) were the first to turn to AI for patent drafting. So any firm relying on those clients with fixed budgets is screwed right now.
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@GreyPapers @JustLarry_Me @VerumVulnero1 I do a bit of pros, but mostly on matters where clients are willing to pay for quality applications (key tech, litigation-ready SEPs, etc.). Chasing after the AI slop work is a losing game IMO. My practice focuses more on licensing and IP transactional-side work now.
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@primafacetious @JustLarry_Me @VerumVulnero1 Patent law eh? I used to be a patent lawyer and then AI came and cut drafting budgets in half.
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@JustLarry_Me @VerumVulnero1 Did both. Electrician -> Electrical Engineer -> Attorney. Moving into law was the best career decision I made. The work is more interesting, I make around 5x as much per hour, and I can work from home, the mountains, the beach. I also make it to every kids recital and game.
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@VerumVulnero1 7 years of college/law school debt and a career in a building with windows that don’t open so I don’t jump out? No thx the electrician route sounds much better. Physically demanding, but better.
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@Supesdrg Gerrymandering is bad. Republicans should vote to ban it at the federal level, which Democrats have proposed repeatedly.
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Williamson County and Shelby County being represented by the same people in Congress. Man.
Emily R. West@emwest22
Here is the proposed map for Tennessee redistricting, as just sent out from the Republican Senate press office. #tnleg
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@Stuart98_ @XYSouthPhilly Because it was specifically drawn along racial lines to pack minorities into the district, a practice required based on a misinterpretation of the VRA. The best way to fix this problem is to uncap the House. Make partisan gerrymandering impractical.
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@primafacetious @XYSouthPhilly How is a compact district based around a single city that's existed for a century a racial gerrymander? This wasn't Louisiana's red river snake that spanned 200 miles and took bits and pieces of 5 different cities.
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Per my rough estimates, the bluest district on this map is 8 at Trump +17 and every other district is Trump +20 or more. If this evil map is legal (and my interpretation of the Callais ruling is that it is) then the VRA is completely dead.
Politics & Poll Tracker 📡@PollTracker2024
Higher quality map of Tennessee’s newly proposed congressional map. It’s 9R-0D
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@Stuart98_ @XYSouthPhilly Do you think the reason for the redraw was partisan or racial? This was a racial gerrymander prior to Callais. Now, TN is replacing the racial gerrymander with a partisan gerrymander. Much better.
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@XYSouthPhilly Massachusetts' map isn't a racial gerrymander (and you can't draw a compact district in Massachusetts that reliably elect Republicans anyway).
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@antigrifter1 @SwannMarcus89 Imagine being a Chicago resident and writing this. Truly astonishing.
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@SwannMarcus89 The thing is that Conservatives are to blame for every issue in this country dating back to slavery. And now they’re destroying the country once again, more than ever before with a corrupt piece of shit in charge.
Eat shit.
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The thing is that Republicans are literally just right about everything they say regarding the incompetence of progressive Democrats
There is not a single criticism the GOP makes about Portland, Seattle, and California which is incorrect. Sorry to be the bearer of bad news
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@HabCorpLinguist Don’t forget - everyone always makes it to at least 8th year, topping out the salary scale. Attrition is near zero.
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Don’t listen to the naysayers. This is actually an extremely common salary, and everyone hits bonus every year. Also, the job is easy, and the hours are reasonable and predictable. Even if you’re not sure you want to be a lawyer, take this as your sign to go to Fordham at sticker
Restructuring__@Restructuring__
Imagine saying a law degree is a waste of money... Yearly reminder about law school - New big law class started out at $225k/yr. base - 5th year associates making ~$500k/yr. - No bonus variability - All cash
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@dilanesper But it has in the areas of 2A, Admin/Chevron, abortion, confrontation clause, and AA/Equal protection to name a few.
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@primafacetious And no, the Court has moved nowhere near Thomas' positions on student speech, the commerce clause, Griswold, takings, or any of the other things I mentioned in my thread last week.
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Justice Thomas is actually the most irrelevant Justice on the Court and has been throughout his tenure. His career is littered with extreme positions his colleagues ignore and which will never become law.
Wall Street Journal Opinion@WSJopinion
This week Clarence Thomas becomes the second longest serving Supreme Court Justice. His originalist view of the Constitution has remade American law. on.wsj.com/4d3nRJE
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@dilanesper In the 2024–2025 Supreme Court term (concluding June 2025), Justice Ketanji Brown Jackson led the court with 10 authored dissents, highlighting a consistent trend of liberal wing dissent amidst a 42% unanimity rate.
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@dilanesper Also, lol at Thomas being “the most irrelevant,” by your standard when we have Sotomayor and Jackson on the court.
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@dilanesper Justice Thomas has consistently seen the law move closer to his positions over the course of his tenure, presciently outlining his positions years, if not decades, before the rest of the Court catches up.
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@Charlesaf3 @teafortillerman @SeanTrende Eventually. More removed them from matters and iced them out. Over a period of a year or two their hours dropped and eventually they were placed at a client or given a few months paid to find another role.
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I don't know if this is real, or exactly what sized law firm this is. But the starting salary at a big law firm right now is around $225k base pay. You don't get that kind of scratch at 25 years old and then get to demand a 5pm hard stop on Fridays.
Bill Moore, Esq.@lawyer_memes
A junior associate informed me she has a "hard stop" at 5 PM on Fridays. She said she needs the weekend to protect her peace and maintain her energy. I told her I completely respect her commitment to boundary setting. I then removed her from the M&A deal she'd spent two months diligence-ing. She came to my office on Monday confused as to why her access was revoked. I explained that a closed deal requires momentum, not a pause button. She asked how she was supposed to hit her billable requirement now. I suggested she use all that extra weekend energy to find a new practice area. Peace is a wonderful concept for people who don't practice corporate law. The rest of us find our tranquility in a signed signature page.
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