Stoic (🗿, 🗿)

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Stoic (🗿, 🗿)

Stoic (🗿, 🗿)

@LinePls

Macro views and fundamentals. Crypto/Finance/Tech. $BTC / $ETH / $XMR is the future. Not your personal financial advisor.

Присоединился Mart 2021
516 Подписки89 Подписчики
Закреплённый твит
Stoic (🗿, 🗿)
Stoic (🗿, 🗿)@LinePls·
Watch me build my empire of bits.
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Stoic (🗿, 🗿)
Stoic (🗿, 🗿)@LinePls·
1/3 doing real work is very generous. Pareto principle implies it's below 20% of employees contributing value to justify their salary
nic carter@nic_carter

it hasn't sunk in for most people. we already live in a post-scarcity society. UBI is already here. basic package: disability, medicaid, food stamps etc bonus package: literally getting paid for staying at home and hanging out with your relatives extra bonus: if you are willing to commit fraud, pretend your kids are autistic and get paid for that. get paid for watching your neighbor's kid. pretend you are taking care of your grandma. fake hospice clinic. fake rehab clinic. fake therapy clinic. giga bonus: during a time of crisis take advantage of PPP or CARES and open a fake business and get paid for existing people are shocked when they learn that defense is the FIFTH largest line item in the budget. ahead of defense: social security ($1.6T), interest on debt ($1.1T) medicare ($1T), medicaid + ACA ($1T), AND THEN defense ($0.9T) complain about defense all you like, but healthcare fraud is a way bigger factor. hundreds of billions per year. this is only going to get worse, because the fraud is a structural part of the system – payouts to client groups in exchange for votes (normally D). in the US, only 47% of the population actually works (fully 14% of the population is working age and does not work). retirees are 18% and children 22%. the system I described above subsidizes 50m non-working people absolute minimum, but really it's far more because people that are paid to stay home and take care of their relatives are considered "workers" of that 47% of "actual workers" maybe one third does real work, the rest are shuffling papers around or doing fake email jobs. so you have, rough math, 50 million actual workers supporting 300 million dependents. that's the nature of the economy today. it will only accelerate. eventually you will have 10 million using AI tools to do all the work and 340 million dependents. the reason no one roots out the fraud is because it's the system that keeps our extremely fragile polity intact. the fraud is the UBI. the purpose of the system is what it does. of course, it's a deeply unfair system, because you are allowed to commit fraud if you are a politically protected client group of the democrats. DOGE was killed faster than any government program ever, because it attempted to root out the fraud. if you are honest and unwilling to commit fraud, you are a huge loser in this system. your neighbor will have their mortgage subsidized by some government program. they will get favorable SBA loans due to DEI. they will open a fake hospice or autism clinic. they will get paid for taking care of their neighbor's kid and vice versa. the primary skill in the labor market is learning how to extract money from state and federal government programs, not gaining skills or making yourself employable. if you are just trying to work an ordinary wagie job you are a huge sucker. you are paying 40-50% effective all in taxes to everyone else who is a net taker. the sad part is because AI is such a substantial productivity boost, it will actually keep this system going for a while longer, and maybe in perpetuity. AI boosts the 15% of the population that is actually productive so much that the remaining 85% can coast by. no one in charge will change this because they can't think of anything else. the political costs of a real UBI program are too great and we don't have the money for it anyway. so we will keep this covert fraud-based UBI program running indefinitely. unfortunately, if you are an honest wagie, you lose.

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Stoic (🗿, 🗿)
Stoic (🗿, 🗿)@LinePls·
@nicksrightpod "this realtor is offering a more competitive rate than you - can you match it?" Why I never - nah, you just eat that $20k commission like a good pay-piggy, home buyer/seller!
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Fiona
Fiona@squiggle888·
@ItIsHoeMath @stephlepp But is it okay when Nancy likes to fight? It gets a bit murky at that point. It’s fine if Stevie wants to be a chef but is it okay when Nancy wants to be a cop?
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Stephanie Lepp
Stephanie Lepp@stephlepp·
Masculine and feminine are two overlapping bell curves. The Right is guilty of forcing everyone into "normal" stereotypes, while the Left is guilty of collapsing two curves into one. A wiser path honors the difference between the curves, while making full room for outliers.
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The Rubber Chicken🇨🇦
Edmonton area, this is what its coming to for some people sadly
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Aaron Bastani
Aaron Bastani@AaronBastani·
Superb political ad. One of the best you’ll see. This is better, and resonates more, than anything coming from Labour or the Tories.
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Stoic (🗿, 🗿) ретвитнул
Jake
Jake@JakeCan72·
Pepsi couldn’t compete with Coca-Cola. So they bought Taco Bell, KFC, and Pizza Hut to sell more Pepsi. Then spent decades lobbying to keep the federal minimum wage at $7.25 — unchanged since 2009. The savings from consolidating locations funded the lobbying. The lobbying kept wages flat. The flat wages kept lobbies closed. The guy in the video below just wanted a Mexican pizza. $7.25 an hour. Nobody wants the job. Lobby’s dark. He ate it in his car — and completely came apart about it. This didn’t happen by accident. That is the direct result of a corporate consolidation strategy that started because Pepsi couldn’t beat Coca-Cola. Pepsi spun the brands off as Yum! Brands in 1997. One company now controls KFC, Taco Bell, and Pizza Hut. Same consolidation. Same lobbying. Same wages. Trump is pursuing antitrust action against Google, Live Nation, and Big Ag for exactly this pattern — consolidation that kills competition, suppresses wages, and extracts the difference for shareholders. Yum! Brands fits the pattern perfectly. The trust-busters have a list. It should be longer.
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Barry
Barry@BarryOnHere·
Charlie Kirk got assassinated at 31 years old and then became the biggest joke on the internet. His face is now constantly superimposed onto pictures & videos for people to laugh at for the rest of time. His widow has made a mockery of him and she herself has become a meme. Basically, everything he ever did in life has been rendered useless. There's something incredibly sinister & demoralizing about this, like watching a person's soul being sent to Hades in real time, only it's not the Ancient Greeks. It's us.
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Tara Ann Thieke
Tara Ann Thieke@TaraAnnThieke·
When I was 19 I found out a Zionist had made a list of every American he could find who had criticized Israel. There were tens of thousands of people on the list w/ reasons given for why they deserved to be labeled an enemy target. I was shocked to find my dad on the list because he had signed an anti-war petition. It is laughable to suggest my father is an anti-semite, but he is strongly anti-war. I, being 19 & extraordinarily naive, contacted the maker of the list to explain this was about war, not anti-semitism, and asked him to take down such a dangerous "enemies" list. He responded cheerfully that I was obviously also an "enemy of Israel" because I was opposed to making "enemy lists" and so he added my name to it and wished death upon me. The next 20 years taught me that wasn't a fringe character - that is contemporary media & political policy. The deliberate mixing of criticism of Israel with antisemitism is the actual revolting bad-faith practice and has no place in a polite, free, or (dare we hope one day) loving society.
New York Post@nypost

'Giant' review: John Lithgow is superb as Roald Dahl in show about his revolting anti-Semitism trib.al/fjtu38M

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I,Hypocrite
I,Hypocrite@lporiginalg·
Passport bros, I don't feel so good
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Ansem
Ansem@blknoiz06·
do any of you guys use those whoop things
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antitard
antitard@antitardUSA·
@carolcary183429 @MatrixMysteries The point is that people keep posting shit like this while pretending you have to spend $300 a day just to be there when that’s complete bullshit. Is it more expensive than it used to be? Sure. Is it what these people like this dude make it out to be? Not at all.
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MatrixMysteries
MatrixMysteries@MatrixMysteries·
Vegas is becoming a fee trap. A man staying at Caesars Palace spent $200 in UNDER 24 hours just surviving. $23 egg fried rice + $15 SERVICE fee $3 lobby pickup fee $12 ATM fee $50 RESORT fee “No free water. No free coffee. Everything has sensors.” “Don’t come to Vegas”
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Stoic (🗿, 🗿)
Stoic (🗿, 🗿)@LinePls·
@atelicinvest @TrungTPhan Compute cost is more akin to service costs; it would be like your gym blowing $2k a month on masseuses to keep $200/mo members happy.
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Unemployed Capital Allocator
Unemployed Capital Allocator@atelicinvest·
Custom internal analysis by unemployed capital shows that my gym is offering 690k worth of equipment for 30 dollars a month. That's negative infinity gross margins! And that was before they added a new sauna this year. How is this sustainable.
Bearly AI@bearlyai

Cursor internal analysis shows how hard Anthropic is subsidizing Claude Code. Last year, a $200 monthly subscription could use $2,000 in compute. Now, the same $200 monthly plan can consume $5,000 in compute (2.5x increase).

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Stoic (🗿, 🗿)
Stoic (🗿, 🗿)@LinePls·
@massinference @BullyEsq This type of renaming of historical landmarks smacks of the same type of woke political activism as those tearing down statues of civil war heroes and renaming landmarks after native Americans. Same logic.
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Massinference
Massinference@massinference·
@BullyEsq Wait until they're really comfortable with you, then drop in a “Gulf of America” and watch the confusion.
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José Ángel Lara
José Ángel Lara@DrGarro23·
@msankey86_570 @WomenPostingLs An enrichment scheme is what the Orange-Pile-of-Shit-in-Chief does as seamlessly as he breathes. The Board of Peace? Enrichment scheme. The constant quid-pro-quos? Enrichment scheme. Copyright infringement to push his fascist narrative? Enrichment scheme.
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