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Sagebrush posted:jeff bezos could personally end homelessness in america forever (this would cost an estimated $20bn/yr, which he could supply perpetually as a trust) and he would be the most famous philanthropist in american history. they'd put up statues and name schools after him like andrew carnegie. he could keep 1 billion dollars for himself and ensure that his family lives like kings for the rest of eternity. if all of america's multi-billionaires could put aside their asinine personal space projects, they could work together to end homelessness, hunger, and a ton of other problems, but you need to be a sociopath to have that much money
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Dec 16, 2020 05:05
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Roosevelt posted:the average age in congress is about 60, and it's a bunch of businessmen and lawyers. the oldest are in their late 80s. a lot of them probably still don't use email. the comprehension of technology is probably about 0 It owns that we are rules by a group of dying boomers. ALAB is a podcast I listen to that covers lawyer stuff and their recent episode was on geriatric. Our judicial system is equally full of senile folks. I believe most of them practice in different circuits and all had personal stories about dealing with senile judges.
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Dec 16, 2020 05:05
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Roosevelt posted:you need to be a sociopath to have that much money yeah, i think this is really the crux of it. simply to acquire that much in the first place, you have to have an abnormal brain that doesn't respond to normal human pleasures. how many times have we heard of some billionaire ceo who still goes into the office every day, on their phone all night, obsessed with the business and making more money? imagine having a billion dollars and thinking you still need to increase it even more. they should lock these people up in a lunatic asylum
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Dec 16, 2020 05:09
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Roosevelt posted:if all of america's multi-billionaires could put aside their asinine personal space projects, they could work together to end homelessness, hunger, and a ton of other problems, but you need to be a sociopath to have that much money he doesn't even need to end his space project! he's got the money to do both at the same time!!!
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Dec 16, 2020 05:25
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Roosevelt posted:the US national debt at this point is such an abstract concept to me. it's like trying to hear the sound of a color. i used to think a debt was something you pay back, but now what. ok you guys want your 27 trillion dollars back? suck my red white and blue balls! It does get paid back. If you buy a bond you will get paid in full. The real poo poo about the debt is that its almost 100% owned by american people and businesses. The debt is an income source for all kinds of investors and retirement funds. It would actually cause severe problems if it were eliminated for this reason. The way to think about the debt is that its a redistribution mechanism. We should see cash going out as neither good or bad. It just depends who gets taxed and who gets the bond returns.
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Dec 16, 2020 05:33
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AnimeIsTrash posted:It owns that we are rules by a group of dying boomers. They aren't boomers. Look at when Nancy was born.
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Dec 16, 2020 05:35
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Salt Fish posted:It does get paid back. a deep irony of the 2008 crisis is what ultimately kicked it off is that we were running a budget surplus and there literally wasn't enough federal debt (t-bills) to facilitate our economy. so wall st. had to go out looking for alternative collateral and settled on mortgage-backed CDOs. and we know what happened after that
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Dec 16, 2020 05:39
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Salt Fish posted:It does get paid back. one mans deficit is another’s surplus
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Dec 16, 2020 06:07
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Farmer Crack-rear end posted:he doesn't even need to end his space project! he's got the money to do both at the same time!!! we should encourage elon to bast off to mars and take as many techlords with him as possible
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Dec 16, 2020 06:18
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strong evidence against homosexuality
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Dec 16, 2020 06:18
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PIZZA.BAT posted:a deep irony of the 2008 crisis is what ultimately kicked it off is that we were running a budget surplus and there literally wasn't enough federal debt (t-bills) to facilitate our economy. so wall st. had to go out looking for alternative collateral and settled on mortgage-backed CDOs. and we know what happened after that wasn't one of the worst american financial panics of the 19th century caused by the federal government paying off its national debt in full?
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Dec 16, 2020 07:37
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[close to] zero interest was supposed to be an emergency measure but it’s been that way for a decade those 10% reagan military buildup bonds are what we’re paying off now. before the 21st century it was possible for a normal human to build a compouding nest egg with zero risk government bonds but nobody on wall street got any fees on it so we can’t let that happen again. the only way to make real money in t bills is to start with several billion dollars in the first place
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Dec 16, 2020 08:10
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Its true, but then its free money and the government should borrow more. Anyone who can borrow at 0% would be a fool not to.
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Dec 16, 2020 08:50
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qirex posted:before the 21st century it was possible for a normal human to build a compouding nest egg with zero risk government bonds but nobody on wall street got any fees on it so we can’t let that happen again. while correct the more direct reason why interest rates can't go up is because it'd make markets collapse dramatically.
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Dec 16, 2020 09:03
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I dunno what the gently caress is happening around here lately, but check out the sweater the center left guy is wearing to “pancakes with Santa” https://twitter.com/TheCrackdEgg/status/1338232766673072129
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Dec 16, 2020 13:51
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Roosevelt posted:if all of america's multi-billionaires could put aside their asinine personal space projects, they could work together to end homelessness, hunger, and a ton of other problems, but you need to be a sociopath to have that much money They fundamentally can't. They all believe that space is their escape from this planet. https://www.youtube.com/watch?v=OQHZjBVfDhg
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Dec 16, 2020 15:06
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AnimeIsTrash posted:It owns that we are rules by a group of dying boomers. ALAB is great
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Dec 16, 2020 15:10
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endlessmonotony posted:The problem is that humans can't comprehend scale. (We have ample research evidence demonstrating that big enough numbers just don't click.) no, the problem is that finances work fundamentally differently for a government than a household, and even more so when the government is the United States because it is the reserve currency
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Dec 16, 2020 15:13
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Pittsburgh Fentanyl Cloud posted:I dunno what the gently caress is happening around here lately, but check out the sweater the center left guy is wearing to “pancakes with Santa” is that a christmas sweater with a noose on it
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Dec 16, 2020 15:22
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anyway i hope everyone in that picture gets covid and dies of it
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Dec 16, 2020 15:23
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kitten emergency posted:is that a christmas sweater with a noose on it Yes, correct, it is a Christmas sweater covered in nooses, covering a man dining at a restaurant that openly associates with the Proud Boys.
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Dec 16, 2020 15:30
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kitten emergency posted:anyway i hope everyone in that picture gets covid and dies of it spare the servers and the children, imo.
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Dec 16, 2020 15:36
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https://www.bloomberg.com/news/articles/2020-12-15/mackenzie-scott-gives-away-4-2-billion-within-four-months posted:This year has also been an active year for Bezos’s philanthropy. In February, he committed $10 billion to issues related to climate change and last month announced the first of those grants, totaling nearly $800 million to 16 groups. He also disclosed another round of grants for his Day One Fund, giving away more than $100 million to 42 organizations that combat family homelessness. Gonna have to do some advanced maths to work out if he's going to notice those donations
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Dec 16, 2020 15:57
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I'd like all rich people killed, in minecraft of course.
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Dec 16, 2020 15:58
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Captain Foo posted:ALAB is great there exists no more perfect username or persona than “the helldude”
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Dec 16, 2020 17:50
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say hello to america's new secretary of transportation he probably told the south bend service department to fill a couple of potholes at some point, so he's obviously very experienced with matters of transportation and logistics
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Dec 16, 2020 18:13
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The_Franz posted:he probably told the south bend service department to fill a couple of potholes at some point, so he's obviously very experienced with matters of transportation and logistics he took out some traffic lights and got some students on their way to school killed
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Dec 16, 2020 18:15
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graph posted:he took out some traffic lights and got some students on their way to school killed jfc
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Dec 16, 2020 18:16
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graph posted:he took out some traffic lights and got some students on their way to school killed yup he’s garbage and doesn’t actually give a gently caress about anything or anyone except one day becoming president. he reminds me a lot of zuckerberg tbh except obviously less rich. i can’t stand him and it makes me mad tbh that he’s probably going to be lauded as some kind of terrible queer icon because nobody should grow up to be like pete
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Dec 16, 2020 19:14
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he sucks very badly for a man who's name is booty judge. i wouldn't trust his taste in rear end at all
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Dec 16, 2020 19:16
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gavin newsom will wreck mayo pete in the 2028 primary [then pick him for vp]
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Dec 16, 2020 19:23
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qirex posted:gavin newsom will wreck mayo pete in the 2028 primary [then pick him for vp] great two terrible things that taste terrible together also idk if dems can have two white guys on the ticket anymore, general queerness aside
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Dec 16, 2020 19:25
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old republicans will get behind gavin newsom once they get a look at his wife 
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Dec 16, 2020 19:26
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Captain Foo posted:no, the problem is that finances work fundamentally differently for a government than a household, and even more so when the government is the United States because it is the reserve currency What? Do you print your own money in your household?
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Dec 16, 2020 19:47
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endlessmonotony posted:What? i do and you better fuckibg not rat me out
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Dec 16, 2020 19:49
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endlessmonotony posted:What? what? no I’m not sure what you were getting at here
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Dec 16, 2020 19:53
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i think maybe op feels that national governments are indeed like households in this regard.
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Dec 16, 2020 19:54
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PokeJoe posted:he sucks very badly for a man who's name is booty judge. i wouldn't trust his taste in rear end at all i’d do this job
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Dec 16, 2020 19:55
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President Beep posted:i think maybe op feels that national governments are indeed like households in this regard. imo the government should put most of its income in a 401k
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Dec 16, 2020 20:00
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Captain Foo posted:what? no Coward. gently caress the police, laws ain't real.
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Dec 16, 2020 20:01
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