The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
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User ID: 174
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
3hr ago
Before we can go any further, there are two things we need to get out of the way. The first is that approximately 900,000 prime-age men are currently incarcerated, accounting for about 1/8 of the total.
The denominator of the labor force participation rate is "Civilian noninstitutional population", which excludes the incarcerated. So these have no effect.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
6hr ago
You can live in the NYC metro area, just not Short Hills or Essex Fells or Alpine or whatever other hyper-expensive example you can find.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
6hr ago
There is an excess of single men under 40 essentially everywhere in the US, including New York.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
7hr ago
There are only two kinds of objects in a relationship, a sex object or a resource object, and I can't stand being the latter one.
You shouldn't have been born male, then.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
8hr ago
My first role out of undergrad, the TC was about twice the US median household income at the time. It was on the high-paying side but unremarkably so.
Making twice the US median HHI straight out of undergrad 30 years ago would in fact have been quite remarkable. It's pretty remarkable now, in fact. Sure, there's a few roles where you can do it; big tech (at least if they start hiring again), some of finance, biglaw. But very few.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
9hr ago
In many places, starter single family homes run about $2M. You're not going to be able to afford that with a single half decent job.
Many? I live in an expensive area of the country, northern New Jersey. It looks like that's true for Millburn, NJ -- one of the most expensive places in the area. It's not true for a lot of adjacent similar places. You don't have to go to to rural Iowa to get cheaper housing than that.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
9hr ago
Historically there were multiple types of colleges -- the rounding-out kind were only one. Polytechnics, engineering schools, normal schools (teacher's colleges), mining colleges, and agricultural/A&M colleges were all about improving the students. The distinctions are vestigal nowadays, though.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
10hr ago
Trumps previous military interventions have all been short and sweet, and mostly successful. The evidence that this one will not be is ???
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Iran is clearly a much bigger nut to crack
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The administration has already said it won't be that short -- September is what I heard yesterday
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Any requirement for action now due to nuclear progress (which the administration has claimed) demonstrates the previous intervention was not very successful. I don't really believe this intervention was necessary to keep Iran from getting the bomb in the immediate future, but obviously I have no access to the data on that; I just assume if a government official's lips are moving he's probably lying.
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There doesn't seem to be a useful exit. Unlike Venezuela, there's no lower-down officials more willing to play ball. Nor any rebels -- the protestors turned out to be the equivalent of right-wing militias and the Minneapolis people, all noise and no ability for real action when push comes to shove. Reza Palahvi, unsuprisingly, has nothing. Everyone who can fight is aligned with the Islamic regime. The normal way to handle such a situation (which is a typical one in war) is a land invasion, but the US claims it won't do that. And certainly it would be quite messy if it happened.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
10hr ago
The other thing you need is an environment where it's acceptable to keep only one eye on the kids rather than both, and if the kids do escape supervision and get into trouble, it's considered normal and not neglect.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
10hr ago
I bet many women would accept a poorer and more boring lifestyle if it meant a handsome, kind-natured and faithful husband who was good around the house and yard, knew how to repair everything (and did it without being asked) and who devoted themselves fully to providing for and looking after their family (and not drinking or being abusive or cheating).
I'd bet against. They'd find the guy boring and want more. You've basically described the stereotypical 1950s situation, which is usually considered to be "stultifying" by women.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
My point is that your numbers are unrealistic for the past 30 years. Making enough to save $10,000/year 30 years ago (when median household income before taxes was $35,492, top quintile was $78,324) would have been quite difficult, especially when you consider the person would be no later than early-mid career. Making enough to save $200,000 takes a phenomenal salary -- top 20% in 2024 was $219,281.
Realistically, if you want to get to $10M you need to do better with investments, or have an extremely high salary early on.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
He can still be Caesar Julius.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
If you start with year 1 putting $50K into basic bitch equity funds
My salary year 1 was rather less than that; I think it was Year 4 or 5 before I made that much. And it was a good salary for the time. Having an extra $50K to put away in year 1 would be very unusual even today. If you get a job at a FAANG out of college you can (maybe year 2 if you've got student debt), but in recent years your best bet there would have been to hold on to your RSUs -- but people who are old today didn't have that possibility.
A $10M net worth is a little bit more than the top 1% in the US.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
Fuentes, like Hanania, was always going to do this, though. It's not about Iran, it's about being controlled opposition from Day 1.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
Yeeting a $400 flying lawnmower into a tanker isn’t that hard.
And won't do much to the tanker. Iran has drones which can do that, but they're a lot bigger and more expensive.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
You can't tax them, even if you could figure out a way to enforce labyrinthian tax laws and close loopholes you'd better keep an army of lawyers on retainer and a heavily armed IRS, and doing so has its own perverse incentives on those who dodge them by technicalities.
Elon Musk paid $11 billion in one year in Federal taxes. Have you even paid so much as $11 million in total?
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
1d ago
The UK and USA are both explicitly not nation-states from their foundings - that is why they have "United" in their names.
In the sense used here, the US was, from founding, intended to be such -- but without the ethnic purity, since it was mongrel at the foundation.
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
So, "one people".
The "United" was about states with different interests, not about different peoples.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
I think he meant it more in the way that you can't swing for the fences on day one. You have to aim for millions before you get to billions.
Looks like that's not true, at least if you're doing it by founding a company -- Ellison, Zuckerberg, Bezos, and Page all did it in one shot.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
Now I am wondering what size of explosion one would need at the sea floor (perhaps 80m deep) to simply capsize an overhead tanker through the resulting bubble or shock wave. If it could be done with a ton of TNT, that would be an obvious winning move, if it takes a kiloton, that is probably out of reach for Iran.
Supertankers are just too big for that to work. You need to get your mine closer.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
In the same way that Hoover Dam was.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
Closing the Straits is the objective; without the US doing this, Iran might not even have to sink a single tanker to do it. The cost of the tankers isn't the problem; even if Iran sank a few, they're cheaper than the stuff we're dropping on Iran for free. The problem is even with American protection, you might not be able to get anyone to try to traverse the straits once a few tankers were sunk -- but that's true regardless of whether America was insuring them.
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
I've been having some thoughts recently about the billionaires among us, some opinions, some takes even. My politics on this has evolved over time; at one point they were admirable titans of industry, then they were capitalist parasitic ticks, then they were a necessary part of the incentive structure that drives to economy, and now they are a bloated level of inefficiency preventing the market from functioning efficiently.
Elon Musk is an argument against ALL of these.
I guess I'm just kinda over us deciding that once you reach a certain net worth, you are some sort of luminous being. You can go to pedo island and it's fine
It turns out there was no pedo island, just hookers-as-young-as-17 island, and that's kind of meh. And lots of "mere millionaires" went there.
you can do drugs that normies go to prison for an it's fine
I'm pretty sure lots of people with net worth hovering around zero do drugs (meth, cocaine, opiates) without going to prison.
you can fuck up critical national infrastructure and it's fine, you have infinite money when it's time to do what you want but somehow you have no money (or negative money!) when it's time to contribute to the public good.
So is your lifetime tax bill even a mere 8 figures yet?
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
The_Nybbler
If you win the rat race you're still a rat. But you're also still a winner.
2d ago
The US government (and the Israeli government, but they don't have the capacity to help) caused this situation. It seems perfectly reasonable for the US government to alleviate it. Doing so also helps US war aims by reducing Iran's ability to harm the world economy.
If Iran doesn't have the capacity to sink tankers, the US isn't actually going to lose from this. If they do, insuring and protecting them seems like a reasonable cost of war.
There's a lot of shipping that isn't oil shipping, and a lot of oil shipping that doesn't go through Hormuz; the biggest impact on shipping as a whole is probably fuel costs.
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