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Culture War Roundup for the week of April 29, 2024

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I spend nearly all of my message board time on either the Motte, Data Secrets Lox, a few other small-volume boards, and a finance board more oriented toward long-term investing. Pretty much everything else is direct blogs/substacks and an occasional quickly-regretted venture onto Twitter.

The key is smaller groups that are either gatekept or uninteresting to the general public. Everything else is garbage.

What is Data Secrets Lox? Can you describe a bit more about that?

It's the "official" builtin board style forum of (like the 3rd cousin?) of themotte. I think the relationship is roughly like:

lesswrong 
   └─> slatestarcodex ──> astralcodexten <─> datasecretslox
              └──> r/slatestarcodex ──> r/themotte ──> themotte 

Obviously the full history is a bit more complicated and there is a bunch of cross mixing between the branches.

DSL was created by users of the open threads on SSC when the blog went down IIRC. So very closely related to TheMotte's origin

Yes, exactly. I would describe it as more esoteric in that there are many more threads with diverse topics. Also the general vibe is a bit more relaxed and personal beefs are tolerated somewhat more.

The finance board is just bogleheads.org which is pretty public at this point. I mostly stick to a few niche topics (like TIPS investing) that have dedicated posters, but there is a lot of good information there for people who are new to investing.

Why TIPS? Do you ladder treasuries for deep cash? SGOV/BIL holder here.

BOXX > SGOV for tax reasons, in my opinion.

SGOV dividends are largely federal tax exempt since it's 90%+ treasuries. I don't think that's the case for BOXX?

No. SGOV dividends (as well as treasuries) are taxed as ordinary income at a rate of up to 40.8%. Add in state taxes, and you're paying nearly half of your already paltry income. It's a very bad deal.

BOXX is taxed as capital gains and only when you sell. If you hold for a year, the maximum rate is 23.8%. Note that this is a somewhat novel product so there might be ruling against it in the future, but in theory it works.

Perhaps you are confusing SGOV for a muni, which is generally not taxed at the federal level. These have other downsides, such as higher risk and lower yields.

In any case, lending money to the government is a pretty awful deal. They dilute you constantly and charge you extortive taxes for the privilege. In the end you're much better off owning a shiny rock (might write a post about this later).

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