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baquerd posted:Some people may be economically worthless on their own merit when that merit is evaluated within a snapshot of time. However, when considered along side the societal effects of killing many peoples' relatives, along with the potential for the worthless to improve themselves, the economic benefit to keeping these people alive is substantial, even given that some small fraction will not be missed by anyone. The rate of false positives of killing people that will not be missed will cause immense problems. At the same time, slave labor is not popular due to cultural reasons, not economic ones, unless you would make the claim that keeping a person alive that you can do whatever you want with is less than the cost of feeding and sheltering said person. Yes, that is precisely what I am stating. There are many individuals who are *** literally *** completely worthless in strictly economic terms. My opponents are completely correct in pointing out that humans have value beyond economic terms, and I fully accept this argument. But my point is that in strictly economic terms, these humans are completely worthless. Their deaths are the best economic value they can provide to society. (USER WAS PUT ON PROBATION FOR THIS POST)
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May 21, 2018 15:55
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Go find an Ayn impersonator to peg you alreadyhttps://www.reddit.com/r/personalfinance/comments/8kumjp/thinking_about_opening_a_bar/ posted:Thinking about opening a bar... quote:I've never heard of the "sunken cost fallacy." Thank you for sharing that! He ends up being convinced hes a dumb rear end at least.
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May 21, 2018 16:08
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Yikes. What's the name of that smiley where someone walks in, sees something horrifying and slowly backs out?
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May 21, 2018 16:10
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EAT FASTER!!!!!! posted:Yikes.  You were very close.
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May 21, 2018 16:13
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Inept posted:He ends up being convinced hes a dumb rear end at least. Surely what Las Vegas needs most is another bar.
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May 21, 2018 16:13
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Don't worry, there's still hope he will do it eventuallyquote:Going to do something smarter with my money to help it grow and then maybe, one day, I'll have the bar of my dreams...
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May 21, 2018 16:25
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Inept posted:Go find an Ayn impersonator to peg you already My wife’s best friend’s husband just bought a bar after selling his 50% share in his previous company. They’re not rolling in money, but they have enough to buy the bar outright. He’s extremely business savvy, works very hard and between them, they are excellent cooks, so hopefully it goes well for them. I’ve told my wife how many stories like this there are that end badly, but they’re committed now, so we’ll see how it goes.
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May 21, 2018 17:42
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Cacafuego posted:My wife’s best friend’s husband just bought a bar after selling his 50% share in his previous company. They’re not rolling in money, but they have enough to buy the bar outright. He’s extremely business savvy, works very hard and between them, they are excellent cooks, so hopefully it goes well for them. I’ve told my wife how many stories like this there are that end badly, but they’re committed now, so we’ll see how it goes. I've seen just as many stories about bars and restaurants that did great and still failed as bars that did terrible and failed. It sometimes doesn't matter how awesome you are at running it. My old roommate was a waitress who closed three different restaurants down. And since everyone raids the bar on that last night, she had a fantastic selection of booze. One was a corporate restaurant. She needed a dolly to haul all that out. So there's always a bright side I guess.
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May 21, 2018 17:48
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I’ve said it before, I’ll say it again. Anyone who wants to open a restaurant should be forced to watch an all day marathon of Kitchen Nightmares from the time they get up to the time they fall asleep. After that 75% would probably change their minds, and the rest are either prepared or at least can’t say they weren’t warned. There’s so many where the owners mention cashing out their retirement to try to keep the restaurant running.
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May 21, 2018 18:06
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Phanatic posted:The primary vice of SS is that it's a regressive tax. quote:Taking money away from working young and poor people and giving it to wealthy old people is not a social good. It's pretty much the opposite, actually.
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May 21, 2018 18:10
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EAT FASTER!!!!!! posted:Yikes. 
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May 21, 2018 18:22
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22 Eargesplitten posted:I’ve said it before, I’ll say it again. Anyone who wants to open a restaurant should be forced to watch an all day marathon of Kitchen Nightmares from the time they get up to the time they fall asleep. After that 75% would probably change their minds, and the rest are either prepared or at least can’t say they weren’t warned. There’s so many where the owners mention cashing out their retirement to try to keep the restaurant running. Don't mine gold, sell the shovels to gold miners. If I win the lottery, I'm starting a kitchen appliance and supply company.
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May 21, 2018 18:48
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BigDave posted:Don't mine gold, sell the shovels to gold miners. This right here. They sell the same equipment 2 and 3 times or more. It's the buy-here-pay-here used car lot model.
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May 21, 2018 19:08
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22 Eargesplitten posted:I’ve said it before, I’ll say it again. Anyone who wants to open a restaurant should be forced to watch an all day marathon of Kitchen Nightmares from the time they get up to the time they fall asleep. After that 75% would probably change their minds, and the rest are either prepared or at least can’t say they weren’t warned. There’s so many where the owners mention cashing out their retirement to try to keep the restaurant running.  People should also be forced to work in a restaurant/bar for a year before opening one. Hard to get starry-eyed about the cozy little family-owned restaurant of your dreams when you see what kind of poo poo actually goes on in the part customers don't see.
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May 21, 2018 19:39
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You mean I have to scrub everything down and throw out rotten food every day? And keep track of inventory and do taxes and payroll and pay bills? And fire people for coming in stoned or not coming in or for stealing product? I just wanted to have people compliment my cooking! Firing people is why I could never run a company. Even when I would know it’s what needed doing I would feel too bad about it.
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May 21, 2018 19:46
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Firing people sucks, almost as much as keeping around someone who needs to be fired.
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May 21, 2018 19:49
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Haifisch posted:But it's my lifelong dream to own a nice little cafe where we'll serve much better coffee than starbucks and hey why aren't we making money? But then you end up with that one guy who spent a few months cutting onions and doing the absolute least he could do before opening his own restaurant. The kind of person who isn't already working in food service, but who wants to run a restaurant - isn't the kind who is going to go into another guy's restaurant and learn anything. THAT was a good story. I can't remember all the details, but it's the one where they finally make a profit and then close the restaurant and give everyone 2 weeks paid vacation in celebration, completely ruining any sales momentum they had going.
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May 21, 2018 19:49
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Krispy Wafer posted:But then you end up with that one guy who spent a few months cutting onions and doing the absolute least he could do before opening his own restaurant. The kind of person who isn't already working in food service, but who wants to run a restaurant - isn't the kind who is going to go into another guy's restaurant and learn anything. I was just looking for that story and I can’t remember what it was called. Great story and the dudes investor made out amazingly after he was forced to sell a semi successful business for pennies.
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May 21, 2018 19:58
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Was that the one where the guy had a rifle on his shoulder and a cider in his hand talking small talk with his imagined regulars?
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May 21, 2018 20:02
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BigDave posted:first female billionaire startup founder [...] requires her to pay a $500,000 penalty.
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May 21, 2018 20:06
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Lowness 72 posted:Was that the one where the guy had a rifle on his shoulder and a cider in his hand talking small talk with his imagined regulars? Yes it is. I got you fam. I re-read it every year or so to chase that high.
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May 21, 2018 20:10
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Just spend a few thousand building a kick rear end bar in your backyard or something and have friends and family over if you really want that dream so bad.
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May 21, 2018 20:14
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Tamba posted:That sounds very good with money though? She was a paper billionaire not a real one. It was all based on theranos’s valuation. That’s not so high anymore.
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May 21, 2018 20:20
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Cicero posted:The way it's paid out is redistributive though. In practice people who are poor throughout their working lives will still (probably) get out a lot more than they put in. That's possible, but I wouldn't go so far as to say probable. The marginal value of a dollar today for most people is greater than the marginal value of that dollar decades from now. quote:...but enough about Prop 13 and zoning! Also yes. Figuring out "Hey, if we go all NIMBY and making building new housing really difficult, we'll make out like bandits on our property values" might be the single most evil thing the boomers did.
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May 21, 2018 20:47
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Senor Dog posted:She was a paper billionaire not a real one. It was all based on theranos’s valuation. That’s not so high anymore. In fact, according to Forbes, her net worth was revised in 2016 from $4.5B to $0. https://www.forbes.com/sites/matthe...izabeth-holmes/
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May 21, 2018 22:24
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Soon to be -$500,000 minus her legal fees.
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May 21, 2018 22:32
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All of her wealth was tied up in ownership of the company. But since it never had an IPO it's like Trading Places where you're a rich pork belly/orange juice baron one day and broke the next. The moment the corporate credit card stops working she's probably got nothing except liabilities.
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May 21, 2018 22:32
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what if we had ubi, but only for people making more than 1m/yr?
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May 21, 2018 22:52
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Universal Billionaire Incineration 
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May 21, 2018 22:55
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Guest2553 posted:Yes it is. I got you fam. As good as that was (and gently caress it was good), there was a goon story about how he tries to take over a restaurant and runs into a bunch of family problems, including embezzling. I don't remember his name, only that (1) it was a BBQ restaurant and (2) he had taken community college culinary art classes. I also want to say it was in Ohio, even though it was a Cajun menu.
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May 21, 2018 23:02
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UBI Urination Before Impeachment
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May 22, 2018 00:17
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BigDave posted:As good as that was (and gently caress it was good), there was a goon story about how he tries to take over a restaurant and runs into a bunch of family problems, including embezzling. I don't remember his name, only that (1) it was a BBQ restaurant and (2) he had taken community college culinary art classes. I remember that, they had an enormous menu with all sorts of exotic stuff like alligator on it, but because they had no actual customers they kept having to throw it out.The poor kid was working insane hours in his family restaurant that was clearly going to fail and the parents weren't really putting in the work if I remember right. Restaurants are one of those businesses where it's somehow BWM for both the patrons and the owners.
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May 22, 2018 00:21
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BigDave posted:Don't mine gold, sell the shovels to gold miners. There's a company on the ASX that does exactly this, silver chef. They were going so well they thought they would expand into car hire. Turns out its much much easier to move (steal) a loving car than a kitchen.... Things went very poorly. They had a sure thing and hosed it up, very BWM.
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May 22, 2018 00:37
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Krispy Wafer posted:I've seen just as many stories about bars and restaurants that did great and still failed as bars that did terrible and failed. It sometimes doesn't matter how awesome you are at running it. I was at a family get together a few years ago, the guy hosting it at his house ran a popular bar in a resort town. Someone mention that it must be going well because he's obviously doing well. He says that the bar does ok, and for years he was only just breaking even. Then the state loosened gambling restrictions, and he put in a few multigame machines. After a few months of those going in, he cleared enough to hire more people, and was able to take vacations. If he cleared out more space for more machines, he could rake in even more, but he'd rather keep the space for tables. So the secret is gambling. In BWM news, a coworker really wanted to buy a house, and only just talked out of the first one because it was in a flood plain and had some sketchy foundation business. So he went for another one he could only just afford. I heard him saying that if he needs a lot of OT a month to have any savings. I'm sure this will go well.
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May 22, 2018 01:59
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There's a joke in the restaurant business that owning a restaurant is a $1,000,000 investment to give yourself a minimum wage job.
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May 22, 2018 02:14
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brugroffil posted:Just spend a few thousand building a kick rear end bar in your backyard or something and have friends and family over if you really want that dream so bad. I have a friend who runs a pizza shop, and then turned the 2nd floor into a taco place that is also his hangout bar for friends. He has karaoke on weekends. He put in two MAME cabinets too. But it took a while before it got off the ground. The taco idea was originally a stand that only lasted a couple months before it closed.
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May 22, 2018 03:46
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If you love cooking that much (assuming you're not lovely at it), organize a get together with friends where you make a bomb-rear end meal and they bring ingredients. Like being a DJ to go to house parties, or something. The Something Awful Forums > Discussion > Ask / Tell > Bitcoin, Forex, and Candles > Is Aunt Margaret trying to sell me a dildo 
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May 22, 2018 03:55
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Guest2553 posted:If you love cooking that much (assuming you're not lovely at it), organize a get together with friends where you make a bomb-rear end meal and they bring ingredients. This is a wonderful pastime.
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May 22, 2018 03:56
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Guest2553 posted:If you love cooking that much (assuming you're not lovely at it), organize a get together with friends where you make a bomb-rear end meal and they bring ingredients. Like being a DJ to go to house parties, or something. Very good with money Here's a great local restaurant fail story (possibly GWM): https://sf.eater.com/2018/2/21/17038614/makers-common-berkeley-closing posted:
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May 22, 2018 04:20
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Guest2553 posted:If you love cooking that much (assuming you're not lovely at it), organize a get together with friends where you make a bomb-rear end meal and they bring ingredients. Like being a DJ to go to house parties, or something.
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May 22, 2018 04:22
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