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Is Disney: The Grandchild even a billionaire? I figured she was in the 10s of millions range, not Monopoly Man range.
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# ? Jul 19, 2019 15:46 |
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# ? May 28, 2024 01:53 |
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Thaddius the Large posted:“I want them to be happy and healthy and all, but you can’t possibly expect those kind of people to know how to do it, they need my firm and kind hand to guide them”. 'I mean, I earned all this money myself, clearly I'm the smartest person'
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# ? Jul 19, 2019 15:46 |
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Some of the 2nd and 3rd generation wealthy don't actually have control of their money. It gets put in a trust to be managed by a firm acting as a fiduciary and it pays out to them. Sometimes the first generation sets it up so the kids / grandkids / etc can't get at the capital and gently caress it up.
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# ? Jul 19, 2019 15:48 |
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flint's pipe replacement program should be done in the next couple of months. i see many people talk about flint like the water there is still toxic. and this is not to diminish the scale of the disaster, the long term damage which has been done to thousands of people, or to say that the people responsible deserve anything less than prison, but - the pipes are very nearly all fixed
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# ? Jul 19, 2019 16:12 |
luxury handset posted:flint's pipe replacement program should be done in the next couple of months. i see many people talk about flint like the water there is still toxic. and this is not to diminish the scale of the disaster, the long term damage which has been done to thousands of people, or to say that the people responsible deserve anything less than prison, but - the pipes are very nearly all fixed https://www.youtube.com/watch?v=u2ZynkD3N_k
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# ? Jul 19, 2019 16:31 |
Gyges posted:Is Disney: The Grandchild even a billionaire? I figured she was in the 10s of millions range, not Monopoly Man range. Good catch. Her net worth is apparently around $120 million, I'm gonna assume mostly in Disney stock.
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# ? Jul 19, 2019 16:43 |
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Hieronymous Alloy posted:Good catch. Cool. That means that she just needs to be stripped of 99% of her wealth instead of 99.9%. No single person should ever have over $1m in assets. Ever.
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# ? Jul 19, 2019 16:51 |
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The FT interviewed Disney a couple weeks ago. https://www.ft.com/content/b2a8b2ea-9c16-11e9-9c06-a4640c9feebb quote:Abigail Disney: ‘I’m choosing to be a traitor to my class’
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# ? Jul 19, 2019 16:55 |
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mycomancy posted:Cool. Have you ever actually done the math on this? If you own a townhouse in an area like Northern Virginia and have a few decades worth of retirement savings from a middle class job, that can easily put you over a million. It's just they can't liquidate two thirds of it without ending up homeless. VVV I've gotten spam advertising real estate in both Flint and Detroit. At the time I googled the listings out of curiosity, to see if they were real. There was an apartment building with several dozen units for thirty grand. "Drive by showings only." Blue Footed Booby fucked around with this message at 18:01 on Jul 19, 2019 |
# ? Jul 19, 2019 17:54 |
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luxury handset posted:flint's pipe replacement program should be done in the next couple of months. i see many people talk about flint like the water there is still toxic. and this is not to diminish the scale of the disaster, the long term damage which has been done to thousands of people, or to say that the people responsible deserve anything less than prison, but - the pipes are very nearly all fixed Honestly if you're looking for cheap investment opportunity Flint's the next Detroit, especially with climate change driving people north. The infrastructure is there to support over a hundred thousand people and they've already cleaned up what's going to be the biggest hit to lots of cities, aging plumbing. I wonder how much my childhood home is going for... lol. 11 grand.
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# ? Jul 19, 2019 17:56 |
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people investing in cheap michigan real estate as remote speculators are getting scammed, and they deserve it. the worst parts of the landlord mindset and the prepper mindset
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# ? Jul 19, 2019 18:07 |
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mycomancy posted:Cool. Congrats on never retiring then I guess, or living off of social security for most of that retirement.
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# ? Jul 19, 2019 18:40 |
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Any wealth ranking or benchmark sorely needs an age component, which is something that drives me crazy about basically every article about middle-class wealth.
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# ? Jul 19, 2019 18:44 |
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Bird in a Blender posted:Congrats on never retiring then I guess, or living off of social security for most of that retirement. People shouldn't have to hoard wealth to retire either, but go off I guess.
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# ? Jul 19, 2019 19:18 |
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Max Peck posted:People shouldn't have to hoard wealth to retire either, but go off I guess. I agree we shouldn't have to hoard wealth to retire, but social security is like the absolute bare minimum to get by in retirement, and that is assuming you can get other subsidized things like housing and medical care once you're that age. When we get a better federal retirement plan, let me know.
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# ? Jul 19, 2019 20:17 |
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mycomancy posted:No single person should ever have over $1m in assets. Ever. Oh, we're going to play the "every place in America has the same cost of living" game again are we? It's already been said, but here in NoVA a million bux is a 2 bedroom townhouse outside of town and a modest retirement account.
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# ? Jul 19, 2019 21:46 |
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Presto posted:Oh, we're going to play the "every place in America has the same cost of living" game again are we? I too am extremely concerned that people might take too much from the top ~5-10% wealthiest Americans. Any future where addressing that level of wealth become remotely possible would also be a future where housing is provided to all people, which basically eliminates where most of that wealth would be tied up. In the context of our current society I'd probably put the figure at more like $5M for the "never a reason to have more than this" amount, but people with $1M should still feel quietly ashamed.
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# ? Jul 20, 2019 03:50 |
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Ytlaya posted:I too am extremely concerned that people might take too much from the top ~5-10% wealthiest Americans. ABLOOABLOOABLOO WHAT ABOUT THE MIDDLE MANAGERS AND THE PETITE BOURGEOISIE WHAT ABOUT THEIR AMASSED WEALTH HUH YOU BIG MEANIE ABLOOABLOO (USER WAS PUT ON PROBATION FOR THIS POST) (USER WAS PUT ON PROBATION FOR THIS POST)
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# ? Jul 20, 2019 04:21 |
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Presto posted:Oh, we're going to play the "every place in America has the same cost of living" game again are we? Again... I don't think anyone is proposing stripping the wealthy while leaving the entire capitalist economic system in place as is. Once you have universal housing and health care (as well as functional public transportation), you take care of the largest expenses for someone living on a fixed income. You can also adjust taxation to scale with local conditions in a transitional period.
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# ? Jul 20, 2019 05:28 |
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Ytlaya posted:I too am extremely concerned that people might take too much from the top ~5-10% wealthiest Americans. You should learn more about the scale of numbers. Like how much bigger 100m is than 10m. Or even 10m compared to 1m. Does cookie clicker still exist? That game was good at that.
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# ? Jul 20, 2019 05:49 |
Cookie Clicker is loving garbage meant for the lowest common denominator, the red-faced Miller Lite guzzling moron with the overfed bovine partner. Play Universal Paperclips instead.
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# ? Jul 20, 2019 06:16 |
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Pembroke Fuse posted:Again... I don't think anyone is proposing stripping the wealthy while leaving the entire capitalist economic system in place as is. Once you have universal housing and health care (as well as functional public transportation), you take care of the largest expenses for someone living on a fixed income. You can also adjust taxation to scale with local conditions in a transitional period. Ideally, we eventually create a society where no one needs more than a hundred dollars in assets to live comfortably. Anyone caught amassing more than that gets sent off to the reeducation facilities to correct them of the greed and conservatism beginning to corrode their brain.
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# ? Jul 20, 2019 16:02 |
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SKULL.GIF posted:Cookie Clicker is loving garbage meant for the lowest common denominator, the red-faced Miller Lite guzzling moron with the overfed bovine partner. Play Universal Paperclips instead. gently caress you that's 2 hours of my life I'm not getting back.
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# ? Jul 20, 2019 17:08 |
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Since when did we get so many rabid trots in here? Regulation of capital under a social-democratic sphere is one thing; doing away with capital altogether is another.
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# ? Jul 20, 2019 18:01 |
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Grouchio posted:Since when did we get so many rabid trots in here? Rabid trot is an oxymoron tbh
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# ? Jul 20, 2019 19:39 |
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BlueBlazer posted:gently caress you that's 2 hours of my life I'm not getting back. the game has an end by the way. you should keep playing
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# ? Jul 21, 2019 04:25 |
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Rex-Goliath posted:the game has an end by the way. you should keep playing That's just mean. (It doesn't, right? That thing just straight up ruined a day for me.)
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# ? Jul 21, 2019 04:57 |
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It does; the computer converts all of the universe into paperclips. The whole thing is an advertisement for lesswrong.
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# ? Jul 21, 2019 05:09 |
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Discendo Vox posted:It does; the computer converts all of the universe into paperclips. The whole thing is an advertisement for lesswrong. But if you miss the message at the top of the page that says you converted the universe into paperclips there's nothing else to tell you that you won. You keep gathering resources and making paperclips even after "the end".
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# ? Jul 21, 2019 05:23 |
Gyges posted:But if you miss the message at the top of the page that says you converted the universe into paperclips there's nothing else to tell you that you won. You keep gathering resources and making paperclips even after "the end". Capitalism works the same way.
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# ? Jul 21, 2019 05:27 |
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Gyges posted:But if you miss the message at the top of the page that says you converted the universe into paperclips there's nothing else to tell you that you won. You keep gathering resources and making paperclips even after "the end". Lesswrong is much better at coming up with harebrained thought experiments about AI then they are at programming any actual AI.
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# ? Jul 21, 2019 05:46 |
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Gyges posted:But if you miss the message at the top of the page that says you converted the universe into paperclips there's nothing else to tell you that you won. You keep gathering resources and making paperclips even after "the end". Nope. You eventually convert the entire universe into paper clips. The end sequence has you dismantling yourself piece by piece to also turn into paper clips until all that’s left is you manually clipping those last bits of wire just like the beginning of the game.
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# ? Jul 21, 2019 05:47 |
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Berke Negri posted:of course, you lean to hard into that, then you're just into libertarianism Well yeah, but my point is that they personally have power over their own wealth and can just give it to people. The excuse often used is "if I keep it I can grow it and then use that money to fund good things," but...that isn't their choice to make. It should be the choice of all the poorer people who worked to generate that wealth. While it's impossible to know the most optimal way to give the wealth away, almost anything would be better than keeping it. Mustached Demon posted:You should learn more about the scale of numbers. Like how much bigger 100m is than 10m. Or even 10m compared to 1m. Does cookie clicker still exist? That game was good at that. Not sure what you're even trying to say here. Obviously the hyperwealthy are even more of a problem, but that doesn't mean you shouldn't also distribute from other people with way more wealth (specifically much more than they would have under any remotely equitable society) to those with less. Actual equality is the ideal end goal, even if it might not be practically possible. Grouchio posted:Since when did we get so many rabid trots in here? I used to feel this way, but at some point (assuming one continues to actually think about it) you inevitably end up realizing that ownership of property (in the sense of things that can generate revenue) ends up inevitably leading to those with more property/wealth leveraging that into political power (plus the fact that it's just obviously unethical for someone to passively gain wealth just because they own stuff).
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# ? Jul 22, 2019 17:42 |
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Yikes! https://twitter.com/TheRickWilson/status/1153398036866961408
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# ? Jul 23, 2019 01:33 |
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Don't stir up a nuclear rivalry you know nothing about please https://twitter.com/dcpoll/status/1153409309822324736
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# ? Jul 23, 2019 01:51 |
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Ytlaya posted:Not sure what you're even trying to say here. Obviously the hyperwealthy are even more of a problem, but that doesn't mean you shouldn't also distribute from other people with way more wealth (specifically much more than they would have under any remotely equitable society) to those with less. Actual equality is the ideal end goal, even if it might not be practically possible. But $1M of wealth isn't excessive; it's basically the amount you need to retire with an average household income. In an equitable society everyone would retire with a mil. Incidentally I looked up the per capita net worth of the US and it's $400K.
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# ? Jul 24, 2019 22:36 |
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PerniciousKnid posted:Incidentally I looked up the per capita net worth of the US and it's $400K. What is the median, because if that's the average....
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# ? Jul 24, 2019 22:37 |
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HootTheOwl posted:What is the median, because if that's the average.... Apparently a little under $100k. (Per household, even, not per person.)
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# ? Jul 24, 2019 22:59 |
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mycomancy posted:No single person should ever have over $1m in assets. Ever. Oh sweet, you've just burned down almost every housing unit >500sqft in my entire county. (yeah yeah, bubble economy blah blah. )
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# ? Jul 24, 2019 23:28 |
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# ? May 28, 2024 01:53 |
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Blue Footed Booby posted:Have you ever actually done the math on this? People that say things like that never have, but that doesnt stop them from yelling a lot and driving people away from leftist thought.
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# ? Jul 25, 2019 00:22 |