• 2 Posts
  • 419 Comments
Joined 1 year ago
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Cake day: July 4th, 2023

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  • I think in one sense it can be good. Sometimes it is counterproductive to downvote someone from 1 to 0. I think this would prevent that, as the first downvote is probably the most important one.

    But I agree that making any data public will allow everyone to be categorized easily. “This person dislikes this content and likes other content.”

    Remember, you are giving this info to everyone. Mark Zuckerberg will be able to see what you like and dislike in all public votes.





  • No, I think you are confusing the two kinds of trusts: a revocable trust means you still own the money or property, an irrevocable trust means you don’t own it anymore. Either you “give it away” in an irrevocable trust (which can’t be “dissolved”), or you don’t give it away (in a revocable trust).

    You are describing putting something in a revocable trust, which is not spending it or giving it away. It’s closer to just putting a label on it: “this money is for charity”. You don’t get a tax deduction unless you put the money in a irrevocable charitable trust or the charity actually receives the money (from any source, trust, whatever).













  • generative AI makes it very easy for anyone to flood the internet with generated text, audio, images, and videos.

    And? There’s already way too much data online to read or watch all of it. We could just move to a “watermark” system where everyone takes credit for their contributions. Things without watermarks could just be dismissed, since they have as much authority as an anonymous comment.


  • You think that high interest rates keep real estate prices high? That’s the opposite of what happens with high interest rates. People can’t afford to pay as much when interest rates are high (like they are now).

    I’m judging solely based on your comments. You are using big words incorrectly. You clearly don’t understand what you’re talking about if you think high interest rates keep real estate prices high. Also, your description of Japan’s economic problems are disjointed and confused, not correct.


  • It’s not a “failed model”. Japan has issues because banks committed fraud and disguised non-performing loans. There are strict rules in the US about when assets must be “marked to market”. Plus the US has a growing population because we let in immigrants, which supports a growing economy. We are not close to having problems like Japan.

    There are also many levers the Federal Reserve can pull to keep banks in check. As I said, they can raise and lower the reserve requirement and raise and lower the overnight lending rate. This can prevent banks from going nuts with lending, but obviously can’t prevent all asset bubbles. Sometimes people are just irrational.

    Frankly you seem to be using a bunch of big words and implying that they make a point. Using “ex nihilo” instead of “from nowhere” clinched it for me. Also, you spelled “keiretsu” wrong.