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Joined 2 years ago
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Cake day: January 22nd, 2024

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  • Truth of the matter is that predicting and determining when the stock market crashes or if a recession already happened is hard. Saying definitively “there were warning signs and I should have sold my shares” is hindsight bias. When COVID happened, everyone thought that a recession will occur and pulled out their investments. The COVID-induced recession didn’t happen and we have come with a better economy than before thanks to good handling of the economy by governments across the world. Those who sold their investments have to re-buy their shares but it is now at higher price than when they previously bought, and they missed out on potential higher profit had they stayed.

    Of course, the world is not black and white and not all circumstances are the same. It is always a case by case basis and there are variables always at play. We came out well after COVID because we know that we definitely had a good leadership back then. But with economy under Trump, there is a higher chance of recession happening for obvious reasons, not just with AI bubble burst. In that case, it is still bad idea to sell all your shares because you would have to re-buy them at now premium price, but you could diversify your investments to safer countries or sectors in preparation for the high likelihood of a market crash. I have divested from US stocks and bought more European and Japanese ones, and invested in energy sector because it is more resilient even during economic troubles. I might have to rethink about my US healthcare stocks, however.


  • “Our hands are tied! There is only so much we could do without having a majority in both of the houses and the executive. We have to reach across the aisle to make a compromise so that we move forward and make sure that some of our policies will get through. We may not be able to pass everything we want, but it is better than nothing. Perfect is the enemy of good. Fuck you ordinary Americans! We don’t care about you at all! You are not paying us enough, unlike the rich oligarchs who fund our campaign and lifestyle! We prefer to rub shoulders with our fellow rich politicians and donors from across the aisle. Oh stop whining, we’re only going to give breadcrumbs so you stop crying, is that okay?




  • How old are your parents? If they are retired, that might explain a lot. People say you become broad minded, wise and knowledgeable if you have ample time to read and educate yourself, instead of working more (that’s why many people say society’s obsession with work is a distraction tool to prevent people thinking that the system is rigged). However, it also goes the inverse towards extreme radicalisation.

    I don’t have a practical advise to give to de-redicalise your parents, but typically radicalisation is not just you have too much time to consume so many contents, but also loneliness is a factor which most people overlook. Hannah Arendt made a conclusion in her book, Origins of Totalitarianism, that loneliness is a precursor to totalitarianism. The far right (and far left as well) sell the snake oil that only they can bring people together again.

    A lot of old people who are lonely are vulnerable to extremist propaganda because their minds are not in the right place. This is something to consider imo when you have to interact with your parents. Genuine human connection is the missing ingredient. A friend of mine has also become far right. He moved to London many years ago, and my guess is that because big cities tend to be individualistic, this made him lonely. The far right rabbithole created a sense of togetherness and purpose for listless individuals.

    Edit: wording





  • After the rate hikes in 2022, capital flight exceeded the additional revenue raised by the higher rates.

    The wealthy fled before the tax on capital flight was implemented.

    And Norway had incentivised local governments to have a stake in the wealth tax which aided in the responsibility of the tax, something I haven’t read France propose.

    Because France is run by politicians who pretend that there is no solution to combat the threat of capital flight, because they are in rich people’s pockets.

    Even Warren Buffet advocate increasing tax on the wealthy. He stated that higher taxes did not actually stop them from investing or leaving the country with their wealth, when the US used to tax higher rate on the higher marginal wealth bracket. Only relatively few wealthy people do leave the country.