How about young people starting out trying to buy their first home and build a family?
How about middle-aged people juggling taking care of their children and their aging parents at the same time?
Maybe what you are saying is that no one should pay property tax, but that argument is meaningless without an explanation of where the revenue will come from instead.
@naterez94 Terrible advice to put 90% of his net worth into a single asset.
I’ve seen people lose every single dollar they put into real estate projects, including ones that “can’t lose”
In the last 24 hours, I’ve seen Gen Z types on this website claim that:
- They should get all of their insurance premiums refunded in years where they didn’t make a claim.
- They are going to sell 100% of their index fund holdings to avoid the 0.1% exposure to SpaceX those funds will have.
- Building more houses raises prices.
Can we *please* add Econ 101 to high school curriculums?
The rules weren’t bent for one company. They are in place permanently for all companies that meet the criteria. And the rules were changed to benefit retail investors, since all kinds of market manipulation and arbitrage opportunities come into being when a company that is clearly destined to be in the index is not.
@fashiongiik@mSanterre It actually doesn’t matter. The last investors own their shares. They are worth what they are worth, regardless of when Anthropic goes public.
@CommonSenseGuy4@punk9059 Plenty of companies in the S&P 500 are also risky. Should we create a committee to decide which companies should be in and out? Should it be the “S&P 500 except for CEOs we don’t like”?
@KCHWaletHolster@DavidBCollum Just admit that you accidentally replied to the wrong thread or misread the original post, which was indeed a question about cooling data centers in space.
@CommonSenseGuy4@punk9059 What are you talking about? There are (doing the math….) 500 companies in the S&P, and SpaceX will be a few tenths of a percent of it
@fleetingbits Agree, sounds like a fool’s errand. They could easily spend all of the money, end up with something *worse* than the commercial models, then face enormous pressure to use it anyway and fall further and further behind competitors.