@uubzu You are certainly better positioned to use these tools than a lay person because of all the training
I actually think that our generation got extremely lucky to be able to develop our ability to think in the before times
To push back a bit: not every person can be a business owner. Not everyone has the constitution or desire for it, and it would over saturate every single industry. Besides, who would work for companies if everyone owns their own? Second point that reindustrialization is a reasonable strategy for particular sectors (semiconductors, specific pharma inputs, etc) but the way it’s being rolled out in the US broadly via tariffs and with no consideration for comparative advantage means that we’ll see the same benefits as we did with DOGE.. none.
Socialism isn’t a four letter word. Governmental regulation is a powerful and potentially positive lever, it’s just largely over history been manipulated incorrectly. It was that dame lack of tegulstion that led to Flint, MI, to our current crisis of microplastics, to mono/oligopolies like facebook and verizon.
Index on strong opinions, held loosely.
We debate to pressure test those opinions and expand our perspectives. the goals are to learn and/or convince, weighted by context. I generally avoid debating those who signal an inability to see other perspectives - it's banging your head against a wall. you neither learn nor convince.
signals of what I'd call "incurious conviction":
- sectarian, xenophobic, racist, or otherwise discriminatory thinking. there's no rational basis beyond "my faction is better because it is." see below - why would the fights of my ancestors become my fights without any further consideration?
- assuming you already know the other person's perspective instead of asking a single question to understand it
- selective principles; a standard invoked only when it cuts their way. swap the groups and hold everything else constant; if the outrage doesn't survive the swap, it was never about the principle (e.g., 5am noise from a mosque is unbearable, church bells get a pass)
*personally I prefer quiet in the morning, but tolerance and flexibility are also pretty worthwhile skills to develop
@mlboryczka Dude just engage with the argument. Don't dismiss it. You're Polish, a Christian nation that has defended itself against Islamic invasion several times in your history. It's okay to say that if you had to choose, you would prefer to hear church bells over Islamic calls to prayer
so your premise is that only poor people are genuine? i'll leave that as evidently absurd.
yes business class is a scam, but consider how the context: economy is pretty expensive for the extremely low quality product/service you receive, and the only viable alternative is business class (private being astronomically expensive even for wealthy people). So it's a scam that we feel better about paying for given the limited options.
and i'd push back - if you have more genuine interactions in coach, then i could reason you have more *productive interactions in business. each have "social" benefits, is one better than the other?
point is - be curious, not judgemental;)
Problems with the argument:
- Numbers here don't account for inflation, making them look more compelling (more value) than in reality
- Doesn't help boomers at all (and SS isn't a ponzi, it's just ineffectual)
- Families who depend on SS aren't likely allocating $5K/year (more likely $0/yr)
- Regressive, not progressive. It's not social insurance
Better alternatives:
- custodial Roth IRA: this requires child's earned income, which is obviously a challenge. But solid incentive for younger people to refocus from pure learning to also applying that proactively/professionally. Growth is tax-free, not deferred
- UTMA/UGMA custodial brokerage account: gains are taxed at long-term capital gains rates rathern tha nordinary income, and includes "kiddie tax" structure
- 529 is a great option if considering the money for education alone (but with academia being quite broken, particularly in the US, I wouldn't necessarily rec this one)
Trump account provides the free $1K seed, which is nice but not super consequential. I'd take it, and just direct my contributions to the alts
the trump accounts are not just an extremely cool 'nice to have,' but potentially the answer to the boomer's social security ponzi. I really hope democrats can abandon the TDS for however long it takes to educate their true believers about this opportunity.
In NYC this week working with executives across finance, sales, ops, and private equity on how to implement AI in their businesses.
I love meeting folks in person. If you’re a CXO in the city and want help thinking through this, reach out and I’ll make time.