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Cake day: August 3rd, 2023

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  • A decent rental home in Texas costs about $2650 per month. A similar house costs about $460k to buy, and run about $1000/mo in taxes. So you’ll only save about $1650 per month.

    This would amount to an annual tax rate of 2.6% which is possibly some of the highest property tax rate in all of the United States. The median property taxes paid by homeowners in the US is only $2000 per year.

    Even putting that 460k into a bank account at 4.5% interest will give you $1725/mo, let alone stocks, index funds, and all the other investments you could be doing that will out-perform real estate.

    I agree that real estate as an investment is generally not the best option, but I don’t think that says anything about real estate as a wealth building tool for the middle class. If you compare renting to buying using a mortgage (the typical options) over, say, a 50 year period, buying will almost certainly come ahead in terms of wealth built.

    For a primary residence that you plan to occupy long term, i would recommend buying almost every time. If you’re looking to build more wealth after that, I think there’s usually better options than e.g. buying a second house and renting it out.


  • The planet’s gravity is not what is causing the time dilation, but rather the gravity of the supermassive black hole that it was orbiting. The black hole is somehow spinning extremely rapidly, causing frame dragging, which creates a particular stable orbit very close to the event horizon.

    Apparently the energy requirements of the orbit would preclude ever reaching the planet except by slingshot manoeuvres around intermediate size black holes or neutron stars.


  • Seems like the pirate environment is especially suited to this type of democracy. Pirate ships operate outside the protections afforded by law, so the only thing really preventing pirate captains from being ousted (or murdered) is the crew’s support.

    I guess a CEO would need to maintain shareholder support, but shareholders are generally fairly disconnected from the company’s day to day operations. Most individuals own shares through mutual funds or ETFs, which means they don’t actually have share ownership themselves and can’t vote. All you have is the fund owing you a fiduciary duty to vote in your best interests, which generally translates to whatever makes the most money. So the CEO just needs to keep a few large institutions happy, and possibly some large wealthy individual shareholders that he knows from the rotary club (where the heads of aforementioned institutions are also members)

    In other words, the way the financial system is set up systematically deprives the less wealthy from their right to have a say in the operation of the companies they nominally own a part of.




  • Yeah, “percentage points” is used to refer to a difference between two percentages.

    For example, let’s say some company previously held 25% of the market, but grew and is now holding 50% of the market. The company’s market share actually doubled in size, which we could call an increase of 100%. Or, looking at it another way, because they grew from 25% to 50%, you can call it an increase of 25 percentage points.







  • sushibowl@feddit.nltoPolitical Memes@lemmy.worldDemocrats Vote
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    3 months ago

    The thing is, I always thought that you steer politicians through your vote

    To some extent, yes. However the amount of steering you can do this way is rather limited, since a vote only indicates a preference of one candidate over the other.

    For example, if you decide to vote Republican out of protest, Democrats might conclude that you like republican policies, and to win your vote back, they need to move even further right. If you decide to stay home and not vote, you don’t really give any information to democrats what they actually need to do. They may decide that you are an unlikely voter in any case, and focus towards those folks most likely to turn out (that’s generally older white conservative folks).

    One option is to vote for some leftist third party. This sends a pretty clear message about what policies you like. The problem is that, apart from the messaging, your vote is almost certainly wasted. You are in effect helping your enemy win in the short term.

    The other option is to engage politically outside of just voting. Most people have been convinced by establishment politicians that your only influence is your vote. This is not true. Protests, activism, grassroots movements, local politics are all effective ways to steer your preferred party in your preferred direction. This does require substantially more effort.



  • Also, sour patch kids have a weird ingredient in the coating that most electrolyte stuff doesn’t have. Potassiumsomething something, irrc?

    Probably you’re referring to tartaric acid, potassium bitartrate. It’s added to candy to stabilize invert sugars, keeping them from crystallizing. You can buy it in powder form, usually called cream of tartar.

    I don’t know what it does for hydration, but I suppose it would help top up potassium levels.