Comments by "Fox" (@tomlxyz) on "How Money Works" channel.

  1. I have a feeling that such stupid subscriptions might work one day when younger generations no longer know how it used to be. Just like pay to win used to be frowned upon in gaming, its all normalized now
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  2. Never forget that almost 100 % of these successful drop outs built quite a network that helped them succeed
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  3. ​ @thepracticalblade9013  normally a functioning healthcare insurance system where everyone paid into before they got old would catch that burden. At least in my country that issue doesn't exist
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  4. The problem is that rewarding being fast creates an incentive to be as fast as possible on the measurable parts and ignore the hard to measure parts. Like maybe you're doing a lot of faster to complete work instead of making anything substantial or ignore long time effects that aren't accounted for. Plus there's things like burn outs from trying to get ever faster
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  5. Truth is that those are actually more expensive and digital screens are a saving measure. They need less hardware and can reuse software. They didn't sell it like tho, obviously
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  6. I'm wondering why I've never heard it come up in 9/11 conspiracy theories
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  7. No, with serfdom you're not allowed to leave. It is more like debt slavery where you work as much as possible to pay everything off
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  8. There's one difference: a fired CEO just goes to another company. A king getting removed from his post had a high chance of also getting his head removed. And even if not, they rarely got embraced by someone else with open arms.
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  9. Why does the one who makes the decision get better treatment than those who don't? That's why unionizing was pretty much always effective in getting better conditions because with a union you can just easily collectively stop working and put pressure on management
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  10. Werent managers introduced, to - besides other things - shield the owners from the reaction of the decision making from the employees?
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  11. ​ @plica06 not necessarily true. I have heard of multiple stories where people were saving for a down payment but then when they made it, real estate got so much more expensive that they now needed a bigger down payment
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  12. ​ @scrumtrellecent  it doesn't seem like saving for a want but rather rationalizing an extraordinary expense.
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  13. He worked in an investment firm. Definitely not just working 9-5
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  14.  @JudeMichaelPeterson  I work in a company who definitely doesn't have EO if I look at gender distribution, I've never had a problem with female managers
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  15. Ironically it actually supports the statement that he made at that point. He has no experience there and did poorly because of it
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  16. You have to make a lot of assumptions and extrapolations to come to any number, so it's far from a fact
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  17.  @clray123  ah yes, because before Covid housing was totally affordable
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  18. I've recently heard the idea that going for something scammy in hope of it paying big, like turning potentially not getting scammed being gambling
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  19. I feel like this is a general trend for anything now. Things branded luxury and being expensive but actually being cheaply made trash
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  20.  @Bonanzaking  1 penny is 1 penny. 100 pennies are a dollar. What's your statement supposed to prove
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  21.  @Annou7la  Normally the response to people constantly breaking the law wouldn't be to legalize the practise
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  22.  @piZZa4everRulz  you can't really just compare income by number. A lot of things are more affordable in Europe because it's more regulated and it's also harder to wreck your life financially if some incident happens. About unemployment: It's often vilified but in reality just trying to get everyone employed for employment sake isn't necessarily good for the economy as a whole
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  23. To alleviate this problem I'll start a consulting firm to consult companies on which consultant is the right for them. Not having any experience about it doesn't seem to be too much of a problem anyway
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  24. That's why I moved so it's only 10 minutes
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  25.  @JoseRodriguez-ey7ju  I don't think that type of wealth counts like that, it can't be liquidated
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  26.  @angelr194  Why should it be hard? Purchases of real estate has to go through official government controlled channels, asking for proof of not being a fund wouldnt be that much work
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  27. Can we really say it's gonna reduce traffic? As far as I know every time a road with regular traffic jam is expanded the load just increases again to cause traffic jams eventually
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  28. I mean feudalism often involved no money at all
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  29. ​ @ameyskulkarni also, there's no high, only chasing for one
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  30.  @TheGamerUnknown  I think not working in that industry anymore also makes it easier to criticize it
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  31. You know what's great? Flexitime. That's what I'm having. A lot of jobs don't require to come at exactly 9 and leave at exactly 5
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  32. Most actually successful people don't have time to be a guru for random strangers
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  33. ​ @MrChampionChad  Things like 401k only works if there's enough productivity. It's not really solving the problem with retirement, just shifting the responsibility
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  34. That's really not a job problem but a infrastructure/city planning problem. The way that the US and some other countries does zoning basically requires having long commutes. Meanwhile I only need 10 minutes. I dry my clothes by hanging it up, no need to iron the majority of it and it's not sweatpants
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  35. The "sophisticated" investors who caused it knew what they were doing and it was usually the gullible ones who paid the price in the end, like they just sold off the debt so they weren't affected by defaults
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  36. Are you saying there's no universal way to get rich?
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  37. I do wonder if something like that will happen in the future: Something like cyberpunk or similiar getting implemented simply to distract the people and not solve any systematic issue, pizza instead of a salary increase but on a whole society level
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  38. ​​ @codniggh1139  how did you come to the conclusion that this means politicians want to spend more money? Think tanks tend to be funded by non politicians and try to influence politicians, not the other way around
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  39. I have seen the section made for birthday parties but never knew anyone who went to McDonalds for birthday. but clearly someone here must have because they existed for quite a while
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  40. What's the implication here?
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  41. ​ @MaxFreibier  unfortunately the amount of old stuff that can last is limited
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  42. Some people who can never earn enough to not spend it all. They'd be broke immediately if they got paid all at once
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  43.  @Elo-Ken  Paying taxes reduces inflation tho.
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  44. ​ @ThunderLips730  what do you even work for when you have no time to do anything with your money? Sounds like a waste
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  45. In my opinion subscription are only valid if the provider has a regular cost in providing in whatever you get, like with streaming services. But if it's something that you just get, operate yourself and don't need any monthly service like some software, car, etc then it's just a money grab by the company
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  46. 2008 was caused by publicly traded companies
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  47. Scam thread
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  48. But he'd need to show what he'd actually own so the government can decide how the bailout should be structured. I don't think that would ever work out
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  49. It can be my enough people believing it and thus giving it better funding and success rate. Although that could also end it a lot of cash burn
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  50. To me it seems quite an US thing to expect the children to just be by themselves once they turn adult. It's particularly bizarre when the parents treat 17 year olds still like a child and then expect them to move out at 18
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