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Cake day: June 24th, 2023

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  • I certainly agree based on my previous statement that income is not wealth, but I was trying to make two points and mixed the messages.

    One is that amounts of money that were once considered an unbelievable amount for income or wealth - say $100k and $1m - have now been eroded by inflation to fairly modest money. In the 70s or 80s, having a million meant never working again. Earning 100k a year when a house cost $50k was huge money, and might lead to wealth quickly, if one bought several houses with it.

    Another point I’d like to sneak in is that there’s almost no modern equivalent to that kind of employed income. On paper, inflation puts it at 400k - so maybe today’s equivalent of a surgeon - but the 50k house now costs $500k-1m. Notional inflation being 4x, while the critically important things have gone up 10-20x means that something harder to quantify is broken, and upward mobility isn’t working the way we expect. The same opportunities don’t exist. We are less likely to turn income into wealth over time than at points in the past, and so the tendency of people to erroneously think high income = wealth may have a reasonable basis in history that has never been less true today.

    Edit: and it’s not just houses, it’s the stock market. The advent of the internet and e-commerce resulting in tech stock growth 1995-today is a phenomenon not likely to be replicated in any other area. We may be running out of growth to be had. The ability to get 10-20x your money over 30-40 years of investments is probably gone, and with it the prospect of comfortable retirement for even relatively high earners.


  • I’ve seen this on Reddit before: Six figures means you’re rich, because that was true in the 80s, right? Obviously people don’t have a clue that 40 years of inflation has made that middle class.

    Also: income is not wealth, and the willful lack of understanding on that point blows my mind. A person who is wealthy can live an upper middle class lifestyle or better without ever having to work again. A person who has respectable income may have minimal wealth, or even mountains of debt (student loans, mortgage, etc). A person who makes 100k could be a few months unemployment away from losing their house or lease, while a person with “wealth” may not have to work at all.

    People don’t become filthy rich working full time for six figures. The wealthy (~$20-50m net worth and up IMO) are people who made their money with something other than labor - through investments and things that the government doesn’t really classify as normal income.

    Edit: It’s like the saying goes: nobody makes a billion dollars. They take a billion dollars. If you tax the wealthy on income, you collect very little tax, because it’s not classified as income. Meanwhile you’re going to tax an engineer or physician who probably have hefty student loans and work their asses off full time, at the highest marginal rates because we don’t or can’t tax wealth.

    Edit2: we’ve got minimum wage internet trolls who think an employee software engineer is basically a cigar chomping capitalist because they make over the median wage. The middle class has shrunk and maybe you’re not in it. Get a clue, dumbasses.





  • It’s hard to tell the intent of any poster, and there is a vehement anti-car movement here (and on Reddit) that allows for no exceptions to the idea that living should be done at high density, and without personal vehicles. It’s hard to read your intent and beliefs because the things you said before are very similar to what I’ve heard from the zealots.

    I’m trying to make the point that public transit easily misses on serving every origin, destination, and timing efficiently. Usually it misses badly, and my average experience with specific commutes is a 3x time penalty for transit vs driving. The penalty gets worse if done at especially early or late hours. Maybe this is exacerbated by car infrastructure and lower density, but the anti car crowd would have you believe it’s intrinsic and not a function of history and preference. At any rate I usually disagree with them on almost every premise.


  • You’re off by a factor of 4 on the grocery distance for the last 3 places I’ve lived, and those stores were CLOSE. It’s like 100cc of petrol to go that far, 200cc round trip, in lieu of 40+ minutes of fast walking (in which you can only carry limited groceries). I know all about it because I’ve done the walk many times when I didn’t have a car, and it fucking sucks.

    I’d say freaking out about 200ccs of petrol to get groceries is an insane degree of austerity, and the fact that people like you are proposing that is evidence of either an irrational need to control impact, or (if justified) evidence that the world is grotesquely overpopulated.

    Nobody owns 3 ton cars around here. Mine isn’t even 2 tons. In fact it’s pretty close in weight to a Fiat 500, while being generally more useful in every way. Everything you’re presenting is a strawman/caricature of what you imagine typical suburban car owners to live like. And yes, we should all be driving electric cars, but it’s not going to happen overnight.

    Edit: damn near nobody on earth would drive to get groceries if the store was 300m/1000ft away. Most people will never be able to live that close to the grocery store, work, or any other place that they routinely need to visit. That’s why your example is insane.



  • We’re very quickly moving to a place where the QUANTITY of people is so high, the QUALITY of their lifestyles have to be sacrificed to cut down on human impact. The impoverished/developing world has very low impact, at huge cost to their quality of life. Who wants to volunteer to live like sub-saharan Africans, or Indians in abject poverty to cut down on human impact? I’m certain they don’t want that life - and why should they? I’m sure they would like to travel on a jet to a beach vacation like those in more affluent countries do.

    I’m calling this eco-austerity. Instead of publicizing overpopulation and promoting low birth rates, we’re expected to belt tighten and give up on quality of life. It’s bullshit. We should have <1B people living like kings, not 10B people living like peasants.


  • This is exactly the point I’ve been making to them. I think it’s a bunch of people who have never lived outside of a major city, or grew up in new-construction actual suburban hell like Phoenix, DFW, Vegas, most of FL etc. Try old Midwest small city suburbs by comparison. Maybe parts of the northeast.

    They probably couldn’t afford a car after used car prices spiked sometime between 2000-2010, and never experienced the freedom and autonomy. They can’t imagine not being into a downtown club scene - it hasn’t dawned on them that they will probably grow up and hate living in a congested apartment world and might want to stretch out in a bigger house in a quiet neighborhood. It’s never occurred to them that not everyone works from home and their spouse may need to take a job 20 miles in the opposite direction.

    Do you sell your house because your job changed? Get divorced because your partner’s job changed? You can’t have ALL of the employment in easy reach by public transit from your home. This ideal-city with perfect transit and no commute is a handwave. UNLESS you live in a sufficiently small town that has everything but hasn’t blown up yet - and those aren’t dense enough for transit, and require personal vehicles.

    Public transit is also more inconvenient than convenient even if you give it a maximum advantage in density and stipulate that the trains will run 24/7 and frequently (NYC).

    It’s just inexperience with life or being an urban loving weirdo who can’t imagine that other perspectives exist. I want to spend all of my free time in places you couldn’t service with transit. They can’t even imagine it.







  • Get in, make as much as possible (with little to no regard for others), get out, retire early.

    Arguably, this is what the American dream has become. It used to be we wanted middle class wealth, 2.1 kids, and a nice suburban house. But now all we want to do is sell out, retire, and never have to work again. I can relate, even if I lack the skills to play the game.

    That’s where we got antiwork, FIRE, etc. It’s true: nobody wants to work anymore. I sure don’t. Maybe we never did.