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Joined 1 year ago
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Cake day: June 14th, 2023

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  • The issue is that right now I’m willing to put in the extra effort for the return early in my career. If the government were to effectively cap income potential, some workers who would otherwise be more productive (or who perform a highly specialized service) will not bother, creating a labor shortage and increasing costs. Not a smart move if you’re a country with an inflation problem that’s been trending very close to full employment.

    It would also make occupations like medicine that have long runways to earning even less attractive.





  • Part of it is that when people say the “economy” is up, they’re usually only referring to valuations of public companies which is only part of the picture. The price-to-earnings ratio is so wack right now that many companies are trading at 18x their earnings per share, so while profits may be up, the companies are still wildly overvalued compared to their expected output.

    Real wage growth has lagged significantly compared to the historical trend. If the labor market continues to take a beating, consumer spending will tank and bring equities down with it.


  • I think you’re onto something. There was an Active Self Protection video (channel recaps real life self-defense scenarios) today of a home invasion where the attackers definitely knew the place, and there were drugs in the open.

    Edit: totally forgot the cherry on top, there was a gun lying out when they came in, and one of the intruders grabbed it immediately.

    Don’t invite untrustworthy people into your home period (this is an extension of the 5th crack commandment), lock your doors and keep your gun in a holster.