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Joined 2 years ago
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Cake day: June 28th, 2023

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  • themeatbridge@lemmy.worldtomemes@lemmy.world...
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    17 days ago

    Touch screens have no business in dashboards. I don’t care how sleek it looks to replace all the physical buttons. You have to look at a touch screen to use it. That alone makes them entirely unfit for the purpose. Physical buttons that can be identified by touch and provide tactile feedback are the only interfaces that make any fucking sense at all.

    This fees like something so obvious that I cannot understand how we got here.






  • Stocks, and really anything, is worth exactly the intersection of what someone is willing to pay and what the person who has it is willing to accept. You can make valuations based on profits and growth and liabilities, but those are estimates to help professionals determine what they are willing to pay or accept. If some dolt is willing to pay more, then that’s what it is worth for that transaction.

    If the stock goes up in value, some people will sell. There’s a natural balance to the curve, as the faster a stock rises, the more people will sell and this will bring the price back to earth. This is why the diamond hands strategy of Game Stop investors was so confounding. People weren’t buying for profit, they were buying to fuck over short selling hyenas. But that’s a whole nother can of worms.

    The point is, if people believe it will go up, they will buy. More buyers means the price goes up, so that can have a compounding effect, and they feel good about their decision. When people think it’s gone high enough, they sell, which makes the price go down, and they feel good about their decision.

    The stock market is as much paychology as it is economics. Precicting what humans will do and then doing it first is the real magic of investing. And with Muskeegee Airhead, there’s no way to predict what he will do. That’s why risk averse investors are moving away.



  • Ok but it also highlights one of the sources for that preconception. A single influx of cash won’t get an unhoused person back on their feet. They can’t take $100 to the bank and get a car loan or a mortgage. They could rent a room for a day or two at most, OR they could get some drugs and/or alcohol and enjoy life for a few hours. Might even get laid, or make a friend.

    Do you expect them to maximize the value of that opportunity? To go buy some bulk rice and beans and start meal prepping, or invest in a bus pass and a collared shirt? When you’re down, a day of fun can be the memory that sustains you through some hard times. There’s logic in choosing the short-term when things are that bleak.

    The real problem is that we confuse handouts for safety nets and investments in our society. Every study on the subject of aid shows us that poor people need money. Not food stamps, not shelters, not some tightly-controlled stipend with strings and requirements and monitoring. Straight cash is the best remedy, and it’s not even close. Some people will buy drugs or alcohol or lobsters or whatever else people are afraid of.

    The lesson here is that it’s OK if a welfare recipient spends some of that money enjoying themselves. Addiction treatment should be available to all, but there isn’t a vice in the history of human civilization that has been eliminated or even reduced by making people poorer. If we had UBI, then people would have a reason to stay sober and rejoin society as a functioning adult. If we simply gave out the money we already spend fighting homelessness and addiction, it would provide more help to more people, even if some of them spiral down further.


  • themeatbridge@lemmy.worldtomemes@lemmy.worldDoing my part
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    26 days ago

    And to add another point, people en masse are followers. They vote the way they are told. At some point, progressives got the idea that it is impolite to tell people how to vote. That means the loudest voices are the most impolite. That’s a breeding ground for fascists and charletains. Speak up, challenge stupidity and lies, and make bigots feel bad again.