It’s no less compatible with capitalism than any other economic system. The idea that humans are no longer needed to do any kind of work is an issue the world has never faced before.
I prioritize ethics over optics even if it means facing criticism.
Sharing my honest beliefs, welcoming constructive debates, and embracing the potential for evolving viewpoints. Independent thinker navigating through conversations without allegiance to any particular side.
It’s no less compatible with capitalism than any other economic system. The idea that humans are no longer needed to do any kind of work is an issue the world has never faced before.
No… First of all: electricity is never free to produce. Running a powerplant costs the same no matter what price the electricity is at. The price goes to zero when supply greatly overceeds demand. That means I’m not paying to the electric company for the electricity but I’m still paying for the company that maintains the grid to deliver that electricity to me. It doesn’t just magically hop from the powerplant to my house.
No, the prices are decided about 24 hours in advance and they don’t change after that.
I check sahko.tk in the evenings to see if it’s going to be particularly expensive the next day. This is mostly in the winter time, at summer I hardly pay any attention to it. They usually warn people in the news too for the handful of really expensive days in a year. Depending how high it gets I might turn off the heating for the peak hours but generally not because it doesn’t really make that of a big difference as the prices average out over a long period of time. Some people have automatic thermostats that turn off the heating after the electricity price passes a certain limit. My water heater for example is set to go on during the night when electricity is at its cheapest.
According to ChatGPT:
15% on the first $49,275 of taxable income.
20% on the next $49,275 of taxable income (over $49,275 up to $98,550).
24% on the next $19,170 of taxable income (over $98,550 up to $117,720).
25.75% on the taxable income over $117,720.
What’s so neat about it?
I live in Finland and me like a large number of other Finns have a plan in which the price changes every hour according to the market price. Typical price for electricity is around 4c/kWh in the summer and around 15c/kWh in the winter. However it’s not uncommon at all for the price to spike into 30c/kWh or even 70c/kWh. Last winter there was a day that it spiked to 200c/kWh.
How do we deal with it? By turning down/off the heating if possible and burning wood instead. If not then you just deal with it and have to pay significantly more for a few months. Then again if your plan has a fixed price to like 10c/kWh then that also mean you’re paying that even when the price drops to zero which also is not uncommon at all. Often happens several times a week during the summer time. Sometimes it even goes into negative. It’s still not literally free though since the transfer cost is around 6c/kWh plus energy fee and taxes.
Most layoffs are an effort to boost stock prices because some executives made a dumb fucking decision.
…what? You want to elaborate on that a bit?
Anti-rich/billionaire/capitalism agenda is quite widely subscribed to by a large amount of Lemmings
What are you talking about? Who has he kicked out for that?
Ironically that’s not too different from the content we’re seeing on Lemmy as well. I never fully figured out why that is but it seems like we’re somehow addicted to outrage and when there’s no algorithm to serve us that we do it ourselves.
I only use twitter for porn and I almost never get anything else on my feed but when I do it’s usually either cat videos or political content, generally right-wing, but not even once have I seen anything racist there.
The line between anti-zioninist and anti-semitist has definitely been blurred to the point that assuming jew hatred is going to be the safest bet even if not correct in literally every case.
I think that as long as the bathroom is half-decent I can tolerate the rest. Then again if it’s a nice and renovated place with old and mouldy bathroom it’s an absolute no-no even if the price is good.
He’s not a passive investor then. Passive investing doesn’t require any managing. What he’s doing is not the recommended style for normal people because it’s effectively gambling.
My investing requires zero managing. I set it up once and haven’t touched it since. It automatically buys more shares each month and never sells anything. If the market crashes tomorrow, I’m not doing anything differently. It’s like automatically moving money to a savings account each month, but instead of putting it in a bank, I’m buying index funds.
Keeping large amounts of money in the bank not only isn’t making you any money, but you’re losing money you’ve spent your valuable time working for. It’s like giving back around 5% of your salary each time you get it.
Yeah I’ve listened to him, Dave Ramsey and others as well. It’s what originally got me into investing around 6 years ago. I should’ve started way sooner…
I guess this is essentially a philosophical question. Kind of like “would you defend your country?”
You can say you would but how could you ever really know unless the situation actually arises? Perhaps it’s just my ego trying to convince I’m notably different from others.
Keeping large amounts of cash in the bank is not a very smart financial move. Due to inflation, you’re effectively losing money. You should have enough cash to get you through a crisis without needing to touch your investments, but the rest should be put into low-cost index funds, for example. I “earn” more from interest each year than the vast majority of people can save from their wages. In my opinion, working-class people can’t afford to miss out on the phenomenon of compounding interest. That should be taught in schools. Other than owning a house, it’s basically the only other way to generate any significant amount of wealth for average person.
The way I think about it is that being “rich” means having a lot of money in the bank, whereas being “wealthy” means having enough investments to live off passive income indefinitely. Rich people can still live effectively from paycheck to paycheck, while a wealthy person’s wealth is tied up in assets. This means they can’t necessarily splurge a ton of cash on a yacht or similar luxuries, but they can live comfortably off the interest without having to work. Billionaires, on the other hand, are a whole different animal because they can afford to do both and much more.
Well that’s not true at all. The vast majority of investors are in it for the long run.