Republicans love a good scam

Next up is the dismantling of the ACA. They will roll out these amazingly cheap alternatives. Health insurance for $10 a month!

So the poor and the stupid will sign up. They’ll go to the bar and saunter up to a “libtard” and tell them that trump fixed everything.

Then when they get sick and try to use MAGA super plan plus premium they won’t be able to find a doctor. The $10/month plan only covers an annual trip to a CVS minute clinic. They’ll go on Facebook and write up how the goddamn liberals tricked him. Other faithful republicans will pray for them and tell them that it must be a glitch because trump made things better.

The con will win because it’ll only hurt those without power.

I suppose you might get to kill people but that doesn’t mean that the law is going to be ok with that. Proportionality of force is a thing. Stand your ground states are doing their best to change that, but that’s a very mixed bag.

If you shoot and kill someone for blocking your waymo and being a creep, in most places you are going to have to convince a district attorney and a jury that you were justified in ending their life. Even if you do that and escape criminal liability, you’ll then have to convince more people not to hold you liable in civil court.

Sounds pretty cool to go “I got a shooty bang bang so if I feel threatened in any way I can come out blasting.” It is true in the moment, but if you place any value on your future liberty, money, and time you might want to consider the ramifications of killing another human being.

Finally, even if society decides you shouldn’t face any criminal or civil penalty for killing someone, you will have to face yourself. Sitting behind a keyboard it sounds badass to shoot someone that’s pissing you off. In the moment you will probably feel justified. Many a young man sent to war or employed as a police officer didn’t think that taking a life would change them, only to find the reality of taking a life is not what the action movies promised. Self doubt, self loathing, ptsd, depression, these are all common reactions to reckoning with the fact that you are the cause of another persons death.

It is hard to feel like a righteous badass as you watch a grieving widow mourn someone that may have even done something stupid or wrong, knowing that their child has no father now and their wife no partner. Are these people jerks and creeps, sure, is the punishment for being a jerk or creep death, rarely. It is a heavy burden to carry to end another.

Hosting the image on discords CDN allows you not to give out your IP address to any person that comes across the link, prevents you from getting hammered with download requests if your upload becomes popular, and allows your content to be accessed when your own machine goes to sleep or has any kind of networking interruption.

Before discord people used to self host teamspeak or some other software. One of the big things you don’t have to think about is the person you just made a joke about or beat in an online game trying to DDOS your machine, because they don’t know where you are.

I think it’s a shame that when we figured out skyscrapers we didn’t start doing that with the dead. Catacombs in the sky reaching to the heavens.

I’m gonna go pay my respects to grandma she’s in the towns bonescraper. Smash cut to a giant tower made of skeletons.

Aliens come down to that kind of society, they’d want to party with us because that’s metal as fuck

Don’t worry, he seems hard at work making sure all that Tesla stock he got will also be worth less everyday.

In case you are wanting the history. IBM actually coined the term PC with their IBM Personal Computers

At the time most computing platforms were incompatible. Software written for a commodore computer wouldn’t work with an apple computer wouldn’t work with an IBM PC.

The IBM PC was popular enough though that people started building “pc compatible” machines. A very popular configuration for this was intel chips with Microsoft DOS. While these machines started out as “pc compatible” after a while the IBM PC wasn’t a big deal anymore so saying “we are compatible with a machine released in 1981” just slowly morphed into “it’s a PC” as shorthand for “intel chipset with Microsoft OS”

Now why didn’t apple get the pc moniker? At the time when the IBM PC launched apple was actively building and selling their own computers and weren’t interested in making them IBM PC clones so they never went out and marketed themselves as “pc compatible” because for the most part they were not.

Thanks for attending my Ted talk

Eventually they do need to pay back the loan, the low interest rates just make it so that they can choose to sell their stocks in the most favorable way.

This is why it makes sense for the financial institute to give out the loan in the first place.

So here’s the scenario. Let’s say you wake up tomorrow and somehow find yourself with $200M worth of stock. You are now “worth” $200M so you’d like to start living like it! You want to go buy a mansion and a nice new car and a private chef. Problem is, none of those people take stock, they all want money.

Goldman Sachs goes, “hey, I’ll loan you the money really cheap, you have to pay me back with interest, but since you have $200M in stock you can sell some of that later and pay me back”

This is great for you because you get to enjoy the mansion and new car and private chef right now. If you sold the stock right now you’d get taxed as if it were income at 38% but if you hold the stock for a few years when you sell it it will be considered capital gains and only taxed at 10% (or 15%, whichever the rate is). In addition, you don’t have to go to the stock market and sell for whatever they want right now, you can wait until the value of your stock is really high and selling is very advantageous for you.

So you do have to pay back the money, but this is still a really sweet deal because you can enjoy all the nice things right now and you get to avoid that extra ~30% you would pay in taxes if you sold it right now.

As long as the amount you saved in taxes outweighs the amount you pay in interest, this is a great deal for you. And for the financial institute it’s low risk (they extended you $10M backed by $200M in assets) and when you repay they make back enough in interest to make it worthwhile.

You get more money in your pocket, the bank gets more money in its pocket, from their point of view this was a win win. The losers are the market suffering a higher price for the stock because the supply was artificially constrained by you having access to this credit (otherwise you’d have sold shares to buy a mansion and nice car and private chef) and the taxpayer who was to shoulder a heavy tax burden because you converted your income into capital gains.

The one thing that definitely isn’t happening is Bezos or Musk or any of these other “they are only rich on paper” people clipping coupons to make ends meet. They live like rich people because the have access to plenty of money secured by their less liquid assets

For anyone that’s fallen for the “{wealthy person} doesn’t actually have ${huge number} because it’s stock” thing, here’s how it works.

1. Wealthy people with lots of stock get access to very, very cheap credit. Not credit cards like the plebs get with a 23% APR, multi million dollar lines of credit from places like Goldman Sachs with hyper low interest rates.
2. Wealthy people use that credit to live indistinguishably from a person that actually has the vast wealth that they have access to. Spez might “only” make $400k but if he has access to $50M in cheap credit it spends all the same.
3. Wealthy people enjoying their access to cheap credit which spends the same as income then get to dodge income taxes and instead use the more favorable capital gains tax rates.
4. As a fun bonus, they also get to go “you morons I don’t have $200M that’s all just on paper, I only pay myself $10 a year because I’m a man of the people. Now if you’ll excuse me I have to get on this private jet”

You might be wondering, why do they get this cheap credit? Because it’s a very safe bet for the financial institute, they are acting as a sort of time arbitrage mechanism for the person they are extending credit to. Since they perform this function they can be relatively assured that this will allow their client to sell their stocks, not because they have to cover expenses, but because capital gains protections and the market is favorable. It also aids in fostering a positive relationship with someone with a lot of wealth which is something financial institutes have an interest in doing.

All the actors are doing what’s in their rational self-interest. The end result is that Spez can access a large part of that $200M as liquid cash right now through credit with one hand and with the other wave you off and say “those are stocks I actually only got paid $400k”