A fool and his not-really-money are soon parted
-
@masonwheeler
At the jobs I’ve worked at, if you get less than a 2% annual raise, you’re almost certainly on a PIP or about to be put on one (or just straight canned). 5%+ is very common for the best performers.
-
@izzion said in A fool and his not-really-money are soon parted:
At the jobs I’ve worked at, if you get less than a 2% annual raise, you’re almost certainly on a PIP or about to be put on one (or just straight canned).
Are you trying to get him to lawyer up?
-
@polygeekery said in A fool and his not-really-money are soon parted:
Huh? I have never heard of such a thing. Do you work for really horrible companies or are you a bad employee?
It's possible I've just had bad luck so far, but that's more or less in line with I've heard elsewhere from people talking about salaries in the computer industry. "If you want a raise, find a better job" is a common rule of thumb.
-
@masonwheeler said in A fool and his not-really-money are soon parted:
It's possible I've just had bad luck so far, but that's more or less in line with I've heard elsewhere from people talking about salaries in the computer industry. "If you want a raise, find a better job" is a common rule of thumb.
Never heard of that. I mean, sure, if you want a significant increase in salary you usually have to change jobs or change job titles. Or, if they want to retain you, you could bring them another offer and ask them to match it. But most places give out a 2-3% COL raise each year. Without that it is functionally the same as having your salary cut by that amount.
-
If you want to feel better about crypto currencies, here you go:
Venezuela's actual state currency is incredibly awful, and they still after 5 years haven't been able to nail it down.
-
@blakeyrat said in A fool and his not-really-money are soon parted:
Venezuela's actual state currency is incredibly awful, and they still after 5 years haven't been able to nail it down.
Venezuela is awful. They are a case study in how to not run a country and how to not manage an economy. They squandered every advantage that they have, which are significant.
-
@polygeekery said in A fool and his not-really-money are soon parted:
@pleegwat said in A fool and his not-really-money are soon parted:
@boomzilla Certain things are exempt, including your first house, cash and stock holdings up to 30k (corrected for inflation every year), and probably other stuff I'm forgetting.
That's just...wrong. We get taxed when it actually becomes income. Why do they tax you for investing? You would think they would want to encourage such behavior.
Well... it sounds like they're taxing people based on a 4% increase on their assets, regardless of any actual amount of increase. If you get taxed on 4% either way, I guess you'd better invest -- and hope that your investments do better than 4%. Because otherwise, you're being taxed on a profit that you didn't actually make.
-
@blakeyrat said in A fool and his not-really-money are soon parted:
@dcoder How come so many people who post screenshots of their phones as memes have super-low battery life? 3%? Jesus, man, plug in!
Just a trend I've noticed.
They do it explicitly to piss off people who get annoyed at seeing low battery warnings.
Same reason I include the cursor in all my screenshots.
There's probably even an Android app that, OnBeforeScreenshot, fakes a low battery.
-
@lorne-kates Hmm...
Fake Low Battery is a small app that is trick to convince your kids that your phone has a low battery state
Close enough.
-
@anotherusername said in A fool and his not-really-money are soon parted:
In the US you're not taxed on unrealized gains, i.e. gain in value of an asset that you're holding. You're only taxed on realized gains; cash dividends would be taxable income, as would the profit from sale of an asset (sale price, minus the cost basis, which is whatever you originally invested to purchase the asset).
-
@greybeard I guess I should clarify that you aren't taxed an income tax for gain of assets that you hold, until you sell them and the gain is realized.
-
@anotherusername said in A fool and his not-really-money are soon parted:
@greybeard I guess I should clarify that you aren't taxed an income tax for gain of assets that you hold, until you sell them and the gain is realized.
Well, duh. If you're taxed on the value of the asset instead of its income, then the tax is not called an income tax. @PleegWat never called the tax that applied to bitcoins an income tax.
-
@greybeard To be more specific, there's no federal tax on property. States and more local jurisdictions are able to impose such a tax if they want to - though that sounds to me like a really good reason to live somewhere other than Allegheny County (much like I refuse to live or work in one of the cities in my state that impose their own additional income tax above & beyond the federal and state ones).
-
@unperverted-vixen said in A fool and his not-really-money are soon parted:
@greybeard To be more specific, there's no federal tax on property.
@boomzilla, you shouldn't use an alt to clarify a post made under your primary account.
You said:
Yeah, we get taxed on capital gains and other income (interest, dividends, etc). At state (and lower) levels we pay property taxes on real estate and sometimes vehicles. But I've never heard of a tax on financial sorts of assets that are just being held. That's...kind of scary, actually.
which explicitly takes taxes at state and lower levels in scope. So attempting to limit to the federal level is not a clarification.
And, really, who cares at what level of government the tax is levied? It still has to be paid.
States and more local jurisdictions are able to impose such a tax if they want to - though that sounds to me like a really good reason to live somewhere other than Allegheny County (much like I refuse to live or work in one of the cities in my state that impose their own additional income tax above & beyond the federal and state ones).
Well, the joke was on them. As I mentioned earlier, the outcry was so great the tax was repealed. There is no longer a Personal Property Tax Department in the County of Allegheny.
-
@tsaukpaetra said in A fool and his not-really-money are soon parted:
@sloosecannon said in A fool and his not-really-money are soon parted:
Uh... The phone number on the top of that page changes on load...
I thought I was just seeing things!
I got 866 873 1445 before it changes.
"Hey Jimmy, do you know how to set up a queue on our phone system?"
"No idea"
"Hey, how about we make the number change every time someone loads the page, that way we can reduce the number of times people get the busy signal!"
"BRILLANT!"
Filed under: I know @TwelveBaud posted a more reasonable explanation. Shut up and let me have my fun.
-
@greybeard said in A fool and his not-really-money are soon parted:
@boomzilla, you shouldn't use an alt to clarify a post made under your primary account.
Should I use an an alt to tell another alt what to do? Asking for an alt.
-
@izzion said in A fool and his not-really-money are soon parted:
I read it as if you're living somewhere else but a citizen of dkfland, then dkfland gets a cut of your pension funds too.
Important qualification: that's only for pension funds based here. Foreign investments are not taxed at all except when you repatriate the money (but might be taxed by other countries), and local pension funds have major tax advantages over most other methods of saving and investing (to encourage people to save for their retirement, of course).
The whole area is based labelled with “see an expert if you think you might care”.
And my point was more about how easy it is to accumulate $500k worth of assets
Rather difficult for a lot of people to do so once you note that neither your primary residence nor your pension count towards that. OTOH, the higher degree of socialised medicine and elderly care means that it isn't as critical for people to hold large investments.
@blakeyrat said in A fool and his not-really-money are soon parted:
You get taxed on holdings? How the hell does the UK have so much passed-down generational wealth then?
Because UK and NL tax law is different? Like duh. I might as well ask how come you manage to survive those punitive Californian taxes… Oh, by not being in the state of California. Easy!
-
@greybeard plenty of locales have personal property taxes. Taxing non-physical, financial assets (i.e. money sitting in an account) is what's unusual. In most places, that money isn't a taxable form of personal property.
-
@anotherusername I suggest you read the letter I posted. It defines what type of assets are taxable under that personal property tax.
-
@greybeard I suggest you read the post I posted. It said it's unusual to tax particular types of assets that were taxed under that personal property tax (which yes, I did read), and in most places they're not taxed.
-
@izzion said in A fool and his not-really-money are soon parted:
And my point was more about how easy it is to accumulate $500k worth of assets
https://www.youtube.com/watch?v=PgDsyj5eLmo&feature=youtu.be
-
-
@anotherusername Your claim was:
In the US you're not taxed on unrealized gains, i.e. gain in value of an asset that you're holding.
There was no part of "unusual" in there. Now you could about value vs. unrealized gain or current law versus last century, but such things are not unheard of in the US.
The thing is, taxing the value of an illiquid asset is problematic. Allegheny's taxation of judgements struck me as being particularly heinous. For real estate we sometimes work around the problems by limiting the rate of increase in assessment and sometimes just suffer the problems.
Also, AMT on exercise/vesting of ISOs is another counterexample to your claim of no US tax on unrealized gains. After the tech bubble popped some people went bankrupt due to tax liability that vastly exceeded the value of the (unsold) assets being taxed.
-
@greybeard Shut up about the taxation bullshit. If you're not interested in cryptocurrencies, post in a different thread.
-
@blakeyrat said in A fool and his not-really-money are soon parted:
@greybeard Shut up about the taxation bullshit. If you're not interested in cryptocurrencies, post in a different thread.
Is it, ahem, taxing on your patience?
-
Status: Uh oh...
-
@dcoder said in A fool and his not-really-money are soon parted:
On a normal day, "Bitcoin dropped below $10k" would be the worst news of the day… but not today.
https://www.coindesk.com/bitconnect-investors-left-lurch-tokens-price-drops-90/
There is apparently no red flag obvious enough to stop some people?
-
I've been looking on freelancing sites recently, and was struck by the adage that the way to make money from a gold rush is to sell pickaxes. There are loads of people willing to pay people to write contracts, develop new cryptocurrencies, develop arbitrage bots etc. Far more reliable source of income than investing in the currencies, if only I had the drive to look into how the currencies work and what it would take to do these jobs
-
@jaloopa said in A fool and his not-really-money are soon parted:
Far more reliable source of income than investing in the currencies, if only I had the drive to look into how the currencies work and what it would take to do these jobs and lacked ethics
-
@boomzilla I don't see an arbitrage bot as anything inherently unethical. Also not practical in a system where a transaction takes hours to verify, but that's a whole other issue
-
@jaloopa said in A fool and his not-really-money are soon parted:
I don't see an arbitrage bot as anything inherently unethical.
I don't either. It's the object of the arbitrage that's the problem in this case.
-
-
@jaloopa said in A fool and his not-really-money are soon parted:
I don't see an arbitrage bot as anything inherently unethical.
And neither is an inertial guidance system, but suppose you worked for an Israeli defense contractor...
-
@bb36e said in A fool and his not-really-money are soon parted:
@jaloopa said in A fool and his not-really-money are soon parted:
I don't see an arbitrage bot as anything inherently unethical.
And neither is an inertial guidance system, but suppose you worked for an Israeli defense contractor...
That would be awesome.
-
@bb36e said in A fool and his not-really-money are soon parted:
@dcon said in A fool and his not-really-money are soon parted:
but why the hell would I want 2?
Thankfully, we don't have that. The only apps that are required are Google Authenticator and Duo for 2FA. And Slack, but not required, just highly recommended (I didn't put that on the phone until I went to a conference and that was how we all coordinated our schedules there).
-
Bitcoin down another 20% today. Hm.
-
@blakeyrat said in A fool and his not-really-money are soon parted:
Bitcoin down another 20% today. Hm.
As long as it's always by a percentage it can never be zero, right? 😉
-
@tsaukpaetra
Technically, 100% is a percentage. Which would then result in a zero...
-
-
@dcoder I have a step-sister who used to do that, she was way into "couponing" which is some internet thing where people share tips on how to get the best deals using coupons.
One time through some quirk, she found that if you bought some specific product at Rite-Aid and used the right combination of coupons, you actually earned $10 from the transaction. She ran out and cleared-out every Rite-Aid within 30 miles of every one of the products.
The product? A glucose monitor for diabetics.
When she told this story to me I was livid. She was all proud of herself, and I was like, "you realize people need to buy those glucose monitors to live, right? What kind of a total asshole would buy-out a whole region of them when they don't even have anybody in their family with diabetes just to make a few bucks? It's not even greed, it's sociopathy."
She doesn't coupon anymore, but goddamned. The memory of seeing that garage stacked 20 high of glucose monitors still makes me angry as shit. Greedy fuckers.
.....
Anyway buying out a bunch of GPUs is not as bad as that, at least it's not medical equipment, but still: what the fuck, man. You couldn't have just settled with leaving ten on the shelf, you had to buy-out the entire store? Assholes.
-
@blakeyrat said in A fool and his not-really-money are soon parted:
Anyway buying out a bunch of GPUs is not as bad as that, at least it's not medical equipment, but still: what the fuck, man. You couldn't have just settled with leaving ten on the shelf, you had to buy-out the entire store? Assholes.
If they leave ten the next one won't feel guilty leaving 2. And the third won't feel guilty clearing out. And you still have nothing.
-
@pleegwat AND YET it's still a dick move.
-
@blakeyrat said in A fool and his not-really-money are soon parted:
"you realize people need to buy those glucose monitors to live, right? What kind of a total asshole would buy-out a whole region of them when they don't even have anybody in their family with diabetes just to make a few bucks? It's not even greed, it's sociopathy."
Yeah. There's a forum called RedFlagDeals. It's basically a coupon / flyer / deal sharing site + forum for Canadian deals. For the most part it's good-- collects flyers, early sales, coupon codes-- plus the forums are a good source of opinions, reviews, AMAs, and so forth.
Buuuuuut...
There's a certain type of user on the forum. They're kindly refered to as "RFDers". They're otherwise referred to as greedy, hoarding parasites. They're the greedy fuckers who buy out all of an item on sale, just to turn around and post it on buy and sell groups and ebay.
And unfortunately, the area I live in, and the-- ah-- how to put this without being racist? There's a whole class of Chinese immigrants who come over with money and an entitlement to rival any 16-year-old brat you'll see on MTV. Hashtag NotAllChinesePeople, etc. But since Markham is a majority Asian (primarily Chinese) population, the amount of "RFDers" in the area is high. Very high. To the point where I basically don't bother going out to try to buy something on sale that's "a good deal".
And by a "good deal", I mean stupid petty savings like $20 off a $200 item.
A local Costco had a sale on some fancy designer duvet. Worked out to, probably, 30% off what you'd pay in retail. There were fights. Literal shoving matches to snatch as many as possible and shove them into the cart. And lo and behold, the buy/and/sell groups were INSTANTLY flooded with "BRAND NEW NEVER USED DUVET" along with a picture of, like 20 of them. Not even being subtle.
I would not be surprised if there was a Glucose monitor situation in my area once a week.
Fucking greedy assholes.
-
@pleegwat said in A fool and his not-really-money are soon parted:
If they leave ten the next one won't feel guilty leaving 2. And the third won't feel guilty clearing out. And you still have nothing.
That person: "Other people are going to be assholes, so I might as well be one too."
All those other people: "Well, other people are going to be assholes, so I might as well be one too."
It's almost as if NOT being an asshole-- makes society better.
-
@blakeyrat what did she do with all the monitors? If she'd sold them for less than they would have gone for at the shops that at least wouldn't have been completely horrible
-
@jaloopa I wager they're still in her garage.
-
@blakeyrat said in A fool and his not-really-money are soon parted:
@jaloopa I wager they're still in her garage.
=(
FFS, if she got them for $-10, she could give them away for free to anyone who wanted/needed one, and come out on top.
-
@lorne-kates said in A fool and his not-really-money are soon parted:
That person: "Other people are going to be assholes, so I might as well be one too."
All those other people: "Well, other people are going to be assholes, so I might as well be one too."
It's almost as if NOT being an asshole-- makes society better.Prisoner'sAsshole's dilemma.
-
@lorne-kates said in A fool and his not-really-money are soon parted:
@blakeyrat said in A fool and his not-really-money are soon parted:
@jaloopa I wager they're still in her garage.
=(
FFS, if she got them for $-10, she could give them away for free to anyone who wanted/needed one, and come out on top.
Sure, but how do you advertise that you have a ton of free glucose monitors to give out for free? I'm not even talking about the part of not looking like an asshole, just the logistics of it are difficult. The people that regularly buy the monitors won't know to look into whatever platform she would use to advertise it either.
-
@topspin said in A fool and his not-really-money are soon parted:
@lorne-kates said in A fool and his not-really-money are soon parted:
That person: "Other people are going to be assholes, so I might as well be one too."
All those other people: "Well, other people are going to be assholes, so I might as well be one too."
It's almost as if NOT being an asshole-- makes society better.Prisoner'sAsshole's dilemma.Fucking nash equilibrium, how does it work?