Monetary theory is complex, and lots of stupid people want it to be simple.
“<Complex subject> is complex, and lots of stupid people want it to be simple” applies to far too many subjects, and politicians tend to use that to manipulate voters when those subjects are societal.
To add to this. In a lot of the developed world, you want to build a big resort, you make a business plan, you get investors, you secure a loan, and you build a big resort. In Mexico, it’s hard to secure those investors and cash flow, due in part to the uncertainty of the economy. So they build part of that big resort, say the first 10 floors of a 25 storey building. Then, as they get more money, they finish the building, then add more parts to the building. This is a limited example of what liquidity in the economy can mean - the ability to big things now rather than smaller steps over time.
That’s what I figure.
You’re right! They can’t just walk into a bank and withdraw 10 million!
Instead, they take out a loan for 10 million against a collateral of 20 million in stocks, expense the interest, claim 0 income and therefore no income tax, and have that transferred to their bank account. Then they withdraw 10 million, while their stocks continue to gain (or lose) value, and at some point they have to take some portion of their dividends as income rather than rolling them into more stocks or, God forbid, sell some of those stocks to pay back the loan.
In a technical sense, no, that money isn’t just sitting in a bank account, but there’s a weird effect. If you only have a small amount of stocks, say a few million worth, you can sell them off in a relatively short period without harming the stock because it’s just a blip at most in normal volatility. If you have a lot, say billions, you can sell enough to do whatever the average person would ever want to do with only slightly more volatility than is some nobody did it, and much of that is due to the visibility of a billionaire doing that. If that billionaire needs more than a few million, he can just follow the process outlined above with no impact at all to the stock market and a number of benefits to himself. So in a practical sense, if you only have a little stocks, say millions, accessing those millions may take days or weeks, but if you have billions, you can access it only slightly slower than I can withdraw $100.
This money is still in the economy and helping to economy to function overall, but the majority of that benefit is only experienced by one person, the billionaire. This is effectively them hoarding those billions, not because they’re sitting in an account but because a single person is experiencing the majority of that benefit while the rest is spread across thousands or perhaps millions of people.
Well, given the original comment was about how much wealth is available in the nation and yet this shitty location was still used for a school, I think it’s a good one. The point is to show the flaw in how that money is being distributed.
“Which of these two buckets has more sand?”
“Well, the first bucket is half full, but it’s all on one side. The second bucket is only a third full, but it’s level. Obviously, the second bucket is more full.”
You’re choosing to use words differently than they commonly are. Without any qualifiers, we use “wealth” to refer to financial wealth. Greece isn’t the wealthiest nation in the world, but their cultural wealth is significant. Likewise, mean wealth is useful for knowing how much…wealth a nation has. When compared to quality of life or median wealth, you can use it to identify issues the country needs to deal with. You just have to remember that just like wealth doesn’t mean “distribution of wealth”, it also doesn’t mean “good”.
Why can’t that be your “I’ll wear what I want, fuck you very much” outfit?
Manual is a chore, barely saves fuel these days, and requires you to use both hands, leaving you unable to solo drive and shoot in the impending apocalypse. And who has the time to make friends these days?
/s I think
Alright, that’s fair. I don’t think your earlier post really conveyed that. I appreciate the clarification.
Well, you can reduce maintenance issues with the cooling system by using radiators and minimizing the amount of parts and eliminating the amount of moving parts altogether that have to be in direct contact with seawater. As I said above, I think the only benefit doing this has over the many others ways we can design data centers is data sovereignty, which isn’t a good reason imo. My whole point in this thread was that there was no new technology or major development to make this happen.
Then what exactly is the point of your post? The only things you mention are wrestling, size and muscle difference between boys (and therefore transitioning girls who aren’t taking hormones) and girls, wrestling, and weight classes (which are typically used in contact sports). Only one of those has factors that aren’t solely issues with contact sports, but the tone of your post implies physical risk, and size/weight would only matter in that context in contact sports, too.
This would hold some validity in contact sports, much less so in all the other sports. I wouldn’t be concerned about my kid’s welfare in a swimming competition, for instance.
But that requires nuance.
Pretty much the stance I had with an ex-girlfriend who was bi. I didn’t care who she slept with before me or who she slept with after me, so long as she wasn’t sleeping with someone else while we were together.
Here she has a proper dress while he’s wearing a couple blankets held on with a scarf. At least he has confidence.
Hell, my country has two different number notations.
Honest to god, when I first heard the term Trump Derangement Syndrome, I thought it was referring to the state of mind that would allow you to hear and see the things Trump said and did and think it’s normal.
Well, just remind them that the difference between a billion and a million is about a billion. Or ask them if they’d mind giving you a buck (a friend would probably say yes), then ask how about a thousand bucks. That’s a difference the average person would grasp.
Your sentiments are fine, your grasp of how politics affects our daily lives, and comprehension of what people are saying about Mackelmore in this post, are sadly lacking. I can say nations are bullshit til im blue in the face, but we still have massive tariffs with our largest trading partner right now, which impacts the daily lives of nearly everyone in my country, and I care about their well-being. Giving more money than necessary to the people who could put a stop to this is the act of fools. I don’t understand how I can keep talking about building stronger ties with other allies and you hear nationalistic flag-waving. If you had any understanding about Canadian history, you’d know that we’re usually about 10 years behind America, which means we tend to avoid the really big fuckups. But don’t worry, I am familiar with Canadian history. I know we sent Jews back to Germany before the internment camps and the holocaust. I know we had camps for Germans and Japanese in WWII, and that my first-generation Canadian grandfather likely wasn’t one of them because he wasn’t considered a significant enough threat and running his farm supported the war effort. But we avoided the bank collapse of 2008, and I think we will also avoid the jackbooted thugs in our streets and locking up people primarily due to their skin color for the same reason. Because, as I said before, we do watch what happens in America and often learn from your mistakes.
Now, I’m not saying you shouldn’t share your opinions, but you will have to think about them a bit more before I will give them any weight. There’s a lot more history and politics than what happened in less than half of North America in 600 years, and we as Canadians don’t need advice from a member of a country that has people around the world, including their own country, half jokingly saying that wars are how they learn where other countries are on the map.
Yes. Are you suggesting we just hold hands with America while they try to ruin our economy for the sake of fundamentalists, oil execs, and war profiteers? No one in this thread has suggested any recriminations towards Mackelmore, only not funding and supporting the nation that is threatening us.
So clearly you and I aren’t seeing the same thing, so spell out your stance as clearly and as simply as I did mine, and let’s see which makes more sense. No metaphors, no allusions to past events, just what you think people here are advocating for and the probable result.
No, they are being deprived by the fact that billionaires are allowed to amass that amount of wealth without supporting society with it, i.e., taxes, labor laws that don’t allow the extraction of wealth from workers to the point that there is often an income disparity if 100000%, and comsumer laws that don’t allow vendors to charge exorbitant rates for basic necessities like food and housing and medicine. So someone can take trips to space and someone else can’t have food, in the more extreme examples.
You keep conflating artificial and unrealized value. Stocks have value, just like the cash in your wallet or the bits associated with your bank account. They aren’t physical things (even cash has no value based on its physical nature) but their value is real nonetheless. At least until society collapses and the only things that matter are the purely physical, anyways, at which point your cash will be just as worthless as stocks.