I’ve known a fair amount too and they always over leveraged themselves. As soon as they had enough for another down payment they would purchase another property. It could have been a different strategy or situation than the landlords you know. To the landlords I knew having aapartment vacant for two months was a serious financial issue.

Most are absolutely living month to month, not out of necessity, out of greed. Most have taken out many mortgages and are just passing the monthly rent from tenant to bank. Why pay off a property when you can just use that money as a down payment for a new property?

Now this is the kind of content generation I was hoping to find when I came to Lemmy!

I read this in Jake Peralta’s voice.

The cars done even use Tesla’s famous electric motor design (induction motors), I believe they use switched reluctance motors. Def a smart design choice, but not on brand!

Hey! Fuck you chemicalwonka! Your nuanced, slightly different opinion enrages me! We’re enemies now.

I don’t think value to society weighs into the equation, just the ratio of salary to ownership wealth gain.

There are bad people in the working class that are a net detriment to society, just as there are good people in the owning class that are a net benefit. Those good and bad deeds don’t change how they accrue wealth and therefore don’t change their class.

This working class isn’t a morality judgement, it’s a wealth ratio per individual.

According to Forbes, on average 60% of CEO compensation is equity. In short, I was wrong. My bad!

Working class means your primary wealth generation tool is selling your labor. The compensation plans vary widely, but I think most CEOs are earning most of their wealth through a salary vs returns on things they own.

You can hate it all you want, but that’s what working class means.

This is my biggest frustration with these posts. We might not like it, but CEOs are still working class. Most of their wealth is derived from a paycheck. They aren’t even the owning class. They’re rich AF, but they’re a symptom more than a problem.

There’s a skatepark near me that is still bumping. All ages, all times of day. There is even this guy who lives in his car that comes out an practices DJing out there. It’s an awesome little community.

I usually do quad stretches, forward bend, downward dog, childs pose, pretzel, and figure 4. I think the figure 4 has had the largest impact loosening up the glute to knee connection.

Do leg stretches every day. Most knee pain is associated with certain muscles overpowering others in rest state. Stretch them out to reset that balance. It’s worked wonders for me, started seeing results in ~2weeks.

I recently heard “Freedom is the availability of choice.” This not only feels like the correct definition, it also includes how poverty strips freedom away by limiting choice. When we say freedom we typically mean political freedom, but I think we should adapt this definition so we can also include economic freedoms.

Paint.net

A great point! I feel like the overarching end goal is a meritocracy - people are rewarded for their talents and hard work. I’d wager most people agree with this goal.

The problem becomes disentangling history and circumstance from our ability to measure talent and hard work. The only way we know to break some social norms that hinder a true meritocracy is to unfairly manipulate the playing field in the short term, which in itself does not follow a meritocracy.

I think there are a few main obstacles:

1. Perceived talent and hard work that was actually the result of circumstance - those that think the system is currently working and therefore their position is justified.
2. Lack of acceptance that the goal is long term / generational. Those that are unwilling to accept a temporary ‘manipulated meritocracy’ in the short term that would allow a better one in the future.

The perfect use case is tickets to live events. One entity creates one NFT for each seat or spot available and can initially sell them. The owner of that NFT (ticket) can then do whatever they want with it without the need for a third party (Ticketmaster) to scalp the shit out of any subsequent transactions.

Proof of ownership of a single ticket at the time of the event is the end goal, which is what NFTs do.

Why this hasn’t been done is pretty baffling to me.

What’s better, is if artists want to provide a subset of tickets that are not resellable they can. Those tickets will only be accepted if a single transaction has taken place.

That’s quite a bomb to drop in your last sentence. Gonna need a source on that one.

Damn, everyone could have been right if the OG just relented. He changed his mind to agree people don’t change their minds? Chess grandmaster move right there… What a missed opportunity.

Love this write up! Thank you for posting, I really like your ideas. Out of curiosity how would apartment buildings work in your plan. There are many cities where you probably don’t want to encourage single family homes to reduce urban sprawl. How would you encourage high density housing in your plan?