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I Stop Celebrities from Blowing Their Money

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Re: I Stop Celebrities from Blowing Their Money

#141
post #73

Earlier quoted context omitted.

Depends on how much work these people put in. If they are going over every contract including insurance etc it would be an extremely valuable service. On to of that they are sorting all their mail, doing bill payments etc. 'I was at his house every single day, helping to oversee contractors, pick out windows, pick out drapes.'

I think she also meant but didn't say stopped contractors ripping her client off. Charging for Italian Marble but actually using crap materials or billing for more days worked than they did would be a couple of good examples.

Which might also indicate that good politics are a part of her job as well.

You don't want to tell the contractors who aren't trying to rip you off "I need to stand here and stare at you so that you don't cheat me/steal anything", but if you're always around to help "pick out windows" or "choose drapes", you can keep an eye on things without being too obvious about it.

Re: I Stop Celebrities from Blowing Their Money

#142
post #77

Earlier quoted context omitted.

> It really shows how us Plebians are ground into dust by the healthcare industry Or the benefits of collective bargaining, even in limited context like procuring healthcare.

This is one of things I always wonder about. Libertarians and other free-market enthusiasts should actually be for collective bargaining and unions. Because in an actual free market it's legal to form unions, just like it's legal to form a corporation. Collective bargaining is a feature of a free market. If you don't like the idea of unions and collective bargaining, you don't like free markets.

Unions almost invariably require government regulated support, because collective anything rarely stands on its own before people defect.

I think that's a general good feature of the free market. Collusion is hard until you get down to only a few providers of a service. (In this case, labor.)

The real problem here is that employees generally have no power, because they have no flexibility. We have a nationwide, intergenerational case of people living paycheck to paycheck when even modest savings would've lead to fantastic wealthbuilding. In short, we wouldn't need unions if employees had a BATNA.

This is a financial education problem. But it's one that could be temporarily solved by susbsidizing a BATNA for workers, rather than enforcing labor laws that lead directly to inefficiency.

Re: I Stop Celebrities from Blowing Their Money

#145
post #8
post #6

"I charge a 5 percent commission rate, which is pretty standard" 5 percent of what?

I presume it’s their income, or assets under management. Pretty sweet deal if so compared to the 2-and-20 a lot of investment managers make.

What is "2-and-20" ?

Re: I Stop Celebrities from Blowing Their Money

#146
post #91

Earlier quoted context omitted.

I can assure you that the majority of SAG actors are working service jobs, living hand to mouth. This isn't an example of the rich lording over the plebs, this is an example of a union doing right by its members.

Yeah. All tech workers could have similar benefits if they unionized en masse using a structure similar to that of actors.

Getting into and maintaining SAG membership is very time consuming and expensive.

You could work in the industry for years and never get in. Others get lucky and get in within a few months. A lot of people are SAG Eligible but can't afford the initial fees to get in.

It's not like a standard union where you show up to work every day for months and you are in. Non-union basically do the exact same thing as union folk, but get paid less per hour. In contrast, there is a budget limit to how many SAG workers can be on set, so while your hourly is higher, the quantity of work you have is much lower.

Most SAG members are background extras, who don't earn very much money, and can't work more if they wanted to.

Definitely not the union you'd want to emulate. Film and TV actors are all temporary workers.

Re: I Stop Celebrities from Blowing Their Money

#147

Earlier quoted context omitted.

Actual libertarians rather than the confused type so popular in the US are all for it. Look at anarcho-syndacilists for example

Gatekeeping who is and isn't an "Actual libertarian"

That's not really gatekeeping. In order for words to have meaning they have to preclude the set of all things they are not. There is a cogent argument that support of collective bargaining is compatible with the philosophical school of libertarianism, and that a liberatarian subscribing to that school of thought would consequently support it. It's not necessarily self-evident, and you can argue against it if you'd like, but then it's simply a disagreement. Gatekeeping implies an unreasonable barrier being imposed on an ingroup or social identity (not typically a political or philosophical school of thought). For example, "you're not really a fan of if you can't name all the songs from their ."

People disagree about the finer points of political ideas all the time. But drawing a line in the sand doesn't immediately signify gatekeeping, it signifies normal debate. This is especially evident if you compare the example I gave to what you're calling gatekeeping: it would be unreasonable to require all fans of a band to have episodic recollection and deep opinions on every song ever recorded by the band. But it would not be unreasonable to assume a libertarian with philosophical fidelity to the school of thought supports collective bargaining. Again, it might not be correct, but it's not ridiculous.

As a meta point, I'm noticing a trend online where people will give a quick driveby dismissal using terms from the popular zeitgeist. Typical, recent examples include "gatekeeping", "whataboutism" and "gaslighting." Sometimes these are appropriate criticisms to levy at someone's argument and they draw a real insight. But they're also frequently abused or pigeonholed into discussion in contrived ways. From my perspective this seems like a more subtle equivalent of collecting logical fallacies to point out in other people's arguments online. It's symptomatic of something larger: that snark is the modern saboteur of reasoned debate.

Very, very rarely is a single sentence critique of another person's point anything more than a middle brow dismissal. It sounds intellectual but there's no deconstruction or antithesis involved. If you wanted to substantially critique the commenter's point, it would probably have been more appropriate to cite "No True Scotsman" instead of "Gatekeeping". Better still would be to skip the trite idiom altogether and explain why you consider it an error with substantive depth. A pithy comment only convinces those who already agree with you. A meaningfully persuasive one convinces the audience, if not the original commenter.

Re: I Stop Celebrities from Blowing Their Money

#148
post #40

A lot of people who are making $300K a year in Silicon Valley are going to be in that situation around age 50.

That can be accurate, but keep in mind that the people ins Silicon Valley are there using the brain and therefore more aware of the financials of their lives. Artists and sportists on the other hand can be a bit more detached from how much they make. I am not saying that this happens in 100% of the cases but there is a correlation.

Most people who make a lot of money blow through it in about 7 years.

I know a couple who blew through $15 million. The wife ended up working as a cook in a restaurant.

Re: I Stop Celebrities from Blowing Their Money

#149

FIVE PERCENT FEES? After inflation that basically brings your ROI from holding risky equities down to savings account rates. She gets paid better than the world’s most successful hedge funds to be a glorified baby sitter to grownups? I picked the wrong career.

That is a really hard job. Understanding people is a system just like programming except there are few hard rules

Re: I Stop Celebrities from Blowing Their Money

#150
post #108

Earlier quoted context omitted.

When I compare that to German health insurance, it comes out to an income of ~1600 EUR per month before taxes, but you pay more of if you earn more. Quite an interesting concept though that their rates don't seem to up no matter if you just get by or make millions...

Same in UK - you pay a % of your salary above a certain level, so the more you earn the more you pay. But you are always covered for absolutely everything without co-pays, limits etc etc no matter whether you earn zero(and pay nothing towards it) or are a millionaire. Using it also doesn't affect how much you pay, it's just a flat % of your salary regardless of whether you are healthy or chronically ill.

If you're talking about national insurance, which is more or less fixed, then you are incorrect. The NHS is not funded by it. It's still payed by taxes but it's not a flat rate tax.
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