America’s Oldest Gun Maker Went Bankrupt: A Financial Engineering Mystery

Post by zentiggr » Fri, May 03, 2019, 8:18 PM UTC

bluGill wrote: post #185

UweSchmidt wrote: post #140

Earlier quoted context omitted.

Well then our intuition is wrong. If your finances throughout your life are not in order, if you have high debt, regardless if it's because of medical bills, student loans or too big a car and house, you are in a weak position. What good does a nice car do if you worry about bills and if you try to avoid to look at the balance in your banking app? You don't always know how rich some folks are, but for the most part i…

If you die deep in dept you managed to cheat at life: your cost of living was higher than input. If you die rich you got cheated: you put more effort into life than you got out of it.

Post by hcurtiss » Fri, May 03, 2019, 8:28 PM UTC

Junk_Collector wrote: post #52

jcranmer wrote: post #35

Earlier quoted context omitted.

I did mean the percentage, but it does look like the absolute number of households owning guns has very slightly declined.

I imagine it's difficult to get good numbers on ownership though as the cross section of people who would not disclose firearm ownership to the government or polling agency would also be likely to own a firearm. This is compounded by the fact that firearms last upwards of 100 years with minimal maintenance and there are healthy secondary and black markets for them.

Post by dractori » Fri, May 03, 2019, 8:32 PM UTC

onetimeusename wrote: post #179

dractori wrote: post #99

Earlier quoted context omitted.

The top 1% own 40% of the wealth and have realized 95% of the increase in wealth over the past decade: https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite... "More recently, in 2017, an Oxfam study found that eight rich people, six of them Americans, own as much combined wealth as half the human race."

The claim that the top 1% have realized 95% of the increase in wealth over the past decade is spurious. I think the original study[1] that claim came from only argued that was the case for percentages of income growth, which is not wealth, and only true from 2009 - 2012. I think it has been propagated since then as a different claim that the top 1% had 95% of the increase in all the wealth for the past decade. I don'…

Post by dogismycopilot » Fri, May 03, 2019, 8:42 PM UTC

josefresco wrote: post #7

Simulacra wrote: post #3

Earlier quoted context omitted.

There's also the issue - perhaps - of market saturation. How many guns does one need? My pro-gun friends typically seem to have 2-3 but shy away from any more than that.

> My pro-gun friends typically seem to have 2-3 From my experience, that's sort of low. I never thought my neighbors had so many guns, until I started spending time at the shooting range. A common site is a trunk packed to the gills with firearms. The "gun guys" buy them like the "sneaker guys" buy Nikes. They usually won't talk about it, unless you express interest or go shooting with them.

Post by malandrew » Fri, May 03, 2019, 8:48 PM UTC

bluGill wrote: post #185

UweSchmidt wrote: post #140

Earlier quoted context omitted.

Well then our intuition is wrong. If your finances throughout your life are not in order, if you have high debt, regardless if it's because of medical bills, student loans or too big a car and house, you are in a weak position. What good does a nice car do if you worry about bills and if you try to avoid to look at the balance in your banking app? You don't always know how rich some folks are, but for the most part i…

If you die deep in dept you managed to cheat at life: your cost of living was higher than input. If you die rich you got cheated: you put more effort into life than you got out of it.