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Stay Gold, America

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Re: Stay Gold, America

#3
Sorry if I’m misunderstanding but is he saying the 8 million is half his net worth or is there a lot more coming?

https://news.ycombinator.com/item?id=27371627

Is this post wildly off on his net worth calculation?

Either way, I applaud him for his donations!

I hadn’t heard about the Warren Buffett complete 180 degree change on where his money is going after he dies and that’s really disappointing to read.

Re: Stay Gold, America

#4
On the cost increases graph, As always, things that got cheaper are things that American import from other countries while things that got more expensive are things that you cant import and solely depends on American workforce, more or less.

So I found it very funny that right now there are more and louder voices on reducing trade deficits and bringing manufacturing backs. Well, are most folks ready to have the blacklines also becomes red? I have a huge doubt on that.

Re: Stay Gold, America

#5

Sorry if I’m misunderstanding but is he saying the 8 million is half his net worth or is there a lot more coming? https://news.ycombinator.com/item?id=27371627 Is this post wildly off on his net worth calculation? Either way, I applaud him for his donations! I hadn’t heard about the Warren Buffett complete 180 degree change on where his money is going after he dies and that’s really disappointing to read.

$8m first, plus half his net worth within the next five years

Re: Stay Gold, America

#6

Sorry if I’m misunderstanding but is he saying the 8 million is half his net worth or is there a lot more coming? https://news.ycombinator.com/item?id=27371627 Is this post wildly off on his net worth calculation? Either way, I applaud him for his donations! I hadn’t heard about the Warren Buffett complete 180 degree change on where his money is going after he dies and that’s really disappointing to read.

Shocking that billionaires aren't to be trusted :)

Re: Stay Gold, America

#7
>We are at an unprecedented point in American history, and I'm concerned we may lose sight of the American Dream

The understatement of the year. From all I read, hasn't it been dead and burried for decades? (Of course not for some founder who hit the jackpot like Jeff).

"Evidence indicates that in recent decades social mobility in the United States has declined, and income inequality has risen.[7][8] Social mobility is lower in the US than in many European countries, especially the Nordic countries.[9][10] Despite this, many Americans are likely to believe they have a better chance of social mobility than Europeans do.[11] The US ranked 27th in the 2020 Global Social Mobility Index.[12]"

The only related thing remained appears to be individual scheming and grinding to make it big, by whatever means necessary, and hope you get lucky. Not some notion that the current environment is conductive to that, or that "hard work" alone will get it, and for most young people forget about the "house with the white picket fence" too.

And the charity work mentioned, good as it might be, is more like a drop in the bucket, that won't change much either way.

Re: Stay Gold, America

#8
post #4

On the cost increases graph, As always, things that got cheaper are things that American import from other countries while things that got more expensive are things that you cant import and solely depends on American workforce, more or less. So I found it very funny that right now there are more and louder voices on reducing trade deficits and bringing manufacturing backs. Well, are most folks ready to have the black…

[deleted]

Re: Stay Gold, America

#9
>> Whatever the reasons, 42% of adults living in America had no say in the 2024 election. The vote failed to represent everyone.

The 2024 election had a turnout of about 59% of the voting age population. Since 1972, only one presidential election had higher turnout than that (it was 2020). If the 2024 vote didn’t represent everyone, then most every election for the last half century has been even worse at representing people. Figures: https://en.wikipedia.org/wiki/Voter_turnout_in_United_States...

Re: Stay Gold, America

#10
post #7

> We are at an unprecedented point in American history, and I'm concerned we may lose sight of the American Dream The understatement of the year. From all I read, hasn't it been dead and burried for decades? (Of course not for some founder who hit the jackpot like Jeff). "Evidence indicates that in recent decades social mobility in the United States has declined, and income inequality has risen.[7][8] Social mobility…

There has always been poor people in the US. There seems to be more shame and stigma attached now though, along with denial. I think that is one of the reasons the iPhone is more popular in the US. It helps people feel like they aren't poor.
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