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The founder of Craigslist has given away half a billion dollars

independent.co.uk

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Re: The founder of Craigslist has given away half a billion dollars

#241

Post by latency-guy2 »

overfeed wrote: post #236
WalterBright wrote: post #211

Earlier quoted context omitted.

They are in the top tax bracket. The federal income tax is based on income, not wealth.

> They are in the top tax bracket They are not in the top bracket by choice - a luxury option unavailable to non-wealthy people in the working middle-class who actually are in the top tax bracket. As you helpfully noted in your second half of your comment, high wealth, deliberately low income[0] means they are not in the top tax bracket[1] on the basis of their carefully calculated, tax-optimized income. 0. Taxable e…

> As you helpfully noted in your second half of your comment, high wealth, deliberately low income[0] means they are not in the top tax bracket[1] on the basis of their carefully calculated, tax-optimized income.

There is no optimization for anything actually, its just income. There's lots of different forms of taxes that the US government takes part in as you know. Quitting your day job removes the income part until distribution/settlement for any owned assets.

You can argue for a wealth tax, but conflating two separate concepts is not how you do it.

Re: The founder of Craigslist has given away half a billion dollars

#243

Post by micro2588 »

WalterBright wrote: post #202
gottorf wrote: post #164

Earlier quoted context omitted.

> Your point is totally and completely wrong. Germany has public benefits that actually matter. Objectively wrong, because Germany does better in the things that subjectively matter to you? > Germany's average life expectancy is ahead of Mississippi by 10 years . Comparing like for like, that gap drops down to 5-6 years and puts Mississippi on par with, say, Thailand or Latvia. Hardly grounds for condemnation. > Germ…

> general satisfaction of the people Different groups of people have different ideas of what "general satisfaction" is. Hence, such cross-group studies are pretty suspect.

One objective measure of satisfaction is if you are alive and healthy, hard to be satisfied otherwise.

Re: The founder of Craigslist has given away half a billion dollars

#244

Post by timr »

parl_match wrote: post #239
permalac wrote: post #195

Earlier quoted context omitted.

What percentage of his earnings does represent?

It's still not modest. There's no way in which a $6 million dollar house is "modest". Don't try to launder it through lying with percentages. It's not modest.

A small 1 bedroom apartment in Manhattan, today, costs a bit under $1 million, on average.

Re: The founder of Craigslist has given away half a billion dollars

#245

Post by driverdan »

KennyBlanken wrote: post #191
BeetleB wrote: post #125

Earlier quoted context omitted.

IIRC, he said the bulk of revenue comes from job listings.

You misspelled "ads for prostitution." Which they eventually stopped doing, only after considerable public pressure and state AGs threatening criminal prosecution. https://www.pbs.org/newshour/show/craigslist-drops-adult-ser... Everyone need stop making out Craig and James out to be super moralistic dudes. They both profited, enormously, off sexual exploitation and human trafficking around the world by (knowingly) se…

> They both profited, enormously, off sexual exploitation and human trafficking around the world by (knowingly) serving as a directory for pimps.

From what I read back when this happened you have it backwards. The classifieds on CL and other sites for sex were were largely individuals choosing to do it. They were not being trafficked or pimped. By closing those listings down it would end up pushing sex workers to find other sources of clients, like pimps.

Re: The founder of Craigslist has given away half a billion dollars

#247

Post by parl_match »

timr wrote: post #244
parl_match wrote: post #239

Earlier quoted context omitted.

It's still not modest. There's no way in which a $6 million dollar house is "modest". Don't try to launder it through lying with percentages. It's not modest.

A small 1 bedroom apartment in Manhattan, today, costs a bit under $1 million, on average.

I would argue that a $1mil manhattan 1br isn't modest. You know, you can start to split hairs what modest means. Is that a modest living space? Sure. Is the privilege of living in manhattan immodest? I also think so.

But at least that's within the realm of "modesty". At least there's at least one element of modesty to it. It's not a multi story 6 million dollar home with a floor to ceiling double floor library.

Re: The founder of Craigslist has given away half a billion dollars

#248

Post by yubblegum »

parl_match wrote: post #239
permalac wrote: post #195

Earlier quoted context omitted.

What percentage of his earnings does represent?

It's still not modest. There's no way in which a $6 million dollar house is "modest". Don't try to launder it through lying with percentages. It's not modest.

You need to prove to us that modesty is an absolute quality. Reasonable people would agree that that is a bit extreme ("immodest") and that modesty is relative. (Try cheap instead of modest to see how this works.)

> There's no way in which a $6 million dollar house is "modest".

Relative to his wealth bracket he is being modest but not cheap.

Re: The founder of Craigslist has given away half a billion dollars

#249

Post by yubblegum »

bluedino wrote: post #8
helterskelter wrote: post #6

I don't know much about this guy, but I remember reading an interview with him maybe 15 years ago where he was asked if his lifestyle had changed since he came into money and if he bought a new house or anything, and his answer was basically something like: "Not really, and I've already got good water pressure where I'm at, what else do I need?" I can't help but like his attitude.

He apparently bought this place in 2016: https://streeteasy.com/blog/craigslist-property/

That or Tribeca have to be my favorite areas of the city to live in if I had silly money which I don't so I don't and likely ever won't unless my venture petfood.ai strikes it big in which case I'll buy the entire building but won't put my name on it with large gold san serif letters. I may be poor but I have class.

Re: The founder of Craigslist has given away half a billion dollars

#250

Post by jryan49 »

parl_match wrote: post #239
permalac wrote: post #195

Earlier quoted context omitted.

What percentage of his earnings does represent?

It's still not modest. There's no way in which a $6 million dollar house is "modest". Don't try to launder it through lying with percentages. It's not modest.

I mean is your place modest compared to the average place in a third world country?
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