291–300 of 333 posts
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No, but other people having $10bn of disposable income increases prices for you. Or if you look over the long term, skews the economy towards producing luxury goods rather than meeting the basic needs of ordinary people.
Pretty sure a guy/gal who has $10Bn of disposable income isn’t buying underwear at Target like me, driving up the price.
Plus, the parents apparently paid at least $250k in college tuition for her. So she has world class education, zero debt from it, and then this stipend on top of that . The stipend wouldn't go anywhere near as far if she were saddled with crushing student loans. I come from a more privileged background than I realized and that included better educational opportunities. I was in gifted programs as early as second grad…
Sadly there doesn't seem to be an easily accessible english translation. If you read French you should go for it, as it is arguably one of its most important and underrated work.
I found this companion/introduction to Bourdieu's work but I cannot vouch for it: https://www.amazon.com/Culture-Power-Sociology-Pierre-Bourdi...
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or men of any race who get the "walking behind a nervous women while male" treatment when walking around their city at night
Do you think that's unjustified from them? I, as a fairly non-descript white guy, am always worried when out walking near a single female that she might be afraid of me and what I might do and take steps to help alleviate that (walk slower, etc.). I mean, it seems like the most reasonable course of action. Sure, I'm never going to confront/assault/rape anyone, but the 5'2", 110 lbs woman walking in front of me on the…
Why would dropping back give relief? Seems to me, moving to the side as far as the sidewalk, etc., permits then accelerating to pass so you aren't behind is the better course of action.
The value of this gift is much greater than then nominal sum. My parents gave me $3000 for the down-payment on my first house, which cost $100k. Otherwise I wouldn't have been able to afford to buy a house. But I bought instead of renting and ended up selling it for $200k years later. That was a big financial win early on and meant I was never in debt again. My financial situation at the time was barely-making-ends-m…
>$1000k a month Quite a ROI.
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> Does anyone have recommendations on how to overcome the resentment I feel against people like the author? I am jealous and frustrated by their advantage, but that opinion is purely negative and doesn't help me at all. I grew up with a number of people who were far more well off than me. One kid made more interest on his inheritance -most of it hadn't even arrived yet- than my parents made all year. There's pros and…
How are they doing now? I think that the experiences diverge the most as adults actually. Kids don't have many responsibilities and most go to school. Minimum wage jobs as a teen can actually be fun. You're surrounded by coworkers your age and everyone slacks off. It's low pressure in the sense that you and your coworkers don't care about getting promoted or fired. As adults, rich kids can choose fulfilling, fun care…
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Compared to a black person living in the same place and going to the same school and having the same number of living parents with the same jobs and same dedication to success, probably very good. Please remember to keep other factors equal when comparing aspects of demography. Otherwise you've just strayed off into the wilderness of logical fallacyland.
Ok, you’re a white farmer living in South Africa. How’s you’re whiteness helping you now?
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I assume therefore that you dutifully calculate and pay income tax on any and all birthday or Christmas presents?
To the extent that we have received large gifts from relatives, yes, we've reported those accurately to the tax authorities in two different countries. There was no tax due, but I would not have objected philosophically to the gifts being taxed.
In the UK there's inheritance tax to pay over a threshold if you die within 7 years of making the gift, but otherwise there's not a 'gift tax'.
The situation you describe still isn't the same as declaring it as income though - assuming you are working, if it were taxed at your marginal rate of income tax you'd already be over any threshold no matter how small the gift.
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I assume therefore that you dutifully calculate and pay income tax on any and all birthday or Christmas presents?
Yes, I have calculated and paid tax on all gifts that I have ever given in excess of the reporting threshold (i.e. none, because I don't give away gifts worth tens of thousands of dollars).
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> an awful lot like UBI. But, I think the key difference is that ... parents ... have a standard for how it's spent. There's another important difference from UBI, that only a few kids now get this $28k. So being one of them, you can out-bid the others on having a nice apartment... whose price would otherwise rise. This applies to work too: she could get ahead artistically by being able to write full time. Ahead of t…
that's a simplistic analysis that doesn't really capture the whole effect a universal basic income might have. For one, with a livable basic income, the value of housing shifts somewhat--since there's not essentially a requirement to have a job, the demand for housing-near-jobs changes. It is hard to predict exactly what direction that might shift in. The competitive environment around an artistic endeavor changes to…
I'm not convinced that the changes in competition would be in the direction you mention. It could be that even more people would like to live in Vancouver, if only their jobs weren't keeping them elsewhere.
It could also be that the artistic environment is more about competition for audience, and for status, than about creative outlet. As a datapoint, the world of the '80s had lots of small-time newspaper photographers, and commercial photographers, most serving a local market. The world of the '10s instead has instagram stars, and is in some sense much more competitive, much more unequal in terms of who gets their work seen.
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Most of the arguments you refer to are actually thinly veiled racism ("black dads don't care about their kids") and that is the source of antagonism against them. There is more than a little classism behind Obama's remarks, though: he wasn't exactly raised impoverished or by family who were constantly running afoul of a racist, classist "justice" system.
Isn't it also racist to hear someone say "fathers need to be parents too" and jump to the conclusion that the speaker is singling out about black men? There are plenty of fathers of all racists who are skipping out on being parents.