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I accidentally loaned all my money to the US government

beanlog.vercel.app

311–320 of 512 posts

Re: I accidentally loaned all my money to the US government

#311
> it dawned on me that not only did I just loan $19,975 to the government for 2 months with zero interest, but I’d locked myself out of the golden window for buying I-bonds.

This guy has less than 20 grand to his name and he's investing in I-Bonds? That's the real tragedy.

Re: I accidentally loaned all my money to the US government

#312
post #163

Earlier quoted context omitted.

A lot of FANNG is non-software roles. A lot of FANNG are contractors. A lot of FANNG is over leveraged (house, random tax liabilities, supporting family members). I’m utterly convinced FANNG comp is overvalued due to selection bias on Blind and direct PR efforts by those companies.

When someone talks about “people working for a FAANG”, realistically no one is referring to Amazon warehouse workers neither are people talking about Uber drivers. Mostly they are talking about software engineers and adjacent roles. Thats not meant to throw shade on warehouse workers as “lesser”. My dad is retired factory worker.

It’s not just warehouse workers and drivers. Accounting, marketing, legal, HR, etc. all exist.

Re: I accidentally loaned all my money to the US government

#313

Earlier quoted context omitted.

Is the US government really that bad? I hear Americans complain about it all the time but from my experience in the UK the government is mostly competent most of the time.

As a Canadian who’s (very) thankfully becoming American I can guarantee you that American government is very incompetent. At least in comparison to a Commonwealth one. The wait times, the level of uncaring, the general attitude was jarring when I first moved here. I even worked as for a few years for the gov, and the bureaucracy is even worse inside!

The IRS support line used to be pretty good about 10 years ago. I once called their help line to to clarify some complexity in filing and they routed me to a tax specialist who knew exactly how to resolve my issue and saved me $5k vs what the tax preparer did. But since their budget has been cut back a lot so that rich people have a harder chance getting audited. So its not incompetency but a deliberate effort to weaken is powers.

https://www.cbpp.org/research/federal-tax/the-need-to-rebuil...

Re: I accidentally loaned all my money to the US government

#314

I thought this was funny. Weird comments in the thread about how he/she should have known better. Author is not making a complaint to demand internet outrage. There is no inflammatory justice warrior content here. Sheesh! Author admits they screwed up, decided to share the screwup, and who hasnt been trough that exact dunder blunder? Fun short read 8/10.

This wasn’t the authors fault at all. It’s 2022, not 1998. I would expect a banking/payment UI to be very clear and foolproof.

I am not sure how much clearer "Your deposit exceeded the limit. The excess funds will be returned" could be.

Re: I accidentally loaned all my money to the US government

#315

> it dawned on me that not only did I just loan $19,975 to the government for 2 months with zero interest, but I’d locked myself out of the golden window for buying I-bonds. This guy has less than 20 grand to his name and he's investing in I-Bonds? That's the real tragedy.

Ok, I'll bite - what should they be investing in if their investment horizon is 12 months? The stock market is in the middle of a correction, and there's no telling when that will end.

Re: I accidentally loaned all my money to the US government

#316

I've been in the US for 4 years and it seems like the government is just like a computer that you cannot talk to or get issues fixed somehow. It's like, if something goes wrong you're fucked. If USPS loses your documents or even your car's title, or your immigration approval notice, you're fucked, you might need to wait 2 months, or 6, or 8, and nobody cares, nobody will help you. There's no one that can help you. At…

In general, the solution to your problem is to hire an attorney. They're expensive and overkill for most things, but they know how to "talk" to the government. And just as you'd expect from Vogons, it's painful to watch.

Otherwise you're effectively left as your own lawyer, having to know tricks of how to communicate/escalate and doing online research to find out. In general if you can get a government agency on the phone they can be quite helpful (their customer service hasn't been optimized away like private companies), but you still need to know what to ask for and how to work with their bureaucratic minds.

For example, for something like a car's title, you could probably apply for a duplicate title from the DMV and get another one sent. But for immigration problems I've got no idea.

Re: I accidentally loaned all my money to the US government

#319

I've been in the US for 4 years and it seems like the government is just like a computer that you cannot talk to or get issues fixed somehow. It's like, if something goes wrong you're fucked. If USPS loses your documents or even your car's title, or your immigration approval notice, you're fucked, you might need to wait 2 months, or 6, or 8, and nobody cares, nobody will help you. There's no one that can help you. At…

It's no wonder that people vote for less government influence in the US. They just never had a good experience with it so they want to get rid of it as a band-aid solution.

Re: I accidentally loaned all my money to the US government

#320

Earlier quoted context omitted.

This happens whenever something bad happens to someone else, be it a car accident or a major illness or being the victim of a crime. People want to think it wouldn’t happen to them, so they go through all the reasons they would have been able to avoid the situation so that they don’t have to fear it happening to them. People really don’t want to admit to themselves that there are a lot of things outside our control t…

That's mostly because people in good circumstances are usually reluctant to attribute much of it to luck. It's so much more fun to pretend that everything good that's happened to you, you earned and deserved, rather than a lot of it just being random noise that compounded in the fortunate direction.

When taken together, your observation and GP's form a phenomenon called the "fundamental attribution error":

https://online.hbs.edu/blog/post/the-fundamental-attribution...

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