• Activity
  • Votes
  • Comments
  • New
  • All activity
  • Showing only topics with the tag "economics". Back to normal view
    1. Is there a "Razor" for the idea that "If a Billionaire is against it, I'm for it?"

      Not sure if this is the right section for this post, might be better off somewhere else. But a sentiment I've seen more and more frequently online is the idea that there's a pretty simple "razor"...

      Not sure if this is the right section for this post, might be better off somewhere else.

      But a sentiment I've seen more and more frequently online is the idea that there's a pretty simple "razor" (like Occum's razor, or Halon's) that if a billionaire or huge corporation is telling me something is bad or will hurt people, it's usually a sign that the opposite is true. Or if a billionaire goes on the news and says that this new law is good for the poors and people should support it, it's a good sign to go out and vote against it.

      Do we have a catchy name for it yet? I was thinking maybe "The Bezo's inversion" or something similar.


      Edit: Shout out to /u/Rosco for expressing my intentions from this post better than I could have. The discussion in this thread didn't really go the direction I was expecting and that's probably on me for how I structured the original post.

      I read this as more of a fun catharsis. We're in a society that is getting disproportionately out of whack. Wealth inequality is at a pretty untenable level, the average person is having a hard time getting by, and those with extreme wealth are actively trying to change our media, regulatory, labor, political landscapes to their benefit. I think a big of off gassing is warranted and this seems like a fun to way to engage with it. Obviously it's not actually going to function as a law, like I agree with Tom Steyer's stance on the Environment. But, on the flip side I came across the voter guide in the Palo Alto Daily in 2020 and it was literally the exact opposite - on every single proposition - than what I was planning to vote for. So it also kind of works? Regardless, it's harmless fun.

      46 votes
    2. Financial collapse?

      I'm extremely bearish on the US dollar and stock market and am wondering what other people think about how to prepare financially for the medium term future. I don't there's any other way you can...

      I'm extremely bearish on the US dollar and stock market and am wondering what other people think about how to prepare financially for the medium term future. I don't there's any other way you can cut it: there's a debt crisis and, worse yet, I don't think the US will be able to convince bond buyers that they're serious enough about the issue to avoid a debt spiral. The fact that gold has cracked 4000 (almost 4200 now, with BofA setting a 5000 target) seems to suggest that central banks are similarly pessimistic about a financial collapse. What do y'all think about where things are likely headed?

      40 votes