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Joined 1 year ago
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Cake day: June 12th, 2023

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  • There was a vociferous but somehow under the radar outcry about this back in 2018 and an incredibly simple solution was widely suggested: demonetize the video.

    However, the highly viewed video is a significant source of royalty revenue for Mr. Astley, which, as he well argued at the time in a series of tweets, is only just compensation for the way his image has been turned into a joke literally hundreds of millions of times now.

    Mr. Astley implored YT not to bow to pressure and demonetize the video. YT famously replied “don’t worry, we’re never going to give you up, never going to let you down.”










  • Your post points to the answer.

    If people’s absolute essentials could be guaranteed: housing, healthcare, education, and food, then all the “advantages” would only affect the bonus region above that where wealth and privilege reside.

    The problem is that it’s very possible for those life essentials to be threatened because other people have wealth and privilege.

    If there was just a floor on this damn thing we could stop talking about all this. But American culture dictates that that floor must be squarely below the point of dignity and deprivation, so that people don’t get comfortable. Because we can’t have that. Ever. Because it’s a moral hazard to the soul. Unless you’re born rich. Then you can have comfort for free, and there’s magically no moral hazard to your soul somehow.


  • I bought my first home half with money I’d saved by working, and half with some money I inherited from my grandparents. I was also able to buy with only 10% down because it was 2005, leading up to the sub-prime mortgage scandal, and they were giving out mortgages very easily.

    Fast forward some years.

    I reluctantly rented my place out for a couple of years because I needed to move myself and the mortgage was underwater following the 2006 crash caused by all those sub prime mortgages. I rented to a nice couple and although I gave them a very attractive rent and treated them as well as possible, there was no question that their rent money got me through that housing crisis and eventually allowed me to sell at a significant profit instead of losing my ass.

    When I sold, I offered my renters a deal to move out. They took it, and said that they were buying their own place as they had inherited a small amount recently.

    For me this was a perfect example of how, just because my grandparents died a few years before theirs, I was their landlord and not the other way around. I got protection for my investment on their dollar. And once they too got the benefit of inheritance, they were able to graduate to the next level themselves.

    Years later I’ve remained a homeowner and am sitting on multiple millions in equity from all the appreciation during that time. My remaining mortgage payments are about 1/3 of what it would cost to rent the same home. My wife’s younger siblings, by contrast, can’t even afford to buy under any circumstances because the market is so high. And of course lending standards are much more strict now.

    For me this is a perfect example of generational advantage. Here I am sitting pretty just because I’m 10 years older than them, while they have to move out of state just to get a start.

    Anyone who thinks this is a fair and equal opportunity economy is a damn fool. As long as you are competing against people who have advantages you don’t, it doesn’t matter whether your theoretical opportunities are equal. You’re going to lose and wind up in servitude of those who won.