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Joined 1 year ago
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Cake day: October 4th, 2023

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  • You will never make more interest on an investment than you will get charged interest for the same amount as a loan.

    The historical S&P500 average is 11.88% annualised. Unless your interest rate is above this, you’re better off investing. In reality it’s more complex as there are tax considerations, liquidity, risk, opportunity cost etc to calculate. If your interest rate approaches this, paying down debt is indeed the best course of action.


  • It’s absolute shit for young people and anyone who doesn’t own a home already. Pants on head insane house prices for cardboard walls and mould. Violent crime and especially gang crime is straight up scary now (though not as bad as the bad parts of America). I left NZ because my outlook was so bleak. I ended up in Denmark and couldn’t be happier. Australia is also a good bet and the women are GORGEOUS. Also Switzerland if you find a path to employment there. Norway is great. Many places in America are still great, despite the counter-jerk.








  • If you decide to continue to grow your wealth from there, you’re essentially not just making money for yourself, but so others can’t have it.

    This is a zero-sum fallacy. The size of the economy isn’t fixed. It continues to grow each year. The hyper productive people you’re referring to are disproportionately responsible for that growth, and they are disproportionately the recipients of that growth. My father was one of those people. Working 18 hours every day for 30 years. It led to a divorce and our family falling apart, but fuck did he generate a lot of economic value for the world, his company, and himself. He didn’t steal it from you. He created it.





  • First, immigration is currently calibrated FAR in excess of any demographic gaps. The population is growing rapidly. If the premise were to plug demographic holes, we wouldn’t need nearly this many people.

    Second, if the premise were to alleviate demographic issues at the young end of the pyramid, then immigration policies would block any applications for those over 30, or at least heavily bias the young. They don’t.

    There is exactly one reason immigration has been calibrated so high, and with such little care for the skills and qualities of the applicants: to suppress wages and working conditions. It’s the same playbook all over the West.