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Joined 3 years ago
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Cake day: July 13th, 2023

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  • First of all, if I did delete my comment, how would other people have content to your outrage?

    Second, Help me understand how giving an example of money buying health is bigotry, ignorance, entitlement, or arrogance.
    At no point did I disparage Magic Johnson or say anything derogatory towards people with HIV/AIDS. Maybe I picked a bad example, sure. I’m highly confident that every single millionaire and billionaire has spent more on health care than the average person.

    Honestly you are making some of my point for me. Yes, tremendous effort went into normalizing a deadly disease that was previously demonized as only afflicting “the gays” and “junkies” … By spending massive amounts of money, work that could not have happened without financial backing “everyone” up to that point didn’t see a reason to expend.

    Purely a philosophic question, Still no offense to Mr. Johnson, but would he have spent any of that time effort and money if he didn’t personally have HIV?


  • Apologies if you somehow missed the larger context of my post. I’m not trying to specifically bash Magic Johnson for his efforts expanding awareness of and research into HIV/AIDS, I’m trying to make a point that money literally buys time in this world.
    The comment I replied to is a line from a song simply stating “and all your money won’t another minute buy” and I pointed out an example of someone buying years of time with money.



  • That’s not how inflation works. “Worth” is a pretty variable term, “buying power” is typically a better description.
    Think of it like this, using somewhat made up numbers. In the 50s you could get a cup of coffee for 10 cents from a diner. That same cup of coffee in 2025 costs like 2.50 dollars. Is the coffee “worth” more in 2025? No, it’s the same 8oz cup of coffee but the money has less buying power




  • You did the thing you just complained about by not writing out 400,000,000 (400M) in relation to the 4,000,000,000,000 (4T)

    To scale that down, it’s like someone paying 400 from a net worth of 4,000,000 (4M), or 4 from a net worth of 40,000, they would barely even notice. Of course that’s ignoring all the details of revenue and profit vs net worth or actual tax rates, and I can’t be bothered to look those up.
    But imagine you own some land and a house that you bought for 4,000,000 (4M) that you have to pay property taxes on, and the taxes were 400 per year. That’s a 0.01% tax rate.

    Shit, now I actually want to know what the real numbers are. according to Finbox “Apple’s effective tax rate for fiscal years ending September 2020 to 2024 averaged 16.5%.” although I think that’s specifically income tax.

    Per macrotrends, apple profited 180,600,000,000 in 2024, from 391,035,000,000 revenue, a profit margin of ~45%, from which they payed 29,749,000,000 in taxes for an effective tax rate of 16.5% on the income.

    Relative to net worth valuation of ~3,800,000,000,000 at end of 2024 that income tax paid is 0.75% of their net worth.












  • IIUC the calculation of GDP doesn’t factor in whether the produced goods serve a human need - the system can in theory continue to optimize for ever-increasing GDP while every human on earth starves to death.

    There’s an old joke I remember about economists and the GDP.

    Two economists are walking through the jungle and come across a gigantic pile of lion scat. One turns to the other and said I’ll pay you 100$ to eat a bite of that shit.
    Being an economists and 100$ being worth a lot, the guy eats the shit and gets paid.
    A little while later they come across a pile of rhino dung. The now richer economist turns to the first and offers 100$ for him to take a bite out of this pile. 100$ is again a lot of money so he does it and eats the shit.
    As they’re walking along, both picking their teeth, one turns to the other and asks “did we both just eat shit for nothing?” And the other days “of course not, now the GDP of the jungle has increased by 200$!”