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Cake day: June 30th, 2024

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  • I want to note that you’d need about $143 in gross sales to meet the threshold of $100 in net profit.

    On the surface that sounds like a lot. But, they’re providing a service without any guarantee of any income. Epic can only compete because they’ve few users and are willing to operate at a near loss in attempt to garner market share.

    This will be a difficult one for others to understand as a “good deal”. Gamers are usually correct when they pull out their pitchforks. This should not be one of those times.







  • SirDerpy@lemmy.worldtoMicroblog Memes@lemmy.worldIt's a choice
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    2 months ago

    A mod deleted my comment and suggested I approach in a better way. I apologize for my presentation.

    You were righteously angry. And, it’s definitely not ethical for the other to respond to words with physical violence.

    I’m a multiple-minority with a strong sense of justice. I speak from experience when I say: We must pick our battles and means wisely, particularly since the orange baffoon emboldened a wide scope and magnitude of hatred.

    I wasn’t there. But, it seems almost certain this was not a wise battle for you to fight alone, perhaps at all. There’s almost certainly something you should learn from this. And, whatever it is to be learned, it’s definitely not to silence yourself and advocate others follow.

    If you tell us more and solicit others’ input then maybe there’s insight we could offer. And, if this isn’t a safe enough space to do that, PM me. I’ll share a place where such a post would be very well-received.







  • I mean the stock market is literally gambling

    I’ve a better record of success than the most successful poker players. Is it ten years of good luck or the consequences of effort and skill?

    The proposal is whether or not we should allow people to use unrealized gains to secure loans without having to pay taxes on said gains at the point of taking the loan.

    Thus locking out all non-corporate investors from margin, prerequisite to options, prerequisite to risk mitigation and gains enhancement. The average investor looses the freedom to do much more than DCA a fund.

    This would only occur if you’re worth more than 100 million.

    1. It’ll never be passed in such a way. Legislation always favors the corporate and wealthy as they’re the ones that write it. It’s most perverse in finance and investment. There’s been nothing favoring human investors since the breakup of Ma Bell.

    2. It’s totally inadequate to save the republic from the nearly-unmitigated, algorithmically-optimized capitalism that exists today. The biggest fish, corporations, would simply get bigger by eating their biggest threat: humans with a lot of resources, but not the most affluent.

    The stock market is a tool. It’s not the cause.

    TL;DR:

    The neolib’s proposal is crap.

    This isn’t:

    1. legislate away most of corporate personhood

    2. restore the Glass-Steagall Act

    3. repeal the Interstate Banking and Branching Efficiency Act