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Joined 2 years ago
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Cake day: July 10th, 2023

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  • No one is entitled to anyone’s inheritance. The ethics of the situation really depend on the details. Did one child look after the parents in their old age? Doe one child have more needs? Was there a promise to distribute everything evenly?

    If the only reason for exclusion is because one child has depression or anxiety and isn’t the smartest, then that sounds pretty ableist and shitty. If the person really can’t manage the money, why not set up a trust designed to help them out without just handing over lump sums of cash? The one case where exclusion makes sense is if they require long term in patient care since at least in the US, all your money is eaten up by the medical bills before you default to Medicare (unless you have a stupid amount of money and can pay out of pocket for premium care forever)


  • I mean, the technical buying and selling is easy but knowing what to buy and sell and how to time it isn’t obvious. Automatically buying low cost index funds is super easy and generally yields the best outcome for most consumer investors. Managing a balanced portfolio of B corps and the like without taking on too much risk and ending up broke is not trivial.

    Also, dividends don’t change the fact that buying stock isn’t investing in a business. Buying stocks is giving the previous owner of the stock some money and maintaining or increasing the value of the stock which impacts executive compensation.


  • You could literally put a house anywhere a couple hundred years ago, and all you needed to do was build it.

    I think you have to go back way more than a few hundred years for that.

    In the US there were programs that kinda sounded like that but it was just the US government trying to get working class white people to displace native people.

    In Europe wasn’t everything owned by nobles snd royals who demanded a cut of your labor? Could people just build a random house anywhere in ancient Rome or Greece?


  • Putting money in the stock market isn’t making it do something productive. It’s not like your average person is able to participate in IPOs and fund some new venture. If I buy shares of company, the company already got the money years ago; I’m just speculating that someone else will want to buy my shares for more in the future. And then if I buy stock in Shell Oil or United Healthcare, that’s pretty evil. But I also don’t have the time and skills to actively manage a portfolio to meet some bare minimum ethical standards.


  • Is there an ethical way to try and ensure that I will have food, shelter and medical care as I age? In the US we can’t depend on the government safety net. Everyone isn’t as able in their 60’s and 70’s as they were in their 30’s and 40’s, so assuming that I’ll be able to work and make a reasonable income the rest of my life is wildly optimistic. Anyone working at a job for 30+ years shouldn’t be stressed about survival but that’s not reality. Putting money in a savings account at a credit union is good but I don’t think that will move the needle. Any decent pension or retirement plan is gonna put money in the stock market. Even with passive investing in index funds, you’re on of the stock holders that fucks like that UHC CEO was trying to appease. Given the state of the economy in the US today, buying and renting a duplex, triplex or small apartment building might be less evil than owning random stocks.







  • The Washington Post got the What’s App transcripts and multiple participants confirming the content of the chat. They then asked the mayor’s office about it and the spokesperson said that the question was anti Semitic.

    Correction, they asked about the Zoom meeting (which they had the transcript and on the record participants):

    Asked about the Zoom meeting with chat group members, the mayor’s office did not address it directly, instead sharing a statement from deputy mayor Fabien Levy noting that New York police entered Columbia’s campus twice in response to “specific written requests” from university leadership. “Any suggestion that other considerations were involved in the decision-making process is completely false,” Levy said. He added, “The insinuation that Jewish donors secretly plotted to influence government operations is an all too familiar antisemitic trope that the Washington Post should be ashamed to ask about, let alone normalize in print.”




  • Most people don’t want this. Most people are one paycheck or emergency away from financial ruin. There is no social safety net and most workers have long hours, long commutes and not enough days off. No one can get off of the treadmill because they’ll end up homeless, starving or unable to get needed medical care.