NateNate60
@NateNate60@lemmy.world
- Comment on Uber Eats or something idk 1 week ago:
So what did you mean when you began your comment with “actually it’s the inverse”? Inverse of what?
- Comment on Uber Eats or something idk 1 week ago:
I’m a bit confused by what you’re trying to say here. It seems non sequitur if you are trying to say “borrowers of higher interest rate benefit less from inflation”.
- Comment on Uber Eats or something idk 1 week ago:
Your maths is not right. Inflation, in absolute terms, is a larger benefit to people with higher interest rates.
Let’s consider the scenario where inflation is 10% for simplicity, and two borrowers who each borrow $100, but Borrower A at 5% annual simple interest and Borrower B at 25% annual simple interest. Both borrowers borrow the money at the beginning of Year 0.
Borrower A owes $105 in Year 1 dollars at the beginning of Year 1. This is equivalent to $95.45 in Year 0 dollars.
Borrower B owes $125 in Year 1 dollars at the beginning of Year 1. This is equivalent to $113.64 in Year 0 dollars.
Compared to a 0% inflation rate, Borrower A saved 9.55 Year 0 dollars and Borrower B saved 11.36 Year 0 dollars. Borrower B saved 1.81 more Year 0 dollars than Borrower B due to inflation (but paid 17.55 Year 0 dollars more overall because of interest).
- Comment on Uber Eats or something idk 1 week ago:
Inflation reduces the real buying power of the money used to repay the loan by the inflation rate each year, regardless of your loan interest.
In absolute terms, inflation is better the higher your interest rate is, because the number of dollars it saves you goes up.
- Comment on [deleted] 4 weeks ago:
I think one other factor that people have not considered is the monitor. To run all games at 4K maximum settings, yes, this type of PC might be required. But at lower resolutions, such as 1080p or 1440p, this is overkill and one would be able to run any game as maximum settings even with a computer costing a third as much.
- Comment on First day of fifth grade 4 weeks ago:
Important distinction: A triangle is a three-sided polygon. For example, a quarter-circle is not a triangle, despite being a three-sided shape.
- Comment on Speak American 1 month ago:
I think you’re overthinking it slightly.
- French flag represents the language called "French"
- Spanish flag represents the language called "Spanish"
- Russian flag represents the language called "Russian"
- German flag represents the language called "German"
- Portuguese flag represents the language called "Portuguese"
- Japanese flag represents the language called "Japanese"
- Korean flag represents the language called "Korean"
- Chinese flag represents the language called "Chinese"
- Italian flag represents the language called "Italian"
- But somehow, the British flag doesn’t represent a language called “British”, but rather, one called “English”, despite there existing an English flag
- Comment on Speak American 1 month ago:
Scottish people having to click on a British flag knowing it will display English (there is a perfectly good flag for England that people refuse to use 🏴)
- Comment on Elon Musk Cuts Funding for Internet Archive 2 months ago:
- Comment on What is it about humans when society rewards individuals with the power of millions they want to use it to fuck up society? 2 months ago:
If the question is asking about Trump, Orban, Putin, or your other favourite dimwitted world leader, it’s because these people usually don’t actually want to fuck everything up. They want to make their country (or their notion of the groups of people they regard as their country) prosperous and glorious. But they’re just unable to take in the fact that their policies and leadership are actually leading them further away from this goal. It really is just a deadly combination of incompetence and inability to self-criticise.
In the case of Trump, who is a pre-eminent example of this, he really does think that tariffs will make the US richer. He is a moron, of course, but that’s what he thinks. He doesn’t “know” that tariffs will damage the American economy and America’s international reputation, because he doesn’t grasp the concept at all. Anyone who has observed his thinking for any period of time after he got into politics can observe that it is very feelings-driven and not very fact-based. And a lot of his government’s policy is also ego-driven, which explains why it is seemingly always falling for Russian propaganda and why he wants to be on good terms with Putin. Though Putin is no universal genius either, one thing that he is very good at, as a result of his KGB training, is manipulating others to get what he wants. It certainly does help Putin a lot that Trump is pretty easily manipulated. And as for Trump’s comments about wanting to take over Canada, take over Greenland, take over Panama, &c. &c., most non-US observers describe that as clear evidence of his mental decline. J. J. McCullough, a Canadian political commentator, described it as being “obvious” that Trump is “losing it”.
And ironically, since Joe Biden’s mental competence was called into question in the last US election, while Biden’s senility manifests mostly in the form of stutters, speech blunders, and random mostly-inert goofiness, Trump’s senility seems to manifest in a desire to take over the world and become God-emperor of Mankind, which is objectively more dangerous for a world leader.
- Comment on [deleted] 4 months ago:
There is no limit in the Constitution that prohibits individual US states from exchanging representatives with foreign countries or from expressing or sending support to them. However, there are some caveats, of course, and it’s a very nuanced area of law that has interesting implications:
- Accepting formal diplomatic representatives from another power is deemed under international law to mean recognising the independence and sovereignty of the power whose representatives you are accepting. Which essentially precludes formal diplomatic ties from consideration. This is why the US doesn’t accept diplomats from the Republic of China (a.k.a. Taiwan) and refuses official Taiwanese diplomatic and service passports, but is more than happy to accept “unofficial” representatives.
- Any representatives sent would not have the power to contract treaties as US states are not competent under US law to enter into treaties or make any other binding obligation to other countries. This is problematic because that means they can’t even do as much as rent an office space in another country without the involvement of the US federal government.
- The primary reasons that a country might consider hosting a diplomatic mission of a foreign power is so that they can (1) complain to the ambassador about that foreign power doing things that they don’t like, (2) so that the foreign power can issue passports and visas within the host country, (3) so that consular services can be provided by the foreign power to its citizens or subjects living within the host country, and (4) negotiate treaties. Since US states don’t really do anything abroad that can’t be handled or complained about through the US Department of State, and because US states don’t issue passports or visas, and because consular services to US citizens is already provided through the diplomatic missions of the United States, it is unnecessary for any country to consider hosting a US state diplomatic mission.
- Comment on [deleted] 5 months ago:
Cool post but how is this a shitpost
- Comment on Electoral politics doesn't get the job done 5 months ago:
The media will always exist and people will always base their decisions on the information they receive in the media. This is inevitable in any society with the degree of complexity we have today. It is just not possible to gather all the information ourselves about any but the most personal of topics. That is why free, unbiased, and independent media is an extremely important part of liberal electoral democracy. And for the greater part of the past two centuries, this is what we more or less had. Yes, major media outlets have always been somewhat controlled by the upper class (whether in the form of media companies or local media magnates), but until quite recently, most of them didn’t care about using those outlets as propaganda pieces; they just cared about continuing to collect their subscription money, which is likely the best-case scenario for privately owned for-profit media. It is astonishing that this system lasted as long as it did.
- Comment on Anon becomes a shrimp farmer 5 months ago:
Okay, you got me there. I’ll admit that’s a pretty good use for cryptocurrencies
- Comment on Anon becomes a shrimp farmer 5 months ago:
Blockchain is the perfect solution to none of life’s problems
- Comment on Amazon Artificially Discounting Items $0.01 Below the Free Shipping Limit 5 months ago:
Usually for used stuff eBay is way cheaper. And for many things, it doesn’t matter whether it is new or used.
- Comment on Benefit cheats could lose driving licences in anti-fraud drive 5 months ago:
Why not a community order?
This is such a strange punishment which is completely unconnected with the offence in question.
- Comment on What year is it 5 months ago:
5
4
3
2
1
0
Ouija board explodes and the lights start flickering. The front door slams shut and you can hear it locking.
- Comment on "Images of 'Saint Luigi Mangione, The patron saint of health care justice' have been making rounds on social media" 6 months ago:
Well, the Popeis the absolute sovereign dictator of Church dogma, so if he says tomorrow that Luigi is a saint, then all 1 billion Catholics worldwide must listen
- Comment on "Images of 'Saint Luigi Mangione, The patron saint of health care justice' have been making rounds on social media" 6 months ago:
Pope Frances has the opportunity to do the funniest thing here
- Comment on Two in one stupidish question- Debate about United Healthcare CEO and best place to have it 6 months ago:
As for your family discussion, generally it’s advised to avoid bringing up controversial topics because it almost never ends well.
That being said, I’ve found that the following statement is pretty universally agreeable:
Thompson led a company that was number one in the industry in denying coverage for routine and life-saving healthcare to people who had paid good money for and were legally entitled to coverage, meaning it’s almost certain that multiple people have died as a result of the policies he oversaw the execution of in the name of profit. So while I don’t condone murder as a method to solve problems with the healthcare system, it’s difficult for me to feel any sympathy for the victim.
- Comment on Is there anything Lemmy has more/better content for than Reddit and other mainstream sites? 6 months ago:
If you really like socialism this is the place to be
- Comment on I hate when a PC game is ONLY available on Epic Games store 7 months ago:
I think you’ve hit the nail on the head. Epic’s main selling point was it’s lower storefront fee (15% vs 30%, if I recall). It didn’t offer any other benefits for consumers and I think Epic realised rather quickly that the people who are actually supposed to be paying money for all of this are the buyers and not the sellers, and thus they’ve resorted to strategies like making games “exclusive” or trying to bribe players with free games.
- Comment on Anon thinks the French are posers 7 months ago:
You could, however, accurately say that a French family founded the modern British monarchy. That much is still true. The UK royal family can still trace its lineage directly to William the Conqueror.
- Comment on Do the ultra-rich consume popular media? 7 months ago:
The fact that Musk and friends are always complaining about it seems to indicate that they are.
- Comment on Is the Robert Reich mastodon account actually run by Robert Reich? 7 months ago:
Well, Trump seemingly had the time to send out a hundred tweets a week while still being president of the United States so I wouldn’t discount it.
- Submitted 7 months ago to [deleted] | 4 comments
- Comment on If the EU uses online signature for European Citizen's Initiative, why isn't voting online for elections or policies not allowed? 7 months ago:
An xkcd becomes a classic when people use it a lot.
- Comment on How do Americans win their country back? 8 months ago:
I have to agree with you there. I think the Democratic Party was scared of inviting infighting with a primary contest which Harris would probably win anyway, but you’re right—Harris had no mandate from the party membership and even a lightning-round primary conducted online would have been better.
- Comment on How do Americans win their country back? 8 months ago:
I think I phrased my comment wrong on this. It doesn’t ban the act of gerrymandering, it bans the results of gerrymandering. Gerrymandered maps would need to be redrawn had the bill been enacted.
This bill was no slouch. It directly abridged several states’ voter suppression laws. Had the bill passed, the next phase would have been people being able to use the federal courts to strike back against these incompatible laws.
That being said, if you were the leader of the Democratic Party, what would you have done? Not intended as rhetorical snark, I’m just curious as to what other ideas there are.
