mircea_popescu: $ curl https://www.blockstream.com/2015/06/08/714/

mircea_popescu: Mr Warren BuffettMon, 4:48 am 4.5 KiB$5 MILLION USD DONATION FROM MR WARREN BUFFETT

mircea_popescu: e reported to the United States Internal Revenue Service. The first section of the chapter shows how the programs resemble government safety net programs, except that the marginal income tax rates from mortgage modification far exceed 100 percent in some instances.” It turned out that a person’s mortgage payments would be reduced by $1.31 for every $1 fall in income. In other words a lower-income American with a mo

mircea_popescu: "[Personal experience: I have taken on a recent high school grad (friend’s son) as an intern in my web development business. He was an above-average student in a Harvard University intro CS class and also completed AP Computer Science in high school plus an additional programming class. His current productivity is about 1/100th of a $25/hour Ukrainian or Filipino contract programmer so any wage+benefit package above ☟︎

mircea_popescu: er, even if someone were to offer the adults in the family a $160,000 per year job it would not be rational for them to accept it. If they were ever to lose that job it would take many years of paperwork, bureaucracy, and waiting lists to get back to their current welfare lifestyle."

mircea_popescu: me) in a building with a swimming pool, two gyms, and a variety of other luxurious facilities. Their health care is free through some combination of Medicaid, Obamacare, and a city-run health system. Their food is mostly free through food stamps. They can get cash from TANF and some similar programs. They would need to earn at least $160,000 per year pre-tax to obtain the same standard of living at market prices. Howev

mircea_popescu: "If you live in an expensive city and are acquainted with families collecting welfare the book confirms what you might have noticed, i.e., that it would be irrational for the adults in the family to enter the workforce. Here in Cambridge, Massachusetts, for example, the welfare families that I have spent the most time with occupy apartments with a market rent of about $4,500 per month ($54,000 per year in post-tax inco

mircea_popescu: e entered Congress in 1987 with a net worth of no more than $270,000 and then exited worth somewhere between $4 million and $17 million [...] alleged, unspecified “past misconduct” against an unnamed person to whom he agreed to pay $3.5 million to keep concealed.

mircea_popescu: to give me $$$ because i hired the most unfortunate people alive

mircea_popescu: "The terms are simple: you get the first $1,000 every new Luminati customer that you referred, spends with us."

mircea_popescu: gabriel_laddel i was replying to " you wouldn't shell over $100 for it?" strictly.

mircea_popescu: mkay. lemme explain something about markets to you. the sun is infinitely valuable, to the exclusion of all else. nobody (tm) would consider paying for it, and in no case would they pay anything close to fair value (why this is so should be thermodynamically obvious). meanwhile, ipads have no utility and go for hundreds by the million. on top of them, jackpot machine simulations sell for more $$$. ☟︎