wildncrazyguy138

u/wildncrazyguy138@fedia.io
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I think the key pieces of information we’re missing here is how old are you and how life changing is this money for you.

If you’re young and poor, sock away about 2/3 of it in an index fund and 1/3 in a high interest savings. Take out loans and go chase that dream bro. Use the 1/3 in savings to cover your life expenses.

If you’re mid life and poor, use it to bolster your retirement. Defer the dream but chase it once you’re comfortable.

If you’re late life and poor, take lessons from a good tutor, don’t go for the Bach. Use it to subsidize Social security. Consider moving to a cheap country where that kind of money will support you for many years.

If you’re old and well off enough - go self actualize. Time truly is the scarcest resource.

But it wasn’t all bad news. In some respects, AI can be a useful tool in completing repetitive tasks, statistical support and stress testing ideas, Sinitskiy said the research revealed.

“The point is AI can do really important things, but you need to know what kind of things it can do, and you need to run it properly,” he said. “That’s what I’m teaching students in my courses to do.”

A drop in the bucket compared to the actual tax burden. He’d have to do that 25 times more.

On the flip side, if he just did it three times more and instead funneled that money to something helpful, he could solve the entire homelessness crisis in San Francisco for a year. Do it for three years and he’d still be way ahead in comparison to the tax, and likely salvage his reputation in the process.

on 14,000 ft up · c/paramotor · 3 pts · 22d

Used to see y’all around tater hill in NC, but haven’t seen or heard ya in a while. I hope that’s still a thing around here.

Anyway, what a beautiful view. I have fond memories of that sea of clouds aesthetic. What’s the temperature at 14k feet?

Looks like a decent face rest for viewing the 3D graphics, but I’d encourage you to add some padding, particularly around the chin area.

Use it as the seed money to get one of those bank accounts that give you $250-500 after 90 days. Some do come with some strings attached like setting up a direct deposit.

Close the account sometime after you no longer want it. Rinse and repeat a few times a year.

That’s potentially a 50% return on investment, better than any other return you will likely get.

I did it a few times back 10+ years ago and It helped to fund a trip for me.

Historical consequences of a wealth tax:

Country Outcome Key Effects Status
France Low revenue, capital flight Millionaire emigration; investment decline Repealed (2017)
Sweden Avoidance, offshore assets Wealth moved abroad Repealed (2007)
Denmark Distorted savings High admin cost Repealed (1997)
Germany Legal + admin issues Hard-to-value assets Suspended (1997)
Norway Still active Some relocation; moderate revenue Active
Netherlands, Austria, Finland, Iceland Similar issues Low yield, high avoidance Repealed

In other words, it’s just bad tax policy, hard to track and introduces administrative burden, and encourages further obfuscation. Alternative: Income tax reform is a better solution.