star_wraith [he/him]

  • 62 Posts
  • 1.13K Comments
Joined 5 years ago
cake
Cake day: August 2nd, 2020

help-circle








  • I think there’s plenty of “serious” podcasts. To name a few: Already Existing Socialism, Cosmopod, The Measures Taken, Rev Left, Varn Vlog. But I do lots of others than are not explicitly commie, like Means Morning News, Electronic Intifada (my kid asks really good questions about Gaza), Red Nation, Citations Needed, Macro & Cheese, and others.

    But like Frank said, I’m not too worried about the crass factor too much. I don’t listen to TrueAnon or Chapo. Deprogram I think is more or less fine. I’ve already played Trillbillies for them and my kid loves them honestly. I think my kid picks up on the fact they are friends and that they have a nice conversational style to them.





  • And on top of that, they can always write down the value further due to “impairment” like obsolescence. For example, maybe a specific missile costs $1 million and it is straight-line depreciated for 5 years. After 3 years the book value is $400k. However, they can just say “we have a new missile that’s better so this old missile is obsolete, the value should only be $100k” then they can write down the book value even further.

    Also, if they use FIFO inventory accounting, only the oldest stuff on record is used EVEN IF IT ISN’T physically the oldest stock. So if the costs of the equipment get more expensive every year then what’s counted as being given to Ukraine has the lowest value, even if in real terms they are giving them the newest stock.


  • 8.9k upvotes. If there was ever a comment that convinced me Reddit is astroturfed / an op, this is it. Because they are objectively wrong. Or at least intentionally misleading.

    They’re focusing on the fact that the valuation equipment changed and ignoring what that actually means. Sure, by itself it doesn’t affect US taxpayers. But the point is, the military says they overvalued it by $2, so that allows them to send $2 billion more worth of equipment. That’s additional stocks of weapons that ostensibly have to be replaced, which is paid for by tax dollars.

    And while it’s not provably corrupt, it strains credulity to think this was not done in order to ship more weapons. Revaluations of this kind are much much more likely because someone wants it revalued, i.e. corruption.





  • Because the market processes all information at a speed that makes regularly beating the market impossible; and literally every investor on earth is looking for an “edge” at the same time. The stock market is “efficient” from the standpoint of, any profit you can make by trading on new information vaporizes in a nanosecond.

    I use quotes around the word “efficient” because I’m NOT implying the stock market is efficient from a Marxist or resource allocation perspective. Just that today’s stock prices reflect the sum of all information that we have about a given stock up to the moment.

    The outperformance of index funds is largely due to their lower expenses and the fact that money managers, just by trying to beat the market, often do the wrong thing.





  • grossly mismanaged the pandemic (killing a lot of people), did horrible stuff for the environment, passed a bunch of shit laws, including repealing net neutrality, deported a bunch of ppl for no reason, and he supports isreal

    All that is literally and precisely what Biden has done, too (except net neutrality I guess, but you’re also leaving out Biden signing off on the biggest expansion of the surveillance state since the Patriot Act).

    He fucked over queer people in the us

    Lots of queer people on Hexbear, ask them if the barest crumbs Democrats throw to queer people (i.e. doing nothing to stop anti-queer actions, but not being the ones to propose the laws) is worth supporting genocide.

    increased the federal debt by 7 trillion

    Imaginary number doesn’t matter.

    You seem well-meaning, so let me put my cards on the table: I don’t believe in validating the invalid dictatorship of the bourgeoisie by voting for anything beyond the local school board and various propositions, so it’s not like I’d be voting for Biden anyway. But what I don’t get about when libs push leftists to vote for Biden is… at what point does someone committing heinous acts mean that not voting for them is the only moral action? If Joe Biden murdered my daughter, would I not be in the right to say I wouldn’t vote for him? Even if in this weird scenario Trump also would have murdered my daughter… at what point do we measure someone by what they do and not what the other person would have done? And it doesn’t matter if my kid isn’t actually involved, I have seen enough death and sadness from parents and children in Gaza that the fact that it’s not my kid is totally and completely immaterial to me.