Canaconda

Instead we have 30 versions of the same deep fried chicken sandwich.

iphone 5 was the last good iphone. Steve Jobs was right in that an every day carry device/tool should be fully operable one handed.

If RIM had innovated maybe we’d see physical keyboards with features that could compete with touchscreens. Like programable keys with digital displays for multiple languages. Maybe interchangeable or even customizable button layouts.

Social media, specifically video shorts, shifting us away from reading and writing is leaving us neurologically under stimulated.

On the flipside, I think the incentives for creativity/hard work have been eroded to the point that the outcomes don’t reflect the effort regardless of level.

Yea but what he means is that nobody is cutting power lines or driving trucks through walls yet.

Ya I hate that auto correct stopped asking for consent.

Donald Glover (real name) / Childish Gambino / Troy Barnes

The comedy set is called “Weirdo”.

https://www.youtube.com/watch?v=RxmJwSEs5fc

Such an under rated comedy set by DG. Maybe not under rated… just not as well known as it deserves to be.

historymemes@lemmy.world

Plato: “Man is a featherless biped”

A&M: “He’s too dangerous to be left aloud”

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Explorer. Always has been.

No, everyone forgets the https://en.wikipedia.org/wiki/Tulsa_race_massacre

lefty false nostalgia

I don’t know anyone left leaning who thinks that

Did depend on what race you were mind you.

Yup but it’s not just food production. Like every industry is like that. Churning and burning customers and workers alike.

Yea turns out when the demand is high enough companies can be absolute shit to their customers, employees, and suppliers while staying in business.

But how do they pay off the loan?

Often by selling the asset they bought with the loan - aka cashing out. They borrow to buy a property/business, make the loan payments with the rent/revenue, and then sell it for a profit without spending a dime of their own money. NOTE: They will pay taxes on the capital gains of the sale of that asset. But they won’t have paid income tax on the money they used to purchase the asset in the first place.

They eventually need some sort of cash of their own right?

They’ll open a line of credit against their portfolio… which is a loan where the minimum payment is just the interest. They can use that like cash for their daily expenses and they can pay it off whenever and it will be there when they need it like a credit card.

Do they literally borrow to pay off a loan and do that infinitely?

Yes. It’s called Return on Investment (ROI). You just need to borrow at a lower interest rate than the expected return plus expenses.

Billionares don’t own things directly. They own stakes in corporations/trusts/etc that own things. They often have a salary that they pay income tax on, but that salary is only a fraction of their true income.

Capital gains are only taxed when they’re realized. They don’t pay taxes when the value of their portfolios go up, just when they cash out. So instead they borrow against those portfolios and pay zero taxes.

Estate taxes are supposed to close this loop.

edit: Pokemon Cards are my go to analogy for capital gains. You can’t tax someone on how much their pokemon card collection is potentially worth on ebay. You can only tax the money they made from the sale.

Leopards Eating Punim

In Fable 2 when you purchase shops that earn you money it accrues in real time. If I plugged in my 360 I’d probably have 1,000,000,000,000,000,000,000 gold or something now haha