Kaizyn
Joined 19 years ago
Joined 19 years ago
In a democracy, the public could vote to do something that would be considered wrong such as stripping voting rights from everyone who likes country music. And with majority rule, that would pass and become law of the land.
In a republic like ours, the constitution governs what can and cannot be enacted by the majority. Since such an act would take away guaranteed minority rights, the constitution prevents the majority from doing something like that.
Nearly all the problems can be traced back to where politicians are ignoring the constitution in part or in full and thereby eroding the public protections built into the republic.
The closest thing to a source repo is this from many years ago: https://github.com/wting/hackernews
After spending a lot of time trying to find resources to get up to speed on this networks domain for work, those are the best resources I've found.
It is not very different than the political handling of man-made global warming. The solution is for affluent nations like the US to reduce its standard of living and cede more control to international bodies. We can debate the merits of the science all we want, but the solution put forward promotes a pre-determined political agenda.
We're seeing the same type of thing starting now with the talk of the automation crunch. Ideas like UBI are declared the solution and a shift to greater reliance on government because we will all soon be unable to have good enough jobs to look after ourselves.
I am starting to think the best investment possible is in your own business/company. That way there is a direct correlation between what you can control and what you put in to what you earn back out. Obviously you can't predict what the future will hold, but you at least can manage your endeavor prudently so as to better minimise damage in the face of bad circumstances.
Index funds are low cost to run, have a low capital requirement, require little to no active management, are highly-diversified, and get a fairly good rate of return. As a default option of 'do nothing and some money comes in', that's hard to compete with.
A money market account is safe and leaves your liquid assets in a state where you can get them easily. The downside is a poor rate of return.
Tax-exempt bonds (local, state or federal) are an attractive option provided that the rate of inflation doesn't exceed your rate of return or reduce it to effectively nil.
Another sensible option would be to pay off any debts you have. Your income is your best way to grow wealth, and every dollar you pay in interest is a dollar taken away from your future earnings. Even though this isn't as exciting an option as putting your money in the stock market, this might be your best bet longer-term.
If you have no debt, then the $50k would go a long way towards a down payment on a home - that way you can stop paying rent, which is another source of wasted earnings.
North America
A traveler came upon an old farmer hoeing in his field beside the road. Eager to rest his feet, the wanderer hailed the countryman, who seemed happy enough to straighten his back and talk for a moment. "What sort of people live in the next town?" asked the stranger.
"What were the people like where you've come from?" replied the farmer, answering the question with another question.
"They were a bad lot. Troublemakers all, and lazy too. The most selfish people in the world, and not a one of them to be trusted. I'm happy to be leaving the scoundrels."
"Is that so?" replied the old farmer. "Well, I'm afraid that you'll find the same sort in the next town.
Disappointed, the traveler trudged on his way, and the farmer returned to his work.
Some time later another stranger, coming from the same direction, hailed the farmer, and they stopped to talk. "What sort of people live in the next town?" he asked.
"What were the people like where you've come from?" replied the farmer once again.
"They were the best people in the world. Hard working, honest, and friendly. I'm sorry to be leaving them."
"Fear not," said the farmer. "You'll find the same sort in the next town."
Source: http://www.pitt.edu/~dash/traveltales.html#twotravelersandfa...