Recent submissions

Comment · 5 years ago
Most of the immigrants in the US are not authorized to be here.
Comment · 5 years ago
The scarcity is technically real, but practically pointless.

Every Bitcoin represents 100,000,000 tradable assets. If there are 30,000,000 Bitcoin in circulation that means there are 100,000,000x30,000,000 individual assets available to hold and trade. Do the math, and then realize that we’ll arrive at the heat death of the universe before Bitcoin is ever actually scarce.

Comment · 5 years ago
Don’t want to end up in a US prison for the obvious scam they’re running.
Comment · 5 years ago
Based on that chart, the effective tax rate is not near 42%. It actually appears to be closer to 31-35%, which is almost exactly what the $100k person in NYC would pay.

I think the issue that most non-US citizens fail to realize or comprehend is that most people in America don't pay any tax at all. The labor participation rate is 61.5% and then half of the people that do work still don't pay any effective taxes due to all the credits and deductions. A minority of earners support the entire tax base.

...and then, of course, we frivolously waste the revenue we do generate.

Comment · 5 years ago
Do you think someone earning $100,000 in NYC is not an ordinary person?
Comment · 5 years ago
That’s $125 billion over a decade. Less per year than the MTA spends on a single city.

You said it’s not a spending problem, but it sure seems like a spending problem, no?

Comment · 5 years ago
Comment · 5 years ago
Call it whatever you like. The MTA spends $17 billion per year.

And we get rickety subway service and piss stained stations that make you feel as if you’ve traveled in time back to the 80s.

How much does Germany spend per year on rail?

Comment · 5 years ago
The “Hey” email service toes the line well for me. I’d prefer all of my communications were based on a similar idea.
Comment · 5 years ago
Not a spending problem.

Proceeds to list things that we spend and invest unnecessarily on.

We have a subway system in NYC. Run by the MTA. A bloated and incompetent organization that needs a billion dollars to extend a subway line a single mile, and will routinely spend hundreds of millions of dollars on unnecessary bridge painting and other shenanigans.

There’s a reason we don’t have nice things, and it’s not because our taxes are too low.

Edit: It is actually $3.5 billion for a mile.

Comment · 5 years ago
Does physical violence not exist in your worldview?
Comment · 5 years ago
Taxes are already too high in NYC. A single adult in NYC with a $100k salary has an effective overall tax rate of 31.5%, and 9% of that is city and state.

Trying to raise the rates higher is insane. We have a spending problem, not an income problem.

Not to mention that the timing of this is just absurd. Everything that makes NYC great has been closed for a year. The next mayor wants people to pay more, but won’t commit to reopening the city? Why would the “rich” stay? Why would anyone stay? For the trash, and piss?

Comment · 5 years ago
No one said it had to be by force.
Comment · 5 years ago
Getting to the point where we’re going to need phone, email, and SMS to be deny all by default. Can’t reach me unless you’re information is already in my contacts.
Comment · 5 years ago
Even more absurd hyperbole. Countless? Executing? So many that it is impossible to count?

Link me some examples. There are so many that it cannot be counted, and so surely it should be easy for you to send me a dozen examples.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton