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business	It's not just how Silicon Valley works "now" - it's EXACTLY the 'business model' that was used in the 90s in the first .com bubble. Sites like [pets.com](https://pets.com), (RIP, 1999-2000) sold pet food for less than they paid for it, and incinerated $300M of investor money in something like 6mo before blowing up, [d...
business	Not necessarily - the market for pet supplies and diapers are both likely to be tightly controlled by existing wholesale deals, ones that require pricing to be higher than those sites sell products for. Their only model was to "acquire" customers by advertising promo pricing as normal pricing...then slowly lose those ...
business	Suppose refrigerators were $400 to buy at wholesale and they borrowed money to be able to buy them to re-sell, paying themselves a dividend on the "profit" of selling them, but still owing the original base cost and still paying back on those? Would they say "the cost of refrigerators we financed are killing us", as if...
business	Pensions are funded based on historical interest rates. When the plan was established, the liability was projected to be much lower than it actually ended up being because the economy crashed and the federal interest rate has been unusually low for a decade. It's sort of like adjustable rate mortgages. The banker guy ...
business	I agree with and understand what you’re saying, but that’s horseshit. The economy is one of several unknowns in finance. You prepare for it. I’ll be sure to reach out to the electric company after I retire and tell them my investments didn’t perform as well as I expected. They’re going to need to help me out with my li...
business	Heck no, I wasn't saying that their obligations should be forgiven. All I was saying was that keeping the federal interest rate so low for so long is having some knock on effects in some sectors of the economy, and defined benefits programs are getting hammered by it. Like how everyone hated predatory mortgage compani...
business	It is indeed, in hindsight, horse shit. I think with defined benefits programs being so tightly regulated, people got complacent and this caught everyone by surprise. My state's public pensions system is having the same problem, compounded by a governor who swept it under the rug and pushed payments into the future so...
business	I simply don't agree. If the people who did this did something criminal, then go after them criminally. But otherwise it's just business as usual, and certainly not a surprise. There's been operation for years with someone pocketing money who knew this was a standing issue. If the company is still in business and canno...
business	I don't disagree with the only-cash thing for payment from businesses, though I do support Social Security and other safety nets. But I don't agree that it means that businesses can get out of obligations they made. Let the retirees own the business. We wouldn't be having this discussion if it was a chief executive who...
business	A company doesn't have incentives; legal personhood notwithstanding, companies are not people nor thinking entities. Employees have incentives. Companies have a responsibility to their owners, and at the point where the company can't pay the retirees, it should transfer control to the retirees and let them at least hav...
business	Social Security is the sort of thing that I'm talking about. it's not run by companies at all... one solution could be to roll all of those pension plans into SS. No idea of the feasibility of such a program, but... the point being that we shouldn't be held hostage to the mistakes of the past. That, and we shouldn't l...
business	Pension Benefit Guaranty Corporation The Pension Benefit Guaranty Corporation (PBGC) is a United States "federally chartered corporation" created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide ...
business	I think society should just agree it's reliably there for all seniors, in effect acting as a backstop here. But, that said, an agreement is an agreement. The same company would probably defend to the death the need to pay golden parachutes. The idea that the people who made this promise could just offload the responsib...
business	> And if you think about it, how crazy is it to expect individuals with their 401k’s to make sound investments and plan for retirement when multi million dollar corporations can’t seem to do it. I don't agree with that. The right strategy for investing is literally a single Google search away. I find that people d...
business	See that’s a bad way of thinking. Yes a person can do very well picking a sector they think will do well and invest in it. And everyone knows some uncle who did that and did well. But the ones who tried the same thing and failed generally are going to be less chatty about it or merely talk about their successes. ...
business	Except pension funds need a guaranteed rate of return, if you gamble it in stock funds and the market drops you have negative value. That was the whole point of separating funds like pensions and social security from investment funds like 401k. I knew people who retired in 1999, and had all their 401k in tech stocks. T...
business	I can speak for one business: mine. Unemployment will go up 100%. 4 people affected. We're barely breaking even as it is. I work a full time salaried job which allows me to sustain my retail shop at a $1k/month loss. I opened the store to help keep local folks employed and provide a shopping experience that otherwise...
business	You are aware that minimum wage isn’t sustainable for meeting basic needs in your locale even with the increase, correct? It sucks that you’re losing money, but if you can’t afford to pay the most basic salary the government has assessed your community members need to live, then perhaps find another line of work. I f...
business	If you really felt bad for them, you would be paying them enough to afford rent and food. At this point you feel bad for yourself and you are trying to transfer the blame to the labor force who is begging for scraps right now. You had the choice to open a business or not; most people who are working for minimum wage di...
business	I actually don't feel bad for myself at all. I have a full time job that has afforded me to sustain a loss for the store over the past few years. Instead of spending my disposable income on useless luxury goods, I chose to open a specialty store in a community that was lacking one and employ a few people who are fans o...
business	I'm not even vegan but I try to purchase from the vegan section when I can for 3 reasons: 1. You can't feed 7B people on an 'American' animal-based diet. Eventually we'll have to switch to something else because dairy, poultry, meet, pork will be too expensive. 2. The more we consume vegan foods, the cheaper...
business	Ironically because Americans are so fat and traditionally with unhealthy diets, it’s caused Americans to also be very educated on health beyond anywhere else I’ve ever seen. When I lived years in Europe while everyone was generally healthier I don’t think I met people who understood the science and reasonings as well a...
business	Also from that same backdrop, I think it causes people to conflate the inherent healthiness of the diet (say, avoiding animal products or meat) with the effect of having to be so thoughtful of what you eat. A non-vegan, non-vegetarian who took as much time to read and understand the ingredients of their food as a vega...
business	> You can't feed 7B people on an 'American' animal-based diet. Eventually we'll have to switch to something else because dairy, poultry, meet, pork will be too expensive. I don't think there's any conclusive reasons on why this is the case. The population isn't fixed at 7 billion people with x amount of production ...
business	Make it taste better than meat, be healthier, and cost effective, and meat will be doomed. A lot of meat substitutes these days are already pretty good, and I've significantly reduced my meat consumption in the last 5 years. However I think vegan/vegetarian substitutes need to be more competitive on price to really ove...
business	I agree. For instance there can be endless debate on the paleo diet. If you go down that path you WILL become more healthy. No whether or not cutting out butter is necessary is sort of besides the point. It puts people on a path the be very observant and aware of what they are eating and what’s in their food. It forces...
business	> Yeah except your premise is flawed because for example there is no dietary cholesterol in plant-based diets But dietary cholesterol isn't inherently bad. For example, Colorado State University extension [says](http://extension.colostate.edu/topic-areas/nutrition-food-safety-health/dietary-fat-and-cholesterol-9-31...
business	It is not easy to accidentally get saturated fat in a plant-based diet. I use coconut MCT oil to get some saturated fat, but it doesn’t appear accidentally. There is no doubt that non-vegan diets generally contain MUCH more saturated fat than vegan diets. Putting that aside, you haven’t seemed to consider the fact t...
business	The reason I use the word "inherently" is to get around the very biases that I mentioned initially. If the population of vegans is biased in some way compared to the population of omnivores for some reason, like due to the fact that they have to read the labels and due to the selection bias that they are almost all a s...
business	Again, this kind of analysis simply projects outwards by assuming constants like the fact land is a fixed constant. It doesn't take into account the possibility, say, that you could have a 5-story facility growing corn for feed so that you get 5x the produce yield from a single acre and reduce the growing cycle. The re...
business	Oxford dictionary lists "diet" as meaning "the kinds of food that a person, animal, or community habitually eats" and its example sentence/phrase is "a vegetarian diet". It's normal and common English usage to precede the word "diet" with an adjective describing a group of people or philosophy in the same way that we c...
business	Any kind of forecast analysis needs a base and variables to modify for future projections. That's obvious. In your case, you're just making shit up and 'forecasting' that in 10 years time we've solved every major issue with industrial livestock production: from CO2 emissions, to land, antibiotic and water issues. Y...
business	I'm not making any claim here. You're the one that proposed the claim that we can't feed the global population given continued growth, the burden of proof is on your end to prove this claim. I am refuting your limitations based on the existence of alternatives to current practices. Saying that industrial dense indoor ...
business	> Your link only focused on mortality from cardiovascular studies (and it actually states that there is modest improvement with a vegetarian diet) hence the selection and confirmation bias. It's all cause mortality, [Figure 2](http://imgur.com/WgSrBJa). *Data from observational studies indicates that there is mod...
business	The only evidence provided from the link is purely backwards looking data, which again, only looks at current state and projects forward using it. The validity of forecasting with a static model on something that is dynamic is extremely flawed, which is why I've stated and will re-state that this is the same kind of fl...
business	> Atherosclerosis affects only herbivores. Dogs, cats, tigers, and lions can be saturated with fat and cholesterol, and atherosclerotic plaques do not develop (1, 2). The only way to produce atherosclerosis in a carnivore is to take out the thyroid gland; then, for some reason, saturated fat and cholesterol have the...
business	All I said was that you can't feed 7B people on an American diet. That's today. That's true. Then you put on your "smart cap" and presented no evidence, trends or actual forecast whatsoever and said that in the future new technology will save us. It might. But then again it might not. We might solve land issues. Bu...
business	> All I said was that you can't feed 7B people on an American diet. That's today. That's true. Either you look at today with current consumption + production, or you look at the future and scale up production accordingly. You can't create a hypothetical scenario where you suddenly have 7B people consuming like Amer...
business	> You’re attempting to refute the claim backed up by actual data Lets break this down because I'm not sure you understand how data works. I don't disagree with the existence of the data itself, I'm sure they did their due diligence in gathering the data. My concern is with how they're using the data. In a hyperbo...
business	You're going to need to use more precise language and points if you want to talk about meat production's impact on the environment. Yes, these are complex topics that span from land & water constraints, sulfur and nitrate degradation and scarcity, to greenhouse gases. Each of these issues can be tackled on an indi...
business	My point was that ignoring a common ingredient, whether rationally or not, forces you to be more aware of everything that you are eating, which is a major factor in whether you eat healthy. That awareness is what I mean by being "educated". They are educated by having to read and comprehend every ingredient list and as...
business	This might sound a bit rude, but it's not meant as an insult: the studies are cherry picked and mostly looking at isolated biomarkers. I've linked some systematic reviews where available and tried to expand on the actual issues where possible. CANCER: > [Adolescents who consume dairy have a 3x increased risk o...
business	If you want to dive into the analogy, I'd say it's fairly apt considering how the change would be about as reversible as attaching a prosthetic. You can re-apply something in place of the arm, but it's not going to be the same. If you halt all beef production for 1-2 generations, the culture and dietary habits of peop...
business	You can't tell me that they won't find a way to remove the bottleneck. The traditional car makers are extremely good fixing inefficiencies in their manufacturing processes. They are also very efficient at responding to market demand. They aren't "planning" large volumes, but if the market demands it you can bet t...
business	The solar roof tiles were just a trick to get shareholders to approve of the SolarCity bailout. In the two years since they have not installed any, have produced no test data to indicate that they are researching it, and have made no announcements about when they will start installing them. But, in true Tesla fashion,...
business	> The solar roof tiles were just a trick to get shareholders to approve of the SolarCity bailout. In the two years since they have not installed any, have produced no test data to indicate that they are researching it, and have made no announcements about when they will start installing them. Well this seems catego...
business	What I am saying is if you had a perfectly designed vegan diet that brings together a host of different plants and food stuff's from all around the world then you can have close to a normal nutrient intake. But (as with normal diets) vegans tend to buy vegan stuff and not consider what nutrients they are or are not g...
business	> Vitamin B12 is found naturally only in animal products. This is 100% false. B12 does not come from animals or plants. It comes from bacteria. It's abundant in a lot of animal products because farm animals are typically fed supplements, which you can supplement yourself. Also pretty much every plant milk is fortif...
business	Plant milk Plant milk has been consumed for centuries in various cultures, both as a regular drink (such as the Spanish horchata) and as a substitute for dairy milk. The most popular varieties are soy milk, almond milk, rice milk and coconut milk. The protein content varies. It contains no lactose or cholesterol, ...
business	The issue is that wages are socialized in capitalism because they are largely based on what your peers are earning/willing to accept not company demand (there are obviously exceptions, the article pointed out Google during a hiring boom). Capitalism applies to the product because its price is determined by demand, not ...
business	I mean freelancers to an even greater degree. Freelance from project to project so the value you specifically add (assuming your work is of a higher quality) creates more demand for yourself. The labor market for a very particular set of skills acquired over a long career, skills that make someone a nightmare for a pro...
business	> You're going to have to charge more to account for the time you spend negotiating with clients Websites like upwork.com display your project history on your profile & give employers access to your track record. Individuals have access to rate info of the tier (& all other tiers) filled with peers of simil...
business	I'm one of those people. The reason is that increased competition is often more beneficial than regulation, and increased regulation often stunts competition. In most situations where there are high prices, poor service, or shitty treatment, if you dig below the surface you'll find there is some legal barrier that lim...
business	I see no problem with CEOs discussing wages & labor market with their peers in the community of CEOs. On the flip side of this coin, I also see no problem with employees sharing information about their salary with other employees, or with the community of others in the work force. That being said, I have no proble...
business	I know my experience is not everyone's experience with freelancing, but I'm actually more scared of being employed full-time at one place and having all my eggs in one basket. If you are willingly freelancing, and not just doing it between jobs, then it's a top priority to create a good service model. You have to wor...
business	Do you know Jack Ma? &#x200B; He said many stuff but he act differently. &#x200B; He said he would go philanthropy, but to avoid tax, he set up trust in Singapore and transfer 20+ billions worth of share tax free to tax heaven. &#x200B; He said he don't like fame, but he made himself a movie as hero t...
business	Yes, thats why standards of living has been in an all time high since China stole all those jobs. China does the goods, the US designs and sells them, idiot. Thats why there has been an increase in white collar jobs and in the service industry. Not to mention that China manufactures globally, even if americans are wil...
business	Apple is one of the big companies that were explicltly exempted from most of these tariffs, so your theory doesn't really hold up: https://www.cnbc.com/2018/09/18/apples-tim-cook-says-its-not-really-great-to-tariff-apple-products.html The tariffs have nothing to do with intentionally punishing American companies, Trum...
business	> Apple is one of the big companies that were explicltly exempted from most of these tariffs, so your theory doesn't really hold up: The article says SOME not ALL apple products are exempt. Your statements are false. You didn't read the article, per usual. >Trump just wants to punish China because he doesn't un...
business	I feel like Evernote fell into the trap of 1. experiencing success 2. drawing attention from investors 3. creating this massive vision that isn't exactly core to their product offering to get $ from said investors 4. hiring tons of people to try and realize that vision 5. not being able to execute and as a result move...
business	Well, a vast majority of jobs -- especially in the tech industry -- are about creating new things, adding features, etc. To support that, you need to.. create new features and add stuff to your product. If you have a stable product, and no need to adapt or add features.. you will eventually be replaced by the guy t...
business	This is what happens when companies keep raising money instead of going public earlier. I believe Microsoft and Amazon went public when they had like a $5million valuation. Now companies aren’t going public until they have a $20BN valuation, which means they somehow have to justify a future $100BN valuation in order ...
business	Not every app needs a ton of new features. Many apps just need to do what they do well and slowly improve things. Often, adding more features (read bloat) is negative, not positive. I still use Notepad for many tasks because it does what it does well. I also use Notepad++ as it does other things well. If Notepad start...
business	I can’t speak to other but I’m sure many have been inspired by his antics and because he basically asked the rest of the word to move on from the US. I know several of the EU trade deals have been in the works for years because everyone wants to get one in place. I know Canada and China have been working on a few for y...
business	You keep the W9 and you fill out the 1099 and mail to them. 1099 forms come in duplicates with one copy going to the vendor, one to the IRS and you retain one copy. You also send the IRS a 1096 form which is a summary of all the 1099 details. These forms are available in all office supply stores starting around Janua...
business	Thanks for referring me this. . But i am going to do all the transactions to freelancers via PayPal. And I think that is for what paypal is made for. The freelancers will directly request me for the payment via "Invoice Paypal" and then I will accept it and send the money directly. So in this way paying tax and con...
business	You are confusing him with the business. There have been presidents and chairmen of corporations who have served for free, and yet those organizations have brought m/billions. You need to separate out the person from the business. The title is theirs, the article is theirs, they both refer to the operation. Edit: Now ...
business	> Like iPhone? No, like every other consumer packaged product, building material, and manufactured good. "Made in China" is not a stamp of success. I can't tell if you're actually dumb or just being disingenuous. >Japanese had the reputation for low quality at the start of the century No, they did not. This...
business	Tax lawyer here. I'm sure the issue is the user's confusion with terms "corporation" and "partnership." Despite the words being the same, they're used for two completely different concepts. One use is to refer to "state registered entities for liability shielding purposes" and another use is for "federal tax classific...
business	Tax lawyer here. Sounds like the issue is a confusion with terms "corporation" and "partnership." Despite the words being the same, they're used for two completely different concepts. One use is to refer to "state registered entities for liability shielding purposes" and another use is for "federal tax classification....
business	Tbh I'm not sure how the business side of doing that works exactly. You definitely keep it going as long as you're producing episodes of the show. It's done to shield the actual production company and producers and directors and such from any legal blowback. I am the writer/development idea guy. Not the paperwork/bus...
business	Technically you have to fill out a form to dissolve them once youve completed using the LLC. However I'm sure some folks just don't pay the renewal and as per the rules after a short while you no longer have rights to that company. And you may owe the government money for those missed payments depending on who is the ...
business	I have no evidence to back this up, but I believe it would be the second one (transfer ownership). The very nature of the LLC is to limit liability. Once production is done, I’m going to assume the liability risk is drastically reduced, even though the residual value remains. Therefore, there’s probably some short t...
business	Business entities don’t expire. You have to keep paying taxes and fees, but typically aside from income tax, this is a few hundred bucks a year. If you want to shut down a company, even a shell, you need to file paperwork with the state. You should not just decide to stop paying the upkeep fees, as those are taxes, and...
business	I imagine they would keep it alive until the series ends it's tv run in case they get an order for more episodes, but keep in mind I worked development in reality pre-streaming (even though I told them it was the future and tried to get them to heavily invest in a streaming future in 2007 by working a deal with Microso...
business	This is the entire reason I haven't switched from Pandora. I just get in my car, my phone automatically syncs with my cars blue tooth, and then the car automatically tells my phone to launch Pandora. I do nothing. Plus, I can thumb up/down/view song/album details on my cars screen and the next song buttons on my steeri...
business	Since this is /r/business, I’ll cite business attire. Gucci, Valentino, designer brands all make mens dress shoes, they’re usually at least $1000, but most are a bit more. They are often finished in such a way that, to get the look the designers want, often have the edges of the soles trimmed in, and flashy shoe bott...
business	Quality is just a tiny part of the equation for a clothing brand. Style and perceived image are orders of magnitude more important. For a simple cotton T shirt, there's always going to be a bottom barrel version that fits weird and will fall apart after a few wash cycles, but go just slightly above that quality level...
business	I'll happily second Allen Edmonds. I would be hard pressed to buy anything else. They are incredibly durable. I have some that are 15 years old and still look new. A little polish occasionally, a re-sole if needed (1 in that time). They are bulletproof. The cut is considered more American (made in Wisconsin, I th...
business	I'm sorry but Bill Gates has tech that changes with every guest in his house. Wealth brings on different interests. The quality behind those fashion institutions is why they're famous. They're not famous because show offs bought them from videos, they're famous because Louis Vuitoon make a god damn bag that will last y...
business	I’d say there’s an obvious balance everyone wants. I say this as an owner of 8 or so pairs of AE. I have a few Gucci loafers as well though and they are by far the most stylish and complimented. AE, in my opinion, often lacks originality you’d expect 400 dollar shoes to cost while the Guccis are all of that. Alden is g...
business	Wow. Fascinating, thanks for that glimpse into that world. One thing I'll say about Gucci is that what i noticed is lot of their stuff have the word "GUCCI" printed in huge letters right across the item and to me that screams attention rather than actual quality. Coming from China, I've seen lot of rich chinese/asian p...
business	I destroy Levi jeans in months... I buy mostly 7 for All Mankind, PRPS, or artisanish japanese selvedge because of two reason: they're more durable and are substantially more comfortable. I did the math and they came slightly over Levi's on cost per wear, but the feel so much better. Luxury items in general (not alway...
business	> The quality behind those fashion institutions is why they're famous. Bullshit. Nobody buys Gucci for the quality, in fact designer labels are generally specifically not designed with long wear life in mind for the simple reason that people who concern themselves with designer labels are the same people who conc...
business	This is the correct answer, there are true high end brands that are of high quality. They are almost never the well known brands you think of when you think of luxury brands. I just wanted to add a few notes. When you say last 30 years, that's 30 years with maintenance. The soles will wear out, it is just the natur...
business	Fashion is what they sell you - style is what you have. To think that the world collectively thinks according to your personal narrative is arrogant and gross. Here I am acknowledging that I believe that there are people who buy designer goods for the label while other buy for the quality of the goods and you're nega...
business	You can combine them in the order that they appear. It may, however, be a bit complex and hard for the market to identify with. People are more likely to remember and associate with brands that have appealing, short, memorable, and pronuncable names. &#x200B; I am actually thinking that you can name your company ...
business	From the bank's perspective, they will keep savings as low as they can get away with. That money is "free" to them which massively inflates their net interest margin. They will only adjust when a significant portion of their customer base starts moving their money out of savings and into better yielding instruments. I...
business	All the major banks (eg Bank of America) are currently at 0.01% interest on their savings rate, so 0.1% in comparison is actually generous. Other than that, you're right. Other than an emergency fund, you shouldn't have any money in your savings account. https://www.valuepenguin.com/average-savings-account-interest-ra...
business	I always heard in school that house prices are interesting because most people look at the equation as what can I afford on a monthly basis. The theory behind that being a gradual tick in interest rates would simply depress some of the long term increases in housing prices as more of a buyer’s monthly payment will now ...
business	yes, but we have a housing supply issue in this country, thats why the prices have been going nuts. and the rich people buying out hundreds of houses to rent out via a property management companies don't care that much about mortgage rates because they are cash buyers thats why for normal people, the time to buy is n...
business	>and if you are planning to own the home for 10 years, This is the real sticking point though. A lot of people are much more mobile so they're not in one area for a decade. &#x200B; If you're able to afford (e.g.) $500k and are planning to stay somewhere for a decade, you either have kids or want to live in ...
business	Ok you're the second person to say that. No one thought housing prices were going to correct 5 years ago. The bottom of the housing market was 2012, not 2008. 5 years ago only crackpots were saying "oh we've had a good 6 month run, guess this bubble about to pop!" Everyone thought "finally, we might be climbing out...
business	I'm in real estate and I remember this well. Many, many people were calling for "Shadow Inventory" to come hit the market and drop prices even worse than we saw in 2009-2010. I kept hearing "the REAL drop is about to happen...any day now." And prices still went up. Long term, I think real estate is fine...if you're buy...
business	>I suggest you learn a little economics. Funny you say that because I have a degree in it, so let me teach you. >The market doesn't have to do anything. Housing prices are all regional. Really? Housing prices are regional, sure. But the overall market follows market trends, some cities may buck those trends bu...
business	I agree with you, and that's my point. Prices are irrationally high. They will HAVE to drop. Prices cannot continue to rise as demand falls and supply increases. This guy is saying demand is increasing and supply can't keep up and that just flies in the face of every number out there except perhaps housing starts, whic...
business	That’s the bullshit redneck propaganda those idiots like to dwell in. Those government subsidies were available to every car company - nothing unique about Tesla. Musk is in hot water because of securities law. Not because his company benefitted from subsidies. Yet the dumb fucks like to think somehow those subsidies a...
business	I know that... I’m asking a legit question. Does no one know what a ? means? I feel like I’m in crazy land. How can you read my question and think it’s a statement? How can you read my question and think it’s pro or con for any position ? It’s a question lol. It means I don’t know but would like to. Based on the ...
business	Ah nice retort. How dumb do you feel right now. It was a question. I was literally asking a question. I didn’t know you knew my intent and decided the question was rhetorical without any evidence. Please almighty wise one. Show me where I made a statement? Let’s start there. Now show me where I said that Tesla sho...
business	I would argue slightly differently. First I would say Tesla benefited more from govt subsidies than other car manufactures, simply because Tesla ONLY made electric vehicles, making subsidies a larger % of their budget. &#x200B; Second, artificial price adjustments (taxes, tariffs, output limits, subsides) af...

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