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eanzenberg

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Thats different than being an uber early employee and knowing your private equity is worth a ton. I also wouldn’t exercise random startup shares unless they were real cheap and I wanted to roll the dice. The uber example is clearer. I’d always rather be a paper millionaire than not a millionaire at all. At least you have the choice to exercise some if you leave, or all if you can afford the loans. Also uber is a bad example since people DID sell their private shares as there was enough of a marketplace for it.

Right, but why exercise the option without next selling it? If you’re quitting, that’s a risk. And AMT is applied on the gains. So your strike is $1, valuation currently at $100 and you pay tax on the $99 gain. Unless it’s Theranos that valuation wont go back to $1, so yes, you’re privileged.

Absolutely agree. It’s a numbers game but the first 9 may not hit but the 10th makes you wealthy. So if you’re on your 6th then you will feel the equity value is worth $0

First, $500/month for each child in France is not that cheap or great, especially as you’re sacrificing earning potential.

Second, we have anecdotal data and you suggest we revamp a trillion dollar industry and incentive structure? Seems like we’re doing ok here, considering more people want to come in from France than emigrate there.

Not sure how this is an ‘only’ Trump thing. Republicans believe D-politics will delay the vaccine so it doesn’t come out before Nov 3rd, and Democrats believe R-politics will prematurely release a vaccine before Nov 3rd.

This country has become so politically cancerous that I wonder if a WW2 style event were to happen (as if Covid isn’t one already) if the country could unite around it, today.

And before you question the thesis, I’ve had the pleasure of listening to a few doctors lament the possibility of having life-saving therapies or vaccines if it helped Trump get re-elected.

That’s the one constant with population growth. The remote parts of the world won’t be so remote as time goes on.

On your point about space travel, it doesn’t even have to be that far. The moon or mars aren’t that terribly far on conventional rockets. If we could terraform mars for our arrival, though, that would be cool. Maybe this unlocks another explosion of population growth, similar to the industrial revolution and improvements in medicine?

Its been 1.5 decades since the patriot act of the same rehashed tropes and fear mongering. Most citizens accept the high level surveillance for high level hackers and criminals. The fear of ‘they’re going to track Joe Schmoe to a strip club and ruin his family life’ hasn’t come close to materializing. Call us when it does. Until then, the dialog between elite tech bubbles like hn or slashdot of 15 years ago and the rest of the country won’t be productive.

Flying used to be a great way to escape a crime that was just committed. By knowing the name and id of every traveler, we can stop criminals from fleeing their crime scenes.

I looked it up. 6% of Americans don’t have a bank account. Doesn’t say whether they could go ahead and get one, or they choose not to.

Sizable?