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godzilla82

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Full Stack engineer with 15 years exp.

Location: Bangalore, India

Remote: Yes

Willing to relocate: No

Technologies: .Net, MSSQL, Oracle, MySQL, ESB (WSO2, Oracle Fusion MW). Have worked on Java stack too, but few years back, so bit rusty there.

I know it is a difficult ask for commenters to tell where they are from, but most answers wouldn't make sense unless that information is given. I would have completely different money management principles if I lived in SF bay area or in a developing country. Also, the state of the economy matters a lot. If you lived in a country with 6+% rates of inflation, you would have completely different future planning than say in SF bay. Also important is taxation and rebates in your region. But I am pretty sure you are in SF bay area, as are most other commenters here, so I will excuse myself as I have nothing useful to advise.

I know its frowned upon to ask why you are being downvoted, but honestly I would like some feedback on why the comment is being downvoted. The commenter I was replying to, it seemed to me had missed the part and so was forming an opinion on what they think a "taker" is. In the article, you will find that he defines takers the very next paragraph after he uses the word takers. In the Joe Rogan podcast, infact he elaborates on this.

Zero Rupee Note 7 years ago

Yes, the Zero Rupee Note does not achieve anything at all. For e.g. if a traffic cop stops you, the first thing he does is that he takes your driver license. Good luck getting it back with your fancy Zero Rupee note.

In my experience with enterprise applications, we hit database bottlenecks only if you are doing aggregate operations over millions of records or firing 'like' queries over varchar(max) columns without full text indexes. Or generating reports with joins over multiple million record tables.

For most crud operations any production ready database will not bottle neck before you have to fine tune your application server and application itself. Non thread safe application code and libraries have caused more performance issues than large join queries.

Maybe you missed the part where he defines takers. Here's the part :

Then there are people who come along with a sword, or a gun, or taxes, or crony capitalism, or Communism, or what have you. There’s all these different methods to steal.

Zero Rupee Note 7 years ago

There is no beauty in it, you need to understand power play and how it manifests in real life. The official is taking bribe, because you have a need for some thing to be done and he wields power over you. If you do such nonsense, your work simply won't be done, and the official will simply create additional hurdles.

I was responding to :

since Hindus cremate, they don't bury.

Which seems a pretty blanket statement to me. There are other beliefs which many hindus believe are a core part of Hinduism for e.g. vegetarianism. I am not trying to create a strawman here. You will be surprised, how many regions (yes regions, not branches / sects as you put) have fish/meat as a part of their tradition.

This form of reasoning is very common but very confused IMO. Logically thinking, everyone would want to keep more money. I don't know why a rational thinking entity would try to make decisions that would increase costs. Everyone optimizes. Optimization is the basis of any free economy.

But am I correct in my assumption that you have never paid taxes yet? :) Any one who has ever been on a payroll will know that the basic component is dynamic. Also I don't know anyone who does not claim any exemptions!

Sorry, dont want to sound too negative, but the tax calculator is so simple it doesn't handle even the most basic stuff. I am guessing you have never paid tax at the income tax website. I would suggest you to go the income tax website and see the inputs that the calculator takes.

I am not sure if you have handled this or even if it is possible to handle the fact that the "basic" component of the salary is not a fixed percentage of the CTC. So two people with same CTC can have different "basic". This basic component also determines the max exemptions you can claim for e.g. under HRA. Also, employers themselves try to structure the basic and the HRA components to reduce the tax burden of their employees by modifying the basic. Exemptions under HRA have to be declared by the employer.

The price of most things is a function of labor cost + materials + location where it's made + admin + delivery.

Sorry, but you are wrong. The price of a good is not a function of these. Price is a function of demand and supply. And demand and supply are in turn also a function of price.

For example, you cannot demand a salary based on the cost of your education. The market will decide what is the value of your labour.

Also, if you try to find a job in a saturated job market, you will understand the importance of "Sales". If you can't market yourself you wont find a job in a high-supply labor market however qualified you might be.

In a nutshell I think those who think Sales is "cruft" are the those who had it easy all their life, and who never had to compete with 100 guys half their skill.