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Ah, my bad. Completely misunderstood that one!

Not following? Tesla's selling luxury car with high performance (of the gearhead 0-60 variety). Some people pay hundreds of thousands for that in a car, many people pay a whole lot for it, and none of them ever, ever talk about a ''payback period" or getting back their equity, or depreciation...

Good answer. I think the problem for the OP is that the products without HFT involvement almost by definition have low liquidity, wide bid ask spreads, and a massive adverse selection bias against you if you're not in that specific commodities industry. If you're a wheat farmer in Kansas you're...

I don't know, ask the folks who live in Norway, or Peru, or Brazil. All places with a budget surplus. Or you could ask the folks in Iraq, also a country with a budget surplus. See how you can cherry pick this stuff, and how perhaps the situation in Venezuela or Ukraine maybe, just maybe, aren't...

So this is an absurd line of reasoning that has to be infuriating for the Tesla folks. I own a European luxury car. It costs many times what a Kia that can carry the same number of people at the same speed and relatively the same safety. And the Kia get's much better gas mileage. No one, but no...

Beating around the bush? I've asked repeatedly what moral or rational reason there is for children inheriting the money (but not debts) of parents despite them doing nothing to earn or deserve it. I began asking the question before you came along, and neither you or anyone else has been able to...

So you go from having no rational reason to support passing wealth (but not debts!) to children who have done nothing to deserve or earn it, to wishing death on those who dare question your long held but never examined beliefs! Confirmation Bias like I've never seen the likes of.

Just as an addendum to this idea, if you want to stop abuse in a government disability program your first stop ought to be the military. The VA disability system is abused by almost 100% of retired military. They actually devote an entire half-day at the transition assistance (TAPS) class we...

I find this anger and personal attack on those who advocate against selfishness to be fascinating. I spent 20 years in the military, started 2 successful companies, and certainly make money trading but do it mainly for the enjoyment of the challenge. All from a lower middle class background with...

Those feelings make me feel nothing but sadness for you. You may find the thread "Millions made, much of the world seen, what now?" to be illuminating. https://www.elitetrader.com/et/threads/millions-made-much-of-the-world-seen-what-now.319486/page-8#post-4629839 As it turns out, there is far...

No, I was making a rhetorical point. My kids are still kids so they have a trust that will get them through to 18 and no further, plus transferrable GI bill benefits that I can't assign outside my family. All of which is completely and utterly irrelevant to any argument about if it makes sense...

And my question still stands, why when faced with a question that doesn't have an obvious answer beyond "we always did it that way" or "because I say so" do you double down and head off on logically unrelated tangents instead of also asking why and seeking a rational reason? Just to further...

I've visited all 50 states, lived in 9 of them (military transfers). I have thousands of friends and acquaintances, most of them deeply conservative (20 years in the military). And neither I or a single person I know has ever claimed to witness first hand someone buying a lobster and then...

When you start with the "you can give away all your own money you want" thing it's a pretty clear indication that you've come to the point that you realize you don't actually have any logical rationale for why Paris Hilton should be getting hundreds of millions upon her father's death despite...

I think @Magic made a good point, you may want to go back and reread his/her post. What is currently legal is a distillation of what our society determines is morally right. I am not debating an interpretation of the current law, just like those who were against laws allowing slavery or banning...

To steal is to take something that morally belongs to someone. I'm questioning why a parent's wealth morally belongs to their children, absent them doing anything to earn or deserve it (clearly your case of working in your family's business isn't what I'm talking about, we're talking Paris...

You can call it whatever you want, I'm asking you to morally justify it beyond "we always did it that way" or "because digitalnomad calls it so". I can morally justify most of what I believe it, but I can't do it with inheritance and I'm not hearing anything enlightening here beyond "Because I...

So you did what exactly to deserve or earn that? That's my question, no question that your father worked to get what he has and I can understand in general that a wealth transfer from him while alive would be questioned. I too am an entrepreneur who has worked my behind off to build companies...

I'm not sure what "any city is handed out SNAPS to able body people" means? Are you doubly confused and think that the Supplemental Nutrition Assistance Program (SNAP) is both restricted to the disabled and administered by cities. Are you aware that 44% of SNAP recipients are children? While...

That is a very nuanced and intelligent reply. Thanks and welcome to ET if you're a recent joined member.