CubitOom

joined 2 years ago
[–] CubitOom 13 points 4 months ago (3 children)

I also realize now after typing this rant that may be the point of the meme lol sorry, I’ll keep the rest intact though.

No you were right to call me out.

You make some fair points but it seems like you are saying things can't possibly get worse for people who are not young white cishet protestant men without disabilities.

The thing is however, that it can always get worse. And it just did.

Legal discrimination is back at the federal level. The ACLU and other rights advocates are going to have a much harder time trying to represent anyone who is now in a scapegoated demographic. We are now in an post human rights America where a "pure" national identity is taking shape. The Executive Order is intended to disarm legal resistance by remove the few institutional tools we have to fight discrimination.

This must be met with resistance.

[–] CubitOom 58 points 4 months ago* (last edited 4 months ago) (3 children)
  • 1st panel: Trump bets all his money. Normally this is done either if you are confident you will win (like if you have a winning hand). Or if you are trying to win by bluffing (lying by signaling that you have a winning hand when you don't have one). But a good player would only bluff if they thought the other player has little chance of having a winning hand, especially if betting all chips. Ideally, you would only go all in if you had a low chance of having a winning hand but somehow got one and the other player thinks you're bluffing so they stay in the game.
  • 2nd panel: Xi calls Trump's bluff and matches Trump's bet, because he knows he will win.
  • 3rd panel: Trump realizes that his bluff was called and he will probably lose.
  • 4th panel: Trump forfeits all his money to Xi. There is now no way to get his chips back. It would be better to continue to play on the off chance that Xi was bluffing and they both have bad hands but Trump's was slightly stronger than Xis. At the very least it would reveal if Xi was bluffing or not and what his hand was. However by folding not only does he give all his money to Xi but he also learns nothing about his opponents strategies.

Basically this is something the worst poker player in the world might do.

[–] CubitOom 20 points 4 months ago (2 children)

You can do it...it's just really fucking dumb. It's a great way to give someone all your chips.

[–] CubitOom 14 points 4 months ago* (last edited 4 months ago)
[–] CubitOom 6 points 4 months ago

Idk...I just learned that USA doesn't have civil rights anymore...so it wasn't a complete waste.

https://lemmy.world/post/28630797

[–] CubitOom 9 points 4 months ago* (last edited 4 months ago)

(b)(2)

A recipient, in determining the type of disposition, services, financial aid, benefits, or facilities which will be provided under any such program, or the class of individuals to whom, or the situations in which, such will be provided under any such program, or the class of individuals to be afforded an opportunity to participate in any such program, may not, directly or through contractual or other arrangements, utilize criteria or methods of administration which have the effect of subjecting individuals to discrimination because of their race, color, or national origin, or have the effect of defeating or substantially impairing accomplishment of the objectives of the program as respects individuals of a particular race, color, or national origin.

(b)(3)

In determining the site or location of facilities, a recipient or applicant may not make selections with the purpose or effect of excluding individuals from, denying them the benefits of, or subjecting them to discrimination under any program to which this subpart applies, on the ground of race, color, or national origin; or with the purpose or effect of defeating or substantially impairing the accomplishment of the objectives of the Act or this subpart.

(b)(6)(ii)

Even in the absence of such prior discrimination, a recipient in administering a program may take affirmative action to overcome the effects of conditions which resulted in limiting participation by persons of a particular race, color, or national origin.

(c)(2)

In regard to Federal financial assistance which does not have providing employment as a primary objective, the provisions of paragraph (c)(1) of this section apply to the employment practices of the recipient if discrimination on the ground of race, color, or national origin in such employment practices tends, on the ground of race, color, or national origin, to exclude persons from participation in, to deny them the benefits of or to subject them to discrimination under the program receiving Federal financial assistance. In any such case, the provisions of paragraph (c)(1) of this section shall apply to the extent necessary to assure equality of opportunity to and nondiscriminatory treatment of beneficiaries.

[–] CubitOom 51 points 4 months ago (5 children)
[–] CubitOom 1 points 4 months ago* (last edited 4 months ago) (1 children)

When you retire you only sell stocks as you need it as the prevailing wisdom is that stocks always go up if given enough time (which is true if the dollar loses value too, see asset inflation). Also if you have enough assets you can borrow against them instead of using money. The short of it is that most these people aren't fully exiting the market even if they already retired.

With your 401k, even if its unmanaged, you will have an option to distribute funds into various ETFs and target funds and index funds. A lot of people don't bother doing much due diligence or even checking to see what companies are included in the funds and might only invest based on recommendations or historical performance. Its a very small minority of people that invest with some moral standard or with the long term in mind.

[–] CubitOom 5 points 4 months ago* (last edited 4 months ago) (3 children)

Boomers are trying to retire and their 401ks are pumping the market.

It would be a lot worse if people 1, did their own research into who they invest in. And 2 if one of the wealthiest demographics in American history wasn't all about to retire.

Even with the current market being what it is because of the sheer idiocy of the regime, boomers will keep pumping into managed 401ks or ETFs as long as the company is matching to maximise their returns for retirement.

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