Uh, why? Musk is one of the very few tech nerds out there who is doing things that actually have the potential to be a huge benefit to humanity.

Speaking as somebody who's been self-employed for over 20 years, it's not all it's cracked up to be and you're probably better off not doing it.

+1

I'm not really one for working for someone else, but a 40% rake isn't a great reason to start off on your own.

self employment tax, whatever health insurance costs, missing out on 401k match, bunch of other stuff, that **** adds up fast.

40% vig is probably a pretty good deal, zero chance DIB can make going it alone worthwhile.

Not sure if your circumstances were similar to mine though as I'm 80% of the way there already so it's not like I'd be giving a bunch of stuff up to take the additional 20% plunge to be all-in on my own business.

See above, I'm already experiencing many of the pluses and minuses of being a 'business owner' but am giving up a lot of action for not enough value IMO.

Insightful!

Little did you know I'm already an independent contractor so I'm not getting 401K, employer health insurance, FICA matches, any of that stuff. I'm giving up 40% of my action to cover office space, admin stuff and referrals that come to the practice and get handed out but after tracking it I'm generating about half my business thru my own marketing anyway.

Just because you lack the ambition and vision to leave the toilet paper factory doesn't mean others have to toil away at miserable **** for eternity. You can **** right off TYVM and continue being a nutless drone. If venturing out means 6 or 9 months of slow growth but then 30 years of $40k or $50k improved wages then I'd be a ****ing spineless moron to pass. Especially since I can pick up extra side gigs while things are slow to boost my income while my practice builds.

Damn sounds like you have a pretty ****ty job bro. Just assumed that you'd have stuff like health insurance and 401k and employer's share of FICA. Thanks for reminding me that not everyone is as fortunate as I am!

I was a real estate appraiser for about 8 years and spent some time as an IC mostly working for one appraisal shop, some as a regular employee for a lender with base salary+per appraisal over a certain amount, and some as totally independent. The time as an IC for an appraisal shop was probably the worst. In that case it maybe mostly comes down to how confident (most people are over-confident) you are that you'll get enough work on your own.

I imagine Keed's gig at the paper factory is pretty sweet. He's a PhD paper scientist. I doubt they send him down in the tp mines.

Arpaio running for Senate. MAGA

I like going down into the TP mines, as it were. It's fun to figure out if this piece of machinery or that process is working correctly, what needs to be changed, how it can be improved. Lots of my peers just want to sit in their office and fiddle with their computers but there's a limited amount you can accomplish that way. It's more fun and rewarding to go out and get dirty in the mill.

I love factories myself.

How has DIB not been banned already?

Not everybody is cut out for the glamour and prestige of being a social worker.

Social worker is plenty prestigious imo, but DiB certainly doesn't come across as Florence Nightingale as a poster.

LOL at running for Senate at 80-****ing-5.

I'm tempted to encourage Arpaio to run and muck things up for whatever Rs were also considering it, but I thought the same thing about Trump.

There has been a lot of misinformation in the press about the magic of "setting up an LLC" under the new law. The law is very complicated and you should get a CPA to give you advice about (and this is not advice), but having an LLC does not do anything. The requirements for the deduction are that: (1) you be in a trade or business as a sole proprietor or a passthrough, (2) the trade or business isn't the trade or business of being an employee, (3) subject to an income-based exception, the trade or business isn't the trade or business of providing certain professional services or investment services, and (4) subject to an income-based exception, there's a cap based on wages paid and capital invested in the business.

Uh, yeah, I'm with zikzak on Musk hate being an awful take

"Ha ha Elon Musk is utterly failing at bringing an affordable electric vehicle to market that decouples transportation from our dependence on gasoline, time to pop a bottle"

that nazi dude ToothSayer hates that Elton Musk guy, I don't know much about him but if literal nazis are mad at him I'm on his side.

Recommended reading

(it's a 4 part series and each part is very long, but I think the Tesla one is the best and most relevant. If you enjoy that I recommend checking out the SpaceX one too)

Don't lose the plot. Elon Musk is one of the good guys.

Yeah, Musk is the genuine article and one of the good ones. He's trying to build electric cars while Thiel is drinking virgin blood.

I like Musk's ideas a lot, but

https://www.bloomberg.com/news/artic...-claim-in-suit

And, re: NYC's subway

These quotes are not the best look for someone who grew up privileged in apartheid South Africa.

NYC's subway system is probably the worst I've ever experienced. He's not wrong on that.