• 0 Posts
  • 50 Comments
Joined 1 month ago
cake
Cake day: June 9th, 2025

help-circle



  • call bullshit on 2/3 of Congress.

    Yeah… It really doesn’t have to be that dramatic. The GOP would be more than willing to bury any kind of evidence if it only endangered a couple of their mega donors.

    I mean I’m guessing that the people wealthy enough to partake in pedo island probably aren’t a fan of paying taxes.


  • This is just the sunk cost fallacy though. You can inflate the paper value of assets by playing games like this, but the bill always comes due in the end. Yes, companies that do this can juice their books a bit in the short term, but they’re harming themselves in the long term.

    I mean… That’s kinda what late stage capitalism is all about, squeezing blood from stones on a quarterly basis.

    You could create a subsidiary and have that company rent out some of your floor space for absurdly high rates. But you’re ultimately just robbing Peter to pay Paul.

    Reminds me of the twin towers. One of the reasons it was such a catastrophe is because the towers were such a money sink that the city of New York subsidized the development by relocating a ton of government offices to there.

    Fuck, these companies might actually be violating the law. Deliberately choosing unproductive business practices just to cook your real estate books is something Enron would do.

    Pretty much the standard quo nowadays…why invest in things like labour when you can just inflate the worth of assets for free? Capitalism is about reducing cost while simulating growth, there is no reason to actually invest in the company if you can simulate investment enough to make share price go up.



  • You’re forgetting the whole…" I invested entirely too much in corporate real estate".

    When there’s instability in the market a lot of fortune 500 corporations will start investing in corporate real estate as a “safe bet” to hedge more risky investments.

    Skyscrapers and large office spaces are on paper horrible investments and have an awful time filling enough vacancies to offset their upkeep. The only thing that makes them a “safe” investment is that every company uses them as a way to bank equity. If those same companies pulled the rug from under themselves they would all lose that safe equity piggy bank.












  • Idk, the gdp of Greenland is only 3b a year and it’s mostly from fishing. There’s really nothing the US could extract from Greenland that would be worth the cost of invading it. There’s some potential for mining, but you’d have to build an entire infrastructure to do it, and we don’t even want to invest in building infrastructure in the US.

    Realistically the only thing that makes Greenland strategically important would be controlling the shipping lanes up north. However, the only strategically significant rival we have that utilizes those shopping lanes are Russia, whom the administration wants to buddy up too.

    I think it’s just meat they throw out to the media anytime they want to distract from their failures, and of course our pathetic press just gobbles it up every time.