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Old 09-09-2019, 04:56 PM   #61
Cecil Terwilliger
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Ya, that's insane. No vaccines, no real health care, no ability to travel very far, still pooping in a bucket(even if it is gold plated, it's still a bucket). Toilets hadn't been invented. Hot water? Indoor plumbing? I don't think people realize just how any everyday things we take advantage of didn't exist even 100 years ago.


Which opens up a more interesting question, would you rather be middle class now, or poor 100 years in the future?
Yeah but with 70k in 1770 I’d be a god. That’s like a trillion dollars in today’s money.

You’d be reading about the 9 founding fathers instead of 8. And it’d be my head on Mt Rushmore. Just me. 4 times over.
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Old 09-09-2019, 04:57 PM   #62
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I think 70k in the late 1700s would be something like $10 million now?

Regardless, though, anything before the discovery of penicillin should be an instantaneous "nope", as far as I'm concerned.
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Old 09-09-2019, 04:59 PM   #63
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It’s only about $2m. Which is quite sad when you think about it. That’s 3rd liner money.
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Old 09-09-2019, 05:04 PM   #64
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No anesthetics is the biggest for me. No thanks.
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Old 09-09-2019, 06:29 PM   #65
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No anesthetics is the biggest for me. No thanks.
Hand drawn porn! I think not
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Old 09-09-2019, 06:33 PM   #66
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1700s no, but I'd happily be transported back to around 1980 with 70k.
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Old 09-09-2019, 06:38 PM   #67
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1700s no, but I'd happily be transported back to around 1980 with 70k.
I marveled at a friend who bought a house in Shaughnessy (with parents money) for around 300,000 back in 1985, no house seemed worth more than 50 or 60,000, the lot has to be worth 4 to 6 million now
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Old 09-09-2019, 06:38 PM   #68
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1700s no, but I'd happily be transported back to around 1980 with 70k.
For the cocaine, right?
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Old 09-09-2019, 06:48 PM   #69
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Happened to me in 1995. Business account at Scotiabank in Forest Lawn.
They mistakenly put all of the Forest Lawn Safeway's take over the Labour day weekend into my Corporate account...$485K+/-.
Given that this was not "my" money but that of my corporation (there's a whole bunch of "legalese" added to such a situation) I called my lawyer on Tuesday for advice.
He told me that if I wanted it? Take it and run somewhere that I would not be subject to extradition.
He also advised that there would certainly be a significant amount of scrutiny when I showed up and tried to draw a half a million dollars out of an account that had never broken 100K as a standing balance...
As it turned out? They found their mistake overnight, and the next morning I pulled on my pants and went back to work.


True story.
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Old 09-09-2019, 06:52 PM   #70
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The study is trying to separate pure wealth from relative wealth. There is no change in earning power due to inflation or anything like that. They are merely asking: would you rather have more wealth, more earning power, and a higher standard of living, but have less than average; or have less total earning power, wealth, and standard of living, but be above average?

Most people choose above average, because - as Slava said - they are more concerned with status than actual living standards. "As long as I am doing better than my neighbours, I don't really care how good (or bad) that actually is".

And that explains why many choose the 1700s, where standards of living were substantially lower - even for the extremely wealthy - than standards are today, even for the relatively poor.
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Old 09-09-2019, 07:00 PM   #71
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Also, more simply to Sliver's post about happiness and money, our brains are wired to always be wanting and to be in a constant shifting state between happiness and unhappiness. And the best way to live is to embrace and endure times of struggle and unhappiness to feed the times of happiness because our happiness is dependent on unhappiness, and we actually experience more happiness with more sadness. So extreme wealth has no chance to change your brain to "always happy".

The discussion between desiring more or less money relative to other people is interesting, but ultimately money is basically the same as any drug or pleasure in our lives. It will be fulfilling for a bit and then your brain moves on and finds things to be happy and unhappy about again, regardless of how your money compares to others.

You win $10mil you start out in euphoria and within two months you're going "oh man, I looked up islands for fun and now I'm choked that if I had $5mil more I could get this one!! I wish there was some way I could do this??!!".

Last edited by jayswin; 09-09-2019 at 07:07 PM.
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Old 09-09-2019, 07:04 PM   #72
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It's basically your "thinking brain" vs your "feeling brain". Your feeling brain almost always dominates and it won't be satisfied by a new level of wealth for long.
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Old 09-09-2019, 07:12 PM   #73
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Originally Posted by Bindair Dundat View Post
Happened to me in 1995. Business account at Scotiabank in Forest Lawn.
They mistakenly put all of the Forest Lawn Safeway's take over the Labour day weekend into my Corporate account...$485K+/-.
Given that this was not "my" money but that of my corporation (there's a whole bunch of "legalese" added to such a situation) I called my lawyer on Tuesday for advice.
He told me that if I wanted it? Take it and run somewhere that I would not be subject to extradition.
Waitwaitwait...

Your lawyer advised you that one of your options was to commit a crime and flee from the authorities?!
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Old 09-09-2019, 07:14 PM   #74
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Waitwaitwait...

Your lawyer advised you that one of your options was to commit a crime and flee from the authorities?!
Sounds like he called Saul
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Old 09-09-2019, 07:14 PM   #75
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Also, more simply to Sliver's post about happiness and money, our brains are wired to always be wanting and to be in a constant shifting state between happiness and unhappiness. And the best way to live is to embrace and endure times of struggle and unhappiness to feed the times of happiness because our happiness is dependent on unhappiness, and we actually experience more happiness with more sadness.
Is there some study that demonstrated this that you can link us to? Because this seems like quite a bold claim about typical human psychology.
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Old 09-09-2019, 07:14 PM   #76
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Waitwaitwait...

Your lawyer advised you that one of your options was to commit a crime and flee from the authorities?!
His lawyer was also based in Forest Lawn.
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Old 09-09-2019, 07:17 PM   #77
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For the cocaine, right?
I'm not one for drugs, but I'm certainly a fan of many things that were created because of it that decade.
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Old 09-09-2019, 07:19 PM   #78
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I'm not one for drugs, but I'm certainly a fan of many things that were created because of it that decade.
You mean like crack cocaine?
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Old 09-09-2019, 07:22 PM   #79
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I'm not one for drugs, but I'm certainly a fan of many things that were created because of it that decade.
Like the DeLorean. Because of the cocaine.
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Old 09-09-2019, 07:39 PM   #80
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Buying Plutonium in mall parking lots, the 80's were simpler times.
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