Friday, October 08, 2021

Scientific Arrogance and Ignorance at Work

Men (and consequently male scientists) have often made large mistakes based on assumptions because they are inherently biased, arrogant about their own intellect, and yet ignorant of the things they don't know.

In the words of Samuel L. Jackson's character 'Gin Rummy' from Pulp Fiction:

"Well, what I'm saying is that there are known knowns and that there are known unknowns. But there are also unknown unknowns; things we don't know that we don't know."

And therein lies the problem with certain branches of science, wherein there are too many unknowns and the scientists involved are sometimes just guessing based upon their personal biases.

Take for example Egyptian Archaeology.

We don't know a lot about the ancient Egyptians. Ergo, there is a lot of unknowns, and worse, there are also unknown unknowns.

Thus when archaeologists assert something, I have a tendency to disbelieve whatever they are saying because I have frequently noticed that archaeologists say stuff that is only supported by their biased viewpoint and a lack of evidence.

Let's take for example the following...


A regular person (someone not versed in the history of physics) would probably just look at the above images and think "Hmm. Okay. The Egyptians must have figured out to make a light bulb. That's bizarre and yet interesting."

Except it is NOT a light bulb.

It is something far more significant than merely creating light.

What you are looking at is something similar to a Cathode-ray tube or a Crooke's tube, which were used by early physicists to prove the existence of electrons and sub-atomic particles.

So definitely NOT a light bulb...

But something far more important.

Let me explain...

The Crookes tube (also called the Crookes–Hittorf tube) dates back to early electrical discharge experiments using a partial vacuum, and was invented by English physicist William Crookes, Johann Hittorf and others around 1869-1875, in which cathode rays, streams of electrons, were discovered.

Ferdinand Braun developed the first cathode-ray oscilloscope in 1897, a sort of precursor to the television set.

The CRT became the cornerstone in developing a fully electronic television by 1927.

America's first nuclear explosion occurred on July 16, 1945.

So it only took 70 years to go from discovering sub-atomic particles to splitting the atom using nuclear fission.

The "Tinfoil Hat / Ancient Alien" people out there would like you to believe that Ancient Egyptians had much greater technology than we care to admit, while the stodgy "I wouldn't stake my reputation on it" scientific crowd would never dare to even talk about such things.

Both groups are talking from a position of ignorance, and also arrogance.

They don't know, and therefore they make assumptions. And they base those assumptions on their biases and whatever side of the railroad tracks they've decided to setup camp on. It is basically tribalism.

"I am right because I say am I right, even if you have evidence to the contrary."

The people claiming such Egyptian devices are light bulbs from aliens are the true morons, because they are assuming that Ancient Egyptian scientists couldn't just invent these things on their own. Meanwhile the Egyptologists denying the existence of such devices or refusing to talk about them for fear of damaging their reputations are just as bad, because shunning the pursuit of knowledge or trying to slam the door on the investigation of such devices means they are choosing to willfully ignore historical evidence.

There needs to be an open space in the middle, where people can freely discuss things on a purely scientific basis (without any mention of either crackpot alien theories or damaging reputations).

Which leads me to the idea that perhaps such ideas should be discussed anonymously, so that scientists who are worried about their reputations can just do so anonymously without fear of losing their job or damaging their reputation because they supported a theory that Egyptians may have been a lot smarter than what we give them credit.

The Egyptians did manage to build the pyramids, one of the few man made structures easily visible from space, using rocks so big that modern scientists still don't know how to lift them or cut them with such precision. Do you know of a machine that can lift a 200 tonne rock?

That is the problem. We are still just ignorant.

And every time we ignore that the Ancient Egyptians were more technological advanced than we give them credit for indicates that our arrogance on the subject needs to be corrected.

...

Here's some genetic science for you to think about...

Almost every redheaded person in Ireland can trace their genetics back to Queen Scotia, who according to Irish legend was the first queen of Ireland and Scotland (hence the name), having conquered the region from the tribes who used to live there.

But where did Queen Scotia come from? According to legend, Queen Scotia came from Egypt. She was the daughter of a pharaoh. She brought to Ireland with her the Stone of Scone (upon which Kings and Queens would later be coronated), a stone which scientists have since determined is made of a type of rock not native to the British Isles, but matches the types of rocks found in Egypt.

Now naysayers of the stories will no doubt tell you that there is no way Queen Scotia really was the daughter of an Egyptian pharaoh. She couldn't possibly be. Right?

But then scientists checked the DNA of various Egyptian mummies with red hair and made some startling discoveries... 70% of the redheaded people in the British Isles, mostly in Ireland and Scotland, were direct descendants from Egyptian pharaohs.

So if you're Irish or Scottish and have red hair and just learning this now, congratulations! You're descended from Egyptian royalty!

Honestly a lot of people on the British Isles apparently are... So you're not alone. There's a whole lot of you...

But this just goes to prove several things.

#1. We should never ignore the possibility that ancient myths and legends might actually be based on true events.

#2. When in doubt find a way to scientifically check to see if it is true. Checking the DNA is a pretty accurate way of confirming something.

#3. We cannot just assume things must be true or false based on lack of evidence. We need to find evidence that definitively proves something is true or false. Otherwise we are just dealing with unknown unknowns.

Food for thought!

Friday, October 01, 2021

Rich White Men at Work

 Do you know what the biggest difference is between rich white men and poor white men (and everyone else for that matter)???


Well, financially speaking it boils down to one thing:

Stocks.

Seriously the stock market is the biggest difference between the rich and the poor, of which the majority of wealth in North America is owned by rich white men.

  • Jeff Bezos
  • Bill Gates
  • Mark Zuckerberg
  • Warren Buffett
  • Elon Musk
  • Etc

It is a long list of rich white men, sprinkled with the rare woman like Alice Walton.

Or the rare person who isn't white and male.

And what do they all have in common?

Stocks.

Most of their networth is based on how many stocks they own in valuable companies.

Companies like PayPal, which is basically a bank, and it is mostly owned by Elon Musk.

And here's the rub...

  • Stocks go up in value.
  • Stocks pay dividends on the company's earnings.
  • The government doesn't really tax stocks the same way we tax normal income. It is almost completely tax free.
  • If you're rich enough you can borrow against the value of your stocks.

Thus we're talking about rich people who don't pay income taxes like the rest of us, borrow money against the value of their stocks so they never have to cash them in, and they are making hand over fist as the stocks continue to go up in value plus pay stock dividends.
 
There are many types of stocks too.
 
Growth stocks, which go up dramatically over time.
Dividend stocks, which go up and down, but pay you a share of the earnings every year, every quarter, or sometimes even every month.
Growth/Dividend stocks which do both at the same time.
 
And in order to be financially stable many people diversify their stock portfolios so they have a little bit in tech stocks like Google, Apple, Shopify, etc, a little bit in mineral mining (eg. gold, silver, copper, etc), a little bit in ETFs, specific retail stores, etc.

So let's pretend that you invest in growth stocks, and your stocks go up (on average) in value 10% per year.

Put $1,000,000 into that and a year later it is worth $1.1 million.

Wait another year. $1.21 million.

Another year. $1.331 million.

In the USA if you take a percentage of those stocks and sell them then you pay 15% taxes on any profits you made. Not the value of the stocks, only 15% on the profits.

So if you sell $100,000 worth of stock that you originally paid $70,000 for 3.5 years earlier, you made $30,000 on the stock. How much taxes do you pay?

$4500.

Peanuts. You sold $100,000 worth of stock and only paid $3500 in capital gains taxes.

You can also... get this... sell $100,000 worth of your stocks that aren't performing quite so well. Let's pretend some of your stock portfolio wasn't doing so hot and you didn't actually make money off of those stocks.

So you sell $100,000 worth.

Guess how much taxes you pay on those stocks?

Well, if you didn't actually make any money off those specific stocks the amount of taxes you pay is zero.

Yup.

Zero. Nothing.

Your other stocks are going up in value, but you are just selling the stocks that aren't performing that well.

Or maybe they only went up in value say about 1.11%.

From $99,000 to $100,000. So you only made $1000 off of those specific stocks. How much do you pay in capital gains tax?

You only pay $150 in taxes for cashing in $100,000 of your poorest performing stocks.

And you wonder why the rich get richer and the poor stay poor? It is because the rich people don't really pay much in terms of taxes on their earnings, and the poor people don't own any stocks.

Seriously. Do YOU own stocks?

Do you?

Chances are fairly even that you do or don't.

Only 56% of Americans own stocks, although some of them own very little. The other 44% of Americans don't own a single stock. So roughly half of all Americans don't own any stocks.

Only 65.6% of Americans own a home (January 2021 stat).

It is no wonder so many Americans have problems with poverty. Roughly one third of Americans are unable to save money, invest in stocks, buy a home, etc. It is amazing that the poor haven't just risen up and started killing the rich. Buying a gun is so much cheaper in the USA.

The banks don't make it easy either. They charge people fees to buy stocks, which basically keeps the rich wealthy and the ability to buy stocks out of the hands of poor people. Some of the banks charge as much as $10 to make one stock trade. So if you only want to buy $100 worth of stock, but you are paying $10 per trade you've already lost money on purchasing the stock. It makes no sense.

But there are companies working to fix that.

RobinHood in the USA, and its counterpart WealthSimple in Canada, are two apps which allow poor people to buy and trade stocks, but they don't charge such ridiculous fees because the trades are all done via computers. Instead the apps make money by offering premium services while just using the apps with the basic features is free.

In fact in Canada if you join WealthSimple they will even give you two free stocks to trade. Use this link, and get two free stocks to trade: https://my.wealthsimple.com/app/public/trade-referral-signup?code=I30GVG

What you really want to ask yourself is, aren't you tired of the banks taking your money, charging you bank fees, and then giving you almost zero in interest? Isn't it time your money started working for you, instead of just benefiting the bank?

Seriously. The banks just nickel and dime you with fees these days, buy pay almost nothing in interest because the interest rates are so low.

Meanwhile stocks like TXF are going up in value and paying 10.02% in dividends. See the stats below to see what I mean.

You don't even have to know much about stocks these days. You just have to know that if you buy ETFs that your money is being spread around between different companies and the people managing the ETF fund is doing all of the work for you. Just look at the yield below to see how much the ETF pays out per year in dividends and you will realize that certain stocks pay for themselves.



Seriously. There's a reason the rich white men keep getting richer. They're making all of the money off the stock market while the rest of the poor schmoes do all the work.

Isn't it time you got a piece of that??? Make your money work for you!