#it’s just a 15€ gift card

[umilily]

… I actually won a raffle???

[biggest-gaudiest-patronuses]

putting my prediction on record now that the coming decade is going to see the rise of viral-marketed fancy at-home water filtration systems, driving and driven by a drastic reduction in the quality of U.S. tap water (given that we are in a 'replacement era' where our current infrastructure is reaching the end of its lifespan--but isn't being replaced). also guessing that by the 2030s access to drinkable tap water will be a mainstream class issue, with low-income & unstably housed people increasingly forced to rely on expensive bottled water when they can't afford the up-front cost of at-home filtration--and with this being portrayed in media as a "moral failing" and short-sighted "choice," rather than a basic failure of our political & economic systems. really hope i'm just being alarmist, but plenty of this already happens in other countries, and the U.S. is in a state of decline, so. here's praying this post ages into irrelevance. timestamped April 2023

[anyoldfandom]

Sometimes I remember that line in S3 meant to show how BK keeps up appearances of running Providence more humanely than WK where Rex says WK was so cheap that he didn't even buy individual stalls for the bathroom and then I remember that Rex got his own basketball court and locker room and Providence was constantly canonically paying for repairs for damages caused by Rex fighting EVOs and fighting EVOs rather than just immediately collaring them and paying for food and cages and such for incurables and EVOs waiting for Rex to cure them and paying to keep Paradise/Purgatory base afloat and then I think maybe. Maybe there is another reason WK was cheap.

[rusty-gloinks]

some adopts i made !!

[phineas-and-herb]

i think its insane that candace was only being paid $3.50 an hour for her first job but then i realized that's also how much i made per hour when i got my first job too

[zaddyazula]

my birthday is in t-minus 15 days and i’m being harassed about ideas for presents I DO NOT KNOWWWW

[rose022]

i love college people keep giving me free food and shit. a bunch of snacks at the foriegn language and diversity stuff, so much candy at the english majors event, random people with tables and signs that give me candy and pizza gift cards if i vote. yumme

[lilbreed1ngdoll]

even though my money got stolen and i broke my phone charger (i have another one), today wasnt too bad.

i had a lot of very positive interactions when i ran a couple of errands today with both other customers and employees. that definitely made up for it (albeit, not monetarily lol)

[djedsspence]

pov: i, a hotspur one member, ask to see even just one member benefit. maybe an email or two

[funpression]

i keep seeing all these women being like "another year of explaining to my kids why mommy's stocking is empty 🤪" first of all get a divorce. but second of all. is this a normal thing for adults to have a stocking?? bc for my house stockings were a child-only affair, used to entertain us until the adults woke up

[starfightrpilot]

you ever get targeted by a university study survey topic ad so niche that you are compelled to answer it?

[jackass-jones]

Pissy cuz I got re2 on my switch like a damn moron without really properly reading the description and it’s a version that requires internet connection to run and so I couldn’t even fight the first zombie cuz of how awful the game was cutting out 😭

[cuntwrap--supreme]

I never shop on Amazon, but I got a $50 Amazon gift card for going to an interview and decided fuck it, I'm finally buying a proper desk. Almost $200, I paid almost $150 of my own money. I bought it 3 weeks ago. Where the hell is my desk? It's supposed to be here by today and it hasn't even shipped yet. So I contact customer support and they say they can't really help me unless I'm a Prime member. I hope Jeff Bezos dies in a horrific and mind-bogglingly slow manner.

[thepowerisyouth]

This started as a simple rant about gift cards but is probably turning into my master post on the lost story of the corporate gift card valuation crisis.

Starts as the simple rant but gets more technical in economics and accounting as it goes on- so fair warning.

-----

Gift cards are often thought of as a boring, low effort gift, although more polite than cash. Plenty of good reasons why they are a bad gift from a thoughtfulness standpoint, but I'm going to focus on the financial value.

Adult humans that live under capitalism are generally, learnedly able to understand the time value of money, even if they cant physically execute the calculations on paper. If you dont believe me, just trust me-- its how all of economics works. We are generally able to value things very well according to our own subconscious estimations.

This is not to say people who receive a gift card are just focused on the dollar figure, however I think the financial frustration lies with the fact that, inherently a $25 gift card is worth less than $25 cash. Probably a lot less

-------

As a present, gift cards remind me, actually, of the stereotype of a grandparent buying their descendents, "war bonds", but somehow gift cards are even worse.

Sorry this is going to be a long explanation of why gift cards suck--

A war bond, which is now simply called a US Treasury bill or bond, is a 'redeemable certificate', which allows the current owner to be sure that the dollar amount (face value) shown on the certificate will be granted, plus interest accumulated from the point of issue until the present date, and the note is redeemable early in most common cases, and is redeemable at most banks or financial institutions around the world. Well... they might not now but they are supposed to

Section 1. Bond overviews

These Treasury bonds are just debt that the US government, i.e. the taxpayers, have to pay back to whoever purchased this bond.

Economics is intended to be confusing to understand, an example of this being how they love to make it hard to understand that every time you hear about bonds and interest rates they are talking about gambling with our public taxpayer debt. Calling it "buying bonds" makes it seem more normal investy stuff

Anyway-- so this is debt right? Well like all debt, it requires a good credit score, and collateral. The official term is "backed by the full faith and credit of the United States Government"

In summary of this section using numbers:

If you get a treasury bond that says $100 & 5% annual interest, the Treasury department guarentees you can receive $100 amount in the future (maturity date), as well as $5 per year for your troubles, unless the US government is toast at any point.

If the holder sells the bond prematurely on the 'secondary market'--which is the clever term for the stock market for bonds-- they might get more or less than the "face value" depending on current interest rates, if those current rates differ from the interest rate set on the bond at hand.

---

Section 2: Basic Bond Valuation

So using previous example, the face value of $100, and that only comes back from the treasury department on maturity day (up to 30 years away now for long term bonds)

So in the meantime, people "trade" (gamble most of the time) those bonds on the market. Cause why the fuck not?

---

Most of the time, in a non inflationary environment, bonds with expiration dates of less than 5 years do not change price much at all in this 'secondary market'.

Why? Well--

In an inflationary environment (only recent examples are 1970s & 2020s) most bonds are decreasing in value, with the lowest interest rate bonds decreasing the most. Every other period has bond prices generally flat (so you still get the 5% interest) or trending up

The economic mechanics behind what lowers bond prices in high interest rate environments is pretty simple-- if I have a 30 year loan the government owes me, with 5% annual interest, and the guy who bought the same 30 year bond back in 2017 only got 2% interest, then I have an inherently more valuable loan or bond.

Going to start circling back to gift cards-- A 0% bond is only worth more than a negative interest bond.

(looking at you japan they were briefly paying banks 0.5% interest to borrow money from the government. As in a -0.5% interest loan)

Okay gift cards time

$25 Gift card = corporate bond of face value $25, with 0% interest, and is only redeemable in person at the companies restaurant with immediate purchase of their product

A gift card is identical then to the boring "war bond" gift, except that:

1) it can only be redeemed at their limited locations in person, and only with immediate purchase of their product or service

2) this certificate does not accrue any interest, which means that from a value standpoint its guarenteed to lose value over time unless interest rates are below 0% like japan had

------

Again, most people are very capable of understanding that the value of a 0% corporate bond which cannot be easily sold is worth less than the face value-- much less. Just most people probably dont have the experience in finance to put to words why exactly that situation is so frustrating from a financial standpoint

What a stupid gift, cash is way better.

Especially in an inflationary environment like the 2020s. my god the valuation loss of all the gift cards recently is incalculablely enormous

It would be a very snarky, not nice response to being gifted a gift card if the receiver replies back that the technical market value of this $25 gift card is actually $14.75 due to the current globally high interest rate environment in addition to the company having a BBB Moody's credit rating rather than a perfect AAA

I'm very, very tempted to do a sample valuation of a random hypothetical gift card to reinforce this point, but valuations arent quick and I already know it would take me half the day just researching the numbers to put together for it

----

I had no idea I was going to have this much to say but we're on edit #4 to this post Im gonna keep going:

The inflation of the 2020s has led to the largest (by dollar value and probably other metrics) corporate bond valuation crash of the.. ever

But corporate bonds are mostly held by the upper middle class & higher, as well as other corporations. So of course we hear them crying about their loss of wealth. Easiest example can be found by looking for the annual returns on an ETF which trades only corporate bonds. They got fucked in 2021 and arent back yet

What I'm getting at is that most poor people do not own individual bonds-- its just not really something that makes sense as a poor person.

Back to poor people's wealth--

Someone who has a retirement funds might invest in corporate bonds through that fund. But dont get me started on how complicated those funds investment strategies are to mitigate the risk (but yes they arent good at risk mitigation lose value a lot from dumb preventable mistakes).

And also looking at 5 yr price charts for many retirement funds, the ones with more corporate bond holdings have done way worse than their peers in the retirement fund game who put more money in stocks over that period

Poor people do, however, give each other gift cards... a lot. Weve kind of been told for a long time that its a more appropriate gift than cash. I wonder whod want us to think that. Maybe the corporations who are getting away with selling hard-to-redeem junk bonds as "gift cards"?

Likewise with all corporate bonds lately, the total balance of gift cards issued & held by the general public is larger than it has ever been in prior decades like the 1970s. There was issues with gift cards then, just the total amount was much, much less

Except probably not anymore-- only the face value being reported on their financial statements is that high, as accounting standards do not require companies to regularly value their gift card balances at market value. They are allowed to report it at face value, until it is removed from their balance sheet and resolved as pure income. Not 100% sure the GAAP guidance for it, but I know they dont HAVE to specifically mark down gift cards as they dont have expiration dates. I know that if a company did need to mark down that debt balance for whatever reason, the only way to lower that balance is by calling it "other income".

So poor people have felt a multi-billion dollar loss of wealth from gift card values, which is obviously not ever going to be studied or talked about cause who the fuck cares about poor people

And when that loss does get "realized" from an accountant standpoint-- it would be considered income for the fucking corporations.

Actually reminds me of Starbucks class action about the gift card balance. Lot to dig into there but thats more because of their extra predatory practices around redeeming it

[acid-ixx]

Okay, how about we call Alfred dad??? Sense he raised us and practically is our dad. Sorry I keep on asking. I just am a thinker

series masterlist

a/n: don't be sorry for asking ! i like answering asks even if i do answer really slowly, so don't be afraid to send in questions ! this is a continuation to this ask.

it would actually be a given that if the reader wasn't too broken to the point that they genuinely could never consider anyone as a father figure, then alfred would be someone they would call their dad.

because at least in their 15 years they had been inside the manor, alfred would always be the one who would stand by their side. even if it's not always, he would be there for you when he could. and that effort alone is enough to consider him worthy as your father.

pre-yandere bruce wouldn't even know of your tight-knit relationship with alfred; calling him dad when you skip through the halls with him, calling him your "actual father" whenever you two would bake together, and even going as far as gifting him a mug with 'no. 1 dad!' painted sloppily into the ceramic. alfred would even teach you how to crochet, so you two would get matching sweaters for winter. although alfred wouldn't wear the sweater for the sake of formality, you would always be aware that he stores them somewhere safe and warm as some sort of treasure.

so, imagine just how heartbroken bruce would be once you are abducted by your family, calling out to your dad in your drugged state on your bed, bruce thinking that it was him that you're calling for help when all of a sudden, you make grabby-hands towards alfred, eyes hazily looking at the butler with such desperation that it feels like alfred is your actual father.

seeing you two act so close, bruce would be so, so conflicted. because at least, in the years of solitude you had spent, you find comfort in the very same man bruce considers as his father figure. but at the same time it should've been him that you call your father, it should've been bruce you look at for help and guidance, it should've been him that lulls you back to sleep, wiping the tears that run down your face.

it breaks his heart even further once he discovers all the little trinkets that you make for alfred, all the inside jokes you two share, the gifts you cherish in your cabinets from the apartment you used to live in; they were all from alfred— bruce wants to kick himself realizing that he never made an effort to gift you anything in your 15 years of living in the manor as a ghost.

bruce swears on his life that he'll make it up to you, that despite him being unable to stay the night frequently with you that he'll make it up during the day. he'll take you to business meetings, to arcades, to malls; literally anywhere to get you to bond with him as much as you did alfred.

he'll schedule holidays where the entire family is required to join and you'll be the center of attention. your birthdays will be extravagant, he would spend millions to make a show that you're his favorite child; that means he'll spoil you with gifts that pertain to your hobbies. and because your family loves you so much, please do expect a minimum of 10 gifts prepared by all your siblings and a credit card with no limit for bruce.

oh? you don't need material things? don't worry, you'll be surprised with just how meticulously your father would plan for vacations. any place you would choose would be taken into heavy consideration, even planning with him would feel like some sort of father-child bonding.

but really, he'll commit all his time and effort for you.

bruce would do everything to make you consider him as your dad.

[unpopularly-opinionated]

“They jerked me around for over 40 minutes, I’ve had enough.”