Josh

Austrian/Chicago economics. What is asserted without evidence will be dismissed without evidence. A retweet doesn’t mean I agree with the original

[Josh @ButImJosh]

Peace is profitable

[Josh @ButImJosh]

@mehdirhasan @mcuban 44% of the bottom half is under the age of 18. Another big chunk is 18-25, and even more is incarcerated or a low skilled immigrant.

[Josh @ButImJosh]

@DonMiami3 We also have higher interest rates and a lot more debt

[Josh @ButImJosh]

@jamestalarico It is blasphemy when you call Jesus a liar, James

[Yogi @Houseofyogi]

Ro, you’re lying and you know it.

You compared a man’s net worth to a country’s GDP. A balance sheet to a year of output. You went to Yale. You learned the difference between a stock and annual output flow.

But being a politician and lawyer, you love to lie and gaslight the economic illiterates, it’s your entire business model.

You want a 5% tax on Elon to fund free trade school for every American.

Trade school costs $80B/yr, you can’t even fund a year.

Elon doesn’t have $55B in cash. It’s stock. You know this.

To pay, he sells roughly $70B of Tesla and SpaceX shares, and the sale itself gets taxed on top. SpaceX raised $75B at its IPO this morning at a $1.77 trillion valuation.

Imagine him selling that amount every year.

Ro isn’t taxing Elon. He’s taxing everyone who gas exposure to the market. Every pension fund and index fund on the planet gets wrecked. And given Ro, he’ll insider trade and short before the bill passes.

And for what? To rip capital from the best allocator alive and hand it to the most incompetent institution in human history. Elon turned PayPal gains into Tesla and SpaceX: 120,000 jobs, launch costs down 90%, two industries that didn’t exist, a $1.77 trillion company from nothing.

You’ve never built anything. You’ve never employed anyone. You’ve never created a dollar of value in your life. You collect a government salary and demand tribute from men who do what you can’t.

Your machine spends $7 trillion a year and still runs a $1.8 trillion deficit. It loses up to $521 billion a year to fraud. More than your entire tax raises. The Department of Education went from $34 billion in 2000 to $268 billion in 2024. 8x the money. Reading scores at multi-decade lows. Trade schools still unfunded.

You don’t lack money. You lack competence, and you want Elon to subsidize it.

You haven’t donated your wealth. You haven’t moved into government housing. Empty your accounts first, Ro. Then preach.

Elon’s options get taxed as ordinary income at the top rate when exercised. Over $500 billion in lifetime taxes, the largest tax stream from one human ever. You want $55 billion now in a way that craters the shares the $500 billion depends on. Your tax doesn’t raise money. It kills the companies, kills the jobs, kills the pensions, and torches a bigger check already in the mail.

You’re the monkey in the middle, Ro. You can’t build. You can’t allocate. You can’t even count. So you eat from everyone else’s pie and call it fairness.

[Josh @ButImJosh]

@KyleKulinski The problems you claim confiscation of wealth will solve shouldn’t exist given how much we already spend to eradicate it

[Josh @ButImJosh]

@adammocklerr You’re conflating paper wealth with power

[Josh @ButImJosh]

@RoKhanna We spend roughly $18,000 per student per year for 13 years and our high school graduates are told they need more education or they’ll end up mopping floors or flipping burgers. Spending money on teachers isn’t the same as investing in education

[Josh @ButImJosh]

@AOC Maybe you should worry more about doing a better job with our tax dollars so people that go to public school for 13 years at the average cost of $18,000 a year per student can get a good job after graduation, not a job mopping floors or flipping burgers

[Josh @ButImJosh]

@RoKhanna @BernieSanders Ro, if you and your partners in crime in Washington did a good job with our tax dollars, none of those things you’re proposing would be necessary.

[Josh @ButImJosh]

#AdamKutnerPowerPlay

[Josh @ButImJosh]

@AndrewCFollett @wil_da_beast630 Here’s the other thing though, had the Southern states not seceded, they could have passed Corwin’s proposed amendment, which would have made slavery a state level issue

[Josh @ButImJosh]

@AndrewCFollett @wil_da_beast630 👍

[Josh @ButImJosh]

@AndrewCFollett @wil_da_beast630 So we agree that slavery was the #1 issue of secession?

[Josh @ButImJosh]

But the Morrill Tariff was still a major issue in 1860, and tariffs were still a major reason for secession. Robert Rhett even compared the South to the colonies and the North to Britain regarding the treatment of the South and not getting their share of spending. My argument is that slavery was the #1 issue for Southern secession, but there were other issues as well, such as tariffs

[Josh @ButImJosh]

Tariffs had been a major issue for decades, which caused South Carolina to threaten to leave in 1828. It’s deeper than a strategy. They were mad for years at raw materials not being tariffed but the finished products being tariffed, and then the tariff revenue going to build a big network of railroads in the North while the South got little

[Josh @ButImJosh]

@AndrewCFollett @wil_da_beast630 The Morrill Tariff was one of the biggest issues of the 1860 election

[Josh @ButImJosh]

@AndrewCFollett @wil_da_beast630 And they had no inkling that it would be signed? South Carolina first threatened to secede in 1828 over a tariff

[Josh @ButImJosh]

@HQNewsNow @DA_Stockman I’ll take her over a self described communist

[Josh @ButImJosh]

@AdamSKutner #AdamKutnerPowerPlay