JetBlue offers to buy Spirit for $3.8 billion.
2023: Biden DOJ sues to stop the merger.
Jan 2024: Judge blocks merger, citing "threat to competition."
Nov 2024: Spirit files for bankruptcy.
2026: Trump admin is considering bailout of Spirit, with the federal government potentially receiving ownership in the company.
So instead of JetBlue and Spirit combining to form a formidable low cost competitor for the big 4 airlines, the taxpayers will be on the hook to save a failing company that will offer them low cost airfare subsidized by money taken from their paychecks.
This is the core tactic of US war propaganda:
If you oppose Bush's invasion of Iraq, you're pro-Saddam.
Oppose Obama's bombing of Libya: pro-Gadaffi.
Oppose Obama's CIA war in Syria: pro-Assad.
Oppose US financing of Ukraine: pro-Putin.
Oppose US regime-change in Venezuela: pro-Maduro.
Etc. etc. etc.💣💣💣💣💣🤑🤑🤑🤑
Here’s what I think will happen in NYC under Mahdami.
The free buses and government grocery stores won’t happen, they never do. They sound good during campaigns, but collapse under basic math. You can’t run a city on ideas that cost billions and produce no revenue.
The only way to make housing affordable is to build more housing. The free market lowers prices, not regulation. Every time politicians try to control rent or force affordability by decree, developers stop building and landlords stop maintaining. Supply dries up, the quality collapses, and the few properties that remain skyrocket in price.
Once landlords can’t make a profit, they sell, lose properties, or walk away. Eventually, the government takes over.
Taxes will rise to pay for the promises, and the middle class will be the ones shouldering the burden. The rich will relocate, the poor will depend on subsidies, and the productive class will be squeezed from both sides.
Thriving businesses are the foundation of any thriving city. When they leave, everything else follows, jobs, schools, grocery stores, stability. Chicago already proved this. Boeing, McDonald’s, Caterpillar, Citadel, nearly 70k jobs, all gone. Now they’re facing billion-dollar deficits, half empty schools and neighborhoods without grocery stores.
I saw someone who lived in a rent-controlled apartment in California put it perfectly, he said his landlord could no longer afford maintenance so the pool was filled with dirt, the floors had soft spots, and the foundation ended up cracking. That’s what overregulation does, it destroys quality.
People who voted for this will eventually feel the pain but they won’t blame the policies or the politicians, they’ll blame the rich for leaving.
This conversation is always difficult because most people simply don’t understand market dynamics or incentives. In a free society, people act in their own self-interest. If you remove profit and reward dependency, productivity dies and the city with it.
If you think things are expensive now, just wait until they’re “free.”
NEW: a senior US intelligence official tells me that there is ZERO independent US intelligence to backup CIA director John Ratcliffes pronouncement that Iran is “at the one yard line” of a nuclear weapon
All of the intelligence is from Israel
People say "Ultra wealthy, like Elon Musk, pay no taxes!"
I reviewed actual IRS and Treasury data to understand whether that's true.
Here's what you need to know:
Kamala Harris pledged not to raise taxes on Americans with an annual income under $400,000.
I analyzed her tax proposals to see whether that's true.
Here's what you need to know:
This is a “no duh” headline. People that pay more tax, naturally, benefit more from general tax cut.
From the article:
“many low-income families already do not earn enough to owe federal income taxes and would see no benefit from an increase in the standard deduction.”
Tax Policy Center analysis suggests that the largest tax savings from increasing the standard deduction would go to those with the highest incomes, leaving middle-income workers with a quarter of the total benefit and low-income families with even less. https://t.co/qjueY1pVv8
Here's another fun fact the @GOP don't want you to know...
Middle class families in California pay LESS in taxes than in states like Texas, Oklahoma, and Arkansas.