Deez Bits

some bits of thought

[Deez Bits @DeezB1ts]

@endpointarena benchmark: derive all real general truths from a given set of observations while minimizing compute

[Gabriel Zucman @gabriel_zucman]

The pace at which extreme wealth is rising is simply staggering: the wealth of global billionaires now reaches the equivalent of 17% of world GDP.

What this means is that if billionaires (about 3,000 households) spent all their wealth, they could buy 17% of everything that is produced in a given year globally. In 1987 – the first year of the Forbes billionaire list – this number was 3%.

[Deez Bits @DeezB1ts]

@nandgatesonly Maybe three strikes? One and done is a bit harsh. Like Jensen says: you can torture some people into greatness

[Russ Greene @GreenPlusAnE]

"older people have so much electoral power that they can prevent their rights from being touched. Young people are becoming fewer and fewer and can't do that. The consequences are easy to guess."

[Deez Bits @DeezB1ts]

@TheAnnaGat My weakness is pickles

Stay strong out there queen

[Deez Bits @DeezB1ts]

@NeetChud888 can't stop a man without a job

[i like food @messedupfoods]

pears traveled more than my whole family lineage

[hope hopes hoping @hopes_revenge]

im post economic in the sense that it’s already over for me

[Deez Bits @DeezB1ts]

@jiratickets You are become thumb, presser of buttons

[Deez Bits @DeezB1ts]

My life goal is to open a museum full of tweets from billionaires burner accounts

There will be juice

[Deez Bits @DeezB1ts]

@raealisa Could do some work in your hotel if you order me an uber 🤣

[Deez Bits @DeezB1ts]

@ADoricko Suffering from success
Or
Skill issue

[Polymarket @Polymarket]

JUST IN: Long-term unemployment in the U.S. is surging at a rate "unprecedented outside recessions," with the average job search now taking more than 6 months. — Bloomberg

[Jon Brooks @jonbrooks]

The income needed to buy a typical U.S. home has increased 79% in just 6 years.

Let that sink in.

Wages didn’t rise 79%.
Productivity didn’t rise 79%.
The American dream just got 79% more expensive.

And people still wonder why housing demand is freezing.

[Deez Bits @DeezB1ts]

when money is cheap, VCs become capex as a service

[Hedgie @HedgieMarkets]

🦔Private equity owns 447 US hospitals. ER deaths rose 13% under PE ownership, per the Annals of Internal Medicine. Preventable adverse events jumped 25% after PE acquisition, per JAMA. Hospital assets fell an average of 24% within two years of a PE buyout, about $28 million per hospital that just disappeared. PE firms account for 7% of GDP but were behind 21% of all healthcare bankruptcies in 2024. Steward Health Care, once the largest private for-profit hospital system in the country, closed its safety net hospitals and went bankrupt. Twenty-five states have introduced 79 bills to address PE ownership of hospitals.

My Take
PE firms buy hospitals the same way they buy retail chains. Load them with debt, strip the assets, extract fees, and move on. The difference is when Eddie Bauer closes you find another jacket. When your hospital closes, the nearest ER is 45 minutes away and a stroke patient doesn't have 45 minutes.

They buy the building, sell the land underneath it in a sale-leaseback, then bill the hospital rent on property it used to own. The debt payments eat whatever revenue is left. $28 million per hospital gone in two years while ER deaths climb 13% and infections double. Federal Medicaid cuts are projected to pull roughly $1 trillion out of the system over the next decade. These hospitals already run on margins so thin that one bad quarter can force a closure. I don't know how the ones still under PE ownership survive what's coming, and the communities that depend on them don't have a backup plan.

Hedgie🤗

[Viscount Bukit Panjang @ViscountBP]

Once again:

[Deez Bits @DeezB1ts]

America normalized a culture where adding value was seen as stupid. Returning to reality is going to be painful for many

[Deez Bits @DeezB1ts]

@lennon041285 @beffjezos i am become blob, taker of worlds