Holden Mitrione

I write about economics, finance, and tech.

[Holden Mitrione @HoldenMEcon]

It was clear he was about to spout some drivel after he started with, "what it actually means in the American context..."

[Aaron Rupar @atrupar]

Q: How do you define socialism personally?

JD VANCE: I think in reality what it actually means in the American context is you want to replace American workers with foreigners workers, and you want boys to play in girls' sports

[Holden Mitrione @HoldenMEcon]

@keefer1536 @keefer1536 Exactly! The audacity of these people to refuse to participate in a compulsory program that takes a portion of their wages and, even if benefits are paid out as promised, provides a lousy return on their 'investment' (among other things)! They should suffer too!

[Holden Mitrione @HoldenMEcon]

@TJandCasper You owe us nothing? That is great!

The money you (and others) paid is largely gone, so to keep the benefits going, you now have to confiscate productive workers' wages. Do they owe you their wages even though you owe them nothing?

[Holden Mitrione @HoldenMEcon]

The affordability crisis comes from that guy providing cheap goods and productive jobs.

That makes perfect sense!

[Warren Gunnels @GunnelsWarren]

America has an affordability crisis because Jeff Bezos pays wages so low that taxpayers subsidize the healthcare & food of Amazon workers while he got $120 billion richer since Trump’s election and has paid an effective tax rate of 0.98%.

Jeff Bezos is the real welfare queen.

[Holden Mitrione @HoldenMEcon]

@ClearedAsFiled @edgenmahpnis @LeftyCrypto If the money doesn't belong to wage earners who pay payroll taxes, then why do you need to confiscate $31 per $250 (w/ employer match) of their wages to keep paying SS benefits? Also, yes --- let's get rid of all those programs you mentioned; things would improve drastically.

[Holden Mitrione @HoldenMEcon]

Financial markets, even secondary markets, are good and even vital. https://t.co/n4xhcdUM9k

[Dr. Abdul El-Sayed @AbdulElSayed]

I'd rather have an economy that makes 1,000 millionaires than 1 billionaire.

[Holden Mitrione @HoldenMEcon]

https://t.co/J7FX0pgXaP

[Jessica Riedl 🧀 🇺🇦 @JessicaBRiedl]

Because I've been cursed to argue about this forever, here's my 2024 report listing all the reasons eliminating the FICA cap would not fix Social Security's funding gap - but it would create a lot of new problems. https://t.co/89yTlQciLo

[Holden Mitrione @HoldenMEcon]

Are the people concluding this actually that ignorant, or simply dishonest? Even w/o the cap (assuming no other changes), SS would still be on track for insolvency, not to mention the immense downsides of removing the cap. https://t.co/QGfFvTmzYz

[Holden Mitrione @HoldenMEcon]

@rm230914 @morrismd1918 Where is your evidence?

[Holden Mitrione @HoldenMEcon]

@SheTalksFinance Means-testing SS and allowing those in actual need to receive it in the short run is understandable, but ultimately the program ought to be removed.

[Holden Mitrione @HoldenMEcon]

@SheTalksFinance Many have assets they can sell or rooms they can rent out (which would help lower rents and thus help many young folks). They receive benefits from (often poorer) productive workers who often haven't had as much time to save. Besides, SS is, by definition, a Ponzi scheme.

[Holden Mitrione @HoldenMEcon]

@PeterSchiff @BillCarson3x Quantity demanded moves opposite of price (per the law of demand), not necessarily demand itself. Prices in themselves are a reflection of existing supply and demand data. Removing the gas tax will cause more gas to be traded, among other things.

[Holden Mitrione @HoldenMEcon]

@Archivist1000 Are the people concluding this actually that ignorant, or simply dishonest? Even w/o the cap (assuming no other changes), SS would still be on track for insolvency, not to mention the immense downsides of removing the cap. https://t.co/QGfFvTn7O7…

[Holden Mitrione @HoldenMEcon]

Or you could just think it is bizarre that a grown, married man is seeking external validation from random people on the internet in such a primal way. Besides, feigning omniscience about your critics and their hypothetical insecurities about their shirtless selves is ludicrous.

[Robert ₿reedlove @Breedlove22]

If you’ve ever criticized a man for not wearing a shirt online, the only thing you’re really saying is that you don’t like the way you look with your shirt off.

Envy is the primary unconscious motivator of human action. Until you face the part of yourself that doesn’t want others to be better than you, then you’ll remain a slave to envy.

As a wise man once said: “I am not what you think of me; you are what you think of me.”

[naiive @naiivememe]

Peter Schiff opening X app this week

[George Selgin @GeorgeSelgin]

Like any popular school of thought, the Austrian school has its share of foolish adherents. But to dismiss such greats as Menger, Bohm-Bawerk, Mises, and Hayek, not to mention many other very intelligent Austrian economists, dead and living, is itself foolish.

[Voices of Liberty @FreedomVoL]

Hayek: “You cannot use statistics to explain the extremely complex structures of society.”

“While I value statistics as information about current events, I think its scientific value is much more limited than American economists have believed.”

[Michael Liebowitz @Lieboisout]

Great Discussion! https://t.co/sKhDq18xfG

[Holden Mitrione @HoldenMEcon]

https://t.co/frOYoa6hJZ