Mamdani announces city-run groceries will set prices *30%* below retail.
Typical grocery margins are 2%.
Meaning:
First, the city will lose ungodly amounts of money -- at least 28 cents on the dollar.
Second, below-cost stores will steal enough market share that real groceries abandon the city.
Third, taxpayers will get tired of the money hole and slash subsidies.
At which point city groceries become money holes full of rotting food, so New Yorkers will have to take 2 trains and a bus to find a real grocery store.
Socialism will work this time 🙌
No, you don't get it.
He does not have $1 trillion sitting in cash, it is 99% stock in his companies.
To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined.
Okay, but now Elon has $100b in cash, and can "solve the world's problems".
$100b divided by the world's 8 billion people is $12
If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation.
But everyone on earth could have one nice meal and you could revel in your altruism.
The reason you can’t afford healthcare:
Healthcare premiums are too high.
Taxing Jeff Bezos more may be right for other reasons but it will do nothing to fix this.
Premiums are too high because insurance companies game the pricing model brought by Obamacare.
Obamacare capped gross margins at 15%. So for healthcare companies to make more money, they didn’t have to find efficiency or compete harder, they could coordinate and raise prices. And they did that. Making 15% on $10,000 with little competition is better for them than making 15% or more on $1,000.
Now Obamacare says you must spend these extra dollars on services but if you look at the growth of administrative staff and the flatlining of life expectancy, what really happened was that the extra dollars just sloshed around in the system and eventually made its way to stockholders with no measurable impact to quality - look at life expectancy vs admin staff growth in healthcare or stock price of health care stocks vs life expectancy.
So to make healthcare affordable again, change the gross margin rules and force competition between the private insurers/PBMs/providers.
🚨🇺🇸 FULTON COUNTY ADMITS 315,000 EARLY VOTES BROKE THE LAW... IS IT FINALLY OK TO SAY THERE WAS VOTER FRAUD?
Georgia law says election workers must sign off before votes get counted.
Fulton County skipped that step. Then they counted the votes anyway.
Not once. Not twice. But at 36 out of 37 early voting sites. No signatures, no verification, no proof the machines started at zero.
The kicker? Fulton County admitted it.
They literally told the state, "yeah, we didn’t follow the rules."
And Georgia’s Secretary of State? He accepted those votes without blinking!
This isn’t about Trump. It’s about the fact that Republicans screamed fraud for years and were told to sit down.
Now Fulton’s saying, "oops, we broke the law."
That’s not a conspiracy... it’s confirmation.
Source: The Federalist
Feeling bearish? This is the only chart in the world that matters.
As @LynAldenContact says, nothing stops this train. Just chill and #stacksats
This awesome visual is from @VisualCap
JUST IN: FBI Director Kash Patel calls Democrat Adam Schiff the "biggest fraud to ever sit in the United States Senate" to his face.
"You are the biggest fraud to ever sit in the United States Senate. You are a disgrace to this institution and an utter coward."
"I'm not surprised that you continue to lie from your perch and put on a show so you can go raise money for your charade. You are a political buffoon at best."
RFK Jr. just brought the house down at the Kennedy Center.
The entire building erupted in chants of “USA!” after he shared an unforgettable conversation he once had with Charlie Kirk about death.
“I had a conversation once with Charlie where we were talking about the danger that we both faced from challenging entrenched interests. And he asked me if I was scared to die. And I said to him, ‘There’s a lot worse things than dying.’”
Kennedy continued: “And one of the chief among us is losing our constitutional rights and having our children raised in slavery.
“I said to him at that time, ‘Sometimes our only consolation is that we can die with our boots on. We can die fighting for these things.’
“Charlie gave his life so that the rest of us would not have to suffer those fates worse than death. Now it’s our job. He’s no longer there to lead us. Rush in and fill the breach and win this battle for our country, for God, and for our families. Thank you.”
The crowd’s response was electric. Listen to how loud those chants of “USA!” became.
Texas spent 4 years embracing Bitcoin mining
Now they have lower power prices than any other state
New York spent years gaslighting, vilifying and regulating against Bitcoin mining
Now they need to ask people to conserve more power