Noce Moscata

I'd go back to 2019 all the time.......

[Noce Moscata @Nutmeg031992]

@magnolia_321 @cremieuxrecueil @instapundit It’s an inflationary policy

[Noce Moscata @Nutmeg031992]

@KissaTobacco @jogothy @glukianoff I am against rent control but US cities do it in the worst possible way. Like they seem to purposely do it idiotically. There are more sensible ways to do it that are less disruptive and do not create winners and losers to the same extent.

[Noce Moscata @Nutmeg031992]

@jogothy @glukianoff I’m not a big fan of the policy in general but something sensible needs to a) apply universally without winners and losers b) be at a minimum anchored to actual costs c) rates reset when unit is vacant

[Noce Moscata @Nutmeg031992]

@ICANBENCH400 @TimurNegru It’s probably harder to get a mortgage? If you have cash nothing

[Noce Moscata @Nutmeg031992]

@amoryxblaine @CacheThatCheque Have prices increased 15x?

[Noce Moscata @Nutmeg031992]

@shahriarr_here @stanleefounder Half Twitter is rage bait like those posts ‘if you don’t make 450k at 35 you are falling behind’.

[Noce Moscata @Nutmeg031992]

@hexadecimallol @dilanesper Lol 20% above 1 million is actually what instagram/tiktok would make someone believe

[Noce Moscata @Nutmeg031992]

@jogothy @glukianoff It depends on how it’s applied. The NYC/SF model of keeping some units at ridiculously low rates forever vs others at market rates without any means testing is extremely unfair eg.

[Noce Moscata @Nutmeg031992]

@cremieuxrecueil While I don’t like the policy I wonder if it could be done better than the American cities model of some buildings and units being rent controlled forever and some being fully market. Maybe a system where every unit has the same limits + vacancy decontrol would distort less

[Noce Moscata @Nutmeg031992]

@yimbyism Depends on income.

[Noce Moscata @Nutmeg031992]

@Bunch0numb3rz @agraybee Well to give an idea of how rough it is, Biden considered it too toxic to propose income taxes raises below 400k USD (which would be like 520k now inflation adjusted). A family making 400k would likely have to pay ~70k extra taxes compensated by saving 30k cost mostly tax free.

[Noce Moscata @Nutmeg031992]

@yimbyism 17% payroll probably means everyone above 100k loses. It’s not billionaires.

[Noce Moscata @Nutmeg031992]

@5xvxvxvxv @agraybee But if you recoup 1.3 trillion from companies than you cannot count that money going to boost incomes to offset increased income taxes. Cannot double count.

[Noce Moscata @Nutmeg031992]

@Pickle0x3 @agraybee I mean depends on how much you earn. Could easily end up paying more than 1000$ a month more in taxes especially since that 1000$ is tax free now

[Noce Moscata @Nutmeg031992]

@GoldenCarl82 @AQuartermain @agraybee @Bunch0numb3rz But if you take a family the 80k equivalent income would be 160k . I was talking of individuals but you need to scale things for larger households.

[Noce Moscata @Nutmeg031992]

@viktorg475 @ForkyMcSpoon @agraybee Also eg in Italy with my income I would pay ~80% more tax, without accounting for 401k, deductible deductions and so on. Not quite double but close.

[Noce Moscata @Nutmeg031992]

@ForkyMcSpoon @agraybee US would need to collect 18% of its gdp vs 11% for the UK. Even accounting for some administrative savings and some private spending that would remain you’d still need to collect a much larger portion of the economy.

[Noce Moscata @Nutmeg031992]

@2x10101010 @agraybee Yes but if everyone paid like Medicare then facilities would have to layoff and cut salaries. Good luck with unions.

[Noce Moscata @Nutmeg031992]

@AQuartermain @agraybee @Bunch0numb3rz Now probably there are ways to make it less painful and progressive but the threshold between losing and not losing would likely be well below what most would define as ‘rich’

[Noce Moscata @Nutmeg031992]

@AQuartermain @agraybee @Bunch0numb3rz Ok let’s say someone single making 100k (good salary but not rich). Let’s say he gets back 12k from the employer and his premium and his 3k a year (just an example) out of pocket goes to 0 (I doubt it would be 0 but ok). This person would pay 19k more in income taxes if doubled.