J

[J @dailycryptic169]

@JediCapper @BillSnackman @zerohedge That’s not the same as never making a profit in 23 years

[J @dailycryptic169]

@RHEasingwoodII @stelzner_n1150 The only industry he’s suggested overtaxing is pornography and OF. Do you have a problem with taxing degeneracy like that at higher rates to discourage that kind of activity?

[J @dailycryptic169]

@EmmanuelKant4 @Visitor2Earth @LibertyCappy I agree, but it doesn’t really matter. The federal government would have borrowed from another party and paid them interest. In theory the SS Fund could loan its money to anyone, and by loaning to the federal government, it frees up other lenders to loan elsewhere.

[J @dailycryptic169]

@EmmanuelKant4 @Visitor2Earth @LibertyCappy Yes, I’m simply arguing that your point doesn’t really mean anything because the federal government would have been paying that interest regardless of whether Social Security exists. They would just be paying it to public debt holders and not Social Security.

[J @dailycryptic169]

@Sinnersaint39 @PorygonEnjoyer @Visitor2Earth @LibertyCappy Not exactly. Congress borrowed from Social Security, and while it was misleading by patching up holes in their budgets, the money will be paid back. It doesn’t matter though, because even assuming it’s all paid back by 2035, Social Security will have run out of those repayments.

[J @dailycryptic169]

@Intothemystic63 @Visitor2Earth @LibertyCappy By 2035 the social security trust fund will be entirely empty. You can’t really think of it as them having any of your money left it’s more that current payroll taxes will be entirely funding your payments. And with current estimates by 2035 that will only cover 75% of payments.

[J @dailycryptic169]

@EmmanuelKant4 @Visitor2Earth @LibertyCappy The interest would be going to marketable securities, so public debt anyway. The federal government would have just borrowed slightly more from the public if it wasn’t borrowing anything from Social Security.

[J @dailycryptic169]

@AcousticWalrus @LeniterFortis @JoshuaPHilll A significant percentage of that 30k homeless population is heavily addicted to drugs or has severe mental health issues, if not both. Affordable housing isn’t going to help them because they cannot currently be functioning members of society without significant treatment.

[J @dailycryptic169]

@roselily2006 @thoughtcrates1 You haven’t proven why we’re worse off because he’s unbelievably wealthy. Amazon has created over a million jobs and has drastically improved the efficiency of consumer goods markets within the U.S. Bezos didn’t steal his wealth from anybody; he created it, growing our economy.

[J @dailycryptic169]

@eggs_for_brekky @TomDavenport Yes, it’s true the top 1% have increased their wealth more than the middle class, but why should it matter if everyone is getting richer? If your salary increased and now you can afford a car, but your neighbor’s salary grew faster and he can get two cars, are you worse off?

[J @dailycryptic169]

@NatTowsen @TomDavenport @Massivetoe If you refer to hoarding as holding onto their capital and trying to invest it as efficiently and effectively as they can then how is that a negative. A Billionaire deciding to buy a majority stake a company use their expertise to run it efficiently is a positive for an economy.

[J @dailycryptic169]

@a_____a__a___a @TomDavenport @Massivetoe Greed is the very driving factor behind capitalism? It’s not a flaw it’s what encourages people to make more efficient decisions to improve their own well-being. I’m glad Elon or Bezos were both greedy because we now have more efficient and better products because of them.

[J @dailycryptic169]

@Papa_Banks @TomDavenport @RunForTheSkills So, the the solution to crony capitalism via heavy-handed government is more government?

[J @dailycryptic169]

@UrbanKaoboy Do you consider Macroeconomic factors in this analysis or mainly technical? Seems to me like the CCP is going to need to significantly out-stimulate the fed in the near future if it wants to protect its property or stock market?

[J @dailycryptic169]

@justinzollars @pmarca @WTF_1971 This is irrelevant, the data is adjusted for inflation

[J @dailycryptic169]

@cliff_booth__ Wild statement

[J @dailycryptic169]

@MichaelMOTTCM I wonder who is lying🤔

[J @dailycryptic169]

@cliff_booth__

[J @dailycryptic169]

@DesoGames There will still need to be some drastic changes to current social programs to reduce the growing burden on younger generations

[J @dailycryptic169]

@CryptoMichNL For an individual it doesn’t matter how reckless their bank is, but it does matter for the exchange they hold their crypto on. Their accounts at a bank are FDIC insured, so they can’t lose their money, while Binance or Gemini going under means their crypto is gone.