Danny Seigle

Husband (wife not on X), Girl Dad x2, Runner, Skier, Avid reader and podcast listener, libertarian, keeping assets running @maintainx

[Danny Seigle @danseigle]

@neversupervised There is a big van life culture in Portugal. Was able to see a large % of the country by renting a camper van.

[Danny Seigle @danseigle]

On my morning dog run in Austin, I usually see 6-8 @Waymo’s taking neighbors to work. Today I saw 6 @Tesla CyberCabs and 0 Waymo’s. Is this an early indicator of how easy it is to switch to a better transportation product? Massive ramifications for @Uber’s future.

[Danny Seigle @danseigle]

@neversupervised You going to build AI for the gov? Start with DMV software.

[Danny Seigle @danseigle]

Maybe you should focus on making California more livable and lower taxes. This would allow families to buy the items they truly need, instead of a free 60 day supply of diapers.

Furthermore, this is probably deployed through an NGO fraud scheme.

Hospitals should focus on care. Now they will be stocking and giving out 100s of diapers per baby born.

Once again terrible California policy disguised as positive.

[Gavin Newsom @GavinNewsom]

HUGE NEWS: California just became the FIRST state in America to provide FREE DIAPERS to all new parents.

Launching this summer.

Since I became Governor, we have made preschool FREE, school meals FREE, and expanded paid family leave.

Stop talking about lowering costs for families — DO IT!

[Danny Seigle @danseigle]

This is true, but most people won’t be able to understand it.

[Geiger Capital @Geiger_Capital]

The reason many of our leaders hate people like Nayib Bukele in El Salvador is because he has quickly proven that crime and societal decline are not inevitable or beyond control…

It’s a deliberate choice allowed by weak leaders, terrible policies and suicidal empathy.

[Danny Seigle @danseigle]

@comradetrend @mariadavidson Notice the development on one side of the bridge. Fairly certain you don't want mountain lions there. Perhaps the government's incompetence in this this unique case is a blessing. Sadly it came at the expense of honest tax payers.

[Danny Seigle @danseigle]

@mariadavidson Yeah, so the increase in spending is even more staggering on a per student basis.

[Danny Seigle @danseigle]

@mariadavidson Don’t forget that gov services also got worse over that time (schools, homelessness, streets, utility costs, permit times, etc). Sure sign of fraud and incompetence.

[Danny Seigle @danseigle]

The simple solution to the MN fraud is to ban political donations from entities (for profit or non-profit) if you receive government payments. This prevents “round tripping” the funds for political patronage. @grok is this a good idea?

[Danny Seigle @danseigle]

You couldn’t even keep your state open during COVID.

Trump just opened up a path to peace in the Middle East.

[Gavin Newsom @GavinNewsom]

The only thing Donald Trump can keep open these days is an umbrella.

[Danny Seigle @danseigle]

Welcome home!

[Danny Seigle @danseigle]

Congrats @NellieBowles and the @TheFP team. Super proud of you.

Appointing you editor-in-chief of the Cate School Newspaper was clearly the right decision.

[The Free Press @TheFP]

An announcement from @BariWeiss: The Free Press is joining Paramount.

Read more: https://t.co/tFH1mA3t4F

[Danny Seigle @danseigle]

@Tesla @Tesla is the delivery fee waived?

[Danny Seigle @danseigle]

@elonmusk @elonmusk - will you waive the delivery fee?

[Danny Seigle @danseigle]

@BlightedTruth @NWischoff Agreed. That’s why we need to create a visa program for childcare givers to reduce the cost.

[Danny Seigle @danseigle]

@marcymia1 @NWischoff Glad you agree that current regulations clearly don’t lead to positive outcomes.

[david friedberg @friedberg]

America's Biggest Mistake?
A portion of every American's paycheck is deposited into the Social Security trust fund (OASI), which is then invested to create returns that aim to support long-term retirement payments.

Since 1941, OASI has ONLY invested in US treasuries, averaging an annual return of just 4.8%. Meanwhile the S&P500 has been compounding returns at 10.5% per year.

If instead of buying treasuries, OASI bought the S&P500 index starting in 1971 (the year the US went off the gold standard), it would have a $15.1T balance today and Americans would all share ownership of ~1/3 of America's best companies, likely supporting increased retirement benefits, lowering taxes, and reducing Federal debt levels while being the world's largest sovereign wealth fund.

Instead, OASI has a $2.7T balance today and is projected to go bankrupt in 2032, as retirement benefits swell while annual returns on US treasuries held by OASI have shrunk to <3% per year recently.

Many economic inequities in America can be traced back to this structural mistake. By not investing OASI in equities, only privileged Americans with private pensions, 401(k)s, IRAs, and other investment retirement accounts have benefited from the marvel of American capitalism, leaving behind the tens of millions of Americans who had no choice but to rely on Social Security and were left reliant on low-yielding US treasuries.

It is not too late to change. Social Security can still pivot to an equity-driven investment model, driving future balance sheet growth, providing investment capital to American businesses, reducing the dependence on Federal taxes and money-printing, and giving all Americans ownership in America's best businesses.

Rather than create a new sovereign wealth fund, while ignoring the imminent failure of Social Security, legislators can restructure Social Security. By adding ~$500B directly to OASI, investing the entire balance in the S&P 500, and assuming future annual returns of ~10.5%, OASI will grow while also meeting all future retirement obligations, rather than shrink away into insolvency.

The longer we wait to fix Social Security, the more expensive it will become... shifting to an equity-driven investment model now could ensure its long-term viability, address economic inequities across the US, create the world's largest sovereign wealth fund, and give every American ownership and participation in the rewards of American capitalism.