Drew Haggerty

Markets | Trading | Data Science | Machine Learning and AI

[Drew Haggerty @DrewHaggerty]

@infraa_ Then I guess that mean you should buy it then

[Drew Haggerty @DrewHaggerty]

@RobertStock6 What if we just lessened the load at the bottom?

[Drew Haggerty @DrewHaggerty]

@RobertStock6 But, I’ll play the game with you. Okay, I have now implemented a 1% tax on any wealth above $1B.

Now what happens?

[Drew Haggerty @DrewHaggerty]

@RobertStock6 Being “very confident” the shortfall in Treasury Issuance wouldn’t lead to a collateral shortage in a Triffin’s Dilemma type scenario is an insane statement to make.

[Drew Haggerty @DrewHaggerty]

@RobertStock6 “How’s that implemented? No idea.”

What effects would that cause? No idea.

“But I’m very confident we wouldn’t see a shift in anything noteworthy.”

The jokes write themselves at this point.

😂😂😂😂😂😂😂

[Drew Haggerty @DrewHaggerty]

@RobertStock6 Sure, go ahead. I’ll let you define the “rich” as I’m pretty loose with that term.

My predicted outcome? It would lead to capital outflow out of the United States, which is not what the World Economy is set up to handle.

[Drew Haggerty @DrewHaggerty]

@RobertStock6 If you heavily taxed the rich and reduced Treasury issuance, how would you collateralize the global financial system after restricting the supply of the world’s premier collateral asset?

[Drew Haggerty @DrewHaggerty]

@RobertStock6 And how is that?

[Drew Haggerty @DrewHaggerty]

@RobertStock6 We have spent $36T more than we have collected.

How does raising that money we spent through “taxing the rich” instead of through Treasury Issuance fix any of the issues we have?

[Drew Haggerty @DrewHaggerty]

@RobertStock6 If we are $36T in debt and still have the problems you think “taxing the rich” would solve, what good would “taxing the rich” do?

[Drew Haggerty @DrewHaggerty]

@RobertStock6 You are really outing yourself with this thread.

[Drew Haggerty @DrewHaggerty]

“Tax the billionaires” is a low-IQ signal because, at a $36T deficit, anyone with even an ounce of logical reasoning would conclude that government revenue is not a constraint on government spending.

[Drew Haggerty @DrewHaggerty]

AI is amazing, but it has taken the fun out of coding something yourself.

[Drew Haggerty @DrewHaggerty]

Well, that was fun.

[Drew Haggerty @DrewHaggerty]

Kinda want to short the market

[Drew Haggerty @DrewHaggerty]

A bunch of people who weren’t ready for the crash are going to tell you what to do about the crash.

[Drew Haggerty @DrewHaggerty]

@ClayTravis During the next financial crisis, the NBA needs to go to 0.

[Drew Haggerty @DrewHaggerty]

Sometimes I laugh so hard that I cry because you just a joke now