Heather Hicks

[Elon Musk @elonmusk]

💯

[The All-In Podcast @theallinpod]

David Friedberg: How to Save Social Security Using Compound Interest

@friedberg with an incredible breakdown on E219:

"The US Social Security Program is meant to be kind of the retirement program for folks that don't have access to private retirement accounts."

"This program was set up in the 1930s after the Great Depression. There's a trust fund, the OASDI, which is the fund that they invest the capital (from)."

"So every year we all put money in with our social security taxes out of our paychecks, (which) goes in there."

"It gets invested in one thing: US Treasuries."

"Which have averaged about 4.8% return per year since the beginning of the program."

"Meanwhile, the S&P 500 has been averaging 11%."

"So here's the math: if in 1971, which was the year that we went off the gold standard in the US, if we invested the Social Security Trust Fund in the S&P, the balance of the social security trust fund today would be $15T."

"That would be roughly one-third of the value of the total S&P 500, which would be jointly owned by all Americans."

"Now here's what's f*cked up: the middle class people who had access to private retirement accounts benefited by buying the S&P 500 and the wealthy were able to access it."

"So all of the equity value that accrued from American enterprise and the prosperity of the American system accrued to the people that had access to the private accounts."

"Meanwhile, the people that only had access to the public accounts got stuck owning treasuries."

"Today, the Social Security Trust Fund has a $2.7T balance, and based on the outflows and inflows, it's going to go bankrupt in 2032."

"So I did the math: If you assume that the S&P 500 continues to grow at 10.5% per year on average, we could put about $500B in the trust fund today, and it will not go bankrupt again."

"And it will continue to grow every year. And then all Americans have participation in American enterprise."

"And importantly, this becomes the world's largest sovereign wealth fund ever. You don't need a separate sovereign wealth fund. We already have one."

"We've totally mismanaged it. And I went back to try and understand why this is the case. Why have we only ever bought treasuries? "

"Early on, the US needed someone to loan money. So they basically forced the citizens to loan the government money in the form of treasuries."

"But today, the social security trust fund owns less than 10%, about 8% of the total treasury bonds outstanding."

"So why are we forcing all the American citizens to participate?"

"Through the social security system, we've created the deep inequity we see in this country."

"If instead we had allowed the social security system to invest in the S&P 500 to buy American enterprises to fund American businesses, then every American would be wealthy and that middle class that uniquely participated by basically arbitraging the market where they forced the treasury bond yields on the poor and they got to take access to the equity yields would have not happened."

[John Kennedy @SenJohnKennedy]

During the pandemic, we sent out $1.4 BILLION in checks to dead Americans—and they were cashed.

My Ending Improper Payments to Deceased People Act would help make sure government doesn’t waste more taxpayer dollars.

[The White House @WhiteHouse]

DJ's story ⬇️

[Mike Lee @SenMikeLee]

When you see Democrats wearing pink for the TV cameras tonight, remember that 45 of them voted for men to invade women’s sports just yesterday.

It’s all an act.

[Elon Musk @elonmusk]

Interesting

[Elon Musk @elonmusk]

The power of the unelected Federal bureaucracy has grown to become an unconstitutional “FOURTH BRANCH” of government!

Especially with the creation of their own internal court system, it has become the most powerful branch of government.

We must fix this!

[Elon Musk @elonmusk]

Very wise words

[Joel Berry @JoelWBerry]

Elon Musk isn’t one man influencing government. He’s one man representing the millions who don’t have a voice because their elected representatives stopped listening to them.

[Heather Hicks @heatherhicksre]

@tedcruz It is time you step up! We voted for change and now is your time to back that up. You need to vote as your constituents want not what you want. @SenRickScott Let’s be clear we are watching how you vote and represent us. Next time may not be so favorable.

[David Sacks @DavidSacks]

WHY TRUMP WON

While the legacy media has a meltdown searching for hitherto undiagnosed psychoses in the electorate to explain its embrace of a Hitlerian strongman, the truth is much simpler than their fictions.

This election is a reminder that after all the manufactured drama and overheated rhetoric, politics is still about issues. Whether you agreed with him or not, Trump ran a substantive campaign based on issues like the border, inflation, crime, and war.

Harris ran on vibes, celebrity endorsements, name-calling (“convicted felon”, “fascist”), debunked hoaxes (“very fine people”), and platitudes (“democracy”). She would neither defend the Biden-Harris record nor say what she would do differently. When she did talk about specific issues, they were often stolen from Trump (child tax credit; no tax on tips; border funding).

On the one issue where Democrats had an advantage, abortion, Trump deftly got ahead of the issue by rejecting a national ban and removing problematic language from the GOP platform. Harris wore out the issue by blatantly lying about Trump’s position and by exhibiting her own party’s extremism (nobody needed to see an abortion truck at the DNC).

While Trump expanded his coalition with MAHA (health) and DOGE (government efficiency), Harris concluded her ersatz campaign by going all in on demonizing her opponent, pretending Madison Square Garden was a Nazi convention.

The fact that voters saw through it should be reassuring, even if you don’t agree with the result. Voters want to know how a candidate will give them a better life and, increasingly, they have learned to tune out the rest as noise.

While the legacy media creates excuses and impugns the motives of voters to explain why Trump won, the reason is simple: Trump is the candidate who spoke to voters’ concerns directly.

It’s the issues, stupid.

[David Sacks @DavidSacks]

Watch this and then let’s have a conversation about who’s perpetrating “fascism” in this country.

[Heather Hicks @heatherhicksre]

@ByronDonalds Thank you for the facts! Dems only want to tear down America! Keep fighting for this great country! 🇺🇸

[FoxyFarmer🦊🇺🇸 @GardensR4Health]

🚨Update from Jonathan Howard🚨

You guys made Jonathan’s post go viral and it blew everything up. Title 10 bullshit was resolved, more helicopters on the way…..

If Jonathan hadn’t gone viral, 100’s of thousands of people would have died.

This man is a super HERO ❤️

[Bill Ackman @BillAckman]

The best thing that can happen for long-term supporters of the Democratic Party is for this election to be a massive loss for the party. That’s the only way the party will reform itself.

Consider how the party shut down competition in the primary, misled the public about the health of the president, chose its nominee without a democratic process, and ultimately today selected its VP.

When something is totally and fundamentally broken, the best thing to do is to start over. We won’t see a reboot of the party unless it takes a massive loss in this election.

Please vote accordingly.

[Heather Hicks @heatherhicksre]

@elonmuskTN A

[Bill Ackman @BillAckman]

A friend who supports Biden and hates Trump complained to me this morning that I am being narcissistic by sharing my views publicly on the presidential election, and that I should keep my views to myself.

I explained to my friend that part of being a good citizen is participating in the political process. If one believes that one candidate is materially better for the country than another, one should advocate in any way that they can for that candidate. This is not narcissism. It is patriotism. All of us have an obligation to stand up and be counted.

[Elon Musk @elonmusk]

As a reminder, I am very much PRO increasing legal immigration significantly.

I’m not anti-immigration, I’m just against a massive number of unvetted people flooding into America, which any rational person should be.

[Heather Hicks @heatherhicksre]

Just posted a photo https://t.co/FdTgHBHWb2

[Heather Hicks @heatherhicksre]

Winter has arrived in North Texas! Here are a few suggestions to ensure your home, automobiles, and pools are well taken care of! 🥶❄️☃️
#winter #home #freeze #hometip https://t.co/FLurHMV0k6