Democrats wishing to lose the ‘26 midterms should promote a 33 year-old socialist devoid of executive experience for mayor of America’s largest city and impeach a president who ended a tyrannical regime’s nuclear threat while achieving a cease fire days later.
it is vitally important for america that mamdani get elected mayor of NYC. he can help maximally and swiftly tax the rich, stand up govt-run grocery stores, eliminate the police force, freeze rents, and make public transportation free..
it’s unlikely that taxing the rich will cause them to move to other cities (collapsing nyc tax revenue), or that city-run grocery stores will fail to increase fresh vegetable consumption in the inner city, or that elimination of the NYPD will cause a rise in crime and decline in quality of life, or that freezing rents will drive landlords to dump properties (collapsing prices and property tax revenue), or that free public transportation will result in union-led kleptocracy. no way. i’m sure this time socialism will be different…
if Americans don’t want to learn the lessons of socialism’s failures elsewhere, we should aim to learn them here as quickly as possible.
let’s make sure one or two cities and states fall apart fast so the rest don’t have to.. elect mamdani!
after accruing $2 trillion in student loan debt, that they will never be able to pay down, it’s no surprise “the college educated in nyc are supporting mamdani 61-39”. the current system has failed them.
but the truth is, more government may not be the answer when too much government (indiscriminate federal student loans regardless of cost or quality of degree or institution) may have gotten them to this moment.
a gentle reminder, though, that an articulate ignoramus isn’t more correct than his less charismatic/authentic political rival. facts, data, truth still stand above theory, innuendo, and bullshit. socialism won’t work. if we have to re-learn that lesson the hard way, let’s do it fast and elect mamdani.
@sunny051488 I’ve been using Gemini and I don’t think it’s normally that bad. I think you can buy Bitcoin, but you can’t withdraw cash that you just deposited
After watching the Fox interview with the DOGE team, it’s clear to me that the domestic terrorism against Tesla isn’t bottoms-up vandalism. It’s an organized effort to pressure Elon to walk away from DOGE.
Why?
There are monied interests that have benefited for decades from the organized “leakage” from the government. It’s clear that DOGE is finding and stopping it.
The incentive, then, to hire rent-a-protesters and pay for organized terrorism is clear. What they don’t understand is the Elon will double and triple down.
Separately, the DOJ can uncover all of this by arresting the protestors, making them roll and following the money.
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.
@HermesLux Have you considered using Ledn to borrow from your BTC. Interest rate is 12.4% with no monthly payments. Put it into MSTR, should grow faster