This fantastic figure by @jburnmurdoch is Exhibit 1 of what an aging society means for the political game: public investment, which is choosing future rewards over present consumption, gets squeezed out.
Still not convinced this is a first-order challenge?
ICYMI: @washingtonpost takes on Abdul El-Sayed's aggressive senior subsidy agenda:
"Seniors, as a class, are not a good target for more government goodies. Americans between the ages of 65 and 74 are worth $1.8 million on average, making them the wealthiest age group...
Seniors mostly don’t live with dependents. Their health care costs are largely paid by the government. Their largest source of income, Social Security, rises faster than inflation each year. Many of them withdraw from retirement accounts, which are an even larger source of wealth than home equity, with a variety of tax advantages."
https://t.co/XynICILBN5
And how much value, in the form of jobs and wages and productivity, did Brin create with Google? Not to mention, he and his family fled to the US from the USSR, where we learned quite enough about what redistribution really means: shared repression and immiseration.
Annual income needed to qualify for a mortgage in the US:
January........$93,552
February......$93,792
March..........$97,824
April.............$101,424
May..............$106,128
June.............$109,152 (most recent data)
(National Association of Realtors' housing affordability index)
Nearly 8 in 10 net new American jobs since before COVID have gone to foreign-born workers, according to BLS household survey data from February 2020 to May 2026.
how bad does it have to get before we make seniors pay the same taxes as everyone else, and stop bankrupting America to keep spending more on Medicare and Social Security?
another 10 years of this?
Reading this Kevin Erdmann paper convinced me that the single most effective policy that would increase living standards at the bottom of the income ladder, reduce inequality and boost overall growth is massive housing deregulation. Nothing else comes close.
The US homeownership rate is 65%. Except it isn't...
That number is the share of housing units occupied by an owner. If you could people instead of houses, that number is 53%
New @MinneapolisFed measure, the homeowners-to-population ratio (HPOP) 🧵
https://t.co/FP8NlHku84
What they don't tell you is that the Senate cannot be abolished without abolishing the Constitution. Senate representation is literally the only part of the Constitution that cannot be amended.
LAID OFF AT 56 AFTER 15 YEARS AT UNITED HEALTHCARE
A full year of interviews. Nothing.
She's now a patient safety associate at a 60% pay cut, and she and her husband are selling their house.
"I know I'm capable of doing a great job, but nobody's giving me the opportunity."
No demographic group ought to receive special tax favors by virtue of its political clout, but especially not elderly homeowners whom the nation’s fiscal system already privileges.
https://t.co/qQ9CTSgN6v