South Bay Trades 🥳

Tech COO, Angel/VC, Former: Tech Banker, Big SaaS, Founder, Hopkins MBA

[South Bay Trades 🥳 @michaelpIato]

@ffspeaceman @bavareca @EmperorBTC Things Tesla is older than: Facebook, Pirates of the Caribbean movies, and Shake Ya Tailfeather

[South Bay Trades 🥳 @michaelpIato]

@BenWarbrooke @SloeWinslow @T3chFalcon Wrong

[South Bay Trades 🥳 @michaelpIato]

@SloeWinslow @T3chFalcon How dangerous unrestrained Mythos is. Fable is shackled and guardrailed.

Not the same at all.

[South Bay Trades 🥳 @michaelpIato]

@Vivek4real_ That's not how cap tables work at all.

How embarrassing for you.

[South Bay Trades 🥳 @michaelpIato]

When you're policy goal is to raise demand (new buyers and more capital to purchase), and you think the effect will be lower prices.
And then the State owns 45% of a bunch of houses bought at the top of a RE bubble.

[South Bay Trades 🥳 @michaelpIato]

How dumb is California? This dumb, apparently.

[CalMatters @CalMatters]

The California Assembly & Senate unveiled a joint spending plan that proposes a program in which the state would pay for, and own, up to 45% of a home.

That would cut the purchase price nearly in half, allowing more families to buy homes & build wealth https://t.co/m4W2z1HNOV

[South Bay Trades 🥳 @michaelpIato]

@NetflixAndLamp @orthereaboot Plenty of cars are sold without these features, why would they suspend deliveries?

[South Bay Trades 🥳 @michaelpIato]

Ladies and gentlemen, your Secretary of the Treasury

[South Bay Trades 🥳 @michaelpIato]

"Yellen says the government is operating like it's 2010, calls for more aggressive spending" https://t.co/LoGoMYakyZ

[South Bay Trades 🥳 @michaelpIato]

@VCBrags

[South Bay Trades 🥳 @michaelpIato]

@FoxNews

[South Bay Trades 🥳 @michaelpIato]

@nicole_chenelle 276k /year is "the working class?"

[South Bay Trades 🥳 @michaelpIato]

@IamNurseTrish @hopefulresident @DavidBegnaud What do you gain from this? from hoping people live in hatred and fear because you lie about what happens? You don't care about black lives, you don't care about truth, you care about your own image selfishly. Sit down self-promoter.

[South Bay Trades 🥳 @michaelpIato]

@QTRResearch Meanwhile, Sharon, MA like: "median income for a household in the town was $127,413 and the median income for a family was $144,167. "

[South Bay Trades 🥳 @michaelpIato]

@QTRResearch Lordstown is a good story too though. That town had zero chance and future but for them coming in.

[South Bay Trades 🥳 @michaelpIato]

@swingtrader Nah, just punishing those that didn't tow the party line. Ma was already on the central party's shitlist.

[South Bay Trades 🥳 @michaelpIato]

@steve_hanke you'll love this.

[South Bay Trades 🥳 @michaelpIato]

@keaneli @hknightsf That bad worldview is held by bad people? That bad people then do bad things? Pretty predictable really.

[South Bay Trades 🥳 @michaelpIato]

@binneystreetbio @ckwars @chamath Well, i'd probably keep the units the same "%"

Inequality reduced on a $ because everyone was poorer and has less PP to cover basic needs.

[South Bay Trades 🥳 @michaelpIato]

Everything @chamath says is a disaster. I'm not sure what game this is, but if he builds a whole 8 tweet thread by confusing "$" and "%," maybe don't trust him?

[South Bay Trades 🥳 @michaelpIato]

Inequality only went down in the absolute, not a %. Also, poverty and extreme poverty rose sharply in the 70s (~15%). 70s policy was a disaster for the poor, which continues through today.

[Chamath Palihapitiya @chamath]

Here is something I learned today:

1. 1979 was peak inflation. It was also when the gap between rich and poor was the smallest.

2. It was preceded by a big wealth inequality b/w rich and poor like today.

3. Solution started in late 1960s with LBJs war on poverty.