RenoRich

TANSTAAFL Groucho Marxist . Politically non-binary. Recovering Californian

[RenoRich @Renorich66]

“The world would not be in such a snarl, had Marx been Groucho instead of Karl.”

[Magatte Wade @magattew]

A strange thing happens when people inherit comfort.

They forget comfort was built.

When life works, people start treating abundance like the weather. It is just there.

That is how a generation can grow up inside prosperity and still fall for ideas that punish the very economic freedom that made their normal life feel easy.

[RenoRich @Renorich66]

@RepThomasMassie The poison pill tactic wins again.

[Thomas Massie @RepThomasMassie]

The House is scheduled to vote this week on a National Defense Authorization that would integrate our military tech & supply chains with Israel’s.

Today, the Rules Committee will decide whether my amendment to strip section 219 will get a vote.

RT to support the Massie amdt.!

[Thomas Massie @RepThomasMassie]

We should have known what they were up to when they renamed it from the Department of Defense to the Department of War.

[Handre @Handre]

A wealth tax taxes capital itself, not income from capital. That distinction destroys civilizations.

Think about what wealth actually is. Wealth is factories, tractors, shipping fleets, software firms, apartment buildings. Capital goods that make workers more productive. When you tax a fortune at 2% per year, the owner doesn't skim froth off a bathtub of cash. He sells productive assets, or he stops accumulating them, or he moves them to Zug.

France ran this experiment. The ISF wealth tax drove an estimated 42,000 millionaires out of the country between 2000 and 2012, and Éric Pichet calculated it cost roughly twice the revenue it raised. Sweden scrapped its wealth tax in 2007 after watching Ikea's founder park his money in the Netherlands for decades. Twelve European countries had wealth taxes in 1990. Four remain.

The deeper problem is calculational. Taxing capital shortens time preference across society. You punish the man who plants an orchard and reward the man who throws a party. Savings shrink, the capital stock thins, and wages fall, because wages track capital invested per worker, not political sentiment.

You cannot redistribute a factory. You can only liquidate it. Every wealth tax is a slow-motion capital consumption scheme, eating tomorrow's productivity to fund today's applause. The poor pay the final bill, in wages they never receive.

[Amity @amitylee13]

GM!

[RenoRich @Renorich66]

@billybinion It celebrates one man's massive ego .

[RenoRich @Renorich66]

@SecScottBessent @usmint It's celebrates one man's ego.

[Thomas Massie @RepThomasMassie]

Today we’re marking up a bill in the Judicary Committee called “H.R. 9191, the National Fossil Act.”

I haven’t read it yet, but I’m assuming this has something to do with Senators.

[RenoRich @Renorich66]

@brad_polumbo You have a binary choice you either celebrate or you don't.

[RenoRich @Renorich66]

@jacobin Only if you change the age to purchase alcohol, tobacco, and firearms to the same.

[RenoRich @Renorich66]

@BernieSanders

[RenoRich @Renorich66]

@jacobin What we? This we? That we? Who we?

[Rothmus 🏴 @Rothmus]

Louisiana has the highest share of minimum wage workers, 2.2%.

Colorado the lowest, 0.1%.

National average is 1%.

Under 25s make up 43% despite being only 20% of hourly workers.

Mostly kids, teens, and entry level gigs in food service and retail.

“We need to raise the minimum wage!”

No. Stop pushing kids out of jobs.

[RenoRich @Renorich66]

@jacobin @ZohranKMamdani

[WSB-TV @wsbtv]

5 ex-Georgia police officers charged in misuse of license plate reader data https://t.co/6sbrsMbZwV

[RenoRich @Renorich66]

@LucifersTweetz No, just delusional.

[RenoRich @Renorich66]

@kevinnbass April fools?

[RenoRich @Renorich66]

@libsoftiktok @FIFAcom Looks like he bought an Argentina sweater with an upside down US flag on it.