K

Obviously not Manuel, but like him I know nothing

[K @user03996255]

@StateDept I agree with every word.

While we are talking about everyone being subject to the same laws and policing, could you send over Anne Sacoolas for a trial over the death of Harry Dunn?

[K @user03996255]

People like to point out that the 🇬🇧 stock market is failing, but this is part of the reason. Extreme deregulation with potential to be globally catastrophic.

This is why 🇺🇸 outperforms, safe guards in place to protect small investors (also see dual-class shares) are ignored.

[Hedgeye @Hedgeye]

Rule changes for the SpaceX $SPCX IPO:

Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.

This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.

Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.

Russell 1000 and Nasdaq 100 funds will absorb 24%.

The rules built to protect passive investors:

1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.

2. Nasdaq cut its inclusion window from 90 trading days to 15.

3. FTSE Russell cut its to 5.

All three benchmarks are now structured to buy SpaceX at IPO pricing.

[K @user03996255]

@mikealfred So was the US wrong to stop the Robber Barrons?

The US stopped Robber Barrons because their power/influence was strangling the competitive market you claim to support. Similar to today.

The question isn’t capitalism vs communism, it’s what type of capitalism.

[K @user03996255]

@davenatts @ZackPolanski I agree investment, but why would a Middle Eastern company selling oil to 🇬🇧 for example, not demand more £ for their oil. Ignoring the fact that oil is priced in $.

In the above case, unless we are 100% sustainable internally, it will have adverse impact on what we buy and sell

[K @user03996255]

@davenatts @ZackPolanski It “might” (big might) work if the britian was a circular economy and provided everything it needs.

But we don’t, we need things from outside of Britain and doing this will mean everything imported gets more expensive.

[K @user03996255]

@Dean_y_ I agree with the premise, but it should be nowhere near the private sector.

Only bad things can come from free labour to the private sector at the taxpayers’ expense.

Especially in industries that are not particularly well paid already.

[K @user03996255]

@LeftieStats If anything it’s more like a better type of conscription

[K @user03996255]

@LeftieStats No, why should taxpayer money be paid as benefits to people who refuse to help society?

I get it, it’s hard to get a job and we need a safety net. However, at the very least, an abled bodied person on benefits can contribute with labour.

[K @user03996255]

@LynAldenContact This is the amusing thing, the way people who want wealth taxes should go after wealth is by using the ways the wealthy take advantage of the system.

Similar to say using debt to buy X using tesla shares, shares used as collateral should be a taxed.

[K @user03996255]

@LynAldenContact I might be wrong, but the dual/multi class shares would allow this and them to keep control, no?

Zuckerberg only owns 13% of Meta’s equity but controls around 57% of votes.

His shares aren’t publicly traded either.

[K @user03996255]

@nickdhurt @TheNewsAgents @lewis_goodall @maitlis They did worry, they just dealt with the backlash by getting the police to suppress it.

Which says more about the time and how politicians back then viewed people in general, than the type of jobs.

[K @user03996255]

@annaroseridgway Not really. It’s compounds our problems. Robbing Peter to pay Paul.

Social care known for low wages will now get subsidies/influx of gov backed workers which can be paid below adult minimum wage.

And so putting pressure on the wages of people already in social care.

[K @user03996255]

@novaramedia @AaronBastani At a time when the uni and graduates are going down the pan, which in part is down to his government’s policies pushing too many people into uni to create an educated society.

The lack of awareness is depressingly amusing

[K @user03996255]

@whisperity @rawespresso Again, and apologies for the assumption, but this is the thinking of a single person who optimises their life in a way society doesn’t works.

It’s part of the reason the birth rate has crashed.

With a family/obligations to others this planning isn’t always possible.

[K @user03996255]

@whisperity @rawespresso I mean that’s a problem, but that’s not what’s happening at the moment.

If you have a family, you get hit by bills. If your wage doesn’t keep up you can’t just say well I won’t buy a school uniform or pay for day care.

Which have risen 30% and 60% respectively in recently.

[K @user03996255]

@whisperity @rawespresso Not in this environment, if you had a mortgage 5 years ago at 1% and it went to 5%, that doubled your payments. I don’t know many people whose salary doubled.

Thats not your fault, and it’s not a lifestyle problem.

Thats a failure which is out of your control and of the system.

[K @user03996255]

I think this NEETs problem is a sign of things to come.

While I don’t think the gov have helped, I think this has been on the cards for a while due to other factors.

It’s going to expand upwards (age wise) and there’s not a lot the gov can do about it.

[K @user03996255]

@PolicygapUK @nonregemesse Yeah if you can do both, but I think his point is more that in your 20s investing is hard when tied to life.

You want to invest that’s great, but you might also need to buy a house, networking and starting a family.

Increasing your wage is usually the better option early on