@Diacritic @jdcmedlock Have you been paying attention at all to what the CFRB has proposed with social security? Do you actually follow the debates? crfb.org/sixfigurelimit
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IridentDefender
3.3K posts
@IridentDefender @jdcmedlock The thing you were pushing for already exists
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I would encourage Republicans to go all in on cutting social security benefits. But for Democrats, I think the priority should be winning elections to defeat fascism.
James Medlock@jdcmedlock
Social security is so popular that Americans would actively choose taxing themselves over cutting benefits.
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@Diacritic @jdcmedlock Sigh I wish people like you actually understood what you were talking about. You can keep advocating for rich retirees to get maximum government payouts funded by higher taxes on everyone else but I'll keep pushing for something actually progressive.
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@IridentDefender @jdcmedlock You can just admit you didn't know something
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@Diacritic @jdcmedlock They are still growing at a rate that exceeds what we can pay. They need to stop growing this way "buddy"
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@IridentDefender @jdcmedlock Buddy. Social security payouts have always been capped
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@Diacritic @jdcmedlock There are no costs associated with capping the payouts and there is not a single "deserving" person cut out of social security payments by capping it at the current max payout. It requires *many* years of high earning to get to that point and they would still not be in poverty
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@Diacritic @jdcmedlock It doesn't have to be means-tested, just cap the payout. If you cap the payout at $100k for a couple, there will be no seniors living in poverty, the vast majority will unaffected and only very wealthy earners over many years will see reduced benefits. No overhead necessary
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@IridentDefender @jdcmedlock If it were progressive and stood to benefit the working class, Republicans wouldn't support it
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@Birdyword Would you say you’re monitoring the collapse of US hegemony and relevance?
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@hopes_revenge I like that you keep the extra spaces in your text for us humans
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@cremieuxrecueil That's because America is a decaying country that is incapable of producing much of anything of value at this point
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@jdcmedlock I think capping social security payouts makes more sense. Seems more progressive to reduce govt spending on just the wealthy retirees instead of upping taxes on middle class earners, especially when their costs of living (housing, child care) are so much higher
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A flat payroll tax increase is most popular with low income people
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Social security is so popular that Americans would actively choose taxing themselves over cutting benefits.
Michael Linden@MichaelSLinden
Twitter is Not Real Life, Budget Edition. The popularity of cutting Social Security or dramatically changing its benefit structure *on here* is approximately 1000x the popularity among the general public.
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@jdcmedlock I feel like the “some” is doing a lot of work there
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@howardlindzon Not sure how anyone can see the American people actively choose to put these people in charge and come to the conclusion America is good. Can you name a single country that causes more suffering and evil in the world?
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@IridentDefender Its a bad people for sure in charge but america is good
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It’s a perfect storm of deglobalization, degeneracy, debt, int rate direction , unserious people, negligence, fraud and bad leadership
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@acemoney21 @WarrenPies The world is realizing the US is the most destructive country on this planet and is run and populated by incompetent and evil individuals. You cannot see what is happening right now and come to a different conclusion
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@IridentDefender @WarrenPies lol youre not a serious guy. not sure why im answering you. i'll let Pies take care of you
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I’ll tweet this again because I’m getting a few DMs about my view moving fwd
You guys don’t understand. We are officially in next phase of this selloff. We’re done pricing the SoH disruption as an inflationary mess. We are now starting to price it as a recessionary mess. That
Warren Pies@WarrenPies
Stocks down Gold up 2y yield down Moving from the "inflation concern" phase of the crisis into recession concern phase.
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@GhostEnigma69 @NickWoolos Why would there be a low? The US is a doomed country, no one is going to invest there anymore
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@NickWoolos I would love a violent 3% gap down on Monday to put in a low
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@TheStalwart It's showcasing the fact that American is a doomed country at this point and becoming permanently uninvestable. China is the only country with a meaningful future now
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@Merridew__ It's over for American workers I think is a fair assessment in both cases
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@EpsilonTheory The US is doomed, the market is starting acknowledge that the American experiment is over and the future belongs to China. There's a reason the Chinese stock market is holding up better
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LOL. Oil is higher after this, not lower.
Imagine taking the team owner saying he has no “immediate plans” to fire the coach as a vote of confidence.
zerohedge@zerohedge
*US SIGNALS TO ALLIES NO IMMEDIATE PLANS FOR IRAN INVASION oil lower
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@mattyglesias I think there's a decent chance a notable amount of people will end up with a degree that is functionally useless if/when AI replaces the career path they were originally aiming for. "Learn to code" seems to be losing its merit
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There’s more to life than getting a bachelor’s degree but honestly this seems like pretty good life advice especially if you’re smart enough to get good scores on AP tests.
Noam Scheiber@noamscheiber
A generation of people in their 20s and 30s was told that if they do all this homework and take these AP classes and run up this debt and get their degree, their place in the upper-middle class would be secure. And suffice it to say it hasn’t worked out that way for a lot of them
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