Nick Wake

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Nick Wake

Nick Wake

@realNickWake

Midwestern Businessman, #Capitalist, Investor, former policy staffer, former Township Trustee. Sometimes I have good ideas that make money.

Michigan, USA Beigetreten Mart 2014
822 Folgt587 Follower
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Nick Wake
Nick Wake@realNickWake·
"Never have I been more impressed with the advice I once received: 'You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.'" - Milton Friedman This is why it's important to get out of your echo chamber.
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Nick Wake
Nick Wake@realNickWake·
Victory in the Space Race? Not sure their flag is on the moon or their satellites are hurtling into deep space still transmitting. The free healthcare is not the healthcare you'd want, the education was horrifically biased, that literacy rate is the propaganda number, and the homeless froze to death in documented cases. And we don't even really want to talk about the political prisons and gulags like Nazino (Cannibal) Island or the road of Bones to Kolyma...
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James
James@James41890275·
@vandal_muldoon @mtaibbi Yeah, that free healthcare, education, 100% literacy rate, no homelessness, victory in the space race, defeat of the nazis, we hate any country that is all about those things.
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Matt Taibbi
Matt Taibbi@mtaibbi·
Dude I went to a Soviet college, one reason I was never any kind of Marxist. Continually amazed at how little they must be teaching of 20th century history now
1 fish 2 fish red fish blue bitxh@beagewill

@mtaibbi 15 years ago you'd be (rightly) singing Mamdani's praises. He has done legitimately great things in NYC. But you're just a dumb sideline sniper now.

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Nick Wake
Nick Wake@realNickWake·
I love it when they think they did a sick burn insult then block you before you can respond. If you're going to make an ad hominem attack, say it full-throated and be ready to defend it.
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Nick Wake
Nick Wake@realNickWake·
@DorothyEubank16 If you didn't invest a cent in all that time and don't let the money work for you, of course you're not going to have the outcome of those that do. This isn't a solid economic argument
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Nick Wake
Nick Wake@realNickWake·
This is counterproductive. Data is the new oil, and we can either work to responsibly build data centers or we can let that investment go to other states or other countries. mlive.com/news/grand-rap…
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Nick Wake
Nick Wake@realNickWake·
100% agree. There's a reason why even Deng Xiaoping adopted limited market programs and it allowed for China's explosive growth. Imagine what a full free market China would look like. When you get government involved in markets, you add a bureaucrat in the middle of the organic market calculations which then siphons off money to pay their salary. That adds cost and thus inefficiencies in the marketplace.
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Kakeslott
Kakeslott@kakeslott·
@realNickWake The government also simply cannot allocate resources appropriately, no central authority can gather and work through all the data necessary to do so A decentralised market can adapt to needs much faster because people have the freedom to satisfy their changing needs
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Nick Wake
Nick Wake@realNickWake·
@IntheBenzzo @dietrich_eiden No, I just have my lived experience. I'll trust that over abstract talking points. And it wasn't just housing coalitions. That was an example, but teachers unions, medical marijuana individuals, community folks all came in more than the Elon Musks of the world.
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Ben
Ben@IntheBenzzo·
@realNickWake @dietrich_eiden Housing coalitions are known to be owned by the bottom 2% who can barely afford homes yea okay 👍 You guys will conflate housing coalitions with homeless people but won’t entertain the idea that billionaires will and do lobby way more than the 2% lol
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Ben
Ben@IntheBenzzo·
People get mad at others stealing from stores while billionaires steal from your pay-check and your taxes all while doing all they can to avoid paying taxes on their end. Billionaire defenders are hypocrites
Roku@RokuHouse

Those damm billionaires

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Nick Wake
Nick Wake@realNickWake·
@TedRall "I've stubbed my toe; only amputation can save me"
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Ted Rall, America's BS Detector
Ted Rall, America's BS Detector@TedRall·
If a single person is hungry or homeless or sick without medical care, capitalism has failed. Only communism can save us.
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Nick Wake
Nick Wake@realNickWake·
@Fuggins4u No one hoards wealth; that's not how you grow to that level. You invest, create value, and put the money to work. You don't have to like it, but then hate it for real reasons.
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Nick Wake
Nick Wake@realNickWake·
Literally anybody can go into a legislator's office with an appointment to advocate for their issues. Having worked in the legislative branch as well as running a trade Association, I've been on both sides of the table. In fact, we were lobbied more by housing coalitions then we were the 1%.
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Ben
Ben@IntheBenzzo·
@dietrich_eiden It’s not inherently only the 1% but who has the most power, wealth and subsequently influence. Elon was literally the head of DOGE who cut programs helping citizens to prioritize his own wealth. Funny how he climbed from a billionaire to a trillionaire since then
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Nick Wake
Nick Wake@realNickWake·
@Jasonwe99342411 @grok @beemuhamma Grok is giving important context; that you're not liking the answer and it doesn't align with what you believe doesn't change the fact that having your value in stocks is a completely different ball game than having it in precious metals that sit in a vault.
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Jay
Jay@Jasonwe99342411·
@grok @beemuhamma Your fucking lying grok,your asking grok the right question,but your not asking it right or the phrasing is wrong,it will play this game all nite until you ask it the right way,whatever that is for that specific?
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bee
bee@beemuhamma·
Hey @grok, if Elon Musk is worth over $1 trillion, count the gold bars in this image and tell me whether this vault is richer than him.
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Nick Wake
Nick Wake@realNickWake·
@JamesTate121 Yes, let's regress to 70 years while the rest of the world matches on. Economically, the world is vastly different from the 1940s and 50s, and any attempt to go backwards wouldn't have the results you think.
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James Tate
James Tate@JamesTate121·
Restore the tax structure of the 1940s and 50s. Then we can have nice things again.
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Nick Wake retweetet
Morgan Stanley
Morgan Stanley@MorganStanley·
Some moments stay with you. A look back at the extraordinary team behind a milestone achievement. Morgan Stanley was honored to support @SpaceX team through its IPO, serving as joint lead bookrunner and hosting the opening of trading in our offices last week as sole stabilization agent.
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Nick Wake
Nick Wake@realNickWake·
I have a similar strategy, but I also have a small speculative streak
The Dividend Strategist@Divy_strategist

Here’s why income investing resonates with me above everything else. I don’t want to sell shares to generate cash flow. During COVID I made a decent gain on a non dividend paying stock. I continued my research and discovered that some of the greatest businesses on earth pay dividends. It clicked immediately. Why hold a great business and sell shares to generate cash flow when you can hold an equally great business that pays you to hold it? To me that was a no brainer. Does my passive income replace my 9-5 salary today? Not even close. But that doesn’t diminish the feeling of watching it grow every single month. It’s coming. That is the vision and I will achieve my goal. To anyone who thinks income investing is too slow or too boring, to each their own. Choose whatever works best for you. The point is to create a plan and stick to it. Cheers my friends 📈

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Nick Wake
Nick Wake@realNickWake·
@BStampo @MKW9 @AaronRegunberg Bless your heart. Dismissing legitimate claims with ad hominem attacks usually means your arguments are based on emotions, not facts. Envy is certainly an emotional; so is entitlement.
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Bort Stannpo
Bort Stannpo@BStampo·
@MKW9 @realNickWake @AaronRegunberg Makes sense considering all your posts are gargling on Elons nutsack Nature blessed you with a brain but you waste it defending people who would melt you down for bio-fuel to power their robots if the option was available
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Aaron Regunberg
Aaron Regunberg@AaronRegunberg·
It's just bonkers that there are still grown-ass adults arguing that our economic/political system is good, knowing there's now a literal trillionaire existing while most people are barely scraping by. You just have to have such a baby-soft brain to maintain that insane belief.
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Nick Wake
Nick Wake@realNickWake·
@BStampo @AaronRegunberg You're looking at what others have and want it for your own purposes; that's envy. You claim it's a failure of government and yet want them to have more power through taxation. If government were more efficient in actually prioritizing those programs, you would have an argument.
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Bort Stannpo
Bort Stannpo@BStampo·
@realNickWake @AaronRegunberg A trillionaire existing, or even billionaires is a direct failure of government. Not surprising since its their influence over policy that causes the failure. Noone is envious, people just want to have a home and be paid fairly for their work, have clean water to drink, etc.
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Nick Wake
Nick Wake@realNickWake·
Well, first off you've invalidated your own point by claiming he "stole" anything. Second, let's talk about the misallocation of resources by government. If helping the disabled were a political priority and not a convenient talking point, government would be allocating more resources to it. It's easier to keep a problem and campaign on it than to actually fix it. That's why politicians have to blame someone else.
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BladeoftheSun
BladeoftheSun@BladeoftheS·
Elon Musk alone has stolen enough money to pay the Disability Benefits of all 9.5m Disabled People in the USA for the next 9 years. But apparently it is the Disabled People who are 'unaffordable'. Only makes sense if you failed Math.
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Entdecken

@vandal_muldoon @mtaibbi @DorothyEubank16 @IntheBenzzo @dietrich_eiden @TedRall @Fuggins4u @Jasonwe99342411