Gregory Selbe

Wages have shrunk to a small fraction of what they were in 1965, when the minimum wage was $1.90. Gold was $35 per ounce then, $2700 per ounce today. The richest 20% of the population in 1965 held 40% of the wealth, today 63% of all wealth gets pushed to 1% of the population. Only capitalism, with the right guide rails, can reverse the trend. And the only guide rail that can reverse our economic tendency to push 63% of all wealth to 1% of the population, (as shown in the link below), is to significantly increase minimum wage laws, like a nationwide $25/hour minimum wage. The USA did this before, without knowing it: In 1965 the minimum wage was $1.90, while gold prices were $35/oz. Today gold is $2,700/oz. So, in today’s money a $50/hour minimum wage would be smaller than the $1.90/hour minimum wage of 1965. To give an example, in 1955 my dad married his High School sweetheart, then in 1965, with blue collar wages and 4 kids, (one parent income), purchased a brand new 4 bedroom house in Orange County California. If everyone could possibly lose their ridiculous negative assumptions about minimum wage laws, then today’s young people could afford the same standard of living that the boomers’ parents enjoyed. Significantly higher minimum wage levels will NOT increase prices. Because market forces will instead push profit margin to Small Business, from Big Business. Here is the explanation: 1.Yes, Small Business & Retail fear that they cannot afford a $25/hour minimum wage law. Everybody incorrectly assumes that. But that’s based on the incorrect assumption that each Small Business/Retail store stands alone. 2.However, each Small Business is not alone. A region wide minimum wage law puts all Small Businesses and Retail in the region, into the same predicament. That shared predicament gives all Small Businesses in the region leverage against Suppliers up the food chain, (Big Business). 3.This is because Big Business cannot afford to, or allow Small Business to fail. This cannot happen. It is impossible. 4.Factories and production lines will not be allowed to waver. In addition, the products being manufactured will not be allowed to go unsold. 5.Products will be delivered to customers. Millions of employees will be paid to accomplish that. 6.Therefore, Big Businesses Suppliers will have no alternative but to lower prices to Small Business and Retail outlets. 7.Today 63% of all wealth created by employees doing their jobs is being pushed to 1% of our population - the owners and shareholders of Big Business. Therefore, Big Business has more than enough money to pay all the costs of the minimum wage increase. 8.Since millions of employees working at or near minimum wage receive a significant pay raise, the Small Businesses and the Big Businesses in turn get millions more customers with money to spend. oxfam.org/en/press-relea…

@PatriotXV11 @libsoftiktok Capitalists are mistakenly earning less profit from our economy than possible. That is the only thing causing poverty, homelessness and the plight of the working poor.

@libsoftiktok Here we go! Communism is raising its ugly head in America’s largest city! We have let the wolf in the gate!

BREAKING: Mamdani calls to “remove” property owners and “transfer ownership” to tenants and nonprofits

Profit seeking capitalism can become loved & appreciated throughout the world when “intelligent” people accept that significantly higher minimum wage levels will increase profits & eliminate poverty, homelessness, the plight of the working poor, and even soften some of the slightly scary religious enthusiasm we see lately.

Poppy Liu: "Capitalism is the greatest evil on earth" (she immigrated from China & made millions here)

@WallStreetMav Economic experts have some fundamentals completely wrong. Specifically, wages are way too low, while Tax&Spend policies are way too high. No. Other. Explanation.

“Home prices have doubled since 2019 while wages are mostly stagnant.” “Let’s gaslight him and tell him to stop drinking lattes.”

@GuntherEagleman The elites of the world have pushed people too far.

🤣🤣🤣 THOUSANDS of British patriots at Tommy Robinson’s massive rally BOOED every single failed globalist leader on the screen… except ONE. MACRON: “BOO!” VON DER LEYEN: “BOO!” MERZ: “BOO!” CARNEY: “BOO!” ALBANESE: “BOO!” STARMER: “BOOOOOO!!!” TRUMP: “YEAHHHH!!!” 🔥 The people know exactly who the real one is. Europe is DONE with these clowns. Trump is surging worldwide! 🇬🇧🇺🇸 H/T @EricLDaugh

@Mcclainseanm @elonmusk @TheChiefNerd Government overspending, high taxation & counterproductive government programs are huge problems. How can people believe that they explain the magnitude of inflation such that $35 in 1965 bought an ounce of gold, while today it takes $4,500 to buy the same ounce of gold??

If the government overspends its income, there is infaltion because the goverborrows against the federal reserve and they print money to get the funds. Inflation is the number one source of all the issues you claimed are problems with society. Democrats want to keep spending and increase taxes a bit but not enough to overcome spending. They want to increase inflation. All the issues you dont like about society will only get worse not better due to this. They are lying to you. Double check me, look at all the sources. Dont trust me but dont bkindly trust them either. Inflation is a slow poison that infects the economy. GOP are not much better but they at least claim to be against over spending. Even if they rarely if ever fallow through. If a democrat socialist proposed spending increase without going into massive debt they may have a point. But they never do. They are always borrowing from the future with really no interest in paying it off.

🚨 JENSEN HUANG: “The amount of energy that we need for computing is probably 1,000x more than we currently have.”

@GuntherEagleman Plus, Byron Donalds will be available after his time as Governor of Florida.

Vance or Rubio?

@Mcclainseanm @elonmusk @TheChiefNerd Read with interest your explanations involving the thing economists call, “inflation”. I agree that it’s super important, but I see it differently. I see inflation as a symptom of something else.

@GregoryASelbe @elonmusk @TheChiefNerd You are confusing capitlaism with distoritions caused by the federal reserve. Also you didn't read my whole long post. Inflation is your enemy. Every socialist is fine with inflation. Figure out why. Stop accepting an answer from someone else and figure it out yourself.

Glance at the symptoms to see how well our version of capitalism is performing. Voters judge how well the free market works for them, and then react by electing far Left politicians who enact ever increasing & destructive Tax&Spend policies at the City & State level especially, and in nearly half of federal House & Senate seats. Mamdani and Bass seem comfortable with socialism. We’re kidding ourselves if we believe our economy is based on profit seeking capitalism, the way it was in the 1960s.

Thats mostly do to inflation, blame the lack of a gold standard and the federal reserve. That said you also have a super computer in your pocket and you can buy such a home and sustain such a life in the right area with low cost of living. Some things have gotten cheaper and some things more expensive. If we logged our national forest more (and actually tried to stop forest fires again) we would have far more wood available and thus the cost of new home construction would go way down. But we artificially limited our supply. If we had super cheap power and used it to build super cheap concrete we could lower the cost of houses as well. Increase supply of needed goods is obtained through either technological innovation or new sources are found. Both are driven by people will to risk time, effort, and money on attempting to bring those extra supply to market. That risk needs to be rewarded consummate with the amount of risk. You can not manage risk from a command economy and while government can encourage spending in a sector they can not effectivly mitigate risk in every possible vector as to be as viable as the free market. People need to risk to increase supply. What are you risking? Capital (be that funds, assets, or just labor). Increaese supply leads to lower costs. Lower cost due to an over abundance. Capitalism and the freemarket doesn't produce abundance as a goal, its a side effect. Its not even a desired side effect but just a natural biproduct of the process working. That makes it hard for some to grasp. No one is usually trying to make an an abundance with Capitalism, but they often must to compete or meet market demand. Capitalism doesn't work because its good or moral, it works because it inpowers the engine of human ingenuity by rewarding risks of capital. Inflation can undermine any system as it lowers the value held by the community that often spends as much as they take in and increase the value held by the large assets holders. Since most people jn the economy are not large asset holder they suffer. Inflation is so detrimental to the wroking class, the idea they are sold on spending more government money on benefits for the working class is the greatest fraud ever perpetrated in the modern era. When the government over spends their budger to bring benefits to the working class they are making the working class poorer via inflation, everything becomes more expensive, while making the most wealthy even richer. It also limits the amount of liquid assets small business has to try new ventures thus lowering the amount of risk taking (which stops abundance growth). And the press has convinved them its in their interest to shoot themselves in the foot like this. Ever wonder why schools are failing? This is why. To ensure the working class grow up uneducated in these matters so they keep voting for inflation. Communism is a different griff but follows the same theme. Convince the wroking class to give a small set of elites more power on the promise they help them but in the end it only ends up helping the elites. Forgoing benefits and cutting spending seems like a terrible idea for a working class but only on a short term horizon. Working class should be advocating the harshest cuts possible to cause deflation. Deflation scares economist because its bad for the large asset class but good for the working class. Ever wonder why not a single media outlet promotes deflation? While deflation would have economic fallout, the average worker going from paycheck to paycheck would have a great time. You eventually want to stop deflation and return to soft inflation but a small deflationary period would do the economy some good, especially for the working class. Yet not single politician will advocate for this. Remember this as you vote.

But abundance is limited to all customers’ ability to purchase stuff. In 1965 a guy with a mediocre job could provide a brand new 4 bedroom house, groceries & utilities for a stay at home wife and 4 kids. (I saw it). Young people today know they have a small chance for the same thing, because they are being paid in extremely devalued money: in 1965 $35 to an ounce of gold, in 2026 $1,450 to the same 1 ounce.

@GregoryASelbe @elonmusk @TheChiefNerd The fix for poverty is to make poverty livable. The only way to do thatnis increase abundance. Yes, the only way. Every other way has failed. So shift your mind into thinking of how to increase abundance.

@KerryHolmekb Important facts. Very grateful.

🇺🇸 Donating every single paycheck… Working without taking a dollar in salary… No matter where you stand politically, many Americans saw that as a powerful statement of service. 👏 THANK YOU, MR. PRESIDENT 🇺🇸🔥 Do you respect this decision? 👇 YES 👍 or NO 👎

@hashjenni Colorful language oft proclaims important nuance.

I have a question? Why use foul language? Can't you say what you want to say without swearing?

@Shalxxx1 @elonmusk @TheChiefNerd Again, the response doesn’t address any of the facts in my posts. Nothing in the response contradicts any fact in my posts.

@GregoryASelbe @elonmusk @TheChiefNerd I just told you that countries that have the highest numbers of billionaires have the highest standard of living: Monaco Lichtenstein Hong Kong Singapore Switzerland

@Shalxxx1 @elonmusk @TheChiefNerd This response doesn’t contradict any fact in my posts.

Thats BS. The wealth of the top 1% have nothing to do with wages. The wealth is in shares, not in cash. The corporations that are responsible for the top 1% of the wealthiest people are also those that pay the most. That's why they have so many job applicants. As of early 2026, an estimated 76%–78% of NVIDIA employees are millionaires, with roughly half of the workforce holding a net worth over $25 million.

@Shalxxx1 @elonmusk @TheChiefNerd But the standard of living has decreased significantly in those societies. You’re simply reacting, not thinking. You have no response to the facts in my posts.

@GregoryASelbe @elonmusk @TheChiefNerd You still don't understand that wealthy people are wealthy because they make the whole society wealthy. That's why countries with the most billionaires per capita also have the highest standards of living.

Low wages push 63% of wealth created to 1% of us, which is bad for business. (See link below). The wealthy should want wages pushed up to an optimum level in order to seek profit. For example, in 1965 40% of all wealth created was pushed to 20% of us, because wages were much higher back then. At that time a guy with a mediocre job could purchase a brand new 4 bedroom house for his stay at home wife and 4 kids in a nice part of Orange County California. I witnessed that. CEOs at that time made 20 to 21 times as much money as the average worker. Today CEOs make 281 times more than the average worker, which is bad for business. This problem gets hidden by devaluing the dollar: in 1965 $35 bought an oz of gold, today it takes $4,500 to purchase an ounce of gold. Capitalists should seek profit. Instead they are smothering our economy by allowing wages to drift so low. From the UCLA School of Management: “Research evidence of what minimum wage requirements do to jobs, including 60 years & 100s of research papers from prestigious universities, has created little consensus on the subject, academic or otherwise.” oxfam.org/en/press-relea…

@GregoryASelbe @elonmusk @TheChiefNerd Nothing pushes wealth to anybody. Wealthy people create the wealth. That's why they are wealthy. They own shares of their successful companies. 99.9% of their wealth is in form of shares.

@Shalxxx1 @elonmusk @TheChiefNerd But our economic system pushes 63% of all wealth created to 1% of us. We are failing to seek profit by incorrectly shrinking the number of potential customers. Creating much less wealth than we could.

@GregoryASelbe @elonmusk @TheChiefNerd Fixing poverty means creating wealth. That's exactly what he is doing.

@foley2k2 @elonmusk @TheChiefNerd Money is necessary to trade the value of a person’s work for goods & services. But since our system pushes 63% of wealth created to 1% of us, market forces fail the working poor & those in poverty.

@GregoryASelbe @elonmusk @TheChiefNerd Poverty will exist until there is no need for money anywhere in the world.

@realMaalouf The answer is: since “smart” people adamantly & incorrectly oppose significantly higher minimum wage levels, poverty, homelessness and the plight of the working poor all get worse. Voters then give up on free market economics. Tax&Spend makes it all worse.

How the hell did the city that experienced the biggest Islamic terrorist attack in history vote for a Muslim mayor?

@TrumpsHurricane Sociopath.

Can you describe Gavin Newsom in ONE word ??

We shouldn’t despise stupid people like her. Instead, figure out the situation. Realize that voters elect 50% of our leaders having her ridiculous ideas. Because the “intelligent” people adamantly & incorrectly oppose significantly higher minimum wage levels. Stop hating, wake up. Think.

Does anyone else despise Jessica Tarlov as much as I do?