baddecisionsimulator

@ick_real An agreement between you and your bank that they put up the cash and you own the housing price appreciation

@BlueScreenNPC @RonaldDriver73 @colindhernandez If you have an event on your boat for clients, potential clients, etc, you can call that a pre-tax business expense, but there’s no “free money.”

@RonaldDriver73 @colindhernandez It's hard to justify using a yacht for business purposes. But also he employs 20 people to run the yacht and 20+ to maintain the yacht. That's 40 jobs they want to destroy

This is exactly why we need a wealth tax.

@colindhernandez @RonaldDriver73 You’re running for assembly and you don’t know basic tax law? What a fail.

@RonaldDriver73 Sir. Are you a billionaire? Do you think it’s fair folks like Jeff bezos can use tax loopholes? Do you think it’s fair he can write off his yacht on his taxes but you cannot write off using your car to go to the store?

@colindhernandez Why should anyone pay tax on any wealth? It’s better in the productive and innovation economy than current consumption with government overhead loss.

@CovenantofUs @Xyleniqq But they got access through hard work. Musk, Bezos, Gates, etc, all the people at the top, were nobodies before they ****made**** their access.

@Xyleniqq Access does not replace hard work, but it does decide whose hard work gets seen.

You stay up until 2am perfecting your small business pitch, sacrificing sleep and family time, while a billionaire tweets one idea from his private jet and gets millions in funding the next day. Hard work is a myth when access is everything.

@Xyleniqq “Concert pianists get paid to enjoy performing, and adulation, while I am paying for lessons and practicing basics.” The billionaire already went through what you’re going through.

@StealthQE4 We shouldn’t be permanents bc the market is permabullish, even if you don’t approve of why. Losing money out of spite against ppl in power rather than making easy money is foolish. The way out of the trap you describe is much higher real growth, which is supply side policies.

Serious long post: We should have all of been permabears in 2008 People love to make fun of market bears as the markets have roared higher. However has it lead to anything positive? The only reason markets have marched 4 fold higher since 2008 is because of QE(zero rates) and money printing. I remember when our “lord and savior” Ben Bernanke announced QE right after the 2008 crisis. Credit traders were shocked. It bankrupted a few. No one thought QE would happen in America. The bond market used to mock the BOJ of Japan for trying it after their market crash in 1989. 20 years later we did the same thing. In 2008 we had a choice. Revert prices to the mean or put the pedal to the metal and print money. We decided to do the latter. Don’t get me wrong. Stock valuations got really cheap. Around a 10 P/E. It was a great time to buy. However, pulling ourselves out of the great deflation of 2008 came at a cost. Zero rates(QE) were unthinkable to many but we got away with it from 2009-2020 because the deflationary pressures were so strong. It turned out to be a great time to own stocks. No inflation, cheap valuations, and an economic recovery juiced by easy money. However, this all came at a cost. COVID came in 2020 and the Fed repeated the easy money game by printing $9 trillion and kept rates at zero. The problem was thanks to stimmies and a recovering economy we were no longer in the 2008-2019 deflationary period. As a result, when COVID ended and the economy opened back up inflation soared to over 9% in 2022. The Fed told us in 2021 the inflation that this was just “transitory”. Wrong. So ever since then inflation has been a problem. Yields have remained much higher than the 2010’s. Good for savers. However, the zero rate economy we saw from 2009-2020 has destroyed things. Housing prices now average $420,000. College tuition is 60k, and health insurance costs have soared. We have to ask ourselves was printing money and dropping rates to zero worth it in 2008? In my opinion hell no. Gen Z would agree. Life became unaffordable. Back to the headline, we should have all of been perma bears in 2008 because the zero rate money game would have never started and the cost of living would be much cheaper now. We should have had the economic reset then. Once inflation starts it’s extremely hard to stop it. We’ve failed to do so since it came back in 2021. The only solution is to see much higher rates imo but many believe we can’t afford it. I think we can for a short period of time. When Volker pushed rates to 18% they were only there for a year or so. Our problem today is we won’t commit to breaking inflation. We’ve decided to just pause it by keeping rates at 3.5%. This solves nothing and kills the Middle Class. The solution to the inflationary problem is much higher rates but unfortunately our government doesn’t have the commitment to do so. I don’t know how this plays out but the high inflation we see now at 4% kills everything. Housing, affordability, food costs etc. I hope the new Fed Chair Kevin Warsh can change things but I’m skeptical. QE

@HenMazzig @HellfireDamn We’re well past this derivative of symbolism shit.

I’m all for representation of Palestinians, but Prada posting a video to their 33M+ followers of their new “Palestinian ambassador” Saint Levant wearing a necklace shaped like the entire land with Israel erased, that’s a message. If an Israeli, or any Jew, wore a pendant that included Gaza, the outrage would be instant. But erasing Israel, “from the river to the sea,” gets a luxury campaign.

@str_xs @Matt24695841 @whatkamisays If Stalin was your passive-aggressive aunt.

@errorsimulator @Matt24695841 @whatkamisays So it's worse than regular socialism

how is socialism bad when everyone in new york seems to be having a much better time than everyone else

@buddsdead @HeroicRecaps @Brellionaires @MendlovitzMark Yeah fine, we’re still going to have a term for the people here before Columbus.

@HeroicRecaps @Brellionaires @MendlovitzMark I am a Native American. I have no other country than the one my ancestors carved out of the wilds of America.

I've been told by a friend from Ohio that one of the reasons the elites are so hysterical about Haitians having to go home, even some Republicans, is apartment owners love renting to them, especially if they are paying government-subsidized rents. Think about the insanity of that. We are subsidizing the rents of foreign nationals, driving up the cost of housing for native Americans by diminishing supply and increasing demand. That is as un-American as anything our government could do to us.

@MappingFL No they’re not. You’re goo g to have terrible career in data, if you can’t tell that.

It never ceases to amaze me that it’s so hard to people to say - Oct 7 was an unjustifiable attack against civilians and a crime against humanity - Israel’s far-right gov used the attack to perpetuate a genocide in Gaza and other Palestinian lands BOTH of these things are true

@brondumkm @PiperK Sorry, graduated kindergarten more than 50 years ago

@errorsimulator @PiperK Fine, so then we can agree The Lancet's not who put the politics in this issue. A policy had widespread medical effects and they're investigating them. Or should they not just to avoid seeming biased? Or out of deference to Elon Musk's feelings? Or something?

Wow. A Lancet study says Elon Musk will have killed 14 million people by 2030. Lancet is the world's top medical journal.

@SenSanders @JasonRuderman Because come retirement age they’ll take out the same as someone making $184,500. They paying the same amount for the same later pay out. Just as we all pay the same for the same Big Mac or iPad.

Compensation Last Year CEO of Tesla & SpaceX: $158 billion CEO of Warner Brothers: $165 million CEO of Blackstone: $126 million They pay the same amount into Social Security as someone making $184,500. Let's end that absurdity, scrap the cap and raise Social Security benefits.

@FluentInFinance The voters, like all people, are responsible for their own lives. We respect human agency. If people want to earn more it’s their responsibility to build the human capital and skills that are rewarded with higher compensation. No one thinks “it’s good enough.”

Senators should make whatever their state minimum wage is. If it’s enough for their voters, it should be enough for them loll.

@mikesully97 @TrinityMustache Dems don’t like the working class. They like “the vanguard of the working class.”

@TrinityMustache At least he’s finally saying it. Jeffries - and other Dems - need to make this point over and over every time they speak. DSA is a playground for spoiled rich kids. Period. Catering to the top 20% of the income scale is is costing us a ton of votes in the bottom 80%.

Gaza is US electoral only an issue for spoiled rich kids with no real problems. DSA is performative luxury politics.

@austincampbell If they have to have their poison, can we at least have some areas without it?

I am watching the left propose increasingly bad (rent freeze, minimum wage hikes, huge tax increases) proposals that will wreck the economy. This is driven by anger from young voters, who are priced out of housing, can't get jobs, and feel like the system is rigged against them. And you know what? They are right. It is. What I'm not seeing is any politician, Democrat or Republican, courageous enough to point out the real issue: Boomers voted themselves huge future benefits but did not fund them, so now we are running huge deficits to pay for them while talking about raising taxes on people who weren't even born yet when those things were decided to pay the olds. The reality is this: young people in the US, to save yourselves, you're going to have to tear down the programs for the Boomers, rationalize immigration laws to ensure you get first look at American jobs and companies have the incentive to put them here, force housing to be built, and massively cut federal (and in many cases, state) spending and the size of the government. Any politician who is not willing to tell you the truth about this is fucking you. Trump? Fucking you. Mamdani? Also fucking you. If you can't figure this out, things will get worse from here.

@Seabreezerwoo @JamesTate121 The latter is included in the former.

@errorsimulator @JamesTate121 Wanting the government to quit being wasteful and quit bailouts of corporations is a reasonable ask.

Wanting affordable, healthcare, housing, childcare and food with livable wages and a clean environment is not "far left". It's called not wanting to live in despair.

@kkalev @BrettErickson28 And if something you now don’t expect happens, what’s the political “success” timeline.

@errorsimulator @BrettErickson28 You are trying to achieve political goals using military means. I will keep pressing my opinion on military realities and facts on the ground, thank you very much The reality is that the attempt to impose political goals through military means failed and will fail in the future

As I have said repeatedly over the last 72 hours: The United States is seeing a concerted effort behind the scenes from the Israeli Lobby and Iran Hawks to retroactively alter the terms of the Memorandum of Understanding in the hopes that Trump will take the bait which would collapse peace talks and force a return to war. That is the goal. Iran won the war. Iran gets to dictate the terms. If we do not agree to those terms, Iran will close the Strait. It's. That. Simple.

@kkalev @BrettErickson28 What I’m asking for is a subjective opinion of political “success.” You’re qualified to give that. Your keep opining about military tactical realities. I don’t need that from you. Thanks for the effort, but it’s not needed. Back to the question.

@errorsimulator @BrettErickson28 I am stating my opinion and you are stating your opinion (based on zero facts). I suggest you climb down your narcissist high horse

@kkalev @BrettErickson28 But I don’t care about your opinion of that. I’m asking a different question. If things can change, and you’re not in the Pentagon with the best information, so leave it to them, what would be the timeframe for “success” changing the Iranian government ?

@errorsimulator @BrettErickson28 Like I said, any further military engagement with Iran will lead to further defeats so it's best that he cut his losses short

@tonyannett Decisions made in 1996. Might make different decisions now. Like people leaving California

These hypocrites have their offices on 48th and 6th. Why don’t they piss off out of the city?