expla1n
5.7K posts
@expla1n2 @MattForVA Most people’s retirements are with them, set up automatically by their employers. Blackrock and Vanguard use their weight to basically control the corporate culture of America. So DEI, trans rights, etc all operate under corporate governance policies
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This isn’t a small deal. Restaurant Depot is where most mom & pop restaurants go to buy inventory because Sysco is so expensive.
Restaurant Depot was privately owned. Sysco is owned by… you guessed it, BlackRock & Vanguard.
Now private equity can control pricing for food costs with zero competition. Just like they did with housing.
This should be an anti-trust violation, but we have politicians that work for Big Corp, not us.
Jonathan Maze@jonathanmaze
Notable deal in distribution this morning. Sysco is buying Restaurant Depot for $29 billion. Plans to expand RD more aggressively. It gives Sysco a huge entry into cash-and-carry and a large number of independent restaurant customers. restaurantbusinessonline.com/financing/sysc…
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@hexsealed @MattForVA They do not get to direct how other peoples funds are invested. People can choose any custodian they like, and the entire allocation of any index/ETF is publicly available information that any individual can access and choose to invest in. Any change in allocation is reported.
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@expla1n2 @MattForVA but they get to direct how other people's funds are invested, giving them "soft control" in the form of "if you don't do what we want, we won't let you have access to infinity investment from the unwitting general public"
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Try not being any of these, if possible.
Multipolar Press / Constantin von Hoffmeister@constantinvonh
“I’m socially right-wing, economically left-wing, and nationally French.” — Jean-Marie Le Pen
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All of the boomers money will be gobbled up by lawyers, bankers, politicians, and PE owned nursing homes.
Oh and Candy Crush
🌷🐰 sonya serendipitously 🐇🎀@sonyasupposedly
everyone is gonna be so pissed when the supposed "generational wealth transfer" from boomers goes straight to end-of-life care
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Wait the public unions want retirement at FIFTY FIVE?
Call me a heartless bastard but 30ish years of not working on the taxpayer dime seems like incredible overkill. That's literally paying them twice for every year worked.
Basil🧡@LinkofSunshine
I oppose the reforms lowering New York’s public union retirement age to 55. Fix tier 6 is very broken
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Economists have never had more power in governance and society than they have for the past few decades, which is why everything is going awesome!
Richard Hanania@RichardHanania
Tyler Cowen in his new book on why economists write about topics outside their area of expertise: “The dirty little secret is that what distinguishes economics as a field, right now, is a mix of higher standards, harder work, better math, and higher IQs.” This is clearly true.
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@uncledoomer Barney Stinson was the whole show. Marshal and Lily okay too.
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one of the worst goycattle slop shows of all time
Pop Base@PopBase
‘How I Met Your Mother’ ended 12 years ago today.
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@johnsonflip @dustyslay If you can sell it whenever you want, to whoever you want, at whatever price you want, and you keep the proceeds, you own it.
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@dustyslay It’s crazy, with property taxes you essentially are always renting from the government at a rate they can make up either by adjusting the valuation or adding a levy
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@AlphaNews It will greatly improve connectivity in the metro and result in less car dependency.
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Republicans seek to block federal funding of proposed rail projects: ‘Waste of taxpayer dollars’
Minnesota's Republican congressional delegation said the Blue Line extension "is already shaping up to be yet another transportation project that will lead to minimal ridership, huge capital costs, and adverse effects on Minnesotans."
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@MWonko42 @sethharpesq You took one intro class and disregard the entire field? I think you’re just retarded big dog.
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@sethharpesq I did Econ 101 and was sort of gobsmacked how there's just ... nothing there. The whole thing is just vibes and sociology. You can pick out parts and predict/forecast what's going to happen but the entire structure is just a house of imaginary cards.
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Not an economist but I did graduate first in my class from UT-Austin with a BA in econ and a strong suspicion that I had spent the last three years studying an ideological pseudoscience that had zero predictive power and was based on assumptions so untenable it was almost funny
noah kulwin@nkulw
Economists have never had more power in governance and society than they have for the past few decades, which is why everything is going awesome!
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@rascal113646 @RealJasonNelson Why did she spend 40 years not saving for retirement?
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My 67 year old Aunt does not have children in the public schools, does not drive, paid for an ambulance to take her to the hospital last year and when she (and I) called 911 about an open fire on the streets they told her, "Oh, that's just a warming fire." and closed the call.
This is her Property Tax bill for a 3 bedroom 2 bath home.
She gets $1,200/ month in social security. She doesn't even get enough to pay her property taxes.
COL increase for SS might be the same as the increase in property taxes.
2%
Do the math.
2 % of her $1,200 for social security next year. $24
2% of $19,000 for increased property taxes. $380
@VP
@nickshirleyy
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Apparently the cost of your public services is not based on your usage, but on how much your stuff is worth?
I’m very confused by deliberate stupidity.
Rushi@rushicrypto
I’m very confused about the number of people who think “property tax” is a sales tax on you home rather than taxes to pay for public services you use every day. “I paid off my home why do i still pay property taxes?!?!?” Oh, did you also stop using the roads and libraries and sidewalks and parks? Not worried about fires anymore?
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@RichardHanania it's not "clearly true"; and you're still a neo-Nazi whom no one should take seriously
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Tyler Cowen in his new book on why economists write about topics outside their area of expertise: “The dirty little secret is that what distinguishes economics as a field, right now, is a mix of higher standards, harder work, better math, and higher IQs.”
This is clearly true.
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Will our kids get the same shot at life we did? We’re spending $1.43 for every $1 we bring in and in just a few years, HALF of federal spending goes to those aged 65+.
Congressman @RepDavid is asking the question nobody wants to answer.
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@KeyboardChuck @TheGreenOldDill Consumption taxes create massive deadweight losses and are ultimately counterproductive. A better plan is to tax the only thing we can’t make more of - land. Just tax land value only.
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Another vote for consumption taxes.
E.g. don't tax the first home, but tax the second. Granular sales taxes on things like cars and boats. Exemptions for basics like fresh food.
Florida has all sorts of tourist taxes which work well. In the town I live in, there's room to raise new forms of revenue in lieu of homesteaded property tax exemptions.
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I’m very confused about the number of people who think property taxes based on an arbitrary value of a home are the only way to pay for city services.💁🏼♂️
Rushi@rushicrypto
I’m very confused about the number of people who think “property tax” is a sales tax on you home rather than taxes to pay for public services you use every day. “I paid off my home why do i still pay property taxes?!?!?” Oh, did you also stop using the roads and libraries and sidewalks and parks? Not worried about fires anymore?
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@TheGreenOldDill Present another durable option then. None of the revolters ever specify how we will fill the gap. They hand waive “cut waste fraud and abuse!” but never point out any wasteful spending program that is funded by property taxes. They present no alternative tax. It’s unserious.
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Democrats are still lying about who will fund their utopian vision. If you want ALL of these programs the middle class will need to pay nearly 50% of their income in taxes. Janitors, teachers, construction workers, etc.
Just be honest about it at least.
Elizabeth Warren@ewarren
The Ultra-Millionaire Tax Act would generate over $6 trillion over the next decade—without raising taxes on 99.85% of American households. This wealth tax for millionaires and billionaires could pay for universal child care, free community college, Medicare expansion, and more.
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