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@SianBailey65983 @Average_Jonas The average UK household is around a 30% effective rate. The median US household earns 83k and the effective rate will fall between 10-13%. Do the math. Nothing is free. Just a question if you want to have choices or have someone take care of it for you

@4243_1 @Average_Jonas In UK Average earners pay 28% which incls health care. Our highest tax rate is 45%. And you were saying.........? I would be happy to pay more to get near the services they pay for.

Maybe this is a hot take but as someone who lived in the US for 4 years before moving home to Norway, I think the US is a great country to visit, not to live in. You get all the benefits of how grand the experiences are in culture, weather, nature, food, sports etc but you don’t have to worry about healthcare, overpaid housing, taxes that fund wars instead of your well-being and a lacking infrastructure. I understand it’s a big country and I only lived in Los Angeles (which is worse than most other American cities) but you only need one small medical issue to realize how messed up the system is. Also Trump.

@RoKhanna @BernieSanders We have gone from 11 tril in debt to 39 trillion in debt in less than 20 years. If we just had a little more money, we would do the right thing. Laughable. If our government took 100% of Elon's wealth it would not change a thing

Musk is worth more than South Africa’s GDP. @BernieSanders and I proposed a 5% tax on people like him. In one year, it could fund: - free public college & trade school -$10/day childcare - Special-needs education nationwide Wealth inequality is the moral failure of our time.

@ChrisMartzWX Not to mention Bob needs heat, electricity and gas for his car. All things that require infrastructure. Heck, maybe Bob needs a job and a state may offer a company like Shell some tax advantages to bring thise jobs to Bob's state. No corp is getting money because we like them

This is nonsense. So, let’s do some actual math here. I’ll use the figures provided in this meme so we can make an apples to apples comparison. First, a subsidy is where the government writes the company a check, gives a grant, or guarantees financing at below-market cost. Shell, like most other oil majors, receive very little in direct payments. It is, at most, in the millions. That $2 billion / year figure for Shell are almost exclusively tax breaks. Those are not direct payments; rather, they are deductions in the tax code. In other words, Shell does not take a lot of taxpayer money to build their infrastructure. It’s also worth noting that the $2 billion figure is cumulative since 2003, not per year, so that’s wrong too. But what about the Bobs of the world? Well, there are about 42 MILLION people on food stamps in the U.S. If each of them receive $1,500 per year, that means that taxpayers are shelling out $63 BILLION per year to feed them. There are 161 million U.S. taxpayers as of FY2024. That means each taxpayer is paying nearly $400 / year to feed those on food stamps. Shell takes practically no money from you or me except for when we buy their petroleum products. But Bob takes $391.30 / year from me without my consent. So, yes, shut up about Bob’s situation. Hope this helps.

@BillAckman @realDonaldTrump @SecScottBessent @pulte Do you think those lenders that have 3% mortgages would allow portability if someone added 50 bps moving forward? That would get people out and actively, but doubt lenders would line up for that. Sort of the opposite issue on the other side

@BillAckman @realDonaldTrump @SecScottBessent @pulte Interesting idea, but only attractive to buyers when rates are low and lenders when rates are high. You could give me 3% over as many years as you want, but 50 bps off today's rates with no prepayment is not all that attractive and even worse at higher rates

President @realDonaldTrump and @SecScottBessent, and @pulte, I have a simple idea on how to lower mortgage rates and spreads: One of the unique features of U.S. conventional mortgages is that they are prepayable at any time without a penalty. While this feature is attractive for homeowners, it comes at a significant cost as buyers of mortgage backed securities (‘MBS’) require a significant increase in spread to compensate them for giving the borrower the option to prepay at anytime. Why don’t Fannie and Freddie also offer non-prepayable mortgages where if the borrower wishes to prepay the loan, he would have to pay a prepayment penalty? I asked one of my friends who is an expert and large investor in MBS what the estimated savings today would be on a 30-year Fannie/Freddie mortgage if the borrower would be locked out from prepayment other than by paying a penalty? He estimated that the savings would be about 65 basis points. So a borrower could have a choice: Obtain a 30-year prepayable mortgage at today’s ~6% rate, or at a 5.35% rate, but with the obligation to pay a prepayment penalty if he/she refinanced in the future. The loan could also be made to be portable so that if the home is sold, the new borrower could assume the loan and no prepayment penalty would be owed on a sale. While the ability to prepay is a valuable option, locking in the 65 bps savings upfront over the life of the mortgage may be the difference between the borrower being able to afford the home and not being able to. You could imagine that there could be different versions of this product where the lock out would be for 5 years, 10 years etc. (with different levels of savings for each, the longer the lockout, the greater the savings) and the borrower could custom design the mortgage and its prepayability to meet their life plan. As you know, commercial mortgages work this way. Why couldn’t the same approach be used for home loans?

@AndySwan Yep! Honestly, never thought that way when they were younger, but I want a compound at this point lol. Give me some land, space for the larger family and a few toys...good to go

Literally everyone I know with HS age kids DREAMS of having a big house on some land that the kids and grandkids can come stay at.

@ChrisMartzWX States must have tax revenue and land tax would shift to income/sales tax. This shifts the burden from those with assets to those without Low carry costs brings supply down and prices up I could be convinced to drop primary res tax while raising tax on 2+ homes

I would love for you to explain why people should pay taxes on land that they own.

@AJA_Cortes Parents don't typically do this out of greed. Some sincerely believe they may negatively impact their kids life by giving them easy money. That said, I believe it is much worse to leave them a bundle of money when they die and their kid does not need it like they did raising kids

The narcissism of so many Boomers is continuously astounding They resent their children for wanting children They resent their children for wanting them to be grandparents They are disgusted by the idea of passing on wealth or helping them at all

@EddyElfenbein The sandwiches is what had me shaken

There are so many similarities between now and October 1987. It was the same time of year. The weather was about the same. Baseball playoffs were going on. Halloween was coming. People were eating sandwiches.

@FischerKing64 I can receive almost anything I want in 1-2 days. I can connect with people around the world from my pocket. Advances in medicines are extraordinary. World poverty rates are lower than they have ever been. Capitalism and innovation are alive and well.

Capitalism is in serious danger because it’s becoming impossible to justify wealth as ‘earned.’ If someone earns his wealth - like Carnegie - you should celebrate. You build factories and increase overall wealth, employ people - that’s earned. Now we have ‘streamers.’ And we have people who bought BTC in 2012 who say they’ve ‘earned’ their Hawaii lifestyle. They didn’t do anything. And frankly ‘investors’ who made fortunes on network effects didn’t do anything. Venture capital is not Rockefeller and the railroads. This is all totally unstable. It doesn’t help that we have ‘meme coins’ - which are just bribes - coming from all over, including the White House. If you want to save capitalism from the communists nipping at your heals - and they are - you have to realize the system as it exists immiserates people in large numbers who would otherwise accepts wealth disparities. It’s in the interests of everyone to get this under control - because if any upheaval occurs - we will all be broke.

@bowtiedgerman Built a home gym when I had kids. There is no doubt I owe my consistency over the years to the home gym. I like in gym for people who are newer to fitness and those who need some type of specialized training. Home gym is a hack as you get older to stay in shape with minimal time

The home gym is a luxury for those squeezed for time. You only have 45 minutes total for a lift that day and don't want to spend half of it round tripping to the gym. It makes sense as a supplemental vehicle to lift. But lifting at a home gym full time is grueling. It's like 100% wfh. You eventually start falling into bad habits tht wouldn't otherwise take form at a public gym. The presence of other people is necessary for proper human function, even if you aren't talking to anyone. Simply having people around you makes a massive difference. Even if I had a 6k sqft house with the equivalent of an anytime fitness in the basement, I would still go to Lifetime or Equinox for as many lifts as possible.

@unusual_whales Its like the goal is to destroy everything built in as fast a period as possible. For goodness sakes, there is no free money

BREAKING: Representative Ro Khanna, a California Democrat, is proposing $2,000 payments to Americans making under $100,000,

@cremieuxrecueil This would not work for emergency care. However, it would drive competition and incentivize people to consider care cost like any other expense in their life. Over time it would make insurance cost more manageable and likely drives overall care cost down

@cremieuxrecueil This is by far one of the largest things missing in Healthcare. Next step to lower cost would be insurers determining an average cost of X care and covering a specific amount. The insured could use someone cheaper and benefit from the excess, use someone at cost or pay difference

Today is the day. Ostensibly, medical providers and drug manufacturers are now required to provide accurate prices up front.

@NoahRyanCo Every generation has gone through major changes over the last 200 years. Knowledge and character are the two things no one can take from you. The character that made a person successful 100 years ago still applies today. The world we interact with is just dramatically different

Take advice from older people with a grain of salt. The world they grew up in no longer exists. Their experience was near identical to the generation before them: Work hard, get a job, trust the system. This world is gone. They are set in their ways and are past the point of keeping up with the reality of the present, let alone predict the future. Do not build your life off of an outdated blueprint.

@dougboneparth Likable, credible, dependable. Those 3 traits will make a person successful in just about anything they do

True or false. Being likable is more important than being good at your job.

@dougboneparth Agreed. I would also argue that many people who have everything they rely on at risk have a much tougher time riding out rough markets. This is how we get the "I am normally aggressive, but this time it's different" conversation.

I get it. Compounding wealth is great until s-t hits the fan. Kids, unemployment, home repairs. Life happens. I promise. Nothing in personal finance is more comforting than knowing you can handle your expenses for months on end without having to touch your investments. Bet.

@unusual_whales This never makes sense. We had 10% unemployment in 2008 crisis and the economy was crushed while disc. spending dropped dramatically. People will not continue spending with an enormous amount of uncertainty. Even if the tech were possible, it is not a realistic view

“Before 2030 you're going to see Amazon, which has massively invested in [AI], replace all factory workers and all drivers … It will be 100% robotic, which means all of those workers are going away. Every Amazon worker. UPS, gone. FedEx, gone," per Jason Calacanis

@the_chart_life There is a 0% chance I would have given that ball back, but I get where he was coming from. Out with your kid on his bday and prob just dont want something to become bigger than it needs to be. Personally, I would not want to teach my kid to bend the knee to a Karen, but I get it

Two things: 1. She’s a terrible human being. 2. The dad 10000% should have never given the ball back. Chump move on his part.