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46 posts

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@Joe08527103

Katılım Şubat 2020
226 Takip Edilen20 Takipçiler
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Bro@Joe08527103·
@PeterBerezinBCA Change it to purchasing power from wages and compare that to productivity and the last 10-15 look way worse. Productivity in this graph is illiterate government spending that’s never going to stop regardless of tech advances or if it’s beneficial to majority of society.
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Peter Berezin
Peter Berezin@PeterBerezinBCA·
I think AI economic doomers don’t realize just how strong a “this time is different” argument they are making.
Peter Berezin tweet media
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Bro@Joe08527103·
@elonmusk @nypost Ur such a snake and a liar when it obviously doesn’t happen and over 80% of the world is impoverished bc you’ve oversaturated the world with robots you won’t give any of your billions back.
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New York Post
New York Post@nypost·
Elon Musk's proposal of 'universal high income' to combat AI job losses baffles economists: 'So wrong on this' trib.al/OMUOuCz
New York Post tweet media
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Bro@Joe08527103·
@elonmusk Correct is crazy, u just admitted u want to run the world by depleting the entire economy, destroying everyone’s ability to earn income except the oligarchs with the cheap robots, as compensation for stealing all the physical jobs humans have relied on for milleniums here’s UBI?
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Elon Musk
Elon Musk@elonmusk·
Correct
Penny2x@imPenny2x

99% of people really do not understand abundance as Elon describes it. The fundamental reason is that they don’t understand compound growth. Same people who would probably pick 1 million dollars today over a penny that doubles in value every day for 30 days. It’s a bad choice by the way. You lose out on millions. Imagine if that doubling object was a labor producing robot instead of a penny. Compounding labor. It’s actually crazy if you try and wrap your mind around it. So Elon mentions Universl High Income and the midwits flip a lid. “The elites won’t share” You don’t get it. They won’t need to share. They will make everything so cheap, it is effectively free. Charities will have immense resources to distribute. Unfathomable intelligence will exist to help optimize production and distribution. An unfathomably large labor pool will exist that operates on solar power exclusively. The public work projects that are erected will be unseen before levels of breathtaking. I think we are incredibly blessed to steward this new age of abundance. Can you see it now? Can you see the future?

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Bro@Joe08527103·
@3371Williams @theficouple Ya stalling in the short term is not crashing, it would have to be a long term stall. Might take 5 years to see it play out. Desirables areas like NYC still holding up demand but how long will parents be bailing out their kids to afford these prices.
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Williams.3371
Williams.3371@3371Williams·
@Joe08527103 @theficouple Price is stalling. But stalling is not a crash. At least for desirable areas*, maybe crashes will happen in some weird areas (and/or Florida)
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theficouple
theficouple@theficouple·
Did you know: A $320k mortgage at 3.5% for 30 years has the same payment as a $230k loan 7% interest rate. This is why millions of people wont sell their house. ...And why a housing crash won't happen anytime soon.
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Bro@Joe08527103·
@elonmusk They’re all in China, the government refuses to allow capitalism to occur. Teslas are overpriced/don’t resell. You took away the best feature to own, full self driving, and made it subscription only because you know it’s your only leverage in the automotive market. Car is shit
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Bro@Joe08527103·
@ProfBZZZ She can read bro, professors just assign to much work shut up. Why do you want us to be more capable than prior generations? To make less? To own less? To just get replaced by AI anyways? Grade inflation is the minimum these kids deserve considering everything else got inflated.
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Brandon Zicha
Brandon Zicha@ProfBZZZ·
A student today at my elite university admitted to me today that she took a class so she could work on reading for more than 20 minutes at a time. She can't read. She mainly skims and summarizes, she says and still gets A's. This student is, by professional standards, illiterate. Gonna have high GPA when she graduates. This conversation was had after 6 of 22 students dropped my course because the maximum reading per week in one week was over 100 pages. What people aren't grasping is that this is literally *dangerous*. These people are going to be come doctors, engineers, etc. They are - by any metric - vastly less capable than prior generations. These effects are cumulative over a lifetime. This grade inflation is part of the problem, but not even close to the entirety. And the problem obviously starts in K-12. Students don't know history because, you can't actually become historically literate on the advice of 'never assign more than 30 pages a week'. You can't develop any of the skills that came with literacy. This is, quite honestly, a civilizational catastrophe.
Steve McGuire@sfmcguire79

79% of grades at Yale are A-range. Graduating summa cum laude requires a record high GPA OF 3.98.

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Bro@Joe08527103·
@UziCryptoo Ya any boomer who doesn’t see that Gen Z is priced out of being able to earn and provide everything for themselves is braindead and delusional. But I mean they been that way their whole lives, that’s why they’re boomers lol.
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Uzi
Uzi@UziCryptoo·
My boomer uncle paid for college working summers at a gas station. $1,200 a semester. Graduated debt free. Bought a house at 24. Told my cousin last Christmas: “You kids just don’t want to work hard enough.” She works two jobs. Has $67,000 in student loans, for a state school. Here’s the math he won’t do: His gas station job in 1974 paid $2.10/hour. >Minimum wage today is $7.25. >Tuition has gone up 1,400%. >His wages went up 3x. >Her debt went up 14x. He didn’t work harder. The math just worked for him. It doesn’t work anymore.
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Bro@Joe08527103·
@skumWgmi The greatest generation followed by the most selfish, brainwashed, low IQ generation of all time.
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skum
skum@skumWgmi·
Boomers worked hard. Nobody is disputing that. They also inherited an economy built by the Greatest Generation that priced homes fairly. Funded universities publicly. Protected workers legally. Taxed wealth progressively. Then spent 40 years voting to undo all of it. By the time Gen Z arrived the ladder was gone. They didn't pull it up. They sold it for parts.
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Bro@Joe08527103·
@AliceSLondon @kokeshimum Again you’re intellectually dishonest. 1990 n 1991 were the only 2 years before 08 where the housing market was negative at end of year. 30 yr mortgages wit 10% rates were the exception, 15 yr mortgages were standard. National home price was 3.2x household income, now it is 5x.
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AliceS
AliceS@AliceSLondon·
@Joe08527103 @kokeshimum Having your property repossessed (as many were) or having to find £45k to cover the shortfall on a joint salary of £18k & mortgage with a rate between 10-15% is not a lie, out of touch & delusional. It was a struggle and taught me a lot about living within my means.
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Sarah
Sarah@kokeshimum·
In 1991 35% of 16-24 year olds had a mortgage and bought their own home. Today it’s 1%. And absolutely nothing is being done to fix this.
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Bro@Joe08527103·
@StockMKTNewz This is not true, if you want to do anything but LIVE in nyc. If you want to own a home, travel, save, or invest, double that income. If you want to be an nyc resident for name alone n live paycheck to paycheck ur whole life. 125k is fine lol. Fine for poverty!
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Evan
Evan@StockMKTNewz·
New York City 🍎 families need six-figure incomes to live without government assistance in all five boroughs of New York City, according to two new reports - Bloomberg
Evan tweet media
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Samantha Smith
Samantha Smith@SamanthaTaghoy·
“Water, soil, and oxygen should not be infinitely accessible. They are assets that should be included in global economic balance sheets.” This is not satire. The World Economic Forum wants to monetise breathing.
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GoldenEye007
GoldenEye007@GoldenEye00715·
@JimChuong We live outside of DC and own a $900k home. The house is rented out to a nice family while we are overseas and we have a 3% mortgage rate. It’s a hardship at times but it’s been a great investment and a place to live when we are in the States.
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Lazy Canadian Investor
Lazy Canadian Investor@JimChuong·
If your household makes $200k a year the worse mistake you can do is to buy a home that’s over $600k. You will struggle 100% of the time.
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Bro@Joe08527103·
@AliceSLondon @kokeshimum Main thing that most older generations do to harm younger generations is just lie blatantly. You’re complaining about a 90k house and negative equity when after 2008 prices went up for 18 years straight except for that little blimp during Covid lol. So out of touch n delusional.
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AliceS
AliceS@AliceSLondon·
@kokeshimum In 1991 most starter homes were just that - basic, boxy one beds. Many of us ended up in negative equity & had to save to buy ourselves out of that (in my case losing £45k on a £90k flat). Every first time home buyer I now know wants a 3-4 bed house.
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Bro@Joe08527103·
@ElectionWiz “I don’t even do it for my daughters only for my sons so they can see women can be the center of a story” HOW ABOUT TELLING THEM A STORY WHERE THE CENTER IS A WOMEN THEN. Spewing nonsense out her mouth feel bad for her boys, clear indoctrination.
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Election Wizard
Election Wizard@ElectionWiz·
DISTURBING: Gavin Newsom’s wife on how she raises her son: “I've given our boys dolls… if I'm reading a book and the protagonist is a male, I just change the 'he' to a 'she.'”
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Bro@Joe08527103·
@Doomerzoomer So everyone knows this will happen and is just silently accepting it?
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Bro@Joe08527103·
@allenanalysis The entire MILLIONARE CLASS is out of touch with reality for the middle class American. And yet we have BILLIONAIRES in this country, imagine their beliefs?? Renting today cost more then owning a home for 13 years of prosperity after the 08 housing crash. 2 decades left..collapse
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Brian Allen
Brian Allen@allenanalysis·
Kevin O’Leary’s advice for becoming a millionaire: “Take 20% of your $69,000 salary and invest it every week. Don’t touch it.” 20% of $69,000 is $13,800 per year. The median American rent is now over $1,700 per month — $20,400 per year. Before food. Before utilities. Before healthcare. Before childcare. Before transportation. A person earning $69,000 cannot invest 20% because 20% does not exist after they pay to exist. .@TheICHpodcast
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Bro@Joe08527103·
@elonmusk 530/month car payment 900/month insurance payments 2600/month mortgages the American lifestyle is super affordable! Not lol
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Bro@Joe08527103·
@SDNYnews LMAO this is the biggest insider trading regime in the history of the country btw and Nancy Pelosi runs free, every post this account makes a joke
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US Attorney SDNY
US Attorney SDNY@SDNYnews·
“Ryan traded on confidential information – buying shares ahead of the announcement of an FDA drug approval – and tipped others to do the same,” said U.S. Attorney Jay Clayton. “Trading on non-public, market-moving information in breach of a duty of trust or confidence is a crime.” justice.gov/usao-sdny/pr/m…
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Bro@Joe08527103·
@SenWarren Notice the words COULD pay. If they introduced a wealth tax it WILL pay for none of the things listed and just enrich politicians. 34T in national debt wasn’t enough to make progress on ANYTHING LISTED.
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Elizabeth Warren
Elizabeth Warren@SenWarren·
Today, I'm introducing my wealth tax — and more than 50 members of Congress are joining me. It’s time for the government to start working for American families, not just the ultra-rich.
Elizabeth Warren tweet media
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Keşfet

@PeterBerezinBCA @elonmusk @nypost @3371Williams @theficouple @ProfBZZZ @UziCryptoo @skumWgmi