Jake Kesey

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Jake Kesey

Jake Kesey

@M4STurbos

The only one in existence. Does very special things....

Arizona, USA Katılım Mart 2011
167 Takip Edilen280 Takipçiler
Jake Kesey
Jake Kesey@M4STurbos·
It's really sad that in this day and age we have to fight and protest for the children being raped and killed by the elites and the blind people cheering them on
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Jake Kesey
Jake Kesey@M4STurbos·
Trump: negotiations are going great
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Jake Kesey retweetledi
Power to the People ☭🕊
Power to the People ☭🕊@ProudSocialist·
This takes courage… The Strokes closed their Coachella set flashing images of the governments the CIA has overthrown, the leaders the US has assassinated including MLK 👀, the war crimes the US is committing in Iran, and the genocide Israel is committing in occupied Palestine.
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shut up, josh
shut up, josh@ChiefJosheola·
@M4STurbos Tomorrow night should be better in terms of matches, but I don’t think they will have fixed the major issues we saw tonight.
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Jake Kesey
Jake Kesey@M4STurbos·
This tracks if you're an obedient dog
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Jake Kesey
Jake Kesey@M4STurbos·
Its very easy to point out elon grifting because the math never math's like doge
HealthRanger@HealthRanger

Elon promises a "Universal High Income" for everyone. Let's suppose that means $10K per month for 100 million Americans. Here's the math: 100 million people × $10,000/month × 12 months = $12 trillion per year. To put that in context, total federal spending in fiscal year 2024 was roughly $6.75 trillion, and total federal revenue was about $4.9 trillion. So this single program would cost nearly twice the entire existing federal budget and about 2.5× all federal tax revenue. It would roughly triple total government spending overnight. U.S. GDP is roughly $29 trillion. A $12 trillion UBI program would equal about 41% of total GDP -- being directed as cash transfers to a subset of the population. For comparison, all current federal transfer payments (Social Security, Medicare, Medicaid, veterans' benefits, etc.) combined run around $4–5 trillion. The M2 money supply (cash, checking deposits, savings, money market funds) sits at roughly $21–22 trillion. If the program were funded by money creation rather than taxes, injecting $12 trillion per year would expand M2 by roughly 55% in the first year alone. Even if a portion were funded through taxation (which just redistributes existing money), the sheer scale makes it nearly impossible to fund without massive monetary expansion. The inflationary pressure would be enormous, for a few reinforcing reasons: First, demand-side shock -- putting $10,000/month into 100 million hands would massively increase consumer spending, but the economy's productive capacity (factories, housing, workers, supply chains) can't scale anywhere near that fast. When far more dollars chase roughly the same quantity of goods, prices spike. Second, labor supply contraction -- $120,000/year tax-free would exceed the median U.S. household income (~$80,000). Many workers would reduce hours or exit the workforce entirely, shrinking the supply side at the exact moment demand is surging. That's a double squeeze on prices. Third, velocity effects -- lower-income recipients tend to spend transfer income quickly, so the velocity of money would increase, amplifying the inflationary effect beyond what the raw money supply numbers suggest. A rough (and conservative) estimate: mainstream quantity-theory-of-money reasoning would suggest that a 55% expansion in money supply, combined with rising velocity and falling output, could produce annual inflation well into the double digits -- plausibly 30–50%+ in the first year or two, potentially accelerating into a hyperinflationary spiral if sustained. Historical parallels (Weimar Germany, Zimbabwe, Venezuela) all involved governments printing money at scales far smaller relative to GDP, and still produced catastrophic inflation. So no, Elon doesn't understand economics. And yes, a "Universal High Income" would quickly lead to hyperinflation and currency collapsing, thrusting almost everyone into extreme poverty.

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