Mario555

@elonmusk Big Companies need continued growth! They are the ones pushing for immigration. Blackrock, Vanguard, Fidelity and others don't care about the destruction of the social cohesion, as long as they get additional customers, everything is great! Our leaders are the top brass of those

Children are the future

@HealthRanger My robot will sow my garden and take care of the harvest My robot will build a shed while the garden grows. No wood? My robot will make planks out of my tree! Etc, etc... It's coming fast!

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.

@BiatchDulce And then you wonder why millions of people want to get into the United States? Quite sure you're not telling the whole story!

Merica’ 🇺🇸

@trwsenti I've always liked my jobs! Couldn't wait to attack a new day! Must be horrible to "pretend to care"?

Your 9-5 is actually a 6-7. >6:00 alarm >6:45 out the door >7:15 commute >8:00 pretend to care >12:30 sad desk lunch >1:00 back to pretending >5:00 commute home >6:15 walk through the door >6:45 finally sit down >7:00 too tired to do anything useful 13 hours gone. 8 of them paid.

@xoaanya I agree with the other responders that nobody knows but my point of view is that if automation develops rapidly and in depth, nothing would have value anymore! I could ask my robot to build my house, car or mining project or replicate itself. Big business won't let it happen...

Everyone says AI will replace most jobs. But if there are no jobs, there’s no income. No income means no spending. So how does the economy even function? What am I missing?

@AnnTagonist_ My Lord! Could you tell your mother she did a shit job with you? What a despicable runt you've become!

Not just the younger generation, we're teaching ALL future generations to hate and spit on boomers.♥️

@AnnTagonist_ @AndriaDont99498 And I have all kinds of friends who are retired as policemen, firefighters, AMT's and others who are doing great in retirement. Try harder!

@Mario55518 @AndriaDont99498 You sure about that? I have a friend in a rural area who makes $12.60 an hour working ambulance.

I make $14 an hour in healthcare.... I did the right thing. I went to school. Paid for it out right. Worked hard. I have a second job. And I'm furthering my education while I work to make more money. My job isn't considered entry level. I'm below the poverty line. I recieve no assistance. But please. Tell me how poor people are just lazy and leeching. I'm a registered republican btw.

@AnnTagonist_ @AndriaDont99498 Your turn will come soon enough! You'll be treated even worse than us as you keep teaching the younger generation to spit on their elders. Your mom must be real proud....

@Mario55518 @AndriaDont99498 Nope, no value, there's money all around. Boomers truly will be remembered as the worst generation though, you guys had to do easy and you screwed up the world. Take heart in that. Enjoy that unskilled Kenyan who hates you but will be wiping your ass in the nursing home soon ♥️

@AnnTagonist_ @AndriaDont99498 People working in ambulances do not make $14/hr. That would be $29,000/yr. Depending on where you live it would be twice to four times that much

@Mario55518 @AndriaDont99498 You said you don't want to be taken care of by the $14/hr person... That you'd rather take your chances with the McDonald's employee...why though? Don't ever call for an ambulance, the skilled people who come to help you likely make about $14 to save your life in their mobile ICU

@AnnTagonist_ @AndriaDont99498 And I agree about Canada...

@Mario55518 @AndriaDont99498 Silly Canadian Boomer, you don't get either, you get MAID. You're past the stage of life where you add value and Canada is a ridiculous country now. 😂🤣

@AnnTagonist_ @AndriaDont99498 Nobody works in healthcare for $14/hr. At that price I'll hire them to help around the house and will even cook for them!

@Mario55518 @AndriaDont99498 What do you have against a skilled person who takes care of people and works hard for $14 an hour? What makes a 17 year old unskilled McDonald's worker preferable to the person who sacrifices to care for people for $14/hr?

@AnnTagonist_ @AndriaDont99498 I really don't want to be taken care of by the $14/hr person... I prefer to take my chances with the McDonald's employee!

@Mario55518 @AndriaDont99498 Imagine shitting on the person who sacrifices to take care of people instead of shitting on the system that underpays those who take care of people. Get wrecked Boomer, I hope you end up in a nursing home staffed by angry unskilled foreigners. Remember her when you do.

@shaguncrypto She didn't get educated enough it seems....

My mom has a Master’s degree in education. Spent 6+ years in school. Took on $20,000 in student debt. Struggles with basic financial concepts. She has no investment, no assets. This is how broken the system is.

@MatrixMysteries She has an interest rate of 5% approximately which is common and pays $212 monthly which only covers interest costs. What did she expect? Didn't she learn a bit of mathematics while studying?

An American checks her student loans. She borrowed $49,548.74. After 120 payments, she’s paid $25,558.36. Her current balance? $50,121.33. After paying $25k… she now owes MORE than she originally borrowed. This isn’t aid — it’s a SCAM.

@Entozoic @bishara When you have millions of new people looking for a house with a limited supply, prices go up! Salaries are the same. Allocated for the rarity of specific types of employees High interest has a tendency to bring house prices down

@Mario55518 @bishara That’s not the price action we’re seeing. What’s happening is the balancing act of interest / operating expenses for businesses are rising. E.g. a business making $2M has to pay more in interest etc causing an imbalance is amounts that can go to wages. Idk how to explain the rest

$3.5/hour is $7.2k annual income the $28k house is x3.8 the income in today’s numbers average US house price is $550k the average annual salary is $60k that is over x9 the income do you get it yet?

@jonbrooks Stop importing people, it will lower demand and bring prices down!

Home prices are now 5x annual income. This is the problem.

@alleria_eh If Canada makes it so horrible to stay in Canada, why should we punish people for leaving?

Understand he is not stating canada should charge people to leave the country. He is saying that if canada pays for someone's education, there should be rules around people not being able to leave canada with the skills the government paid them to get. Like a rule that requires a student to pay back their education fees if they don't stay in canada to work. It's not ridiculous to expect something out of a person we as tax payers invested in.