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Mike Bostic
5.7K posts
Mike Bostic
@mbostic0
CUNY Queens College. Advocate of Modern Monetary Theory.
Katılım Şubat 2023
557 Takip Edilen727 Takipçiler
@NYCMayor @NYCSanitation The knicks as much as it pains me to say as a nets fan have a great opportunity to be NBA champions especially with OKC beat up and they do matchup better with the Spurs.
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.@NYCSanitation I'd like to report a sweep
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And soon followed by a dot com bubble and a recession.
Stephanie Kelton@StephanieKelton
Built on the back of *private sector* indebtedness.
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@JamesRobichaux A total waste of time, don't bother wasting my time debating them.
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We don't need to play this stupid game at all.
We should not be publicly debating MMT in the first place. Doing so is a dead end. We need to play OFFENSE and play it against all manifestations of the Commodity Theory Of Money.
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@_sn_n So we're just gonna skip over the dot com bubble and recession that followed which in large part was due to politicians & the President's obsession with a gov surplus? Dems simply don't get it.
businessinsider.com/how-bill-clint…
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@AssalRad It says a lot about the world that we live in that more people seem upset over a mayor not supporting Israel than the trump administration creating a slush fund for those who broke the law.
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@NBA It is what it is at this point. The Knicks have a realistic chance to win the title & if they do clearly won the trade with Brooklyn. All the Nets can do from here is to build a contender that eventually they too can taste championship glory.
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Mike Bostic retweetledi
Mike Bostic retweetledi
Does the UK government need to sell bonds or borrow money before it can spend? No. Does the government need to attract savings in order to avoid destabilising inflation and depreciation? Yes. This is why bonds are important.
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Progressive lawmakers but really the avg person in general truly needs to grasp the importance of taxation. The whole tax to spend logic has been rotting our brains for way too long. open.substack.com/pub/mmt101/p/f…
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@jemelehill I agree. Dart again, has the right to express his views but the funny thing here is that if he went a rally supporting AOC or even NYC Mayor Zohran Mamdani I guarantee you the right would be calling him woke and burning his jersey.
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So Jaxson Dart gets to publicly express his political beliefs, but Abdul Carter doesn’t? If this is about locker room sanctity and leadership, is it a good idea for the face of the franchise to attend a political rally for a president that is considered to be hugely divisive?
Lawrence Tynes@lt4kicks
The locker room is a sacred place because it brings together everyone from all walks of life and beliefs for one common goal. Calling a teammate out publicly for his political views and to get attention is nasty work.
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@lt4kicks Jaxson Dart has every right to back who he wants in a public setting just like Abdul Carter has every right to express his difference of opinion in a public setting. However, it's nasty work on your end to attack Carter who's expressing his opinion just for clicks.
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The locker room is a sacred place because it brings together everyone from all walks of life and beliefs for one common goal.
Calling a teammate out publicly for his political views and to get attention is nasty work.
Abdul Carter@1NCRDB1
thought this sh!t was AI, what we doing man
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@tonyposnanski To me, the same people who are defending Dart going to that rally are the same ones who blamed Zohran Mamdani for the New York Mets long losing streak earlier in the MLB season.
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Just to be clear the people who are bending over backwards to defend Jaxson Dart’s introducing and excitement about Trump would be burning his jersey now if he did the same thing for Zohran Mamdani so stop trying to pretend it’s not about politics.
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@JohnJHarwood I'm old enough to remember Republicans crying over Colin Kaepernick when he took a knee on the field protesting police brutality. It's total hypocrisy with them.
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that's because Jaxson Dart was speaking up for an immoral sociopathic criminal who is severely damaging America
Steve Kerr has been speaking up for morality and decency and genuine American values
Pro-America | Politics & Markets@Pro__Trading
Democrats are crying over Jaxson Dart, but had no problem with Steve Kerr going on political diatribes for the last 5 years after the games.
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Weekly market recap:
$SPY +0.9% (8th straight winning week)
$DIA +2.1%
$QQQ +0.5%
Week ahead:
PCE, personal income & spending (April)
Jobless claims
Q1 GDP (second revision)
New home sales (April)
Consumer confidence (May)
Durable goods orders (April)
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@DarrigoMelanie So they're still on that "AOC is an Amazon jobs killer" nonsense despite history proving her to be right.
Also, John needs to educate himself on trickle down economics and how it's been an utter failure for lower/middle class Americans since 1980.
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Did you ever think that maybe the reason the cost of living in NYC is so high for the working class — the housing costs, taxes, inflation, healthcare costs, food costs — is because of the government policies?
Billionaires and corporations aren’t hurting. Working class New Yorkers are.
Trickle down economics has never worked and only drives wealth inequality and decimates the middle class.
It’s not unreasonable to demand, through policy, that billionaires and corporations pay their fair share in taxes, and our collective tax dollars are reinvested in the programs that help all New Yorkers, and create public good.
It’s also not unreasonable to demand, through policy, that corporations shouldn’t be allowed to exploit New Yorkers.
That’s not socialism — that is literally the function of government.
And to be clear — nowhere in NY is a minimum wage a living wage, which means our taxes go up and our services cut, while our tax dollars are subsidizing corporate profits on top of them getting tax breaks.
John M Chell@JohnMChell
Did you ever think that maybe NY is too expensive for some people to live? I would love an apartment in Manhattan but I can’t afford it - I don’t look for socialist handouts. I just work harder for it. Amazon already pays above minimum wage, offers benefits many warehouse jobs never did, and employs thousands of New Yorkers who voluntarily choose those jobs. If AOC, the privileged bartender from Yorktown, allowed Amazon to build in LIC there would have been 40k jobs with billions in tax revenue to fund more free stuff. If the issue is the cost of living in NYC, the answer isn’t attacking employers — it’s addressing housing costs, taxes, inflation, and government policies that make living here unaffordable in the first place. Notice you didn’t mention the crux of my post regarding the Three Card Mamdani budget. Typical - feelings over facts and reality. Socialism never works, even with a socialist calculator utilizing voodoo math that says 2+2=5…..But it feels right. @NYCMayor @AOC @cbcny @JeffBezos
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@JohnMChell John, you might want to educate yourself on the US tax system because you sound just as idiotic as Bezos.
x.com/i/status/20574…
Gabriel Zucman@gabriel_zucman
Hello @JeffBezos, since you question the results of our studies on the unfairness of the US tax system, please allow me to remind you of the main conclusions of our work, the most comprehensive research to date on this issue.
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Did you just say this in your post? 👀
“Did you ever think that maybe the reason the cost of living in NYC is so high for the working class — housing, taxes, inflation, healthcare, food — is because of government policies?”
Exactly. NYC government policies, pushed by your socialist partners and mayor. He kicked the can down the road with bailouts and failed governance by an inept city government. Thank you for proving the point.
I’m middle class. Trickle-down economics did not decimate me or my family. I worked hard, showed up, made no excuses, and paid my own way. I never held out a tin cup. I earned it, and I taught my children that nothing in this world is free — someone always pays.
“Fair share”? I’m part of the 3% paying roughly 50% of the taxes. Sounds fair to me. I love paying for all the “free” stuff.
Ken Griffin and his company reportedly paid about a billion dollars a year in taxes. Is that a fair share? Doesn’t matter now — our TikTok mayor chased him out.
Look up Margaret Thatcher.
@NYCMayor @samraskinz @NYCCouncil
Melanie D'Arrigo@DarrigoMelanie
Did you ever think that maybe the reason the cost of living in NYC is so high for the working class — the housing costs, taxes, inflation, healthcare costs, food costs — is because of the government policies? Billionaires and corporations aren’t hurting. Working class New Yorkers are. Trickle down economics has never worked and only drives wealth inequality and decimates the middle class. It’s not unreasonable to demand, through policy, that billionaires and corporations pay their fair share in taxes, and our collective tax dollars are reinvested in the programs that help all New Yorkers, and create public good. It’s also not unreasonable to demand, through policy, that corporations shouldn’t be allowed to exploit New Yorkers. That’s not socialism — that is literally the function of government. And to be clear — nowhere in NY is a minimum wage a living wage, which means our taxes go up and our services cut, while our tax dollars are subsidizing corporate profits on top of them getting tax breaks.
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@RobertBluey He's benefiting his constituents in NYC, what does that have to do with Jersey? What a weird hill to die on.
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Final May consumer sentiment hits a record low of 44.8 & down 14.2% y/y
Current conditions dropped to 45.8 & down 22.2% y/y
1 yr inflation outlook jumped to 4.8%
Long run outlook spiked to 3.9%
Trump's inflation wearing thin on consumers
cnbc.com/2026/05/22/con…
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@Yankees That to me was a brutal split, an offense that has gone nonexistent and now they're six behind in the loss column to the Rays as they come to the Bronx tomorrow night.
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@BillAckman @JeffBezos @andrewrsorkin When it comes to the tax system, people like you and bezos are choosing to be disingenuous & that's unfortunate.
x.com/i/status/20574…
Gabriel Zucman@gabriel_zucman
Hello @JeffBezos, since you question the results of our studies on the unfairness of the US tax system, please allow me to remind you of the main conclusions of our work, the most comprehensive research to date on this issue.
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A really important and interesting interview with @JeffBezos and @andrewrsorkin about tax policy, AI, the economy, and space. Unfortunately it is only in audio form.
Bezos argues for eliminating tax on the bottom 50%, making the case that the 3% of tax revenue from this cohort should be made up for by eliminating government waste and fraud. I agree.
He says that instead of vilifying the top 1% who pay 40% of Federal taxes, we should have a real debate about tax policy.
Is making the tax system even more progressive the right answer? Will it generate more revenues or less?
Or should we endeavor to eliminate waste and shrink the size of government in order to eliminate tax on an even greater percentage of Americans?
On AI, he makes a powerful case for more jobs, in fact a labor shortage, due to growth driven by increases in AI-driven productivity.
A must listen.
The interview begins at 18:33.
youtu.be/NSVpd46EfLo?si…
YouTube
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