Corey Leyhee
12.2K posts
Corey Leyhee ری ٹویٹ کیا
I'm an Elon fan as everyone knows, but productivity has FAR outpaced wages since 1971.
More productivity WILL NOT means more people get more money.
It will 100% mean the richest .1% will get more money while everyone else gets poorer.
Elon Musk@elonmusk
Your statement is true if goods & services output doesn’t rise dramatically due to AI/robots, but false if it does. In a normal economy, issuing more money simply increases the dollar price of the existing output of goods & services, meaning people do NOT get more stuff. If AI/robots massively increase goods & services output, then you actually MUST issue dollars to people or there will be massive disinflation. Prices are simply the ratio of goods & services output to number of dollars.
English
@elonmusk @ImKingGinger Or just hold a deflationary currency for an extended period. Bitcoin.
English
Your statement is true if goods & services output doesn’t rise dramatically due to AI/robots, but false if it does.
In a normal economy, issuing more money simply increases the dollar price of the existing output of goods & services, meaning people do NOT get more stuff.
If AI/robots massively increase goods & services output, then you actually MUST issue dollars to people or there will be massive disinflation. Prices are simply the ratio of goods & services output to number of dollars.
English
If everyone gets a million dollars.
No one has a million dollars.
I'm not sure why no one understands this.
Elon Musk@elonmusk
Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
English
Ontario Realtors pre-selling Edmonton multiplexes using CMHC MLI financing.
I’ve never been more bearish in my life.
English
BREAKING: The cruise ship Celestyal Discovery just successfully sped through the Strait of Hormuz.
English
English
Just to be clear, ALL the home values that are plummeting to be more "affordable", is wiping out a massive amount of wealth from everyday ppl and the economy. Takes a long time to save back $250k+ @ronmortgageguy @JonFlynnREstats wish you would talk about this...
English
Canadian condos are the ultimate shitcoin.
People have this emotional hatred for things like crypto (many of which are the greatest scams concocted), yet feel perfectly great about ‘investing’ in Canadian dog crate condos. The cognitive dissonance is incredible.
Short (with leverage, if possible) every average Canadian’s “feeling” about real estate.
English
@BenRabidoux @OSFICanada @OSFIBSIF_leader It would be wildly funny except the insanity of Blanket Appraisals went 3 years with zero interest from OSFI which screwed borrowers & radically suppressed Price Discovery in the Condo Space
English
Absolutely wild for @OSFICanada to include this statement in their annual risk outlook after turning a blind eye to "blanket appraisals" on new condos for over 2 years.
@OSFIBSIF_leader needs to be hauled before a parliamentary committee and grilled on this point.
English
Will never understand why people don't include a home in their net-worth.
If the home is worth $550,000 and you owe $200,000 that $350,000 absolutely goes to your net-worth.
...What am I missing!?
English
Gas was 50% water from Edmonton station: dealership ctvnews.ca/edmonton/video…
English
He sexually harasses a girl, but encounters someone who doesn’t look the other way.
FAFO.
English
@BarackObama Do the opposite of what this individual says unless you want to eat the bugs and have your country overtaken by leeches.
English
Virginia, if you haven’t done it already, make a plan to vote YES on the redistricting referendum.
You can vote early by April 18 or on Election Day, April 21. Find your polling place at IWillVote.com/VA.
English
Don’t let some ‘financial bro’ tell you it’s a bad idea to pay off your house.
They have a lot of Excel experience and little life experience.
Such a silly take.
English
@thevivafrei His argument is that with AI and robotics m, that computer trading in a free market will only cost $75.
English
I don’t understand this argument.
What good does “universal high income” do when all that would happen is massive inflation for the cost of goods?
Awesome, now everyone’s a millionaire.
And a computer now costs $20,000 because every retailer knows that everyone’s a millionaire.
Elon Musk@elonmusk
Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
English
The Esso station at Ellerslie Road and Summerside Drive in south Edmonton had several of its pumps taken out of service Wednesday after multiple drivers reported their vehicles stalling or failing to start shortly after filling up at the location.
Drivers who filled up at the location told YEGWAVE they believe water may have been mixed into the fuel, causing their vehicles to stall or fail to start.
The situation spread quickly through the Summerside community, with residents warning each other not to fuel up at the Circle K-operated station.
English
@Rightanglenews They recorded and shared this thinking it was funny. Think about that deeply.
Someone save this child.
English
Two gay men in Nashville are sparking nationwide outrage after recording a video of themselves mocking the baby they had via surrogacy as it cries for its mother for content.
Man: “Who do you want, Dada or Pop?”
Baby: “Mama”
Man: “No, there is no mama.”
Baby: cries
English
Imagine being told in 2016 that if you waited a DECADE, you'd be able to buy this Vancouver property for less money. No chance you would've believe it.
We're in a different world today
English
Between 2015 and 2024, more than $1 trillion of investment exited Canada—the largest capital exodus in Canadian history. For every dollar of inward Foreign direct investment, two dollars exited.
English
FSD 14 for AI3 is coming in June. This was answered on the earnings call last quarter.
Gerard@Gerard_Otero76
It’s frustrating to watch the progress of #FSD Supervised while those of us on AI3 feel left behind. We need clarity: is a retrofit or an optimized version coming soon? The AI3 community is waiting for an answer. ✋📉 @elonmusk @Tesla @Tesla_AI #Tesla #FSDv14
English