lwzbr.bsky.social
39 posts
9 followers
29 following
Active Commenter
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Also seething rage over the end of ZIRP and the tech recession. If you go back to late 2022, all the VCs were screaming about impending economic Armageddon
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We can start with the people who are against congestion pricing
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Yeah well I’m still going to engage in tax fraud
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Well they all think they’re Thomas Edison and anyone that tries to stop them is impeding the technological progress of humanity. Wall Street guys may be greedy but they don’t pretend their credit default swaps are going to save the world
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Ironically none of the finance guys reacted this way because they know how to make money in a 5% rate world, but the tech sector was utterly addicted to free money and dependent on being able to dump their shitty SPACs on retail
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Maybe I’m wrong but it looks like that’s when Sacks, Balaji, etc, really became politically active. Idk if it’s seething rage that the rest of the economy kept chugging along or just a realization of how powerful public institutions really are
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Idk if it affected Elon as much as some of the other tech bros, but the end of ZIRP in 2022 really seems to have radicalized a lot of them too. I think the idea that Powell could wipe out half of their net worths with a snap of his fingers was really demeaning to them
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The problem with this is that there aren’t any sacred conservative institutions for libs to destroy. What are you going to go after? Car dealerships? DraftKings?
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McConnell is a replacement level politician whose one shrewd move (the Merrick Garland ratfuck) went to his head and made him think he’s a mastermind that can tame Trump for his ends. Ironically what did him in was his naive belief that Trump can’t electorally come back from Jan 6
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Well there’s the MAGA base but he also has a circle of tech oligarchs around him. I think the Hungary or Russia outcome is possible
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But did they have a permit
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To add to this, the F-16, which first flew in like 1974, was deliberately designed to be unstable in flight. The fly by wire system keeps it from falling out of the sky. The pilot just tells the computer what he wants to do, there’s no manual controls
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Found the guy paying for my travel rewards
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I believe “cuck” is the appropriate nomenclature
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Love to see it. Thank you for helping me pay for travel with credit card points. Couldn’t have done it without whales like RFK
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The reason to be fearful of something like this would be because it’s cruel and accomplishes nothing at the expense of causing huge suffering. So it’s right in the Trump/Musk policy wheelhouse
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Maybe it would work better in a swing state but there’s the obvious risk that people don’t fall for it and end up blaming the President. People tend to trust local and regional politicians more than federal ones
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Yeah but those people are already voting against Newsom so theres nothing to gain here. You’d need to swing some existing Newsom voters and that means assuming hyperpartisanship no longer holds so that they blame Newsom rather than Trump
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If the stories about Musk’s team pushing code to the Treasury payment system are correct, then it might give Musk’s team a way to hold the Treasury hostage if he’s removed
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These are very different things because the President has the authority and a mechanism to use nukes. There is no mechanism by which he can abolish a department. He can sign an EO that says the department of education is now abolished, but it has the same authority as an EO saying the sky is green
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I mean assassinating a head of state is pretty clearly an act of war, I’d expect the same for Biden or Obama
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This seems like the kind of thing that could have unintended consequences pretty easily since they’d be stiffing red areas in blue states in favor of blue areas in red states
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I mean the TikTok move is pretty clearly intended to have it under his control
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If they could use their own fortunes they would have. These are the same guys who got butthurt that they can’t dump their shitty SPACs on retail investors. The point is always to stick someone else with the bill
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What’s the difference between failing to redeem a T-bill and failing to make contractually agreed-to payments? They’re both forms of sovereign default aren’t they?
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No vote on debt ceiling until the demands are met either. Either both sides have an economic nuke or nobody has one, no unilateral disarmament
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We’re going to default on the debt because of a bad commit
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The latter group also came of age in a world where nothing seemed to matter, where you didn’t have to do your homework, could cheat on tests to your heart’s desire, etc
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It’s why the talk about DEI and fake jobs started circa 2022-23. The tech industry’s reckoning came in the form of higher interest rates but it was inexplicable to them why the rest of the country kept going without a recession.
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The ZIRP economy and COVID permafried a lot of people’s brains across the political and socioeconomic spectrum. It’s to millennials and Gen Z as the Reagan years were to boomers and its shadow will be with us for decades
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Damn, my paper “Barriers to Growth: Systemic Effects of Inequitable Taxation on High Socioeconomic Status Individuals” got defunded
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Trump seems to be a lot less tough when the markets are open and providing instant feedback about what he’s saying
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There’s an option 2B I think, there are mass protests and DUI Pete calls in the military, only to see his orders disobeyed and/or weapons pointed in the opposite direction. Things would unravel very quickly then
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You can tell this coup was planned by Elon Musk because it’s like somebody read about the rise of fascism but skipped all the boring chapters about consolidation of power and went straight to the insane totalitarian shit
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Even the Nazis weren’t dumb enough to blow up the economy and turn off the pension system, because they needed the state to function for ordinary Germans to secure their acquiescence
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The problem with this plan is that states function by fiat. The government has legitimacy and power only if people believe it does, and these guys are currently speedrunning the destruction of that legitimacy
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If tariffs cause productivity to fall and inflation to rise, then monetary expansion will only pour gasoline on the fire. The only tool in the Fed’s toolbox will be to send rates skyrocketing
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The reason the Hitler comparisons are off base is because Hitler wasn’t dumb enough to sabotage the system that makes sure people get their pension checks
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Are they competent enough to do this without accidentally bouncing 50 million social security checks and imploding the economy?