https://www.yahoo.com/news/column-pelosi-biden-ouster-just-175527313.html

LA Times Column: Pelosi on Biden ouster: 'I just wanted to win this election. So if they're upset, I'm sorry for them'

Pelosi fully admits to the hostile takeover of the (D) nomination process to install Harris

I don't think it's a bubble, i think it's a reflection of what's happening to the dollar. We're adding 2 trillion of debt per year currently. We either grow or inflate our way forward and it's pretty clear growth will be difficult. What's the engine for growth? AI?


Wealthy people can insulate themselves from inflation because they can spread their wealth into stocks, real estate, gold, luxury goods that retain value, etc, while the people making <60k are largely fucked, as their disposable income was eaten away by inflation and now they have use credit cards to survive.

Real estate prices have been on the way up ever since quantitative easing begun in the early 2010s, even during the pre-covid times when food prices and general inflation remained muted. "Asset price inflation" and so on. But even that was still manageable for most people. But in recent years, the housing sector has gone completely bonkers. Which clearly has to do with the big investment funds buying up the housing market during covid and with building activity lagging due to the 2021-2023 surge in costs.



So yes, until now, money printing and pernicious institutional factors are the main drivers of the inflation on the housing market. I was just responding to the point Goom alluded to, namely that such a situation in which the housing market outpaces the rest of the economy two- or three-fold can't go on forever. My point is that the only way to sustain it is to keep the demand-side of the market propped up, which can realistically only happen via mass migration.

This post was edited by Black XistenZ on Aug 20 2024 07:48am

So aside from price caps which is an immensely dumb idea, this is the latest on some economic ideas



I would expect all of these to be watered down if actually passed. Taxes on unrealized gains seems kind of dumb but at least she leveled that against ultra high net worth individuals not everyone. Child tax credit I'm generally in favor for. One of the better ways to waste tax dollars, helping parents build families should be encouraged.

The corporate tax cut being middle pointed at 28% is pretty interesting. Corporate earnings are already slowing, you will see a lot of pushback and even if D's win, i think it ends up being less than 28%.

They said the same thing about the graduated income tax, before WW2 the only people paying taxes were Incorporated entities into the federal government, and those in receipt of funds from the federal government.
That's why you had the supposed 90% tax on income, because it was targeting brokers of the federal governments property.
Today with the Social Security Numbers, you are assumed to be holding an un-elected public office of the federal government, and that all 'Income' received is presumed to be funds given by the federal government.
If you want to not pay Taxes in the United States, you file an amended W8-BEN with your employer as a foreign estate, instead of a W-4 where the Government presumes you are just like a congressmen who has to give back a cut of what he is paid.

I believe the way this days-long discussion got started was me objecting to the idea that Trump's campaign messaging was policy-centric. I'm in favor of the Harris/Walz ticket doing whatever it takes to win, which means more vibes than policy.

A big reason rally size talking points cut so hard for the crowd is because Trump is obsessed with them and Walz has made fun of that. Lol.

Can we get past this silly side-point discussion though? The most policy-centered campaign doesn't necessarily win. It's about vibes and big messages. A Democratic rally breaking into USA chants is a good political spot for Democrats to be in.



Trump shit talked America the 4 years he was president, lol. It's how he rolls.

He's acted as an "outsider" the whole time he's been relevant in politics. Even things that happen in his administration he tries to escape blame for, and the cult accomodates him.

This post was edited by IceMage on Aug 20 2024 06:54pm

Well, the institutional pushback and #resistance stymied most of his agenda, so it kinda makes sense that he continued to be frustrated at the state of America in spite of being the president. And what was he gonna say anyway?
"I made America great again, my job is done... but uh, please reelect me anyway"?

This post was edited by Black XistenZ on Aug 20 2024 07:00pm

So no change to the 0 percent capital gains tax bracket proposed?

"
A capital gains rate of 0% applies if your taxable income is less than or equal to:

$44,625 for single and married filing separately;
$89,250 for married filing jointly and qualifying surviving spouse; and"

This post was edited by RedFromWinter on Aug 20 2024 09:32pm

https://projects.fivethirtyeight.com/polls/approval/kamala-harris/

Can you really run a substance free "vibes" campaign trying to base your appeal solely on a candidate's artificially generated persona when people dislike her by a wide margin? She polls favorability like Hillary did in 16. Biden gave his preview speech of the upcoming campaign and it was just a recitation of the same dumb personal attacks on Trump as the last two elections. Trump caught the responsibility for covid but Harris is catching the responsibility for the economy. Training her to use 'pokemon substitute' and absolve her of joe biden's sins seems so transparent even the least interested voters see right through it. And the moment she opens her mouth and mentions the economy shes making it so much worse, "price controls", really