Thread – Why the Latest Pelosi-backed $2T Stimulus Bill Went Nowhere
1. The Dementiacrats have been holding more virus relief hostage in order to force Republicans to cave and vote for another $2T Dementiacrat porkulus bill instead.
Stimulus bill: $2,000,000,000,000 ($2 Trillion)
Dividing the cost by every person in America is $6,051.74
The government could have given every person over $6,000, but instead will give $1,200 to each adult under a certain income.
$300,000,000 for Migrant and Refugee Assistance pg 147
$10,000 per person for student loan bailout
$100,000,000 to NASA, because, who knows why.
$300,000,000 to the Endowment for the Arts - because of it
$300,000,000 for the Endowment for the Humanities/ because no one even knew that was a thing
$435,000,000 for mental health support
$30,000,000,000 for the Dept of Education stabilization fund/ because that will keep people employed (all those zeros can be confusing; that’s $30B!)
$300,000,000 to Public Broadcasting / NPR has to be bought by the Dems]
$500,000,000 to Museums and Libraries / Who the hell knows how we are going to use it
$25,000,000 for Cleaning supplies for the Capitol Building / I kid you not it's on page 136
$7,500,000 to the Smithsonian for additional salaries
$25,000,000 for additional salary for House of Representatives
$3,000,000,000 upgrade to the IT department at the VA - $3 Billion ? ? ?
$315,000,000 for State Department Diplomatic Programs
$300,000,000 for International Disaster Assistance
$90,000,000 for the Peace Corp pg 148
$13,000,000 to Howard University pg 121
$9,000,000 Misc. Senate Expenses pg 134
$100,000,000 is chump change
$1,000,000,000 Airlines Recycle and Save Program pg 163
$25,000,000 to the FAA for administrative costs pg 165
$526,000,000 Grants to Amtrak to remain available if needed through 2021 pg 168 (what are the odds that doesn't go unused)
$25,000,000,000 for Transit Infrastructure pg 169
$3,000,000 Maritime Administration pg 172
$5,000,000 Salaries and Expensive Office of the Inspector General pg 172
$5,000,000 Community Planning and Development pg 175
$2,500,000 Office of Housing
https://t.co/XAyypGcQex
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Dr. Surjit Bhalla, executive director at IMF support farm
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Godrej Agrovet Chairman Nadir Godrej tells Bloomberg that agriculture reforms are important for India. pic.twitter.com/N6rnelLn0E
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Prof Ashok Gulati supports new farm
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It's always been detached, and it's always made the real economy worse.
[THREAD] 1/10
What is profit? It's excess labor.
You and your coworkers make a chair. Your boss sells that chair for more than he pays for the production of that chair and pockets the extra money.
So he pays you less than what he should and calls the unpaid labor he took "profit." 2/10
Well, the stock market adds a layer to that.
So now, when you work, it isn't just your boss that is siphoning off your excess labor but it is also all the shareholders.
There's a whole class of people who now rely on you to produce those chairs without fair compensation. 3/10
And in order to support these people, you and your coworkers need to up your productivity. More hours etc.
But Wall Street demands endless growth in order to keep the game going, so that's not enough.
So as your productivity increases, your relative wages suffer. 4/10
Not because the goods don't have value or because your labor is worth less. Often it's actually worth more because you've had to become incredibly productive in order to keep your job.
No, your wages suffer because there are so many people who need to profit from your work. 5/10
[THREAD] 1/10
I know people think this is fun but -- why do we have a stock market? So productive firms can raise capital to do useful things. Detaching stock price from fundamental value (Gamestop is now worth almost as much as Best Buy) makes the markets serve the real economy worse.
— Josh Barro (@jbarro) January 27, 2021
What is profit? It's excess labor.
You and your coworkers make a chair. Your boss sells that chair for more than he pays for the production of that chair and pockets the extra money.
So he pays you less than what he should and calls the unpaid labor he took "profit." 2/10
Well, the stock market adds a layer to that.
So now, when you work, it isn't just your boss that is siphoning off your excess labor but it is also all the shareholders.
There's a whole class of people who now rely on you to produce those chairs without fair compensation. 3/10
And in order to support these people, you and your coworkers need to up your productivity. More hours etc.
But Wall Street demands endless growth in order to keep the game going, so that's not enough.
So as your productivity increases, your relative wages suffer. 4/10
Not because the goods don't have value or because your labor is worth less. Often it's actually worth more because you've had to become incredibly productive in order to keep your job.
No, your wages suffer because there are so many people who need to profit from your work. 5/10
