I hope you all understand where this GME ends. It ends with the government taking over your 401k for your own good, of course.

THREAD.

Biden already has a plan that would affect the tax benefits of your 401k. And it’s not exactly a secret that Democrats have been eyeing the 401k accounts for years. First they want to collect the taxes that you’re saving by using a 401k. It’s a lot of money.
That green new deal? Oh yeah that’s gonna be crazy expensive. It’s gonna mean deficit spending that makes precious deficit spending look like a balanced budget in comparison. Worse yet is that it’s going to cost jobs. Lots and lots of jobs.
There’s the direct job loss for example, keystone pipeline layoffs. But there’s indirect job losses. Because people like me can sorta absorb increased energy and gasoline prices. But that usually means I’m going to cut back on spending. That less eating out. Less purchases.
Maybe ending services like housekeeping or pest control in favor of DIY. Now my little contribution won’t cost a job but take 10 people like me and you’ve got a couple job losses. Take 1000 people or 10000 like me and you’re looking at big job losses.
And those jobs installing/making solar panels. Surely you jest. Really? You think those are going to be made here and in levels that will offset job loss? That’s too funny. I’ve got some shovel ready jobs for you. Just send 19.95 to my PayPal account and I’ll send you a list.
Whose gonna pay for all this flittering of money on green energy?

YOU.

And government sees 401k as an enormous pot of wealth. When Pelosi says she wants a “wealth tax” you think that means Bill Gates? No. It means taxing your wealth. Where is your wealth?

401k.
Don’t believe me? Ireland passed a levy in 2012 on assets. Why? They needed the revenue. Our government is talking about reducing tax benefits on 401ks right now. Pelosi, et al have been talking about wealth taxes. Just Google it.
Now let’s move to the current stock market. The Reddit revenge is pretty funny to most of us. But it’s a perfect excuse for more legislation. Remember the stock market crash in 2008? Guess what Pelosi was talking about then?
You betcha. Taking our 401k and converting it into an annuity. https://t.co/PgrRKG5BZ5

What does that mean? Taking your 401k and spending it now while promising to pay you a fixed amount. Sounds an awful lot like social security to me.
You can thank NeverTrump, by the way. Your new found slavery will be so much better now that decency has returned. Take solace in the tweets for unity and peace.

More from Government

Which metric is a better predictor of the severity of the fall surge in US states?

1) Margin of Democrat victory in Nov 2020 election
or
2) % infected through Sep 1, 2020

Can you guess which plot is which?


The left plot is based on the % infected through Sep 1, 2020. You can see that there is very little correlation with the % infected since Sep 1.

However, there is a *strong* correlation when using the margin of Biden's victory (right).

Infections % from
https://t.co/WcXlfxv3Ah.


This is the strongest single variable I've seen in being able to explain the severity of this most recent wave in each state.

Not past infections / existing immunity, population density, racial makeup, latitude / weather / humidity, etc.

But political lean.

One can argue that states that lean Democrat are more likely to implement restrictions/mandates.

This is valid, so we test this by using the Government Stringency Index made by @UniofOxford.

We also see a correlation, but it's weaker (R^2=0.36 vs 0.50).

https://t.co/BxBBKwW6ta


To avoid look-ahead bias/confounding variables, here is the same analysis but using 2016 margin of victory as the predictor. Similar results.

This basically says that 2016 election results is a better predictor of the severity of the fall wave than intervention levels in 2020!
This is a good piece on fissures within the GOP but I think it mischaracterizes the Trump presidency as “populist” & repeats a story about how conservatives & the GOP expelled the far-right in the mid-1960s that is actually far more complicated. /1

I don’t think the sharp opposition between “hard-edge populism” & “conservative orthodoxy” holds. Many of the Trump administration’s achievements were boilerplate conservatism. Its own website trumpets things like “massive deregulation,” tax cuts, etc. /2

https://t.co/N97v85Bb79


The claim that Buckley and “key GOP politicians banded together to marginalize anti-Communist extremism and conspiracy-mongering” of the JBS has been widely repeated lately but the history is more complicated. /3


This tweet by @ThePlumLineGS citing a paper by @sam_rosenfeld and @daschloz on the "porous" boundary between conservatives, the GOP and the far-right is relevant in this context.


This is a separate point but I find it interesting that Gaetz, like Roy Moore did In his failed Senate campaign, disses McConnell. What are their actual policy differences? MM supported taking health care away from millions, a tax cut for the rich, conservative judges, etc. /5

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