Comments by "Grim Affiliations" (@grimaffiliations3671) on "Michael Bordenaro" channel.

  1. more like stopping for fuel
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  2. ​This claim that the "next generation will foot the bill" is nonsense. It relies on the idea that taxes will have to go up in the future to pay for the national debt, but that's completely wrong for two main reasons. The first one being, the debt isn't paid for by taxes, it's paid for by simply rolling over any bonds that come due. The government rolled over 120 TRILLION dollars worth of bonds in 2021 alone. That's trillion with a T. The idea that taxes could ever cover that amount in silly. They can do this forever because they control the currency our debt is denominated in. The other reason it's nonsense is the main reason, and it's because taxes don't pay for anything the federal government does. They're debited out of existence at the IRS. The money we're using to pay taxes comes from the government in the first place, so our taxes don't give them new money, they just cancel out what they've already spent. You can test this out yourself, the next time you pay federal taxes, do it in cash at a physical IRS location. They'll literally put your tax money in a shredder
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  3.  @LockedUpLarry  There was certainly a housing crisis before 2020, we've been underbuilding for years thanks to single family mandates
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  4. Cities and suburbs need to legalise apartments and town houses to lower these ridiculous demand levels
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  5.  @francismarion6400  tax cuts reduce revenue
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  6.  @BonoboMonkey  still less inflationary than a 20% tariff on all goods which is what trump is proposing
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  7.  @katydid2877  depends on where the house is. From a population perspective we've definitely underbuilt a lot after homebuilders were wiped out by the last big crash
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  8. nah, the chatter indicates that inflation will come in at 0% for the second time in a row this month. That happens and they'll definitely cut in september
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  9. this is a golden age for blue color work. It won't be long before most white collar jobs are done by ai
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  10. Some socialism would be quite nice, these corporations are getting too powerful
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  11. Interesting that people are talking about a depression with unemployment at 4% and growth estimated at close to 3% for the quarter
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  12.  @prd004.2  This is why i never understood why people are apposed to universal healthcare because they don't want to pay for other peoples healthcare but are ok paying insurance premiums, which is to cover other peoples healthcare. And your deductibles are tied to your premiums, so if you want to pay less for other people, you have to pay more upfront.
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  13. and now he wants a 20% tariff on all goods. Dude's economically illiterate
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  14. im not rich and i certainly aint voting for trumps inflationary tariffs. Im tired of inflation
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  15. The FED is ahead of the curve for once
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  16. a meme of doing that impossible and achieving a soft landing
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  17.  @AverageJoeDividends  violent crime and robberies, national level
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  18. pretty much all ev's are cheap thanks to battery prices coming down so much. Getting one was a no brainer for me
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  19. blue all the way
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  20. where do they charge fishing and hunting tax? also you must be pretty rich to be worrying about inherence taxes
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  21. corporate propoganda
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  22.  @Ziegfried82  Fun fact, the federal government doesn't actually use our taxes. They're debited out of existence as soon as we pay them. And if you decide to pay in cash, that cash loses all value as soon as you pay so they throw your tax money in a shredder. Because the government spent the money into circulation in the first place, so paying your taxes doesn't give them new money, it just cancels out what they already spent
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  23. blame the right wing supreme court
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  24. is it extending, or were you just wrong about the recession?
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  25. thats been a thing for a while, but bulls have made a fortune at the expense of the bears in that time
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  26. high rates hurt housing inventory, so this will lower jousing prices
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  27. it has always been the rate of increase in prices
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  28.  @katydid2877  More apartments means less demand for single family homes. And personally i don't think anyone should have the right to tell you what kind of housing you can build on your on land. Property rights matter
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  29. is it worthless if you can use it for shelter?
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  30. that's what happens when you defund education to lower peoples taxes. Lower taxes always come with a cost
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  31. lol
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  32. 3% growth, 4% unemployment, 2.9% inflation. "Imploding economy"
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  33.  @joedestefano3088  inflation isn't at 20% for everyday items, you pulled that out of your rear. People aren't falling off the unemployment numbers, take a look at the unemployment to population ratio. Credit card debt as a share of disposable income is where it was pre-pandemic
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  34. it should be normal. Interest rates should be 0% forever, and the govenrment should handle inflation with fiscal policy
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  35. Cutting spending is bad for the private sector. Government deficits = private sector surpluses
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  36.  @francismarion6400  yeah but cutting taxes immediately increases the deficit. That's a simple fact. I dont necessarily have a problem with adding to the deficit as long as it doesnt cause inflation, but it's still objectively what happens
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  37. You'd expect people to max out rhir credit cards before they get to theappoint, which they haven't been doing ,
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  38.  @theboringchannel2027  Eurozone countries do not control their own currencies, hence they have no control over their reinterest rates and can actually become insolvent. The US is in a different boat
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  39.  @theboringchannel2027  No because individual countries control their own currencies while EU member states do not. The Euro is controlled by the European Central Bank
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  40. They should cut rates in the next meeting
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  41. it hasn't been this strong in decades
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  42. blame the nimbys for the homeless problem
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  43. many places dont even allow starter homes
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  44. Turns out old joe isn't lying about a booming economy
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  45. But hey, at least he's fighting woke!
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  46.  @davidhunternyc1  housing situation is a big one
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  47.  @HarrisonCountyStudio  inflation isn't the price level, its the rate of price increase. Grocery price inflaiton is way down. You're not losing 2-3% of your purchasing power because wages tend to grow faster than 2-3% every year
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  48. or just get rid of property taxes and replace them with a land value taxes. That way you only pay according to the value gains implemented by the community around you. No more speculation, no more idle parking lots on prime land, no more super high taxes for people in rural areas or people use their land efficiently
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  49.  @cautiousoptimist1926  no it wasn't. Lowering them is a good thing, and its clearly not all that inflationary since we had a decade of interest rates at 0 with no resulting inflation
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  50.  @BillySBC  That was clearly a supply issue due to the bubble bursting. Nothing to do with rates, if anything low rates keep mortgages down which help with affordability. We struggled to get inflation up to 2% throughout the 2010's despite zirp and massive qe
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