turnip

u/turnip@sh.itjust.works
7 posts · 458 comments

Recent posts

Recent comments

on Stop dividing the left! · c/memes · 4 pts · 1y

They said the same thing about every Republican as what they say about Trump. If you live your entire life in hyperbole people get desensitized.

Thats our monetary policy. People must consume more every year to create more inflation, as technology actively reduces the price of goods.

If goods get cheaper we have deflation, they create more money supply via lower interest rates, and the price of inelastic shelter gets bid up, and asset holders receive a value windfall until prices rise. Which is why we are at a higher price to income ratio than 2007.

People born closer to the gold standard are richer, they got in when currency wasnt tethered to consumption.

Carney said he was going to cut 28b in government spending via AI. If that isn't DOGE in a nutshell I don't know what is.

At the same time we will have nearly double the immigration numbers the Cons want, into an extreme housing shortage. Specifically a 1% cap of 430k, making them the party of cheap corporate labor.

All great things if you own equities and assets, but if you're poor you get a yearly 500$ dental check funded entirely by debt and future austerity, as they've already rolled back the capital gains hikes.

Though even Sysadmin is going to be managing a SaaS cloud service or a self managed docker container on an automatically provisioned hyperconverged SAN, so its going to be obsolete in a decade. Chromebooks are where we are headed, and Google also saw the future a decade ago.

He would be the first person in modern history to cut the government if he succeeded, even Reagan didn't despite the rhetoric. I think Clinton had the end of the Soviets which I am not counting.

Though if you asked these people if they felt they should have higher taxes to pay for it, due to aging demographics and higher borrowing rates, they would say no as well. So what do you do?