Conversation

Notices

1. Embed this notice
   Cory Doctorow (pluralistic@mamot.fr)'s status on Tuesday, 13-May-2025 04:28:42 JST Cory Doctorow

   "Similarly, a private equity firm can invest a hundred million dollars to build a steel plant and potentially earn a 7% profit starting in two years, or it can borrow a hundred million dollars and buy an existing company and sell that firm’s real estate immediately and lease it back to the company it just bought while shedding labor contracts in bankruptcy. Which one is a better return on investment?"

   • Embed this notice
     dory (isilzha314@infosec.exchange)'s status on Tuesday, 13-May-2025 04:28:39 JST dory

     in reply to

     • gary

     @gary_alderson @pluralistic im not sure what your number specifically represent for kids compared to Social Security CoLAs. the support for children's programs and assistance should be better, but Social Security is (was up until a few months ago, at least) separate regulations

     https://www.ssa.gov/OACT/COLA/colaseries.html
     but the adjustments for at least some individuals w/o pensions or other secondary income hasn't kept up with lived existence. 2.5% on the base level of benefits isn't much.

     there's been discussion about the upper bounds of income assessed for years, but hasn't gone far
     https://www.ssa.gov/OACT/COLA/cbb.html

     https://www.usatoday.com/story/money/personalfinance/retirement/2025/02/09/has-congress-stolen-trillions-social-security/77834452007/

     Church of Jeff and Mr. Bill repeated this.
   • Embed this notice
     gary (gary_alderson@infosec.exchange)'s status on Tuesday, 13-May-2025 04:28:39 JST gary

     in reply to

     • dory

     @isilzha314 @pluralistic

     #youtube.com

     https://www.youtube.com/watch?v=qEJ4hkpQW8E&t=7s

   • Embed this notice
     gary (gary_alderson@infosec.exchange)'s status on Tuesday, 13-May-2025 04:28:40 JST gary

     in reply to

     @pluralistic it is more about special interests and entrenched greed - a prime example - 120b for cost of living social security adjustments fly through congress while 40b for kids gets crushed - it is a family values tour

   • Embed this notice
     Cory Doctorow (pluralistic@mamot.fr)'s status on Tuesday, 13-May-2025 04:28:41 JST Cory Doctorow

     in reply to

     -Matt Stoller, explaining how America consciously decided to create an environment hostile to making things; instead, we take things apart for profit, leaving ashes behind. Wall Street, not China, stole America's productive capacity.

     https://www.thebignewsletter.com/p/monopoly-round-up-china-is-not-why