The trees planted on city sidewalks should be replaced with fruit trees, so

the homeless have something to eat in the summer and fall.

-[deleted], Oct 2015

Slavic Service

If you’re a bank you can use customer funds for your own purposes, you don’t need to keep any of your customers money or make it available to them other than in small amounts.

If you make huge losses, you don’t go bankrupt, the government bails both your bank and your customers out.

Without a banking license, the above will cause bankruptcy and is illegal and amoral.

🎯🎯🎯 Facts. I have clients there. My wife is always creeper out if she has to travel to Gary with me.

Oh the tables have definetly turned on that one.

Those escaping communism in the west now can seek safe haven in Russia.

I've noted, with some approval, there are quite a few #leftwing views here. I'm sure our #rightwing and #freemarket fans here will argue with them, but remember it's having both sets that makes this platform special.

If they're driven out, this will be just another fake #freespeech #soapbox like #Gab, a site that blocks #TOR connections. We could be so much more than that. We can be the whole story, if we're welcoming.

What do you think #nostr? #asknostr #politics #election2024

My estimation is that only 10% of GDP activity is truly productive. The balance GDP activity (the other 90%) is largely dedicated to taking away the consumer or producer surplus of this 10% true productivity. Fiat makes this taking away of surplus extraordinarily efficient.

Capitalism, needs capital.

What I see being built in the last decades is thanks to debts and Cantillion effect.

Too much easy to be an entrepreneur when it's not your saved time (capital) at risk.

Today is 8/21, or ฿itcoin ♾️ Infinity Day.

Everything there is, or ever will be, divided by 21 million. That's what one ฿itcoin is.

Time to read more @knutsvanholm books 📚

What will be ROI on said cathedral? 😳

The complicated aspect about the Social Security system in the United States is that it was falsely marketed.

It's called an "entitlement" because people pay into it and are supposed to get it back like a pension, regardless of whether they are rich or poor when they retire. And so the Baby Boomer generation views any cuts to their social security as a rugpull, basically. It's not insurance or charity; it's an entitlement.

However, although it was marketed as like an entitlement/pension, that's not how the math worked out in practice. And it's because population growth is slowing. It was based on ponzi math, assuming that every generation will be bigger than the one that came before it. But the Baby Boomer generation was huge.

In addition, when Social Security was created, the retirement age was set near the average life expectancy. Many people would not live long enough to collect it, and most would collect it for a handful of years. Only a small minority of outliers would work for like 40 years and then live off social security for like 20+ years. But then over the decades, life expectancy increased by like 15 years, so the default assumption is indeed that someone can work for 40 years and then have 20+ years of retirement, even though the amount they pay into it doesn't really mathematically cover that. It's not designed for that en masse.

And so Baby Boomers had like a 3.5 worker-to-retiree ratio to support in their peak earnings years, while Millennials will have more like a 2.5 worker-to-retiree ratio or less to deal with. Which means they get a worse deal. Many Millennials don't even think they'll get it at all, despite paying into it.

That breaks up the social contract and sets up inter-generational political conflict. "Fourth Turning" stuff.

It's a big reason why "defined benefit" plans are inherently unstable; they rely on being able to predict the future.

And it's also a big reason why, when speaking about deficits, nothing stops this train.

I had to buy everything I own by myself. No zaps involved...I only got here not even a year ago....lol and I only found out Bout zaps 3 months in....😂😂😂

I was like, what is that lighting thing ???? Then I made a lightning address, all by myself, with the help of some Frens here. 🙌🙌🙌