Wednesday, October 22, 2025
universal basic income?
Anonymous said...
One day, unless universal basic income is installed to counter taxes, insurance, utilities etc., we have a massive overthrow of those institutions which are reaming us more and more.
I'm not a fan of the concept, but prices are going through the ceiling and even the White natives might get restless.
--GRA
Tuesday, October 21, 2025 at 10:33:00 PM EDT
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UNIVERSAL BASIC INCOME--YEP TO TECH COMPANIES,NOT CITIZENS;(ZH)"As If Millions Of Shorts Suddenly Cried Out In Terror": Trump Admin To Take Equity Stakes In Quantum Computing Firms
GRA:P.T. is taking money(from who knows where)and buying 10-20% stakes in companies that are mostly being shorted or ignored.
I haven't read that Congress appropriated money for this purpose--this looks like stock market propping to me.
Apparently,billions can be conjured up for this purpose at any time.
In other news,the NFL used THEIR fake money and bought a 10% equity stake in ESPN--to help keep them afloat.
I just ask one question:If a trillion dollars floats down in a forest and no one sees it,did it really happen?
--GRA
My favorite comment about the shutdown;
"If you wanted to make these bastards hurt make everyday the government is shut down a ZERO tax day! Why are we paying tax on a government that's shut down?"
--GRA
Second favorite comment(concerning the suggestion that Congress shouldn't be paid during the shutdown)
"Their pay checks are just candy/cigarette money for these guys. A DC Congress persons real income comes from the stock market. It's absurd that they were ever allowed to trade stocks."
GRA:Insider trading allowed for them,non-stop.
--GRA
"Ooh, look, more companies! Santa Claus wouldn't say 'No', right?"
ZeroHedge, 8:53am Oct 23: "Quantum-computing stocks rallied on a WSJ report the US Is mulling buying stakes (Rigetti Computing (RGTI US) +9.1%, IonQ (IONQ US) +8.7%)."
Oh well. Better that than bailing out obamacare. One good thing on the onebigbeautifulsh*tsandwich bill is the end of bailout of obamacare subsidies at tax time - but not starting until the 2026 tax returns. Right now, if you misunderestimate your income when signing up, you get a big subsidy. Then when you do your taxes and it turns out that you actually had higher income and weren't entitled to such a big subsidy, you have to repay the difference. But the repayment amount is capped. A lot of people never have to repay the entire shortfall. And by the time you file your tax return it's already April in the next year and you've already got four more months of excess subsidy.
The obbssb removed the caps. Now that's one little part of that ugly monster bill that is truly Beautiful. But congress will probably restore the "oh-never-mind, we'll just call it even" scam.
MORE STOCK MARKET PROPPING and kind of like "Universal Basic Investment Account", by the way - the so-called "Trump Accounts" in the obbssb. Obscene, absolutely obscene. "President Trump's sprawling tax law creates a new, tax-advantaged investment account prefunded with $1,000 for each child born from the beginning of 2025 through the end of 2028."
"Quoth The Raven" on substack has wondered what happens to the stock market when bad times hit. Right now, there's tons of quiet automatic inflows from payroll into 401(k). But if unemployment jumps, those automatic inflows stop - and a lot of people start doing some withdrawals ("because I need the money now, and I'm a financial illterate who wants government to take care of my like a child") - then the stock market goes oopsie.
Stay tuned for news. Bad news. Sometime. Hopefully not until after my lifetime.
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