August 18 2023
- Sacks partying and alcohol stories
- Snow White Disney movie controversy
- Disparaging the OG Disney movie
- Rich Men North of Richmond
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Channeling people’s voice
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People are justifiably angry about the failure of the elite and the coverup by the media
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A lot like Solzhenitsyn line about brazen lying
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Bottom 80% earnings have been flat for 60 years
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Too much red tape preventing lower income people from becoming entrepreneurs and earners
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The truth is that we don’t want the government to bring down the dashed black line or the blue line - this is natural - it proves economic supremacy of US GDP - so the answer is simply that this is a hard issue and we want the government to stay out of our way
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Problems are in addiction to wars, military industrial complex draining the country of resources and elite corruption (example covid)
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Whenever government steps in to help people, it actually creates bad incentives
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Think about how hard is it to move up
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It would be nice to see instead of this chart - what the mobility is between these lines
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Think about how Lyndon Johnson’s War on Poverty destroyed this country and created bad disincentives that ruined nuclear families
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Vivek and Christie have positive messages
- Vivek: “Victimizhood is a choice” is a good line
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Most balanced people in all the lines are the folks who are satisfied by themselves in their own self - not looking to things that are ahead, etc - usually have a deep relationship with 1 romantic partner and their kids
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Encapsulated by weird moment with Joy Behar trying to make Tim Scott feel bad about his success - who gets to tell you how you should feel about yourself
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- Michael Burry apparently bets $1.6B on stock market crash
- $866M on put options against S&P, $700+M against Nasdaq
- Questionable reporting?
- Probably just good headlines in a time with nothing going on
- Media needs to do a better job with these stories
- Economy
- Real estate developers are in big trouble
- Trump indictment
- 4th now - Fulton county, Georgia
- President can’t pardon state crimes
- Adyen stock drop
- Multiple compression
- Stripe, Adyen, Paypal etc are middle-men businesses
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