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Pre-Post Show: 22 Nov 2019

HEY HEY, HO HO, It's the Pre-Post Show!

Pre-Post Show: 22 Nov 2019

Comments

You would prefer there be no shows when their personal schedules would otherwise interfere with the recording schedule?

Josh Jerome

They've been very open about why they're doing this. It's a temporary measure afaik and personally I don't really mind

Matthew Colangelo

The problem with your assessment is you're not factoring in the outcome of a giant corporation or multibillionaire losing some of their worth. That leaves room open for competitors to take some of the share of the market back from these massive entities that have come close to monopolizing whole industries. Over 50% of all online sales goes through Amazon. That is not a number anybody should be happy about. Not to mention it is immoral and illogical for a society to allow this much power to accrue in the hands of private entities in the first place. Not to mention I highly doubt your numbers and analysis, especially given the fact that you say its a drunk wall of text. Needless to say there are multiple possibilities, and I'd prefer to shake up the system in order to address this massive problem of income inequality and corruption which keeps us from fixing every other major problem that faces the human race

Matt Schilling

The misty Green Sky was way worse.

Oliver Zinn

I agree, Supply and demand is about as basic as it gets 😉 Seriously though, drunk wall of text aside, i don't think it takes a genius to realize that the government enacting a tax which seriously destabilizes the market intentionally (as a means to an end of wealth redistribution that in the process of being enacted, destroys a fuckton of wealth) is a terrible policy. There are other, better options like schemes to repatriate american capital from offshore tax havens and Yang's VAT tax, etc.

Matt Webb

“basic economics” 😂

Colin Thome

Re: the Bill Gates segment, he definitely came off like a smug billionaire... I didn't watch more of the clip outside the episode context, but it seems like he is totally self-centred and failed to explain why warren's wealth tax is a disaster in general: it'll fuck the stock market so hard it won't get up for a loooong time... Because billionaires have so much wealth, they need minuscule amounts of liquid capital year on year in comparison to the monstrous proportions vs their total net net worths to sustain "the lifestyle", which is usually insanely diversified investments. Essentially, if these 75k households are taxed 3% of their net worth per annum, they would have to liquidate a shitton of their assets year-on-year to pay for this because it's way more cash than they ever have just chilling in a checking account from income sources not being immediately reinvested. On the surface this seems fine and something that they can just get someone to do for them on wall st, but there are serious implications to the stock market itself if this is implemented. Take Bezos for example - he now needs to pony up >3 billion/year as a result of this wealth tax. Where's he gonna get 3 billion to pay the irs if, say, he's only got 420 million in the bank? By unloading a fuckton of amazon shares which make up the vast majority of his net worth? That would dilute his equity, cause the price of amazon shares to drop from the selloff (via supply and demand), and further reduce his net worth in the process. Or, he could liquidate some of his investments in other markets. But say his portfolio is very diverse, and so to come up with 3 billion he'll have to sell off many massive chunks of various companies with relatively small market caps in the range under the amount of his tax bill. The share prices of said companies would tank, all their other investors will be up shitt's creek and the recession dominoes start falling. Neither are good things for America, or the global economy as a whole for that matter. It will cause inevitably cause yearly mini-recessions simply due to supply and demand being a thing... Come tax time, when 3% of the market is liquidated all at once every year (i forget the exact stat, but Kyle Kulinski once mentioned that a vast majority of stocks are held by the 1%), the market is going to be a god damn firesale. And because trades are done in smaller batches across milliseconds for a slight edge these days, it's going to be an absolute shitshow and way more is going to need to be sold off than expected. As the yearly event happens and prices are expected to drop, more shares need to be liquidated as the drop goes on in real-time - a real hidden cost that will seriously add up. Sorry for the wall of text, unfortunately it's a really nuanced issue that i know enough about to understand the conversation isn't where it needs to be... and one that will obviously never be done justice in the media whatsoever either :( TLDR: Bill gates is an autist, warren's wealth tax is a scheduled annual economic nightmare waiting to happen due to basic economics and the way ultra-high net worths are "too big to fail" in current american capitalism just like the banks in 2007 but with different action mechanisms to collapse the structure of the global economy (regardless of billionaires being insufferable).

Matt Webb

You have a point. I suppose I should use that VPN service I bought huh? Lol. I couldn't find Rick and Morty season 4, so I thought maybe the Mandalorian might have a similar issue.

Clyde Frog

just pirate it then Clyde, its not hard, and it's a good show. or wait till the seasons over and do the 7 day free trial

Nicholas

Fuck that. I refuse to give Disney any more money, especially for a dogshit streaming service subscription.

Clyde Frog

Fuck it, I'll work for free if this park becomes a thing. A good suggestion for your Paul Experience would be something like Carousal of Problems: following the decline of Paul's insanity. Love you Paul.

NikoNikolaia

Mandalorian is really good you guys need to see it

SawedOffClown .


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