That Elon Musk guy...

[T. A. Gardner]

If companies aren't leaving Cali for Texas it's for other states like Arizona. The "real" silicon valley is in Phoenix:

Intel Semiconductor plant Chandler AZ

Taiwan Semiconductor "campus" and mega factory Phoenix AZ.

The only thing left in California's "Silcon Valley" are office trolls doing programming for little more than minimum wage. There is no manufacturing there anymore. California has regulated that out of business entirely.

 

[Althea]

It wouldn't be bad to fight to get some more equal wealth distribution back. There are things that can be done. One step at a time.

The rules have changed since when I started out.

I'd focus on housing because that's taking 100% more of peoples' income now than when I started out. Fix that 1st.

Actually, the first focus is on manufacturing.

Republicans had a chance to bring manufacturing back when they crafted their billionaire tax giveaway.

All they had to do was to eliminate taxes for corporations that do all of their manufacturing here, and raise the taxes on those who didn't.

But they didn't.

The need for a two income household started when our standard of living increased. Two cars in every driveway instead of one. A t.v in every room of the house, instead of one. It was a tradeoff that families were happy to make, to the detriment of the 'latchkey' kids.

Now there are no quality jobs left for those with a high school education, outside of the service industry.

It's never going back.

 

[Matt Dillon]

Actually, the first focus is on manufacturing.

Republicans had a chance to bring manufacturing back when they crafted their billionaire tax giveaway.

All they had to do was to eliminate taxes for corporations that do all of their manufacturing here, and raise the taxes on those who didn't.

But they didn't.

The need for a two income household started when our standard of living increased. Two cars in every driveway instead of one. A t.v in every room of the house, instead of one. It was a tradeoff that families were happy to make, to the detriment of the 'latchkey' kids.

Now there are no quality jobs left for those with a high school education, outside of the service industry.

It's never going back.

Dude, even in the 60s people had a car or two, and an RV or boat to take a vacation once a year.

Lots of people had cars for the husband and wife both.

 

[Althea]

Dude, even in the 60s people had a car or two, and an RV or boat to take a vacation once a year.

Lots of people had cars for the husband and wife both.

Correct. That is when women increased participation in the workforce, and kids grades started to suffer.

 

[cawacko]

It wouldn't be bad to fight to get some more equal wealth distribution back. There are things that can be done. One step at a time.

The rules have changed since when I started out.

I'd focus on housing because that's taking 100% more of peoples' income now than when I started out. Fix that 1st.

I agree with you about the housing. But notice it doesn't get discussed much? I can offer two reasons. 1) on a board like this dominated by Boomers folks really only care that their properties values are maintained/increased and 2) it really is much more of a state/local issue than a national one so national politicians tend to talk about it much less

Really high property values make our economy less dynamic and it harmful to younger folks. (If you're an older property owner you're loving it). And this is one of those subjects that transcends partisan lines because clearly homes owners on the right and left like their property values increasing.

 

[Matt Dillon]

I agree with you about the housing. But notice it doesn't get discussed much? I can offer two reasons. 1) on a board like this dominated by Boomers folks really only care that their properties values are maintained/increased and 2) it really is much more of a state/local issue than a national one so national politicians tend to talk about it much less

Really high property values make our economy less dynamic and it harmful to younger folks. (If you're an older property owner you're loving it). And this is one of those subjects that transcends partisan lines because clearly homes owners on the right and left like their property values increasing.

It's disaster if you're younger, and that's not fair to them; Meanwhile, the government is making the Lion's share. Corporations and big banks are mass buying homes up just to rent them out and driving up prices as well, so it's a double

whammy.

They shouldn't be allowed to do that because they have infinitely more capital than families do.

 

[Matt Dillon]

That Musk guy sure seems to be enjoying trolling Twitter up.

 

[cawacko]

It's disaster if you're younger, and that's not fair to them; Meanwhile, the government is making the Lion's share. Corporations and big banks are mass buying homes up just to rent them out and driving up prices as well, so it's a double

whammy.

They shouldn't be allowed to do that because they have infinitely more capital than families do.

That's a small part of the market in reality. The biggest issue is supply is not allowed to keep up with demand. We can't have a growing population and not allow new development but yet that's what we do in many markets.

(And regarding big investors we can thank the Fed for that. They kept rates so low for so long in hopes of creating asset bubbles that of course big investors wanted to take advantage of it.)

 

[Taichiliberal]

Get a grip, folks.

Musk's deal doesn't happen until October...anything can happen until then, like people backing out. So currently, he does NOT have charge of Twitter. Period.

And for the record; it's monopoly money! It's not real! It's Wall St. fabrication and manipulation! And it sure as hell isn't putting money into the pockets of anyone on this thread, much less this site.

 

[Matt Dillon]

Get a grip, folks.

Musk's deal doesn't happen until October...anything can happen until then, like people backing out. So currently, he does NOT have charge of Twitter. Period.

And for the record; it's monopoly money! It's not real! It's Wall St. fabrication and manipulation! And it sure as hell isn't putting money into the pockets of anyone on this thread, much less this site.

Your hurt feels is palpable in that post.

 

[Matt Dillon]

If companies aren't leaving Cali for Texas it's for other states like Arizona. The "real" silicon valley is in Phoenix:

Intel Semiconductor plant Chandler AZ

Taiwan Semiconductor "campus" and mega factory Phoenix AZ.

The only thing left in California's "Silcon Valley" are office trolls doing programming for little more than minimum wage. There is no manufacturing there anymore. California has regulated that out of business entirely.

It's TSMC that makes the good stuff.

 

[T. A. Gardner]

Actually, the first focus is on manufacturing.

Republicans had a chance to bring manufacturing back when they crafted their billionaire tax giveaway.

All they had to do was to eliminate taxes for corporations that do all of their manufacturing here, and raise the taxes on those who didn't.

But they didn't.

The need for a two income household started when our standard of living increased. Two cars in every driveway instead of one. A t.v in every room of the house, instead of one. It was a tradeoff that families were happy to make, to the detriment of the 'latchkey' kids.

Now there are no quality jobs left for those with a high school education, outside of the service industry.

It's never going back.

Biden killed off a coking plant expansion in Pennsylvania almost immediately after taking office.

HARRISBURG, Pa. (AP) — Pittsburgh-based United States Steel Corp. said Friday that it is canceling a $1.5 billion project to bring a state-of-the-art improvement to its Mon Valley Works operations in western Pennsylvania, saying the world has changed in the two years since it announced its intentions.

https://apnews.com/article/pennsylv...and-politics-0e7742f8d7b5fd1f167faeb1a13460f9

It was started under Trump's administration as a way to bring back steel jobs--high school education ones that paid well--to the US. Joke killed this plan because of his greentard shift to the radical Left. It killed off 1000 construction jobs and 3000 full-time steelworker jobs at that facility.

Want to bet come November those people in Pennsylvania who were wanting those jobs, along with their friends and families, are going to vote Republican?

 

[PostmodernProphet]

just remember.....Chuck Norris did not buy Twitter.....Musk did.......

 

[Taichiliberal]

Actually, the first focus is on manufacturing.

Republicans had a chance to bring manufacturing back when they crafted their billionaire tax giveaway.

All they had to do was to eliminate taxes for corporations that do all of their manufacturing here, and raise the taxes on those who didn't.

But they didn't.

The need for a two income household started when our standard of living increased. Two cars in every driveway instead of one. A t.v in every room of the house, instead of one. It was a tradeoff that families were happy to make, to the detriment of the 'latchkey' kids.

Now there are no quality jobs left for those with a high school education, outside of the service industry.

It's never going back.

It can, IF the people stop all this bickering and unite under what is truly important, as you pointed out.

Case in point; in NYC you had public school system falling apart...some buildings needing repair, text books out of date, basic supplies under constantly short, COLA increases for teachers, etc.. The NY Lottery was initially created to financially fund the school system....period. But somehow over the years, that went by the wayside. Instead of just returning to early set up, you have a near abandonment of the public school system in favor of "charter schools". Now the question is, WTF is all that lottery money going?

And when the GOP was in charge, the transaction tax on Wall St. was eliminated. It use to be that NY receive about 4 cents on the dollar for each transaction at the end of the day. High rolling players bitched about that, and now NY gets NOTHING in that respect. Imagine, Wall St. computers close hundreds if not thousands of transactions on a daily basis...totaling in extraordinary millions. With that money, infrastructure repair in NY state shouldn't be the monumental problem that it is.

But given the hard on that the GOP has to privatize the nation, and the wishy-washiness of the DNC, I don't see things changing either.

 

[Althea]

Biden killed off a coking plant expansion in Pennsylvania almost immediately after taking office.


https://apnews.com/article/pennsylv...and-politics-0e7742f8d7b5fd1f167faeb1a13460f9

It was started under Trump's administration as a way to bring back steel jobs--high school education ones that paid well--to the US. Joke killed this plan because of his greentard shift to the radical Left. It killed off 1000 construction jobs and 3000 full-time steelworker jobs at that facility.

Want to bet come November those people in Pennsylvania who were wanting those jobs, along with their friends and families, are going to vote Republican?

LMAO

 

[Althea]

It can, IF the people stop all this bickering and unite under what is truly important, as you pointed out.

Case in point; in NYC you had public school system falling apart...some buildings needing repair, text books out of date, basic supplies under constantly short, COLA increases for teachers, etc.. The NY Lottery was initially created to financially fund the school system....period. But somehow over the years, that went by the wayside. Instead of just returning to early set up, you have a near abandonment of the public school system in favor of "charter schools". Now the question is, WTF is all that lottery money going?

And when the GOP was in charge, the transaction tax on Wall St. was eliminated. It use to be that NY receive about 4 cents on the dollar for each transaction at the end of the day. High rolling players bitched about that, and now NY gets NOTHING in that respect. Imagine, Wall St. computers close hundreds if not thousands of transactions on a daily basis...totaling in extraordinary millions. With that money, infrastructure repair in NY state shouldn't be the monumental problem that it is.

But given the hard on that the GOP has to privatize the nation, and the wishy-washiness of the DNC, I don't see things changing either.

I'm old enough to remember the ads for the NYS lottery, and the promise of school funding. Never happened.

If I'm not mistaken, the per trade fee is still in place, but Wall St. refuses to pay it. They threaten to move out of NY, or even out of the country every time a Fed transaction fee is mentioned.

With high speed trading, there are billions of trades/day.

 

[Lionfish]

 

[Lionfish]

 

[Lionfish]

 

[Lionfish]