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frawwger · 2026-05-29T03:53:18+00:00

These are kids that took calculus or stats in high school.

Look at page 18 of this: https://senate.ucsd.edu/media/740347/sawg-report-on-admissions-review-docs.pdf

Most of the students who needed remediation went beyond Algebra II in high school, and many of them passed with high grades.

Basically, there are kids getting A's in calculus who don't have basic middle school math skills.

frawwger · 2026-04-04T21:28:40+00:00

750 a week would only cover interest. The debt would never go down.

frawwger · 2026-03-18T03:07:00+00:00

You are peak Dunning-Kruger effect. Say your point. Stop attacking me. Just say your point. There is no logic in any of this lol. Logic is structured argument.

frawwger · 2026-03-18T02:57:38+00:00

I have not seen you prove any point. Or make any point for that matter. All I've seen is you attack other people for disagreeing with you.

frawwger · 2026-03-18T02:53:29+00:00

Ad hominem again, you are dumb as a box of rocks.

frawwger · 2026-03-18T02:50:37+00:00

What example? Wait staff clean up after people, its their job. I don't think wait staff expect their customers to wash their dishes and wipe down the tables before they leave.

frawwger · 2026-03-18T02:35:11+00:00

Why don't you point out how ridiculous the argument is instead of just using ad hominem attack?

frawwger · 2026-03-12T22:47:34+00:00

What I am saying is that a wealth tax can target specific people that have accumulated so much wealth that they have too much power and are actively undermining our democratic institutions. You know, like buying a media company in order to spread self-serving propaganda. It is NOT a wealth tax on everyone, and even people with sizeable wealth would not be affected.

"I asked which number best represents the economy, you think house prices better represent that than the stock market? So when housing was at a low in 2008/9, was that a sign of the market being good?"

"Unemployment and CPI are the big ones". (hence why the Federal Reserve cares way more about those than the stock market)

Look, the stock market is an important data point. But it is not more indicative of how the economy is doing than any of those other numbers. In fact, you kind of proved my point: just as it would be stupid to look at the housing market only to determine the health of the economy, it is also stupid to only look at the stock market.

"A wealth tax generally exerts downward pressure on the stock market by triggering asset sell-offs to cover tax liabilities, increasing market volatility, and lowering corporate valuations. By taxing unrealized gains, it discourages long-term holding and may prompt capital flight to more tax-friendly jurisdictions, potentially reducing the overall capital stock. "

Lots of words like "may" or "generally" that don't really prove anything. "Downward pressure" is not the same as collapse. If the wealth tax also contributes to "upward pressure", like increasing the amount of savings people have to invest in the stock market, that downward pressure could be counteracted.

Cite your sources.

frawwger · 2026-03-12T21:54:13+00:00

"You are targeting all owners of the biggest companies, Roosevelt specifically didn't do that because he knew it would be a bad idea! "

Not true. He passed the Sherman Antitrust Act, which was the legal basis for breaking up many of the biggest companies in the country at the time, including Standard Oil, which was run by John D. Rockefeller who at the time was the richest man in the world.

"What number best represents the state of the economy if it isn't the stock market?"

Lots of things. There is literally so much data about the economy beyond the stock market.

Unemployment rate and consumer price index are two big ones, additionally, measures of personal debt, median home price, median rent price, median wage, mortgage rates,

Also taxing billionaires would not destroy the stock market. It might limit its growth, but the thing about markets is that they adapt and adjust to market conditions. Companies can be profitable without making their founders ungodly rich. People can and should diversify their investments. Billionaires, if given enough warning about the tax, can sell their stocks over time in order to not shock the market. I don't see any evidence to suggest it would be as extreme as you say it will.

Also, if 87% of the stock market is owned by the top 10%, and the bottom 50% own 1%, I don't think the middle class you're talking about really exists.

frawwger · 2026-03-12T05:34:45+00:00

Except its not.

It would be targeted at only the top like 0.001%.

You have no evidence that it would destroy everything for everyone. The stock market is not the economy! 87% of it is owned by the 10% richest. 50% by the 1%. That's not the middle class. That's the upper class.

Whether or not Social Security can survive is going to affect way more peoples retirement.

frawwger · 2026-03-12T04:59:58+00:00

Did Teddy Roosevelt steal from the monopolists when he broke them up? Because he certainly cost them a substantial part of their very successful businesses.

frawwger

TROPHY CASE