@economics-that-works @Npars01
Tracking the connections and interests of plutocratic appointments in Trump2.0 will be a next level sport. Can’t wait for the epic confrontation of competing billionaires interests played out in the cabinet.
I have to wonder how the prospective tariffs are playing with the Waltons.
But there is competition between Bezos and Musk with respect to aerospace subsidies.
(Paywalled)
ft.com/content/298a5fe6-8d4e-4…
Billionaire hedge fund manager lines himself up for Treasury secretary role
Top Trump fundraiser Scott Bessent canvasses for deputiesDemetri Sevastopulo (Financial Times)
This entry was edited (1 week ago)
Ramesh #NotGoingBack
in reply to GhostOnTheHalfShell • • •⬆️ @GhostOnTheHalfShell @economics-that-works @Npars01
>> there has to competition between Bezos and Musk with respect to aerospace subsidies.
#Bezos will eat #Musk alive. The last-moment surprise withholding of #WAPO editorial endorsement for #KamalaHarris was a shrewd move to get a seat at the table.
Musk has no idea he will be swimming with alpha sharks, not all friendly.
GhostOnTheHalfShell
in reply to Ramesh #NotGoingBack • • •@rameshgupta
I will generally agree. Bezos is not an idiot, unlike his competition.
BlueOrigin has been quiet, and I will grant them the benefit of the doubt at least for now.
I also suspect that Elon Musk’s ideas about being able to willy-nilly slash the budget. We’re going to run the ground of the reality that Congress is still in charge of budgeting.
He would need the full cooperation of Congress slashes deeply as he might think is a good idea.
Nicole Parsons
in reply to GhostOnTheHalfShell • • •Musk & Bezos don't want to slash the budget.
npr.org/2024/11/07/nx-s1-51822…
inequality.org/research/jeff-b…
goodjobsfirst.org/amazon-has-s…
They want to convert federal taxation into a system of permanent tax subsidies for themselves, like the fossil fuel has created for themselves.
$757 billion is what the oil industry gets now.
eesi.org/papers/view/fact-shee…
Cryptocurrency billionaires want the same.
washingtonpost.com/business/in…
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Amazon Has Squeezed Over $5.1 Billion from U.S. States and Localities - Good Jobs First
Arlene Martinez (Good Jobs First)Nicole Parsons reshared this.
Nicole Parsons
in reply to Nicole Parsons • • •2/2
Republicans are going to end the US dollar as a global reserve currency by promoting cryptocurrency
cnbc.com/2022/07/18/these-are-…
jasonstanford.substack.com/p/h…
opensecrets.org/news/2024/11/t…
And Big Pharma also has its hand out for corporate welfare.
americanprogress.org/article/b…
To reward their donors, Republicans will balloon the national deficit then end the funding for the ACA, Social Security, USPS, etc
nbcnews.com/health/health-news…
Millions at risk of losing health insurance following Trump's victory
Berkeley Lovelace Jr. (NBC News)Nicole Parsons reshared this.