Over the last half-century, finance industry goblins run amok have wrecked the American middle class, which, at this rate, won’t exist at all in twenty years.
This isn't competition. This is systematic displacement, dressed up in the language of diversity and global talent acquisition. And it's destroying the future we promised our own students.
Why? Because when you flood the labor market with foreign workers approved by the government for lower wages and worse working conditions, you don't get innovation—you get wage suppression. Every H-1B visa holder working for less than market value drives down compensation for everyone else. It's basic economics, and it's working exactly as Silicon Valley intended.
In retaliation for tariffs imposed by the Trump administration, Ottawa slapped a 25% surtax on all cars imported from the United States starting on April 9, 2025. Faced with this new cost, Tesla had no choice but to raise the price of a Canadian Model Y to nearly CAD $84,990 (USD $61,500).
The result was catastrophic. According to reports from Electrek, the massive price hike caused demand to completely evaporate, with Tesla’s sales in Canada grinding to a virtual halt in recent months.
Speaking of encouraging strange things on campus, when I attended college we had a huge concert sponsored by the makers of Skoal. Totally free to students, and while the alcohol flowed endlessly attractive young ladies handed out Skoal and Copenhagen tobacco without limit. I guess I'm grateful the weren't handing out bags of cocaine!
Some lenders use a 30% interest rate as an excuse to cover losses from defaults. If the interest rate was capped to double 10-year US Treasury rate, how fewer defaults would there be?
2008 was just getting wormed up, 2020 was for all the marbles, the only hitch was Canada, 3 weeks in, the deadliest pandemic in human history, poof without a whimper, non-compliance is pure Kryptonite
another example of (elon-approved) destruction of the middle class: Data on How America Sold Out its Computer Science Graduates
https://ifspp.substack.com/p/data-on-how-america-sold-out-its
This isn't competition. This is systematic displacement, dressed up in the language of diversity and global talent acquisition. And it's destroying the future we promised our own students.
Why? Because when you flood the labor market with foreign workers approved by the government for lower wages and worse working conditions, you don't get innovation—you get wage suppression. Every H-1B visa holder working for less than market value drives down compensation for everyone else. It's basic economics, and it's working exactly as Silicon Valley intended.
The Rubber Barons are back but this time it's in the name of diversity
i'd say elon is not a big fan of rubber, given the number of his offspring.
was the america party a real thing? or did he just need some headlines to distract from tesla's global sales collapse?
https://gizmodo.com/tesla-makes-a-desperate-move-in-canada-as-sales-collapse-2000628708
In retaliation for tariffs imposed by the Trump administration, Ottawa slapped a 25% surtax on all cars imported from the United States starting on April 9, 2025. Faced with this new cost, Tesla had no choice but to raise the price of a Canadian Model Y to nearly CAD $84,990 (USD $61,500).
The result was catastrophic. According to reports from Electrek, the massive price hike caused demand to completely evaporate, with Tesla’s sales in Canada grinding to a virtual halt in recent months.
It ain't the houses people can't afford. It's the land. And the monopolization of it.
https://gameofrent.com/
He's right about usury. The Bible has things to say about both.
You want to raise kids who can afford houses? Train them to avoid debt.
Speaking of encouraging strange things on campus, when I attended college we had a huge concert sponsored by the makers of Skoal. Totally free to students, and while the alcohol flowed endlessly attractive young ladies handed out Skoal and Copenhagen tobacco without limit. I guess I'm grateful the weren't handing out bags of cocaine!
Some lenders use a 30% interest rate as an excuse to cover losses from defaults. If the interest rate was capped to double 10-year US Treasury rate, how fewer defaults would there be?
The pursuit of happiness, though a constitutional right, has become an illusion and there will be hell to pay...
2008 was just getting wormed up, 2020 was for all the marbles, the only hitch was Canada, 3 weeks in, the deadliest pandemic in human history, poof without a whimper, non-compliance is pure Kryptonite