Jaime Griesemer retweeted
There's been a lot of talk about the National Popular Vote Interstate Compact (NPVIC), which is a compact among states to obsolete the electoral college without a constitutional amendment. It works like this: states who join the compact would agree to award their electors not on the basis of for whom the states' citizens voted, but rather for whomever won the total popular vote nationwide.
Three Constitutional problems: implied powers that says the electors must vote the way their voters voted. To date, most states use a winner-take-all view of the election, in that whomever wins their vote gets all their electors. Maine and Nebraska split their electors, but still along the lines of how their citizens voted.
If this compact were to be adopted, it could mean that a state could vote its electors completely opposite as to how its population voted. I doubt that would fly.
The second issue is again, implied. That is that the intent of the founders was to establish a republic and not a democracy. They specifically argued against adopting a democracy, and instead gave us a republic.
The compact undermines that and turns the US, at least as far as presidential elections go, into a democracy, without a constitutional amendment. I doubt that would get through the courts if a lawsuit against it was initiated.
The third is more mundane, but still germane constitutionally, and that's the Interstate Commerce Clause, Article 1 Section 8 Clause 3. The ICC limits what compacts states can agree to do together, giving the federal government the power to both regulate interstate commerce and limit the power of states to enter into international contracts. Since the NPVIC affects the federal government directly, it almost certainly exceeds the power granted to states by the Constitution.
So unless there is a constitutional amendment turning us from a republic to a democracy, I doubt if the NPVIC will amount to anything rather than more virtue signalling from the left.
Three Constitutional problems: implied powers that says the electors must vote the way their voters voted. To date, most states use a winner-take-all view of the election, in that whomever wins their vote gets all their electors. Maine and Nebraska split their electors, but still along the lines of how their citizens voted.
If this compact were to be adopted, it could mean that a state could vote its electors completely opposite as to how its population voted. I doubt that would fly.
The second issue is again, implied. That is that the intent of the founders was to establish a republic and not a democracy. They specifically argued against adopting a democracy, and instead gave us a republic.
The compact undermines that and turns the US, at least as far as presidential elections go, into a democracy, without a constitutional amendment. I doubt that would get through the courts if a lawsuit against it was initiated.
The third is more mundane, but still germane constitutionally, and that's the Interstate Commerce Clause, Article 1 Section 8 Clause 3. The ICC limits what compacts states can agree to do together, giving the federal government the power to both regulate interstate commerce and limit the power of states to enter into international contracts. Since the NPVIC affects the federal government directly, it almost certainly exceeds the power granted to states by the Constitution.
So unless there is a constitutional amendment turning us from a republic to a democracy, I doubt if the NPVIC will amount to anything rather than more virtue signalling from the left.
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"Unfortunately, now that people have completely lost access to credit, we will have to provide a government subsidized credit card to all our voters."
- Senate Democrats in 2027
- Senate Democrats in 2027
Let’s cap credit card rates at 10%. Take action on affordable housing. Protect rural hospitals. End price gouging.
Democrats have the bills ready.
@SenWarren says now it’s up to Trump to work with us and get things done.
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This guy is a dumb idea volcano.
As the next chair of the Social Security Subcommittee, a top priority will be to expand Social Security benefits by at least $2,400 a year & extend Social Security’s solvency for generations.
How? By scrapping the cap & demanding that the wealthy pay their fair share of taxes.
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Jaime Griesemer retweeted
Washington just dropped to 47th out of 50 states in tax competitiveness. Only New York, California and New Jersey are worse. Thirteen years ago, Washington ranked 6th. And the ranking doesn't even count the 9.9% "millionaire's tax" yet.
seattlered.com/taxes/wa-dropp…
seattlered.com/taxes/wa-dropp…
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Jaime Griesemer retweeted
Bet this guy pooping in his car made Musk feel pretty stupid
Scott Galloway says he owned a Tesla, but sold it because of Elon.
"Not before taking a giant dump in the passenger seat. True story."
He's gone from suggesting Elon be executed to telling stories of taking dumps in a car he owned because it was made by Elon's company.
This is utterly toxic individual.
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Jaime Griesemer retweeted
Does anyone else find this hugely amusing? Nationalising SpaceX would mean @elonmusk has an actual pile of a trillion $ not just share certificates worth that much on some days. Has @NaomiAKlein bothered to think this through?
Good news for when you are nationalized.
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Jaime Griesemer retweeted
I’ve always considered Galloway the quintessential midwit, but there’s nothing average about taking a dump in your own car as an outlet to privately express contempt towards the company’s CEO. That is true outlier behavior. I congratulate him for acting out-of-distribution.
Scott Galloway says he owned a Tesla, but sold it because of Elon.
"Not before taking a giant dump in the passenger seat. True story."
He's gone from suggesting Elon be executed to telling stories of taking dumps in a car he owned because it was made by Elon's company.
This is utterly toxic individual.
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Jaime Griesemer retweeted
When I’m wrong, I’m wrong. I thought when unemployment was low, GDP was hi, household income rose, it meant everyone was winning.
Not true.
The American economy has decoupled the economic progress of asset owners from wage earners to such a degree that broad based measures of success are no longer reliable measures of progress.
This single issue of asset ownership vs progress of wage earners will be the defining issue in all future elections.
Other issues will get caught in the interpretation (price of eggs, Iran war, price of gas etc) but the candidate that realizes that those are downstream of asset vs wage earners and gets their messaging focused on it will win.
No amount of money spent in an election or gerrymandering will change this outcome.
That is what I learned on Nov3.
Not true.
The American economy has decoupled the economic progress of asset owners from wage earners to such a degree that broad based measures of success are no longer reliable measures of progress.
This single issue of asset ownership vs progress of wage earners will be the defining issue in all future elections.
Other issues will get caught in the interpretation (price of eggs, Iran war, price of gas etc) but the candidate that realizes that those are downstream of asset vs wage earners and gets their messaging focused on it will win.
No amount of money spent in an election or gerrymandering will change this outcome.
That is what I learned on Nov3.
Chamath Says He Now Realizes the ‘Economic Reality in America is Broken’
“This was a complete and total repudiation about the state of the economy. The economy is broken.”
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Jaime Griesemer retweeted
5-10 years from now there will be a “predatory lending” scandal when there is mass default.
BREAKING: California voters just passed Prop 37. Buyers of newly built homes can now put down 3% instead of 20%.
How: the state lends you the other 17% as a second mortgage, funded by up to $25 billion in bonds.
On an $800,000 home that's $24,000 down instead of $160,000.
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Jaime Griesemer retweeted
>surgeon
>700k
>in his bank account
These people don’t understand anything about the world and they’re proud of their misunderstanding.
>700k
>in his bank account
These people don’t understand anything about the world and they’re proud of their misunderstanding.
When I say "eat the rich," I don't mean the surgeon with 700K in his bank account who
had sleepless nights and worked hard for it.
I mean the billionaires who earn 10K a minute even while they're asleep.
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Ideas that sound good but have repeatedly backfired:
- Rent control (reduces supply and raises rents)
- Price controls (leads to rationing)
- Home loan subsidies (increases defaults and causes market crashes)
- Extremely progressive tax brackets (high earners have much higher income variance, sometimes going negative, so a bad year leads to massive budget shortfalls and debt)
- High capital gains taxes (too many investments fall below the zero-risk return rate, stalling the economy)
- Increasing the money supply (compounding inflation decreases purchasing power)
Indisputable economic and historical evidence shows these policies do not work. Yet politicians who know this keep promising them, and voters keep falling for it. I can’t blame educators or the media, as even they tell voters these policies do not work.
What’s the solution? I don’t believe in making people pass an Econ test to vote, but how many times do we let them drive into a wall?
- Rent control (reduces supply and raises rents)
- Price controls (leads to rationing)
- Home loan subsidies (increases defaults and causes market crashes)
- Extremely progressive tax brackets (high earners have much higher income variance, sometimes going negative, so a bad year leads to massive budget shortfalls and debt)
- High capital gains taxes (too many investments fall below the zero-risk return rate, stalling the economy)
- Increasing the money supply (compounding inflation decreases purchasing power)
Indisputable economic and historical evidence shows these policies do not work. Yet politicians who know this keep promising them, and voters keep falling for it. I can’t blame educators or the media, as even they tell voters these policies do not work.
What’s the solution? I don’t believe in making people pass an Econ test to vote, but how many times do we let them drive into a wall?
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By the way, some policies that sometimes work:
- Minimum Wage (employers often ignore market forces and just pay the minimum, so once implemented it must keep rising)
- Consumption (Sin) Taxes (tax smoking or obesity to reduce them)
- Single-Payer Healthcare (quality falls, but baseline costs drop; depends on preferred trade-offs)
- Estate Taxes (need to protect farms and family businesses, but can increase circulation)
- Minimum Wage (employers often ignore market forces and just pay the minimum, so once implemented it must keep rising)
- Consumption (Sin) Taxes (tax smoking or obesity to reduce them)
- Single-Payer Healthcare (quality falls, but baseline costs drop; depends on preferred trade-offs)
- Estate Taxes (need to protect farms and family businesses, but can increase circulation)
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Jaime Griesemer retweeted
A drunk young woman under the influence of alcohol tried to fight with random men, but one of the dude handles her in a completely new way
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“Sorry Pennsylvanians, we know you voted for Rubio, but the 98% margins in California require us to give your electoral votes to AOC.”
- Election officials in the last American election before Civil War II
- Election officials in the last American election before Civil War II
Per Axios: With Democrats winning trifectas in Pennsylvania, Michigan, Arizona, Wisconsin, and Nevada, the National Popular Vote Interstate Compact now has 283 potential electoral votes, putting it above the 270 needed to take effect.
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The dumbest part of this whole argument is that in the current landscape, the NPVC is much more likely to backfire than to help Democrats.
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Jaime Griesemer retweeted
OH. MY. GOD. 🤯 New Mexico State just put a layup into THEIR OWN BASKET in the final 20 seconds trailing by 1 Point.
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Jaime Griesemer retweeted
BREAKING: Global crude oil in transit is up to 1.28 billion barrels, an all-time high.
This figure has surged +180 million barrels over the last several weeks.
This comes as Middle Eastern oil flows recover through the Strait of Hormuz and alternative routes, while more crude er.
Ship-to-ship transfers are keeping oil aboard tankers for longer, while extended shipping routes are increasing transit times.
Meanwhile, global oil importers diversifying away from the Middle East are lengthening voyages, leaving more crude tied up aboard tankers.
As a result, more oil remains in transit rather than being readily available to refiners, tightening near-term supply despite recovering export flows.
Oil is flowing, but timely delivery is becoming the bottleneck.
This figure has surged +180 million barrels over the last several weeks.
This comes as Middle Eastern oil flows recover through the Strait of Hormuz and alternative routes, while more crude er.
Ship-to-ship transfers are keeping oil aboard tankers for longer, while extended shipping routes are increasing transit times.
Meanwhile, global oil importers diversifying away from the Middle East are lengthening voyages, leaving more crude tied up aboard tankers.
As a result, more oil remains in transit rather than being readily available to refiners, tightening near-term supply despite recovering export flows.
Oil is flowing, but timely delivery is becoming the bottleneck.
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Jaime Griesemer retweeted
I’ve seen a lot of comments and quote tweets on this post, and it’s remarkable how many people have no understanding of how taxes work.
Our tax brackets are MARGINAL.
That means each bracket only applies to the dollars that fall inside it. Moving into a higher bracket doesn’t raise the tax on all your income. It only changes the rate on the dollars above the line.
Think of it as buckets.
Your income fills the 10% bucket first. Then the 12% bucket. Then the 22% bucket.
Each bucket keeps its own rate.
Here’s the math for a single filer earning $76,600 in 2027:
Subtract the $16,600 standard deduction → $60,000 taxable
- First $12,800 at 10% = $1,280
- Next $39,225 at 12% = $4,707
- Last $7,975 at 22% = $1,754.50
Total federal income tax: $7,741.50
That’s 10.1% of what they earned.
“In the 22% bracket.” Paying about 10%.
Now give that person a $5,000 raise.
Every new dollar lands in the 22% bucket.
→ $1,100 in additional federal income tax
→ They keep $3,900 (before payroll and state taxes)
Moving into a higher bracket can’t cost you more than the raise. It only taxes the new dollars at the new rate.
The two numbers you need to know:
Marginal rate = what your next dollar costs you. Use it for decisions like 401(k) vs. Roth or Roth conversions.
Effective rate = what you pay overall. Use it for perspective.
Our tax brackets are MARGINAL.
That means each bracket only applies to the dollars that fall inside it. Moving into a higher bracket doesn’t raise the tax on all your income. It only changes the rate on the dollars above the line.
Think of it as buckets.
Your income fills the 10% bucket first. Then the 12% bucket. Then the 22% bucket.
Each bucket keeps its own rate.
Here’s the math for a single filer earning $76,600 in 2027:
Subtract the $16,600 standard deduction → $60,000 taxable
- First $12,800 at 10% = $1,280
- Next $39,225 at 12% = $4,707
- Last $7,975 at 22% = $1,754.50
Total federal income tax: $7,741.50
That’s 10.1% of what they earned.
“In the 22% bracket.” Paying about 10%.
Now give that person a $5,000 raise.
Every new dollar lands in the 22% bucket.
→ $1,100 in additional federal income tax
→ They keep $3,900 (before payroll and state taxes)
Moving into a higher bracket can’t cost you more than the raise. It only taxes the new dollars at the new rate.
The two numbers you need to know:
Marginal rate = what your next dollar costs you. Use it for decisions like 401(k) vs. Roth or Roth conversions.
Effective rate = what you pay overall. Use it for perspective.
THE IRS JUST RELEASED THE NEW 2027 🇺🇸 TAX BRACKETS. HERE'S HOW THEY WORK IN PLAIN ENGLISH
Every bracket got a little bigger to keep up with inflation, so you can earn a bit more before moving into a higher rate.
Step 1: Take what you earn and subtract the standard deduction. t all.
- Single: $16,600
- Married: $33,200
Step 2: Whatever's left gets taxed in layers.
Single filers:
- 10% on your first $12,800
- 12% on income up to $52,025
- 22% up to $109,125
- 24% up to $208,325
- 32% up to $264,550
- 35% up to $661,375
- 37% on anything above that
Married couples: the cutoffs are roughly double ($25,600, $104,050, $218,250, $416,650, $529,100, $793,650).
Example: You're single and earn $76,600. Subtract $16,600 and you're taxed on $60,000.
- 10% on the first $12,800 = $1,280
- 12% on the next $39,225 = $4,707
- 22% on the last $7,975 = $1,755
Total: about $7,742 in federal income tax, or roughly 10% of what you earned.
Even though you're "in" the 22% bracket, only your last $7,975 gets taxed at 22%.
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Jaime Griesemer retweeted
All this has done is infuriate me because of the countless amount of people complaining about it when their complaints are unwarranted. They’re complaining because they have no idea how federal income taxes work and yet they still have a vote to help decide how my taxes get used.
The 🇺🇸 IRS just released the new tax brackets for 2027
Single filers (2026 in parentheses):
10%: $12,800 or less ($12,400)
12%: over $12,800 ($12,400)
22%: over $52,025 ($50,400)
24%: over $109,125 ($105,700)
32%: over $208,325 ($201,775)
35%: over $264,550 ($256,225)
37%: over rried filing jointly (2026 in parentheses):
10%: $25,600 or less ($24,800)
12%: over $25,600 ($24,800)
22%: over $104,050 ($100,800)
24%: over $218,250 ($211,400)
32%: over $416,650 ($403,550)
35%: over $529,100 ($512,450)
37%: over $793,650 ($768,700)
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Jaime Griesemer retweeted
Lame Duck Trump Figures He May As Well Start Speaking His Mind buff.ly/wesmnOG
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