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Cake day: June 15th, 2023

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  • The people seeing the biggest dollar increases will be those above 400% of poverty level - $62,600 for singles, $128,600 family of 4 - because the “Big Beautiful Bill” brings back the cap on ACA subsidies. In my area, the benchmark ‘SLCSP’ is $1150/month (single). 2025, someone making $70k would have paid $560 for that, after tax credits; 2026, they’re on the hook for the whole bill. Family of 4 making $130k is going to pay $3045/month in 2026; would have paid $1030 in 2025.

    There’s big percentage changes up and down the scale, but bringing back “the cliff” essentially targets self-employed people who are finally getting ahead.



  • I have to believe the best times are ahead. I look back at any point in US history and there was more hatred for different people, more formal oppression of those people, more imperialist aggression. Maybe, there were times when certain segments of the white male population could get material goods more easily, but that was often at the cost of just just accepting poverty for everyone else. Not to mention literal famine and plagues.

    There’s a whole world of people out there making shit better all the time. Curing incurable diseases, building alternatives to fossil fuels, converting crowded streets to greenways. There’s a lot of political pressure trying to preserve the bad old ways, even trying to bring back long-forgotten plagues, but we are still finding better ways to do things despite those malicious fucks.


  • In contrast to the housing bubble, where a lot of the value was in overpriced houses sold to individuals, this overpricing is almost entirely in tech stocks, and tech stocks are almost entirely owned by by the wealthiest 10%, even 1%. The tech billionaires have limited ability to divest themselves of their own overpriced companies and absolutely will lose money.

    None of them are going bankrupt, they’ll all be just fine when the market recovers in a few years, because that’s the nature of capitalism. A bunch of peons, who convinced themselves that the bubble-value of their 401k meant it was safe to retire, will suffer, will have to go back to work - if you’re not an oligarch, losing money is painful.