Im surprised PBS would take the time to make anything seem more exciting than it is, considering their broadcasting is normally about as exciting as watching a wet paper bag flap in the wind. They make CSPAN look lively by comparison
ToastedRavioli
Senator Chris Murphy, the party's top member on the DHS appropriations subcommittee, said that, "Trump's DHS is spending like drunken sailors," adding, "They cannot invent money. They cannot print money. They don't have the money to spend that they're spending," as quoted in the report.
I would question how exactly ICE alone are already $1B over budget if they have no authorization to spend money beyond their budget. Or assumedly not spend $1B beyond the budget… Hows that work?
Also, obligatory “fuck you” to the economic times for trying to not let me copy text
Sounds like it causes tonsillitis. Ive had tonsillitis twice, never had them removed, and it feels like getting stabbed in the throat every single time that you swallow. You dont realize how often you swallow until that happens
A society goes to shit when old men start wars whose conflict they know they shall never fight in
Why would those Dutch people be so antisemitic /s
Theyre selling all kinds of shit that is dangerous to American consumers. And everything that isnt is still junk that ends up in landfills. Its not willy nilly, and I very much want them banned.
They also take money away from American businesses. What exactly is the argument for why they should not be banned? Other than your vaguely libertarian outlook?
All these cheap garbage websites should be banned outright. Why do we need $1 childrens toys and kitchen utensils covered in lead paint? Or $1 fast fashion shit that will come in the wrong size anyways probably, and even if it doesnt, will probably fall apart faster than a piece of tissue paper?
Fuck these garbage websites already
Our entire economic system, and the world along with it, are doomed to fail if we dont move the money that billionaires have been squatting on. All the exploitation and poverty that exists in the world can be tied to billionaires parking money that should be moving through the hands of Americans and out to the rest of the world.
Ive recently started looking into just where our money went. Although we all know the answer inherently, I suppose moreso I have been trying to more acutely visualize how it has been taken away.
The median income today is roughly equivalent to the median income of 1958, so if you are just looking at raw inflation you might think people are paid on par with the value of money in 1958. The reality is that inflation does a piss poor job of showing you the whole story.
In 1958 the median household could afford everything that was needed for a family of four and then some. The 2% richest income bracket in 1958 made only $15k or more, equating to an income of around $170k today. There was only 1 billionaire at the time, J Paul Getty, who was the richest man in the world and worth the equivalent of $12B today.
Flash forward to today, the median is at a nearly inflationary equivalent point, but appx. $75k a year is hardly enough for 1 individual to live comfortably, let alone an entire family of four. This means that 50% of all households are well below what it costs for one person to have healthy finances in 2025. It also means that the richest 2% of households in 1958 would hardly be able to afford a comfortable cost of living of a family of four in 2025 (about 170k at its cheapest).
If that isnt a ridiculous enough statistic to show you how viciously American wages have stagnated in favor of making the rich even richer, then consider this: In 1958 child laborers were paid $1 per hour, the minimum wage at the time. Assuming that child worked 40 hours in a week, they would have made a little over $2k in the year. Relative to the GDP of the united states at the time (about $480B) that would equate to making over $1M per year today. Therefore, everyone currently making less than $1M per year (pretty much everybody) has less buying power than the average 10 year old child laborer in 1958.
With this in mind, its easier to see how inflation doesnt tell the whole story. That $1 minimum wage might equate to $12 today, which is higher than the federal minimum wage, and the state minimum in about 25 states. But even if the minimum wage were brought on par with that base metric (which again was considered the appropriate wage for literal children), a person making $12 would have absolutely no buying power relative to a minimum wage earner back then.
To put it further in perspective, a household earning the median income of $5k back in the day would be the GDP-relative equivalent of making over $40M per year in 2025, even though it would be the inflationary equivalent of earning less than $75k a year.
Now, Im not an economist whatsoever. Im just a guy. And im sure there are some methodological issues with looking at wage strength relative to GDP for serious purposes. But I think doing so makes it pretty clear that we have hardly a fraction of the buying power of the average American back then. Where did all that money go? Into the bank accounts of billionaires.
Going back to Getty, the first billionaire, would have had the equivalent of an unfathomable $12B today. Elon Musk has $433B just himself. He is 36x richer than how rich Getty ever was. He is not alone up there either. In total, the US today has 812 more billionaires than we had in 1958. If we capped all wealth at $12B, or the equivalent of Getty’s wealth back then, then every billionaire in the US would still have $1B-$12B, and we could immediately move the excess $5T that they have collectively been sitting on. US worker wages could be raised to a point which meets actual cost of living. Wages around the world could finally rise in step, ending crushing poverty that plagues the globe.
Even if we pegged modern billionaires to the same level of wealth relative to GDP as Getty, who was 1/481B, then no one would be allowed to be worth over $62B today.
The wool has collectively been pulled over our eyes for nearly 100 years. We have been pushed to accept the bare minimum that they could get away with, while they stuff their pockets for no functional reason. A game of numbers that creates limitless suffering around the world for the benefit of no one. All so they can feel good looking at their estimated worth in Forbes magazine. We dont deserve this, the people of the world dont deserve this. And the whole world is gonna go tits up if we dont fix it. The existence of the 0.01% comes at the cost of the rest of humanity. The next time you cant afford child care, healthcare, or even your groceries, remember where your money is. Its in their accounts