From Tangle newsletter on Trump's address to Congress.: > Trump is still repeating a lot of nonsense about Social Security payments to 150-year-old Americans. To recap: We know the Social Security Administration (SSA) issues erroneous payments. Last year the SSA inspector general found $71.8 billion in improper payments from 2015 to 2022 (about 0.84% of the $8.6 trillion in payments over that time). Another inspector general report from 2021 found that the SSA made $298 million in payments to 24,000 dead beneficiaries. But Musk has made much more sweeping claims on X and is pretending DOGE uncovered this. A lot of people explained to Musk that he was misunderstanding the data he was looking at, but he has not corrected the record. Now the president is running with it, even after his own appointed Social Security administrator said “recent reporting” (from Musk and Trump) was misinforming people about fraudulent payments.
Bill Ackman on X: "@SteveRattner I was one of the first and certainly one of the loudest to raise concerns about the tariffs. I also believe in giving credit when credit is due. The outcome of the @realDonaldTrump strategy was highly favorable. I focus on the outcome, not on how the sausage is made. China is" / X
@SteveRattner I was one of the first and certainly one of the loudest to raise concerns about the tariffs. I also believe in giving credit when credit is due. The outcome of the @realDonaldTrump strategy was highly favorable. I focus on the outcome, not on how the sausage is made.
China is
James E. Thorne on X: "Hat tip to President Trump and team. President Trump’s recent announcement of a 90-day pause on tariffs for over 75 countries, excluding China, reflects his negotiation strategy, often described as “The Art of the Deal.” By lowering tariffs to 10% for most nations, Trump has" / X
Hat tip to President Trump and team.
President Trump’s recent announcement of a 90-day pause on tariffs for over 75 countries, excluding China, reflects his negotiation strategy, often described as “The Art of the Deal.” By lowering tariffs to 10% for most nations, Trump has
Henry Kissinger often highlighted the strategic differences between Chinese and Western approaches, emphasizing China’s reliance on long-term, indirect strategies inspired by their cultural and historical traditions. He famously compared Chinese strategy to weiqi (go), a game focused on strategic encirclement and gradual accumulation of advantage, contrasting it with chess, which prioritizes decisive victories and direct confrontations.
Isaac Saul on X: "It's remarkable the degree to which there really does not seem to be a plan. Trump "wants to negotiate better trade deals" but "this is not a negotiation." Trump "wants to force zero tariffs and free trade" but this is "really about raising more tariff revenue." Trump "wants" / X
It's remarkable the degree to which there really does not seem to be a plan.
Trump "wants to negotiate better trade deals" but "this is not a negotiation."
Trump "wants to force zero tariffs and free trade" but this is "really about raising more tariff revenue."
Trump "wants
Unlucky-Prize's comment on "Can someone please tell me why these tariffs are unfair? (Tariff chart attached)."
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Bessent: "Can you guarantee there's not gonna be a recession? I can't guarantee anything. I can't guarantee that the journalist who asked me the question that her news program is gonna be on in a year." pic.twitter.com/MLcMCBSwXo— Aaron Rupar (@atrupar) March 18, 2025
tom bombadil on X: "i feel like it would be good for society if there was a default job you could go get if you don't know what else to do. idk what it should be, but some people just need direction they struggle to supply on their own" / X
House Budget Allows At Least $2.8 Trillion of Deficit Increases-2025-02-21
Trump claimed we’re going to balance the budget, but he just pushed the House to pass a bill that will add literal trillions to the debt and deficit.
Isaac Saul on X: "One thing a lot of people aren’t ready for is that if this recession comes, a lot of people in the Trump camp are going to celebrate it. Job losses and the stock market, GDP, 401ks etc falling will be celebrated as a way to wash out inflation and cheap labor. Gonna be wild." / X
documentation of people in the Trump crowd framing recession as a good thing
Jeff Stein on X: "Elon Musk's pick to run the Social Security Administration, now taking over the agency, is out with a statement today in which he acknowledges that people in the Social Security database who are over 100 years old are "not necessarily receiving benefits" Trump had said "millions https://t.co/NFya0iRi3h" / X
Besides Donald Trump, Elon Musk and his fellow DOGE head Vivek Ramaswamy, at least 11 billionaires will be serving key roles in the administration.
Whether it acts as a government for billionaires could test and potentially tarnish his populist legacy.
— Axios (@axios)
Venture-backed startups are failing at record rates | Hacker News
Biden's economic theory was that you can rapidly increase the wages of the poorest workers and the ensuing inflation could be mitigated with a soft landing. This proved correct, and voters hated it so much that no one will ever try it again.
— Shadow Of The Nerdtree (@agraybee)
It’s crazy how no one knows this, but the tax law currently in place is because of Trump and it completely fucked over the middle class. Doing any sliver of research would do this country wonders.
— Kellen (@Krush59)
THE FORMS OF SOCIAL PLATFORMS
my current framework for understanding/categorizing social platforms (both web2 and web3)
— katie (@katiewav)
Josh Ellis on X: "Not everything good can make money. Very few good things, in fact, can show an infinitely increasing profit every quarter or year. In order to do that, you either make shitty products or you do shitty things to make em cheaper and sell em higher. And some things should be free." / X
— Josh Ellis (@jzellis)
Judd Legum on X
1. On Sept 26, Target announced it was closing nine stores "because theft and organized retail crime are…contributing to unsustainable business performance."
The release generated a flood of credulous media coverage
But now, @Target's the story is falling apart
🧵
kepano on X
I'm not totally against UBI conceptually, it's just that the mechanism to deliver it would most likely be a CBDC.
Those in favor of UBI should specifically advocate for negative tax rates for low income people, delivered via tax refund.
I still think the priority should be…
Simon Rosenberg on Twitter
GOP election pitch:- yes we tried to overthrow US Gov’t, but we *failed*- our last 3 POTUS brought recessions and higher deficits- we want the planet to warm faster, more kids to die in schools, tens of millions to lose health insurance - Slavery was good, child labor too 1/— Simon Rosenberg (@SimonWDC) August 2, 2023
Allison Barr Allen on Twitter
⛔️ The late stage VC market is flashing BIG warning signs: Founders might not pay as much attention to the size of VC funds, however in the last day alone it was shared that Insight has raised $2B of its $20B target & TCV has raised $1.4B of $4B goal.— Allison Barr Allen (@abarrallen) June 13, 2023
yammi on Twitter
wow so gorgeous pic.twitter.com/K8eZgU4xPo— yammi (@sighyam) June 2, 2023
Lakyn Thee Stylist on Twitter
“Average rent in the US is currently about $1,700. For you to be "financially stable" aka not at heightened risk of homelessness, it's advised you make 3x your rent. That's $61,200/yr. That's the minimum we should ALL be making to be STABLE. So, no, 75k is not outrageous wealth.”
Holly on Twitter
#BlackRock is the sign of a sick economy. “[T]he world’s largest asset management company is revolutionizing finance by investing in capitalism itself.” https://t.co/hf3bEEpw7aHow are they doing this & why is it a problem? Let’s look at the airline industry as an example— Holly (@HollyBlomberg) December 4, 2020
Eric Reinhart on Twitter
There are ongoing debates about the merits––or lack thereof––of antidepressants. The question shouldn't be just whether they "work" or not but rather when, for whom, in what context, and what––when they fail––is needed instead?A thread about antidepressants and politics: 1/— Eric Reinhart (@_Eric_Reinhart) November 24, 2022
Rui Ma 马睿 on Twitter
“Return To Dust is an award winning movie about the very poor in rural China. Lots of Chinese citizens thought it was over dramatized just to win foreign awards & make China look bad. State media had to step in & say, no, ppl do live like this, it’s you guys who are out of touch.”