Justin Wolfers

The gains to the top 0.1% of the income distribution, the 1 in 1,000 Americans, their gains in total add up to slightly more than the gains to the poorest 50% of Americans. Maybe you're okay with that, but I'm not. And I do think we are going to be just absolutely baffled with bullshit. These debates are complicated and there's so many acronyms, SALT and deduction this and carried interest that.

The gains to the top 0.1% of the income distribution, the 1 in 1,000 Americans, their gains in total add up to slightly more than the gains to the poorest 50% of Americans. Maybe you're okay with that, but I'm not. And I do think we are going to be just absolutely baffled with bullshit. These debates are complicated and there's so many acronyms, SALT and deduction this and carried interest that.

The gains to the top 0.1% of the income distribution, the 1 in 1,000 Americans, their gains in total add up to slightly more than the gains to the poorest 50% of Americans. Maybe you're okay with that, but I'm not. And I do think we are going to be just absolutely baffled with bullshit. These debates are complicated and there's so many acronyms, SALT and deduction this and carried interest that.

They're inaccessible, but they come down to two things. Should we be spending more money than we're taking in right now? And do we want to take from the poor and give to the rich? That's it. And if someone's not speaking in that language, it's probably because they don't want you to understand.

They're inaccessible, but they come down to two things. Should we be spending more money than we're taking in right now? And do we want to take from the poor and give to the rich? That's it. And if someone's not speaking in that language, it's probably because they don't want you to understand.

They're inaccessible, but they come down to two things. Should we be spending more money than we're taking in right now? And do we want to take from the poor and give to the rich? That's it. And if someone's not speaking in that language, it's probably because they don't want you to understand.

So when you hear the blah, blah, blah, realize, blah, blah, blah, I'm speaking in words above your head, that's actually code for fuck you.

So when you hear the blah, blah, blah, realize, blah, blah, blah, I'm speaking in words above your head, that's actually code for fuck you.

So when you hear the blah, blah, blah, realize, blah, blah, blah, I'm speaking in words above your head, that's actually code for fuck you.

Which, by the way, also means the working class pay for it. Right. Because tariffs are a sales tax. Who spends a bigger share of their income? The working class.

Which, by the way, also means the working class pay for it. Right. Because tariffs are a sales tax. Who spends a bigger share of their income? The working class.

Which, by the way, also means the working class pay for it. Right. Because tariffs are a sales tax. Who spends a bigger share of their income? The working class.

Let me try and bore your audience by turning that into economics and then come back and be pissed off with you. Okay, great. So you might be upset about high house prices. High house prices are going to make it hard for my kids to be able to afford to get into the market. They make it hard for people to move to the most lovely places on earth.

Let me try and bore your audience by turning that into economics and then come back and be pissed off with you. Okay, great. So you might be upset about high house prices. High house prices are going to make it hard for my kids to be able to afford to get into the market. They make it hard for people to move to the most lovely places on earth.

Let me try and bore your audience by turning that into economics and then come back and be pissed off with you. Okay, great. So you might be upset about high house prices. High house prices are going to make it hard for my kids to be able to afford to get into the market. They make it hard for people to move to the most lovely places on earth.

Of course, I live in Michigan and if you wanted to buy a place in Flint, they're going pretty cheap. Bring your own water.

Of course, I live in Michigan and if you wanted to buy a place in Flint, they're going pretty cheap. Bring your own water.

Of course, I live in Michigan and if you wanted to buy a place in Flint, they're going pretty cheap. Bring your own water.

So, house prices are a problem. Just say it. Because of that, they really take a huge chunk of your spending power. So, how do we make housing cheap? There's two classes of solutions. Politiker lieben Dinge, die die Anforderungen stimulieren. Warum geben wir nicht den ersten Wohnbuyer eine Pause? Warum bieten wir nicht Subsidien? Warum haben wir keine Betrugsausgabe?

So, house prices are a problem. Just say it. Because of that, they really take a huge chunk of your spending power. So, how do we make housing cheap? There's two classes of solutions. Politiker lieben Dinge, die die Anforderungen stimulieren. Warum geben wir nicht den ersten Wohnbuyer eine Pause? Warum bieten wir nicht Subsidien? Warum haben wir keine Betrugsausgabe?