Mainstream Economics Thread

[steve dave]

this is not the investing thread but if it was I'd just tell you to ride VOO and go enjoy your life. it'll figure it out.

[Stupid Fitz]

Commerce Secretary Howard Lutnick told CNBC that the U.S. government must receive an equity stake in Intel in exchange for CHIPS Act funds.

https://www.cnbc.com/2025/08/19/lutnick-intel-stock-chips-trump.html?link_source=ta_bluesky_link&taid=68a4c9de7ec8cc0001a14ca5&utm_campaign=trueanthem&utm_content=main&utm_medium=social&utm_source=bluesky


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[wetwillie]

How has Lutnick not been shown the door by now?  Probably because Bessent has had to play IRS head on top of treasury. 

[star seed 7]

I literally read his name as "nutlick" every single time I see it (xpost inner monalogue thread)

[Rage Against the McKee]

Commerce Secretary Howard Lutnick told CNBC that the U.S. government must receive an equity stake in Intel in exchange for CHIPS Act funds.

https://www.cnbc.com/2025/08/19/lutnick-intel-stock-chips-trump.html?link_source=ta_bluesky_link&taid=68a4c9de7ec8cc0001a14ca5&utm_campaign=trueanthem&utm_content=main&utm_medium=social&utm_source=bluesky


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Seizing the means of production.

[sonofdaxjones]

10% stake . . . SEIZING THE MEANS OF PRODUCTION!!   

Let's just go the #blueanon route and give them hundreds of millions or billions of dollars. Seemed to be the preferred with politically connected and very very failed "green" energy entities.

In other news - looks like the #blueanon msm usuals are starting up a mockingbird effort about overwrought investor enthusiasm (insert Alan Greenspan here) . . . how positively on time and on brand 

[Spracne]

I have read absolutely zero about this, but my first reaction (well, second, after thinking about it for more than a second) is that Intel might be one of the few instances where it could be workable without desecrating the spirit of Adam Smith, since Intel is already locked in a manufactured duopoly with AMD.

[wetwillie]

There is certainly no precedence of the federal govt taking ownership stakes in large corps.

[Spracne]

I'm not speaking towards the desirability of it. Only the feasibility.

[wetwillie]

Oh wait the govt owned the crap out of GM/Chrysler, AIG and an ass load of major banks.

[sonofdaxjones]

#BlogKaren - please let us know what your hyperventilating go to #blueanon media says about this thing with Intel.

I am sure they’re suddenly free market zealots - as #blueanon tends to temporarily skew when they’re not getting their way on everything


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[Spracne]

Like I said, I haven't checked out anyone else's takes. My sources are my own.

How is Revolver reacting? Nuclearly?

[steve dave]

https://x.com/sam_d_1995/status/1957980006195622025?s=46


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[sonofdaxjones]

Viewers of this blog will note that in numerous states Democrats are joining Republicans in calling for property tax reforms.

Which is kind of shocking - because most of the Dems have never met a tax or a fee they didn't want.

As an aside - still waiting on someone to walk me through the economic impact of tariffs vs all the desired tax increases and loophole closures that Dems have called for on the National-State-Local level (which as a reminder to all viewers of this blog - Dems, particularly upper middle class #blueanon and beyond are very happily enmeshed in numerous tax avoidance schemes - for example - just check out Gav Newsom's prolific usage of sus short term corps and trusts in his various dubious real estate deals).

[LickNeckey]

is the question why Dems prefer Income taxes over Consumption taxes?

[sonofdaxjones]

is the question why Dems prefer Income taxes over Consumption taxes?

No

Viewers will note that I also said "fees" . . . Lick are there any government fees tied to consumption? Are there any taxes tied to consumption - my latest trip to the gas pump said otherwise, am I confused (again)  ?

[BIG APPLE CAT]

is the question why Dems prefer Income taxes over Consumption taxes?

No

Viewers will note that I also said "fees" . . . Lick are there any government fees tied to consumption? Are there any taxes tied to consumption - my latest trip to the gas pump said otherwise, am I confused (again)  ?

Yes. Perpetually

[sonofdaxjones]

Dear Giant AI Computer in the sky stewing in a giant vat of marinara with the Flying Spaghetti Monster - Are State and Federal fuel taxes considered a consumption tax? (I am only doing this because I amnoticing a trend out on social media that numerous derps from both sides of the political equation only believe things if AI says so - which is scary AF - but it's clear that those with access to the best AI will get the best grades in school - so here we are)

Yes, both federal and state fuel taxes are considered consumption taxes

Dear Giant AI Computer in the sky stewing in a giant vat of marinara with the Flying Spaghetti Monster - In general do businesses and corporations pass higher levels of taxation on to consumers?

In general, businesses and corporations often pass on a significant portion of higher levels of taxation to consumers in the form of higher prices

[wetwillie]

If MTG keeps pushing for single payer healthcare I might be inclined to vote for her

[LickNeckey]

I could be a single issue Single Payer voter

[BIG APPLE CAT]

To be completely honest, I’d rather get results than Be Right. If MTG wants single payer healthcare bc of those gazpacho Jewish space lasers then babygurl LFG eff them space lasers

[wetwillie]

Amen, brother.

[cfbandyman]

To be completely honest, I’d rather get results than Be Right. If MTG wants single payer healthcare bc of those gazpacho Jewish space lasers then babygurl LFG eff them space lasers

Maga dumps their trash the second they become not useful so don't see why getting single payer through this is anything different. Lord works in mysterious ways

[sonofdaxjones]

Viewers of this blog will note that for 98.999% of #blueanon - there is no common ground.

[Pete]

Yep. I am ready to bury the hatchet with MTG if this good-guy populism scheme of her’s continues. 


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