SpaceX’s IPO (with Nasdaq’s new immediate listing rules for very large cap companies) means your 401k will auto-buy shares, pumping the price up.
Musk can borrow against his 42% stake without selling. If the stock crashes, you lose. He doesn’t. It’s wealth transfer by another name.
Canada, and the entire capitalist West is in the final stage of that ravenous economic system we call capitalism. Unable to expand or sustain past profits, it’s now consuming public institutions and key social systems, sacrificing democracy, welfare, infrastructure, education, healthcare, and ecosystems for short-term shareholder gain.
155,000 people lost jobs between 2023-2026 for AI transformations that delivered no returns. We analyzed 1,000 SEC filings from 32 companies that linked layoffs to AI, built datasets, cross-referenced claims against audited financials. Margins stayed flat or worsened at companies that fired people to buy AI, while only infrastructure sellers saw improvements.
https://readuncut.com/the-ai-layoff-receipts/
#AILayoffs #TechWorkers #AIWashing #CorporateFinance #WealthTransfer
“Resisting the Rule of the RIch - Protecting Freedom from Billionaire Power” That is the title of the Oxfam.org report. It’s a long read (I’m only partially through it myself) but a worthwhile read.
#TechBros #EatTheRich #TaxTheRich #PoliticsAndPower
#Monopoly #Oligachy #Fascism #WealthTransfer #StateCapture
" #Conservatives" are fine with some forms of #WealthTransfer. YAY for #FlowUp economics, the billionaires version of #TrickleDown
(Flow Up aggregates millions of cash trickles into a Mississipi Rivers worth of cash as it reaches the mouth of the Gulf of Wealth.)
Trump suggests US taxpayers could reimburse oil firms for Venezuela investment
https://www.theguardian.com/business/2026/jan/06/trump-us-taxpayers-oil-firms-venezuela-investment?CMP=Share_AndroidApp_Other
Looming affordability crisis set to hit Americans with #health #insurance through #work
The expiration planned by Congress next month for the “tax credits” (aka subsidies) that allow states to provide the public's access to the healthcare marketplace will create a sudden shock of hundreds of thousands - more likely in the millions - of Americans no longer able to get sickness, disease, and injuries treated; will begin a new period of #medical, #economic and #social collapse. This is combined with massive increases to private insurance including employer-provided plans & programs, and the effective end to all #Medicaid-associated programs nationwide next fall. An avoidable human #catastrophe from #MAGA, which the majority of the US public is only beginning to notice.
#healthNews #laborNews #labor #USlabor #workers #unions #redistribution #plunder #billionaireSubsidy #wealthTransfer #healthTransfer #insurance #HealthcareIsAHumanRight #limitedPayers #m4a #expandMedicare
https://www.politico.com/news/2025/11/20/insurance-premiums-employer-increase-affordability-00660176
> It’s a perilous combination for 165 million people with employer-sponsored health insurance. Premiums are rising, while yearly pay raises shrink.
💼 Estate planning isn’t just about wills and trusts; it’s about protecting relationships and legacy.
🎧 Listen now https://zurl.co/aBzc6
#EstatePlanning #WealthManagement #FinancialPlanning #LegacyPlanning #Family #WealthTransfer #GenerationalWealth #TrustAndEstate
David August ❌👑
DB 🌱💦
Deep Press Analysis
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