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1. Bara (bara@clubcyberia.co)'s status on Friday, 23-Dec-2022 20:30:53 JST Bara

   in reply to

   • Cory Doctorow
   @pluralistic kill yourself and your admin with your retarded character limit
   •  likes this.
   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:30:54 JST Cory Doctorow

     in reply to

     Supposedly, Boeing has been diligently working on fixing the problems with its defective jets that can't be addressed by a rebranding campaign. This wasn't voluntary: the 2020 Aircraft Certification, Safety, and Accountability Act required Boeing - and every other manufacturer whose aircraft were certified by the FAA - to meet new minimum safety standards by December 27, 2022.

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:30:56 JST Cory Doctorow

     in reply to

     The 737 Max was unsafe for many reasons, but one glaring factor was the fact that Boeing sold some of its core safety as "extras" - like they were downloadable content for your Fortnite character - leading to multiple crashes in which all lives were lost:

     https://apnews.com/article/ethiopia-indonesia-accidents-ap-top-news-international-news-140576a8e9d4449eae646c8c479fdc3a

     Boeing was forced to take the 737 Max out of service, but it eventually brought the plane back, "fixing" the problems by renaming the "737 Max" to the "737 8":

     https://pluralistic.net/2020/08/20/dubious-quantitative-residue/#737-8

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:30:57 JST Cory Doctorow

     in reply to

     Remember when Boeing (the monopoly US airplane manufacturer that squandered $43b on stock buybacks and had to borrow $14b from the US public to survive the pandemic) told the FAA that it could self-certify its #737Max airplanes, and then killed hundreds and hundreds of people with its defective planes?

     https://pluralistic.net/2020/03/12/boeing-crashes/#boeing

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:30:59 JST Cory Doctorow

     in reply to

     Dollars to toenail clippings, they'll do that by hacking away at the tattered remains of the US social safety net.

     Fear not, you don't need to be a desperately poor disabled person or child to get fucked over by late additions to a 4,000 page must-pass bill! If you can afford to get on an airplane, Congress has something for you, too!

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:00 JST Cory Doctorow

     in reply to

     The US Treasury can't run out of dollars, and giveaways to the rich are only mildly inflationary, since rich people put their money in the bank and mostly spend it on buying politicians, not goods.

     But because of the delusion that currency *producers* like the US Treasury have the same constraints as currency *users* like you and me, Congress will need to come up with #PayFors in future budgets to "make up for" the money they're giving to rich people with SECURE Act 2.0.

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:01 JST Cory Doctorow

     in reply to

     (Notice how no one proposes means-testing billionaires when they get PPP loans or hundreds of millions in IRS "refunds" - like Trump, who paid substantially less tax than you did:)

     https://www.cnbc.com/2022/12/21/trump-income-tax-returns-detailed-in-new-report-.html

     And it *was* a betrayal: progressive Dems bargained with Neal and co not to publicly condemn SECURE Act 2.0 if they could get some concessions for the 8 million poorest disabled people in America.

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:01 JST Cory Doctorow

     in reply to

     In the end, Neal rug-pulled them. Of course he did! This is Richie Fucking Neal, the best friend the Trump tax giveaway ever had:

     https://pluralistic.net/2020/07/13/youre-still-the-product/#richie-neal

     As with everything Neal touches, this screws poor people in multiple ways. First, it leaves the SSI cap intact. But it also creates a giant unfunded liability in the federal budget. Technically, there's no reason this should lead to cuts.

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:03 JST Cory Doctorow

     in reply to

     One of the fixes that died was the #SavingsPenaltyEliminationAct, introduced by Senators Sherrod Brown [D-OH] and Rob Portman [R-OH]. This act would have tweaked the means-testing for #SupplementalSecurityIncome, which supports 8m low-income disabled adults and kids. Right now, you can't collect SSI if you have $2k in the bank, a limit that hasn't been adjusted for inflation since the 1980s (adjusted for inflation, $2k in 1980 is $7226.00 in 2022).

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:03 JST Cory Doctorow

     in reply to

     The $2k savings cap means that you have to be substantially below the poverty level to receive $585/month in #SSI assistance - this being the only source of income for the majority of SSI recipients. Means-testing is a self-immolating fetish for corporate Dems and in retrospect, this betrayal seems inevitable:

     https://pluralistic.net/2022/05/03/utopia-of-rules/#in-triplicate

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:04 JST Cory Doctorow

     in reply to

     Meanwhile, #SocialSecurity is crumbling, thanks to a sustained attack on it by the business lobby and its friends in both parties. Progressive Dems had sought to amend SECURE Act 2.0 by inserting some clauses to shore up Social Security, and *none* of these were included in the final bill.

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:05 JST Cory Doctorow

     in reply to

     But for a tiny minority of the ultra-rich, tax-free savings accounts like #ROTH #IRAs are a means of avoiding even the paltry capital gains tax that you have to pay if you own things for a living, rather than doing things for a living. Propublica's #IRSFiles revealed how ghouls like #PeterThiel avoided tax on billions in "passive income" by abusing tax-free savings accounts that were supposed to benefit the "middle class":

     https://pluralistic.net/2021/06/26/wax-rothful/#thiels-gambit

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:06 JST Cory Doctorow

     in reply to

     The market-based gambler's pension is a catastrophic failure. Half of Americans have *no* retirement savings. Of the half that have any savings, the vast majority have almost nothing saved:

     https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Retirement_Accounts;demographic:all;population:all;units:have

     All in all, America has a *$7 trillion* retirement savings shortfall:

     https://crr.bc.edu/wp-content/uploads/2019/10/IB_19-16.pdf

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:07 JST Cory Doctorow

     in reply to

     The tax-exempt retirement savings account is a Carter-era bargain that replaced real pensions - ones that guaranteed that you wouldn't starve or freeze to death when you retired - with accounts that let people gamble on the stock market, to be the suckers at Wall Street's poker table:

     https://pluralistic.net/2020/07/25/derechos-humanos/#are-there-no-poorhouses

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:08 JST Cory Doctorow

     in reply to

     Let's start with the retirement scam. The budget bill includes Rep Richie Neal's [DINO-MA] #SECUREAct 2.0, which gives savers with retirement funds until age 75 to cash out their retirement savings - netting an extra three years of tax-free growth for the lucky, tiny minority with substantial retirement savings. This follows on Neal's SECURE Act 1.0 of 2019, when the age was raised from 70.5 to 72.

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:09 JST Cory Doctorow

     in reply to

     This year's budget package included a couple of especially egregious doozies, which were reported out for *The American Prospect* by Lee Harris (who covered a grotesque retirement giveaway for the ultra-rich) and Doraj Facundo (who covered a safety giveaway to Boeing and its lethal fleet of #737Max airplanes).

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   • Cory Doctorow (pluralistic@mamot.fr)'s status on Friday, 23-Dec-2022 20:31:10 JST Cory Doctorow

     Yesterday, Congress finally passed the must-pass, end-of-year budget bill. As has become routine, this bill was stalled right until the final moment, so that Congressjerks could cram the 4,000-page, $1.7 trillion package with special favors for their donors, at the expense of the rest of the country.

     If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

     https://pluralistic.net/2022/12/22/must-pass/#buried-in-the-bill

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