#we're made of star stuff

[blondebrainpowered]

Carl Sagan on Cosmos - The Lives of the Stars, 1980

[lucentful]

Mukuro Ikusaba, the 7th Bad Batch squad member, lying hidden somewhere inside this facility... the one they call the Ultimate Soldier. Watch out for her.

COMMISSION BY @painthorseblues! be sure to check out his twitter since he's more active there! THANK YOU SO MUCH AGAIN!

[cordycepsbian]

how do you draw this thang

[usercelestial]

soulmates au where hen and eva are soulmates but hen and karen chose each other and that matters more than whatever the universe told them because karen would move the stars themselves if it meant spending the rest of her life with hen

[icewindandboringhorror]

More misc. daily life pictures and such

[always-a-joyful-note]

I think the reason I like the 5 Eccentrics so much is that it's just such a good depiction of the….variety of friendship. Because it was a group literally created to be destroyed. It was, in other words, a forced union of 5 people who might have never or barely interacted. Yet even with that, even knowing that, they all chose to have a meaningful friendship with each other - they chose to be friends and remain friends even if their union was forced, even if the very reason that they met was to be taken down. It's almost the arranged marriage trope but it wouldn't work as well like marriage because it really isn't that. It's like the family system (brought together by chance and a common identity) but it's still different. Because they didn't HAVE to be friends even if sharing the same label, because they didn't have to keep sticking around each other and become a real family. They chose to be friends in spite of all odds, chose to be grateful even amidst their destruction, and forged a precious bond that not even their predetermined fall could break and in this essay I will -

[despairforme]

He tried to bake a cake, got impatient and ate the batter.

[fluentisonus]

genuinely feel there's such a clear & distinct line between pre and post 9/11 star trek

[suprsingr]

I have never in all my life had so many emotions about a tumblr poll but oh my GOD I'm so happy Garak won, lmao. That was so tense.

[mcmansionhell]

namesake mcmansion

Howdy folks! Today's McMansion is very special because a) we're returning to Maryland after a long time and b) because the street this McMansion is on is the same as my name. (It was not named after me.) Hence, it is my personal McMansion, which I guess is somewhat like when people used to by the name rights to stars even though it was pretty much a scam. (Shout out btw to my patron Andros who submitted this house to be roasted live on the McMansion Hell Patreon Livestream)

As far as namesake McMansions go, this one is pretty good in the sense that it is high up there on the ol' McMansion scale. Built in 2011, this psuedo-Georgian bad boy boasts 6 bedrooms and 9.5 baths, all totaling around 12,000 square feet. It'll run you 2.5 million which, safe to say, is exponentially larger than its namesake's net worth.

Now, 2011 was an anonymous year for home design, lingering in the dead period between the 2008 black hole and 2013 when the market started to actually, finally, steadily recover. As a result a lot of houses from this time basically look like 2000s McMansions but slightly less outrageous in order to quell recession-era shame.

I'm going to be so serious here and say that the crown molding in this room is a crime against architecture, a crime against what humankind is able to accomplish with mass produced millwork, and also a general affront to common sense. I hate it so much that the more I look at it the more angry I become and that's really not healthy for me so, moving on.

Actually, aside from the fake 2010s distressed polyester rug the rest of this room is literally, basically Windows 98 themed.

I feel like the era of massive, hefty sets of coordinated furniture are over. However, we're the one's actually missing out by not wanting this stuff because we will never see furniture made with real wood instead of various shades of MDF or particleboard ever again.

This is a top 10 on the scale of "least logical kitchen I've ever seen." It's as though the designers engineered this kitchen so that whoever's cooking has to take the most steps humanly possible.

Do you ever see a window configuration so obviously made up by window companies in the 1980s that you almost have to hand it to them? You're literally letting all that warmth from the fire just disappear. But whatever I guess it's fine since we basically just LARP fire now.

Feminism win because women's spaces are prioritized in a shared area or feminism loss because this is basically the bathroom vanity version of women be shopping? (It's the latter.)

I couldn't get to all of this house because there were literally over a hundred photos in the listing but there are so many spaces in here that are basically just half-empty voids, and if not that then actually, literally unfinished. It's giving recession. Anyway, now for the best part:

Not only is this the NBA Backrooms but it's also just a nonsensical basketball court. Tile floors? No lines? Just free balling in the void?

Oh, well I bet the rear exterior is totally normal.

Not to be all sincere about it but much like yours truly who has waited until the literal last second to post this McMansion, this house really is the epitome of hubris all around. Except the house's hubris is specific to this moment in time, a time when gas was like $2/gallon. It's climate hubris. It's a testimony to just how much energy the top 1% of income earners make compared to the rest of us. I have a single window unit. This house has four air conditioning condensers. That's before we get to the monoculture, pesticide-dependent lawn or the three car garage or the asphalt driveway or the roof that'll cost almost as much as the house to replace. We really did think it would all be endless. Oops.

If you like this post and want more like it, support McMansion Hell on Patreon for as little as $1/month for access to great bonus content including a discord server, extra posts, and livestreams.

Not into recurring payments? Try the tip jar! Student loans just started back up!

[astonmartinii]

day seven: (christmas) star power | charles leclerc social media au

pairing: charles leclerc x fem primary school!teacher

oh how one lie can spiral

MASTERLIST | TIP JAR

yourusername

liked by yourbff, yourbrother and 204 others

yourusername: so ummmmmmm i pulled the short straw and am in charge of the school's nativity ??? AND THEN made a comment about my 'boyfriend' charles leclerc and now the whole school and WHOLE village think he is coming to the show ...

view all comments

yourbff: are you fucking dumb ???

yourusername: YES

yourbff: you told the headmaster that your boyfriend is CHARLES LECLERC ????

yourusername: i said it in JEST

yourusername: like ooohhhh my boyf charles

yourusername: and i guess that my framed picture of him on my desk definitely didn't help ...

yourbff: you have a framed picture of him on your desk...

yourusername: it was a christmas present from my cousin 😭

yourbff: oh but why would you have it on your desk - you're a primary school teacher all those kids do is ask questions

yourusername: why are you VICTIM BLAMING SO MUCH

yourbff: because you're DUMB

yourbrother: oh they're gonna stone you when they figure out it's not true

yourusername: they should know it's not true ITS CHARLES LECLERC

yourbrother: so you're saying you couldn't just go to monaco right now and pull him? disappointing

yourusername: 1. i'm broke as fuck 2. i am me and he is he

yourbrother: ugh such a skill issue

yourbff: bro it's hit f1twt

yourusername: WHAT

yourusername: who the fuck is on f1twt from our village

yourbff: maybe it was me...

yourusername: REALLY?

yourbff: no you actual dumbass

yourusername: no but for real these people are insane detectives they're going to figure out it's me and i'm going to be CANCELLED

yourbff: lol

yourusername: fuck you.

charles_leclerc

liked by landonorris, pierregasly and 1,034,289 others

tagged: arthurleclerc & lorenzotl

charles_leclerc: just a quiet christmas for the leclercs this year

view all comments

user4: because we're going to somerset right?

user5: does he know he's meant to be in somerset?

user6: does he know what a nativity is?

user7: girl he may be an f1 driver who didn't finish school but he's not THAT dumb

landonorris: why am i seeing that you're coming to my ends for christmas?

charles_leclerc: am i??? why would i want to spend even more time with you?

landonorris: first of all - rude. second of all i have literally seen posters about you coming to the village?

charles_leclerc: what is a village?

landonorris: okay mr monte carlo some of use aren't from a tax haven

charles_leclerc: also when you're this beautiful, people tend to paste your face everywhere, you can't relate

landonorris: even RUDER

landonorris: my young cousin goes to the school and is completely convinced that you're coming to the show and dating his teacher

charles_leclerc: WHAT

yourusername: oh my jesus christ

user8: and if that one girl on f1twt made it all up...

user9: would be the only good thing to come out of that place

pierregasly: what is this i'm hearing of you having a girlfriend? charles i am HURT

charles_leclerc: where are you all hearing all of this stuff?

pierregasly: twitter!

charles_leclerc: oh jesus christ

pierregasly: you've got yourself in a right mess

charles_leclerc: ME?

charles_leclerc: this is clearly the work of a downright lunatic or a lonely cat woman with FAR too much time on her hands

yourusername: oh he gagged me there

yourbff: heyyy you have a dog not a cat!

charles_leclerc: who are you people?

yourusername: NO ONE

user10: what on earth is going on

user11: and WHO is @yourusername

yourusername: NO ONE

landonorris

liked by pierregasly, oscarpiastri and 1,034,277 others

tagged: charles_leclerc

landonorris: look who came to see me :)

view all comments

user13: holy....

user14: oh charles at the nativity is still so on

user15: my hopes are simply too high now good lord

user16: lowkey hoping this is all one big lie from f1twt that has managed to convince ACTUAL drivers to go to a random village

oscarpiastri: how did he get an invite to the norris house before i did ?

oscarpiastri: do my 'heart eyes' mean nothing to you?

landonorris: no babe i can explain it's for the bit

charles_leclerc: babe?

oscarpiastri: stay out of this old man

charles_leclerc: that's no way to talk to your father

oscarpiastri: my father wouldn't do such things for 'the bit" WHAT DOES THAT EVEN MEAN

landonorris: it's a joke osc

oscarpiastri: so i'm a joke to you? i see how it is

landonorris: NO THE TWITTER JOKE

landonorris: has he just put his phone on do not disturb?

charles_leclerc: he said he's going to bed (it is actually quite late in australia dude)

landonorris: how do you know that?

charles_leclerc: he replied to my text :)

landonorris: WHAT

charles_leclerc: family comes before whatever pathetic crush he has

user17: how have we gotten to this point?

user18: just smile and wave boys this is mental illness on show

charles_leclerc: you're right, having a crush on lando is mental illness

landonorris: then it's time to get your son sectioned!

alexalbon: well this has all gotten a bit serious now - can we get back to the actual reason charles is at your house?

yourusername: @yourbff oh brother this is getting TOO REAL

yourbff: to put it quite kindly you are royally FUCKED

yourusername: i might have to move to another country, change my name and get bangs :(

yourbff: NOT BANGS

landonorris: who are you people and why are you always camping out in our comment sections

yourusername: WE'RE NO ONe

landonorris: WAIT I HAVE MUTUALS WITH YOU?

landonorris: NOOOOOOOOO

landonorris: she blocked me?

yourbff

liked by yourusername, landonorris and 304 others

tagged: yourusername

yourbff: take a good look at her folks because i have reason to believe that if a certain someone turns up at the show she will KILL HERSELF. love you queen, rest in divadom

view all comments

yourusername: this sounds very dramatic

yourusername: but you are correct

yourusername: my life will come to a short and all round inconsequential end tonight

yourbff: it is dramatic

yourbff: but i understand queen

yourbff: your celebrity crush who you have had a parasocial relationship with for years is coming with the express purpose of embarrasing you because he believes you are a sad, sad woman who has created an elaborate lie that you're in a relationship

yourusername: well yeah that sums it up pretty well - you think you could put that on my head stone?

yourbff: i don't think we can afford that

landonorris: i can pay!

yourusername: AHHHHHHH

yourbff: AHHHHHH

landonorris: oh forgot to say but found you! we have a lot of mutual friends lol

landonorris: actually i think my mum and your mum are in the same book club!

yourusername: you're aware this is creepy?

landonorris: you're aware that pretending to be my friend's girlfriend is creepy

yourusername: THERE WAS A GROSS MISUNDERSTANDING OVER MY DESK DECOR

landonorris: sureeeeeee

yourusername: also charles isn't even the only man i have framed on my desk, i have my dog, justin from wizards of waverely place, jason kelce and marc marquez, he's just the one the old lady picked out

yourbrother: now we have actual f1 drivers in the comments, how can we get free tickets from them?

yourusername: so my impending suicide means nothing?

yourbrother: not really. i might take your car if you die

charles_leclerc: so this was all one big scheme to get tickets? there's no show ???

yourbrother: that's what you're focusing on? not that she has a whole town under the impression that you're dating some irrelevant primary school teacher?

yourusername: rude?

charles_leclerc: a primary school teacher? that's cute

yourusername: wait did you think i was just doing the nativity for the love of the game?

yourbrother: who gives a fuck he called you CUTE

yourusername: oh!

yourbrother: she passed out :/

charles_leclerc: i didn't know i had that kind of effect on people

landonorris: oh fuck off of course you do

charles_leclerc

liked by landonorris, maxverstappen1 and 1,539,056 others

tagged: yourusername

charles_leclerc: met my long lost girlfriend (and most importantly her dog)

view all comments

user20: omg i do not know how to feel

user21: WHO WAS GOING TO TELL ME SHE'S THAT BEAUTIFUL

user22: i 100% thought the gal was gonna at least be in her 40s

landonorris: i guess she puts on a pretty good nativity

charles_leclerc: which kid is your cousin?

landonorris: the lobster!

pierregasly: LOBSTER?

charles_leclerc: @yourusername why was there a lobster?

yourusername: ummmm there's a lot of kids in the class and i was running out of roles? all animals are gods creations?

charles_leclerc: seems sacrilegious but it was cute <3

charles_leclerc: just like you

pierregasly: that was awful

yourusername: SHUT UP

yourusername: thank you charles :)

charles_leclerc: no worries princess x

user23: i am losing my mind ?????

user24: bro got tricked into going to SOMERSET and has actually fallen for her

user25: i mean ... look at her

yourusername: i do also have a cracking personality if i do say so myself

yourbff: oh girl you needed it after i held your hair back three times in the lead up to meeting charles

yourusername: and i will repay you somehow ???

yourbff: well.... now you've charmed a certain someone can we inquire about his pool of friends

landonorris: hi!

charles_leclerc: no not that one he's not cute enough

landonorris: you're really mean

charles_leclerc: @yourbff may i introduce my good buddy joris

landonorris: JORIS ???

charles_leclerc: well i regularly want to throttle you so i think it would be better to go on double dates with someone i actually like ?

user26: charles leclerc is the origin of the sassy man apocalypse

user27: i think the paddock was the start of it all

yourusername: i can't believe this actually happened :')

charles_leclerc: and i can't wait to see where it goes

yourusername: see you for new years pretty boy

charles_leclerc: i think i already know who my new years kiss might be

yourusername: i'm already waiting :3

fin.

note: i hope you all had a fun christmas! i had a great day with my family and am workin hard to get the rest of this series out!

[without-ado]

...Some part of our being knows this is where we came from. We long to return, and we can, because the cosmos is also within us. We're made of star stuff. We are a way for the cosmos to know itself.

l Webb & Hubble via NASA 360 l Carl Sagan "Cosmos"

[cordycepsbian]

big fan of the dynamic between dmk and sectonia that only exists in our head and almost nobody else shares

[mostlysignssomeportents]

Retiring the US debt would retire the US dollar

THIS WEDNESDAY (October 23) at 7PM, I'll be in DECATUR, GEORGIA, presenting my novel THE BEZZLE at EAGLE EYE BOOKS.

One of the most consequential series of investigative journalism of this decade was the Propublica series that Jesse Eisinger helmed, in which Eisinger and colleagues analyzed a trove of leaked IRS tax returns for the richest people in America:

https://www.propublica.org/series/the-secret-irs-files

The Secret IRS Files revealed the fact that many of America's oligarchs pay no tax at all. Some of them even get subsidies intended for poor families, like Jeff Bezos, whose tax affairs are so scammy that he was able to claim to be among the working poor and receive a federal Child Tax Credit, a $4,000 gift from the American public to one of the richest men who ever lived:

https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

As important as the numbers revealed by the Secret IRS Files were, I found the explanations even more interesting. The 99.9999% of us who never make contact with the secretive elite wealth management and tax cheating industry know, in the abstract, that there's something scammy going on in those esoteric cults of wealth accumulation, but we're pretty vague on the details. When I pondered the "tax loopholes" that the rich were exploiting, I pictured, you know, long lists of equations salted with Greek symbols, completely beyond my ken.

But when Propublica's series laid these secret tactics out, I learned that they were incredibly stupid ruses, tricks so thin that the only way they could possibly fool the IRS is if the IRS just didn't give a shit (and they truly didn't – after decades of cuts and attacks, the IRS was far more likely to audit a family earning less than $30k/year than a billionaire).

This has become a somewhat familiar experience. If you read the Panama Papers, the Paradise Papers, Luxleaks, Swissleaks, or any of the other spectacular leaks from the oligarch-industrial complex, you'll have seen the same thing: the rich employ the most tissue-thin ruses, and the tax authorities gobble them up. It's like the tax collectors don't want to fight with these ultrawealthy monsters whose net worth is larger than most nations, and merely require some excuse to allow them to cheat, anything they can scribble in the box explaining why they are worth billions and paying little, or nothing, or even entitled to free public money from programs intended to lift hungry children out of poverty.

It was this experience that fueled my interest in forensic accounting, which led to my bestselling techno-crime-thriller series starring the two-fisted, scambusting forensic accountant Martin Hench, who made his debut in 2022's Red Team Blues:

https://us.macmillan.com/books/9781250865847/red-team-blues

The double outrage of finding out how badly the powerful are ripping off the rest of us, and how stupid and transparent their accounting tricks are, is at the center of Chokepoint Capitalism, the book about how tech and entertainment companies steal from creative workers (and how to stop them) that Rebecca Giblin and I co-authored, which also came out in 2022:

https://chokepointcapitalism.com/

Now that I've written four novels and a nonfiction book about finance scams, I think I can safely call myself a oligarch ripoff hobbyist. I find this stuff endlessly fascinating, enraging, and, most importantly, energizing. So naturally, when PJ Vogt devoted two episodes of his excellent Search Engine podcast to the subject last week, I gobbled them up:

https://www.searchengine.show/listen/search-engine-1/why-is-it-so-hard-to-tax-billionaires-part-1

I love the way Vogt unpacks complex subjects. Maybe you've had the experience of following a commentator and admiring their knowledge of subjects you're unfamiliar with, only have them cover something you're an expert in and find them making a bunch of errors (this is basically the experience of using an LLM, which can give you authoritative seeming answers when the subject is one you're unfamiliar with, but which reveals itself to be a Bullshit Machine as soon as you ask it about something whose lore you know backwards and forwards).

Well, Vogt has covered many subjects that I am an expert in, and I had the opposite experience, finding that even when he covers my own specialist topics, I still learn something. I don't always agree with him, but always find those disagreements productive in that they make me clarify my own interests. (Full disclosure: I was one of Vogt's experts on his previous podcast, Reply All, talking about the inkjet printerization of everything:)

https://gimletmedia.com/shows/reply-all/brho54

Vogt's series on taxing billionaires was no exception. His interview subjects (including Eisinger) were very good, and he got into a lot of great detail on the leaker himself, Charles Littlejohn, who plead guilty and was sentenced to five years:

https://jacobin.com/2023/10/charles-littlejohn-irs-whistleblower-pro-publica-tax-evasion-prosecution

Vogt also delved into the history of the federal income tax, how it was sold to the American public, and a rather hilarious story of Republican Congressional gamesmanship that backfired spectacularly. I'd never encountered this stuff before and boy was it interesting.

But then Vogt got into the nature of taxation, and its relationship to the federal debt, another subject I've written about extensively, and that's where one of those productive disagreements emerged. Yesterday, I set out to write him a brief note unpacking this objection and ended up writing a giant essay (sorry, PJ!), and this morning I found myself still thinking about it. So I thought, why not clean up the email a little and publish it here?

As much as I enjoyed these episodes, I took serious exception to one – fairly important! – aspect of your analysis: the relationship of taxes to the national debt.

There's two ways of approaching this question, which I think of as akin to classical vs quantum physics. In the orthodox, classical telling, the government taxes us to pay for programs. This is crudely true at 10,000 feet and as a rule of thumb, it's fine in many cases. But on the ground – at the quantum level, in this analogy – the opposite is actually going on.

There is only one source of US dollars: the US Treasury (you can try and make your own dollars, but they'll put you in prison for a long-ass time if they catch you.).

If dollars can only originate with the US government, then it follows that:

a) The US government doesn't need our taxes to get US dollars (for the same reason Apple doesn't need us to redeem our iTunes cards to get more iTunes gift codes);

b) All the dollars in circulation start with spending by the US government (taxes can't be paid until dollars are first spent by their issuer, the US government); and

c) That spending must happen before anyone has been taxed, because the way dollars enter circulation is through spending.

You've probably heard people say, "Government spending isn't like household spending." That is obviously true: households are currency users while governments are currency issuers.

But the implications of this are very interesting.

First, the total dollars in circulation are:

a) All the dollars the government has ever spent into existence funding programs, transferring to the states, and paying its own employees, minus

b) All the dollars that the government has taxed away from us, and subsequently annihilated.

(Because governments spend money into existence and tax money out of existence.)

The net of dollars the government spends in a given year minus the dollars the government taxes out of existence that year is called "the national deficit." The total of all those national deficits is called "the national debt." All the dollars in circulation today are the result of this national debt. If the US government didn't have a debt, there would be no dollars in circulation.

The only way to eliminate the national debt is to tax every dollar in circulation out of existence. Because the national debt is "all the dollars the government has ever spent," minus "all the dollars the government has ever taxed." In accounting terms, "The US deficit is the public's credit."

When billionaires like Warren Buffet tell Jesse Eisinger that he doesn't pay tax because "he thinks his money is better spent on charitable works rather than contributing to an insignificant reduction of the deficit," he is, at best, technically wrong about why we tax, and at worst, he's telling a self-serving lie. The US government doesn't need to eliminate its debt. Doing so would be catastrophic. "Retiring the US debt" is the same thing as "retiring the US dollar."

So if the USG isn't taxing to retire its debts, why does it tax? Because when the USG – or any other currency issuer – creates a token, that token is, on its face, useless. If I offered to sell you some "Corycoins," you would quite rightly say that Corycoins have no value and thus you don't need any of them.

For a token to be liquid – for it to be redeemable for valuable things, like labor, goods and services – there needs to be something that someone desires that can be purchased with that token. Remember when Disney issued "Disney dollars" that you could only spend at Disney theme parks? They traded more or less at face value, even outside of Disney parks, because everyone knew someone who was planning a Disney vacation and could make use of those Disney tokens.

But if you go down to a local carny and play skeeball and win a fistful of tickets, you'll find it hard to trade those with anyone outside of the skeeball counter, especially once you leave the carny. There's two reasons for this:

1) The things you can get at the skeeball counter are pretty crappy so most people don't desire them; and ' 2) Most people aren't planning on visiting the carny, so there's no way for them to redeem the skeeball tickets even if they want the stuff behind the counter (this is also why it's hard to sell your Iranian rials if you bring them back to the US – there's not much you can buy in Iran, and even someone you wanted to buy something there, it's really hard for US citizens to get to Iran).

But when a sovereign currency issuer – one with the power of the law behind it – demands a tax denominated in its own currency, they create demand for that token. Everyone desires USD because almost everyone in the USA has to pay taxes in USD to the government every year, or they will go to prison. That fact is why there is such a liquid market for USD. Far more people want USD to pay their taxes than will ever want Disney dollars to spend on Dole Whips, and even if you are hoping to buy a Dole Whip in Fantasyland, that desire is far less important to you than your desire not to go to prison for dodging your taxes.

Even if you're not paying taxes, you know someone who is. The underlying liquidity of the USD is inextricably tied to taxation, and that's the first reason we tax. By issuing a token – the USD – and then laying on a tax that can only be paid in that token (you cannot pay federal income tax in anything except USD – not crypto, not euros, not rials – only USD), the US government creates demand for that token.

And because the US government is the only source of dollars, the US government can purchase anything that is within its sovereign territory. Anything denominated in US dollars is available to the US government: the labor of every US-residing person, the land and resources in US territory, and the goods produced within the US borders. The US doesn't need to tax us to buy these things (remember, it makes new money by typing numbers into a spreadsheet at the Federal Reserve). But it does tax us, and if the taxes it levies don't equal the spending it's making, it also sells us T-bills to make up the shortfall.

So the US government kinda acts like classical physics is true, that is, like it is a household and thus a currency user, and not a currency issuer. If it spends more than it taxes, it "borrows" (issues T-bills) to make up the difference. Why does it do this? To fight inflation.

The US government has no monetary constraints, it can make as many dollars as it cares to (by typing numbers into a spreadsheet). But the US government is fiscally constrained, because it can only buy things that are denominated in US dollars (this is why it's such a big deal that global oil is priced in USD – it means the US government can buy oil from anywhere, not only the USA, just by typing numbers into a spreadsheet).

The supply of dollars is infinite, but the supply of labor and goods denominated in US dollars is finite, and, what's more, the people inside the USA expect to use that labor and goods for their own needs. If the US government issues so many dollars that it can outbid every private construction company for the labor of electricians, bricklayers, crane drivers, etc, and puts them all to work building federal buildings, there will be no private construction.

Indeed, every time the US government bids against the private sector for anything – labor, resources, land, finished goods – the price of that thing goes up. That's one way to get inflation (and it's why inflation hawks are so horny for slashing government spending – to get government bidders out of the auction for goods, services and labor).

But while the supply of goods for sale in US dollars is finite, it's not fixed. If the US government takes away some of the private sector's productive capacity in order to build interstates, train skilled professionals, treat sick people so they can go to work (or at least not burden their working-age relations), etc, then the supply of goods and services denominated in USD goes up, and that makes more fiscal space, meaning the government and the private sector can both consume more of those goods and services and still not bid against one another, thus creating no inflationary pressure.

Thus, taxes create liquidity for US dollars, but they do something else that's really important: they reduce the spending power of the private sector. If the US only ever spent money into existence and never taxed it out of existence, that would create incredible inflation, because the supply of dollars would go up and up and up, while the supply of goods and services you could buy with dollars would grow much more slowly, because the US government wouldn't have the looming threat of taxes with which to coerce us into doing the work to build highways, care for the sick, or teach people how to be doctors, engineers, etc.

Taxes coercively reduce the purchasing power of the private sector (they're a stick). T-bills do the same thing, but voluntarily (they the carrot).

A T-bill is a bargain offered by the US government: "Voluntarily park your money instead of spending it. That will create fiscal space for us to buy things without bidding against you, because it removes your money from circulation temporarily. That means we, the US government, can buy more stuff and use it to increase the amount of goods and services you can buy with your money when the bond matures, while keeping the supply of dollars and the supply of dollar-denominated stuff in rough equilibrium."

So a bond isn't a debt – it's more like a savings account. When you move money from your checking to your savings, you reduce its liquidity, meaning the bank can treat it as a reserve without worrying quite so much about you spending it. In exchange, the bank gives you some interest, as a carrot.

I know, I know, this is a big-ass wall of text. Congrats if you made it this far! But here's the upshot. We should tax billionaires, because it will reduce their economic power and thus their political power.

But we absolutely don't need to tax billionaires to have nice things. For example: the US government could hire every single unemployed person without creating inflationary pressure on wages, because inflation only happens when the US government tries to buy something that the private sector is also trying to buy, bidding up the price. To be "unemployed" is to have labor that the private sector isn't trying to buy. They're synonyms. By definition, the feds could put every unemployed person to work (say, training one another to be teachers, construction workers, etc – and then going out and taking care of the sick, addressing the housing crisis, etc etc) without buying any labor that the private sector is also trying to buy.

What's even more true than this is that our taxes are not going to reduce the national debt. That guest you had who said, "Even if we tax billionaires, we will never pay off the national debt,"" was 100% right, because the national debt equals all the money in circulation.

Which is why that guest was also very, very wrong when she said, "We will have to tax normal people too in order to pay off the debt." We don't have to pay off the debt. We shouldn't pay off the debt. We can't pay off the debt. Paying off the debt is another way of saying "eliminating the dollar."

Taxation isn't a way for the government to pay for things. Taxation is a way to create demand for US dollars, to convince people to sell goods and services to the US government, and to constrain private sector spending, which creates fiscal space for the US government to buy goods and services without bidding up their prices.

And in a "classical physics" sense, all of the preceding is kinda a way of saying, "Taxes pay for government spending." As a rough approximation, you can think of taxes like this and generally not get into trouble.

But when you start to make policy – when you contemplate when, whether, and how much to tax billionaires – you leave behind the crude, high-level approximation and descend into the nitty-gritty world of things as they are, and you need to jettison the convenience of the easy-to-grasp approximation.

If you're interested in learning more about this, you can tune into this TED Talk by Stephanie Kelton, formerly formerly advisor to the Senate Budget Committee chair, now back teaching and researching econ at University of Missouri at Kansas City:

https://www.ted.com/talks/stephanie_kelton_the_big_myth_of_government_deficits?subtitle=en

Stephanie has written a great book about this, The Deficit Myth:

https://pluralistic.net/2020/05/14/everybody-poops/#deficit-myth

There's a really good feature length doc about it too, called "Finding the Money":

https://findingmoneyfilm.com/

If you'd like to read more of my own work on this, here's a column I wrote about the nature of currency in light of Web3, crypto, etc:

https://locusmag.com/2022/09/cory-doctorow-moneylike/

Tor Books as just published two new, free LITTLE BROTHER stories: VIGILANT, about creepy surveillance in distance education; and SPILL, about oil pipelines and indigenous landback.

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

https://pluralistic.net/2024/10/21/we-can-have-nice-things/#public-funds-not-taxpayer-dollars

[yandere--stuck]

NEED to know your thoughts on a yandere bill cipher

⚠️ Listen, pal, I KNOW why you're reading this. You've got a crush on YOURS TRULY! That's right, buddy, the cat's outta the bag! Well, not like the cat was ever really in the bag to begin with. What? Didn't think my all-seeing eye would spy you making goo-goo eyes at artistic depictions of me? AHAHA, aw, hey! Nothing to be embarrassed about. It's not like I can blame you, I mean, have you met me? A winning personality, great sense of humor, beautiful singing voice - I'm a total catch! And between you and me, you have better taste than the rest of your species’ population.

👁 There are probably numerous reason why you like stuff like this: The obsession, the possessive behavior, the VIOLENCE. Sure sounds like romance to ME! But as for you… Is it the abandonment issues? Lack of validation in your life? Feeling misunderstood and ostracized by the world? Loneliness? A desire for an escape into a fictional world? Or are you like me? Is romance just no good without the true passion of twisted devotion and obsession? There's no need to LIE! We're kindred spirits, you and I.

⚠️ I know just how you feel. You've been kicked down, laughed at, and made to feel small. You've gone unappreciated by blind MORONS who wouldn't know greatness if it melted their eyeballs out their ears. Because you are MEANT for greatness. You are meant for something more, and I bet it burns you to know that. That you're better than all of them. That they're nothing without you, and they DESERVE nothing. They deserve to BE nothing. I know just how you feel because I was in your place. Surrounded by flat minds in a flat world with flat dreams. HA, and I sure showed them. WHO'S LAUGHING NOW, HUH? ME!!!!!!

👁 The point is, I know you. I've had my eye on you for quite a while, kid. Q U I T E A W H I L E. And might I say, out of all the flesh bags that have clogged my vision over the centuries, YOU'RE clearly the best looking outta all of ‘em, hot stuff. But looks aren't everything, of course! You've got a personality to match. Gotta admit, it's cute how you get so invested in your interests, the little hobbies you pick up, just watching you go about your day is like the universe’s greatest reality TV show starring my favorite person in the multiverse! OH, I could just decaptiate you and nuzzle your fleshy little head in an approximation of a kiss right now!!!

⚠️ So, c'mon, just let me in. Shake my hand! Let's make a deal. No matter how big or small! And it’s not just for the purpose of liberating your dimension, no. I want to really get under your skin. To feel what it's like to be in the body of my favorite person. As close as two beings can get, closer than you can get with unworthy specimens of your own kind, more intimate than any experience in the world. I want to be that close to you. Because you're mine. You're MY HUMAN and NOTHING WILL CHANGE THAT. Y'HEAR ME?

👁 So, you might as well accept that you and me are destined, kid. The signs are all there. So, if I were you (and I could be, if you'd just let me), I'd do this the easy way. Because right now, there's two ways this can go down. The easy way: You summon me, and we make a deal. Anything your precious human heart desires - and more! You'll be my precious human pet, my puppet, my toy. Mine to own and have rule beside me! You'll prove everyone who put you down wrong! Anything you want - love, money, fame, worship, vengeance - it'll all be yours, and I'll give it to you. Because I want you to be happy. Because I want what's best for you. Because I’M the only one who actually cares about you. Everything you wanted will be yours. And there'll be an eternal party to celebrate our eternal love… Or, you could do this the hard way. Cause I'm gettin’ outta here one way or another. And when I do, well… I don't think you'd like being locked up in The Love Cage to be TORTURED until you reciprocate my feelings and see the light. I'd say I wouldn't want to, but that'd be lying. So, it's probably not a good idea to give me more of a reason to. So, whaddaya say? You know you deserve the best. Shake my hand and join the winning team. Either way, you're mine.

[angelsheartts]

୭ JEALOUSY ˚. ᵎᵎ ~

#pairing : lucifer, adam, alastor, angel dust, husk, valentino, vox, x gn reader.

#cw: jealousy?, +18 in valentino's/vox's part, suggestive content ig, cuss words lmao.

#notes: u guys don’t know how much i wanna know why lilith made a deal with adam, and how could she even fumbled lucifer.

⋆.ೃ- LUCIFER .

i don't think lucifer gets jealous easily, at least, but if he is jealous, he will surely become reallyyyy clingy and will try to show off. i mean, he's the sin of pride, after all.

being the partner of the king of hell really meant that there would always be people staring at you, even ones who had no shame at all and would flirt with you, sometimes even in front of lucifer.

"would you mind if I bought you a drink, sweetheart?" a powerful overlord asked you, making lucifer raise an eyebrow and look at the overlord with one of his annoyed characteristics expressions, and before you could even reply anything, lucifer had already bought you both the whole menu of drinks while clinging onto you. "do you think this is enough for you, (name)?" he asked, making the overlord stop bothering you both and making you gasp a soft sigh, knowing he did all of this with such an innocent face, as if he wasn’t getting annoyed just a second ago.

⋆.ೃ- ADAM .

his ego is too big for him to even consider the idea of being jealous, but boy, does he want to get rid of the fucking asshole who is talking to you.

even though you were adam's third wife/adam's first husband, you were nice to being around. not like your husband, who always made snarky comments about everything and everyone.

sometimes, though, people would flirt with you without you noticing, making your husband really irritated and dragging you away while flipping off the angel who initially flirted with you and making some snarky remarks about them. "(name), that bitch was literally fucking you with his eyes! you should have called me before, next time make sure to be around me, got it?" adam called out, making you giggle since his insults were sometimes so unexpected.

⋆.ೃ- ALASTOR .

alastor is the kind of guy who wouldn’t get jealous; maybe once an extermination you would see him acting a little possessive over you, but really, this guy knows your soul belongs to him, so why would there be a need to feel jealous?

actually, only your friends at the hazbin hotel where the only ones who knew about your relationship with alastor; it made sense, since he knew you could get in danger if someone else found out.

that didn’t meant that angel dust wouldn’t take the opportunity to flirt with you as a joke while trying to get a reaction from you. "(name), i think you would get pretty popular if you started to appear on my films" he said jokingly to you, while alastor just looked at him with his usual smile "i don’t think that (name) would want to get involved in that kind of stuff, angel dust, isn’t that right, dear?" alastor answered, kissing your cheek, and leaving you speechless since he mostly kept his affection for when the both of you where alone.

⋆.ೃ- ANGEL DUST .

for me, he may get jealous depending on who's hitting on you; if it’s some random imp, it won’t really bother him; he will just tell them to fuck off themselves and leave you alone, but if it’s someone like valentino, oh boy, he acts VERY different.

angel dust didn’t really like you being in the porn studios were he works, because he knows that valentino is waiting to say anything to you, and because he simply thinks you don’t belong in a place like that. he thinks you’re much better working at the hazbin hotel or wandering around the pride ring.

"(name), aren’t you a supportive one? you know that if you want, i could make you a star lik-" "val, we're on set soon" angel dust spoke, looking angrily at valentino. "well, looks like your little boyfriend doesn’t want me to talk to you; i’m sure we’ll have plenty of time the next time," valentino whispered, making you stand there awkwardly.

as you both were finally at the hazbin hotel, anthony asked you not to come next time, since he really didn’t want valentino talking to you ever again. "(name), you know i really don’t want to get you in trouble, and you know that outside of the studio we can do whatever the fuck we want, but still, thanks for the snack you brought." he said, smirking, and letting you cuddle into his arms like you always do after an exhausting day.

⋆.ೃ- HUSK .

husk would only get jealous or, well, mostly, frustrated if someone interrupted you both, like if you both are just having a wholesome moment and someone just steals your attention from him, he’s a cat after all AND will be grumpy afterward.

you were having a nice chat with husk while having a drink at his bar, but as he was explaining you something, alastor came along and asked you something between the lines of 'if you had seen charlie or vaggie' since he had to talk to them about some business about the hazbin hotel.

after alastor left, you turned to look at your partner, noticing how he had been growling this entire time. it wasn’t really loud, though. "tsk, that radio demon really needed to ruin the atmosphere," he said, making you give him a look "what? you know, i dislike the idea of him thinking that he can just do whatever he pleases with my stuff." hearing your partner's words, you knew you had to reassure him that even though alastor had interrupted you both, your attention was still set on him and no one else.

⋆.ೃ- VALENTINO .

he’s valentino, he surely and kind of obviously gets jealous whenever you’re talking to someone that isn’t him.

the workers in the studio know that since you worked there, you've only filmed with valentino; nobody questions why, and nobody really cares whatever reason their boss has to not let you fuck with others.

today, though, a worker intended to jokingly flirt with you. "(name), i think that if we make a video together, even the most pure souls would want to watch it" oh, well, that wasn’t even a little funny to valentino.

"such a slut for me, mmh? you really thought my sweet (name) would even think about fucking with you?" valentino smirked, while thrusting into you. he had his eyes set on the demon who flirted with you, not even caring about the fact that he was on set.

⋆.ೃ- VOX .

this man has the same jealousy problems, or even worse, than valentino. he's actually such an attention whore, so he obviously would despise everyone who tries to flirt with you.

actually everyone who works for the vees knows how jealous vox is, and that’s because this is a situation that often happens: if someone is even looking at you a little longer than usual, he will become insecure and try ANYTHING he can so he can have your attention on him. like i mentioned, he’s an attention whore.

today, the outfit that velvette chose for you might have made some people stare back at you. i mean he can’t judge them; you looked so fucking good in it, but hell does he want to have you all by himself, so what does he does? take you to his office so he can have you all by himself.

"(name)," he mutters while keeping his hands all over your body. "you knew what you were doing, huh? making everyone stare at your body, but i’m such a good partner for not making a fuss about it, right?" he asked, waiting for you to atleast praise him, 'cause like a already mentioned he’s an attention wh- lmao.