#richgetricher — Public Fediverse posts

"John Pederson, 33, couldn’t work. The former Outback Steakhouse line cook was recovering from a car crash and running out of money. Kalshi, the prediction market, promised a quick way to fix that. He took out a variable-interest loan and started betting.

At first, it worked. Pederson turned about $2,000 into close to $8,000 by betting on daily snowfall totals in Detroit, where he lives. He parlayed that into $41,000 by trading on sports, using a strategy he developed with the help of AI, according to a Wall Street Journal review of his account records.

Then he placed his most audacious bet yet: All $41,000 that a celebrity would say a particular word on TV. He lost it all.
Pederson isn’t alone in walking away empty-handed from the bet-on-anything markets, which cover sports, celebrities, news and more.

Kalshi and its competitor Polymarket advertise themselves as life-changing tools for regular people—implying everyone has a fair chance to score. “I was about to be unable to pay my rent, but I got two years of rent through Kalshi’s predictions,” gushed one woman in a Kalshi ad on TikTok.

But for most users the reality is nothing like that.

Instead, casual traders are bleeding cash while a small number of sophisticated pros—including trading firms with access to vast streams of data—eat their lunch, according to a Journal analysis of platform data and interviews with traders.

On Polymarket, the Journal found, 67% of profits go to just 0.1% of accounts. That means less than 2,000 accounts netted a total of nearly half a billion dollars. The Journal analyzed 1.6 million Polymarket accounts that have traded since November 2022. There are at least 2.3 million total accounts on the site."

https://www.wsj.com/finance/investing/polymarket-kalshi-betting-profits-prediction-markets-eb23ac11

#Polymarket #Kalshi #PredictionMarkets #RichGetRicher

#richgetricher
#poorgettingpoorer
#composttherich

The average Wall Street bonus rose to a record high of nearly $250,000, following a bonanza year for New York City’s investment banking powerhouses.
Howyoudooin?
#richgetricher #poorhetpoorer #thankamaga #inflation #highprices #affordability #trumpdoesntcare

RE: https://masto.ai/@rbreich/116285092335401397

Monetizing the government.

#economics
#richGetRicher

RE: https://aus.social/@mojo/116226909359896424

Hmmm: “Just 10 of the country's wealthiest electorates account for a third of the national expenditure on the CGT discount, according to the analysis of tax data by the Australian Council of Social Services (ACOSS). And that comes at a cost of about $23.5 billion per year to the taxpayer.

"It’s clear this tax break funnels billions into the wealthiest parts of our cities and country at the expense of those doing it tough," the group's CEO Dr Cassandra Goldie said.”

#AusPol #CGT #CapitalGainsTax #inequality #richGetRicher #tax #ACOSS

A tale of two pairs of boots shows how the rich get richer in ways poor people simply can't

https://web.brid.gy/r/https://www.upworthy.com/boots-theory-why-rich-get-richer-ex1

About the US Economy

That's right, @czarbucks ! Before #SuzanneCollins' #HungerGames (2008), there was #StephenKing's (#RichrdBachman's) #TheRunningMan (1982)!

https://en.wikipedia.org/wiki/The_Running_Man_(2025_film)

#KillThePoor #RichGetRicher
#Oligarchy #DOGE #BigUglyBill
#SNAPCuts #ClimateChange #FoodShortages #TrumpSucks #TaxBreaksForTheRich

Rising Food Prices Are Likely to Continue, Thanks to #Trump’s Trade Wars

Wholesale prices on fresh and dry vegetables rose nearly 40 percent, and soon consumers will feel the pinch

By Peter Wade, August 17, 2025

"As wholesale and consumer prices have risen, so has the demand on food banks, which were already hit hard with shortages due to federal budget cuts earlier this year and actions at the so-called Department of Government Efficiency. The “One Big Beautiful Bill” congressional Republicans passed last month also cut Supplemental Nutrition Assistance Program (#SNAP) benefits by $186 billion, meaning more people may be turning to increasingly strapped food banks to make up for the loss in food assistance."

Read more:
https://www.rollingstone.com/politics/politics-news/rising-food-prices-trump-trade-wars-1235410245/

Archived version:
https://archive.ph/kvJTy

#KillThePoor #RichGetRicher #Oligarchy #HungerGames #DOGE #BigUglyBill #SNAPCuts #FoodShortages #TrumpSucks #TaxBreaksForTheRich

I'd say this tweet aged well... Unfortunately...

#KillThePoor #RichGetRicher #Oligarchy #HungerGames #DOGE #BigUglyBill #SNAPCuts #FoodShortages

Trump’s Big Ugly Bill Revisisted

It was A-OK for Ivanka to outsource her fashion line to China and Singapore... and it's A-OK for all this official MAKE AMERICA GREAT AGAIN/AMERICA FIRST merchandise to be made in China...

I cannot imagine WHY... #DOASISAYNOTASIDO #hypocrites #richgetricher #tariffswillneveraccomplishanythingthepissantsaystheywill #trumplicans #tarifftrump

"#DOGE wants businesses to run #US #government services ‘as much as possible’"

#MailDelivery

#Musk is going to have First Class Parcel Post (if not all mail) taken over by #Amazon and #JeffBezos

OK: don't know about urban ZIP codes, but in the rural (10K residents) ZIP code I live in, the #USPS is already doing last mile delivery for #AmazonPrime

An Amazon truck drops off Amazon Prime parcels at the PO back door and the parcels are carted inside and sorted into delivery routes carried out by USPS drivers

Big problem is, most USPS drivers will not leave their trucks to deliver to front doors - all Prime parcels are dropped atop the street-side mail box stands

But I don't have street mail delivery so I have to get into my car, drive to the Post Office, park, wait in line to get up to the counter, only to be handed a Prime order that UPS would have dropped on my doormat two days earlier

#RichGetRicher #Plutocracy #Corporations #Kleptocracy #Oligarchy #USpol #Law

"#DOGE wants businesses to run #US #government services ‘as much as possible’"

#MailDelivery

#Musk is going to have First Class Parcel Post (if not all mail) taken over by #Amazon and #JeffBezos

OK: don't know about urban ZIP codes, but in the rural (10K residents) ZIP code I live in, the #USPS is already doing last mile delivery for #AmazonPrime

An Amazon truck drops off Amazon Prime parcels at the PO back door and the parcels are carted inside and sorted into delivery routes carried out by USPS drivers

Big problem is, most USPS drivers will not leave their trucks to deliver to front doors - all Prime parcels are dropped atop the street-side mail box stands

But I don't have street mail delivery so I have to get into my car, drive to the Post Office, park, wait in line to get up to the counter, only to be handed a Prime order that UPS would have dropped on my doormat two days earlier

#RichGetRicher #Plutocracy #Corporations #Kleptocracy #Oligarchy #USpol #Law

"#DOGE wants businesses to run #US #government services ‘as much as possible’"

#MailDelivery

#Musk is going to have First Class Parcel Post (if not all mail) taken over by #Amazon and #JeffBezos

OK: don't know about urban ZIP codes, but in the rural (10K residents) ZIP code I live in, the #USPS is already doing last mile delivery for #AmazonPrime

An Amazon truck drops off Amazon Prime parcels at the PO back door and the parcels are carted inside and sorted into delivery routes carried out by USPS drivers

Big problem is, most USPS drivers will not leave their trucks to deliver to front doors - all Prime parcels are dropped atop the street-side mail box stands

But I don't have street mail delivery so I have to get into my car, drive to the Post Office, park, wait in line to get up to the counter, only to be handed a Prime order that UPS would have dropped on my doormat two days earlier

#RichGetRicher #Plutocracy #Corporations #Kleptocracy #Oligarchy #USpol #Law

"#DOGE wants businesses to run #US #government services ‘as much as possible’"

#MailDelivery

#Musk is going to have First Class Parcel Post (if not all mail) taken over by #Amazon and #JeffBezos

OK: don't know about urban ZIP codes, but in the rural (10K residents) ZIP code I live in, the #USPS is already doing last mile delivery for #AmazonPrime

An Amazon truck drops off Amazon Prime parcels at the PO back door and the parcels are carted inside and sorted into delivery routes carried out by USPS drivers

Big problem is, most USPS drivers will not leave their trucks to deliver to front doors - all Prime parcels are dropped atop the street-side mail box stands

But I don't have street mail delivery so I have to get into my car, drive to the Post Office, park, wait in line to get up to the counter, only to be handed a Prime order that UPS would have dropped on my doormat two days earlier

#RichGetRicher #Plutocracy #Corporations #Kleptocracy #Oligarchy #USpol #Law

"#DOGE wants businesses to run #US #government services ‘as much as possible’"

#MailDelivery

#Musk is going to have First Class Parcel Post (if not all mail) taken over by #Amazon and #JeffBezos

OK: don't know about urban ZIP codes, but in the rural (10K residents) ZIP code I live in, the #USPS is already doing last mile delivery for #AmazonPrime

An Amazon truck drops off Amazon Prime parcels at the PO back door and the parcels are carted inside and sorted into delivery routes carried out by USPS drivers

Big problem is, most USPS drivers will not leave their trucks to deliver to front doors - all Prime parcels are dropped atop the street-side mail box stands

But I don't have street mail delivery so I have to get into my car, drive to the Post Office, park, wait in line to get up to the counter, only to be handed a Prime order that UPS would have dropped on my doormat two days earlier

#RichGetRicher #Plutocracy #Corporations #Kleptocracy #Oligarchy #USpol #Law

#DOGE wants businesses to run #US #government services ‘as much as possible’

#ElonMusk’s effort is pushing #privatization — a longtime goal for #Republicans & for #SiliconValley alike — across #FederalAgencies

#Mail delivery. Federal #RealEstate. #ForeignAid grants. The #Trump admin is moving to privatize a sweeping number of govt functions & assets….

#RichGetRicher #Plutocracy #Corporations #Kleptocracy #Oligarchy #USpol #law
https://www.washingtonpost.com/technology/2025/03/30/doge-privatize-government-usps-trump/

#auspol #richgetricher #MidnighOil #petergarrett #bravo #ginarinehart #woodside

Albert Barnes, Presbyterian minister, comments on Jesus’s prescription for giving alms from Matthew 6:3-4. Secrecy pleases God, who will reward it, either here or in the life to come. They are lending to the Lord, according to the proverb.

Do not even liberal humanitarians believe this— as evidenced by all the posing with giant checks in tuxedoes and gowns, to get some kind of credit?

How can you give in secret?

#christian #richgetricher #stoptrafficking #preachit #progressive

Watch this to understand part of the concept behind modern consumerism; "conveniences that we can buy".

#consumerism #rbe #tradelesssociety #RichGetRicher #PoorGetPoorer #massmanipulation #sustainableliving #ecovillage #offgrid #communityliving

Australia's wealth gap is growing, with the richest 200 people becoming nearly three times wealthier over the last two decades compared to the national GDP. #wealthinequality #australia #economicdivide #richgetricher #auspol #inequality

https://www.sbs.com.au/news/article/getting-more-unequal-australias-wealth-divide-widens-as-the-rich-get-richer/0f7r7i7nc

2024: #People #Starve As The #RichGetRicher

During the last ten years, (which saw the 2008 #financialcrash, #Covid19 and the #Ukraine/#Russia conflict) the collective wealth of this tiny shiny gang has increased by 120%

#Women #Transgender #LGBTQ #LGBTQIA #SocialJustice #Wealth #IncomeInequality #LetThemEatCake

https://www.counterpunch.org/2024/05/24/2024-people-starve-as-the-rich-get-richer/

2024: #People #Starve As The #RichGetRicher

During the last ten years, (which saw the 2008 #financialcrash, #Covid19 and the #Ukraine/#Russia conflict) the collective wealth of this tiny shiny gang has increased by 120%

#Women #Transgender #LGBTQ #LGBTQIA #SocialJustice #Wealth #IncomeInequality #LetThemEatCake

https://www.counterpunch.org/2024/05/24/2024-people-starve-as-the-rich-get-richer/

2024: #People #Starve As The #RichGetRicher

During the last ten years, (which saw the 2008 #financialcrash, #Covid19 and the #Ukraine/#Russia conflict) the collective wealth of this tiny shiny gang has increased by 120%

#Women #Transgender #LGBTQ #LGBTQIA #SocialJustice #Wealth #IncomeInequality #LetThemEatCake

https://www.counterpunch.org/2024/05/24/2024-people-starve-as-the-rich-get-richer/

2024: #People #Starve As The #RichGetRicher

During the last ten years, (which saw the 2008 #financialcrash, #Covid19 and the #Ukraine/#Russia conflict) the collective wealth of this tiny shiny gang has increased by 120%

#Women #Transgender #LGBTQ #LGBTQIA #SocialJustice #Wealth #IncomeInequality #LetThemEatCake

https://www.counterpunch.org/2024/05/24/2024-people-starve-as-the-rich-get-richer/

2024: #People #Starve As The #RichGetRicher

During the last ten years, (which saw the 2008 #financialcrash, #Covid19 and the #Ukraine/#Russia conflict) the collective wealth of this tiny shiny gang has increased by 120%

#Women #Transgender #LGBTQ #LGBTQIA #SocialJustice #Wealth #IncomeInequality #LetThemEatCake

https://www.counterpunch.org/2024/05/24/2024-people-starve-as-the-rich-get-richer/

Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison and Mark Zuckerberg have doubled their dosh while the poorest people in the world - 60% of the world population - are more and more desperate and starving. And - oh, goody - business profits are soaring too https://www.theguardian.com/inequality/2024/jan/15/worlds-five-richest-men-double-their-money-as-poorest-get-poorer #RichGetRicher #PoorestGetPoorer #Capitalists

A quotation from Martial:

«««««
If you’re poor now, my friend, then you’ll stay poor.
These days only the rich get given more.
[Semper eris pauper, si pauper es, Aemiliane;
Dantur opes nulli nunc, nisi divitibus.]
»»»»»

Full quote, sourcing, notes:
https://wist.info/martial/38356/

#quote #quotes #quotation #economicjustice #plutocracy #poverty #richgetricher #wealth