Either the AI bubble will pop, which will create a Great Depression-level market crash. Or the AI valuations will be justified, which only works if AI replaces a huge number of workers and we get massive unemployment. Either way, we are headed towards a monumental crisis.
Saikat Chakrabarti
@saikatc.bsky.social
Working on solutions as big as the problems we face.
I chatted with Gabriel Zucman about why we’ve got to vote YES on Prop 40 and the stakes of this proposition. The world is watching, and we have a chance to make a statement right here in California. Vote YES on Prop 40 Vote NO on Props 41 & 42
A terrible time to defund transit in the Bay Area. Vote YES on Prop H and the RTM.
Everyone arguing against the RTM tax fails to mention the inconvenient (for them) fact that BART relies MUCH LESS on taxes than pretty much any transit system in the country. 20-30% of BART is paid by taxes. 70-80% of NY Subway is paid by taxes.
It's truly amazing how little billionaires will feel a 5% wealth tax, and how huge of an impact it will have on Medicaid recipients.
BART is running low on funds because ridership plunged during COVID. Ridership is coming back faster than any transit agency in the country.
BART and Muni are both facing deficits of over $300 million, and if we don't fund our public transit, both are facing severe service cuts. Vote YES on the Regional Transit Measure to keep our public transit running.
There's a way to build more affordable housing and provide rent relief without raising any new taxes. And you can make it happen by voting YES on Prop C on November 3rd.
The poorest billionaire in California will make about $300 million this year. If we pass the CA wealth tax, he will only make $235 million. In exchange, millions of the poorest Californians will get health insurance. That's the tradeoff billionaires are not willing to make.
I asked @rokhanna.bsky.social why Gavin Newsom is opposing the California wealth tax. He didn't mince words: "Stop caring about your donors."
The whole world is watching to see if California can pass Prop 40 and tax the wealth of billionaires. This weekend in SF, the Curran Theatre was packed for a rally with @sanders.senate.gov and @rokhanna.bsky.social.
Rents in San Francisco have gone up faster than anywhere in the country. We have to build more housing.
We need more than some policies to regulate AI. We need to build the state capacity to understand and control this technology.
This op-ed from Katie Porter against the California wealth tax is so cynical, it's hard to imagine she believes a single word of it. She is saying that since Prop 40 doesn't fix every issue in our healthcare system, you should vote no. But the point of Prop 40 is to plug the gap Trump created!
I'm excited to endorse Eric Jones for Congress, because unlike the incumbent in California's District 4, Eric actually wants to invest in housing, healthcare and education here instead of spending trillions on endless wars abroad. If you're in CA-4, vote Eric Jones on November 3rd.
I know it's been a while, but here's what we've been up to and what I'll be doing next. Learn more about New Consensus and follow along on the journey through the links in thread.
Join us this Thursday for a volunteer thank you party to celebrate what we've accomplished together—and to look ahead at what's still to come. 📆 Thursday, July 16th ⏰ 7pm 📍800 Irving St.
@kainewkirk.bsky.social has a real chance to take down an AIPAC-backed establishment incumbent. Recent polling shows him tied with his opponent. Just like the recent people-powered candidates who've won all across the country, Kai can win too, but he’ll need our help to pull it off.
@kainewkirk.bsky.social’s race is coming up on July 21. I've known Kai for years, and he's always been on the right side. I'm excited to endorse Kai. His opponent voted for Laken Riley, voted against impeaching Trump, and his main donor is AIPAC. Donate to Kai: secure.actblue.com/donate/kai-n...
Donate to Kai Newkirk
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In addition to Connie Chan in SF, these are candidates I am supporting across the country, and they deserve your support too! Imagine if we got a bloc of progressives this large elected. Chris Rabb Claire Valdez Darializa Avila Chevalier Melat Kiros Cori Bush Analilia Mejia Brian Poindexter
I'm proud to back Connie Chan for Congress to represent San Francisco and plan to do everything I can to help her win. She is the only candidate in this race who takes no corporate money, who supports a wealth tax on billionaires, and who will vote to end all military aid to Israel.
A lot of Democrats talk about fighting Trump. Many tweet out against him, post memes, or call him names. But Thomas Massie & my Epstein Transparency Act is by far the most effective action in taking Trump on and breaking his coalition since he walked down the escalator. Even JD Vance admits that.
The campaign has ended, but the mission remains. We must wrest control of our country away from the corporations and back into the hands of people is still ahead of us. And the only force capable of doing that is a movement of people unlike any we have seen in generations.
Congratulations @hamawyfornj.bsky.social !! The movement to change the Democratic Party is growing. Look forward to working with Dr. Hamawy in Congress.
GREAT NEWS!! >> Dr. Adam Hamawy wins the primary in NJ-12, delivering a devastating blow to AIPAC's attempt to buy another seat.
Our volunteers and field organizers are currently knocking 5,000 doors an hour to make sure everyone votes today. This is the biggest field campaign in San Francisco history.
The most beautiful part of this campaign is the places you end up — from line dancing with the youth to dancing with aunties. Election day has been so fun, but the campaign is far from over. Make sure to vote before 8 PM tonight!
No matter what the result is tonight, I’m so proud of what we’ve built together. Being a part of a team like this is really a once-in-a-lifetime opportunity, and I’m never going to forget it. Looking forward to continuing this fight with you all, to November and beyond.
Over 500 volunteers showed up at 6 AM this morning to get the vote out. In 2 hours, we put up over 20,000 door stickers to remind people to vote. Over the last year, we've built the largest field campaign in San Francisco history, and it's beautiful to see it in action today.
Somehow our representatives never question how we fund a genocide in Gaza, but the moment we bring up universal healthcare or childcare, suddenly there's no money. In Congress, I'll call out that hypocrisy and vote for what the people actually need — because I'm not bought by foreign lobbyists.