Josh Barro Profile picture
Sep 28, 2020 5 tweets 2 min read Read on X
Stop saying Donald Trump is “broke.” Does a broke guy have a private 757? Trump isn’t broke, he’s a rich guy with a high income who doesn’t pay nearly as much income tax as he should. nymag.com/intelligencer/…
If you see a tax document that says Donald Trump has no net income, you should take it seriously, but not literally. nymag.com/intelligencer/…
If you call Trump broke, he'll deny it, and most people won't believe you, bc look at him, he's rich. His best ratings in polls have to do with business/economy. But say he pays little tax on his high income, he won't deny it, and his refusal to release taxes will support you.
I think @mattyglesias has the right question for people who look at the Trump tax information and conclude he's broke because his golf courses lost so much money: If he's really lost $162 million running Doral, why hasn't he sold it or closed it? nymag.com/intelligencer/…
I guess you could say "because he's such a vain idiot." But that's a lot of vain idiocy, even for Trump. Seems likelier to me that he hasn't really lost $162 million running Doral.

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More from @jbarro

Mar 14, 2023
People complain about the subway in New York, and certainly it's experienced a decline in public order, but it's still basically a normal place. Whereas the last few times I've taken the subway in LA, it's been horrifyingly gross. latimes.com/california/sto…
This, of course, is a policy choice. Do we want people who can afford to be in a car to be willing to get on transit? Then you have to arrest people who commit crimes on the system.
The Red Line in LA also only runs every 15 minutes, even at rush hour. The system could be genuinely useful -- the traffic on the Hollywood Freeway at rush hour sucks. But they don't run enough service and they've let the conditions become squalid. It's sad.
Read 4 tweets
Feb 22, 2023
“There are whole TikTok trends dedicated to discussing this!”
Honestly if there was anyone to serve as an object lesson for the claim that phones and social media platforms are causing mental illness…
Not just portions of TikTok trends, *whole* TikTok trends
Read 4 tweets
Feb 12, 2023
People who haven't updated their takes on Medicare since ~2007/8 really need to. Health care cost growth has come in way below forecast & reforms have cut some costs. As of '07, Medicare was forecast to be 8% of GDP by 2035. Current forecast is under 5%. joshbarro.com/p/nineties-2-e…
Basically the cost trajectory of the Medicare program looks way less dire than it did, and the choices we need to make to make the program long-run sustainable -- on either the tax or spending side -- have gotten way more modest.
As for Social Security -- its 75-year actuarial deficit is estimated at 1.2% of GDP. It's easier to accurately forecast Social Security spending than Medicare spending. This is manageable with really any of: benefit cuts, tax hikes, and/or deficit financing.
Read 4 tweets
Jan 9, 2023
People are making fun of this, but a built in smart scale sounds useful (just add ingredients directly to the bowl and read the weight), and if it works correctly, the feature that automatically adjusts speed as the viscosity of the contents changes would be convenient, too.
Plus, KitchenAid is far and away the brand leader here. A KitchenAid stand mixer is a status symbol of a "serious" home cook. If you want to convince people your machine is differentiated, it might even make sense to take this gimmicky high-tech branding tack.
Read 4 tweets
Dec 22, 2022
@mattyglesias I’m still betting on gay
@mattyglesias Although it would help to know what kind of shoes
Read 4 tweets
Dec 2, 2022
We have some guest columnists coming in next week while I'm on vacation (and I think they're going to be really good!) but I suspect within a couple of years it'll just be possible to automate the newsletter when I'm away.
I think the chatbot is European
Read 6 tweets

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