Antony Davies (@antonydavies) / X

Antony Davies

5,738 posts

Antony Davies

@antonydavies

Economist, speaker, author. Co-host of the Words & Numbers Podcast. Senior Fellow at Polyhymnia. Adjunct Scholar at Cato Institute.

United States

Joined March 2009

Antony Davies
@antonydavies
Feb 1, 2019
The 550 US billionaires together are worth $2.5 trillion. If we confiscated 100% of their wealth, we'd raise enough to run the federal government for less than 8 months. Perhaps our problem isn't how much billionaires have but how much politicians spend. @SenSanders @AOC
Antony Davies
@antonydavies
Jun 15, 2022
Price controls don't fight inflation. They transform inflation into shortages.
Antony Davies
@antonydavies
Oct 3, 2021
As of April 2021, US billionaires were worth $4.6 trillion. If we confiscated all their wealth, we'd raise enough to pay for 8 months' of the federal government's 2021 budget. Our problem isn't how much billionaires have, but how much politicians spend.
Antony Davies
@antonydavies
Nov 1, 2023
Replying to @ScottAdamsSays
1. Cut the budget 10% across the board. 2. Hold federal spending constant for six years. 3. Thereafter, increase federal spending not faster than GDP growth. 4. In around 100 years, the economy will have grown enough to make the debt irrelevant.
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Antony Davies
@antonydavies
Nov 1, 2023
Replying to @antonydavies and @ScottAdamsSays
Economically simple. Politically impossible.
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Antony Davies
@antonydavies
Dec 22, 2020
Congress just passed a $900 billion stimulus package, which includes $600 stimulus checks. For $900 b., Congress could have paid $7,000 to each household, or around $30,000 to each household that suffered unemployment. Tell me again how government is "what we do together."
Antony Davies
@antonydavies
Mar 28, 2020
There are 210 million US adults. If each received the maximum stimulus check of $1,200, the stimulus would have cost $250 billion. The total cost of the stimulus is $2.2 trillion. So, for every $1 spent on taxpayers, another $8 goes to businesses and politicians' pet projects.
Antony Davies
@antonydavies
Jun 28, 2019
Four hours and not one of the 20 candidates talked about Social Security's insolvency, the $22 tr. debt, or the $40 tr. in promised Medicare benefits the government can't afford. But all 20 talked about spending even more money. #WordsAndNumbers #DemDebate2 #DemDebate
Antony Davies
@antonydavies
Sep 15, 2019
Corollary: You can't call yourself a presidential candidate if you say you're going to impose a mandatory buyback. Either you follow the law and propose a Constitutional amendment, or you're an irresponsible dupe who has no business holding public office.
Antony Davies
@antonydavies
Aug 20, 2022
Replying to @ewarren
President Biden can lift a huge weight off tens of millions of Americans’ shoulders and place it firmly on the shoulders of tens of millions of other Americans. "Canceling" student debt means forcing people who didn't go to college to pay for those who did.
Antony Davies
@antonydavies
Jan 29, 2020
“Forgiving" student debt really means forcing people who didn’t go to college to pay for those who did, and forcing people who scrimped and saved for college to pay for those who didn’t. @JamesRHarrigan @ewarren insidesources.com/the-reality-of…
Antony Davies
@antonydavies
Nov 30, 2019
Capitalsplain (Verb): when someone who grew up under the benefits of capitalism explains to a refugee from a socialist state how good a system socialism is.
Antony Davies
@antonydavies
Nov 27, 2024
Things for which to be thankful... Today's middle-class looks a lot like 1924's one-percenters. And today's poor look a lot like 1924's middle-class.
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Antony Davies
@antonydavies
Aug 25, 2022
If a student was to pay back $10k and now isn't, we either: will receive $10k less in govt services than we would have, or will pay $10k more in taxes than we would have, or will endure $10k more worth of inflation. The govt hasn't forgiven loans. It has forced us to pay them.