Allen Shahan

Iowa State University- Mathematics and Finance. Spreading smiles like they're herpes

[Allen Shahan @AllenShahan]

To my mom & dad: If I fail out of college, this is why. I can't understand any of my professors.

[Nelson Brands @nelson_brands]

And three $5 bets on Iowa Football got me BANNED???

[Big Cat @BarstoolBigCat]

https://t.co/YXbxe3wpOM

[Collin Carrithers @c_carrithers33]

I asked Alvaro Folgueiras about noticing that Nebraska had only 4 players on the court when he received his cherry-pick-slam-dunk

"I'm from south Spain...we are known by being a little more, life-smart than some other places"

#MarchMadness

[Chris Williams @ChrisMWilliams]

Otzelberger addresses rumors.

[Chris Hassel @Hassel_Chris]

This is the greatest I’ve felt about a win for any of my teams since I was a kid

[Chris Hassel @Hassel_Chris]

THE GAME WINNER!!

[Dave Portnoy @stoolpresidente]

How big are the hoops in the Iowa state vs Arizona game! Holy shit. Incredible shot after incredible shot after incredible shot after incredible shot. Nobody missed. Amazing.

[Chris Hassel @Hassel_Chris]

An absolute ALL TIMER. Iowa State is a 2 seed and there is not argument to be made against it.

[Chris Hassel @Hassel_Chris]

This has been one of the best CBB of the year

[Jake Brend @JakeBrendTV]

We’ll always have the memories.

[david friedberg @friedberg]

California started with the Gold Rush and might end with the Golden Exit.

it has been underreported how much wealth has left CA because of the asset seizure tax being proposed.

a private poll was conducted amongst affected individuals a few days ago and 80-90% surveyed said they have already left CA in 2025 or will leave in 2026 if the ballot measure looks likely to pass.

$2-2.5T of assets gone, representing about $20B of annual revenue for the state government. and likely hundreds of thousands of jobs now at risk.

less reported is the bigger exodus underway from folks who are NOT directly affected but worry (as they should) that this law will quickly transition from billionaires to everyone else...

the initiative actually gives CA legislators the right to take anyone's post-tax assets anytime in the future based on a majority vote. this isn't about billionaires. it's a new "tax system" that simply destroys private property rights in America.

all private property is now public property.
even after paying your taxes, it's not legally your property anymore. it's the government's, you're just borrowing it.
legislators will decide what you get to keep and temporarily use each year.

countless founders, CEOs, and other business leaders are actively looking to move their companies out of state. not just tech, not just AI, not just billionaires, but the core engine of California's prosperity since 1847 is unraveling.

and here is how this initiative risks unraveling America:
- ~10 states have explicit or implicit prohibitions against an asset seizure tax...
- individuals affected in CA (and other states trying to do the same) will move to these states that endow private property rights.
- CA already has a $20-30B annual budget deficit, an unfunded ~$1T pension liability for public employees/unions, and $500B of debt outstanding. the state can not afford to borrow much more and will launch more asset seizures to meet its obligations.
- asset seizures will first transition to "millionaires" and eventually to the entire middle class as more asset seizures drive more people to leave the state.
- the deficit, debt, and job loss will spiral. the Golden Exit.
- no US state has ever declared bankruptcy. in addition to CA, dozens of other states face similar fiscal crises - legislators promised future benefits that can't be paid or theft and waste have been allowed to run rampant and unabated for years.
- struggling states will eventually request federal government assistance, as they always have in times of fiscal crisis, effectively "federalizing state debt".
- states not in crisis will declare "enough is enough", individuals in those states will refuse to pay their federal taxes (why pay for other people's mistakes?), some states may try to secede from the Union, and a constitutional and civil crisis will erupt.

this may seem far-fetched but it is the obvious domino effect of selectively deleting private property rights for some people in some states.

i am not a billionaire and this CA bill does not affect me, but i care about the country and the state of CA. i want both to thrive. it's obvious that there are people in CA in desperate need of support and assistance, and inequities may exist that need to be rectified, but eliminating private property rights is the wrong path for everyone.

a few alternatives to consider first:
1) with a $350B annual budget, CA can cut programs that result in theft and little-to-no benefit for citizens. $50B per year is likely recoverable.
2) if more taxes are needed, tax loans against unrealized capital gains (very few objections will arise), eliminate tax-free rollover of certain appreciated assets (real estate industry will fight), create a step up in basis on inheritance (some will fight but most will support). likely $10Bs of incremental revenue can be realized.
3) restructure all public retirement programs from Defined Benefit to Defined Contribution. eliminating the unfunded retirement liabilities ($1T+) will be the release valve on the future the state so desperately needs.

we must address what ails us without dividing and destroying our state, our nation, our home.

ignore the rhetoric, these are the facts.

[Ryan Hammer🔨 @ryanhammer09]

CBB Four Factors chart

Positive TO & OReg margin = giving yourself more chances than your opponent to score.

🟢 best of the best
🟡 offensively elite systems
🟠 playing ‘the right way’ but need to score better

Data via @CBBAnalytics

[Chamath Palihapitiya @chamath]

Can’t have kids because you can’t afford daycare.

Can’t afford daycare because most of the money is actually given to imaginary daycares, resulting in fewer spots and higher prices from the few real ones.

It doesn’t have to be this way.

[Chris Hassel @Hassel_Chris]

This could be the largest home loss for a #1 ranked team all-time. According to @CBSSports research a #1 ranked team has never lost at home by more than 20.

[David Sacks @DavidSacks]

And we need the brilliant and talented @VivekGRamaswamy playing a major major role in the next administration.

[Big Cat @BarstoolBigCat]

Brock Purdy Him?

[Cyclone Larry @CycloneLarry69]

STOP THE COUNT!

[Adam Herman @AdamZHerman]

I am no longer impressed that Nicholas Cage managed to steal the Declaration of Independence.

[Pat McAfee @PatMcAfeeShow]

This is one of the most disgusting things I’ve ever seen.

[Allen Shahan @AllenShahan]

@geraldisreal_ I wonder whose job it’s gonna be to take that outta the toilet lol