Jimbob

#bitcoin

[Daniel Priestley @DanielPriestley]

Today the UK government will try to tell you that taxing people at record high rates is noble, sound and benevolent.

They’ll frame it as rich people pulling their weight to support those who aren’t so fortunate.

What they won’t tell you:
- £128Billion of tax money is going to service government debt. This money gets paid to anyone who holds UK bonds; typically other governments, High Net Worth Individuals, etc. In a very real way, our taxes go to paying passive income to the rich.
- Servicing debt costs more than double the UK defence budget (£55B) and £20B more than education.
- We are in debt because the government had a massive knee-jerk reaction in 2020. They borrowed tens of billions for stuff that has no residual value - we have 300M shots, an IT system that is now worthless, extended waiting lists on the NHS from lockdowns and the residual costs of the furlough scheme.
- In a very real way, we will pay billions to China who holds UK bonds and we got in debt because of something that leaked out of China.
- The debt servicing will not go down. Government never pay back their loans they just service greater and greater amounts of debt in the hope the economy will grow. They saddle us with debt and then we have to come up with new ways to pay it and then they claim a victory that debt to GDP ratios have improved.
- When they tax us more, they use our taxes to apply for more debt. As soon as these new taxes are approved @Keir_Starmer can head across to the BoE and apply for more loans - and that is exactly what he will do.

Don’t buy the sob story about the richest having to send money to the poorest. The reason the UK taxes are so high is because the government debt is so high. We borrowed for a bunch of useless stuff and now we have to service the interest payments. Our taxes go directly towards paying passive income to rich people, rich companies and other countries that hold UK bonds.

[Dilly Hussain @DillyHussain88]

Muslim elders visited the Clumsy Swan in Birmingham last night to apologise to the staff for Muslim youths attacking a customer who they believed was a far-right rioter.

[Elon Musk @elonmusk]

The proscriptions of Marius led to the proscriptions of Sulla

[Byzantine General @ByzGeneral]

$COIN looks like an altcoin that's about to start its second parabola.

[Bugman Hegel @FedPoasting]

This is wild

[K A L E O @CryptoKaleo]

Gary Gensler and the SEC just lost a multi year war against the king of alts, which opens the door for billions of dollars of investment into the ecosystem and progress / precedent for other alts winning the same battle, and some people are still bearish? Ngmi

[Watcher.Guru @WatcherGuru]

JUST IN: 🇬🇧 #Bitcoin and Ethereum ETPs approved for listing on the London Stock Exchange.

[Fabrizio Romano @FabrizioRomano]

🔴⚪️ Arteta to Arsenal fans: “All this is happening because you started believing. You were patient”.

“All the credit has to go to the players and the staff. They are unbelievable”.

“But don’t be satisfied. We want much more than that - and we are gonna get it!”.

[Elon Musk @elonmusk]

Prosecute/Fauci

[Senator Cynthia Lummis @SenLummis]

We are so ₿ack.

[Abhishek Murarka 💹🐂 @abhymurarka]

Remember, the fastest growing company in the world makes ppt like this. Don't overspend time on Canva and ppt designs.

[ZeroLend @zerolendxyz]

$ZERO's new home. We'll be one of the biggest DAOs on Linea.

@LineaBuild 🤝

[Kamil Galeev @kamilkazani]

Contrary to the popular opinion, Andrey Belousov's appointment as a Minister of Defense makes perfect sense. From the Kremlin's perspective, war is primarily about industry & economy. Now Belousov is the central economic & industrial thinker (and planner) in the Russian gov.

[Visegrád 24 @visegrad24]

Singapore’s Prime Minister Lee Hsien Loong explains why he will never allow to allow Western wokeism take root in Singapore.

The spirit of Lee Kuan Yew lives on…

[cagy | youtube/cagyjan @cagyjan1]

If $PIXEL doesn’t reach $10 this bull market I will cut my 🍌dick again.

800k DAU, 4.5 million pixel tokens (2M$) spent in game in the last 30 days.

[Їne Back Їversen @IneBackIversen]

🇬🇪 World, are you still watching? Tonight might have just been the biggest gathering of Georgians marching in Tbilisi against the russian violations and law infiltrating the Georgian government! Please watch, share, stand with the brave people of Georgia!🇬🇪 #NoToRussianlaw

[Elon Musk @elonmusk]

How the Federal Reserve works