C.J. G

Macro, Blockchain, SMB investing. Memeish sense of humor.

[C.J. G @CJGorrell]

Didn't expect this US is #2 in average wealth but #28 in median wealth. The largest disparity in this chart.

https://t.co/l1hXItoxVB

[C.J. G @CJGorrell]

It's not that income earners claiming they're living pay check to pay check are being absurd.

We live in a hyper financialized world. What isn't rented is financed at terms where the schedule of payments don't end until after the asset has lost most of its value, or the debtor is beyond their working years.

What they are expressing is a sensation that they do not feel they have or will reach a point of having ownership. Therefore they do not feel that they have control over their life.

[C.J. G @CJGorrell]

@adamtaggart

[C.J. G @CJGorrell]

@asanwal B

[C.J. G @CJGorrell]

@DBarnettMoncton

[C.J. G @CJGorrell]

Still calling May to be when the real shake up starts. Will I be wrong? 🤷

[C.J. G @CJGorrell]

Man May is going to be a wild month!

[C.J. G @CJGorrell]

Just listened to a large real estate investor get asked point blank if we are in a bubble. His answer?

"No"

But...

He is not buying real estate because because there are no good deals, and he is just buying treasuries and some equities until something changes. 🤔

[C.J. G @CJGorrell]

@texasrunnerDFW @elonmusk @tyillc

[C.J. G @CJGorrell]

The numbers speak for themselves.

The states that are failing and the states that are succeeding.

https://t.co/9TsAacxrz4

[C.J. G @CJGorrell]

@profplum99 @ProfSteveKeen Are you implying the soverign fund will also serve as a supplement to social security since dividends are paid out up until death?

Perhaps social security system gets extinguished with this fund in its place allowing further compounding of capital.

[C.J. G @CJGorrell]

In your model you propose "total_revenue = tax_labor_rev + annual_tax_rev + estate_tax_revenue; dividend = total_revenue / n_agents"

But in the article you mentioned, "a sovereign fund that receives estate tax revenue, invests it in U.S. government debt, and distributes the dividend on a smoothed, predictable schedule".

That's a more complex distribution schedule than your model.

[C.J. G @CJGorrell]

@profplum99 Required reading. So many people feel the problem pointed out here, but this is the first solution (of many proposed) that I can get behind.

[C.J. G @CJGorrell]

Makes a lot more sense to me than the @ProfSteveKeen jubilee solution. Still a lot to be worked out on how this dividend gets distributed and the secondary impacts it creates.

Does Q5 group go on drunken spending sprees as a result of 50% + estate tax, and does that still solve the solvency issue, or negate it?

[C.J. G @CJGorrell]

@TS_Secrets No single winner. Companies like Nextera and Intenseye are very active in the space.

[C.J. G @CJGorrell]

@lawyer4SMBs His son chose college BTW 🫤

[C.J. G @CJGorrell]

@chamath Apple is cash generating behemoth making a bet on a dot com era event. They will purchase their AI moat at a discount no one is currently expecting.

[C.J. G @CJGorrell]

@girdley (shaking his dice) Come on cheap energy!

[C.J. G @CJGorrell]

@great_martis