There's a feeling many Canadians have these days:
No matter how hard I work, I can't seem to get ahead or or earn what I could somewhere else.
What if we treat this as a fixable design flaw? Income Tax Reform could be the bold competitive lift the Canadian economy needs.
In our latest memo by @ycwest, we explore what it would take to unlock $100,000 federal income tax free for all Canadians.
In this case, ~88% of Canadians would no longer be required to pay federal taxes.
Of course, it would take immense political willpower to implement a reform this expansive and expensive, but it has the potential to put upwards of $140B annually back into the pockets of working class Canadians.
It's an idea worth exploring.
🔗: https://t.co/3hppUIKRER
Me watching the squad argue about the Bad Bunny halftime show waiting to shift the conversation towards the importance of AI data center development in space
Holy smokes. This is the arguably the most important full throated endorsement of crypto from TradFi world since Larry Fink. This guy is Mr RIA. Manages $300b for 1.3million clients. Tops the Barron’s list of America Advisors regularly.
Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.
The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime.
It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings.
The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.”
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.
The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.
IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.
The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.
The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department.
PROMISES MADE, PROMISES KEPT
President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept.
This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.”
I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.”
I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.
“I guess I’m the Grinch the way you dudes feel. I never heard of you, I guess that’s why you live in whooville”
That’s a generational bar. Kendrick says this and Twitter shuts down.
Will never cease to amaze me that these giga-settlements in tradfi happen, barely make news, and Elizabeth Warren doesn't call for all banking to be shut down because of how it's the medium of choice for money launderers
@TaprootWizards@josh_Rayner deserves Wizard #0489 because he's a VP of a Bitcoin Mining company and he's pro ordinals. More importantly it'll buy me some good will at work if he gets one.
AI alert! 🚀
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