1. Nick Saban told yall
2. Yall laughed when Indiana’s older players embarrassed Bama & others last year
3. Nick Saban went to Capitol Hill to fight against this & yall said he was whining
4. Enjoy whatever comes next.
The California wealth tax is not on income…
It’s 5% of your net worth.
It’s state seizure of private assets.
This is now on the ballot and likely to pass.
Realize where we are.
This is the federal income tax play all over again.
It started in 1913 as a “class tax” on the rich, hitting less than 1% of the population with a 1% rate above $3,000.
It expanded during WWII into a mass tax on most workers through withholding, skyrocketing rates, base broadening, and bracket creep to fund wars and spending.
The wealth tax will follow the same trajectory.
@chamath@jonfavs “The rich can afford it” argument only highlights how little understanding most have of where their money actually goes. Spoiler: it isn’t roads, parks and teachers.
What is happening in crypto?
Since October 10th, crypto markets are now down -50%, erasing $2.2 TRILLION worth of market cap.
Bitcoin has officially erased ALL of its post-election rally, now down -10% since Trump's election.
Why is it crashing? Let us explain.
(a thread)
What’s interesting is Trump promised to be the crypto President and it was a key driver to him winning the election.
When was the last time you heard Trump mention Bitcoin or crypto?
It’s been months.
Meanwhile metals have soared during his term.
How ironic
@spacanpanman @MuzLM_Trader @_El_Profesorr Hate to burst your bubble, but 50% of EV commercial truck / last mile truck / car / van, etc. companies have “orders” from Amazon. Investor or not, they’re casting a wide net. Let’s see the revenue first before we use that as a trumping criteria comparing these companies
SoFi & Galileo are building an impenetrable moat within Fintech.
After spending the past month studying Fintech trends and SoFi's recent Q1 results, here are my findings.
10 reasons why both companies are well positioned to capture a major share amongst giants like $SQ & $PYPL