Ro, “in your scenario, the founder could sell to pay a one time 5 percent tax or the state could sell it if he defaults on the loan”
Ro, this is the biggest fuck you in the history of entrepreneurship. Ever.
Creating jobs but don’t have cash. Fuck you
Can’t sell shares, we will sell it for you, to whoever. Fuck you.
Creating jobs. Paying great wages instead of taking cash out yourself. Fuck you
Reinvesting into your company and community. Fuck You.
Don’t you know that Jensen, and Lisa Su, and people who have vast amounts of liquidity already have no problem with it. Fuck You
There is a huge difference between someone with liquidity , running a huge public company, and someone who has dedicated every minute of who knows how many years, to building a company, to finally have a dream financing come true , only to be insulted by a politician. “We will sell your shares for you “
GTFO
Milton Friedman on why the U.S. leads the world in higher education but ranks very low in K-12:
“In higher education, the student chooses the institution, and the institution has to adapt to attract the student. In elementary and secondary education, the institution chooses the student, and the student has to adapt.
Choice and competition is what makes the difference. That’s the reason why we rank very high in higher education and very low in elementary and secondary education.
A universal voucher system would enable parents to have the right to choose the schools their children go to, to choose the school that’s better for their child.”
"Algunos izquierdistas creen que el mundo comunista funcionaría bien si la «gente buena» estuviera a cargo de él. No se dan cuenta de que, por definición, la gente buena no quiere controlar la vida de los demás"
Ludwig von Mises
They're not freezing your rent, they're freezing your housing providers' income, while their expenses keep increasing.
The point isn't to make your housing affordable, it's to make providing housing financially inviable, so government(s) can seize the unmanageable properties.
Our lack of financial literacy is going to destroy us.
https://t.co/Eix9fVp1BK
“A dying culture invariably exhibits personal rudeness. Bad manners. Lack of consideration for others in minor matters. A loss of politeness, of gentle manners, is more significant than is a riot.”
-Robert A. Heinlein
This is one of the best illustrations of what socialism (in any form) does to the poor. It promises a ladder of programs & benefits but can’t lift people out of poverty. No country on earth has made the poor better off under socialist governments.
“One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain.”
- Thomas Sowell
Milton Friedman: “I am not a conservative. I’ve never been a conservative. Hayek was not a conservative.”
“We are liberals in the true meaning of that term: concerned with freedom. We are not liberals in the current distorted sense—those liberal with other people’s money.”
Marx lived his entire adult life as a dependent. The capitalist system funded his "research" through Engels, whose family wealth came from textile factories. The irony cuts deep: capitalism's profits subsidized its most famous critic.
Marx never held a real job. Never met payroll. Never risked capital or faced bankruptcy. He spent decades theorizing about labor value while avoiding actual labor. His insights into production came from library books, not factory floors.
The parasitic intellectual tradition he spawned continues today. Academic Marxists collect taxpayer-funded salaries while denouncing the market system that creates the wealth they consume.
It's time to get rid of these people.
Congratulations to the Islamic Republic of Iran for understanding game theory. Eventually, you have to cash in on your leverage. Otherwise, it can be lost.
A blockade collapses Iran's imports to zero because there's no cash from oil exports to pay for anything. It sends Iran's currency into a devaluation spiral and the economy into hyperinflation. There's pros and cons to a blockade, but the pros dominate...
https://t.co/P8ylpTutU6
“But the curse of every ancient civilization was that its men in the end became unable to fight. Materialism, luxury, safety, even sometimes an almost modern sentimentality, weakened the fibre of each civilized race in turn; each became in the end a nation of pacifists, and then each was trodden under foot by some ruder people that had kept that virile fighting power the lack of which makes all other virtues useless and sometimes even harmful.”
-Teddy Roosevelt