Reminder that wealth on paper is just that, a piece of paper. Until that paper is converted to products, services, or real estate, it is not taking away scarce resources from everyone else.
Today is a great example of why taxing unrealized gains is insane.
If Musk had to face a massive tax bill for paper gains from taking SpaceX public, he likely wouldn't have done it, and the wealth SpaceX creates would be more concentrated in his hands.
UK soccer people on Twitter like "Americans just don't get it, oi? All their soulless corporate stadiums with indoor plumbing will never have the aura of 8,000 packing the terraces of Old Shittingdon for a nil-nil match, slipping on each other's vomit and singing Georgie Girl"
Introduce yourself with 10 bands you've seen live:
David Bowie
Elton John
Midnight Oil
Fishbone
U2
George Clinton/P-Funk
Replacements
R.E.M.
Prince
Paul McCartney
Rolling Stones
At Ellis Park, South Africa, 30,000 more people are admitted to a football game than there are tickets, causing a crowd crush.
150 people are injured and 43 people are killed, all on live television. It is the worst stadium disaster in South African history.
@ProjectLincoln@TheRickWilson You will let it go away, once it loses its effectiveness as a political cudgel against Trump. That's the only reason you care about it.