Stephen A Smith & Wesson

Chip Zdarsky is a bootleg Brian Michael Bendis but his hair gives him superior writing prowess.

[Stephen A Smith & Wesson @FunnyBooksClub]

I feel like a lot of people are forgetting this is an adaptation...

[Stephen A Smith & Wesson @FunnyBooksClub]

@BruceColigan @ryangrim There are different tiers of rich. If you can't grasp this you don't need to be talking fiscal policy.

[Stephen A Smith & Wesson @FunnyBooksClub]

@DaBullSammy911 @intelFromBrian Havana syndrome?

[Stephen A Smith & Wesson @FunnyBooksClub]

@BonesAndEllie Hopefully he does his Sgt Rock movie next and goes full killing Nazis mode. Would be based af.

[Stephen A Smith & Wesson @FunnyBooksClub]

@CharlesHuntNews @esjesjesj You do not understand orders of magnitude at all

[Ryan Grim @ryangrim]

There are a lot of billionaires on this app who are obviously quite adept at making money, yet pretend they don't understand finance when it comes to the topic of a wealth tax.

It's impossible! It's too complicated! We'd love to do it but it's unworkable!

This is silly. Our financial industry has figured out how to turn the most abstract concepts into concrete financial products that can be traded in markets. We can obviously do this.

Let's say we have an annual 1% wealth tax. It could easily work like this:

Your shares in SpaceX or whatever are locked up and illiquid? Fine, just pay with 1% of those shares. No need to sell. You can easily create a financial product that is tied to those shares. Billionaires say they are afraid that they will have to pay a wealth tax on their assets and then their asset prices will go down, and they'll have paid a tax on wealth they no longer have. Fair enough! Just pay the tax with the shares themselves. If the price goes down, the government eats it, and you're no worse off.

What about an asset like a Picasso? Easy. You create a derivative product that is worth 1% of your Picasso when it is eventually sold. Before it's sold, the government can sell that product into a market and exchange it for cash, or hold it. What the govt would obviously do is create Billionaire Asset Backed Securities and sell them as financial products just like we do with mortgage-backed securities or any other asset-backed securities. Derivatives are not new.

The current problem we have is that billionaires own way too many assets in terms of homes and everything else. Because those assets themselves produce new income, they have to then buy more assets with that new income, which increases their price and endlessly crowds out the ability of normal people to own anything ever. That's why they tell you you will own nothing and be happy. They're certain of the former, don't care about the latter.

If regular people are ever going to get back into owning homes or other assets, billionaires cannot continue hoarding them all.

Quite obviously, a wealth tax is quite workable. The problem is billionaires just don't like it.

[🌊📼𝕖𝕝 𝕛𝕠𝕒𝕜𝕠📼🌊 @JoakoLeTRoll]

@SirBylHolte @SGrant1907 @samcristo @FunnyBooksClub the fact that one of the traits you said about Wonder Woman is "she loved her man" tells me everything about you

[Stephen A Smith & Wesson @FunnyBooksClub]

@DiscussingFilm

[Stephen A Smith & Wesson @FunnyBooksClub]

@PollTracker2024 Vote blue no matter who motherfuckers

[male slayer 𝜗𝜚 @caramelcolored]

“Anthony Fantano is harder on women and biased against women.”

Here is Anthony Fantano reacting to Gunna’s album.

[Stephen A Smith & Wesson @FunnyBooksClub]

@theneedledrop Is it good chat

[Stephen A Smith & Wesson @FunnyBooksClub]

My king the Cynical Historian. Please, if you have not, give their channel a look. They are a gem.

[CynicalHistorian .bsky .social @Cynical_History]

Alright cowards, counter notification incoming. As I said, the Daily Wire will have to sue me and even then, I'll rub their noses in their failure

[Stephen A Smith & Wesson @FunnyBooksClub]

Maybe I just didn't get deep enough into One Piece...

[Stephen A Smith & Wesson @FunnyBooksClub]

I seriously don't understand people who don't want more diversity in types of characters and stories. This is why I could never get deep into One Piece. It's great but it's kinda just more of the same. At least different Marvel/DC things have different tones between them.

[Stephen A Smith & Wesson @FunnyBooksClub]

@SirBylHolte @SGrant1907 @samcristo Because she's a different character?

[Stephen A Smith & Wesson @FunnyBooksClub]

Getting absolutely fried and looking at unhinged weirdos on comictwt while I wait for the dentist appointment to start. What a great day off lmao

[Stephen A Smith & Wesson @FunnyBooksClub]

@JasonsToddies @ericmcclung You can use class as a vehicle for commentary without it being classist. Depiction is not endorsement.

[Stephen A Smith & Wesson @FunnyBooksClub]

@JasonsToddies @ericmcclung I sincerely hope you understand how these two things are different

[Stephen A Smith & Wesson @FunnyBooksClub]

@smargopargo I don't think you're wrong to read it that way but I think it's more touching on the social upbringings and how they shape adolescent development.

[Stephen A Smith & Wesson @FunnyBooksClub]

Imagine Supergirl, whose family crest stands for Hope, not being an inspiring tale of repentance and rehabilitation.

[Stephen A Smith & Wesson @FunnyBooksClub]

@kitchen_derek I didn't say Nazi. I said reactionary, which accurately describes his political ideology. I didn't ascribe authoritarianism or bigotry. But it's telling that you filled in the blank yourself.