My last wealthy friend who just left London over insane taxes has to let go of 2 drivers, 2 house keepers. Personal assistant and personal chef. So 6 full time jobs just around their house gone.
The tax they paid is probably more per year, than the people who celebrate these increases and ALL their friends pay in their entire lives ……
But hey. Keep trying to put taxes up for the people who already pay the most tax….
@MichaelSLinden@kaileyleinz@JMathieuReports@BloombergTV Comical how you with a straight face say how Biden Harris economic folks don’t influence the Federal Reserve or play favorites, in light of the @custodiabank public lawsuit discovery findings. Immediate loss of credibility.
@MichaelSLinden Every startup I’ve ever worked for has been funded by wealthy individuals. Most pre-revenue startup employees are in fact funded by these wealthy individuals, who are clearly job creators.
@MichaelSLinden Incentives are a bit misaligned. Private filing products tout the ability to get the highest legally allowed refund, along with guaranteed audit help. It's fair for filers to question if govt filing products will provide the same value, thus justifying the private price paid.
@BBKogan@MichaelSLinden When interest rates were structurally low and interest not a large proportion of expenses, I'd agree with that approach. But it's at best debatable whether interest rates will be structurally low and interest expense a low proportion of expenses going forward.
@MichaelSLinden Wages are a flow, wealth is the stock. Keep focusing on taxes (tiny marginal flow) compared to the massive stock of money, and continue to completely miss the big picture.
https://t.co/u9ZHqppb1F
Has no one else noticed this from Q4 GDP report? Annualized interest on the federal debt now exceeds $1 trillion and is projected to breach $3 trillion, annualized rate, by Q4 2030 - INSANE and UNSUSTAINABLE:
🎙️Join us in this insightful episode of #BitcoinFundamentals where @PrestonPysh, together with @CaitlinLong_ of Custodia Bank and Wes Knobel delve into the innovative non-fractional reserve system, the challenges faced with the Federal Reserve, and the dynamic world of cryptocurrency banking.
This conversation offers a deep dive into the intersection of traditional banking, regulatory environments, and the growing influence of digital assets.
Key insights from the episode:
• How Custodia Bank is redefining traditional banking practices.
• The significance of Custodia’s approach to customer deposits.
• Insights into the Federal Reserve’s decision-making process.
• The implications of non-participation in fractional reserve banking.
• Caitlin Long’s expertise in banking risks and legacy systems.
• Wes Knobel’s perspective on financial innovation and regulation.
• The recent SEC approval of Bitcoin ETFs and its impact.
• The potential government intervention in cryptocurrency holdings.
• The importance of state laws in protecting digital assets.
• Predictions for the future of banking in the era of digital currencies.
Tune in to the episode: https://t.co/zbtcBNadYr
#Bitcoin #BitcoinCustody #Cryptocurrency #Banking
@andrewlevine@MichaelSLinden I use the word “greed” because it is a fundamental human emotion. I do not mean to imply 2nd jobbers are being greedy. Rather, in the 90s, perhaps the 2nd job was to play economic “offense” in good times, vs. today ppl may be playing “defense” w/ 2nd job to keep up w/ inflation.
@MichaelSLinden You won’t see a headline about this, but when individuals have to work multiple jobs to stay afloat, that’s an important qualifier to consider when counting and touting the gross number of jobs.
https://t.co/g1Ry9TtL4n