Unrealized gains tax for Gen-Z:
You buy a Pokémon card for $50.
Someone offers you $500 for it. You say no. You love that card. You're keeping it.
The government says: "Cool, but that card is worth $500 now. You owe us $100 in taxes."
You: "…I didn't sell it."
Government: "Don't care. Pay up."
You don't have $100 lying around. So you're forced to sell the card you love just to pay a tax on money you never received.
Next month? That card drops back to $50.
Your card is gone. Your money is gone. And the government shrugs.
That's a wealth tax on unrealized gains. They don't pay you back the tax...
Now picture this.
Your mom calls you crying. She has to sell the house she raised you in. Not because she can't afford it. She's lived there 30 years. It's paid off.
But some website says it's worth more now and the government says she owes $15,000 she doesn't have.
So she sells your childhood home. The kitchen where she made you breakfast. The doorframe where she marked your height every birthday.
Gone.
To pay a tax on money that was never real.
Now picture the opposite.
Your dad put everything into his small business. For 20 years he built it from nothing. One year the business is "valued" at $2 million on paper. He owes a massive tax bill. He empties his savings. Sells his truck. Borrows money. Pays it.
Next year the market crashes. His business is worth $200,000.
He lost everything to pay a tax on a number that doesn't exist anymore.
Does the government give him his money back?
No.
Does the government give him his truck back?
No.
Does the government care?
No.
They sold this idea as "taxing billionaires." But billionaires have armies of lawyers, offshore accounts, and trusts. They'll be fine.
You know who won't be fine? Your mom. Your dad. Your neighbor with a small business. The farmer down the road who's had the same land for four generations and now has to sell it because dirt got expensive.
You're not taxing wealth. You're taxing people for owning things.
It's like getting a parking ticket for a car you might drive somewhere someday.
They want you to own nothing and be happy. To fund the fraud, waste and abuse of the welfare state they created.
There is enough money. More tax isn't needed. It's all a lie. But you've been gaslit into believing this is a rich vs poor debate.
I hope you understand what's at stake.
I hear from many young men that they find it difficult to meet young women in a public setting. In other words, the online culture has destroyed the ability to spontaneously meet strangers. As such, I thought I would share a few words that I used in my youth to meet someone that I found compelling.
I would ask: “May I meet you?” before engaging further in a conversation. I almost never got a No.
It inevitably enabled the opportunity for a further conversation. I met a lot of really interesting people this way.
I think the combination of proper grammar and politeness was the key to its effectiveness. You might give it a try.
And yes, I think it should also work for women seeking men as well as same sex interactions.
Just two cents from an older happily married guy concerned about our next generation’s happiness and population replacement rates.
If this is not a wake up call, then what is?
Moody's just downgraded the United Sates' credit rating for the FIRST time in history.
The reason: An unsustainable path for US federal debt and its resulting interest burden.
Moody's notes that the US Debt-to-GDP ratio is on track hit 134% by 2035.
Federal interest payments are set to equal ~30% of revenue by 2035, up from ~18% in 2024 and ~9% in 2021.
Furthermore, deficit spending is now at World War 2 levels as a percentage of GDP.
The US debt crisis is our biggest issue with the least attention.
#TesticularCancer is no joke. So, this morning we took the #ballstowallst to raise awareness for @TestesCancer during testicular cancer awareness month. 🍒
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Massachusetts stands to lose almost $1 billion in annual revenue by 2030 as high taxes push wealthy residents to move elsewhere, per Bloomberg.
More than 96,000 residents making a combined $19.2 billion in adjusted gross income are set to leave the state annually by 2030.