B L Smith

[B L Smith @LeightinLife]

@dcookemonster @SussexTottenham Why can’t you? The top 1-2% of the country offer far more benefit to it than the bottom 2%… we should be doing more to encourage the former to invest and stay and that will also create more for the bottom 2%…

[B L Smith @LeightinLife]

How the money has actually moved, from tax filings and reporting:
• The first large piece was about $7.9 billion in 2024, transferred as a public stock grant to Pivotal Philanthropies Foundation, not as cash.
• Later filings show roughly another $2 billion, split as about $982 million each into two related vehicles (Pivotal Philanthropies Opportunities and Pivotal Philanthropies Momentum).
• Disclosed foundation gifts total about $10.8 billion. Pivotal has said the full $12.5 billion agreement is fulfilled. The gap is widely thought to have gone into Pivotal Ventures, her limited-liability company, which can make grants, investments, and advocacy moves and does not file a public Form 990.

So the money is being delivered in installments, largely as stock, into named foundations and an LLC she controls for philanthropic use. It is not a single wire of $12.5 billion sitting as spendable cash in a personal bank account.

I would not patronise or be sarcastic when you aren’t certain of something.

It was not gummy bears, nor was it cash but rather assets (stocks) which further backs up my point that they don’t have cash lying around to spend…

[B L Smith @LeightinLife]

• Capital gains tax rates on most assets rose immediately (from 30 October 2024) from 10% to 18% for basic-rate taxpayers and from 20% to 24% for higher-rate taxpayers. Residential property rates were already at 18%/24%. Business Asset Disposal Relief is stepping up from 10% to 14% (April 2025) then 18% (April 2026). Carried interest (private-equity performance fees) moved to 32% and is being brought inside the income-tax framework.
• The non-domicile regime ended from 6 April 2025 and was replaced by a residence-based system. New arrivals get four years of relief on foreign income and gains; longer-term residents are taxed on worldwide income and gains as they arise. Inheritance tax also shifted to a residence test (broadly 10 of the previous 20 years), ending the permanent sheltering of foreign assets in offshore trusts for long-term UK residents.
• Inheritance-tax nil-rate bands (£325,000 and the residence nil-rate band) were frozen until April 2030. Unused pension pots are brought into the inheritance-tax estate from April 2027, and agricultural/business property relief is capped (with 100% relief only up to £1 million).
• VAT was applied to private-school fees from January 2025.
• Budget 2025 introduced a high-value council-tax surcharge (“mansion tax”) in England: an annual charge starting at £2,500 on properties over £2 million and rising to £7,500 on those over £5 million. It also raised the tax rates on dividend, savings and property income by 2 percentage points.
• Income-tax and National Insurance thresholds were frozen for a further three years (to 2030–31). This fiscal drag pulls more people into the higher-rate (40%) and additional-rate (45%) bands; the Office for Budget Responsibility projected that roughly one in four taxpayers would be paying higher or additional rates by the end of the period.

Stop just taxing people more and incentivize growth which will in turn bring in more tax because we will have larger businesses here and people investing into the UK and domiciling their money and assets in the UK…

Stop using any taxes recieved on people that are claiming it fraudulently or out of work because of minor ailments that are exaggerated…

[B L Smith @LeightinLife]

Do you think he’s got billions in his bank account?

Billionaires are billionaires because of assets Matty… somebody could plausibly have billions in assets but have very minimal expenditure, whilst unlikely.

It’s so ridiculous thinking so plainly that they just have billions of £ to spend like the layperson does…

[B L Smith @LeightinLife]

@SWills1990 @Burnley133 Right so he is leaving because policy changes and policy changes have happened.

What does his previous wealth gain have to do with the tax policies of the future Simon?

[B L Smith @LeightinLife]

Don’t tax the wealthy to a point where there is no incentive to stay in the UK or invest in the UK.

Ironically, taxing them more means that the gov’t does actually have to tax the people who have fuck all.

This is the problem with the whole argument that happens in EVERY heavily socialist/ communist countries. The people that can leave, do leave, and guess who has to make up the tax that has left the country? 🙃

[B L Smith @LeightinLife]

So the concept is that they continue to drive investment and wealth in the economy so the more money they bring in may be taxed less but more is gained.

50% of £1 million generates £500,000 in tax revenue but also cripples a company being able to reinvest money into their company to grow…

10% of £5,000,000 is the same amount but the idea being that the company can continue to grow and so over 15 years, the tax brought in will be multi-millions, especially if the company thrives vs the former example where the company ceases to exist after 3 years because they are crippled by tax obligations…

I suppose your argument will be ‘they wouldn’t even pay the 10%’ but you say this anyway, what’s the point in taxing billionaires more if they don’t pay it in the first place according to you?

[B L Smith @LeightinLife]

@BenGrahamUK @David9Points @garyseconomics Which everybody was saying when he was pushing his agenda.

He managed to convince the idiots to pursue it and ironically, it ends up that the turkeys voted for Christmas.

[B L Smith @LeightinLife]

@Keetaaahhh I have no idea 😁😁😁😁😁😁😁

[B L Smith @LeightinLife]

@AltcoinSensei @grok what is ‘Quantum BTC’?

[B L Smith @LeightinLife]

@Crypdhotho @rocketdoc_eth I also am paranoid about things like this.

Use the link on @ribbita2012’s profile and then bridge like 50 tokens, if that gets there, the rest will be fine.

[B L Smith @LeightinLife]

‘Hey, can I get a water please?’

After such chaos, it’s hardly implausible to ask for a water after such and incident or it could have been sealed previously and he only just opened it.

There are several explanations for why that is still like that but your JDS must be kicking in.

[B L Smith @LeightinLife]

@heat Not FUD by any means but I think we should be more excited if this continues over the next week or so when the immediacy of the launch wears off.

If it can maintain 60-75% of this then it’s looking very good.

[B L Smith @LeightinLife]

@RonyToThePoint And the plane missing half of it’s tail wing? Mossad quickly ripped it off after it landed with their invisibility cloaks that only work to stop goys seeing them?

[B L Smith @LeightinLife]

@Altcoinist @vladtenev @ribbita2012 @vladtenev just a little hop needed 🐸

[B L Smith @LeightinLife]

Jokes aside, it’s simply that people don’t know it’s the top. They buy it, expecting the rally to continue and then when it drops, they see half their money disappear and don’t want to invest any more because it could keep dropping.

It’s an obvious psychological trade but difficult to execute for many people I guess.

[B L Smith @LeightinLife]

@Kylechasse I bought at the top with my capital that I had, like a moron with severe FOMO but, I shall not sell!

[B L Smith @LeightinLife]

@hainhiemtu1985 @nutcha_nj How did $Shredn go? Did Vitalik buy any?

[B L Smith @LeightinLife]

@hatworthier @base @RobinhoodCrypto So the new supply will essentially on be what people bridge over? Could end up from a 1 billion supply to like 300m.

I need to migrate mine but only like 20-40k tokens.