why not just raise income tax rates?
because your real intent is not to just “provide healthcare”.
you’re masking that you are proposing the creation of, for the first time in the 250 years of this American republic, an organized government seizure of private property from citizens.
you’re calling it a “wealth tax” or a “billionaires tax” or “millionaires tax” or whatever nom du jour polls well. but at the end of the day, it’s the seizure of private property from citizens by the government. citizens that earned money, paid their fair taxes on those earnings (53% if they live in California) and are now being told they need to hand over after-tax assets because the government has failed to provide promised services with the revenue it’s collected, and are now re-casting their own failure to be a socio-economic inequity that must be justly resolved... a slippery slope that has never gone anywhere good (see economic effects in USSR, Cuba, Venezuela, France and Norway wealth tax etc.)
the American founders fled tyranny in Europe and this amazing nation was populated by immigrants (myself and your parents) from around the world not just looking for a “better life” but for a place where they could have freedom from tyrannical governments that can take what they want from private citizens. a great nation borne of property rights, the rule of law, and endowed freedoms to believe, speak, or act. these principles led to the greatest run of innovations, successes, and widespread increase in prosperity, for all citizens, ever seen.
the citizens, the individuals, not the institutions, delivered this progress. those who invented, who toiled, who bled, who sacrificed, who took risk and persevered, who led, and who changed the world, are not charlatans, kleptocrats, or oligarchs. they’re what made us all better off. prosperity is a measure of america’s success, not its failure.
it is your principle that is so offensive, as evidenced by the broad disdain for your flippant flirtation with the darkest of human fantasy - socialism. you and other neo-socialists have led so many of us to reflect on America’s history and what it is becoming. that now leads so many to consider, so unnecessarily, leaving their homes for a place where everyone stands up to shout down the principle you suggest. because if your ideas are now considered moderate, it’s clear this titanic is sinking.
that a “simple tax” of taking assets that have been earned, through toil and tribulation, rightly taxed, and preserved, should now be unjustly seized, is your solution to a problem of obvious government mismanagement and outright fraud, tells us that your true motivation lies not in giving people healthcare but in cutting down success and deleting the system of prosperity and opportunity for all.
i don’t care, and neither should anyone else, what the sum total market value of a private citizens private assets might be. it is none of my business and should be none of yours. because, again, once you open that pandora’s box, we might as well study Lord of the Flies … there is literally nothing stopping 51% of citizens demanding that their government go out and seize 100% of the private property of the 49%.
want to give healthcare to people in need? do your job and fix healthcare. make it affordable. want to be lazy about it? then do your job lazily and raise income taxes.
want to take private property from private citizens who have paid their fair share of taxes and legally earned their property, then honestly declare that it is envy, not inequity, that you strive to resolve…
It is a strong core belief of mine that financial literacy is the only path to economic independence and well-being.
The more Americans that can be educated on this issue, the better.
It is a strong core belief of mine that financial literacy is the only path to economic independence and well-being.
The more Americans that can be educated on this issue, the better.
Galaxis is taking serious measures to strengthen tokenomics.
1️⃣ 250 million team tokens will be burned.
2️⃣ No team token distributions until Q3 2025.
3️⃣ 50% of the 5% revenue fee will go into GALAXIS buybacks.
A deflationary model backed by real product demand is the path forward.
🖊️This is an excellent chart on $OMIRA. The project is only 6 weeks old and hit ten million a week ago. Since then, we have seen a 60% retracement. You want to see these early in utility runs; it greatly helps with distribution and organic entries. @OmiraAI is shaping up to be a terrific fundamental project.
💹Once the project hit the 10 million MC psychological high, it sold off over the week and to its prior ATH, range POC, and the 0.382 fib. So long as BTC can bottom soon, I think the lows are likely in here. The current MC is 5.6 million. Let's see what happens.
✨$1B+ IN TOKENIZED REAL ESTATE IS COMING TO LUMIA ✨
Last week you voted and we heard you, now it's time to fulfill your request 📣
Tokenized commercial AND residential properties over MULTIPLE CONTINENTS, especially for Lumians🔥
By onboarding assets from @PropChainGlobal, Lumia supplies the market demands and proves why it's a leader in #RWA.
Lumia's scalability, liquidity, and innovation are making it possible to achieve NEW TIERS in the real estate market.
RWAs are now ONE STEP CLOSER to $10 Trillion💎
Come with #TheRWAChain and @PropChainGlobal. Become part of this growth💪
$LUMIA
🚨 Wallet reserves have just been lowered!
What does it mean for you?
- Now it costs 1 XRP to create a wallet
- Now it costs 0.2 XRP to set up a trustline
- Now it costs 0.2 XRP to create an offer on a DEX or NFT
- Now it costs 0.2 XRP per page of NFTs
Congratulations everyone.
It’s been almost a week since this incredible interview with our CEO went live, and it’s already at 45K views! 🥳
That’s absolutely amazing, #XRPcommunity!
If you haven’t seen it yet, you’re missing out big time���this is a must-watch! 🤑✨
Check it out now and let’s keep the momentum going! 💪⚡
#XRP #XRPL #XRPArmy
Holiday vibes are kicking in early at XPMarket! 🎄
Airdrops, farming rewards, and some awesome surprises. This is what the season is all about.
Why wait for December when you can dive in now? 🚀
👉 https://t.co/ZIwFjRfXzK
#XRPL#XRPCommunity#XRP