Corporation: "We made $4B but spent $3.9B so we only owe taxes on $100M."
Government: "Totally reasonable."
You: "I made $60K but spent $58K on survival."
Government: "You owe taxes on $60K."
You: "That's not—"
Government: "File by May 15."
@WolfofX CPR training should be mandatory every year in school. Probably twice a year. Of course adults out of school should be encouraged to do so. You never know when you'll need it. Knowing "Stayin' Alive" is just not enough.
This tweet has over 1.6 million views now.
Thank you to everyone who helped spread the word about my move and launching the new site. This is exactly what I meant when I said let's do this together.
https://t.co/hDT0JDfmfa
Just two days into leaving The Athletic to launch my own site for Twins coverage, we've already blown past even my most optimistic long-term subscriber goals.
I'm overwhelmed by the support. Keep it coming and we can make this sustainable for a long time: https://t.co/osUsyR3GwG
You can drive a hummer, in the summer. You can EVEN drive the ladies, in my mercedes. BUT you can’t drive my truck 💗 New song Dirty Rosie coming this Wednesday. https://t.co/PZIVuRpICZ
“Denver had the chance to pick who they wanted to play…
They chose us. And we used that as motivation all the way through preparation and through the series.
They chose us. They didn’t have to choose us. They chose us.”
- Chris Finch
@CheyCab@mldiffley 45 here. Was 20+ years in union construction, tired of the inconsistent hours, drive time, bs from the office and the GC to working 40 hours, helping patients at the big clinic in SE MN.. Less pay but no longer breaking my body for the owner's 3rd lake home..
“People always ask me, who was the best 2B at turning the double play? Steve Lombardozzi was the quickest I ever played with.” ~ Kent Hrbek
Lombardozzi turns 66 today.
Warren Buffett, in his first sit-down since stepping down as Berkshire CEO, gave the cleanest indictment of legalized gambling in a decade. He called it a tax cut for the wealthy. The math proves him exactly right.
Americans wagered $165 billion at legal sportsbooks in 2025. They lost $16 billion of that. FanDuel pulled $6 billion of the losses. DraftKings pulled $5.3 billion. Every state with legal mobile sports betting collected a tax on the bettor side. New York alone took in over $1.2 billion in 2025 sports betting tax revenue.
Layer the lottery on top. State lotteries generate over $90 billion a year. The bottom half of income earners account for roughly 70% of total spend. The average lottery player makes $38,000. A household earning $20,000 spends three times more on tickets than one earning $30,000. The implicit tax rate, meaning whatever the state keeps after prizes, runs 30 to 50% depending on the game. No other revenue source in America has that base and that rate.
The structural design is the engine. A single straight sports bet carries a hold of 4 to 5%. A four-leg parlay carries a hold above 30%. FanDuel and DraftKings spent five years rebuilding their apps to make parlays the default product. FanDuel's blended hold rate hit 11.4% in 2025, up from roughly 7% in 2022. The product got worse for the customer and the customer wagered more anyway.
Now look at the substitution. Nine US states have no state income tax. Seven of those nine run state lotteries. Seven of those nine have legalized sports betting. The states most committed to never taxing wealth are the same states running the largest extraction machines on people who cannot afford to lose. Read it as policy.
Here is what Buffett is actually pointing at. The state needs revenue. It can raise income tax on the top decile, or it can run a lottery plus a sports betting tax. The second option raises the money from the people who can least afford it. The first option becomes politically optional. New York's $1.2 billion in 2025 sports betting tax is $1.2 billion the state did not have to ask of someone earning $5 million.
DraftKings and FanDuel sell a privatized collection mechanism for a regressive tax that the state never has to defend at the ballot box again. Voters approve legalization once. Collection runs forever. The state takes a cut. The wealthy get a quieter top bracket. The bettor's cut shrinks every quarter as the parlay menu gets pushed harder.
The function of a government, Buffett said, is not to play its people for suckers.
Thirty-nine state governments now do.
We’re giving away the ultimate UNRL x @mnwild Playoff Experience for Game 3 on 04.22.
You will receive:
+ 2 Club level tickets
+ 2 Limited Edition UNRL x Wild Hoodies
+ 1 Signed Quinn Hughes Jersey
To enter:
Like, RT, & tag a friend. Must be following to win.
1 Winner from Instagram, X, or Facebook will be announced April 21st. No purchase necessary to enter.
@Chris_Hawkey Proud of you... Thank you for the laughs, the tears, the music.. You have positively affected many lives and I am glad to be one of them..