A 19 year old on Wall Street Bets lost all his money after he shorted copper because people didn't like how the bronze medals at the Olympics looked and he figured this would crush the copper market since bronze is 88% copper
"The unrealized tax is only for ultra wealthy, no big deal."
Let's play this out.
25% unrealized gains on people worth 100MM.
Bill Gates is worth 132 Billion.
Assume his unrealized tax due is about 30 billion.
He would need to sell 40 Billion in Microsoft shares, pay tax on that, just to pay the unrealized tax.
That would probably tank MSFT 10%.
7 million people own Microsoft stock.
Now repeat with META, GOOG, NVDA, AAPL, TSLA etc..
Let me be clear. If Kamala Harris somehow forces a 25% unrealized capital gains tax, the flight of capital out and subsequent collapse of the US markets would be absolutely breathtaking. And the ultimate result would be far lower tax revenues than we have right now.
BREAKING:
Telegram founder & CEO Pavel Durov arrested in France.
According to initial reports, the authorities plan to charge him with crimes such as:
- Supporting terrorism
- Drug trafficking
- Being an accomplice of massive fraud
- Money laundering
- Evasion of sanctions
There’s now a huge opportunity to innovate in bioengineering, appliances, and anything that physically touches the food supply chain — the consensus that there are concerns will drive mass replacement for a second generation of technologies.
What’s wild about these tools is there’s going to be a bunch of companies that under hire or fire devs because they see this and devs that work multiple jobs because they reduce their workload all in parallel
Later an 9 year old is going to make a killer app…
HAHAHA Cursor is so Fun!!!!!
CURSOR + REPLIT + VOICE...
All changes I made while filming with one hand.
This is the most fun i've ever had with a piece of technology.
Reading The Blind Watchmaker by @RichardDawkins and the concept of evolution is similar to agile iteration
5% of an eye is better than none and every vision improvement helps survival. Complex structures evolve primarily from incremental improvements 1% ->2%
@FriedKielbasa I always wonder how far along these guys are in their career. Was this dude a young mid-level aiming for CEO but won a senior position in Government or what’s the read?