Good morning @RoKhanna I suppose I’ll need someone to hold my ☕️
You demand literature proving a modest 1 to 2 percent billionaire wealth tax disincentivizes founders and VC, as if none exists. It absolutely does.
The OECD’s own 2018 report admits most countries repealed wealth taxes precisely because they crushed savings, investment, entrepreneurship, and sparked capital flight while delivering laughable revenue.
Tax Foundation models confirm lower after tax returns shrink the capital stock and kill risk taking. NBER paper 29359 (Stefanie Stantcheva) shows taxes on innovation rewards directly reduce inventor numbers and breakthrough quality.
A 2023 Review of Finance study ties higher capital gains taxes (exactly analogous to taxing unrealized gains yearly) to smaller VC deals, fewer startup patents, and reduced innovation quantity and quality.
Every real world test failed spectacularly: France, Germany, Sweden, Austria, Denmark all ditched them after watching the damage. No country kept a wealth tax because it boosted growth or innovation; they all ran from the failure. A “modest” rate still means billions in forced sales of illiquid stock, wrecking founder control and screaming to every future risk taker that the ultimate payoff just got slashed.
But notice what you completely ignored: every single point from my original rebuttal. You skipped the marginal incentives that actually matter, the ongoing exodus from high tax California, the historical reality that inequality fueled progress not revolutions, and especially the mirror moment: Washington already rakes in record trillions yet blows it on waste, fraud, and bloat while refusing to balance the budget. Private allocators like Jensen and Elon create massive value; government squanders it. You have no answer for why we should invent brand new taxes on creators before forcing fiscal discipline on the spenders.
The evidence is overwhelming, one sided, and drawn from actual history, not hypotheticals. Ball’s in your court: contend with the original arguments you dodged, or name the real data studies showing wealth taxes increase entrepreneurship or VC investment. I’m waiting.
Links for you: OECD Report: https://t.co/CK5x2vZH5a NBER Paper 29359: https://t.co/SuzPF1G5a4 Review of Finance Study: https://t.co/Zuk6AJDrbX
JOE is about to enter its most aggressive era yet.
We've been heads down building, and we're ready to reveal a glimpse into what's coming for the DEX.
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Let's start with Monad. The promised land. High performance DEX meets high performance chain.
JOE's DLMM on Monad will be the most CRACKED fee machine in crypto.
Full suite deploying day one. $JOE to become THE ecosystem token capturing and funneling Monad fees back to the community.
Maximum MONviction.
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But Monad deployment is just the beginning.
DLMM was a breakthrough in hyper-efficient fee generation when we built it, and it remains unmatched today. Liquidity Book V3 is our next evolution — a refined, high-performance build of the most advanced volume and fee capture tool in DeFi. Ultrasound tech.
Beyond LB V3: new swap infrastructure, pool architectures, and LP tooling that level up our DEX offerings even further. All of it engineered for fees to flow back to one place: JOE stakers.
JOE’s ultrasound arc is here.
LET’S F***ING JOE
As a person of faith, John 15 comes to mind today
Verse 18 “If the world hates you, you know that it hated Me (Jesus) before it hated you. 19 If you were of the world, the world would love its own. Yet because you are not of the world, but I (Jesus) chose you out of the world, therefore the world hates you."
Be safe and kind everybody
Enter the Mill: a better way to launch a token
@LFJ_gg launched #TokenMill, a one-stop hub for permissionless tokens creation w/ a novel BCAMM model.
Already bored, right? I betcha.
Let’s try again.
Token Mill is the perfect on-chain playground for pre-rich retardios like us.
Token Mill: The Bonding Curve AMM (BCAMM)
A new DEX standard designed for secure, accessible token creation and exchange.
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As a creator on Token Mill, you can:
• Earn trading fees from your token
• Launch your token on any size + shape bonding curve
• Allocate tokens to your project through a customizable vesting locker
Token Mill empowers users with a built-in community flywheel, enabling them to earn trading fees and share in the success of both individual tokens and the platform itself.
• Stake tokens to earn trading fees
• Refer friends to earn additional protocol fees
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👉 Whitepaper: https://t.co/M6nWgGMFqf
Can anyone explain this trend in cars/bikes of having to pay extra to enable something that is already installed? Like why do I have to pay to turn on my bikes quick shifter that is already installed?