@firstroundmock As a massive Shadeur hater…. I will say.. he hit that mf square, level and plumb, right in his dumbass hands after breaking two tackles…
This is a “billionaire’s tax” structured as a royalty or sales tax on semiconductors from the most valuable company in the world, sold to China.
While it’s scary on a lot of levels to businesses and entrepreneurs, it’s what @aoc, @BernieSanders and @SenWarren should have thought of. They are so intent on income and wealth taxes on “oligarchs”, they have no concept of leverage in business. Trump does.
Potus is more progressive when it comes to taxation than anyone in the progressive wing of the Dems has ever been. The Dems should be celebrating just how progressive it is. The irony.
If Dems celebrated this as they should, republicans would be so confused. lol.
He wants to grab whatever revenue he can from our biggest businesses, which are owned by … wait for it … billionaires. He knows they will pay for something he has, that they need. in order to grow their companies. That’s understanding leverage
He took 15 pct of equity from a company. That is the ULTIMATE wealth tax. He diluted every shareholder, upfront , regardless of their net worth. Lol. A progressive dream !
Everyone knows how I feel about POTUS, but he doesn’t get everything wrong.
Tariffs are bad. They kill small businesses and entrepreneurs. A group he never talks about. He is dead wrong here.
And I disagree on most of the non-business things he does.
But when it comes to tax revenue generation , as I’ve said to many Dems over the last 12 months, if you want to generate revenue from the richest of us, give them incentives to give you money and do the right thing. Particularly for their businesses.
Trump gave nvidia incentives to pay probably 4b and growing per year, know that created 25b or more in high margin revenue.
Will this make up for the explosion of the deficits we face ? Not as it stands now. Not close.
But give him credit for knowing how those CEOs approach problems and opportunities , and using his leverage to generate tax revenues .
This is a “billionaire’s tax” structured as a royalty or sales tax on semiconductors from the most valuable company in the world, sold to China.
While it’s scary on a lot of levels to businesses and entrepreneurs, it’s what @aoc, @BernieSanders and @SenWarren should have thought of. They are so intent on income and wealth taxes on “oligarchs”, they have no concept of leverage in business. Trump does.
Potus is more progressive when it comes to taxation than anyone in the progressive wing of the Dems has ever been. The Dems should be celebrating just how progressive it is. The irony.
If Dems celebrated this as they should, republicans would be so confused. lol.
He wants to grab whatever revenue he can from our biggest businesses, which are owned by … wait for it … billionaires. He knows they will pay for something he has, that they need. in order to grow their companies. That’s understanding leverage
He took 15 pct of equity from a company. That is the ULTIMATE wealth tax. He diluted every shareholder, upfront , regardless of their net worth. Lol. A progressive dream !
Everyone knows how I feel about POTUS, but he doesn’t get everything wrong.
Tariffs are bad. They kill small businesses and entrepreneurs. A group he never talks about. He is dead wrong here.
And I disagree on most of the non-business things he does.
But when it comes to tax revenue generation , as I’ve said to many Dems over the last 12 months, if you want to generate revenue from the richest of us, give them incentives to give you money and do the right thing. Particularly for their businesses.
Trump gave nvidia incentives to pay probably 4b and growing per year, know that created 25b or more in high margin revenue.
Will this make up for the explosion of the deficits we face ? Not as it stands now. Not close.
But give him credit for knowing how those CEOs approach problems and opportunities , and using his leverage to generate tax revenues .