We can't believe what we just saw 🤯
Two performers from the renown @EldoradoReno Cirque Alice show just threw two first pitches BALANCING ON EACH OTHERS HEADS!
@MiLB | #Aceball
As one accumulates wealth, their earnings typically shift radically from income to securities and assets. Said differently, they rely less on income and more on equity appreciation.
As such, if the wealthy wanted to benefit themselves the most in tax policy, they would advocate for a lower capital gains tax (or none at all) and modified depreciation or rollover rules, not zero income tax.
So whenever you see a proposal for zero income tax, please try to consider that this benefits lower, lower-middle, middle and upper middle incomes THE MOST.
And it forces the government to abide by lower inflows and be more modest in how the spend your money.
@friedberg on the pod last Friday, when @Jason asked you about current macro, you mentioned “Businesses should not build around macro”
Wouldn’t startup’s benefit from having macro influence their timeline for fundraising and runway management?
@theallinpod Thoughts on the signaling value of a PhD for hiring in an industry role. PhD in a useful field like an engineering, economics, computer science or mathematics field.
My favorite tool I learned hunting targets at the NSA:
"Journey of a Dollar" analysis.
Basically, when analyzing an industry the first step is mapping how a dollar flows through it.
I map out:
- Who touches the $
- How many they touch
- How long they sit
From this I'm able to know:
- Where power/gravity exists
- Which parts are vulnerable for a wedge
- If the industry's worth targeting
- Where to dig deeper
This works at the industry and company level.
For instance, I love mapping a businesses cash inflows and outflows to find areas of efficiency.
There's a lot more I could go deeper on.
If interesting, just reply with questions or enthusiasm and I'll oblige with more content. :)