Xavier Seton

[Xavier Seton @XavierSeton]

@gantboom1 @elonmusk @Sajwani @SenWarren No, because money has to be used to make money obsolete.

The idea is, we use that money to produce SO MUCH goods and services that the prices of all things goes to Zero.

Unfortunately Governments will probably tax everything to maintain prices and their control.

[Xavier Seton @XavierSeton]

@teslayoda @elonmusk @JonErlichman So… i guess most of Optimus goes to SpaceX as the brain is worth more than the body?

[Xavier Seton @XavierSeton]

No.

Who are you helping? Why?

1) Symbolically it will be seen as sycophantic suck up to Left in the hope they won't devour you entire i.e. an act of cowardice. It's giving an inch so they take a mile. And the recipient of welfare is not thankful for the reminder - you'll win no favours.

2) Practically it does nothing except set a precendent that emboldens your enemies to demand even more, for it is an admission you buy into "stakeholder capitalism" which fucks actual shareholders. This moves the Overton Window towards Socialism.

3) The share price, the result of expected future earnings, is not the source of value to society. The source of value is the products and services, yet to be proven by gigantic earnings flowing in. Magnaminous acts of altruism, no matter how rigourous the caveats, is premature during a growth stage.

[Xavier Seton @XavierSeton]

Well really that's the reality we chose to live in by not making the case for a zero capital gains tax!

I mean there's reality, and then there's the overton window.

[Xavier Seton @XavierSeton]

Or, to be devil's advocate - most people see a pattern of "the rich and powerful taking what they want" and simply conclude "To become rich and powerful, you have to take what you want!"

And that which is more powerful is scary, and scary means it is bad.

Afterall, that's been the norm for most of human history.

[Xavier Seton @XavierSeton]

@SquageMcGee @LibbyValkyria @Whatapityonyou Sorry guys!

[Xavier Seton @XavierSeton]

Unfortunately, historically, until food can not be afforded - for those who believe in feelings.

But just a single tax of 6-8% without representation pissed off rational men enough to spark the American Revolution.

[Xavier Seton @XavierSeton]

@ThatAncapGuy He’d be richer

[Xavier Seton @XavierSeton]

None of the above.

It's the (mistaken) belief that Capitalism is a pursuit of the Material - over/above (and at the expense of) the Spiritual.

The hated esthetic is the greasy golden archers, the fat motorized walmart shopper. The hated ethics is that is holds greed as a virtue. The hated politics is that it appears to not care about suffering. The hated metaphysics is that man is a meat-cog in a machine.

Ideologically enlightened Capitalists don't give enough credit to the power of Communism to co-opt a young person's psyche at the very deepest levels.

[Xavier Seton @XavierSeton]

Whether your assessment of his cakes are good or bad, the point is he doesn't physically have a trillion dollars in cash, he is not "hoarding" anything.

His wealth is a market assessment of his cakes, his promised cakes and, perhaps most importantly, the cakes the market would like to see baked.

In my opinion, the Government and all poor people should be very hopeful Elon succeeds because the Government can print and spend new cash - on anything they want - at the rate Elon can bake future cakes. If he fails, then the Government can't print without destroying the currency.

[Xavier Seton @XavierSeton]

@CptAncapistan Moreover, Elon creating a market-evaluated Trillion in physical Goods/Services allows/justifies the Government to print a Trillion dollars of cash. Warren should be creaming herself, but noooo

[Xavier Seton @XavierSeton]

But if one believes "everyone lies", due to well founded experience, to automatically assume Trump and IRGC words are always false is also a bias.

Trump could say "America is Great" (which is True) while believing it (making him not a liar) or while not believing it (making him a liar).

Likewise an Ayatollah could say "America is Evil" (which is False) while believing it (making him not a liar) or while not believing it (making him a liar).

[Xavier Seton @XavierSeton]

@David_McMahon75 How the hell does it equalize it for someone trying to live off $45,000/yr in non-super retirement by selling off assetts!!!! No marginal tax rate for them! They pay 30% on the first dollar!

[Xavier Seton @XavierSeton]

Wow, you may be right! From Grok:

3117: Iran's suspicious "recycled number": Iranians call it the regime’s default placeholder for sensitive crises. Same number, different disasters.

2014: Iran crude oil production = 3,117 thousand barrels/day (OPEC stats)

June 2020: 3,117 new COVID cases (MoH)

2020: 3,117 methanol poisonings from fake alcohol

Jan 2026: Official protest death toll = exactly 3,117

[Xavier Seton @XavierSeton]

@burkylie12 Which, of course, is a moral virtue, a moral necessity... if we are to prosper and be happy.

[Xavier Seton @XavierSeton]

@ronrule 25% Berkshire Hathaway - for their cash/treasuries and so they can pick the bottom while the world panics.

[Xavier Seton @XavierSeton]

Ah, so you actually want 60-90 year olds who could survive on $45k/yr to instead suffer and suck on the government teat till death. While the richer boomers on 150k/yr go on cruises and are unaffected by this new budget.

Thats funny, I thought the Greens wanted to eat the rich boomers, not the poor ones. Can't keep up with the diet fashion changes.

[Xavier Seton @XavierSeton]

You bastard. Millions of older Australians don't have super, but a few hundred thousand of those will have have $1,000,000 in a share account which might be 50-80% capital gains over 40 years, and they thought they could sell off $45,000 a year to retire on or supplement their retirement, and only pay the marginal tax rates, with the first $18k tax free and 15% on the rest. Now they would have to pay 30% tax on the very first dollar of cap gains.