Struggling to stay inoculated in a world of meme stocks, compounder bros, infinite TAM junkies, and Ponzi-coin collectors. Did I mention "Platform Companies"?
@RonDeSantis βI could end the deficit in five minutes,β Buffett said. βYou just pass a law that says that any time thereβs a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election.β
The last thing you see when the H.R. person calls you in and says "although you're our best performer and just received the largest performance bonus among your peers, you're being downsized because I noticed you refused to state your pronouns on your public LinkedIn profile" π
@leevalueroach More analysts than that following Apple, I guarantee it, and yes, I have no edge with that type of stock. Probably 2000+ analysts on Apple, maybe more.
@JustinWolfers 4/ Democratic-run state, like California, where I live, you see this (now $120B est.) choo-choo train to nowhere fantasy, and people are like, who cares if you "tax the rich", you have to stop this incredible criminal behavior at the government level first.
@JustinWolfers 3/ over $100T eventually. And what about the practical aspects of laying a 90% tax on someone like Bezos. Most of his wealth is in Amazon stock. He has to start selling that, what do you think the stock price will do and how much will his wealth (and tax) shrink? In almost
@JustinWolfers 2/ "tax the billionaires" is it deflects from the real issue which is entitlement payments are going to be so large in the next 20 years that no amount of "taxing the rich" will make even a nick in the payments the government is projected to make. Kotlikoff estimates this as
@JustinWolfers 1/ The problem is even if you take every cent of every billionaire, or anyone above say $100M net worth in the U.S. via taxes, it does absolutely nothing to ballooning and soon to be much larger budget deficit the government runs. The reason people like myself are annoyed by
@MikeFritzell@JasonClareMP 3/ to end it. Again, very pronounced in concentrated areas in the U.S., Silicon Valley, parts of L.A. and Orange County, etc. Doubt any other country would allow this.
@MikeFritzell@JasonClareMP 2/ Chinese buy all the homes near it and then send their kids and usually Grandma/Grandpa to live in it. Not sure how they are allowed to stay long enough to complete a H.S. and then College degree? Overstaying Visa? Chinese anchor babies turning 14? Really needs to be policy
@MikeFritzell@JasonClareMP 1/ Number 1) is particularly bad in high salary areas, like Silicon Valley, which brings in H1B's who live 2,3, or even more families to a single house or have money from their family's businesses, particularly the Chinese. Also if there is a good High School in the U.S.,