brockavich837

[brockavich837 @brockavich837]

I wanna believe but can’t

[Underdog NBA @UnderdogNBA]

Luka Doncic places full-page ad in LA Times ahead of Lakers' season opener on Wednesday.

"Dear LA, tonight we start our run for a championship."

(via @DanWoikeSports)

[brockavich837 @brockavich837]

@MichaelRapaport This is a real snowflake post

[the measured take 🌹 @themeasuredtake]

.@KyleKulinski altered the course of Nancy’s life this day

[I Smoked Mitch McConnell's Brain @BlackKnight10k]

Yall need to apologize to Hunter Biden

[Headquarters @HQNewsNow]

Stavros Halkias: I don't wanna do the both sides bullshit because it's just not true. One side is worse than the other, objectively speaking. One side is disappearing people and one side wants children to have healthcare, I don't think that's equivalent. A lot of stand up comics happened to have some of the dumbest opinions on Earth

[The AZ - abc15 - Data Guru @Garrett_Archer]

This is a work of art.

[hasanabi @hasanthehun]

this is why trump won. nothing else. this is also why he’ll lose.

[brockavich837 @brockavich837]

@MattWalshBlog Don’t tweet. Much better for everyone’s mental health

[brockavich837 @brockavich837]

@MattWalshBlog A simple “I have bad taste” tweet would’ve sufficed….

[jezz @JezziiB]

Trump told you he’d run America like a business.

He is.

It’s called asset stripping. You go in, sell the profitable pieces, gut the workforce, load it with debt, & walk away rich while everyone else holds the bag.

Venture capitalist politics.

[Dan Carlin @dccommonsense]

I was told by someone once that people like this are too smart to run.

[brockavich837 @brockavich837]

@kenklippenstein Good explanation and excellent writing

[Ryan Grim @ryangrim]

There are a lot of billionaires on this app who are obviously quite adept at making money, yet pretend they don't understand finance when it comes to the topic of a wealth tax.

It's impossible! It's too complicated! We'd love to do it but it's unworkable!

This is silly. Our financial industry has figured out how to turn the most abstract concepts into concrete financial products that can be traded in markets. We can obviously do this.

Let's say we have an annual 1% wealth tax. It could easily work like this:

Your shares in SpaceX or whatever are locked up and illiquid? Fine, just pay with 1% of those shares. No need to sell. You can easily create a financial product that is tied to those shares. Billionaires say they are afraid that they will have to pay a wealth tax on their assets and then their asset prices will go down, and they'll have paid a tax on wealth they no longer have. Fair enough! Just pay the tax with the shares themselves. If the price goes down, the government eats it, and you're no worse off.

What about an asset like a Picasso? Easy. You create a derivative product that is worth 1% of your Picasso when it is eventually sold. Before it's sold, the government can sell that product into a market and exchange it for cash, or hold it. What the govt would obviously do is create Billionaire Asset Backed Securities and sell them as financial products just like we do with mortgage-backed securities or any other asset-backed securities. Derivatives are not new.

The current problem we have is that billionaires own way too many assets in terms of homes and everything else. Because those assets themselves produce new income, they have to then buy more assets with that new income, which increases their price and endlessly crowds out the ability of normal people to own anything ever. That's why they tell you you will own nothing and be happy. They're certain of the former, don't care about the latter.

If regular people are ever going to get back into owning homes or other assets, billionaires cannot continue hoarding them all.

Quite obviously, a wealth tax is quite workable. The problem is billionaires just don't like it.

[Luke Miani @LukeMiani]

> save $15M a year by cutting a screwworm monitoring program

> screwworm outbreak almost immediately

> $1B to combat it

Government efficiency

[brockavich837 @brockavich837]

@kenklippenstein That’s his exercise motivation. If he has a camera in front of him he has to look busy

[Kristi Yamaguccimane @TheWapplehouse]

Just realized if the Knicks win this chip they’re gonna refuse to visit Trump at the White House and go hang with Zohran at the Mayor’s mansion instead and it’s gonna make Dolan so mad

[brockavich837 @brockavich837]

@KyleKulinski @Rogue_Stereo Get her on the pod lol

[Marco Foster @MarcoFoster_]

Hasan Piker on MAGA: “It’s a cult. That’s why they went from only 30% approval for striking Iran to 50% the day the strike happened and then two days after it was 75% and now it’s trailing at 85%. The numbers instantly change on something Donald Trump presented as a key part of his difference between himself and Kamala Harris”

[brockavich837 @brockavich837]

@ChaelSonnen Add 100 years

[Tristan Snell @TristanSnell]

Donald Trump’s name appears more times in the Epstein files than the names “God,” “Jehovah,” “Lord,” “Jesus,” and “Christ” do in the entire Bible.

Combined.