History's first trillionaire is a guy who catches rockets out of the sky with chopsticks and beams internet to every dead zone on the planet.
Same guy ships cars that drive themselves, humanoid robots for the factory floor, brain chips that let paralyzed people move a cursor with pure thought, and an AI running on a supercomputer his team stood up in months instead of years.
And the people crashing out about his net worth are doing it on the app he owns. The same app governments spent years trying to censor.
You cannot legislate a rocket into orbit.
Hey @GavinNewsom you can get 420 diapers delivered for free for $86 in just a quick search with no government intervention.
I’m sure if you wanted, Costco or many other retailers would love to help and get those prices down even more to help parents with just a gift card and a coupon code.
Fast and easy..
Why you giving the baby2baby gals $200 of our taxpayers money for 400 diapers?
Don’t they make enough to pay for their glamours lifestyle with all those great galas they throw for their Hollywood Democrat friends?
Are you that ignorant to run the basic numbers? Surely you aren’t that much of a scammer?
This is logical.
If your tax rate is 33% congrats on this being the first day of the year working for yourself
When you see it like this you’ll take all those government projects more seriously
Nick Wright on why finals losses should not hurt LeBron GOAT case:
“Nobody ever says yeah, Tom Brady would have been better if instead of making 10 Super Bowls, he only made the Super Bowls that he won. Nobody actually thinks that. Nobody thinks that Tatum and Brown with Boston, their careers would be better if they were 1-0 in the finals instead of 1-1. No, like this is the thing that’s fascinating and I’m glad LeBron finally talked about it about this specific argument is nobody actually believes it. Nobody actually thinks that Michael Jordan’s legacy would have been hurt had he defeated the Detroit Pistons a year earlier when they lost in game 7 and then gone on, you know, if they had won that game and then lost in the next round.”
(Via @WhatsWrightShow)
Warren Buffett, in his first sit-down since stepping down as Berkshire CEO, gave the cleanest indictment of legalized gambling in a decade. He called it a tax cut for the wealthy. The math proves him exactly right.
Americans wagered $165 billion at legal sportsbooks in 2025. They lost $16 billion of that. FanDuel pulled $6 billion of the losses. DraftKings pulled $5.3 billion. Every state with legal mobile sports betting collected a tax on the bettor side. New York alone took in over $1.2 billion in 2025 sports betting tax revenue.
Layer the lottery on top. State lotteries generate over $90 billion a year. The bottom half of income earners account for roughly 70% of total spend. The average lottery player makes $38,000. A household earning $20,000 spends three times more on tickets than one earning $30,000. The implicit tax rate, meaning whatever the state keeps after prizes, runs 30 to 50% depending on the game. No other revenue source in America has that base and that rate.
The structural design is the engine. A single straight sports bet carries a hold of 4 to 5%. A four-leg parlay carries a hold above 30%. FanDuel and DraftKings spent five years rebuilding their apps to make parlays the default product. FanDuel's blended hold rate hit 11.4% in 2025, up from roughly 7% in 2022. The product got worse for the customer and the customer wagered more anyway.
Now look at the substitution. Nine US states have no state income tax. Seven of those nine run state lotteries. Seven of those nine have legalized sports betting. The states most committed to never taxing wealth are the same states running the largest extraction machines on people who cannot afford to lose. Read it as policy.
Here is what Buffett is actually pointing at. The state needs revenue. It can raise income tax on the top decile, or it can run a lottery plus a sports betting tax. The second option raises the money from the people who can least afford it. The first option becomes politically optional. New York's $1.2 billion in 2025 sports betting tax is $1.2 billion the state did not have to ask of someone earning $5 million.
DraftKings and FanDuel sell a privatized collection mechanism for a regressive tax that the state never has to defend at the ballot box again. Voters approve legalization once. Collection runs forever. The state takes a cut. The wealthy get a quieter top bracket. The bettor's cut shrinks every quarter as the parlay menu gets pushed harder.
The function of a government, Buffett said, is not to play its people for suckers.
Thirty-nine state governments now do.
If you can’t take up for children who were sex trafficked, who can you take up for?
The answer: no one. You’ll defend no one if your political capital is at stake, and you need to be purged from our party.