At heart, punk was about class struggle.
This is why the conservatives are the new punks.
And the lib elitists who style themselves as punk are hacky conformists interested in cementing the status quo into place.
No modern American leftist can be punk.
The Clash would hate libs.
@BillAckman How are holders of PSHZF supposed to view holding their shares? Seems like the best thing that PSUS can buy are heavily discounted to NAV shares of PS HZF. Please provide insight regarding PSHZF. Thanks very much.
@markkaplan20 But if you’d been on statins earlier, perhaps no heart attack? I take statins because I have a history of heart disease in my family, including a father and brother that have had heart attacks at 58. Tough trade-offs.
@abekaz333@BillAckman@USArmy It’s an all volunteer military. They didn’t volunteer to work at the Department of Education, Department of the Interior, or Department of Commerce - they volunteered to join the Department of WAR. Sheesh.
@mridenhour KC has legit pipes. And I saw an interview with her back in the day where she said the Toadies were her favorite band. Been a big fan of hers ever since!
Watching Democrats refuse to stand for Iryna Zarutska’s parents, who were seated 15 feet away from me…
May have been the single most radicalizing moment of my life.
I could not believe it.
I still can’t.
I cannot wrap my head around it.
@Gavin_McInnes At heart, punk was about class struggle.
This is why the conservatives are the new punks.
And the lib elitists who style themselves as punk are hacky conformists interested in cementing the status quo into place.
No modern American leftist can be punk.
The Clash would hate libs.
NOW - Citadel's CEO says decisions made under the Biden administration "were so so poorly thought out in terms of economic consequences, it cost the U.S. economy dearly."
FAREED ZAKARIA: “if America has an affordability crisis, it tends to be in places Democrats govern like in New York, Illinois, and California, which all feature high taxes, soaring housing costs, and stagnant outcomes in education and infrastructure.”
“The result is a paradox which defines blue state America: a government that promises more, costs more, but delivers less.”
why not just raise income tax rates?
because your real intent is not to just “provide healthcare”.
you’re masking that you are proposing the creation of, for the first time in the 250 years of this American republic, an organized government seizure of private property from citizens.
you’re calling it a “wealth tax” or a “billionaires tax” or “millionaires tax” or whatever nom du jour polls well. but at the end of the day, it’s the seizure of private property from citizens by the government. citizens that earned money, paid their fair taxes on those earnings (53% if they live in California) and are now being told they need to hand over after-tax assets because the government has failed to provide promised services with the revenue it’s collected, and are now re-casting their own failure to be a socio-economic inequity that must be justly resolved... a slippery slope that has never gone anywhere good (see economic effects in USSR, Cuba, Venezuela, France and Norway wealth tax etc.)
the American founders fled tyranny in Europe and this amazing nation was populated by immigrants (myself and your parents) from around the world not just looking for a “better life” but for a place where they could have freedom from tyrannical governments that can take what they want from private citizens. a great nation borne of property rights, the rule of law, and endowed freedoms to believe, speak, or act. these principles led to the greatest run of innovations, successes, and widespread increase in prosperity, for all citizens, ever seen.
the citizens, the individuals, not the institutions, delivered this progress. those who invented, who toiled, who bled, who sacrificed, who took risk and persevered, who led, and who changed the world, are not charlatans, kleptocrats, or oligarchs. they’re what made us all better off. prosperity is a measure of america’s success, not its failure.
it is your principle that is so offensive, as evidenced by the broad disdain for your flippant flirtation with the darkest of human fantasy - socialism. you and other neo-socialists have led so many of us to reflect on America’s history and what it is becoming. that now leads so many to consider, so unnecessarily, leaving their homes for a place where everyone stands up to shout down the principle you suggest. because if your ideas are now considered moderate, it’s clear this titanic is sinking.
that a “simple tax” of taking assets that have been earned, through toil and tribulation, rightly taxed, and preserved, should now be unjustly seized, is your solution to a problem of obvious government mismanagement and outright fraud, tells us that your true motivation lies not in giving people healthcare but in cutting down success and deleting the system of prosperity and opportunity for all.
i don’t care, and neither should anyone else, what the sum total market value of a private citizens private assets might be. it is none of my business and should be none of yours. because, again, once you open that pandora’s box, we might as well study Lord of the Flies … there is literally nothing stopping 51% of citizens demanding that their government go out and seize 100% of the private property of the 49%.
want to give healthcare to people in need? do your job and fix healthcare. make it affordable. want to be lazy about it? then do your job lazily and raise income taxes.
want to take private property from private citizens who have paid their fair share of taxes and legally earned their property, then honestly declare that it is envy, not inequity, that you strive to resolve…
This idiotic attack, by an inept California politician, on a productive California resident caused him to leave. It should not be lost on anyone that this has already cost California $10’s of billions in lost taxes from Elon and the plethora of well paid employees that followed him out of the state.
That number will exceed $200B+ as SpaceX goes public and Tesla grows even more and whatever amazing new companies he starts from now…in Texas.
Said differently, had California embraced its innovators and worked with them to find ways to support them, they could count on hundreds of billions in tax revenue.
Without him, they’ve gone from surpluses to massive deficits.
The will now ask you for the money.
What happens if even more entrepreneurs leave? What jobs will be left in California? Who will pay the taxes?
I’m glad Elon left and took his tax revenue with him. It has helped expose how fiscally broken California is.
If it is not obvious to you, it should be.
Yet these politicians refuse to change. Refuse to do audits and spend less. Instead, they now target others down the list and keep asking for more. There is no amount of “more money” that will fix theft, financial profligacy and mismanagement by incompetent elected officials.
We need wholesale reforms in California before the state goes bankrupt.
We probably have until 2030 at best.
2025 is a banger:
High economic growth
Record high stock market
Falling inflation
Falling crime
There’s more work to do but 2026 already has a lot in the pipeline to build on top of this and help all Americans:
Trump tax cuts
Energy supercycle
Fed rate cuts
…
Every time something like this happens, I have a flash of naivety sweep through me. "This will be the last straw. They'll stop pretending there's no problem now. Surely they can't just do "don't look back in anger again"" etc.
Just watch. It'll be the same as every other time.