Denny Galindo

I work at Morgan Stanley but views expressed are personal and not advice.

[Denny Galindo @DennyGalindo]

@SportyMcSports @TylerVesely I think 6 makes more sense with two byes

[Burner @NotaBurnerr007]

Now hold the fuck on… ARE YOU KIDDING ME?

[Texas Football @TexasFootball]

Spin cycle

[Dez Bryant @DezBryant]

Might be the best national championship game I ever watched!

[JPA @jasrifootball]

Ranking the top 25 college football quarterbacks of all time:

(via: @The_Wenzel_Per)

[Denny Galindo @DennyGalindo]

@dempsey_andrew @KayceSmith Texas would have beat all 4

[Denny Galindo @DennyGalindo]

Best taxes: 1) tariff, 2) property/ wealth tax 3) sales tax 4) income tax 5) payroll tax. If we could eliminate 4 and 5 I’d support doing 1.2 and a little number 3. Tariffs encourages increase in capital stock wealth tax encourages high returns on capital stock. Sales tax is fair

[Bill Ackman @BillAckman]

On the topic of billionaires and wealth taxes in California, I am opposed to wealth taxes because they effectively represent an expropriation of private property and have many unintended and negative consequences that have occurred in every country that has launched such a tax.

I am however strongly in favor of a fairer tax system. To that end, it doesn’t seem fair that someone can build a valuable business, create a billion or more in wealth and pay no personal income taxes by living off loans secured by stock in the company, (and even if the loans are unsecured).

Apparently, this approach is used by many super wealthy people. A small change in the tax code would address this unfairness. In short, personal loans taken in excess of one’s basis in the stock of a company should be taxable as if you sold the same dollar amount of stock as the loan amount.

One shouldn’t be able to live and spend like a billionaire and pay no tax.

I welcome arguments to the contrary as to why this is somehow unfair to the billionaire or even the hundred millionaire, but I don’t think there is a good one. The favorable current tax treatment of this approach also encourages the use of leverage which is not good for society.

And with respect to California’s budget problem, the issue is not a lack of tax revenues. The problem is how the money is being spent.

I have a bunch more ideas on other changes to the tax code that are hard to argue with if anyone cares.

[Kyle Umlang @kyleumlang]

This is so funny, y’all have no idea

[Denny Galindo @DennyGalindo]

@Matt_Hougan Nice way of thinking of this.

[Denny Galindo @DennyGalindo]

@Matt_Hougan Well put!

[Denny Galindo @DennyGalindo]

@PeterLBrandt ✝️

[Denny Galindo @DennyGalindo]

@teddyfuse @taylorjbarr Me too. I’d love to hang with you guys at coffee an or Hudson Malone across the street

[Denny Galindo @DennyGalindo]

I am excited to be headed to Nashville tomorrow for the conference.

[Denny Galindo @DennyGalindo]

@donnelly_brent It’s actually store of value that’s more important than medium of exchange. What currency do these Counter parties hold for their currency reserves.

[Greg Abbott @GregAbbott_TX]

.@elonmusk. Bring Twitter to Texas to join Tesla, SpaceX & the Boring company.

[Denny Galindo @DennyGalindo]

@KirkRockwell1 @DeItaone Now everyone not just early birds can see sunrise!

[Joe W @buzzbait72]

It's time to make a QB change #texaslonghorns . He is not getting it done. #SEC #ESPN

[Denny Galindo @DennyGalindo]

He did so well last year!

[Mike @Zeroin_Macias]

I'm ready to see Casey Thomason. Cards not throwing the damn ball
#texaslonghorns

[Denny Galindo @DennyGalindo]

👀

[zerohedge @zerohedge]

Fauci In 2012: Gain-Of-Function Research 'Worth Risk Of Lab Accident Sparking Pandemic' https://t.co/GntHl8yowC

[PlanB @100trillionUSD]

Hal Finney: $100T🔥