dpetroo

[Ben Axelrod @BenAxelrod]

Airports really need to reach a consensus on whether we’re leaving laptops in the bag in the security line.

[Yogi @Houseofyogi]

Unrealized gains tax for Gen-Z:

You buy a Pokémon card for $50.

Someone offers you $500 for it. You say no. You love that card. You're keeping it.

The government says: "Cool, but that card is worth $500 now. You owe us $100 in taxes."
You: "…I didn't sell it."

Government: "Don't care. Pay up."

You don't have $100 lying around. So you're forced to sell the card you love just to pay a tax on money you never received.

Next month? That card drops back to $50.

Your card is gone. Your money is gone. And the government shrugs.

That's a wealth tax on unrealized gains. They don't pay you back the tax...

Now picture this.

Your mom calls you crying. She has to sell the house she raised you in. Not because she can't afford it. She's lived there 30 years. It's paid off.

But some website says it's worth more now and the government says she owes $15,000 she doesn't have.

So she sells your childhood home. The kitchen where she made you breakfast. The doorframe where she marked your height every birthday.

Gone.

To pay a tax on money that was never real.

Now picture the opposite.

Your dad put everything into his small business. For 20 years he built it from nothing. One year the business is "valued" at $2 million on paper. He owes a massive tax bill. He empties his savings. Sells his truck. Borrows money. Pays it.

Next year the market crashes. His business is worth $200,000.

He lost everything to pay a tax on a number that doesn't exist anymore.

Does the government give him his money back?
No.

Does the government give him his truck back?
No.

Does the government care?
No.

They sold this idea as "taxing billionaires." But billionaires have armies of lawyers, offshore accounts, and trusts. They'll be fine.

You know who won't be fine? Your mom. Your dad. Your neighbor with a small business. The farmer down the road who's had the same land for four generations and now has to sell it because dirt got expensive.

You're not taxing wealth. You're taxing people for owning things.

It's like getting a parking ticket for a car you might drive somewhere someday.

They want you to own nothing and be happy. To fund the fraud, waste and abuse of the welfare state they created.

There is enough money. More tax isn't needed. It's all a lie. But you've been gaslit into believing this is a rich vs poor debate.

I hope you understand what's at stake.

[Wall Street Mav @WallStreetMav]

Great Depression vs NOW

🔊 …🚨🚨🚨

During the Great Depression houses were 3x the average salary. Today it's 8x

Cars were 46% of the yearly salary. Today it's 85%

Rent only took 16% of the annual salary. Today it's 42%

Some ask whether we are already in an unrecognized silent recession (or worse) that is being hidden by massaged data from the govt.

[Brian Armstrong @brian_armstrong]

@SenWarren @SECGov https://t.co/0HxlRiI6Sy was an offshore exchange not regulated by the SEC.

The problem is that the SEC failed to create regulatory clarity here in the US, so many American investors (and 95% of trading activity) went offshore.

Punishing US companies for this makes no sense.

[Senator Cynthia Lummis @SenLummis]

Our position as the global financial leader is a privilege, not a right. Other countries have a head start on us in the development of digital assets. If we get this wrong, we handicap ourselves and put our future prosperity at risk.

[Nathaniel Whittemore @nlw]

This madness might well go down as the best thing to happen to US crypto industry.

[Elon Musk @elonmusk]

@brian_armstrong @MarkWarner Agreed, this is not the time to pick technology winners or losers in cryptocurrency technology. There is no crisis that compels hasty legislation.

[Cynthia Lummis 🦬 @CynthiaMLummis]

We NEED you. Pls call your Senators. Pls tweet. Pls email. We are facing major headwinds on the Wyden-Lummis-Toomey amendment. Burying financial innovation in red tape & sending devs + miners on info collection wild goose chases for info they don’t know is horrible policy.

[dpetroo @dpetroo]

@robw00ds Poirier and Burns

[fau @aerirene]

Koide Misato is a japanese singer she has a youtube channel and sells her album on the street. A few days ago some men bought her album so they could break it and step on it in front of her. If you’d like to support her i’ll link the yt channel below
https://t.co/WnsNtc7PDE

[Players for Pits @playersforpits]

Incredibly proud of CRISP and what we have been able to accomplish together #AdoptDontShop https://t.co/GXRIz4dSPg