Ishmael Riles

Believe it or not, I'm walking on air. Never thought I could feel so free.

[hemmy 💜 서혜미 @hemmy]

My debut short story is out in the Spring issue of @redividermag! Check it out along with all the other fabulous work in there.

[Ishmael Riles @isho]

@RiotLinguist @La__Cuen What were they protesting?

[Ishmael Riles @isho]

@VishKumaran Magic pixie dust — aka Demeco Ryans' defence

[Ishmael Riles @isho]

@richjmadrid In all but one of the Titans losses they were held to 17 or fewer points. That's how you beat them.

Truth is Niners couldn't run the ball, defense couldn't stop Brown and Jimmy didn't play well. They out played us across the board. Simple as that.

[Ishmael Riles @isho]

@stacyherbert Yes, California is a hellscape please don't move here. And if you already live here and don't like it please leave. Seriously don't even visit.

[Ishmael Riles @isho]

@kidhack @CallofDuty @ModernWarzone Oh man MSFS 2020. It feels like every time I want to play I have to wait an hour for a new update. And I have fiber.

[Ishmael Riles @isho]

@italktrashtobu1 @HolidayHobo @Marioscargo @CyberAria6174 @Public_Citizen Again nonsense. What about the math?

1% of 50b is 500m. Your statements have nothing to do with the conversation. There are legit criticisms of a wealth tax (as with any tax system) but you have brought up none of them.

[Ishmael Riles @isho]

@italktrashtobu1 @HolidayHobo @Marioscargo @CyberAria6174 @Public_Citizen Apparently you don't know how taxes work though because your arguments are nonsensical.

[Ishmael Riles @isho]

@italktrashtobu1 @HolidayHobo @Marioscargo @CyberAria6174 @Public_Citizen I guess you don't have much experience with Real Estate, RSUs or AMT tax and ISOs. The government forces you to pay taxes on things that aren't cash all the time. It's really not that unique.

401ks are tax deferred so not sure why you think those are relevant.

[Ishmael Riles @isho]

@andrewrsorkin An asset being used as collateral for a loan should only count up to the current tax basis.

[Ishmael Riles @isho]

@nkulw Is there a way to pay you guys directly?

I would much rather give $5/mo to you than Stitcher.

[Ishmael Riles @isho]

@willmenaker @murderxbryan It's so lame that we can't get all content though one app.

[Ishmael Riles @isho]

@HolidayHobo @italktrashtobu1 @Marioscargo @CyberAria6174 @Public_Citizen Oh right, agreed.

I don't see how after reading that article anyone can seriously think that the current system is at all remotely fair.

[Ishmael Riles @isho]

@italktrashtobu1 @Marioscargo @CyberAria6174 @Public_Citizen Are you thinking about a tax on unrealized capital gains?

I agree that sounds tricky to implement. But, I think the idea is that you could offset unrealized capital losses with unrealized capital gains.

A wealth tax is a tax on your current wealth. Like real estate tax works.

[Ishmael Riles @isho]

@Marioscargo @CyberAria6174 @Public_Citizen You're talking about a wealth tax?

Yes when your wealth decreases you would pay less tax.

[Ishmael Riles @isho]

@Marioscargo @CyberAria6174 @Public_Citizen I pay taxes on my house every year.

Really not sure what you are getting at. Do you think the system is fair? Or maybe this is the best we can do?
I'm pretty confident we can do a lot better. I'm not a tax policy expert but I have ideas. Hard to fit them in a tweet though.

[Ishmael Riles @isho]

@CyberAria6174 @Public_Citizen Apparently you were quite mislead. Those %'s are (taxes paid)/(wealth growth)

Most Americans pay more in taxes in a year than their wealth grows because of expenses. i.e. >100%

Point being, the system is profoundly unfair.

[Ishmael Riles @isho]

@Enelemtal @GravelInstitute That's not how much they pay per year. It's how much they have paid in total.