@HedgeFundTips Tom — great to see your girls enjoying some well earned time off after such an impressive season in the pool. Congrats to all of you! Have a blast in NYC.
David Friedberg: California’s “Billionaire Tax” is a Trojan Horse to Go After the Middle Class's Private Assets
@friedberg:
“The reason they're calling it a billionaire tax is to make it easier for people to vote for it, and sign up to this entirely new tax system that they're proposing to put on all Americans at some point, and for the first time ever degrading our private property rights.”
“Forget about how much wealth you have, forget about how rich you are, forget about the term billionaire, millionaire, whatever it is.”
“We're creating, or proposing the creation, of a new tax system that allows the government for the first time ever to come in and audit everything you own.”
“All the jewelry your grandma gave you, the value of all the couches in your house, the value of your car, the value of all your stocks and bonds, and the government can come in, and for the first time, look through the veil into your personal property.”
“And say, ‘Here's how much all this stuff is worth. I'm charging you a percentage of that. That's what I need to get paid.’ And it doesn't matter that it starts with billionaires. What matters is that we're giving the government the right to look into our private property and take a percentage of it every year.”
“The total net worth of billionaires in the US is $8 trillion.”
“The net worth of the US, the middle class, and everyone else is $170 trillion, compared to $8 trillion of the billionaires.”
@chamath:
“They need a way to open the door so that they can go after the real honey pot.”
“The real honeypot is not 200 people.”
@friedberg:
“Just so everyone understands the real goal of this is not to tax billionaires, because there are other ways to tax billionaires.”
“Charge them a capital gains tax if they borrow against their assets that they haven't paid capital gains tax on. Very simple, that can resolve this.”
“Another thing you can do, you can raise the capital gains tax rate. Sounds unpopular. I don't agree with that, but that's another way to deal with this, which is to take the capital gains tax rate from 20% to 30%. You could do that.”
“The real goal of this is to create, for the first time in American history, a private property asset seizure tax. Because they're going after the $170 trillion, not the $8 trillion that the billionaires have.”
🚨 CAUGHT ON RECORD: British Lord admits Trump's National Security Strategy has the empire "on the ropes"—and reveals their plan to outlast him.
While media screams Trump sold out, the real enemy just confessed they're terrified.
Watch what they don't want you to see:
The shooting of two National Guardsmen by an Afghan national who shouldn’t even be in our country is a horrific new reminder of the anarchy unleashed upon America by Joe Biden and Kamala Harris.
If not for the election of President Trump, Kamala and the Democrats would have ushered in tens of millions more illegals into the country. The chaos and lawlessness would have spread to unimaginable levels.
Already in Blue cities, Democrat policies of zero bail, under-prosecution of felonies, and a revolving door at the jails have given repeat criminals license to prey on an innocent population. Depraved murderous attacks by repeat offenders, such as the horrors inflicted on poor Iryna Zarutska or Bethany MaGee or Logan Federico, are already too commonplace.
Only the election of President Donald Trump has given the country another chance. I give thanks for the miracle that saved his life from an assassin’s bullet. I am grateful for his courage, determination, and indefatigability in making America great again.
I am grateful for the extraordinary team that surrounds the President, starting with the Vice President JD Vance and the White House Chief of Staff Susie Wiles. I appreciate all my colleagues at the White House, and consider it an honor to be a small part of this administration.
In politics, it’s easy to lose sight of the forest for the trees. Thanksgiving is a day to look up, take stock, and count our blessings.
We still have much to do but also much to be grateful for. Thank you to President Trump for working tirelessly on behalf of the American people.
Have a great Thanksgiving. God bless you, your families and the United States of America. 🇺🇸
🚨 JUST IN: Stunning data reveals Christianity is SURGING in the United States
Bible sales: +41.6%
App downloads: +79.5%
Christian music streaming: +50%
What an amazing sight to see.
🚨 INCREDIBLE! It’s just 4am here in Arizona, and the line for Charlie Kirk’s memorial is now a SEA of TENS OF THOUSANDS of patriots
This is HISTORIC!
America is turning out for Charlie! 🇺🇸❤️
@HedgeFundTips@brackendarrell@VFCorp Congratulations Tom! Depth of your questions and detailed preparation was nothing short of impressive. Great interview. Excited to learn more about Bracken Darrell’s vision for the iconic The North Face brand.
Celebrating 250 years of the @USArmy’s unwavering courage and dedication to our great country. Today, we honor all who have served and continue to protect our nation's freedom. Thank you for your service!🇺🇸