Joaquin Reyes

Building saas for sports clubs

[Martin Varsavsky @martinvars]

In March a Los Angeles jury ordered Meta and YouTube to pay 6 million dollars to a 20 year old woman who claimed she was addicted to social media. Her own therapist never documented social media as a cause of her problems. It made no difference. Now four states, led by California, are seeking up to 1.4 trillion dollars in penalties from Meta at trial in August. That is nearly the entire market value of the company, a sanction with no precedent in the history of consumer protection anywhere on earth. Another 43 states have their own lawsuits pending.

This can only happen in the United States. The American system combines lawyers who keep up to 40% of what their clients win, civil juries, unlimited punitive damages, and no rule that the loser pays. The result is a litigation industry that costs over 500 billion dollars a year, more than 2% of GDP, roughly 4,200 dollars per household. As a share of the economy it is double Germany’s and triple Britain’s. And Americans live just as safely as Germans do.

The plaintiff firms convert their fees into political donations, and 99% go to the Democratic Party. Those politicians block reform and pass laws that open new avenues for litigation. Lawyers sue, collect, donate, and keep suing. It is a perfect cycle financed by the American consumer, and the rest of the world is right to stay far away from it.

[Joaquin Reyes @joaquinreyesv]

Make fable 5 great again

[Nick shirley @nickshirleyy]

🚨 Today the California Senate Committee held a hearing on the “Stop Nick Shirley Act,” known as AB 2624. This bill will criminalize and punish anyone from looking into fraud inside immigrant communities in California.

This bill was created only after I exposed billions of dollars in fraud throughout immigrant communities in the US. “Immigration support services” have become a billion dollar industry in California, and now that the fraud has been exposed, they are trying to criminalize those who look into the fraud.

The bill has passed through the California Assembly and is set to pass through the Senate and then to Governor Newsom’s desk. This bill was created by the Attorney Generals WIFE and will allow him to go after citizens if they film nonprofits and “immigration support services providers”.

Welcome to Califraudia.

[Joaquin Reyes @joaquinreyesv]

@nicksortor Elon borrowing some Jensen vibe with that leather jacket lately

[Handre @Handre]

Milton Friedman's greatest regret.

The federal government discovered the perfect crime in 1943: make employers collect taxes before workers ever see their paychecks. You think you earn $60,000 per year, but you actually earn $75,000 and hand over $15,000 to politicians without ever touching it. The psychological difference is enormous.

Before payroll withholding, Americans wrote quarterly checks directly to the Treasury. Picture yourself sitting at your kitchen table, writing a $3,750 check to the IRS every three months. The pain was immediate and visceral. Politicians faced constant pressure to justify every dollar because citizens felt the extraction in real time.

Withholding transforms this concrete loss into an abstract accounting entry. Your employer becomes an unpaid tax collector, and you never experience the actual cost of government. Worse, most people celebrate their tax refunds as government generosity rather than recognizing them as interest-free loans they provided to politicians. The Treasury collects your money throughout the year, spends it immediately, then returns your own cash and receives gratitude.

This system enables the explosion in government spending you witness today. Defense contractors billing $640 for toilet seats, agricultural subsidies for corn syrup, and congressional salaries for 535 people who rarely show up to work. When taxation feels painless, voters stop demanding accountability for how their money gets spent.

Milton Friedman helped design withholding as a wartime emergency measure and later called it his greatest regret. Free market economists recognized that the psychological pain of direct taxation creates political pressure for fiscal restraint. The temporary always becomes permanent in government hands, and the emergency justification disappears while the extraction mechanism remains forever.

[Joaquin Reyes @joaquinreyesv]

@paulg Where does Y Combinator name comes from ? Seems that you don’t have any essay explaining it or its story

[Mariana Aylwin @maylwino]

@tio_Moscha @angelicarojasc Es una vergüenza para Chile este nivel de parlamentarios incapaces de tener una actitud que mire más allá de sus mezquinos intereses , incapaces de trabajar para construir … indignante

[Glenn Meder @GlennMeder]

🧵 THREAD

1/ Online age verification is the hill to die on.

Not a fight you can sit out. Not a battle you can skip. Not a policy you can afford to ignore while you focus on something else.

This is it. This is the line. This is the infrastructure that enables every other piece of the digital control grid.

If we lose this fight, we lose everything.

[Joaquin Reyes @joaquinreyesv]

@MarieGustin4 @brivael Entrepeneurs are the ones that put the most hours, ironically. They work 3x the average employee and all responsability its in their shoulders. They work for their customers / shareholders. If youve never been one then you can't imagine.

[Lautaro Carmona @LautaroCarmona]

En el natalicio de Vladimir I. LENIN, reafirmamos el carácter leninista del Partido Comunista de Chile

[Joaquin Reyes @joaquinreyesv]

@AngelaBelcamino USD 0.99 to post

how would it shift the timeline

[Joaquin Reyes @joaquinreyesv]

@phil_mcalister well, actually already invented. It’s called capitalism 😅

[Joaquin Reyes @joaquinreyesv]

@mattressguy_ eight sleep? recommend it?

[Joaquin Reyes @joaquinreyesv]

@fiddyresearch @JustJake bullish on railway! first incident so far, will keep betting on them

[Joaquin Reyes @joaquinreyesv]

same thing here, i was only warned by our customers and we spent 45 minutes debugging thinking it was a bug in our code, until railway release a notice ~1 hour into the issue. If you would’ve warn us instantly then we could’ve approach this faster and would’ve result in less customer pain.

[AXEL KAISER @AXELKAISER]

Esto pasa por meter a los hijos tontos de los ricos con complejo de salvadores zurdos marihuaneros a gobernar

[Joaquin Reyes @joaquinreyesv]

@travisk 🚀

[Joaquin Reyes @joaquinreyesv]

@ReflctWillie cool! but didnt work for me

[Dhravya Shah @DhravyaShah]

It's not even been 24 hours yet... and we're viral everywhere. Github, hackernews, 500k impressions on X.

and guess what... we have MORE LAUNCHES COMING