Where do you think the $10.5 billion sits, Bernie? That's your problem. You don't think.
It sits in Meta stock. That number is not a pile of cash. It is the market's price on his share of the servers, the data centers, and the paychecks of 75,000 employees.
To pay your tax he must sell. His basis is near zero, so after federal and California capital gains he must dump roughly $17 billion in stock to net your $10.5 billion. Now multiply by 200 billionaires liquidating at once to raise the full $100 billion.
Who takes the markdown when they all sell in the same window? The owners of the other 86% of Meta. CalPERS. CalSTRS. Every index fund, teacher's pension, and 401(k) in the country.
And it is a one-time tax funding permanent spending. California's own analyst projects the state loses income tax revenue every year afterward as the billionaires leave. Eat the seed corn once, then explain the famine.
This is what concrete-bound means. You see a number on a list and mistake it for money in a room. You cannot think ten seconds past the confiscation.
When you watch the videos of the mass migration invasion of Spain, remember this is exactly what their far-left politicians wanted.
This is the Left's playbook around the globe: import millions of migrants, bribe them with amnesty and welfare, and then allow them to vote so they can cancel out the votes of actual citizens.
We've stopped them here in America, for now. But we know it's the Democrats' plan if they win another presidential election.
We are living through a massive information crisis in which at least half the population is being systematically misinformed, making any sane national debate increasingly difficult. Without a shared factual foundation, there is nothing to discuss. People are not merely drawing different conclusions from the same evidence. They are living in entirely different realities.
That is what makes the Fauci story so tragic. He caused untold harm, yet millions of people know almost nothing about it. We can debate precisely how large a role Fauci played in the creation of Covid, but half the country does not even know that Covid came from a lab. We are therefore several steps removed from the basic conditions required to have an intelligent discussion.
Other facts are even more black and white. Fauci’s private diary contradicts what he told the public. His own words reveal a man of almost limitless narcissism. These are not matters of interpretation. They are documented facts. Yet we still cannot have a national conversation about them because the media either refuses to report them or actively lies about them. Anyone who is not on Twitter, which is most people, may never encounter the underlying evidence at all.
The result is that I increasingly find it almost impossible to discuss any of this with ordinary people, whether family members, acquaintances, or people at events or birthday parties. Unless someone has followed the evidence closely, there is no common starting point. Before you can debate what happened, you first have to dismantle at least ten years of falsehoods and omissions.
I do not know how this ends, but it is not sustainable. A country cannot function indefinitely when its people are no longer capable of discussing almost anything beyond sports on the basis of shared factual knowledge.
I fully agree with the principle being stated here— Teams shouldn’t be punished for going on the road to Top 5 programs
The problem is that Texas got beat by 25 at UGA, lost to a talented but poor Florida team, needed a miracle comeback at Miss St and went to OT at UK. They never looked as good on turf as they did on paper.
I will rail against ranking teams by the loss column until the cows come home, but Texas never really showed elite form. They aren’t the best team to champion that cause
Thankfully I have numbers rather than opinions.
The average number of days per year in the U.S. reaching 95°F was ~18% lower during the 60-year period 1961 to 2020 compared to 1901 to 1960.
The number of days reaching 100°F and 105°F have also declined since 1895.
This guy is not a fool. He sees where the power is. He sees no power in thanking America for rescuing his family. Or in pursuing the American Dream. There is enormous power in going against America. He doesn't care that he has become the evil that once hurt his family — he sold his soul for the power of the oppressed and is counting on the “oppressors” to do nothing as usual.
This Canada wildfire stuff is bullshit. And it wrecks American summers. Also never happened until a couple years ago. Now we must pretend it's just normal.
Look. I don’t care what your politics are. This is happening at scale all across the country, and there are real, serious people out there that want to convince you all our problems would be solved by taxing people more. It’s fantasy land
My husband and I are honored and thrilled to participate in the Invest America program and gift a share of our SpaceX stock to a Trump Account for each of more than two million children across our great nation.
Every American child under 18 can benefit from having a Trump Account, but our gift specifically goes to the Accounts of children (ages 11-17) that live in areas with lower average household incomes with a bit more emphasis for those that live near our central Texas home.
We have been fortunate in our careers and hope this gift encourages the next generation to continue the journey of enabling humanity to live and fly amongst the stars.
A huge thanks to all that worked to bring this incredible program to life.
Donald Trump has broken so many people’s brains…
United States have arguably been the greatest host for the World Cup in our lifetime.
People have traveled from all over the world and fallen in love with our country and it’s people, but because Balogun is able to play tonight, after a ridiculous, unjustified, red card, liberals are rooting against the country and saying that we should never host a World Cup again
You people are the worst
Imagine if this happened in one of America's major sports. The complaining team would be relentlessly ridiculed for its fear to square off against their opponent's best players. The coach wouldn't dare this appeal.
This European mentality is so foreign to the American spirit.
The most stunningly successful thing about the American experiment is that in the late 1700s, the thirteen colonies were hardly valuable at all.
They had no known great natural resources, they were far from a jewel in the crown of the British Empire.
The British were far more desperate to keep the profitable sugar islands than the thirteen colonies. That’s why upon the entry of the French to the war, peace was sought soon - and the priority was to keep the profitable Caribbean and control of the seas.
In seeking peace, Britain was thinking with its treasury not its heart. War is expensive. And while losing the thirteen colonies was embarrassing, it was not the kind of hit to the British economy that losing other colonies would have represented.
In stark contrast to the relatively barren North America, the Spanish Empire in South America had vast obvious natural resources. Spain extracted gold. But it never built anything to last.
The United States of America proved what far too many countries are yet to understand today.
The wealth of a nation is not in its natural resources. It is not fixed. The world is not zero sum.
America became the wealthiest country on the face of the planet, not thanks to its soil - but thanks to the men who stood on it.
The institutions they built - the English liberties they codified - created the basis for a stable, prosperous, market economy. Freedom under law.
It’s thanks to the systems of government the founders built that the United States became what it is today.
Were any other group of people - with any other ideas about how a society should be structured - to settle that land, America would be like any other country today.
But it isn’t. And that’s thanks to the enlightened ideas of its founding.
Happy Treason Day, cousins. 🇬🇧🇺🇸
The truth about Ellis Islanders.
- Around 2% were denied entry due to poor health or for holding anti-Christian ideology.
- 33% voluntarily returned home, because there wasn't welfare in the U.S. back then.
https://t.co/p0vno0AofR