Michalis Potamias

[Michalis Potamias @mpotamias]

My app and bot are starting to look useful. Health insights & nutrition.

App is super private (your phone) , bot is super easy (my server).

Building them exactly as I been craving to use them.

Should I distribute them, should I not, that is the question 🤔

[Thomas Sowell Quotes @ThomasSowell]

“One of the great mistakes is to judge policies and programs by their intentions rather than their results.”

— Milton Friedman

[Shane Parrish @shaneparrish]

Atlas Shrugged should be mandatory reading in high school.

[Michalis Potamias @mpotamias]

@bscholl True. But:

[Milton Friedman Daily @MiltonFriedmanW]

“The hardest thing in the world is to get rid of any government program, however badly it works.”

— Milton Friedman

[Thomas Sowell Quotes @ThomasSowell]

What Thomas Sowell says about the real causes of poverty.

[david friedberg @friedberg]

why not just raise income tax rates?

because your real intent is not to just “provide healthcare”.

you’re masking that you are proposing the creation of, for the first time in the 250 years of this American republic, an organized government seizure of private property from citizens.

you’re calling it a “wealth tax” or a “billionaires tax” or “millionaires tax” or whatever nom du jour polls well. but at the end of the day, it’s the seizure of private property from citizens by the government. citizens that earned money, paid their fair taxes on those earnings (53% if they live in California) and are now being told they need to hand over after-tax assets because the government has failed to provide promised services with the revenue it’s collected, and are now re-casting their own failure to be a socio-economic inequity that must be justly resolved... a slippery slope that has never gone anywhere good (see economic effects in USSR, Cuba, Venezuela, France and Norway wealth tax etc.)

the American founders fled tyranny in Europe and this amazing nation was populated by immigrants (myself and your parents) from around the world not just looking for a “better life” but for a place where they could have freedom from tyrannical governments that can take what they want from private citizens. a great nation borne of property rights, the rule of law, and endowed freedoms to believe, speak, or act. these principles led to the greatest run of innovations, successes, and widespread increase in prosperity, for all citizens, ever seen.

the citizens, the individuals, not the institutions, delivered this progress. those who invented, who toiled, who bled, who sacrificed, who took risk and persevered, who led, and who changed the world, are not charlatans, kleptocrats, or oligarchs. they’re what made us all better off. prosperity is a measure of america’s success, not its failure.

it is your principle that is so offensive, as evidenced by the broad disdain for your flippant flirtation with the darkest of human fantasy - socialism. you and other neo-socialists have led so many of us to reflect on America’s history and what it is becoming. that now leads so many to consider, so unnecessarily, leaving their homes for a place where everyone stands up to shout down the principle you suggest. because if your ideas are now considered moderate, it’s clear this titanic is sinking.

that a “simple tax” of taking assets that have been earned, through toil and tribulation, rightly taxed, and preserved, should now be unjustly seized, is your solution to a problem of obvious government mismanagement and outright fraud, tells us that your true motivation lies not in giving people healthcare but in cutting down success and deleting the system of prosperity and opportunity for all.

i don’t care, and neither should anyone else, what the sum total market value of a private citizens private assets might be. it is none of my business and should be none of yours. because, again, once you open that pandora’s box, we might as well study Lord of the Flies … there is literally nothing stopping 51% of citizens demanding that their government go out and seize 100% of the private property of the 49%.

want to give healthcare to people in need? do your job and fix healthcare. make it affordable. want to be lazy about it? then do your job lazily and raise income taxes.

want to take private property from private citizens who have paid their fair share of taxes and legally earned their property, then honestly declare that it is envy, not inequity, that you strive to resolve…

[Michalis Potamias @mpotamias]

@NewYorkStateAG @Hyundai @Kia Turn the frog to simmer.

[Michalis Potamias @mpotamias]

@BillAckman Yes.

Property rights, financial literacy, and agency are the best investments we could make in children. Fantastic donation.

I hope you and others setup a major fund to follow through in a sustainable way. You don’t need the government for this.

[Michalis Potamias @mpotamias]

@MichaelDell What a meaningful donation.

A financial head start and an opportunity to financial literacy for every kid will go a long way.

More brilliant entrepreneurs can follow suit and fully fund this program without the government. Still, credit to the gov for the initiative.

[Michalis Potamias @mpotamias]

@DavidSacks Give ‘em hell.
Country is lucky to have you.

[Michalis Potamias @mpotamias]

@paoloardoino 🤣😅🥲

[Michalis Potamias @mpotamias]

@SquawkCNBC @hakeemjeffries Thank you, Becky.

[Michalis Potamias @mpotamias]

@LPNational Satoshi Nakamoto

[Michalis Potamias @mpotamias]

@ecb Step 1.

Step 2 is going to be to make cash illegal. And oh! all of a sudden, the government and plenty unelected and economically illiterate bureaucrats will be part of every single transaction you make! And then they will be approvers. And then censors.

Welcome to serfdom.

[Michalis Potamias @mpotamias]

@MarioNawfal Greek Cyprus?
You mean, Cyprus?

[jack @jack]

we need a de minimis tax exemption for everyday bitcoin transactions

[Michalis Potamias @mpotamias]

@ecb I just read your so called mandate. Nowhere does it refer to “posting policy opinions, name dropping, randomly citing the number 5, to justify funding of corrupt causes and further inflation of the Euro”.

[Michalis Potamias @mpotamias]

@ecb Gibberish

[Michalis Potamias @mpotamias]

@friedberg a litmus test for New Yorkers

[Michalis Potamias @mpotamias]

@ecb Bitcoin is worth 6X more in Euro than it did on November 30 2022 when the ECB posted this.

Who is “on a road to irrelevance”, I wonder.