Ron Tarro

Angel Investor and Advisor. Telecommunications, Cryptography, and Software Entrepreneur. Former CEO. Former Software Engineer @NWIInvest @FAUTechRunway

[Ron Tarro @rontarro]

Also. Government should not tax what people own (like their primary residence). Taxation is a great hardship for families who are experiencing a financial instability, and nobody should leave a home or not change homes because of taxation. It is better to tax what people do (including maybe sale of the home).

[Ron Tarro @rontarro]

County tax receipts across Florida have increased by 100% over the last few years. This has been powered in part by the rise in taxable value of homes as they are bought and sold. This increase in tax receipts will continue. A3 represents a small drawdown (maybe 10%?) from that increase. How were county services provided just a couple years ago before the tax boom.

[Ron Tarro @rontarro]

@grantstern This is not true. And you’ve cleverly ignored the fact homestead taxes are not the only source of county funding. You’ve also ignored the fact that county tax receipts have generally doubled across the state over the last couple years (and this represents maybe a 10% drawback).

[Ron Tarro @rontarro]

@JeffreyBrandes Well actually, I think you’re the one shifting the conversation?

[Ron Tarro @rontarro]

Brandes, you’ve missed the fundamental taxation change from A3.

A3 shifts taxation away from what someone OWNS (like a house) while leaving open a pathway to what they do (taxing economic transactions like selling a house). Taxing a person’s home creates real risks for people. No person or family (especially those experiencing financial distress) should be forced from a home for tax reasons … or unable to change homes thus forced into rentership because of the elevated tax basis created when purchasing that new home.

To illustrate, because you seem to like numbers: Every time a house sells, its tax basis resets to the new market value purchase price. I purchase a house for $250K and ten years later sell it for $500K. That’s a tax receipts increase for the county!!! The fact that you exempt homesteads from this tax inflation is offset by this continuous growth in county receipts for all other properties.

Suggestion: broaden your analysis.

[Ron Tarro @rontarro]

@burhansebin @thesolonangel @Markis @rontarro and @nwiinvest

[Ron Tarro @rontarro]

You’re not showing the complete numbers. What % of total county taxes receipts are from homestead? In my city it’s 18% and remember this is not zeroing out that tax, just exempting a portion of it.

The path forward, don’t tax people for owning things. That is essentially a taking of that asset. Instead, tax economic activity, including the sale (and deed transfer) of a house.

[Ron Tarro @rontarro]

You mean this is what taxpayers have retained of their personal earnings. Regardless. Governments should not tax what people own. They should tax what people do. In this case raise taxes on the sale of a house not tax for the privilege of living in your own home. In particular taxation should never be a reason to lose or vacate a home … especially for families experiencing financial instability.

[Ron Tarro @rontarro]

So County Tax receipts have increased by nearly 100% over the last couple years and A3 pulls that back maybe 10% so all the county services are falling apart? Parades, fire/rescue, police, bus service, culture, trash, everthing! Unlikely. Note also that property taxes are set to rise because every time a house is sold, it’s tax basis is adjusted upward for the new owner.

Here’s the deeper issue: governments should not tax peoples assets (homes). They should tax economic transactions (selling the homes). A3 forces movement in this direction.

[Ron Tarro @rontarro]

@readswithravi “Who owns this Sentence? A History of Copyrights and Wrongs” by Bellos and Montagu.

[Ron Tarro @rontarro]

@nic_carter NIST has been working on quantum-secure cryptography standards for a decade. Lattice cryptography is tested and implementations of that cryptography exist. This Florida company @pqsecure has PQC implementations in both silicon and software (disclosure: I’ve advised them). With quantum resistant cryptography implementations built, the decision to trigger PQC integration projects is the open question. Best not done amidst a disaster.

[Ron Tarro @rontarro]

@readswithravi 50/50 digital+audible/physical

[Ron Tarro @rontarro]

@scottmelker Why so little attention to multisig products like Casa? It seems like collaborative custody is the right path?

[Ron Tarro @rontarro]

@phil_geiger @Ledger Why no mention of Casa and Unchained?

[Ron Tarro @rontarro]

@MartyBent @MartyBent now spend more time on collaborative custody and multi-sig? Spend some time with @Lopp and others?

[Ron Tarro @rontarro]

@LukeMikic21 Why is there so little discussion of multi-sig and collaborative custody products?

[Ron Tarro @rontarro]

@nic_carter @EricBalchunas @nic_carter Small team. But is code quality so easily correlated to team size? You can reasonably argue that larger teams imply more potential failure vectors (especially with growing complexity). The path to mitigation is architecture (multi-sig anyone?). @lopp

[Ron Tarro @rontarro]

@lopp @lopp I ran into this company a while back. Uses cosmic radiation / muons as foundation for randomness. https://t.co/FB7yKPchZC

[Ron Tarro @rontarro]

@PeterMcCormack Peter, why is multi-sig not the primary focus of conversation given this breach?

[Ron Tarro @rontarro]

@nic_carter @ZynxBTC Why is multi-sig so under discussed?