Seph Fontane Pennock

8-Figure Exit Founder of PositivePsychology(.com), Quenza & @Regenerated_com | Entrepreneur & Investor | Longevity & Biohacking

[Seph Fontane Pennock @SephFontane]

What we call normal is really a psychopathology of the average, so undramatic and so widely spread that we don't even notice it ordinarily.

[Seph Fontane Pennock @SephFontane]

@codyschneider FBmanager

[Seph Fontane Pennock @SephFontane]

@TuanVy Incredible share 🙏 thanks for this Tuan

[Seph Fontane Pennock @SephFontane]

@KT_Whitaker @ianmiles 👆

[Seph Fontane Pennock @SephFontane]

@NoLimitGains Look at the logarithmic chart for indexes

[Seph Fontane Pennock @SephFontane]

@boringlocalseo LOCALRANK

[Seph Fontane Pennock @SephFontane]

@X_FINALBOSS BLUEPRINT

[Seph Fontane Pennock @SephFontane]

@casglb Lmk if you wanna hang sometime, I’m also in Dubai

[Seph Fontane Pennock @SephFontane]

@scaling_shields VAULT

[Seph Fontane Pennock @SephFontane]

@X_FINALBOSS HOW

[Seph Fontane Pennock @SephFontane]

@denohawari LLM

[Seph Fontane Pennock @SephFontane]

@casglb It’s beyond fucked up. The shit I experienced with Meta “support” would make even Kafka throw up in his mouth a little bit.

Indeed. Fuck @Meta

[Seph Fontane Pennock @SephFontane]

@jordan_ross_8F marketing

[Seph Fontane Pennock @SephFontane]

@PhantomStays Chase

[Seph Fontane Pennock @SephFontane]

@TheMattBerman @openclaw @vishalojha_me @Meta ADS

[Seph Fontane Pennock @SephFontane]

@heynavtoor Okay, you have changed the way I work in one article. Forever grateful!

[Seph Fontane Pennock @SephFontane]

@MetabolicCowboy @metabolicwave @haidut I sometimes use Cypro for sleep though but I am reading that Metergoline can have an activating effect, instead of sedating… do you use Metergoline for sleep?

[Seph Fontane Pennock @SephFontane]

@recap_david AI ADS

[Seph Fontane Pennock @SephFontane]

@DrJesseMorse I’ve personally undergone HAT (haemoadsorption) and INUSpheresis in Switzerland. Experienced meaningful improvements in brain fog, mercury burden, and cognitive function.

[Keith Rabois @rabois]

@ivanburazin they are envious.

[Chamath Palihapitiya @chamath]

It’s not 1% a year for 5 years.

It’s a one time 5% tax on all assets and it will kill entrepreneurship in California.

Here is an example:

John Doe starts a company. He takes a nominal salary - say $150k for this example - and the rest in equity in the company. Let’s say he owns 20%. He raises VC capital in 2026 from someone that invests $100M into the company and values the company at $6B. This means his 20% is “worth” $1.2B.

I put it in quotes because he can’t actually sell. He has a paper value that putatively says he’s a billionaire. But he actually lives on $150k because that is what his income is. Just because someone decides to make a bet on the business does not mean some bank account in your name magically gets created with $1.2B in it.

Under the proposed tax, however, John Doe would now owe $60M in cash to California in 2027.

How will he pay it?

Is there some buyer you know of, that the rest of the market doesn’t, that will do a deal at the max value when there is a distressed seller like John Doe who needs money he doesn’t have to pay taxes on value he also doesn’t have!

Now imagine that after the tax is assessed, in early 2027, the company takes a write down to $200M. Now his share is $40M. But he still owes $60M. Again, there are no buyers for his shares per se.

He still only makes $150k/yr.

What is this person supposed to do? He now has a “worth” of $40M but owes California $60M.

Should he declare bankruptcy now because he tried to start a business but was retarded enough to do it in California?

So did you really get the billionaires??

No. Because the mega billionaires have already left or are tax structured to minimize the tax or will fight it.

You will, however, drag a bunch of young, energetic folks who want to make things and hire people into bankruptcy court.

Awesome work, Ro. You should be proud.