thisun opatha

[thisun opatha @thisunopatha]

“I dive for passion and always wondered if it would have purpose. Last two weeks was what I prepared for my entire life.”
-John Volanthen -

#ThaiCaveRescue

[MrBeast @MrBeast]

BEAST GAME EPISODE 3 IS OUT NOW!

To celebrate, I'm giving away $100,000 total to 10 random people who like and retweet this post!

Go watch it here: https://t.co/Yntf9E7FTN

[thisun opatha @thisunopatha]

@RameshSchaffter @CTASchaffter 😂😂

[NewsWire 🇱🇰 @NewsWireLK]

Wesley College event : President announces plans to promote AI education
https://t.co/DkQ0NuBKjO

[Ceylon Exchange Mentoring @cem_lka]

The renowned content creator MrBeast has once again made headlines. His first video on Twitter's monetization platform, 'X', has generated a staggering $250,000 in revenue.

Despite his acknowledgement of the unusual circumstances surrounding this achievement, with advertisers seemingly drawn to the video's viral potential, this feat highlights the powerful combination of strategic content creation and social media’s reach.

MrBeast's candid reflection on the situation offers an insightful glimpse into the dynamics of online content monetization, where engagement metrics can translate into substantial earnings.

#youtube #twitter #socialmedia #SL #MrBeastFans #cem #finance #X

[Numbers.lk @numberslka]

📉📈 Tax Expectation vs. Tax Reality: A Case Study of the Excise Department

⭕️In 2023, the government raised taxes on liquor and tobacco by over 40%, yet the revenue increase was only 4%. This shows that higher taxes do not necessarily yield higher revenue, an important lesson for policymakers.

1. 🇱🇰 In 2022, Sri Lanka's Excise Department reported a revenue of LKR 170 billion.

2. 🚬🥂 Aiming to boost tax revenue, the government increased the excise duty on liquor and cigarettes by 20% in January 2023 setting a revenue target for the excise department of Rs. 217 billion.

3. 📊 The immediate impact of the tax hike was concerning at the time- a 35% decrease in expected excise revenue was reported during January and February of 2023.

4. Despite early indications of declining revenue, in July 2023 the government further increased the excise duty by an additional 20%.

5. At the end of the year, after a total tax increase of over 40%, the excise department's revenue stood at just LKR 177 billion, marking a modest 4% increase.

6. This was particularly striking, considering that 2022—a year marked by lockdowns, fuel queues, and economic turmoil—had already significantly dampened liquor sales, which were predicted to grow significantly in 2023.

7. ⚠️ These numbers make it abundantly clear that higher excise duties do not lead to higher revenue as policymakers expected.

8. In 2024, the government continues its approach of increasing taxes on these products, despite clear indicators of its ineffectiveness. It's evident that alcohol pricing has exceeded its sweet spot, the ideal point where the government could maximize its revenue.

9. Those who don't buy alcohol & tobacco legally are not quitting, they are moving to illegal and unsafe alcohol and tobacco products, like Kasippu, bedi, and cannabis, risking a more severe health and social crisis in the coming years.

10. Sri Lanka needs a strategy for pricing these products that is both well-informed and grounded in data. Continuously increasing taxes in a blind pursuit of higher government revenue is likely to be counterproductive. Additionally, this approach could give rise to further issues (societal/healthcare) that the government will be compelled to address in the future.

#SriLanka #Economy #ExciseDuty

[Thomas Chua @SteadyCompound]

Charlie Munger final interview with CNBC:

Is there anything left on your bucket list?

Well... I am so old and weak compared to when I was 96 I no longer want to catch a 200 lbs tuna...

...I would have paid any amount to catch a 200 lbs tuna

[The Wise Investor @SLWiseInvestor]

"Too many people spend money they earned to buy things they don't want to impress people that they don't like"

[thisun opatha @thisunopatha]

@philosophysage @SaveToNotion #thread

[thisun opatha @thisunopatha]

@MovieWorldHQ @SaveToNotion #Thread

[thisun opatha @thisunopatha]

@TheBarmyArmy Ranjith Fernando 👀

[thisun opatha @thisunopatha]

@Mindset4_Life @SaveToNotion #thread

[thisun opatha @thisunopatha]

@SaveYourSons @SaveToNotion #thread

[thisun opatha @thisunopatha]

@Artifexx @SaveToNotion #thread

[thisun opatha @thisunopatha]

@Prathkum @SaveToNotion #thread

[thisun opatha @thisunopatha]

@aaditsh @SaveToNotion #thread

[thisun opatha @thisunopatha]

@hasantoxr @SaveToNotion #thread

[thisun opatha @thisunopatha]

@MindPsychology_ @SaveToNotion #thread

[thisun opatha @thisunopatha]

@TheBarmyArmy ‘Papare’ bands ❤️

[thisun opatha @thisunopatha]

@IAmClintMurphy @SaveToNotion #thread