CJ2053

4.3K posts

CJ2053

CJ2053

@2053CJ

Katılım Aralık 2022
477 Takip Edilen209 Takipçiler
CJ2053
CJ2053@2053CJ·
@HinataMotivates Look what these gov't bastards have done to the ave. person and family who have much smaller investments.
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hinata
hinata@HinataMotivates·
Former Finance Professor Tad Smith: "After 25 years teaching finance, I finally realised at 58."
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CJ2053
CJ2053@2053CJ·
@cturnbull1968 Federal Debt has set a record EVERY SINGLE DAY on your watch.
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Turnbull
Turnbull@cturnbull1968·
Everyone had the ability to open an IRA. Does the government give you a bonus or something? Is there some kind of match? I don’t get it.
Rapid Response 47@RapidResponse47

.@POTUS: "Beginning at the start of next year, every American will be able to go to TrumpIRA.Gov and open a new, low-cost IRA account. You'll then be able to access the same type of retirement accounts that federal employees enjoy... which are incredible."

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Lance Roberts
Lance Roberts@LanceRoberts·
Great chart of who owns what in the Treasury debt markets.
Lance Roberts tweet media
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CJ2053
CJ2053@2053CJ·
@LanceRoberts I knew Trump would set records but the fed debt record probably going to 65-70 before he leaves is despicable.
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OldTimeHardball
OldTimeHardball@OleTimeHardball·
Larry Bird would dominate today’s NBA Keep an eye on the Hawks bench
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CJ2053
CJ2053@2053CJ·
@bekahj I remember that too, but several decades ago.
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🇺🇸 Bekah 🇺🇸
I’m only 57 but I remember a time when you didn’t even know what political party your friends and neighbors were. We were all just Americans and we were mostly united. What happened?
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CJ2053
CJ2053@2053CJ·
@DanielLMcAdams Dam right Donnie almost rising 1 tenth of YOUR hating America inflation spending Fed Debt.
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Charlie Bilello
Charlie Bilello@charliebilello·
The Fed expanded the money supply by nearly $9 trillion under Powell. Inflation has averaged >4% per year over the past 6 years. Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control. The truth: this inflation was made in Washington as it always is - from too much government borrowing/spending and too much government creation of money.
Charlie Bilello tweet media
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QE Infinity
QE Infinity@StealthQE4·
Everyone involved in doing this to the M-2 money supply should be held responsible for causing the inflation crisis that’s made life unaffordable for 80% of the country. People should go to prison over this. It’s a criminal offense to cause so much suffering
QE Infinity tweet media
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CJ2053
CJ2053@2053CJ·
@BasedMikeLee Yea but it passed and you blow it. Sorry ass repubs.
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Epic Clip Vault
Epic Clip Vault@EpicClipVault·
Top 10 Sitcoms Ever. Did I get it right?
Epic Clip Vault tweet media
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Jessica M
Jessica M@Jesii_ca_M·
Which room would you choose?
Jessica M tweet media
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CJ2053
CJ2053@2053CJ·
@RepEliCrane You're asking us and YOUR THE CAUSE -Student Loans
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Aakash Gupta
Aakash Gupta@aakashgupta·
Warren Buffett, in his first sit-down since stepping down as Berkshire CEO, gave the cleanest indictment of legalized gambling in a decade. He called it a tax cut for the wealthy. The math proves him exactly right. Americans wagered $165 billion at legal sportsbooks in 2025. They lost $16 billion of that. FanDuel pulled $6 billion of the losses. DraftKings pulled $5.3 billion. Every state with legal mobile sports betting collected a tax on the bettor side. New York alone took in over $1.2 billion in 2025 sports betting tax revenue. Layer the lottery on top. State lotteries generate over $90 billion a year. The bottom half of income earners account for roughly 70% of total spend. The average lottery player makes $38,000. A household earning $20,000 spends three times more on tickets than one earning $30,000. The implicit tax rate, meaning whatever the state keeps after prizes, runs 30 to 50% depending on the game. No other revenue source in America has that base and that rate. The structural design is the engine. A single straight sports bet carries a hold of 4 to 5%. A four-leg parlay carries a hold above 30%. FanDuel and DraftKings spent five years rebuilding their apps to make parlays the default product. FanDuel's blended hold rate hit 11.4% in 2025, up from roughly 7% in 2022. The product got worse for the customer and the customer wagered more anyway. Now look at the substitution. Nine US states have no state income tax. Seven of those nine run state lotteries. Seven of those nine have legalized sports betting. The states most committed to never taxing wealth are the same states running the largest extraction machines on people who cannot afford to lose. Read it as policy. Here is what Buffett is actually pointing at. The state needs revenue. It can raise income tax on the top decile, or it can run a lottery plus a sports betting tax. The second option raises the money from the people who can least afford it. The first option becomes politically optional. New York's $1.2 billion in 2025 sports betting tax is $1.2 billion the state did not have to ask of someone earning $5 million. DraftKings and FanDuel sell a privatized collection mechanism for a regressive tax that the state never has to defend at the ballot box again. Voters approve legalization once. Collection runs forever. The state takes a cut. The wealthy get a quieter top bracket. The bettor's cut shrinks every quarter as the parlay menu gets pushed harder. The function of a government, Buffett said, is not to play its people for suckers. Thirty-nine state governments now do.
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Jet Ski Bandit
Jet Ski Bandit@fulovitboss·
Excessive taxes don’t work
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aka
aka@akafaceUS·
Hero neighbor saves child from bear, risks his life. The boy not panicking was the best decision of his young life.
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CJ2053
CJ2053@2053CJ·
@PeterMallouk I hope Buffett's right b/c we got some pretty good idiots running the gov't.
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Peter Mallouk
Peter Mallouk@PeterMallouk·
"No one has ever been a success betting against America since 1776 — and they're not going to be a success in the future doing it, either." – Warren Buffett
Peter Mallouk tweet media
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