Gary Wallace

@DeadlyKlappy87 @joecarlsonshow As an ER Doc you may want to familiarize yourself with the concept of “dumb doctor deals.”

@joecarlsonshow Just out of curiosity, what don’t you understand about 50/50? CNBC wants to get Ryan to give our secrets and he wasn’t having it

I usually agree with Shkreli on most subjects. But this is a terrible take. CNBC's line of questioning was extremely straightforward and fair. They did not ask loaded questions. They did not try to ask any "gotcha" questions. They did not accuse him or mock him in any way. CNBC acted exactly how a journalistic entity should when interviewing a CEO. They simply gave him an opportunity to explain the transaction and he acted like a petulant child.

@ferventfinance Most beachfront hotels are gross unless you’re at a Four Seasons level resort. Go to a place like 30A FL or San Diego CA and Airbnbs are superior.

Who uses Airbnb outside of bachelor/bachelorette parties and parents with small children? What is the other use case? People who like chores and to stay in dirty STRs?

@SenSanders If the question were how do we ensure we don't have sufficient wartime energy resources, this would be a good answer.

Big Oil is making a $30 million windfall profit every HOUR by using the Iran War as an excuse to rip off commuters at the gas pump. This year, Exxon will be spending $20 billion of its profits on stock buybacks. We must end the Iran War and pass a windfall profits tax — NOW!

@BretWeinstein Everything's a conspiracy to people who don't know how anything works.

This seems like nothing, but it's obviously something. It's possible to deduce things from subtle cues, but it is impossible do it reliably, on cue. Certainly not pin numbers or baby names. It's done with surveillance. And the message is obvious: We know your secrets.

@billybinion She has Sanchez envy.

This myth just won't die. In 2024 alone, it's estimated Jeff Bezos paid almost $3 billion in taxes. Painting rich people as tax avoiders plays great on social media, but it's not reality. The U.S. has the most progressive tax system in the developed world.

@dampedspring True.

@ChetSucks AND/ BUT run the post deal company.

I get why people want to hate on this douchebag. But imho it's totally reasonable for a small company to buy a much much larger company with debt and equity issuance. Anyone with even a few years of skin in the game have seen leveraged buyouts and leveraged merger transactions. Frankly I even get the overlap between GameStop and EBay in terms of collectibles and other consumers stuff. People do leveraged buyouts/mergers for much less valid reasons. If you don't think the debt funding is secured sell $EBAY. If you don't think the deal is good for $GME shares because they are paying too much sell the share. But a 50/50 debt equity deal isn't outrageous.

@TomSteyer Umm no. Chevron has done more good for Californians than you ever will.

I think Californians can agree: Chevron IS the bad guy.

@JBKSchlossberg Is this satire?

DEDUCT YOUR RENT. FROM YOUR TAXES. My renter’s deduction is hard to argue with !! This is the common sense policy we need.

@Matt_Titan_ Motivate the head of marketing to work nights and weekends by tweeting about his lack of commitment.

Real operator dilemma I'm facing this week: Keep the head of marketing who does decent work, leaves at 5pm sharp, never works weekends, and refuses to do anything outside his lane? Or replace him with someone more expensive who'll do marketing, permits, phones, material orders, and whatever else we throw at them? I can only keep one. What would you do?

@jef_gla @cartermcclung You don't need to create an LLC or any other entity to do that.

@cartermcclung An LLC can get you a solo 401k for which you can shield income from taxes and let it grow tax free.

I don't know who needs to hear this, but: 1. A revocable trust doesn't save you money on taxes. 2. An LLC doesn't save you money on taxes.

@scrubjay__ @devahaz Prop 13 is a boomer subsidy that distorts the market by reducing supply and forcing new buyers to bear more of the burden of funding local government expenses. New communities wind up having to impose additional taxes (Mello Roos), exacerbating the divide.

I think it's more that people feel it's unfair to be charged unrealized capital gains tax, particularly when home values skyrocketed so rapidly since covid. CA's Prop 13 mostly fixes this and I will die on the hill that it's a great law and YIMBYs can seethe about it. Prop 13 isn't what's causing CA's housing woes; it's regulations and zoning.

I wonder how many of these people understand they’re arguing for rich people who can buy their home with cash up front to never owe a dime of property tax, while making people who have to take out loans to buy a house pay all the property taxes for 30 years

@TomSteyer Let me get this straight, you have $140 million to spend on ads for your hopeless campaign… and you’re complaining about how PG&E spends $10 million?

So let me get this straight: PG&E has $10 million to spend against me in the governor’s race, but can’t afford to cut your electricity bills?

@RampCapitalLLC i'd wonder where the rest of my money went

If $5 million appeared in your bank account today, would you quit your current job immediately?

@JohnDalyBooks name checks out

Like I said, stunning...

Folks, I'm well aware that Trump is on an entirely different level (I've argued that for over a decade). But the incapacity of so many Obama fans, to understand how even very Trump-critical people like me can find Obama needlessly partisan and polarizing, is stunning.

@susancrabtree @XavierBecerra Does he think you're buying a lifetime policy when you buy homeowners insurance?

.@XavierBecerra says he will place a freeze on insurance companies dropping policies or increasing prices -- and if courts object, he says he will launch an investigation into the insurance companies' business practices. "My mom, who has had some homes for about 30 years, lost her insurance on one of her small houses. Never made a claim on that home. She lost the insurance coverage she had. By the time she was able to find it again, she had to pay more than twice as much for that insurance coverage." "Why after so many decades of paying that insurance company, premium after premium after premium for month after month, year after year, can they just so all of a sudden, cancel you and say goodbye? Moderator: Because they're a private industry. Becerra: That wouldn't be good enough for me as governor.

@C__Herridge @Comey The bigger news here is that an investigative journalist with 1M followers thinks discovery is a thing in criminal cases.

Consciousness of Guilt Behavior: If the @comey case gets as far as discovery, his contemporaneous texts, emails and other communications will likely reveal his intent and unfiltered response to the public backlash over his Instagram post. Comey took down the Instagram post the same day, claiming he believed "8647" was political speech, not associated with violence.

@isaiahberg @BoringBiz_ Who needs to use a compass?

@BoringBiz_ Like people who spend their whole lives with Google Maps and cannot read a map or use a compass

Spoke with a former colleague of mine who is currently at a hedge fund and involved in new analyst recruiting for his firm He has been interviewing candidates from banking and private equity backgrounds for the past month or so Apparently there has been a massive surge in kids who simply cannot figure out what the business model or revenue recognition of a business is with just the 10K in front of them One of them completely botched the case study, and when asked, simply answered that he uses ChatGPT and Claude at his current job to figure out the details Clearly an early sign of cognitive decline in analyst capacity coming because of AI

@pitdesi @naval The question is not whether they support it now, but will they defend it in court after it passes.

Everyone is getting this wrong: The politicians in California are pretty terrible, but you can't blame them for the wealth tax... they actually killed the idea 2 years ago. Our uniquely bad form of direct democracy is the actual culprit. Democratic Socialist assemblyman Alex Lee introduced the wealth tax in Sacramento (AB 259) 2 years ago. It was not popular, it actually did not even make it to a vote. It was deemed too leftist even for the California legislature. So why is it back? California's uniquely bad form of direct democracy lets you bypass the legislature if you get enough signatures... You can put almost anything on the ballot if you get signatures. That is what the SEIU-UHW, the healthcare workers union did. Union leadership spearheaded this initiative and funded the campaign directly to collect signatures for the wealth tax. They collected signatures by going around asking if people want more money from billionaires to fund hospitals, healthcare, food aid, and schools... naturally people said yes without realizing the consequences. The only major currently elected official from California that supports it is Ro Khanna. My guess from seeing his support on twitter is that Ro decided to support it without understanding it and then dug his heels in for some stupid reason (he actually acknowledged that it is bad as written). Tom Steyer and Saikat Chakrabarti who are running for office also support it (we need to do everything we can to oppose them). I can't believe I'm defending California politicians, but remember - they actually rejected a wealth tax. This is a union-backed ballot initiative trying to go around them.

@IfindRetards Thyroid disorder?

What the hell is going on in Hollywood at the moment?