SMC

@EmanuelSchucha1 @PeterMcCormack So how does that apply to young people? Does a 18yr high school grad need to earn the same as an older head of household with a house and kids?

@PeterMcCormack The calculation is that someone working full time earns enough to not need government subsidies as a single household in the region they're in. I don't want to subsidize wages with my taxes just so a biz owner can save cost. If you can't pay min wage, you're not ready to employ

Thanks Harry. Anyway, how about answering the question, it is really simple, why not set the minimum wage at £20? I'll be waiting.

@BcdLegacy @BeldinAndrew @Hasbro Ohio 2.75% income tax? In TX definitely a sliding scale on the property tax vs income tax.

@BeldinAndrew @Hasbro I hear you. I’m in Houston & leaving to go back to Ohio. Our house in OH will cost more for less space but education, infrastructure, healthcare, & public services are substantially better. Even paying more for the house, our payment will be less b/c taxes are that high in TX.

If you’re wondering why #WOTCStaff is unionizing. Seattle news lists 182k needed to buy a med home priced at ~832k. Austin TX median home is $426k w/ $132k annual salary needed to buy. Many people working at WOTC can’t afford to buy a house while @Hasbro made $1B in profits.

@MCorleCapital @johnarnold Long dated oil has surprisingly got cheaper since the war started. For example take a look at CL Z33.

@johnarnold Shorting of oil by U.S. & Japan & buying long dated oil to an extend without new oil entering the market is itself a call for panic bid higher.

The fair market value of oil ticks up every day that goes by without an articulated plan for how to end the war.

@bp22 Does anybody consider Willowbrook Mall Houston?

Austin ?😭

@recursivedragon @christinaqi Agreed. Hinges on your definition of ‘Retail’. Is retail the opposite of Institutional or Professional. Lot of solo professional traders I don’t think of as being retail.

@christinaqi The 17yos gambling with Daddy's money aren't using Databento. They definitely exist though.

I spoke with 3 Databento users who are retail traders. All 3 used to work at Tier 1 prop shops. It makes me think… the stereotype that retail traders are 17yo kids gambling daddy’s money on 0DTE options is kind of false…? And even those without institutional experience are smart af…?

@shawngorham While that’s definitely true there’s also an ‘opportunity cost’ that’s being ignored. If company one owns the land - that land has value. Using it and treating it as zero cost is wrong. Lot of businesses don’t correctly account for that.

Overhead - one of the least talked about things in home services Some of these legacy companies own their real estate (usually free and clear) that was bought decades ago Company one - little to no building/yard expense Company two - pays $20,000 a month the rent the same property Now do this with all the other items, equipment, tools, transportation, assets etc The same two companies can have drastically different overhead

@patio11 Once I was self employed I was unable to get any LTD at all. To much abuse apparently by others.

Oh: own occupation LTD is harder to get if you're self-employed or working at a company you own. Not impossible (the ~best clients for it are doctors frequently in private practice) but you'll have to jump through some hoops and present as Executive rather than SMB Owner.

My annual exhortation: You, reader in the tech industry, should have plural million dollars of term life insurance coverage outside of that offered through employer. You should also strongly consider own-occupation long term disability insurance.

@shawngorham Of course. They feel better about themselves saying that than ‘I take advantage of people’. Whether it’s true or not people don’t think like that.

@SMCJB every wholesaler will tell you they add value

92 year old seller - still very sharp First thing I did is ask if she had family close and make sure they were in the meeting I could have swiped a lot of equity, but then I would have to look in the mirror and sleep at night What I have noticed about older sellers they have price anchored to a value long past and they cant imagine what current market value of their house is. They bought for $48k they made $18k a year in income, they stopped being active in trading and knowledge 20 years prior and cant imagine how a person might have $1mm to buy their house and how incomes are $200k This is why its so easy for wholesalers to swipe equity from older sellers. I believe in doing the right thing for others We made an offer based on our desired ROI and profit which Ive shown 4 examples this week. Not more, not less. Same offer we make to experienced sellers Open, transparent, honest, do the right thing, pray and trust God. 3 flips and 3 brokerage deals this year so far - haven't prospected once. btw - person who gave us this lead called this a "hoarder home" this is NOT a hoarder home

@fuckyouiquit Benefits are also capped or are you arguing that Billionaires should also get $1M/month social security payments on the grounds that they paid in so much? (And whether they need that money is not the debate)

Every dollar earned below $184,500 a year has a Social Security tax of 12.4%. Everything after that cap is exempt. If we lift this cap on the wealthiest earners, Social Security would be fully funded till 2070. The cap should not exist.

@jasonwhitlock @JJWatt So using this logic, if your an immigrant, no family, who doesn’t believe in god, and your not wealthy then no obligation to tip at all?

This is a great question with no perfect answer. Here's why you should tip. You've been incredibly blessed by God by things you had nothing to do with. You were born in America. God blessed you genetically. You had great parents, family members, friends, coaches and teammates who poured into you with no expectation of anything in return. You have healthy children. A mindset of gratitude is why you should tip. It's an opportunity to say thank you to God by sharing a tiny bit of your good fortune. I think a 15 percent tip is appropriate. If it's a place you go regularly, leave 20 percent. I'm glad you asked this question because it's one that has crossed my mind and you've helped me reach a conclusion. God bless, big fella.

Genuine question on a restaurant situation: You walk up to a counter to order. You find your own table and seat yourself. If you order coffee, they hand you a cup and you go fill it up yourself. If you order food, they hand you a buzzer and when it goes off, you go pick it up yourself. The iPad has a “20%, 25%, 30%, Other” tip option, with 20% already preselected. What’s your move?

@JJWatt @hookem And these people are paid - they are not wait staff that aren’t paid a wage because they get tips.

@hookem I tipped. Obviously. But there are no servers in this situation, which is why I asked the question. It was fully self-service.

@TheStalwart @ArnabDatta321 Exactly what it should be used for. Should be selling time spreads till end of year and collecting $30. In fact make it we give you a barrel now you give us 1.4 barrels back in Jan.

People recoil at the idea of using the SPR just to damp prices. But now that the US has plenty of domestic oil, what other purposes would it serve? What other conditions would be an appropriate time to use it?

@shawngorham @AdamNMayer Where we designed for protein powder?

@AdamNMayer me too

Constantly surprised how many people are willing to inject themselves with all these new peptides, GLPs, TRT etc Not sure that is how we were designed

@AaronWilson_NFL Crazy thing about this is being selected to the pro bowl is a joke especially for QBs. In recent years Tyler Huntley and Shedeur Sanders have been selected to the pro bowl. So salaries of QBs are based upon this?

#NFL fifth-year club option salaries for 2023 first-round picks

@investingidiocy @Boenau In Houston any house with 3 people in it. You can’t walk or bike anywhere.

@Boenau What kind of family needs 3 cars?

Car dependency is so normalized that people can't imagine a family being able to save 100k over a decade by going from 3 cars to 2. Even talking about it makes people hysterical. Before you huff and puff at me, look up the numbers. The internet is an amazing resource.

@johnarnold Drinking, Gambling, Voting, Dieing for your Country, Parenting ….

One case for keeping the drinking age at 21, even if most aged 18–20 report ready access to alcohol, is that it adds friction that reduces consumption for teens who are still learning to use responsibly. Meanwhile, we're removing every friction to online gambling for same youth.

@Jacob_Naviaux @shawngorham They didn’t ‘creat a ton of value in the deal’ they ripped someone off.

Just saying if a wholesaler negotiates a seller down $100k below what the property is worth in its as-is state, they created a ton of value in the deal and now get to reap the benefit of that. The flipper that’s only going to make $50k on that deal shouldn’t get mad at the wholesaler for just being good at their job.

Unpopular opinion: If a wholesaler makes more than the flipper on a deal, they created more value on that specific deal. Everyone gets in a tizzy when they see a wholesaler make $100K while the flipper is only making $50K. “The flipper took all the risk!” True. The flipper: – Closed on it – Rehabbed it – Carried holding costs – Took market risk But value and risk aren’t the same thing. If the wholesaler negotiated the seller down so well that there was $150K+ of spread to begin with… They created the opportunity. Without that buy price, there is no flip. The market rewards value creation—not effort, not stress, not who “worked harder.” If you consistently source deals so good that: • Your buyers still hit their profit targets • You get paid heavily You did your job at a high level. Instead of being mad at wholesalers who make more than you… Ask: “How can I get better at finding and negotiating deeper discounts?” That’s where the real money is anyway.

@TexansCommenter Good for us. Potentially great player but was never going to happen. Awful trade. Good for Texans

Late to the news yesterday, but it never made sense for the Jaguars to try and make Travis Hunter an NFL WR & corner off the jump. He made some special plays but was very unpolished (not his fault, limited snaps at position), & you can’t help but think playing both sides played a factor into his injury. Now people will have to question the approach from Gladstone to trade up & justifying it by him playing both sides only to play him at only his natural position just one year later.

@r0ck3t23 @mcuban Time stamp on the video is 6+ months ago.

Mark Cuban just pronounced software dead, and the implications will destroy industries before most people understand what happened. Cuban: “Software is dead because everything’s going to be customized to your unique utilization.” Rigid SaaS dies. Businesses stop bending to static tools. AI molds around needs in real time. Value chain shatters. Decade of value going to generalist builders ends. Transfers to customizers who translate capability into advantage. Next trillion comes from customized intelligence sold to “33 million companies” too small for giants to service. Software-as-a-Service over. Service-as-Software owns everything. Cuban: “33 million companies aren’t going to have AI budgets, aren’t going to have AI experts.” Problems exist. Data exists. The bridge doesn’t. Cuban: “Learn all you can about AI but learn more on how to implement them in companies.” Market bifurcates into builders and integrators. Integrators capture value builders can’t touch. Cuban: “Every single job available for kids coming out of school because every single company needs that.” Technical translator becomes the only role that matters. Contextualizing AI for specific use cases becomes more valuable than building AI itself. Learn “the difference between Sora and Veo” and “how to customize a model” and you modernize any legacy business’s economics faster than they can process. Alpha isn’t the model. Alpha is applying it to contexts nobody else understood well enough to solve. There are 33 million businesses waiting for that person who doesn’t exist yet.