Squag
9.8K posts
My $3.8M portfolio. What stocks would you add or sell?
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@JillFilipovic Uhh how about the fact that taxation is theft and there's no such thing as "fair share" when it comes to seizing other people's money?
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What exactly is the argument against a pied-a-terre tax for second (or third / fourth / fifth) homes worth more than $5 million owned by people who do not even live in the city? It just seems like such a glaringly obvious common-sense policy.
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How does Ken Griffin owning a $238 million condo in NYC he only visits occasionally harm New Yorkers exactly?
He pays an extraordinary high property tax to the city for services he barely uses.
Why ridicule him for this?
x.com/NYCMayor/statu…
Mayor Zohran Kwame Mamdani@NYCMayor
Happy Tax Day, New York. We’re taxing the rich.
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@RoKhanna @BernieSanders Asset seisure is never the answer! If they start by seizing the assets of the rich, it's only a matter of time until they come after yours. That's exactly how income tax started... with the rich...
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In that case, are you willing to pay a modest trillionaire & billionaire tax to pay for checks to working families?
We could start with the modest $3000 check @BernieSanders and I have proposed for families under $150,000?
Elon Musk@elonmusk
Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.
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@202accepted Taxes are always introduced on the rich first, then eventually they get applied to you, too. Be careful what you celebrate.
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i hate to say it but a 1% tax on property over $5m you don’t live in is hard to argue against for the average voter
like, the solution is simply “actually live in NYC”, “what are you so broke you can’t afford 1%?”, and “well you could just leave NYC”
all are ego hits none of these property owners don’t wanna take and have a hard time refuting
love or hate him, he’s actually doing something vs most mayors and tells you in the slickest way possible
Mayor Zohran Kwame Mamdani@NYCMayor
Happy Tax Day, New York. We’re taxing the rich.
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I’d rather see billionaires keep 100% of their profits and wealth than see another tax dollar go to a fraudulent government program
Democrats@TheDemocrats
TAX THE RICH
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What if there was a bank account available, that required you to deposit monthly, what you would have paid an insurance company in premiums, for an ACA silver plan. So for a family of 5 about $2100.
The amount would then be used for Stop Loss Insurance set at $30k dollars. About $300. Another $200 would be used for local Direct Primary Care for your family
The balance would be in YOUR bank account.
Like an HSA, It could only be used for approved medical expenses. If you never have any medical expenses, you will get to keep the money plus checking act level interest, when you turn 65
If you have a medical event that is more than what you have saved, your bank will loan you the money you need to pay for it, up to the $30k stop loss trigger
You would repay that amount using the monthly $1600 net deposit. Once the loan is paid off, the deposits start to accrue to you again.
This is not insurance. It’s a specially designed bank account that gives you control, support, a doctor to work with and catastrophic financial protection.
Lots of work and issues to be addressed. But I was curious what people think
Let me know !
Mark Cuban@mcuban
The one debt you can’t ever pay off ? Your insurance premiums. You literally will pay an insurance premium monthly, till you die. But we don’t look at it like it’s a debt paid to an insurance company that will do all it possibly can never spend it on your care. We are working on a non -insurance solution. The day HSAs no longer require an insurance policy, it all will change. finance.yahoo.com/sectors/health…
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$BIRD is selling its brand and footwear assets renaming itself NewBird AI and using a new $50M convertible facility to pivot into AI compute infrastructure by buying GPUs.
Going from selling wool sneakers to chasing AI compute might be one of the wildest pivots this cycle.
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@KobeissiLetter $BIRD is the new meme stock. It's going to multiple billions no doubt
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BREAKING: Allbirds stock, $BIRD, surges over +200% after announcing they are pivoting from shoes to AI.
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Absolutely incredible…
Allbirds, the shoe brand, is selling all footwear assets, renaming itself "NewBird AI", and using $50M to buy high-performance GPUs.
$BIRD is up +170% this morning. 🚀
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@ArynneWexler The problem is that we spend trillions of dollars every year on leeches that provide zero value to the country
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"Tax the rich"
That is not the problem
The rich are very taxed
Clay Travis@ClayTravis
Happy Tax Day. The top 1% pays 40% of all income taxes, the top 10% pays 72% and the top 25% pays 87% of all income taxes. Meanwhile the bottom 50% pays ZERO income taxes. For all of you actually paying taxes, do you think your tax dollars are being spent well?
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@doodlestein Nobody wants to take on the liability of using some new tool that they dont trust. Taxes are one of the most important things that we do each year. Maybe it still gets disrupted long-term, but there are way better software shorts than this. Bad take.
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Probably not too late to short this thing. It sells a product that is meaningfully worse than what you can do already with current frontier models and agent harnesses.
A year ago, this was still a pretty clunky and manual workflow. I had to use TurboTax last year and paste screenshots into GPT 4.5. I came up with an approach that worked well and wrote an article about it last year, but it was a pain to apply and wasn't automated.
Now, you can literally just use my skill in Claude Code or Codex and it all "just works" and can give you strategic advice and far more sophisticated feedback than you could get from TurboTax, or even H&R Block for that matter.
It's hard to think of another software company that is more exposed to these disruptive forces. Don't be swayed by an optically low forward P/E. The earnings could just start melting away at an accelerating pace.
Is that really worth over $100 billion?
Jeffrey Emanuel@doodlestein
Also, I should add that this isn't just for preparing your return, although it can do that extremely well. It's also a tax consultant in general that can tell you how to restructure your affairs to maximize tax savings, taking into account all the particulars of your situation. Like many of my recent "big" skills, it's so huge that you can really apply it over and over again in different ways and keep uncovering more ideas and strategies to explore. I'm planning to continue to expand and improve it and to keep it up to date with all changes in relevant tax laws. If you're a subscriber of my site and want me to add more stuff about any particular area or strategy, just let me know. It costs under $20 to e-file your Federal and state return using FreeTaxUSA, and that seems to be sophisticated enough to handle just about anything you'd reasonably want to do (unlike Aiwyn, which couldn't handle a situation where I lived part of the year in NYC and part in upstate NY). So for another $20 you can subscribe to my site for a month and use the skill to tap into a tremendous amount "operationalized expertise" that not only helps you to strategize, but which can literally file the tax returns for you. I don't see how that isn't unbelievably bearish for Intuit (maker of TurboTax), which charges $100+ for the stripped down version of their native software and even more for their web-based version, which you need to sit there like an idiot filling out manually. Interestingly, my approach in software development, where I use multiple different frontier models to check each other's work, also works incredibly well with tax preparation. Codex found tons of mistakes that Claude Code made, but Claude Code also had a lot of insights that Codex missed. Even Gemini had a couple good thoughts (although it was mostly wrong and overly cautious).
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@sophieraiin I knew you'd come around to my proposal. I'll get the ring!
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When your working life rewards you, it’s easy to ratchet up the complexity: homes, cars, travel, possessions etc.
I have found that all that complexity comes at the sake of your most fleeting asset: your time. Instead of building things, all of a sudden you’re dealing with minutiae and logistics. Instead of talking mostly to engineers, you’re talking mostly to non-engineers. The building stops…the business of managing self inflicted complexity begins.
It’s worth noting that the best players in the game (Buffett, Elon) have kept their life extremely basic, almost monastic/nomadic, as success ratcheted them ever higher.
I think it’s the biggest secret hiding in plain sight:
When the world upgrades your status, downgrade your complexity.
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@BriannaWu Gotta be Marco. But the pendulum will be swinging back at that point and he may want to wait to run. That would be a mistake.
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Please, Jesus, let the next president of the United States be normal.
Not a psychopath or a sycophant. Not a corpse. Just a person capable of seeming normal.
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@AthletesInSpace The same argument can be made about raising taxes. Just one more tax raise, bro. It'll actually get allocated to people who need it, we just need to send a little more money to Washington bro.
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It hasn’t quite trickled down yet bro. Just one more tax cut bro I promise this time it will! Just one more tax cut bro just one more bro please trust just one more tax cut!
unusual_whales@unusual_whales
The wealthiest 1% of Americans have seen far greater gains in the past 25 years than the bottom 50%, per NBC:
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@unusual_whales She can't get through a primary, which is why they had to install her undemocratically. This will be fun lol
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JUST IN: Kamala Harris says she may run again in 2028.
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