Standy

🚨 IT'S OFFICIAL: Republicans were ROBBED of 18 House seats — and electoral votes — because ILLEGALS are counted in the Census, and red states got undercounted Democrats unfairly have a +18 seats We must BAN illegals from the Census and re-do it!

BREAKING: The U.S. House has passed the SAVE America Act by a 218–213 vote, sending it to the U.S. Senate. The bill would require Voter ID and citizenship verification to cast a ballot in elections.

KAYDEN MINGO WINS IT FOR PSU AND THE NITTANY LIONS HAVE THEIR FIRST BIG TEN WIN 🦁

It’s not 1% a year for 5 years. It’s a one time 5% tax on all assets and it will kill entrepreneurship in California. Here is an example: John Doe starts a company. He takes a nominal salary - say $150k for this example - and the rest in equity in the company. Let’s say he owns 20%. He raises VC capital in 2026 from someone that invests $100M into the company and values the company at $6B. This means his 20% is “worth” $1.2B. I put it in quotes because he can’t actually sell. He has a paper value that putatively says he’s a billionaire. But he actually lives on $150k because that is what his income is. Just because someone decides to make a bet on the business does not mean some bank account in your name magically gets created with $1.2B in it. Under the proposed tax, however, John Doe would now owe $60M in cash to California in 2027. How will he pay it? Is there some buyer you know of, that the rest of the market doesn’t, that will do a deal at the max value when there is a distressed seller like John Doe who needs money he doesn’t have to pay taxes on value he also doesn’t have! Now imagine that after the tax is assessed, in early 2027, the company takes a write down to $200M. Now his share is $40M. But he still owes $60M. Again, there are no buyers for his shares per se. He still only makes $150k/yr. What is this person supposed to do? He now has a “worth” of $40M but owes California $60M. Should he declare bankruptcy now because he tried to start a business but was retarded enough to do it in California? So did you really get the billionaires?? No. Because the mega billionaires have already left or are tax structured to minimize the tax or will fight it. You will, however, drag a bunch of young, energetic folks who want to make things and hire people into bankruptcy court. Awesome work, Ro. You should be proud.

Brandon Roy has been listed as a candidate for the 2026 Hall of Fame class One of the most exciting players ever

Client walks in. 68 years old. $2.8M net worth. House is paid off. Worth $950K. She's living on $38K a year from Social Security. Tell me how that makes sense. She brings coupons to restaurants. Buys the cheapest everything. "I'm not taking money from my retirement accounts. I need that for emergencies." What emergency costs $2.8M? You're denying yourself basic comforts at 68. You haven't visited your grandkids in Phoenix in 2 years. Your emergency fund has an emergency fund. She fought me for 8 months. "My parents taught me never to touch principal." Your parents also retired with a pension and died at 74. We finally got her to take distributions last year. $120K annually from her portfolio. Still only a 4.3% withdrawal rate. Now she's flying to Phoenix quarterly. Took her grandkids to Disney. And stopped agonizing over every $12 purchase. She spent 3 years being miserable with $2.8M in the bank. You don't get a prize for dying with the most money.