The Anti-Mimetic Man

Exactly. Values move. These klepto Idiots who will never see a penny of it anyways think it's static. You cannot tax paper. It's all just resentful sloganeering for the slow-minded. If it's not billionaires it's white supremacy. If it's not white supremacy it's toxic masculinity. Same bullshit, different imaginary villains.

@TheOppoMan @mcsquared34 To add, this "unrealized gains" taxation policy assumes someone's net worth is always going to increase, which doesn't always occur. Assume a founder's stock goes from $50 to $100 where it ends the year. The following year if that stock plummets to $40? Now what?

We’re about to have a trillionaire and there’s still people out there living paycheck to paycheck who oppose a wealth tax

@scotty_sloan @mcsquared34 @popanimecomics We have a good system, we just have a lot of bad, incompetant, credentialed idiots running it.

@mcsquared34 @popanimecomics @TheOppoMan You’re failing to understand that if we try this billionaires will simply leave the US

If you want change, stop the tribal signaling. Think slow. Taxing unrealized wealth will just give the state the master key to redefine taxation for everyone. The problem is the state. Decentralize authority, criminalize regulatory capture, criminalize lobbying, criminalize deficits, and criminalize bureaucratic failures. If not, the only way to correct the defects will be collapse.

@popanimecomics @TheOppoMan Tax unrealized gains. Tax billionaires. Tax wealth. Thank you for your comment. I appreciate you for educating the masses on the nuances of the financial system. However, I advocate radical change to that system. I’m kind of a member of the “burn it all down” crowd. Thanks again.

@mcsquared34 @popanimecomics The US government is a system addicted to borrowing from the future, with two factions arguing over who gets to spend it first. That's why they keep the mob constantly agitated. We think there's a difference btw Republican and Democrat. It's the same sham.

You want the state to normalize taxing unrealized wealth? You just gave them the power to redifine taxation. You just gave a master key to every damn statist kleptocrat in the future. Eventually they will tax your grandma's equity in her home. Wealth is a power law distribution, a by-product of shoddy government deficit spending policies and FED policy of cheap money for decades in DC. It artificially inflates assets, duh! The problem is not the wealthy, it's government. You fix government by eliminating it's centralized authority where capital flows more evenly as opposed direct to the lofty and well-connected (globally) who are there first. Finance and the real world is complex, simple hueristics and tribal sloganeering do not analyze anything.

If you normalize taxing unrealized wealth, you’re not just targeting billionaires. You’re redefining what can be taxed. The moment the state claims the right to tax assets that haven’t been sold, you’ve handed it a master key. Valuations become taxable events. Not income. Not realized gains. Estimates. Estimates are elastic. What begins at the top never stays at the top. Every tax regime in history expands once the mechanism exists. Thresholds move. Definitions shift. What was once “extraordinary” becomes routine. Today it’s billionaires. Tomorrow it’s business owners. After that, retirement accounts, grandma's home equity, and long term savings. Because once unrealized value is fair game, everything becomes fair game. Don't get fooled by these over-educated kleptos who have never had skin-in-the-game.

@TheOppoMan Allow me to clear this conundrum up for you. Tax billionaires on their real estate and stock portfolios. I’ve literally said nothing about art nor Picasso. I do appreciate your inquiry. Thank you.

Exactly. They have no clue what the hell I was talking about, LOL. You cannot tax unrealized paper. You tax income, cash flow, capital gains. You cannot force people to sell their assets to pay the state. As if this will make everybody richer LOL. It will all get absorbed by the state to pay the service on the debt and funnel right back into the bank accounts of the well-connected, globally.

@TheOppoMan @mcsquared34 You’re arguing with people that have absolutely zero understanding of economics or finance…but they love listening to their TV and podcast “but muh no kingsss”

@mcsquared34 Oh for fuck sakes. All wealth, whether it's stock, real estate, art, or rock collection is unrealized paper. It is not cash flow. For God's sake take a finance class.

@BuenoForMiami These are no longer protests, they're performative displays of tribal alliance and victimized belonging. The symbols and words change, nothing else does.

Whats the purpose of a protest? Besides letting people know you’re upset, what do you expect to change?

No. That’s exactly the mistake. I was rejecting the metaphor. Tumors grow without price signals, without competition, and without feedback from a market. They don’t face bankruptcy. They don’t respond to demand. They don’t allocate capital. They just replicate until they destroy the host. Most companies don’t “keep growing until they can’t.” They get outcompeted, misprice risk (big one), lose demand, or go bankrupt long before that. I was pointing out that importing a biological metaphor into an economic system and treating it like it explains something. It doesn’t. That meme was just sloganeering and survivorship bias. Everyone with skin in the game has checks. Just because they win or labeled a "success" does not mean they did it "unchecked".

@TheOppoMan @mcsquared34 So... Like tumors? They just keep growing and growing until they can't anymore?

False dilemma, the crisis was a convergence, not a monocausal event. That's an over-simplification. Deregulation had some to do with it but that argument as the sole cause fails to acknowledge a multi-variable system that was tightly coupled back then. You had cheap credit and global imbalances feeding a massive housing boom. You had securitization chains that obscured underlying risk. Multiple other unseen variables no policy-maker would ever be able to detect. The deeper failure was epistemic. Risk was measured with tools that assumed smooth distributions in a world governed by non-linearities. When housing turned, the system did not adjust gradually. It cascaded.

Financial deregulation was 100% the cause of the global financial crisis. How can this still be debated?

@doomernat22 Cronyism and regulatory capture are not anomalies. They are predictable byproducts of any system where power and resource allocation intersect.

when markets are allowed to reign free, private interests will always capture the state. “cronyism” is the necessary product of a capitalist economy.

@vapor_waif @ACPMain LOL, idiot.

@TheOppoMan @ACPMain im not gonna argue with a bluecheck shrek such as yerself. My paultry character limit makes me like a gansu brave bringing an arquebus while you are holed up in the bund with a maxim gun

The CIA told you to hate Communism. MI6 told you to hate Communism. Israel told you to hate Communism. Epstein told you to hate Communism. The media told you to hate Communism. You can't call yourself anti-establishment while believing their lies about Communism.

$40 trillion in debt, $1 trillion in debt service annually kinda narrows it down top-heavy states don't work too efficiently for all. Wealth scales upward at a highly disproportionate rate. Eventually, everyone else will have to pay for this, not those who designed the structure.

@realpeteyb123 Read the constitution and then decentralize federal power. Not eliminate, decentralize where errors are contained locally as opposed to scaling nationwide. Top-heavy states don't work efficiently, most of them end up collapsing.

Democrats suck Republicans suck. What’s the solution?

True, early communists talked about a stateless society. But they also required a centralized transitional phase to get there. That is the flaw. You don’t get decentralization by first concentrating power. Once power centralizes, it rarely dissolves itself. It entrenches. So the issue is not the aspiration. It is the path dependency. If your system requires a strong central authority to eventually eliminate itself, you’ve already lost. You’ve created incentives for that authority to persist, expand, and justify its existence. Localism and true anti statism are structurally different. They do not rely on a future promise of decentralization. They begin with it. Power is distributed from the start. Authority is fragmented, errors are contained by political proximity as opposed to centralized control where errors scale. That's where we are at in the US today. Decision making should be local. There is no central node that must voluntarily give up control later.

@TheOppoMan @ACPMain communists originally fought for a stateless society. what makes you think your "anti-statists" will turn out any different?

@GinaSaysSo decentralize

Our government is broken, and to me it's not worth fixing. What do you think we should do?