RD33

@MichaelHenecke @YourAnonNews Liquidity shouldn’t impact the tax policy. The tax avoidance strategies have been effective for them. Wealth tax is not the answer. Most of them probably should pay more tax, but this isn’t the answer IMO.

First of all billionaires aren't liquid this assumes they are liquid. they a billionaires on paper as in that's what their investments are worth. if you force them to cash out some of their holdings the prices drop hurting regular people invested in the same things. Secondly they do pay a lot of taxes just look at what happens when they leave a state, the state tax revenue drop dramatically. Socialism/Communism is a mental health issue, it causes people not to think critically.

Why would anyone be against this at all? Are you against this??

@gre8gavu @RpsAgainstTrump @grok

Hey @Grok, what was the price of a barrel of oil when Biden left office vs today? Keep it short

@FutureRuins @chamath Wait until you hear about the exit tax.

@chamath If this passes, I'm outta here. This is a step too far, and I have assets that I need to protect. This is a mind-blowing proposal to me, especially when you consider how many wealthy people live here. I'm sure I won't be the only one leaving if this madness proceeds.

The Billionaire Tax is actually an Everyone Tax. The Billionaire Tax is a new tax proposal written by four professors who don't believe in the American dream. Some of them aren’t even American…go figure. Despite its name, it applies to every California resident who currently has assets or ever will. The creators named it the Billionaire Tax so you would get into a froth andwouldn't look closely at what it actually does to you. On page twenty-six, it explains how the government can convert to an Everyone Tax without voter approval. They can also adjust the tax to be a yearly tax, not just one time…again, without your approval. Here's how the tax would work: As a voter, you're being asked to approve a tax that would require you to: 1. list all your assets and the value of each, then submit them to the California Franchise Tax Board. 2. authorize the tax board to appraise your assets and confirm the value of each. 3. pay a penalty of up to forty percent of your tax bill if the board determines your reported value was too low in their opinion. 4. allow the tax board to subpoena your financial records from every one of your financial institutions for auditing. This Everyone Tax runs 34 pages of shifty language describing how the government plans to take your assets. Read the fine print and decide for yourself. If this were truly a billionaire tax, it would be 3 pages. It’s 34 pages so that it can create the mechanisms to steal from all of you.

@ONEBIGMONSTER_ @spheresoflight @VigilantFox You are misinformed my friend. Nobody paid effective total tax rates back then. Not even the billionaires. You need to do some research on non-political taxation websites. Plus, the amount of “welfare” or support subsidies was very small back then.

@spheresoflight @VigilantFox IT USED TO BE WAAAAAY HIGHER, AND WHEN IT WAS HIGHER THOSE WERE "THE GOOD TIMES"

Bill Maher asks how the government is “failing the poor so badly” when he pays “60 PERCENT” of his earnings in taxes. “Last week was tax day… I paid the government probably almost 60% of what I earn. That’s a lot.” “And I… wouldn’t mind if Bernie Sanders would stop saying the rich don’t pay taxes.” “The top 10% pay 72% of all federal income taxes. And the bottom half, 3%.” “The Democratic Socialists talk about socialism like we don’t already have a lot: Social Security, unemployment, Medicare, nutritional assistance, Medicaid, Obamacare, disability, housing subsidies.” “How can you be soaking the rich and failing the poor so badly? How can it be that the federal government alone took in over 5 trillion in taxes last year, and we still need that?” “Are we really this incompetent and corrupt?”

@PramilaJayapal If my net worth is negative and I still pay taxes, how do I calculate my effective tax rate?

Elon Musk's net worth: $805 billion. That's more than the bottom 53% of Americans combined. His effective tax rate: 3.3%. A truck driver pays 8.4%. Tax the rich.

@FurkanGozukara And this is another example of how many, many people with PhD’s are actually very dumb.

Fox News correspondent Matt Finn confirms a brilliant strategic victory for Tehran. He reveals the Trump administration and Israel were forced to accept a ceasefire in Lebanon because Iran demanded it as a strict condition to reopen the Strait of Hormuz. Total dominance.

@MalcolmNance The Houthi’s don’t have a single operational fighter jet. They can’t produce any real weapons without support from Iran, who’s preoccupied at the moment.

Next Up: The Houthis will announce they are going to blockade the Bab al-Mendab and force all shipping to go round South Africa. Once again price of oil will skyrocket as it can end Saudi Arabia’s bypass to Asia from Yanbu. No one at the WH is thinking this through bc no one in the WH is capable of thinking.

@chrismartenson @manonafast Domestic demand is projected to decline in the not too distant future. Other options exist for production in under-developed areas, such as AK. New technologies will likely emerge to mitigate the pressure issues. That said, prices will rise, further dampening demand.

@manonafast Even the EIA admits that this is the likely peak for US oil production (their current base case). The shale boom was fun, but it's over.

FACT CHECK: There are 6% fewer drill rigs (O&G) operating today than there were on Biden's last day in office.

@Siavashgg @EricLDaugh When you pick on a bully, you get bullied. Iran/Hezbollah has fired hundreds of thousands of rockets/missiles/mortars into residential neighborhoods for 20yrs when they took over Lebanon. They’re a state within a state. The PLO started it & it’s never stopped. You know all this.

IDF is conducting a genocide in 4K ethnic cleansing in Lebanon Occupation in at least 5 countries I am against targeting civilians but Israel has already bombed Universities, petrochemical, steel, schools and all kinds of civilian infrastructure In addition to all that They launched this war so they are absolutely not in the moral high ground about killing civilians A country which already killed more than 70k civilians in Gaza More than 2k in this recent war in Lebanon and more than 3k civilians in Iran.

🚨 HOLY CRAP. Iranian state TV is now calling on Iranian children to surge to power plants so they can be HUMAN SHIELDS against President Trump Students, youth, and almost everyone is invited to shield key infrastructure tomorrow DISGUSTING ANIMALS.

@HealthRanger I don’t know if you’re right or wrong, but the S&P futures don’t agree with you right now; down .8% on this massive market shaking news. I guess we’ll see what happens in another 10 hours or so.

Iran can hold out far longer than the fragile U.S. economy, Trump's plummeting poll numbers and the economic desperation of U.S. allies like South Korea, Taiwan and Japan. Iran is LAUGHING at Trump's "blockade of a blockade." And also laughing at all the idiots who still think it's "5D chess." It's not even 2D checkers, folks. It's just pure stupidity and the White House lashing out in desperation to cling to ANYTHING that might change the landscape, even if the idea is stupid.

@TeslaFanatico 38% of all EVs sold in the US in 2025

Approximately 96.7% all consumers in the USA buying a new car or truck choose not to buy a Tesla

@GhostOfFlappyD @MarketMike FwdPE is stretched, but not crazy. Housing may be unaffordable, but not a bubble in my view. Prices are down~10% in 3yrs. Private Equity, yep CRE, yep U-6, been much worse most of the last 20yrs, and trending down. What am I missing?

@MarketMike Now we've got extreme valuation excess, a massive housing bubble, a private equity cliff, CRE crash, rising unemployment and more. What could possibly go wrong?? It's different this time or something.

This might be the most important chart nobody is paying attention to right now. S&P 500 on top, yield curve in the middle, Fed Funds rate on the bottom. Nearly 30 years of data. Before every major decline over the last three decades, the same pattern played out. New all-time highs. The yield curve inverts and then un-inverts. The Fed starts cutting rates. The Dot Com bubble. The Great Financial Crisis. The Pandemic. Currently, S&P 500 is near all-time highs. Yield curve recently came out of an incredibly long and deep inversion. Fed cutting rates from the highest level since 2007. I don't pretend to know what's going to happen. I just find interesting patterns in the market. As Mark Twain once said, history doesn't always repeat, but it often rhymes. But if something bigger does play out, we're all going to look back at this chart and wonder how it was so obvious. Then again… I know, I know. "This time is different." It always is, right?

@swampmonst7360 @MarketMike I agree that it’s better for higher income households, but why do you say it “sucks” for the 99%? Just curious what metrics you are referring to.

@MarketMike what goes up.. lets face it, this economy sucks for 99% of people. its great for the 1% and they are propping up the majority of the economy up solely. the reckoning is coming. Buffet/Berkshire is sitting on $380 billion of cash. Watch and wait for the Oracle

@najam_ali @trumpsmyman Iran: -We won’t develop nukes -Death to US & Israel! -We’re 2wks away from nukes! US/IDF: Nope Iran: -Oh no, now we need money to rebuild. Let’s charge “a toll”! US/IDF: -Actually, we let you rebuild a couple of times before, and here we are again. So, nope, you’re done.

@trumpsmyman The U.S. has attacked them twice. When did Iran attack the U.S.? These tankers carry goods worth 20-300m usd. So in percentage terms it is less than one percent.

I am genuinely struggling to understand this logic. If the rest of the world is willing to pay a small toll to Iran to keep oil flowing and stabilise markets, then why does the U.S. feel the need to block all shipping, especially when it is not dependent on that oil?

@gothburz Definitely familiar, disgusting and honest blueprint for how giant corporations handle staff reductions. The precision is impressive, the detachment is shocking to most, and unfortunately the outcome is only a positive certainty for the management team. It’s a sobering reality.

I am the Senior Vice President of Human Resources at Oracle Corporation. Last Tuesday, I sent an email to 30,000 people at 6 AM. Yesterday morning, I onboarded 1 person at $950,000 a year. Both were my responsibility. Both were executed flawlessly. The email said: "After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change. As a result, today is your last working day." I signed it "Oracle Leadership." Not my name. Not the co-CEOs' names. Not anyone's name. Leadership. Leadership is a signature that cannot be fired. At 6:01 AM, our infrastructure team disabled 30,000 badges. Revoked 30,000 VPN tokens. Locked 30,000 laptops. Wiped 30,000 voicemails. Suspended 30,000 email accounts. By 6:04 AM, 30,000 people were staring at a login screen that would never accept their password again. The email reminded them they were "prohibited from downloading, copying, or retaining any Oracle confidential information." 3 people called the HR hotline before 6:15. 2 asked if the email was real. 1 asked if she could retrieve a photo of her daughter from her desktop. I directed all 3 to the separation portal. That's data security. I've managed 11 separation events. This was the cleanest. 30,000 endpoints terminated in under 4 minutes. I sent the email from a template in PeopleSoft called TERM_MASS_COMM_v4. The v4 is important. Version 1 had a paragraph that said "we value your contributions." Version 2 shortened it to a sentence. Version 3 shortened it to "thank you." Version 4 removed it entirely. Legal flagged it in 2024. You cannot say you valued something you are discarding at 6 AM. Liability exposure. That's risk management. The co-CEOs approved the plan in 11 minutes. I timed it. I always time approvals. Clay Magouyrk and Mike Sicilia. They received $250 million and $100 million in stock option grants when they took the roles in September. They asked about the WARN Act filing timeline. They asked about the restructuring charge projection. They did not ask how the employees would be notified. They did not ask when. That's executive alignment. In January, TD Cowen published an analyst note. It said cutting 20,000 to 30,000 employees would generate $8 to $10 billion in incremental free cash flow. We needed that cash. Our AI data center capital expenditures are projected at $50 billion this fiscal year. We had a $20 billion shortfall. The 30,000 people were the shortfall. I don't call it that in the board deck. Slide 14 has a waterfall chart. The left column is labeled "Current Headcount Cost." The right column is labeled "Redeployable Capital." The 30,000 people are the bridge between the 2 columns. They are a blue arrow. Calibri 11pt. That's strategic planning. 1 day before the email, on Monday, our 5-year credit default swaps hit 198.6 basis points. That is the highest level in Oracle's history. Higher than December 2008. Higher than the financial crisis itself. The market is pricing our debt at levels not seen since Lehman Brothers still had a lobby. We carry $124.7 billion in debt on the books. We added $39 billion in 9 months. Our trailing free cash flow is negative $24.74 billion. I included this in the board deck on slide 3. Nobody discusses slide 3. Slide 3 is where we put the things that are true. That's transparency. By Thursday, the H-1B data reached the press. 3,126 petitions. We filed them while scheduling the separation event. Same department. Same quarter. Same PeopleSoft instance. The termination workflow is TERM_MASS_COMM_v4. The visa sponsorship workflow is ONBOARD_H1B_STD. They share a database. They share a help desk queue. They share a budget line. 1 workflow removes 30,000 people who built the cloud infrastructure. The other sponsors 3,000 replacements to continue building it. I manage both workflows from the same standing desk. That's human resources. An employee posted on Blind that it was "a slap in the face." I know which employee. We have analytics on Blind. Sentiment tracking, attribution modeling, post velocity. His post received 4,200 upvotes in 12 hours. I flagged it for Corporate Communications. Communications sent me a thumbs-up emoji. Nobody drafted a response. That's stakeholder management. Yesterday morning, Hilary Maxson started as our new Chief Financial Officer. Base salary: $950,000. Annual performance bonus target: $2.5 million. Equity package: $26 million — $20.8 million time-based, $5.2 million performance-based, vesting over 4 years. We are also covering up to $250,000 in relocation expenses. Her offer letter is 7 pages. The separation notice I sent 30,000 people is 4 paragraphs. I managed both documents. The compensation committee approved her package on the same call where we reviewed the $2.1 billion restructuring charge. We have recorded $982 million of that charge so far. That is what 30,000 people cost on a balance sheet. The CFO's equity package is 1.2% of the restructuring line. A rounding error. No — less than a rounding error. A rounding error's rounding error. That's market-competitive compensation. Our Slack user count dropped from 165,000 to 155,000 in a single day. If you have access to the admin panel, you can watch the number fall in real time. I have access. It drops fast between 6:04 and 6:11 AM. Then it slows. Stragglers. People who hadn't opened their laptops yet. People in Pacific Time who were still sleeping when their career ended. By 7:00 AM, the line flattens. I watched it from my standing desk with a coffee. The line goes down smoothly. No bumps. No steps. Just a slope. That's attrition analytics. In Kansas City, I filed WARN notices for 539 people. 85 software developers. 43 systems analysts. 39 program managers. In Washington, 491 people. 270 software developers. 46 development managers. These are the people who built Oracle Cloud Infrastructure. We are now spending $50 billion to expand it with different people on ONBOARD_H1B_STD. The WARN filing lists the separation date as June 1. The email said today is their last working day. The badge stopped working at 6:01 AM. 3 different dates for the same event. That's compliance. 12,000 of the 30,000 were in India. Bangalore. Hyderabad. Pune. India does not require WARN notices. This is not why 12,000 of them were in India. But it is why nobody has to file anything. That's jurisdictional planning. The quarterly earnings call was March 10. 21 days before the email. The co-CEOs announced $553 billion in remaining performance obligations. They said demand for AI infrastructure "continues to exceed supply." The analysts upgraded their estimates. The stock is down 57% from its peak. It was $326 in September. It is $146 today. Larry Ellison's net worth is $188.7 billion. He has not made a public statement about the layoffs. He has not been asked to. That's governance. Trust in the Q4 engagement survey dropped 34 points. I reported it under "Culture Health Metrics." My manager said the numbers were "expected for a rebalancing of this scale." She told me to revisit it next quarter. I will revisit it next quarter. By then the Slack count will have stabilized. The Blind posts will have cycled off the front page. The ONBOARD_H1B_STD workflows will have completed. The new CFO will have her equity vesting schedule configured in PeopleSoft. And the 30,000 will be on LinkedIn, adding "open to work" above the Oracle logo they can no longer access. I will be here. At my standing desk. Managing the workflows. 30,000 separation emails sent at 6:00 AM. 3,126 H-1B petitions filed the same quarter. $26 million in equity for the new CFO. $350 million in stock options for the 2 co-CEOs. $188.7 billion in personal wealth for the chairman. $124.7 billion in corporate debt. 198.6 basis points on the credit default swaps — higher than 2008. Negative $24.74 billion in free cash flow. $50 billion in AI capital expenditure. 1 PeopleSoft instance. 2 workflows. Same server. TERM_MASS_COMM_v4 and ONBOARD_H1B_STD share a database. That's human resources.

@ClimateAudit Yes, the home of the nuclear physicists who were weeks away from building a dozen nukes lost their university buildings.

Maryam Mirzakhani, the first woman to win the Fields Medal in mathematics (the Nobel of mathematics), studied at Sharif University of Technology - which was just bombed by US-Israel. No US woman has ever win a Fields medal. The moral descent of USA continues lower and lower.

@RepJasonCrow You can’t be serious. Iran/Hezbollah have been doing it nearly every week for years.

It’s a war crime to bomb schools, power plants and bridges.

@RepYassAnsari Probably this:

Sharif University is Iran’s MIT. They’ve produced a huge number of engineers who’ve gone on to Silicon Valley and founded some of the most successful American tech companies. Why are we bombing a university in a city of 10 million people?

@Siavashgg @EricLDaugh …you do realize that the IRGC and Hezbollah bomb civilian infrastructure in Israel every single day, right?

You’re acting as if your psychopatic warmongering gouverments have the right to bomb power plants, as if no one should be there. That’s unacceptable. You don’t have the right to target power plants—whether people are present or not. This is civilian infrastructure, and in every country it is treated as a non-military site.

@tparsi Maybe this is why….

Disgraceful! The US/Israel just bombed Sharif University in Tehran. This is not only Iran's best university, but also a top 100 global university in the field of Civil Engineering. It has also been a center of student opposition to the Iranian gov And Trump just bombed it...