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@KyleKulinski @chamath @RoKhanna You are so angry at everything haha

@chamath @RoKhanna Cry more bitch

So it turns out that the sitting local Democratic congressman in Silicon Valley, @RoKhanna, is the most un-entrepreneurial, creative or innovative person possible. He is: 1) In favor of California’s Property Seizure tax that he calls a “Billionaire” Tax. It’s already led to half of California’s Billionaire wealth to flee the state which will leave the middle class to pay for the lost revenues. 2) Despite this, he then teamed up with Bernie Sanders to propose an additional national 5% wealth tax to spend on God knows what. 3) Despite all the virtue signaling on inequality, he is also one of the most prolific traders in Congress where just last year he traded $55.7m of stock. With everything he learns in Congress to help him, he beat the market by 13%. Ro’s ambition is what matters most to him and he will flop from dumb idea to dumb idea if he thinks it will serve his broader political ambitions. Currently that means being a quasi socialist to win favor with the extreme left of his Party. He doesn’t deserve to represent Silicon Valley and I hope he loses badly in his re-election.

nothing says "I want to win." like going from a team that was in the world series to one that missed the playoffs after a historic collapse.

@PhillyPMC @ConcordPike Haha I laughed right away and said wait. My wife said “what?”

@ConcordPike @ryanvalverdec x.com/pardonmytake/s…

Is that who I think it was in the stands?

@MLB @MLBNetwork @JonHeyman What a joke.

Phillies, C J.T. Realmuto reportedly agree to 3-year deal, per multiple reports including @MLBNetwork insider @JonHeyman.

@timothysykes I’m watching the Ole Miss Miami game. It’s really good.

11PM STUDY CHECK, WHO'S STILL UP STUDYING?!?!?! WHO'S PREPARING FOR TOMORROW BECAUSE YOU WANT SUCCESS SO BAD YOU CAN TASTE IT!?!?!?!

I get why people want a billionaire tax... The anger isn't irrational; it's a response to a system that feels rigged to some. When someone worth $10 billion pays a lower effective tax rate than a schoolteacher, something feels wrong, and the system isn't broken by accident, it's working exactly as designed, and that design can be rethought! If people knew the actual mechanics of how taxes work they would probably be even angrier. If Jensen Huang passed away tomorrow, it would be insanely sad, and- His estate would pay roughly 40% in federal estate taxes, though with the right setup a lot of that could be avoided. His kids would inherit the remaining tens of billions in Nvidia stock with the cost basis reset to current value, erasing all the appreciation for tax purposes. They could then borrow $100M a year against it, and never pay income tax on any of it. It doesn't feel fair to the teacher paying income tax on every dollar or the software engineer taking home 55% of their paycheck. The frustration is justified. It feels unfair to the teacher paying taxes on every dollar and the software engineer taking home 55% of their paycheck (California wtf!). The frustration people feel around that is justified! I think I pay too much in taxes too! But we have to pay them, and I think we should strive to build a tax system that is more fair. But California's "one-time 5% billionaire wealth tax" is a terrible way to go about it It doesn't stop the borrow-die-inherit cycle It forces an exodus of exactly the wrong people It creates perverse incentives without fixing any underlying problems. Most people seem to have not read the act - here it is: oag.ca.gov/system/files/i… it's bad and poorly written. It's a residency trap. Pick a date, pick a line, and you create one giant incentive to leave. You only need a few top taxpayers to go (sounds like Thiel and Brin are getting ready), and California loses years of income tax, capital gains, and the gravity that keeps companies anchored here. It unfairly punishes the wrong people. A founder with $1B on paper in a Series E startup isn't actually rich yet, that company could go to zero, they can't sell without losing control, and they're still working. A wealth tax forces them to find cash they don't have... you can say "they could sell shares" but not every company is even liquid enough to do that. Meanwhile, someone already liquid can structure around it with better lawyers. The cheering from @RoKhanna "I will miss them very much" is shortsighted. Celebrating capital flight is celebrating a smaller tax base and bigger deficits. People who start companies are the growth engine of our state and country. Making them your enemy isn't progressive, it's self-defeating. There's also a practical problem: net worth isn't a clean number. Public stock is easy. Everything else becomes a valuation fight. You'll create a cottage industry of appraisals and litigation. If we want to address the unfairness, target the specific moves that make the system feel rigged. Two ideas that actually map to the problem and are palatable IMO: 1. Tax large loans against appreciated stock above a high threshold (say $10M). If someone borrows $50M against stock to fund consumption, that's functionally income. This targets the "borrow to avoid taxes" play directly. 2. End step-up in basis for large inheritances (say above $10M here too). Step-up basis is why "they never pay." Ending it at high levels keeps incentives for entrepreneurship while reducing dynastic wealth transfers that were never taxed. Those approaches don't punish illiquid founders. They tax moments when wealth turns into spendable cash, and they tax gains that would otherwise be erased. TBH I don't know if $10M is the right number, just throwing a number out there that seems in the ballpark. Finally - before we invent new taxes with big second-order effects, we need get our house in order. Middle-class people still pay enormous amounts in taxes, and we are wasting it. I'm not sure that 20% of the budget is fraud (what @elonmusk says) but we definitely have a bloated budget, both federally and in California. As we know from DOGE, it's really hard to fix. In California there is a lot of low hanging fruit though... we need to cut what isn't working and stop treating every problem with "we just need a new tax on a small group to make it work" I'm not against wealthy people paying their fair share, and I don't think most of us are! I am against feel-good policy that backfires, shrinks the base, and makes the state less competitive. If we want fairness and a tax system people trust, we should go after unfair loopholes, not a headline.

George Brett was selected w/the 29th pick in the '71 Draft, and retired with 1596 RBI Mike Schmidt was selected w/the 30th pick in the '71 Draft, and retired with 1595 RBI

@ultimatejazzfan @OG_Wan_Ked00bi @kclairerogers Dozens of different people annually made me laugh out loud

@OG_Wan_Ked00bi @kclairerogers I play golf with dozens of different people annually Almost exclusively, the people who drink are alcoholics and poor golfers usually The people who don't drink on the golf course tend to be actually good golfers and or maybe addicted to their work instead of alcohol

I have a working theory that people who grew up playing golf don’t really drink on the golf course as adults, but people who took up golf in college/their 20s and beyond do. can everyone please provide their feedback on this

@mike_mo21 @MattMcCarthy985 Settle down

@MattMcCarthy985 Matt, you’re a complete moron if you think that’s what’s happening

This is a fascinating look at the inner workings of baseball. Looks like Cora guessed/stole the pitch. The signs are probably to the 1B coach, who then relays changeup to the hitter. There’s so much happening on every pitch. The best sport on earth.

@K_Kisner I actually have 2 laying in my garage

If any of you club sickos have an old Adams 22 degree hybrid laying around I have a friend that needs one. I’ll trade something cool or pay you for it.

@Russty1105 @gotmypokerhat @Mike_kim714 Incorrect

They were clear he was a 4 cap not a 4 index. I used to be a 1 index and know lots about golf, I have played in PGA Tour pro ams etc. The 5 iron was an example. Ther person who doesnt know as much as they say they do is you. The question was clear, what would an 18 handicap shoot. And if you confuse cap and index, you are showing your knowledge base.

US Open Diaries (Thur) +5 75 -Lonnggggg day out on the course. My thoughts…

@Russty1105 @gotmypokerhat @Mike_kim714 Im referring to 18 index, which I think everyone is here. Im a +1 and shot 93 here with wind and firmer but less rough. Also, your 5 iron wouldn’t carry the rough to fairways and you’d make a million around the greens. I don’t know why I argue with people who have no idea.

I am an 8.7 index which is an 19 handicap on that course from those tees. There is zero chance I shoot 200. To do that you would need to take an 11 on every hole plus a couple 12's. Play a 5 iron 200 yards and play for a double bogey at worse. You will do better on some and worse on others. But would be well below 200.

@gotmypokerhat @Russty1105 @Mike_kim714 Wrong lol. Some of the best players in the world were mid to high 80s. An 18 would probably shoot 200 if you made them play those conditions those tees real rules. People just don’t understand.

@Russty1105 @Mike_kim714 150 is dumb, an 18 could break 100 or shoot 125, staying out of the rough is the biggest factor.

@christi41778735 @LonnieCLonnie @Totinhiiio @unusual_whales Then don’t have one. To say it’s a scam is just nonsense. Not going to argue with a bot

@ryanvalverdec @LonnieCLonnie @Totinhiiio @unusual_whales If you have a mortgage you do not have a choice

Home insurance rate changes since 2021, per CNBC:

@TShakCFP @unusual_whales Incorrect

@unusual_whales Scam.

@LonnieCLonnie @Totinhiiio @unusual_whales Then don’t buy it

@Totinhiiio @unusual_whales Insurance is the biggest scam in history

@sweatystartup Showing people back in the day and now are both in fact ugly contrary to your prior post

BIG NEWS: The Sweaty Startup is for sale TODAY. My goal was to write a book that would advance your career by 25%. Sales, delegation, mindset, hiring, management and more. Concise. To the point. Link in bio to buy. Audiobook available too. Buy a book and retweet this post get access to a private community for a year. Send me a DM with proof of purchase and we’ll get you in. THANK YOU FOR THE SUPPORT.

@CollegeSportsO @SethDavisHoops @MarkTitusShow @clubtrillion @CBB_Central @CBBcontent @SickosCBB @CBKReport @CBBonFOX @barstoolsports @BarstoolBigCat No Taylor Coppenwrath?!

"Cinderella Legends of March Madness: Where Are They Now?" 🧐 A thread 🧵 DJ Burns (NC State, 2024 NCAA Tournament): Playing for South Korea's Goyang Sono Skygunners 🇰🇷

@WhatsWrightShow @getnickwright This is hilarious

.@getnickwright makes his Super Bowl prediction