Scott Hendricks

20.3K posts

Scott Hendricks

Scott Hendricks

@scottndricks

Katılım Ağustos 2010
654 Takip Edilen949 Takipçiler
spinathrezim
spinathrezim@vogelfau·
@WOLF_Financial It's bullshit and he knows it. Even his example is dogshit. The fast food industry and it's suppliers are famous for bad working conditions and exploiting workers. It was an ethical question from the first outlet you bozo.
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WOLF
WOLF@WOLF_Financial·
JEFF BEZOS WAS ASKED ABOUT THE CLAIM THAT "YOU CAN'T EARN A BILLION DOLLARS" His entire response was a burger joint: "Let's say you start a burger joint with 10 employees. People love your burgers, so you open a second outlet. Then a third. By the time you've opened 1,000 outlets, you are a billionaire." "This is a real life story. It happens all the time. In-N-Out Burger. Raising Cane's. At what point did that money all of a sudden become unethical? It didn't." His point: "If you create a service that people love and millions of people choose it, you're going to end up with $1 billion." Do you agree?
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Grtwhthype
Grtwhthype@Unbay4ever·
@WOLF_Financial For every burger joint a corporation opens that's another mom and pop burger joint you put out of business. Applied the same way for every mom and pop retail store.
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Scott Hendricks
Scott Hendricks@scottndricks·
@samswey ah, yes. exactly what our founding fathers envisioned when they broke away from the tyranny of overreaching government. literal theft of assests because the government says so shameful.
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Samuel Sinyangwe
Samuel Sinyangwe@samswey·
A 1% wealth tax on America’s 900 billionaires would raise more tax revenue than all the income taxes paid by people making less than $50,000 combined.
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Scott Hendricks
Scott Hendricks@scottndricks·
@CatholicCharm @M1ckM1k3y yeah but it's actually true. plug it into any financial calculator: Present value: $0 Payment: $3,432 ($286/mo) Number of Periods: 10 Rate: 8% Future Value = $52,505
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Scott Hendricks
Scott Hendricks@scottndricks·
@CatholicCharm actually... the math does math. if you spend 13 per day on lunch.. 22 times a month.. that's $287 per month. if you invest $287/month and earn 8% per year... in 10 years you will have.. wait for it.. $52,505.63 lmfao
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Ramin Nasibov
Ramin Nasibov@RaminNasibov·
Funny how nobody’s questioning why AI is free.
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Worst Finance Takes
Worst Finance Takes@Lifeinvestmoney·
This simple meal cost me $301 Government needs to fix food prices
Worst Finance Takes tweet media
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Wall Street Apes
Wall Street Apes@WallStreetApes·
EXPOSED 🚨 California Democrats are paying people to be homeless Homeless man moved across country to California to be homeless “How long you been in San Francisco?” Homeless man “Since June. If you're gonna be homeless, it's pretty f*cking easy here. I mean, if we're gonna be realistic, they pay you to be homeless here” “When you said that San Francisco pays people to be homeless, what did you mean by that? You mean that literally?” Homeless man “$200 food stamps and $620 bucks cash a month — it's free money, dude. This right now is literally by choice. Literally by choice. Like, why would I want to pay rent? I'm not doing. I got a cell phone that I have Amazon Prime and Netflix on” “How was that hard to get?” Homeless man “F*cking phone call, bro. F*cking phone call.” This is the scam, - California Democrats pay these people to be homeless - The homeless problem never goes gets solved - They can then justify laundering billion and billions are year to their NGOs and get filthy rich This is the Homeless Industrial Complex
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ALGO DADDY
ALGO DADDY@BestTrader01·
BREAKING: Tesla confirms FSD availability in China after Musk's Beijing visit with Trump
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SuperEgo
SuperEgo@tosuperego·
It may be the most progressive income tax system but total burden of taxation for each person, especially those at the bottom, is shaped mostly by other taxes, not income tax, chiefly VAT/sales taxes, payroll taxes, local taxes (I think his figure above does not even include local/state income taxes). In other words, he's kinda full of shit/posturing here although he's not wrong per se.
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Rushi
Rushi@rushicrypto·
The older I get the more crystal clear it is that billionaires should not exist.
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Jay Jay
Jay Jay@lostmyliberal·
@BrandonLBradfor The bottom 50% borrow money to buy $5000 rims for their $25,000 cars and use BNPL to have Mcdonalds delivered at 1am because they are stoned.
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Brandon Bradford
Brandon Bradford@BrandonLBradfor·
Lol the top 1% in the US hold ~32% of all wealth while the bottom 50% hold 2.5%. Leaving that out as if it's not pertinent is a little dishonest. Labor is taxed at a significantly higher rate than capital gains, and this isn't even bringing up write offs.
Jeff Bezos@JeffBezos

Yes, the United States has the most progressive tax system in the world. The top 1% pay 40% of taxes, the bottom 50% pay 3% of taxes. We can make it even more progressive by zeroing out taxes on the bottom half. It’s a small amount of the total tax revenue but very meaningful to people in this group.

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Scott Hendricks
Scott Hendricks@scottndricks·
these morons will never understand anything other than what Elizabeth Warren and Bernie Sanders tell them to think. their entire agenda is to rile people up against wealth creation like it's some kind of crime. like they have some kind of legitimate claim on the money that a private citizen worked for. this is literally why america was founded - to be free from the tyranny of overreaching government. yet here we are.
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CNBC
CNBC@CNBC·
Jeff Bezos: "If I do my job right, the value to society and civilization from my for-profit companies will be much, much larger than the good that I do with my charitable giving."
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Scott Hendricks
Scott Hendricks@scottndricks·
you clearly don't have a baseline understanding of US Income Tax Law. you've heard the rhetoric from elizabeth warren and bernie sanders and you just regurgitate it. no, tesla does not pay income taxes currently. why? because for over a decade they lost money year after year after year. and when that happens, you basically get to save those losses and carry them forward for the future, when you actually do have income. this is a reasonable position for the US government to take. they WANT people to create businesses. and it only makes sense for them to pay tax when they've CUMULATIVELY made money. now, that issue is entirely separate from the individual tax code. any time elon sells $100 of Tesla, he's paying $24 to the Federal Government. every time he gets a stock option package, and those options vest (become worth money to him), he has to pay 37% (more than a nurse/teacher). so that $1T pay package democrats love to bring up? yeah, the federal government will get a free $370,000,000 if that happens. enough to pay off 1% of our entire national debt. it's the same for every other billionaire on a personal level. but these retarded democrats love to get up there and talk about how the corporations don't pay any tax. well A) they pay a ton of payroll taxes, real estate taxes, and most pay income tax. and B) the government themselves have written these tax benefits into law. i encourage you to research the actual facts behind these false claims
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bronzebust
bronzebust@bronzebust·
@chriswithans 25K x your age is insane dude. That means a 28 year old needs 700K liquid. There are probably less than 10,000 Americans who clear that bar.
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bronzebust
bronzebust@bronzebust·
I honestly have no idea what "a lot of money" even is anymore. 100K saved? 300K invested? 500K liquid? Buddy of mine had 10K in the bank and felt comfortable enough to buy a new (used) car and upgrade to a nicer apartment. Absolutely blew my mind.
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Scott Hendricks
Scott Hendricks@scottndricks·
@jimcramer Nvidia should just build their own clusters and lease out the compute?
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Jim Cramer
Jim Cramer@jimcramer·
Nvidia is going to have to start doing an Apple like dividend and buyback combo. I know it sounds "boring" but it worked for Apple and Nvidia will have a lot of cash on hand....
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