
Stephan Bugaj
10.5K posts

Stephan Bugaj
@stephanbugaj
Big Nerd. Opinions are my own.











Featuring @stephanbugaj and talking about going from Emmy to AI film making. ourculturemag.com/2026/01/16/beh…



The guy with the flag is Jayden Scott. He was an agitator in Dearborn, too.

Trump supporter has a total mask off moment: "The storm is here! [...] No one can stop what is coming! [...] We executed one of you yesterday!”



JUST IN: Elon Musk tells X to increase creator payouts to compete with YouTube.

On the topic of billionaires and wealth taxes in California, I am opposed to wealth taxes because they effectively represent an expropriation of private property and have many unintended and negative consequences that have occurred in every country that has launched such a tax. I am however strongly in favor of a fairer tax system. To that end, it doesn’t seem fair that someone can build a valuable business, create a billion or more in wealth and pay no personal income taxes by living off loans secured by stock in the company, (and even if the loans are unsecured). Apparently, this approach is used by many super wealthy people. A small change in the tax code would address this unfairness. In short, personal loans taken in excess of one’s basis in the stock of a company should be taxable as if you sold the same dollar amount of stock as the loan amount. One shouldn’t be able to live and spend like a billionaire and pay no tax. I welcome arguments to the contrary as to why this is somehow unfair to the billionaire or even the hundred millionaire, but I don’t think there is a good one. The favorable current tax treatment of this approach also encourages the use of leverage which is not good for society. And with respect to California’s budget problem, the issue is not a lack of tax revenues. The problem is how the money is being spent. I have a bunch more ideas on other changes to the tax code that are hard to argue with if anyone cares.










