RobH_Perseverance72

A Canadian shouldn’t need permission to leave, and they sure as hell shouldn’t have to pay for the privilege. Taxed while you work. Taxed when you spend. Taxed when you invest. And now taxed for leaving. That’s not freedom.

Gad just learned about the Canadian “exit tax.” It’s very real. It’s one of the reasons our brain drain isn’t bigger than what it already is. It’s a form of entrapment. There are successful entrepreneurs who have highly profitable businesses, that do not leave because their business would be taxed as though it was sold, a deemed disposition, at fair market value, but they don’t have the money to pay the tax on it. Think of it as an acquisition happening, but with you getting no money, and instead a tax bill as though you made a captain gain (profit) on selling your business. It’s like the mafia. You can’t leave without paying a price.

Following a very difficult meeting with my accountant, I just found out how much it is going to cost me in terms of an "exit tax" to leave Quebec and Canada. No human being in a free society should have their hard-earned money stolen in this manner. I'm genuinely numb. I'm speechless.

I decide to leave Quebec/Canada because: 1) the taxation system is astounding, rendering it nearly impossible to accumulate enough money to truly retire 2) the government's open immigration policies have made it unsafe for my family to remain here (due to the exponential increase in Jew-hatred). Today I found out that I shall have to pay a departure tax for exercising my right to leave, and the money that will be taken from me (because the obscene amount of taxes that I've already paid in full is not enough) will be given to new incoming immigrants who hate Jews. My taxes funded my forced exit and will fund the harassment of any remaining Jews in Canada. It would take me 10+ more years of work to save the amount that is likely to be taken via the departure tax. Is this moral? Ethical? Just? In any case, off to bed. Tomorrow is a new day.

Following a very difficult meeting with my accountant, I just found out how much it is going to cost me in terms of an "exit tax" to leave Quebec and Canada. No human being in a free society should have their hard-earned money stolen in this manner. I'm genuinely numb. I'm speechless.

Following a very difficult meeting with my accountant, I just found out how much it is going to cost me in terms of an "exit tax" to leave Quebec and Canada. No human being in a free society should have their hard-earned money stolen in this manner. I'm genuinely numb. I'm speechless.

Marco Rubio: "For them to be able to see this event with their White House in the background as part of our celebration as a country of 250 years I think is a gift to the American people"

Behold, the most pathetic individual in the world.

The world just paid $2 trillion for a rocket company that lost $4.9 billion last year. And the rockets are not why it lost the money. They are the only part making any. SpaceX went public Friday, the largest IPO in history. Up 19%, a $2 trillion valuation, Elon Musk the first trillionaire. Then you open the filing. Three businesses sit inside it. Starlink, the satellites, brought in $11.4 billion, 61% of all revenue, and $4.4 billion in profit. It is the only piece that earns a dollar. The rockets that land themselves run a small loss reinvesting in Starship. And the AI arm, Grok plus the app once called Twitter, folded in this February, lost $6.4 billion in a single year on $12.7 billion of spending. Read that again. The satellites pay for everything. The AI loses more than the satellites make. And the AI is the part the market fell in love with. It gets bolder. The prospectus claims a total market of $28.5 trillion, the largest any company has ever put in a filing. Larger than the GDP of the United States. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year. Now the structure. About 4% of the company trades. That sliver sets the price for all of it. Musk is locked up for 366 days and holds roughly 80% of the votes. The public bought a company they cannot steer, priced on the one segment losing the most. This is the whole year in one ticker. The profit is satellites. The story is AI. The market bought the story. The rockets were never the risk. The risk is a $2 trillion price resting on the one bet that has yet to make a cent.