OG Capitalist Shrugged

When a clown enters a palace, the clown does not become a king, but the palace becomes a circus.

We need a party of free markets, instead of two parties that take turns being the freeloader.

While @DOJ prosecutes @SPLC for fraud, note that the states often have jurisdiction over charities organized under their corporate / nonprofit institution laws.

Not the worst idea for the #IRS to decide to examine and review **every** tax filer's Section 501 nonprofit status as if they were all new applicants for exempt status.

@cduhaime Long-time critique of American law enforcement has been its reliance on "cooperating witnesses" who often masterminded crimes, so defendants are convicted on the testimony of . . . criminals.

Something is seriously wrong with LE in the US, when a sugar baby becomes a top level counter-terrorism officer. Sugar babies take money and gifts from older men in exchange for "favours," which last time I checked was an illegal activity in the US except outside Vegas.

Wondering what @CocaCola thinks about this.

It takes a honeypot, to catch a honeypot.

@libsoftiktok @UnivOfKansas But how much was he paid by the SPLC?

SCOOP: Rick Hellman, a public affairs officer for the University of Kansas, made a post online calling for "Death to MAGA." He also attends "No Kings" protests. Any comment on your employee openly wishing for the death of Conservatives @univofkansas? You can contact the university here: publicaffairs@ku.edu

@MattFriedmanNJ Another lawyer who belongs on Mars.

A story about a a Clark and the bar, written by a Heath.

The @YaleLawSch professor who suggests old people be downsized and financially liquidated is doing what all good professors do: Being provocative so students - and readers of his book - question their real assumptions. He's actually shining a light on the grubby youth!

Former stockbroker and co-founder w/ Enrique Tarrio of the controversial #ICERaid app previously put another #crypto project into near-bankruptcy. cryptopolitan.com/auditchain-goe… Also see screenshot from @FINRA below.

@CryptoXmethod @noonesapp Compare the business models and cast of characters of both companies. Is it unreasonable to think the question will be asked? #crypto

@CapitalShrugged @noonesapp I thought NOONES is not part of this. Why will they wanna focus on NOONES, if the issue was from Paxful days? When do you think they will wanna focus on NOONES? 🤔

When do United States federal prosecutors look at the #Paxful crew, the overlapping key players (indicted Ray Youssef, etc.) with subsequent #bitcoin app @noonesapp, and focus on #NoOnes?

Very few #crypto industry people have disavowed or even mildly denounced now-indicted #bitcoin promoter Ray Youssef.

George Georgiades is a potential witness in criminal trial of #Paxful co-founder Ray Youssef. Both co-founder Artur Schaback & Paxful itself have pleaded guilty to #AML #compliance related felonies.

Capital gains tax represents one of the most egregious examples of double taxation in the federal code, yet politicians treat it as if they're taxing "unearned" income for the first time. You earn $100,000, pay income tax on it, and save $70,000 after Uncle Sam takes his cut. You invest that already-taxed money in stocks, real estate, or bonds. Ten years later, you sell for $140,000. The government swoops in again, demanding capital gains tax on your $70,000 profit. They're taxing the same economic activity twice: your initial productive work that generated the savings, then the delayed consumption that made investment possible. Capital gains represent nothing more than the time value of money plus compensation for risk. When you save instead of consume immediately, you defer gratification to provide capital for productive investment. That $70,000 you invested didn't sit idle; it funded business expansion, job creation, and economic growth. The return you earned reflects both the productive use of that capital and inflation's erosion of purchasing power over time. The double taxation becomes even more perverse when you consider inflation. If your $70,000 investment becomes $140,000 over ten years, but inflation averaged 3% annually, your real purchasing power increased by roughly $18,000, not $70,000. Yet the IRS taxes the entire nominal gain, including the portion that merely kept pace with their own monetary debasement. Every dollar collected through capital gains tax is a dollar stolen twice; once from your labor, again from your thrift.

@naomirwolf @NYCMayor Actually, petition challenges by the borough parties commonly use boilerplate allegations, everything but the kitchen sink.

Oh look! Alleged voter fraud in @NYCMayor ‘s borough of Queens. I tried to tell you.

@zerohedge Three decades ago, being so careless not to check the fake citations in a motion would almost assuredly have gotten you fired AND your law license in jeopardy.

In corporate America, the real problem is #cronyism. #DEI is just the label #HR uses to get away with hiring unqualified cronies & friends. Being "oppressed" is necessary but never sufficient. You must be in the "in" group. It's high school mean girl politics.

There are #BigLaw firms, white shoe and elite, charging $1000 an hour for purported legal work purportedly done by human associates, and it's #AI slop that's absolute fiction. That used to be a fireable offense and career-ending mistake.

Sullivan & Cromwell wrote to a bankruptcy judge to apologize for a court motion that included citations hallucinated by artificial intelligence

@ManhattanMingle By "fully tax the rich" they mean . . . confiscation. Expulsion comes next.

By “New Yorkers” they mean Illegal immigrants.