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Joined 3 years ago
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Cake day: July 8th, 2023

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  • The problem with the “reinvestment” thesis is that the US and certainly not California, aren’t some fledgling economies struggling to develop and grow–wealth is so unhealthily concentrated it leads to those with outsized portion of the gains investing in things for the sake of investing rather than actually doing anything good for the economy(let alone nation) long term.

    Billionaires have wealth managers and investment teams throwing money at returns regardless of externalities, tax minimization, lobbying…they aren’t putting money into anything “real” that anyone on main street or any other street would benefit from.

    5% one time seems so poorly thought out it was designed to be voted down by those who want real change (permanent, ongoing), which is anyone not in the 1%



  • What does “X country corporation” in any industry mean when they have shell companies in the Cayman Islands, Isle of Man, Ireland or wherever tax rates and shelters can be best structured?

    Corporations have always been and will always be resource leeches that will abandon a country once they no longer have any blood left to suck. The host organism here in the US has already been overcome and Corps are about to start digesting previously pristine federal lands and forests for mining, forestry, and the critical national interest of off-road ATVing.

    There are no “country” corporations, they lobbied to be extra-national deliberately.











  • SpaceX IPO that is being “fast tracked” for inclusion in the S&P500 is exit liquidity for the early investors and musk. Value yourself at some bullshit and force the public to buy your shares by inclusion in the most popular index fund who are required to weight their holdings based on market cap of your stock and buy shares to mirror index.if the company were so valuable and amazing with future growth prospects why would any insiders who already have pre-IPO shares want to sell? To cash out and/or de-risk is the only answer, and the general public’s retirement will fund it. It’s the same reason Trump is pushing the FTC to allow riskier assets like crypto and private investments in 401k accounts; exit liquidity for the current holders, most of whom know their investments are shit. Who better to buy them than index funds and the general public by limited choice in 401k fund options?

    If any of this sounds familiar, it’s the same playbook as the great recession/“financial crisis”, when the rich elite suddenly required rescuing and backing of the US gov because their greed didn’t offer an out. Suddenly the public’s problem when they would have to take a loss.