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Currency debasement turned a generation into gamblers because saving doesn't build wealth anymore. "The existing system doesn't work for them, that they're not able to build wealth in it, they can't save in dollars. So it's kind of like win big or die trying." - Gary Brode

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18,421 просмотров • 5 месяцев назад •via X (Twitter)

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JUST IN: 🇺🇸 Donald Trump on the government selling #Bitcoin: “It's something they shouldn't be doing because they should be trying to build it.” “It's a very modern currency”
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Not everyone fights for the country because they want public office or tenders. Some of us just want a fair system and affordable capital to legitimately build our own wealth and employ more people. The message this morning is this, you don't have to steal to make it big.
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J-Cal: Build something of value, don't go $200K into debt for college! "Everybody talking about how poor people as a group can never, ever strive and never build anything, the truth is it's the easiest it's ever been to build a company, to build a project, and to be independent as a creator of a product or service in the world." "It's the easiest it's ever been. It requires the least capital and the least amount of time." "So we're selling a narrative to people that they're helpless, when in fact they are super, super empowered." "The only thing you can't do is put yourself into $200,000 in debt, because you'll never get out of it."

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Camilla Tominey humiliated on #BBCQT Gary Stevenson explains how we have given away national assets to rich people, so we should tax rich people Camilla Tominey dismisses the call to tax rich people by saying everyone pays taxes Gary Stevenson explains to tax the rich on their wealth Camilla Tominey says taxing the rich doesn't work, then cites European efforts to do so, she cites Norway But Norway haven't scrapped their wealth tax - In 2021 Norway raised the wealth tax from 0.85% to 1.0%, and to 1.1% for the richest. Their wealth tax brings in 34.5 billion kroner (about £2 billion) Gary Stevenson answers citing the second home stamp duty tax brought in by the Conservatives which has a loophole exempting those who buy 7 homes or more at once citing Jeremy Hunt Fiona Bruce says she doesn't know if he did or didn't buy 7 homes In 2018 Jeremy Hunt bought 7 flats in Southampton, doing go he made use of the loophole and saved over £100,000 in stamp duty tax. Not only did he do this, but Hunt didn't initially declare the purchase. This was a big story, surprised Bruce didn't know about it Gary Stevenson then explains how these loopholes mean rich people avoid paying tax, and its everyday people who end up paying more Camilla Tominey now humiliated over the idea of a wealth tax, then shifts her position wondering if wealth taxes will go to the poorest and not train drivers who are better paid She's trying to compare millionaires with non millionaires to suggest that we shouldn't tax more millionaires This is like saying, can you guarantee that leaving the EU will drop immigration. Well it could have, but it didn't because the people who convinced others to Brexit, like Boris Johnson, increased legal immigration to this country She also knows that tax today is specifically allocated to specific causes, so she's trying to create a reason not to tax the rich In reality, the way any tax is allocated to spending is down to any specific government policy, so it isn't whether we do or dont have a wealth, it's whether government choses a policy that allocates the additional income that is earned But also, and this is the crucial part, she started saying that wealth taxes don't work, and then she ends saying that you can't guarantee that they will go to those who need it the most - these are two different positions, and the second one nullifies the first as its an admission that wealth taxes could work but she dismisses them because they may not go to those most in need If a wealth tax, helps society in any way, it has worked e.g. fixing potholes that benefits everyone, including the poorest The extent to which people go to to dismiss wealth taxes on the rich is astonishing, tragic, and it is only our society that loses out by not doing so
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Camilla Tominey humiliated on #BBCQT Gary Stevenson explains how we have given away national assets to rich people, so we should tax rich people Camilla Tominey dismisses the call to tax rich people by saying everyone pays taxes Gary Stevenson explains to tax the rich on their wealth Camilla Tominey says taxing the rich doesn't work, then cites European efforts to do so, she cites Norway But Norway haven't scrapped their wealth tax - In 2021 Norway raised the wealth tax from 0.85% to 1.0%, and to 1.1% for the richest. Their wealth tax brings in 34.5 billion kroner (about £2 billion) Gary Stevenson answers citing the second home stamp duty tax brought in by the Conservatives which has a loophole exempting those who buy 7 homes or more at once citing Jeremy Hunt Fiona Bruce says she doesn't know if he did or didn't buy 7 homes In 2018 Jeremy Hunt bought 7 flats in Southampton, doing go he made use of the loophole and saved over £100,000 in stamp duty tax. Not only did he do this, but Hunt didn't initially declare the purchase. This was a big story, surprised Bruce didn't know about it Gary Stevenson then explains how these loopholes mean rich people avoid paying tax, and its everyday people who end up paying more Camilla Tominey now humiliated over the idea of a wealth tax, then shifts her position wondering if wealth taxes will go to the poorest and not train drivers who are better paid She's trying to compare millionaires with non millionaires to suggest that we shouldn't tax more millionaires This is like saying, can you guarantee that leaving the EU will drop immigration. Well it could have, but it didn't because the people who convinced others to Brexit, like Boris Johnson, increased legal immigration to this country She also knows that tax today is specifically allocated to specific causes, so she's trying to create a reason not to tax the rich In reality, the way any tax is allocated to spending is down to any specific government policy, so it isn't whether we do or dont have a wealth, it's whether government choses a policy that allocates the additional income that is earned But also, and this is the crucial part, she started saying that wealth taxes don't work, and then she ends saying that you can't guarantee that they will go to those who need it the most - these are two different positions, and the second one nullifies the first as its an admission that wealth taxes could work but she dismisses them because they may not go to those most in need If a wealth tax, helps society in any way, it has worked e.g. fixing potholes that benefits everyone, including the poorest The extent to which people go to to dismiss wealth taxes on the rich is astonishing, tragic, and it is only our society that loses out by not doing so

Farrukh

496,597 просмотров • 1 год назад

In 40 years of dictatorship M7 was not able to build decent hospitals, so he comes to London for eye treatment. We will welcome him! Let's hope he doesn't explode into blind fury.
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In 40 years of dictatorship M7 was not able to build decent hospitals, so he comes to London for eye treatment. We will welcome him! Let's hope he doesn't explode into blind fury.

Dr Nico

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Barry Sternlicht recently gave a VERY insightful interview about tariffs and what it means for real estate prices - what he said is troubling: "The promotion of American manufacturing is a great idea, but we are not a manufacturing nation... We only have 13 million jobs of 160 million in manufacturing, and we're running a 4% unemployment rate. So I'm not sure who's going to work in all these factories. We're going to need some really quick efforts from Musk and Zuckerberg in robotics to actually build, have people work in these factories. Americans don't want to do that. That's not the jobs that they're interested in taking today... I think the tariffs are super complicated... I do think the focus should be on China. We run a $250 billion trade deficit with China... China is [the] second largest economy in the world with a fixed currency. And that alone is not right. That currency should go up and down with trade flows like every other major currency. So you start there. And I don't think the tariffs are tactical. And the if you put them in place, as [Trump] just did with steel tariffs, American companies will raise prices. So it is very inflationary. And for real estate, it's really bad. [For example] we need [Canada's] lumber. Or we can chop down our own trees but it's a bad thing. We run an equal trade deficit with Canada other than oil but we use their oil... if we don't buy it, they're going to ship it to Asia. For existing owners [of real estate], it's good because to build a new building will be more expensive. So the existing office stock, the existing apartment stock is going to be worth more. But it's bad because the numbers won't work to create new [buildings]. You won't be able to build anything. We already have a four to five million unit housing shortage... And you're seeing it in the sentiment of the builders that they're nervous. Everyone's a little nervous."
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Barry Sternlicht recently gave a VERY insightful interview about tariffs and what it means for real estate prices - what he said is troubling: "The promotion of American manufacturing is a great idea, but we are not a manufacturing nation... We only have 13 million jobs of 160 million in manufacturing, and we're running a 4% unemployment rate. So I'm not sure who's going to work in all these factories. We're going to need some really quick efforts from Musk and Zuckerberg in robotics to actually build, have people work in these factories. Americans don't want to do that. That's not the jobs that they're interested in taking today... I think the tariffs are super complicated... I do think the focus should be on China. We run a $250 billion trade deficit with China... China is [the] second largest economy in the world with a fixed currency. And that alone is not right. That currency should go up and down with trade flows like every other major currency. So you start there. And I don't think the tariffs are tactical. And the if you put them in place, as [Trump] just did with steel tariffs, American companies will raise prices. So it is very inflationary. And for real estate, it's really bad. [For example] we need [Canada's] lumber. Or we can chop down our own trees but it's a bad thing. We run an equal trade deficit with Canada other than oil but we use their oil... if we don't buy it, they're going to ship it to Asia. For existing owners [of real estate], it's good because to build a new building will be more expensive. So the existing office stock, the existing apartment stock is going to be worth more. But it's bad because the numbers won't work to create new [buildings]. You won't be able to build anything. We already have a four to five million unit housing shortage... And you're seeing it in the sentiment of the builders that they're nervous. Everyone's a little nervous."

Triple Net Investor

177,868 просмотров • 1 год назад

𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗽𝗲𝗼𝗽𝗹𝗲. That's how many are locked out of US wealth storage according to Michael Saylor in a Fox interview. Not because they're poor, because the system won't let them in. 𝗧𝗿𝗮𝗻𝘀𝗹𝗮𝘁𝗶𝗼𝗻: The global financial system is designed to keep most of the world locked out of dollar-denominated wealth. Bitcoin breaks that. No banks. No borders. No permission. You can literally move your entire net worth to the strongest economy on Earth from a Nokia in rural Africa. That's why they fought it for 15 years. Change my mind.mind.
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𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗽𝗲𝗼𝗽𝗹𝗲. That's how many are locked out of US wealth storage according to Michael Saylor in a Fox interview. Not because they're poor, because the system won't let them in. 𝗧𝗿𝗮𝗻𝘀𝗹𝗮𝘁𝗶𝗼𝗻: The global financial system is designed to keep most of the world locked out of dollar-denominated wealth. Bitcoin breaks that. No banks. No borders. No permission. You can literally move your entire net worth to the strongest economy on Earth from a Nokia in rural Africa. That's why they fought it for 15 years. Change my mind.mind.

Lark Davis

31,791 просмотров • 5 месяцев назад