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If you weren’t sure who the Deep State were, they all got pardoned today.

In moments of uncertainty, when courage and strength are required, you find out who the true corporatist scumbags are.

r/wallstreetbets is now the largest hedge fund in the world. Excepts it’s completely decentralized and entirely democratic.

Buffett once said: “It’s not about timing the market, it’s about time in market.” There should be a step down in capital gains tax for individuals as they hold stocks. 20% per year decrease in cap gains tax. 0% after a five year hold period. Incentivize long term behavior.

That was the most incredible thing I’ve ever seen. He got bitch slapped for a) having a poor hand b) for pushing the world to the brink of WW3 c) for not saying thank you for billions in aid d) for campaigning against the President and helping his opponent in the election And in front of the media for every American to see in real time.

Some of us are lucky enough to inherit the following balance sheet from our parents: Contacts: 0 Money: 0 Power: 0 Resiliency: ♾ Desire: ♾ Drive: ♾ Grit: ♾ How lucky were WE?!?!

You are wrong. The five alarm fire will happen AFTER the WH reveals some of the waste, fraud and corruption this team uncovers. This will be Iran Contra on steroids. I’d buckle up.

All the money in 2008 was made by suits identifying a market dislocation and exploiting it. All the money in 2021 was made by retail identifying a market dislocation and exploiting it...until the suits intervened. 👀 What’s the difference with these two statements?

Connecting the dots: (1) You work your ass of, with no real wage growth over the past many years. (2) The government takes more and more of your money through taxation, telling you it all goes to a good cause and you will reap the benefits. (3) Nothing actually gets better so you start to question wether this is just a huge grift. (4) DJT promises to take a wrecking ball to all of it. He doesn't hide his intensions and his transparency gets him elected with a landslide and without a shadow of doubt. (5) The wrecking ball arrives via Elon and his Gang of Five and you start to learn that your money was being used to create and sustain a shadow government. Your money was being pilfered by unelected bureaucrats to prop up organizations domestically and abroad to do their bidding - Politico, NYTimes, NGOs. The list goes on and on. The only questions left are how far the rot goes and how complete the removal of this cancer will be. This is not a Republican or Democrat issue anymore, its common sense.

With Zuck’s move to Florida, California’s total taxable wealth from billionaires has plummeted to well under $1T from over $2T just a few weeks ago. The loss of this tax revenue was totally avoidable but is now forever. All because Gavin Newsom stood motionless as this stupidly written bill, from a fringe union and a handful of socialist academics with an axe to grind, meandered its way into the public conversation without any action from him and freaked everyone out. These were all people that were paying 13%+ in state income tax every year WITH NO COMPLAINTS UNTIL A FEW WEEKS AGO. And now, for the rest of time, the lost tax revenues from these folks will have to be paid for by the middle class because they are the only group left in California large enough that you can tax to fill the hole. He’s forsaken the middle class instead of managing the budget, managing the deficit, eliminating even a portion of California’s gargantuan waste and abuse. He could have done any of these things at any point over the past 7+ years. But he was silent. And now California’s budget will implode and he wants to run for President. Insane.

After watching the Fox interview with the DOGE team, it’s clear to me that the domestic terrorism against Tesla isn’t bottoms-up vandalism. It’s an organized effort to pressure Elon to walk away from DOGE. Why? There are monied interests that have benefited for decades from the organized “leakage” from the government. It’s clear that DOGE is finding and stopping it. The incentive, then, to hire rent-a-protesters and pay for organized terrorism is clear. What they don’t understand is the Elon will double and triple down. Separately, the DOJ can uncover all of this by arresting the protestors, making them roll and following the money.

And this happened today.

Tell me what to buy tomorrow and if you convince me I’ll throw a few 100 k’s at it to start. Ride or die.

In moments of uncertainty, when courage and strength are required, you find out who the true corporatist scumbags are.

The stock market is crashing! Trump has ruined everything! This is the end! Or…to quote the great Dave Chapelle: “…and hear me out when I say this…you could shut the fuck up.” The stock market has simply rung out Biden’s last gasp of free money before he lost the election. We are back to where we were a year ago.

Im about to really fuck some shit up...just fyi.

Lots of $GME talk soooooo.... We bought Feb $115 calls on $GME this morning. Let’s gooooooo!!!!!!!!

Buffett once said: “It’s not about timing the market, it’s about time in market.” There should be a step down in capital gains tax for individuals as they hold stocks. 20% per year decrease in cap gains tax. 0% after a five year hold period. Incentivize long term behavior.

That was the most incredible thing I’ve ever seen. He got bitch slapped for a) having a poor hand b) for pushing the world to the brink of WW3 c) for not saying thank you for billions in aid d) for campaigning against the President and helping his opponent in the election And in front of the media for every American to see in real time.

Why should domestic terrorists NOT be sent to El Salvador?

I’ve had every car imaginable: Range Rover Mercedes Bentley Toyota Ferrari Volkswagen Honda And my Model Y is the absolute best, no close competitor.

Unfortunate update as of today: More calls from friends. The total wealth that has left California is now $1T. We had $2T of billionaire wealth just a few weeks ago. Now, 50% of that wealth has left - taking their income tax revenue, sales tax revenue, real estate tax revenue and all their staffs (and their salaries and income taxes) with them. In other words, by starting this ill conceived attempt at an asset tax, the California budget deficit will explode. And we still don’t know if the tax will even make the ballot. California billionaires were reliable tax payers - 13.3% every year. They were the sheep you could shear forever. Now California will lose this revenue source FOREVER. Unless this ballot initiative is pulled, we will not stop the billionaire exodus. With no rich people left in California, the middle class will have to foot the bill.

1. Trump is more popular with young people than old people. Most young people don’t own stocks or homes (aka they are asset-light). 2. Trump is also more popular amongst working and middle class folks. Most of these folks are also asset-light. It stands to reason that a fall in asset prices (stocks down or home prices down) have very little impact on his core constituents. To that end, I won’t be surprised if Trump has little reaction, then, to an equity or home price market correction. Separately, the upside of shrinking these asset prices is that it gives the folks mentioned above a legitimate chance to buy into those markets at lower levels, making equity ownership and/or home ownership more possible. Tangentially, if Trump figures out how to get rents lower, he will unite young people and asset-light working people into a reliable voting block for the foreseeable future. He will have given them the trifecta: cheaper stocks, cheaper homes, lower rent. Said differently, don’t presume that the stock market going up is a useful barometer anymore. In fact, it going down may be a better signal for his popularity. Time will tell.

r/wallstreetbets is now the largest hedge fund in the world. Excepts it’s completely decentralized and entirely democratic.

There are only two priorities: Inequality + Climate Change