Kingerz retweeted
New in Politburo or Parrot 🦜
Share your shift!
Every shift ends with a stamped report, RELEASED or ARRESTED, ready to post.
Show me your days, parrots and sentence. 16 years in Kolyma because it was the real Politburo? Happens to the best of us 🫡
atomiquest.github.io/Politburo-or-P…
Share your shift!
Every shift ends with a stamped report, RELEASED or ARRESTED, ready to post.
Show me your days, parrots and sentence. 16 years in Kolyma because it was the real Politburo? Happens to the best of us 🫡
atomiquest.github.io/Politburo-or-P…
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Kingerz retweeted
The Committee decides where you live.
You do not own the place.
The collective does.
That is the 5 year plan. ☭
You do not own the place.
The collective does.
That is the 5 year plan. ☭
What communists say: “We want a stateless society, a society in which the state has naturally withered away.”
What communists do: *build a state that is the ultimate and only authority in every area of social life*
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Kingerz retweeted
a tale of three charts
alon RT another $kimchi coin, from a kimchi post
let's win!
how will the pump shills defend this one?
alon RT another $kimchi coin, from a kimchi post
let's win!
how will the pump shills defend this one?
tale of two charts
kimchi coming to pump was an open secret among paid off pump shills, who all miraculously got early entry into the new kimchi coin
insiders bought up the old kimchi coins and rugged it to collectively shill the new one
extraction continues
solana:CSocnzcRpgSCr1naKcNTieWZUxb6rABe45j844m7pump solana:CSocnzcRpgSCr1naKcNTieWZUxb6rABe45j844m7pump
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Kingerz retweeted
There is no such thing as "your" money, comrade.
There is only the people's money, which the Committee redistributes according to need.
The primary function of the state is to seize surplus and eliminate inequality.
Margaret Thatcher was a counter-revolutionary.
Tax da rich. elves will fill themselves. ☭
There is only the people's money, which the Committee redistributes according to need.
The primary function of the state is to seize surplus and eliminate inequality.
Margaret Thatcher was a counter-revolutionary.
Tax da rich. elves will fill themselves. ☭
Government rarely spends your money as wisely as you would.
Federal spending should be limited to things the federal government is uniquely empowered to do, like providing for America’s national defense.
Either way, government money is *your* money, and it’s not free!
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Kingerz retweeted
this California wealth tax thing is just incredible.
so in October 2025, a California healthcare union proposed a "one time" 5% tax on any billionaire's wealth. the ballot measure will be voted on next month. In early December 2025, California announced that it would be a ed, applying to anyone with CA residency as of Jan 1, 2026. The objective is to pay for Medi-Cal, California's incredibly dysfunctional healthcare system. (which also functions as a glorified welfare apparatus, but that's a discussion for another time).
polls reveal that the CA electorate is split around 50/50 on the tax, but prediction markets only give Prop 40 a ~23% chance of passing (there are competing measures on the ballet that would nullify it).
there are 200 billionaires in CA, worth collectively somewhere between $2.3 and $2.6 trillion. 5% of that is around $100b, accounting for a small amount of attrition. proponents of the tax forecasted a significant windfall, assuming only a 10% departure rate.
supporters thought they were being clever with the retroactive concept. no billionares would leave CA in the few short months between the tax being proposed and the residency cutoff date, without the tax even having passed yet, right?
well as it turns out, they did.
a new paper [1] from two academics at Stanford called "The Net Present Value of the California Billionaire Tax Act", argues that not only did more billionaires leave due to the proposed tax than its proponents expected, but that the value of the tax, if it does pass, is actually negative.
proponents of the tax only assumed 10% avoidance, that is, only 10% of the taxable base of targeted billionaires would leave CA within the very short Oct-Dec 2025 window. Jaros and Rauh, the Stanford academics, find that a lower bound of 28.6% of the taxable base managed to leave.
just based on known departures, those departures total $577b in net worth, or $28.8b in potential tax lost. this of course does not capture everyone (many left without announcing their departure), so the authors normalize to departure rates estimated from other wealth tax events, and apply other discounts for litigation, arriving arrive at a figure of only $28-$36b in forecasted tax revenues.
but this isn't all! all of the income taxes paid by the departed billionaires are also forsaken. the authors estimate that CA billionaires pay $3.3- 5.8b in annual income taxes. they assume a midpoint of $2b lost in annual collections from departed billionaires. the net present value of that lost income stream is -$68.9 billion.
so when you add it all up you get:
+ $30b one-time tax windfall (estimated)
- $69b in present value of lost future income taxes
= - 38.9b overall net present value of the tax
of course, this analysis is highly estimate driven. the authors simulate the parameters 100k times and find a negative NPV of the implemented tax 85 percent of the time.
and if the tax doesn't pass, which it's not looking like it will, California still ended up losing at least $577b in departed net worth, and they have permanently poisoned the well with entrepreneurs who will now worry about future wealth taxes.
[1]: nber.org/system/files/w…
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