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Joined 2 years ago
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Cake day: June 11th, 2023

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  • Not all wealth is a problem. His yachts and their maintenance isn’t actually the problem here: that money was spent. That money put shipbuilders and maintainers to work. The assets he gets from spending isn’t the problem.

    The problem is his registered securities: his stocks, bonds, and other financial assets. These assets aren’t just wealth. They generate wealth by taking it from the working class.

    What we need is a tax on all registered securities. We will exempt the first $10 million held by a natural person. This tax is payable in shares of the security. IRS liquidators will offer these shares in small lots, comprising no more than 1% of total traded volume. This minimizes the effect of the sale of these shares on their value.

    The only way to keep those shares untaxed is for a natural person to hold them. They will have greater value in the hands of the working class than the ultra-rich. This tax structure will shift ownership of companies toward the working class.

    Every McDonald’s employee should be compensated, in part, with shares in the company.




  • I’ve stopped a half dozen people from doing something like this… Every single one of them was filling up to the maximum pressure listed on the sidewall.

    The sidewall pressure is only the correct pressure at the maximum load on the tire. The maximum rated load on the tire is often nearly twice the vehicle’s maximum weight rating, so the sidewall pressure is never the correct pressure for your vehicle.

    The correct pressure for each tire on your vehicle is listed on a tag on the driver’s door, or door frame.
















  • Land contracts are an actual “thing”. They are legal agreements, recorded in the county register like a deed or a lien. You can buy or sell a home through a land contract right now, if you want. Currently, they aren’t particularly common, but they aren’t unknown either.

    I mentioned how I would like to eliminate rent entirely, by establishing exorbitant tax penalties for people who own multiple residential properties. Land Contracts are how I would meet the needs of people who need the flexibility of a rental arrangement, rather than just buying with a private mortgage.

    There is an interesting method of “rent” in use in South Korea that is far less parasitical. I don’t know of it being used in the US, but we could adopt it if we wanted. "Jeonse or “Key Money” is where the tenant makes zero monthly payments. Instead, they put down a large deposit. The landlord invests their deposit (there are limitations on what they can invest in), and keeps any interest. At the end of the rental period (usually 2 years) the landlord returns the entire deposit to the tenant. The tenant is protected by taking out a lien against the property. If the landlord cannot or will not return the deposit, the tenant takes ownership of the property.

    The Jeonse deposit is typically 50% to 80% of the purchase price of the house, but it can be externally financed if necessary.