Most billionaires make money with capital gains not income. A 2% tax on millionairs would not hit billionaires too much, it would hit the people that run their business. For example, the owner of the New York Knicks would probably not be affected by the tax. But all the Knicks players would be.
Guy probably thinks having coffee in a NYC cafe is something an XY person brags about. No, we're not full. Come on down and bring the exotic cultures with you. But leave the American New Yorker culture there.
The scuttlebutt going around today is that she wanted to run for Senate and Trump refused to support her. She has to peel her MAGA supporters off to be able to win a primary against someone with Trump backing, and the only way to do that is to introduce them to the real world again.
Donald Glover: Good! BANNON: As God is my witness, if we lose the midterms and we lose 2028, some in this room are going to prison, myself included. They're not going to stop. They're getting more and more radical, and we have to counter that. And what do we have to counter it with? We have to… pic.twitter.com/FHQMg9HQwW— Bannon’s WarRoom (@Bannons_WarRoom) November 6, 2025
Calvin Crime Name this clothing brand. We'll go first: Crooks Brothers pic.twitter.com/iLPUVe2D6B— The Lincoln Project (@ProjectLincoln) November 6, 2025
When Florida Man runs the state What's next? Will National Park employees will be required to report Sasquatch sightings?Florida now requires airports to report sightings of 'weather modification' aircraft at center of chemtrails theory pushed by social media users. https://t.co/c5mpNeL6CT— Lincoln Square (@LincolnSquareHQ) November 6, 2025
Mamdani’s allegiance is to ISLAM, not to America.And we elected this idiot to be Mayor of New York City.It’s a disgrace and it’s EMBARRASSING. https://t.co/KJ087jPa5q— Coach Tommy Tuberville (@SenTuberville) November 5, 2025
this looks like a trick daffy duck would put up to get bugs bunny into "the oval office" pic.twitter.com/XG8doHM5Oz— derek guy (@dieworkwear) November 5, 2025
One part of The Present Crisis I still don’t really understand is just how public all of the bullshit is. The satire is more Three Stooges level of sophistication than Ianucci…but Trump is like Walter White, he keeps getting away with it. It feels that Hulu show, Jury Duty, and everyone here is the poor bewildered non actor in the middle. Dr. Oz linking obesity to dementia while Trump’s slumped over at his desk is absolutely a choice... pic.twitter.com/S2HMRrLX7D— Mike Nellis (@MikeNellis) November 6, 2025
Yes…defending NCAA football champions, and MLS teams in the playoffs. My post is a pathetic attempt to wring reps out of Ohioans. Don’t let me down!
My old dorm mate James Surowiecki has a good tweet He has totally lost it. There are many things the US has to worry about. "Remaining liquid" is not one of them. We control our own currency. We can be as liquid as we want. https://t.co/iJyAV3CEne— James Surowiecki (@JamesSurowiecki) November 7, 2025
And Jesus said, thou shall not feed the poor and the hungry from your bounty because you must build ballrooms with lots of gold to honor the Lord while remaining liquid in case Argentina needs another bailout. - Book of Trump, 11:06. https://t.co/fze6dd4itN— Ron Filipkowski (@RonFilipkowski) November 7, 2025
Oh look Trump is persecuting a black woman! Are we prosecuting improper gifts from Qatar now because I have suggestions. https://t.co/GLGtBwcMTT— Michael Freeman (@michaelpfreeman) November 6, 2025
For example They warned us that if Mamdani won, the government would try to seize the means of production, and here we are. https://t.co/gJNkgh3eyJ— Matthew Gertz (@MattGertz) November 6, 2025 Stalin would have had the common decency to do it behind closed doors. https://t.co/RrxpnwnNgF— Jim Stewartson, Antifascist 🇨🇦🇺🇦🏴☠️🇺🇸 (@jimstewartson) November 6, 2025
It’s Trump who wants to defy the constitution and run for a third term and Mamdani who told me explicitly he will never try and run for president.But for Ted Cruz, like for most Republicans, every accusation is a confession. https://t.co/anLktW2IhM— Mehdi Hasan (@mehdirhasan) November 6, 2025 Republicans want Donald Trump to run for a 3rd term even though he’s not eligible, but what do they care? Law doesn’t mean anything to them. Every Republican accusation is a confession. https://t.co/QyLepDRdVG— Melanie D'Arrigo (@DarrigoMelanie) November 6, 2025
"We have to codify it by Executive Order?" EOs won't mean Jack Shit if a Dem takes the White House. What a clown.
Stock options, so not income. He gets it if TESLA grows to be a 5 trillion market cap. That would make millionaires of multiple TSla stock holders, all capital gains.
It is compensation, so isn't it income? Musk (or any CEO or stockholder) can borrow against stock to buy things like yatches or planes or other companies, so it does have a taxable value, probably not at 100%, but that loophole is exactly what is creating the wealth gap distortion. Maybe we should tax them in shares, so the government has a vested interest that can be monetized, but that would mean that Trump is somehow right...
It's definitely income though it's not taxable until the options are exercised. The only way it is not income is if the option price is higher than the market price when you exercise the options but there is no reason to do that.
Capital gains tax is where the money is at. But not just for the rich, we all should pay a higher capital gains tax. I would vote in favor of taxing it as ordinary income, payroll type taxes included.