Twitter thread

[Space Freely]

Just stayed at Lake Lure where Dirty Dancing (and Last of the Mohicans) was filmed a few weeks back. Really gorgeous place. My wife's family has a lakehouse right on it.

Are they doing remakes of both of those films?

[kosmo vinyl]

This is one didn’t see that coming threads

https://twitter.com/gothspiderbitch/status/1526541978497912832?s=21&t=FCNCf7sxYkHaH04leG4YYQ

[Dejecty-hatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

got a great shot of the blood moon

https://twitter.com/BUMFLOWERs/status/1526377804035678208?s=20&t=eHhhxEJhFE03T7kPCuZ_BQ

[Julian, Bespoke SEXPERT]

Just stayed at Lake Lure where Dirty Dancing (and Last of the Mohicans) was filmed a few weeks back. Really gorgeous place. My wife's family has a lakehouse right on it.

Are they doing remakes of both of those films?

As a pedantic person, I appreciate this sentence layout callout.

[Justin Tonation]

[kosmo vinyl]

The perfect tweet

https://twitter.com/brooke_af/status/1528845607149903873?s=21&t=ZThYBAWl0auIcDQ7q1bopA

[Dejecty-hatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

That is some clever retort!


TIL I learned about the Georgia Guidestones
https://en.wikipedia.org/wiki/Georgia_Guidestones

The structure is sometimes referred to as an "American Stonehenge"
their apparent advocacy of population control, eugenics, and internationalism have made them an object of controversy and conspiracy theories.

My take is this lady is against any thing that is written on stone that is not from the bible

Oh yeah we can keep Confederate soldier monuments up "to not forget history" but we can tear this down, because we don't agree with it


Do you take me for a sponge, my lord

[Julian, Bespoke SEXPERT]

TIL I learned about the Georgia Guidestones
https://en.wikipedia.org/wiki/Georgia_Guidestones

Fascinating read.

[Dejecty-hatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

TIL the same woman thinks that there are human sacrifices happening on top

https://twitter.com/patriottakes/status/1529153428068376578?s=20&t=5Rzj72ot29r17wJrFz8_YA
Georgia Republican candidate Kandiss Taylor suggested human sacrifices are being done atop the Georgia Guidedtone monument that she wants to tear down as Governor.

[sweetcell]

good trevor noah rant on the tax-free status of unrealized gains:

Trevor’s no finance expert, but the details of Elon Musk’s Twitter buy seem a little weird.

[Dejecty-hatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

I'm all for taxing the rich

But not sure how you can tax people on unrealized gains

value is only real when it's sold.
only a few months ago I could have a had 1 Million usd in value in Bitcoin
but now, only a few weeks later it's only worth $14.3435 in USD

Now if I sold the bitcoin when it was worth 1 million I would (and should) have paid taxes
but should this law say...well you had 1 Million in value on x date, you owe us taxes on that

I assume that then there would also be a 'credit' for unrealized losses too
couldn't I just say I lost 1 million in bitcoin to offset profits somewhere else



So part of his argument is in using it for Collateral to get other loans...and yes it is a little voodoo economics to do that

but say the lender cashed in on that collateral would he owe the taxes on that sale at the time

[Dejecty-hatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

someone hacked Tucker's twitter bio
https://twitter.com/TuckerCarlson

[vansmack]

good trevor noah rant on the tax-free status of unrealized gains:

Trevor’s no finance expert, but the details of Elon Musk’s Twitter buy seem a little weird.

Should you pay taxes on a home equity loan?

[Dejecty-hatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

good trevor noah rant on the tax-free status of unrealized gains:

Trevor’s no finance expert, but the details of Elon Musk’s Twitter buy seem a little weird.

Should you pay taxes on a home equity loan?

I don't think so, honestly the tax deduction for interest on these loans is kinda bullshit (same for home loans...why would any loan interest  be deductible?)

Although it is income per se.  So I think you could tax it, but then you'd take that sum to reduce your capital appreciation when you sell
so wouldn't really net anything revenue wise and would make little incentive to take that kind of loan


I'd like to have some sort of wealth tax, I just don't think this is the way to do it

[vansmack]

I don't think so,

Same principle as Musk's Twitter funding, and I agree.  He's not realizing the gain, he's borrowing against assets and taking a huge risk.  That's not a taxable event.

honestly the tax deduction for interest on these loans is kinda bullshit (same for home loans...why would any loan interest  be deductible?)

And I also agree here, even more so for a home equity loan.   While the mortgage deduction was an incentive to get people to fulfill the American Dream and buy a home, deductions for Home Equity loans make no sense and are an incentive to get folks into more financial trouble.  The elimination of the SALT deductions cost me a fortune in taxes, but I think it's fair.

Although it is income per se. 

An asset is not income.