The Key phrase here is Unrealized Capital Gains - Because he hasn't sold ownership so he's never cashed out. The amount appears to be all his wealth.
A mark-to-market billionaire tax on unrealized capital gains would be robbery to @elonmusk as he would likely need to liquidate ~half his $TSLA shares just to pay the tax. pic.twitter.com/tXd0ExcQiM
Posted by: 3dc ||
10/26/2021 05:41 ||
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#1
The very definition of counting chickens before they hatch and killing the goose that lays the golden eggs all rolled into one. And all to make a better life for the George Floyds of the world.
Posted by: M. Murcek ||
10/26/2021 6:04 Comments ||
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#2
A young, energetic, well educated entrepreneur and philanthropist who understands math. He must be evil.
#3
Well, you have Musk and Thiel on the one hand, tending their knitting and making the occasional sharp observation of society. Then you have Microdose Jack, Fat Boy Benoiff, Suckerpurge, Reed Hastings and other people who think their money gives them some special license to decide how you should live. Maybe billionaires should take a vow of silence.
Posted by: M. Murcek ||
10/26/2021 6:48 Comments ||
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#4
OTOH, the gummint could stop the subsidies it makes to Tesla and SpaceX. Let the screeching begin.
Posted by: M. Murcek ||
10/26/2021 8:06 Comments ||
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#5
Ref #4: Some things are better leased than purchased.
#11
would be more fair to simply alter the 'step up basis' rule and limit the amount of 1031 exchange holdings to, say $10M.
then the cap gains rate could be lowered a point or two with a net
Posted by: Lord Garth ||
10/26/2021 15:06 Comments ||
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#12
When a Democrat California senator gave Musk grief he moved to Texas. Not sure where he can go now, but I imagine he'll be a lot more involved in donating to strategic political campaigns in the future.
[FoxNews] The Department of Education appointed the president of the National School Boards Association (NSBA) to a federal board overseeing student progress, despite a controversial letter the organization sent urging the Biden administration to investigate opposition to school boards.
Earlier this month, Viola Garcia was appointed by Secretary of Education Miguel Cardona to the National Assessment Governing Board (NAGB), which has oversight over the National Assessment of Educational Progress (NAEP).
The NAEP, according to its website, was first administered in 1969 and "is the largest continuing and nationally representative assessment of what our nation’s students know and can do in subjects such as mathematics, reading, science, and writing."
Garcia signed the Sept. 29 letter asking the Biden administration to review threats and violence against education administrators and schools to determine if they violate the Patriot Act and hate crime laws. The letter came amid clashes between angry parents and educators over COVID-19 policies and critical race theory being taught in classrooms.
The letter went on to address hostilities toward school boards as possible acts of "domestic terrorism," claiming there had been an increase in "acts of malice, violence and threats against public school officials."
The NSBA, which represents more than 90,000 school board members, was in talks with White House officials for several weeks before sending its letter, according to emails obtained by the Washington Free Beacon and later released by Parents Defending Education (PDE).
[Army Times] A progress report from the Defense Department’s Countering Extremism Working Group is about three months late, but it’s nearly done, Pentagon spokesman John Kirby told Military Times on Monday.
The report, originally due in July, is supposed to include a list of mid- and long-term efforts for the working group, as well as an update on their first three tasks, as laid out by Defense Secretary Lloyd Austin back in April.
“The report is nearing completion,” Kirby said, though there is no date nailed down for briefing the secretary and then announcing the results publicly, adding, “And it will, as we’ve talked about, it will include a new definition set of what extremist activity comprises.” "Voting Republican, thinking for oneself, denying White Supremacy sins, transphobia, ...."
Previously, the DoD definition of extremist activity focused on planning, fundraising or other “active” participation in extremism groups, though membership was not banned.
The new definition is expected to more specifically identify extremist behaviors, outside of a group setting, as several recent examples of extremist service members have been unaffiliated with an organization.
Though the report is running behind, Kirby said that the working group has continued ahead with its tasks in the meantime.
“They have set up processes, interdepartmental processes, to continue to work on this, Kirby said. “And one of the things that they already said they were going to try to do was another study on extremism, so the work continues.”
In addition to the definition and a prevalence study, the working group will update procedures to screen for extremist sympathies in recruits and to educate transitioning service members about the possibility of being recruited by an extremist group after separation.
In the meantime, DoD has funded outside research into best practices for dealing with extremism in the military
A Rand Corp. report published in September recommended a handful of things the Pentagon is already looking at, including research into the current state of extremist views in the services, as well as means to handle the issue when it comes up.
However, according to the report, “the military could better leverage existing violence prevention programs to prevent service members from becoming involved with extremist groups.”
That same sentiment is reflected in another, privately-funded Rand report released Monday.
Further down the road, Rand’s Monday report suggests, there will need to be a clear framework for dealing with troops who are found to fall under the new definition of extremism.
“Ultimately, DoD will need to craft policies that govern the consequences for service members who are shown to have joined an extremist organization,” which could include discharge, the report continues, but could also involve interventions “designed to help individuals walk away from extremism.”
#9
The best outcome I can see here is that Power Point preparation gets classified as an extremist activity. But that's a lot to hope for. Maybe we can dig up a Power Point of Jackson explaining his flanking maneuver at Chancellorsville to Lee.
Posted by: Matt ||
10/26/2021 13:23 Comments ||
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#10
Pretty sure the Sci Fi novel was a John Brunner one.
#15
Merrick Ferret ('MF?'), did you choose that nym or was it perhaps our host's most creative one yet? 'Honoring' our AG as a sometimes-domesticated relative of a weasel.
#17
did you choose that nym or was it perhaps our host's most creative one yet?
While our host no doubt inspired me -- perhaps the benign equivalent of the young Harvard Wakandan lass's Woke Miasma Theory -- I chose it with the help of MG's parents. Combine a pseudo-Wakandan given name (WTF is a white man doing, running around with a ghetto name like Merrick?) .
As to "Ferret," aside from the alliterative ring, the image of a semi-feral rodent presented itself naturally with this one.
Come to think of it, all of these bizarre characters resemble diminutive semi-feral rodents: (menstruating person)
Tony Blinken-Marten
Squirrelface Kamala
Dr. Rachel Rodent,
BootyGerbil, Czar of Canals & Tunnels
and of course Fauci the Ur-Weasel
'She says, "You know, he understands all his failings and flaws as a man, and you don't seem to understand as well just exactly how messed up you are"'
Obama said he replied to his wife: 'You're right. No doubt'
Michelle and Barack Obama met in 1989 while working at a law firm in Chicago and married three years later
Springsteen and Obama have paired up now to produce a podcast and forthcoming book, 'Renegades: Born in the USA'
[FOXNEWS] Sen. Rand Paul, R-Ky., said in an interview that aired Sunday night that Dr. Anthony Fauci ...American epidemiologist with rotating opinions, warnings about the unlikely, and reassurances that if you wear a mask you won't get COVID, as long as you're wearing multiple masks, assuming wearing a mask is necessary in the first place... , the top disease specialist in the U.S., should be fired after last week’s revelation that the National Institutes of Health funded gain-of-function research on the coronavirus (aka COVID19 or Chinese Plague) ...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men... Paul was interviewed by Axios and mentioned a letter from the NIH to Ranking Member Rep. James Comer, R-Ky., that admitted to "limited experiment" conducted in order to test if "spike proteins from naturally occurring bat coronaviruses circulating in China were capable of binding to the human ACE2 receptor in a mouse model," which critics say contradict Fauci’s long-held claim.
"He [Fauci] should be fired, Paul said. He continued, "just for lack of judgment if nothing else."
#3
Fauxi and Dasazk pay per view in a cage with scorpions that have had their stingers dipped in ebola.
Posted by: M. Murcek ||
10/26/2021 6:29 Comments ||
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#4
"Gain in function" is a PC term for "Weaponization". He developed a bioweapon that was released into the public killing millions. He needs to be tried in the Hague for crimes against humanity.
Posted by: 49 Pan ||
10/26/2021 11:12 Comments ||
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#5
Grandma back into the pestilential nursing home? Ok.
Destroy the livelihoods of 20 million US households? If you say so.
Ruin the next generation by making them into masked zombies staring at screens all day and half the night for a year and a half? Sure, we're all in it together, got it.
But hurt beagles? Now you've done it. That's FASCISM
#6
Only problem with the Hague is the only person who died under their jurisdiction died of old age in jail.
Posted by: M. Murcek ||
10/26/2021 11:23 Comments ||
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#7
Grandma back into the pestilential nursing home? Ok.
Destroy the livelihoods of 20 million US households? If you say so.
Ruin the next generation by making them into masked zombies staring at screens all day and half the night for a year and a half? Sure, we're all in it together, got it.
But hurt beagles? Now you've done it. That's FASCISM
The first three statements are built upon the foundation of the potion gnome's unquestionable morality.
*Snicker* There are real risks to getting the concentrated attention of PTA parents, who nowadays bring skills far more interesting than mere cookie baking to the table.
[JUSTTHENEWS] A national education group that implied some parental activism is tantamount to "domestic terrorism" owes nearly $20 million to the IRS ...the Internal Revenue Service; that office of the United States government that collects taxes and persecutes the regime's political enemies... , according to tax forms reviewed by Just the News.
Most of that comes from "accrued pension liability," as disclosed by the National School Boards Association's 2017 and 2018 Form 990 filings. Unlike those two, the 2019 form — the most recently filed — does not include an itemized list under the federal income taxes subheading for "other liabilities."
Its liabilities have exceeded its assets by around two to one in recent years, and up to seven to one in the first half of the 2010s, according to rundowns by ProPublica.
Just the News couldn't find any IRS action seeking recovery of that money. The only federal legal action against NSBA in its own jurisdiction was an employee lawsuit alleging racial discrimination, which a judge dismissed about a year ago.
NSBA director of communications Jason Amos noted it's a tax-exempt nonprofit but didn't respond when told the liabilities are listed on its own federal tax forms.
Posted by: Fred ||
10/26/2021 00:00 ||
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#1
Doesn't look like the right link to the article; it says nothing about the supposed IRS liability. That said, I'm thinking said liability is really what the union owes the pension fund in matching 401(k) contributions, not a tax it owes to the IRS. The latter kind of liability would generally be for unpaid payroll taxes like Al Sharpton did for a number of years.
[RevolverNews] If Revolver News’s previous reporting points to a proactive role of the federal government in relation to the conspiracy cases against Oath Keepers and Proud Boys, the Ray Epps story that follows suggests a similar, yet more egregious, explicit, direct and immediate degree of federal involvement in the breach of the Capitol itself.
Here is a transcript of Thomas Massie’s exchange with the Attorney General, just in case you skipped past the video above.
Rep. Massie: As far as we can determine, the individual who was saying he’ll probably go to jail, he’ll probably be arrested, but they need to go into the Capitol the next day, is then directing people into the Capitol the next day, is then the next day directing people to the Capitol. And as far as we can find. You said this is one of the most sweeping in history. Have you seen that video, or those frames from that video?
AG Garland: So as I said at the outset, one of the norms of the Justice Department is to not comment on pending investigations, and particularly not to comment on particular scenes or particular individuals.
Rep. Massie: I was hoping today to give you an opportunity to put to rest the concerns that people have that there were federal agents or assets of the federal government present on January 5 and January 6. Can you tell us, without talking about particular incidents or particular videos, how many agents or assets of the federal government were present on January 6, whether they agitated to go into the Capitol, and if any of them did?
AG Garland: So I’m not going to violate this norm of, uh, of, of, of, the rule of law.
[Looks down and away]
I’m not going to comment on an investigation that’s ongoing.
Posted by: Abu Uluque ||
10/26/2021 00:00 ||
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#1
When Garland said the Justice Department does not comment on pending investigations the response from Massie should have been “I am requesting you leak the information to the media as the department did on previous investigations”.
#3
When I was in college back in the late 70s we were on foot headed out for beer when we spotted an obese syster with piercings and tats decades before those became common, in a circus tent sized muumuu with a little slithery mammal on a leash. One of my fellows said "Nice weasel, lady!" and she bitterly spat back "It's a ferret, asshole." I still get a laugh thinking about it.
Posted by: M. Murcek ||
10/26/2021 6:40 Comments ||
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#4
I think Mike at Cold Fury came up with one of the best "the morals of a stoat."
Posted by: M. Murcek ||
10/26/2021 6:42 Comments ||
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#2
"All-Star Portfolios," eh?
Like what? The COVID portfolio? The Afghan dossier?
Would you believe... Tranny rights?
Or maybe posturing about the nonexistent Green New Deal?
Perhaps parading the heads of "domestic terrorists" on pikes?
[JUSTTHENEWS] By John Solomon
Georgia’s top election official on Thursday leveled a blistering attack on his longtime nemesis, arguing liberal voter activist Stacey Abrams has no business interjecting bogus “stolen election” claims into Virginia’s closely contested gubernatorial race to try to help Democrats win.
“With Virginia gubernatorial candidate Terry McAuliffe giving Stacey Abrams a platform to spread stolen election conspiracy theories, I felt it important to speak up,” Secretary of State Brad Raffensperger wrote in an Op-Ed in Real Clear Politics designed to remind voters Abrams leveled unproven claims her bid for Georgia governor was stolen in 2018 long before Donald Trump made similar claims in 2020.
Abrams lost her 2018 race to Republican Gov. Brian Kemp by 55,000 votes but has never conceded and has taken her stories to Virginia in recent days to whip up Democrat votes.
Raffensperger, who famously resisted Trump’s efforts to overturn last November’s election, said Abrams was first to erode Georgians’ confidence in their election systems and then used her claims as a fundraising tool.
“Virginia deserves better,” he wrote. “By inviting Stacey Abrams, who has yet to concede her 2018 gubernatorial election race, to campaign for him, McAuliffe is demonstrating that he cannot be trusted to defend Virginia’s elections, a concerning development that should worry every voter in that state.
“Since November 2018, Abrams has alleged repeatedly that her election was ‘stolen.’ She filed a lawsuit against Georgia’s elections officials that continues to this day, though a federal judge appointed by President Obama has thrown out the most headline-generating allegations,” he continued. “She has raised millions of dollars off of her stolen election claims and has since built a national profile based on lies about the integrity of Georgia’s elections. She has referred to Republicans as domestic enemies.”
Raffensperger also poked McAuliffe, noting his earlier embrace of stolen election claims as far back as 2000.
“McAuliffe is no stranger to stolen election claims either. He famously insists the 2000 and 2004 presidential elections were stolen. In 2019, McAuliffe spread conspiracy theories about voting machines being hacked by the Russians during the 2020 election,” he wrote.
Raffensperger has battled with Abrams for years in the courts of public opinion and law but his OpEd Thursday escalated the feud.
Posted by: Fred ||
10/26/2021 00:00 ||
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#1
Childish schoolyard name calling. Dueling without the scent of cordite, senseless.
The people of Georgia would be far better served if the feckless Raffensperger would confine his limited energy and efforts to voting matters here in Georgia. He's providing her media coverage she would get nowhere else.
[BREITBART] A front man for the White House claims that the administration is "unfamiliar" with the popular "F*ck Joe The Big Guy Biden ...46th president of the U.S. I'm not working for you. Don't be such a horse's ass. Don't say he didn't warn us... " or "Let’s Go Brandon" chants that have filled the halls of so many events in the past few months.
The two chants have been spreading like wildfire since the start of the college football season and an early October NASCAR race respectively.
Mike the Tiger of LSU Tigers is carried by fans during the second half against the Florida Gators at Tiger Stadium on October 16, 2021 in Baton...
But the White House is feigning ignorance of the persistent attack on their boss.
According to the Washington Post: "Administration officials sought to downplay the phenomenon, and at least one claimed to be unfamiliar with the ’Let’s go Brandon’ chant or its cruder cousin, though they are now chanted everywhere from football stadiums to concert arenas to local bars."
Andrew Bates told the paper that he had "never heard of that chant" until the Post’s news hound "explained it" to him.
President Joe Biden delivers remarks during the 10th-anniversary celebration of the Martin Luther King, Jr. Memorial near the Tidal Basin on the...
Still, even as the White House is acting like no one there ever heard of the phenomenon, Joe Biden himself has mentioned it all at least once. The Post reminded readers that Biden made an oblique reference to signs reading "F*ck Joe Biden" that lined the road as he traveled in a presidential motorcade in Pennsylvania last week.
During a speech in Scranton, Biden again claimed that he is one of the most popular presidents in modern history, "Notwithstanding some of the signs I saw coming in."
Naturally, the Post blamed it all on Donald Trump ...The man who was so stupid he beat fourteen professional politicians, a former tech CEO, and a brain surgeon for the Republican nomination in 2016, then beat The Smartest Woman in the World in the general election... for his "norm-breaking and vulgarity of the Trump era." However, some people are alive only because it's illegal to kill them... the paper was alarmed that the chants are "far more vulgar and widespread."
The paper also tried to wave off the chants as examples of a mere "target of vilification" being used to unite Republican opponents of Biden. However, some people are alive only because it's illegal to kill them... the paper neglected to point out that the chants are not only occurring in deep red, Republican districts, but is being seen universally across the nation, even in places as blue as Scranton, Pennsylvania, and Boston, Massachusetts.
Indeed, the chant was heard just today during a a march of New York City municipal workers who are tired of the coronavirus (aka COVID19 or Chinese Plague) ...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men... mandates.
Posted by: Fred ||
10/26/2021 00:00 ||
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#1
Anybody surprised by that denial? Anybody? Bueler? Brandon?
Posted by: Bobby ||
10/26/2021 0:29 Comments ||
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#2
OK!
so they just as much admitted being TOTALLY out of touch with the real world around them.
[BIZPACREVIEW] Democratic Rep. Alexandria Sandy Ocasio-Cortez Dem Congressgirl from da Bronx in Noo Yawk and leader of the Mean Girl Caucus in Congress. One of the Great Minds of the 21st Century, she is known as much for her innaleck as for her dance moves. She is all in favor of socialism, even though she's fuzzy on the details. She was the inventor of the Green New Deal, though she doesn't talk about it much anymore... might wish there was an edit button on Twitter, as she was mocked hilariously after she posted a single message on the Rolling Stone hit piece about January 6.In case you missed it, Rolling Stone published an article claiming that White House staffers and GOP members of Congress promised pardons to Jan. 6 organizers. AOC couldn’t wait to get her hands on Twitter to chirp about it, but it didn’t go all that well once people saw her message and noted one key detail.
The Democrat politician quote-tweeted someone and added the following statement: "Any member of Congress who helped plot a terrorist attack on our nation’s capitol must be expelled. This was a terror attack. 138 injured, almost 10 dead. Those responsible remain a danger to our democracy, our country, and human life in the vicinity of our Capitol and beyond." Nine is almost ten. So's eight, but not so close. I dunno about seven though.
Posted by: Fred ||
10/26/2021 00:00 ||
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#1
What Miz Occasional-Cortex Has illustrated is "Valley Girls" aren't just from California anymore.
Posted by: ed in texas ||
10/26/2021 11:51 Comments ||
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#2
^ except now they're no longer stupid but pretty. Now they're retarded + equine bovine or hircine butt-ugly
U.S. Rep. Ilhan Omar told constituents at a town hall Saturday that Minneapolis' rise in gun violence and carjackings can be blamed on police who "have chosen to not fulfill their oath of office and provide the public safety they owe to the citizens." https://t.co/xrrSrHfNYu
Posted by: Fred ||
10/26/2021 00:00 ||
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#1
Well, yeah. If the po po arrested the bangahs and carjackas, the problem would at least abate. Can't have that...
Posted by: M. Murcek ||
10/26/2021 7:19 Comments ||
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#2
Same narrative being pushed here in Seattle by the City Clowncil regarding increased criminal activity; they went further and placed the blame directly on the Chief.
Posted by: Frank G ||
10/26/2021 10:21 Comments ||
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#5
It was a trope in old movies for the beat cop outside the bank to run up to a motorist and yell "Follow that car!" Does that count as carjacking for Omar?
Posted by: james ||
10/26/2021 11:23 Comments ||
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#Facebook will fuel more violent unrest around the world because of the way its algorithms are designed to promote divisive content, whistleblower Frances Haugen tells the British parliament.https://t.co/ua00flFg5r
Posted by: Fred ||
10/26/2021 00:00 ||
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#1
This is the argument to institute censorship. What she is saying is the 1st amendment should not apply here for the betterment of the masses, as they are too stupid to not get angry and shoot people..
Posted by: 49 Pan ||
10/26/2021 11:08 Comments ||
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#2
Fakebook's internal "activists" and "whistleblowers" are upset that it doesn't do even MORE censorship of UnWoke Deplorable wrongthink. Per documents leaked to the WSJ,
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
A young, energetic, well educated entrepreneur and philanthropist who understands math. He must be evil. 
If you served here or visited from 1836 to the present day, you were, or likely are an extremist. 
Maternal genetic contamination. She is certain of it, has fotos. 
...American epidemiologist with rotating opinions, warnings about the unlikely, and reassurances that if you wear a mask you won't get COVID, as long as you're wearing multiple masks, assuming wearing a mask is necessary in the first place...
/\ Lab monkeys, snakes, beagles, finally NYC nursing home residents and the general public. 
...46th president of the U.S. 
Dem Congressgirl from da Bronx in Noo Yawk and leader of the Mean Girl Caucus in Congress. One of the Great Minds of the 21st Century, she is known as much for her innaleck as for her dance moves. She is all in favor of socialism, even though she's fuzzy on the details. She was the inventor of the 
