Love him or hate him, this is freaking incredible.
From concept to reality.
@SpaceX has successfully deployed Starlink V3 satellites into Earth’s orbit and made contact with them for the first time.
At scale, one Starship carries 60 V3 satellites, the same network capacity as about 20 Falcon 9 launches.
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Translation: Democracy is under attack if people don't want Democrats in power or want fair and transparent elections.
California, it’s primary day!
Democracy is under attack across the country but in California, we’re protecting free and fair elections.
Get out there and exercise your freedom — and right — to vote. Drop off your ballot at any ballot box or vote in person today.
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Dad retweeted
At Yale Medical School, a black applicant is 29 times more likely to be invited to interview than an Asian with equally strong academics.
Today, @CivilRights told Yale that its use of race in admissions is ILLEGAL—and that @TheJusticeDept will step in to enforce Title VI.
justice.gov/opa/pr/justice-d…
If this passes. Business owners and millionaires need to leave CA. I will be.
CA WEALTH TAX MAN: Hey you. Congrats, you built a company. Tax season is going to be fun.
ME: Awesome. I already paid income tax on my salary.
CA WEALTH TAX MAN: Cute. This is a wealth tax.
ME: Wealth as in cash?
CA WEALTH TAX MAN: Wealth as in vibes.
ME: What does that mean?
CA WEALTH TAX MAN: It means your net worth is mostly your company stock.
ME: Right. I do not have liquidity. It is a private company.
CA WEALTH TAX MAN: Perfect. We love taxing things you cannot sell.
ME: So what do I owe?
CA WEALTH TAX MAN: One time, 5% of your worldwide net worth if you are over $1 billion.
ME: That is $50 million dollars.
ME: I do not have $50 million dollars.
CA WEALTH TAX MAN: That is a you problem.
ME: So I sell some stock?
CA WEALTH TAX MAN: If you can. If you cannot, you can borrow.
ME: Borrow against private stock? In this market?
CA WEALTH TAX MAN: Exactly.
ME: What if the company has transfer restrictions?
CA WEALTH TAX MAN: Then you can sell your house.
ME: I thought they said this was only for billionaires.
CA WEALTH TAX MAN: You can be a billionaire on paper and broke in real life. We call that progress.
ME: How do you even value a private company?
CA WEALTH TAX MAN: You estimate.
ME: Based on what?
CA WEALTH TAX MAN: Comparable public comps, last funding round, secondary whispers, super voting shares and whatever makes the number bigger.
ME: What if I estimate wrong?
CA WEALTH TAX MAN: Penalty.
ME: Do you tell me the right number?
CA WEALTH TAX MAN: No.
ME: Who audits it?
CA WEALTH TAX MAN: People who have never built anything and barely know how to use a calculator.
ME: When do I pay?
CA WEALTH TAX MAN: You pay starting next year. Or you can spread it over five years and pay extra for the privilege.
ME: So it is a "one time" tax but it comes with a payment plan and interest.
CA WEALTH TAX MAN: Now you are learning.
ME: What if my net worth drops after you tax me?
CA WEALTH TAX MAN: Hilarious.
ME: What if my company goes down 70%?
CA WEALTH TAX MAN: Still hilarious.
ME: What if I move?
CA WEALTH TAX MAN: We have residency rules for that. Good luck proving you left at the right time.
ME: This seems designed to force liquidation and force founders to leave..
CA WEALTH TAX MAN: We prefer the term “unlocking revenue.”
ME: So this is only for 200 people, right?
CA WEALTH TAX MAN: For now.
ME: For now?
CA WEALTH TAX MAN: This is how it always works.
CA WEALTH TAX MAN: First it is billionaires.
CA WEALTH TAX MAN: Then it is “centimillionaires.”
CA WEALTH TAX MAN: Then it is “anyone with a paid off house.”
CA WEALTH TAX MAN: Then it is “retirement accounts are a form of wealth.”
CA WEALTH TAX MAN: Then it is “emergency surcharge, just this once.”
ME: You cannot just keep expanding it.
CA WEALTH TAX MAN: Watch us.
ME: What is the moral justification here?
CA WEALTH TAX MAN: You succeeded while living here.
ME: I also already paid massive taxes while living here.
CA WEALTH TAX MAN: That was income. This is existence.
ME: So the crime is staying.
CA WEALTH TAX MAN: Correct.
ME: This is not a tax policy. This is a founder eviction notice.
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Dad retweeted
While Americans are hoping to retire on Social Security, this is what Government set themselves up with
- A California lifeguard retired with $365,000 per year for life
- A California prison doctor retired with $1.2 million per year for life
- A California fire chief retired with $378,000 per year for life
“You're paying for all of it. California's pension system is $1 trillion short. That's trillion with a T.
When CalPERS comes up short, your taxes go up. Your property taxes, your sales taxes, Year fees.
- They retired at 55 with $200,000 a year
1 You're working until 70 hoping Social Security still exists
You're paying for their retirement. They're not paying for yours, and right now the unions are demanding more. $1 trillion gone”
I appreciate that Elon has the balls to say what he thinks and is helping change the world. As an investor in Tesla, I am putting my money where my mouth is, even though it has been a painful and emotional ride. Sadly, the path of the government is too big for one man to help and the US is on a unstoppable course towards financial ruin. We have to try out grow the deficit at this point. Thanks for trying @elonmusk
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These people are retarded and the people who listen and vote for them are even more so.
Chuck Schumer was going off about President Trump’s approval rating—until a reporter called him out.
“There's a poll out today that has your approval rating lower than any other Congressional leader at 17%.”
SCHUMER: “Polls come and go.”
🤣🤣
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It's lies like these that will keep bad politicians out of office. No one is trying to eliminate social security for Americans. They are trying to save it.
Your Republican congressman needs to stand in front of you and defend why they’re letting Elon Musk gut Social Security and the Department of Education.
That’s the job.
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