AVOID TAXES

“I just think that it's gonna kill the demand for second homes. If you were a person who is thinking about buying a Piazza in New York, there's no way you would do it now. Because you don't know what the tax rate's gonna be, and it's gonna keep going up, and that has to be a bad thing for the city.”

“Austin has, like, roughly doubled as a city over the past decade, and yet the rent for, you know, whatever, a one or two bedroom apartment's gone down. In other words, if you let people build to satisfy the demand, you won't have this problem.”

“They essentially crippled what's called non dom status, which is the big tax arb if you moving or parking assets in London. And what did all the rich people do? They just redirected themselves to Zurich, to Lugano, to Milan, and they took advantage of more hospitable tax policy in other places.”

“The thing is they're already paying taxes on the property, and because they're not there very often, they're not using city services. So they're paying taxes on the property, they're not using city services, and they are essentially profitable to the city. The second place thing goes away and that money goes elsewhere.”

“It's a dog whistle to say that's the next UnitedHealthcare CEO. And in the week that a fire a a Molotov cocktail and a bullet gets shot into Sam Altman's house, it's deadly serious. Just before you point at people's homes and say this is the villain, be careful because nobody deserves to have their house fire bombed or shot at, period.”

“I just think that it's gonna kill the demand for second homes. If you were a person who is thinking about buying a Piazza in New York, there's no way you would do it now. Because you don't know what the tax rate's gonna be, and it's gonna keep going up, and that has to be a bad thing for the city.”

“Austin has, like, roughly doubled as a city over the past decade, and yet the rent for, you know, whatever, a one or two bedroom apartment's gone down. In other words, if you let people build to satisfy the demand, you won't have this problem.”

“They essentially crippled what's called non dom status, which is the big tax arb if you moving or parking assets in London. And what did all the rich people do? They just redirected themselves to Zurich, to Lugano, to Milan, and they took advantage of more hospitable tax policy in other places.”

“The thing is they're already paying taxes on the property, and because they're not there very often, they're not using city services. So they're paying taxes on the property, they're not using city services, and they are essentially profitable to the city. The second place thing goes away and that money goes elsewhere.”

“It's a dog whistle to say that's the next UnitedHealthcare CEO. And in the week that a fire a a Molotov cocktail and a bullet gets shot into Sam Altman's house, it's deadly serious. Just before you point at people's homes and say this is the villain, be careful because nobody deserves to have their house fire bombed or shot at, period.”

“With Bitcoin down 50% from all time high, a lot of holders are exploring ways to put their crypto to work. One option worth knowing about, crypto lending platforms. Now this chart right here perfectly illustrates my point. What you're looking at here is crypto lending.”

“What you're looking at here is crypto lending. You deposit your crypto, and for eligible assets, interest can accrue on your balance. And what I noticed on this chart is a major shift recently. If you see, there are several quarters in a row we've just seen uninterrupted growth.”

“Tether, Nexo, and Galaxy are the top three lenders Galaxy Research tracks by outstanding loan values. As of September 30, Tether, 14,600,000,000 in open loans, Nexo, 2,040,000,000. Now Nexo is interesting because they've been around since 2018.”

“Now flexible daily compound interest with no lockups. So you generate the compound interest, like I said, with daily payouts after twenty four hours, retain complete access to your USDT, and experience the compounding effect as each payout fuels the next.”

“And it unlocks tax efficient borrowing. And one reason borrowers may prefer this approach, borrowing against your crypto may provide liquidity without creating a tax event by selling your collateral. Note, this is not tax advice. Consult a tax professional for your specific situation.”