thethirdgracchi [he/him, they/them]

ἐγὼ τὸ μὲν δὴ πανταχοῦ θρυλούμενον κράτιστον εἶναι φημὶ μὴ φῦναι βροτῷ·

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Joined 5 years ago
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Cake day: July 26th, 2020

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  • Not sure where to post this so it goes here as it’s in a newspaper. Just an absolutely insane article I read in the Financial Times today, if you ever need a reminder that the ultrarich are ghouls.

    Some of the richest Americans are confronted with a thorny question this time of year: is spending the festive season with family worth paying millions more in taxes? For millionaires and billionaires that declare permanent residency in low-tax jurisdictions but spend much of the year elsewhere, their location in December’s final days can be a determining factor for the size of their tax bill. And with the full-on return of in-person work meetings and events since the Covid-19 pandemic, the wealthy have increasingly turned to a stable of tools, including the apps TaxBird and Monaeo, to help them make sure they spend less than six months and a day in high-tax jurisdictions such as New York.

    What the fuck is the point of having unfathomable wealth if you can’t even spend the holidays with your family? Like what the fuck are you doing? Why do you need an app to track whether you spend 183 days in Manhattan per year??

    But being prudent comes with choices. One friend recently told Jim Simon, who co-founded TaxBird in 2016, that his “damn app” kept him from visiting family this year.

    “I would’ve liked to have taken the grandkids to the tree a few years ago,” said Klein, referring to the famous Christmas tree at Rockefeller Center that is illuminated with lights every December. “But I couldn’t.”

    This devotion to keeping down taxes can lead to extremes. Klein said some of his clients fly into New Jersey and wait on one side of the George Washington Bridge, which connects to New York, until just after midnight to avoid triggering another day in the state.

    Imagine the sad life you must live where tax obligations of like 5% on income of over $30 million “keep you” from hanging out with your grandkids. Imagine just fucking around in New Jersey until midnight all to save like a million dollars in taxes when your net worth is in the tens or hundreds of millions. Insanity. Being rich rots your brain so much that the rich aren’t even good at being rich.

    Per https://archive.is/atV7O











  • I am kidding, Putin is not some cryptocommunist and even if he was this would be an absolutely terrible idea, and even if it worked they’d sanitise Lenin like MLK in the Great Satan. Lenin in fact writes about this exact phenomenon:

    What is now happening to Marx’s theory has, in the course of history, happened repeatedly to the theories of revolutionary thinkers and leaders of oppressed classes fighting for emancipation. During the lifetime of great revolutionaries, the oppressing classes constantly hounded them, received their theories with the most savage malice, the most furious hatred and the most unscrupulous campaigns of lies and slander. After their death, attempts are made to convert them into harmless icons, to canonize them, so to say, and to hallow their names to a certain extent for the “consolation” of the oppressed classes and with the object of duping the latter, while at the same time robbing the revolutionary theory of its substance, blunting its revolutionary edge and vulgarizing it.

    Per https://www.marxists.org/archive/lenin/works/1917/staterev/ch01.htm





  • Looks like the data centre grift is beginning to wobble.

    Shares in data centre property group Fermi nearly halve after tenant pulls funding. Stock price of company co-founded by ex-US energy secretary Rick Perry fell as much as 46%. The plunge in Fermi’s share price left the stock down 70 per cent from its October post-listing high. Shares had surged 55 per cent on the company’s market debut.

    The company has close ties with Donald Trump’s administration, as Perry, a Republican and former Texas governor, served as energy secretary during the president’s first term in office. Fermi had provisionally named its energy centre the President Donald J Trump Advanced Energy and Intelligence Campus. All nine Wall Street banks that cover the stock have assigned Fermi a “buy” rating. But investors have been upping their bets against the company ever since it went public. Roughly 38 per cent of Fermi’s publicly available shares are currently on loan to short sellers, according to Bloomberg data.

    https://archive.is/7BiHF