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Cake day: June 15th, 2023

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  • The equity structure for these tokens will be that 20% of the project’s tokens are allotted to the founding team, which includes the Trumps, 17% of tokens are set aside for user rewards, and the remaining 63% of the coins will be made available for the public to purchase, said founder Zak Folkman.

    I don’t think there’s any guarantee at all that all 63% of the coins “allocated to the public” will be released at first. They will probably release a fraction of that, and the constrained supply will not be enough to meet the demand from the Saudi and Russian governments looking to funnel money to Trump.

    So the price will zoom up, and then they will decide whether to sell their own stash or more of the public stash into that surge. The end game is to harvest as much cash as they can from these foreign actors. And if any loyal Trumpists happen to lose their piddly life savings in the meantime, that’s a chance Trump is willing to take.






  • The guy only threatened to use the knife after they stopped him for turnstile jumping.

    I should say that there are transit cops that check tickets in L.A. If you don’t have one, all they do is escort you out of the station. And this is the LAPD we’re talking about.

    The first step to “escorting you out of the station” is stopping you, is it not?

    My whole point is that the cops didn’t get belligerent until he pulled the knife. It also sounds like he might have boarded a train with the knife out, too. (It was the L train, though, I’m sure the riders have seen worse.)

    They didn’t start shooting because he jumped the turnstile. I bet if he didn’t have a knife they would have just wrote him a ticket and made him leave.

    You dont think your LA cops would have treated their fare evader a bit differently if he pulled a knife?


  • It sounds like the guy had a knife and threatened to use it. It also sounds like the cops tried to taze the guy first, but it didn’t work.

    We can argue whether the cops really needed to shoot the guy. But they weren’t shooting at a fare evader, they were shooting at a guy with a knife who also happened to jump the turnstile.

    I’d argue that the real problem is that the cops didn’t know how to de-escalate the situation without shooting. It’s like the tazer was their only “non-lethal” option, and when that didn’t work, they panicked. (I could also believe that they were simply incompetent, and couldn’t work the tazer properly.)



  • And I don’t think we can assume that the lower bound to Trump’s support is just the hard-core MAGAts.

    There are also the die-hard Republicans who treat their political affiliation like a sports team. They will reflexively vote R no matter what, even if they don’t approve of Trump’s behavior.

    Then, paradoxically, there are also the low-information voters who actively avoid politics. In prior years, these tended to lean Democratic, but this year is a bit different. We are finding that many of these people are in much worse shape vs 4 years ago financially, and since they never paid attention to political stuff to begin with all they know is Biden was President for all of that. We know the economy is in decent shape, and we avoided a post-pandemic recession. But the benefits are extremely uneven, and there is a large base of people who are still screwed (and doubly so if they ever want to buy a house).





  • Think of someone who makes small crafts and sells them on some online platform. Someone who does this as a business will keep track of their materials costs, and subtract them from their sales cost, only paying taxes on their actual profit.

    But the IRS will only let you do this if they determine your intent is to make a profit. If they think you are purposely just selling enough to cover your materials, but using most of the materials for yourself, they can tell you that you never had an actual business in the first place, and that all that deducting of expenses never should have happened.


  • Because too many people treat politics like a sporting event. You root for your team no matter what, and against the other team. You have to do it this way, because if the other side wins that means your side loses.

    So there are too many people who view Trump as “Their Guy”, and are “rooting” for him. Anything they hear that might portray Trump in a negative light (like a criminal trial, for instance) must be the Other Side trying to cheat to win unfairly.

    I remind people that Roger Ailes was Nixon’s media consultant, and the lesson he learned from Watergate was that Nixon could have gotten away with it if the media was more sympathetic. He then went on to be the CEO of Fox News. That’s no accident. There is a direct line from Nixon to Trump, and Roger Ailes drew it.