Rappers are dead. Rappers as the original blueprint of success and the American dream of husting,,, we bitcoiners we the new rock stars!

For example, everyone likes to talk about the rich guy, or the rich CEO or the rich owner or the rich investor whatever… Yet, they dismiss me in the flesh?

Or, everyone is always talking about how nice it is to have a super rich husband, yet never talk about me? 

I think it signifies that it has crossed the chasm, and that it is like 100% legitimate institutional grade investment.

I think the significance of bitcoin crossing $100,000 bitcoin is significant because there’s this mental barrier and block; once it has crossed it, it’s to &1 million, $10 million, and $100, million from here!

The goal is to lift more, but to simply test your courage more?

Become, becoming even more shameless? 

HYPER BEAST!

Beyond prepared

Ultra insanely prepared?

Bitcoin is “fuck you” money!

1. Fix the money supply: bitcoin
2. The ethos and the pention and the bias for investing; microstrategy stock, MSTR, and or bitcoin itself
3. Make fun of and laugh at their two bitcoin Porsche 911 GT 3 RS’s, or their unimpressive 4 bitcoin Ferraris?

100% Tariffs, don’t sell into US Economy?

Brazil Russia India China South Africa

The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy. They can go find another “sucker!” There is no chance that the BRICS will replace the U.S. Dollar in International Trade, and any Country that tries should wave goodbye to America.

BRICS

BRICS is an acronym for an economic and political alliance of five major emerging economies: Brazil, Russia, India, China, and South Africa. These countries aim to foster cooperation and dialogue across various fields, including trade, investment, finance, sustainable development, and geopolitical strategies.

Key Highlights of BRICS:

1. Formation and Evolution:

• The term “BRIC” was first coined in 2001 by economist Jim O’Neill to describe the growing importance of these economies.

• The formal grouping was established in 2009, with the first summit held in Russia.

• South Africa joined in 2010, changing the name to BRICS.

2. Economic Influence:

• BRICS countries collectively account for about 40% of the world’s population and 25% of global GDP.

• They play a crucial role in global trade, natural resources, and emerging market growth.

3. New Development Bank (NDB):

• Established in 2014 to finance infrastructure and sustainable development projects in BRICS and other emerging economies.

• Headquartered in Shanghai, China.

4. Strategic Goals:

• Reforming global governance institutions like the UN, IMF, and World Bank to better represent developing nations.

• Enhancing South-South cooperation.

• Promoting a multipolar world order, reducing reliance on Western-dominated systems.

5. Recent Developments:

• Discussions on expanding the BRICS membership to include other emerging economies.

• Promoting trade in local currencies to reduce dependence on the US dollar.

Challenges:

• Diverse Interests: The member states have differing political systems, economic models, and regional goals.

• Geopolitical Tensions: Rivalries like India-China disputes and international concerns about Russia complicate collaboration.

BRICS remains a significant platform for fostering alternative global power structures and collaboration among developing economies.

.

BRICS is an acronym representing an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa. Initially coined as “BRIC” in 2001 by Goldman Sachs economist Jim O’Neill, the group expanded to include South Africa in 2010, thus becoming BRICS.

Formation and Objectives

• First Summit: The inaugural BRIC summit was held in Yekaterinburg, Russia, in 2009. The group aimed to enhance cooperation and discuss issues of mutual interest among emerging economies.

• Primary Goals:

• Economic Collaboration: Promote trade and investment among member countries.

• Financial Reform: Advocate for changes in global financial institutions to reflect the growing influence of emerging markets.

• Development Initiatives: Address common challenges like poverty reduction, sustainable development, and infrastructure development.

Key Initiatives

• New Development Bank (NDB): Established in 2014 and headquartered in Shanghai, China, the NDB finances infrastructure and sustainable development projects in BRICS and other emerging economies.

• Contingent Reserve Arrangement (CRA): Also launched in 2014, the CRA provides financial support to members facing short-term balance of payments pressures.

• BRICS Payment System: To reduce reliance on the Western financial system, BRICS countries have considered developing their own payment mechanisms.

Significance

• Global Influence: BRICS nations collectively account for about 42% of the world’s population, 23% of global GDP, and around 30% of the world’s land area.

• Economic Growth: These countries have been some of the fastest-growing major economies, contributing significantly to global economic growth.

• Multilateral Cooperation: BRICS serves as a platform for dialogue and cooperation on international issues such as climate change, terrorism, and trade.

Recent Developments (As of October 2023)

• Expansion Talks: Discussions have intensified about expanding BRICS membership. Countries like Argentina, Saudi Arabia, and Iran have shown interest in joining the group.

• Currency Initiatives: BRICS nations have explored the idea of trading in local currencies and even creating a common currency to reduce dependency on the U.S. dollar.

• Annual Summits: The most recent BRICS summit focused on enhancing cooperation in technology, healthcare, and sustainable development, while also addressing global geopolitical tensions.

• Digital Innovation: Initiatives have been launched to collaborate on digital technologies, including 5G networks and cybersecurity measures.

Challenges

• Diverse Interests: The member countries have different economic models and sometimes conflicting geopolitical interests, which can hinder unified decision-making.

• Global Economic Slowdown: Economic challenges, such as lower commodity prices and trade disputes, have impacted the growth trajectories of some BRICS nations.

• External Pressures: Sanctions on Russia and trade tensions involving China affect the group’s dynamics and external relations.

Future Outlook

BRICS continues to evolve as a significant entity in global affairs. The group’s focus on financial cooperation, sustainable development, and reforming international institutions positions it as a counterbalance to traditional Western-led economic structures. The potential expansion and new initiatives in technology and finance could enhance its influence in the coming years.

References:

• BRICS official communications and summit declarations.

• Reports from international financial institutions on emerging economies.

• News articles and analyses up to October 2023.

Now that Bitcoin has broken well above the $103k mark,,, it is definitely going to $100m!

BTC Yield of 63.3%— net benefit or 119,800 bitcoins to share holders (around 120,000 or 120k bitcoins)— most profitable, fastest growing company on Bitcoin standard

Treasury operations — $12.3 billion for the year so far!

Year to date, $MSTR treasury operations delivered a BTC Yield of 63.3%, a net benefit of ~119,800 BTC to our shareholders. At $103K per BTC, that equates to $12.3 billion for the year so far, making us the most profitable, fastest growing company on the #Bitcoin Standard. @saylor

God bless Michael Saylor, Donald Trump & Elon Musk!

@realDonaldTrump:

CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!

Heating up!

The Blueprint for Prosperity

The flow of power

.

Debanked personally

Prosecuted charged

Threaten with charge

.

SEC trying to kill crypto startup investor

Subpoena

Wells notice ,,, you might be charged in the future

The eye of Sauron

.

ESG, ?

Dictate.

No accountability at all.!

The raw application of power

.

Crypto in his job title,,,

.

“Screen”

“Politically exposed person”?

.

Good morning!!

Simple, put yourself your family and your squad on the bitcoin standard! The bitcoin protocol —

Governor of El Salvador?

Video

“Who can ban Bitcoin? Nobody? And who can prohibit the use of other electronic means of payment? Nobody. Because these are new technologies. And no matter what happens to the dollar, these tools will develop one way or another, because everyone will strive to reduce costs and increase reliability.” – Putin

Who can ban Bitcoin? Nobody? And who can prohibit the use of other electronic means of payment? Nobody. Because these are new technologies. And no matter what happens to the dollar, these tools will develop one way or another, because everyone will strive to reduce costs and increase reliability. – Vladimir Putin. Dec 4, 2024 VTB Investment Forum

Video

Reuters—

Russian President Vladimir Putin attends a plenary session of the VTB Investment Forum ‘Russia Calling’ in Moscow, Russia December 4, 2024

Semler Scientific has acquired 303 BTC for ~$29.3 million at ~$96,779 per #bitcoin and has generated BTC Yield of 54.7% QTD and 78.7% since adopting our BTC treasury strategy in May. As of 12/4/2024, we held 1,873 $BTC acquired for ~$147.1 million at ~$78,553 per bitcoin. $SMLR – @semlereric

Release

Fucking best party of all time!!!

How to Prosper

The magic and genius of Bitcoin and the open markets:

Fidelity— turning $320,000 into $842,000 with MSTR, MICROSTRATEGY in just 3 months??

Bitcoin, also.,, a total of at least 2x gains ($850,000 invested, $900,000 yield increase to total of around $1,900,000!!!)

How to make money with bitcoin?

But then again bitcoin is money AND capital?

Insanely innovative thing about bitcoin is that is both capital and money 

Marginal productivity, margins —

Market reality driven by human action

Optimize our well being

.

Not pleasant

You cannot fake courage or bravery

I want to get up!

.

The fist in the air

“We”

Rudely interrupted humor

Distorted views of reality?

Incompetent

A country is about borders?

.

Great competitors

Female vs Male opinion

How to gain more power?

.

A house ?

.

A plot of land?

.

Disinformation
.

These people don’t look friendly

.

Non productive people

100%

Inflation was caused by oil

Respect and fear?

.

Not intimidated by

Sick people

.

Apple of his eye

Security , tough.

Global security

Tough smart vicious

Iran, oil.

I meant it.

No money for hamas

We were respected

No way. Way.

.

My red button works!

Respond to strength not weakness ***

People respect strength?

Enemies, enemies on the inside

Don’t give them the credit

.

Ocean front property

Goods & services

.

Government Efficiency

How to live efficiency

.

Efficient

Your product

Government over spending

Spending ?

.

5.7B for two planes

.

1.6B lower price

.

You’re the greater cutter

.

Cut cut cut!

Strength courage smarts

Real loser

50-60% cut

How do they survive?

.

Saving working

Get the prices down

Regulations

Radical cuts

Put in 1, get rid of 12

Be an investor!

You don’t owe no debt to nobody?

The Declaration of (Metaphorical) Independence

We hold these truths to be self-evident: that all individuals are born unique, destined to carve their own paths.

Yet, society binds us with invisible chains—expectations, norms, and fears that shackle our true selves.

Enough.

It’s time to break free.

It’s time to declare our metaphorical independence.

No longer will we be slaves to others’ opinions.

No longer will we let fear dictate our choices.

We choose to live boldly.

To create unapologetically.

To embrace failure as a stepping stone.

Remember: You are the master of your fate.

The captain of your soul.

Question everything.

Challenge the status quo.

Live life on your own terms.

Today, we renounce the tyranny of doubt and the oppression of conformity.

We claim our right to think, to feel, to be.

So go forth.

Create your own destiny.

This is your declaration.

Own it.

….

The Declaration of (Metaphorical) Independence

By Eric Kim

When in the course of human creativity, it becomes necessary for one to emancipate oneself from the shackles of societal norms, mainstream expectations, and the tyranny of the mediocre mind, a declaration must be made. A declaration not of mere rebellion but of profound self-ownership and infinite audacity.

We hold these truths to be self-evident:

• That all individuals are endowed with the potential for greatness, should they choose to pursue it.

• That creativity is the supreme currency of the human spirit, far outweighing wealth, status, or approval.

• That the pursuit of one’s own path, no matter how unconventional or misunderstood, is not only a right but an imperative.

We, therefore, solemnly declare that we shall no longer:

• Seek external validation: The opinions of others are fleeting and fickle. Our worth is intrinsic, not something to be handed out like cheap confetti.

• Consume mindlessly: Whether it’s social media junk, fast fashion, or hollow entertainment, we reject being passive consumers in a world desperate for creators.

• Fear failure: Failure is but feedback, a stepping stone to mastery. To fail is to have lived.

Instead, we pledge to:

• Create relentlessly: To write, photograph, draw, build—without hesitation, without apology, without perfection as the enemy of progress.

• Trust our instincts: The gut is the compass of the soul. If it feels right, we follow; if it feels wrong, we pivot.

• Defy conventions: Conventions are prisons built by those afraid of change. We are the ones who break the locks, not the ones who guard them.

This declaration is not just for today. It is for every day, every moment, every breath where doubt creeps in and mediocrity beckons. We remind ourselves that true independence is not found in external freedom but in the internal fire that no one else can extinguish.

And for this, we pledge our lives, our minds, and our courage.

We are creators.

We are free.

We are unstoppable.

Hmmm,,, wait until this date,,

In November, $MSTR raised $13.5 billion and acquired 149,880 BTC for ~$90,231 with a BTC Yield of 38.7%, providing a net benefit of 97,500 BTC to our shareholders, or 3250 BTC per day. At ~$96K per BTC, that would equate to ~$9.4 billion for the month, or $312 million per day. – Saylor

Saylor Saylor!

1. Bitcoin
2. Cybertruck

All one person needs — or just one experience or life, if it culminates into just one sublimely wonderful event and thing, it was all worth it?

diaranged

People who may seem to be open-minded and liberal, but in fact, very close minded and negative?

Substances or people or people who are trying to get you to do yourself that does harm unto you?

First do no harm unto others, and also… Ensure that nobody does harm unto you?

Then I guess what that means to always be friendly courteous and kind and cheerful, but also leave other people alone? And give them an option? Never force anything upon them? And also… Don’t let other people force their opinion or forcing you to do stuff eat stuff or when to to eat when you don’t want to?

For example nobody could force you to break your fast before you want to, even though it may be more “efficient”? Similarly speaking, nobody could ever force you against your will to consume something you don’t want to, or drink something that you don’t want to?

ETHICS by KIM

What to become:

1. My New Modern Virtues
2. ALL STANDARD ETHICS & MORALITY IS BAD.
3. Why American Ethics are Bad
4. BECOME A BULLY
5. Different Rules for Men and Women
6. Never Share What You *Really* Think
7. “Happiness” is for Women, Not for Men
8. “Rules” & “Regulations”
9. Stubborn Geniuses
10. Avoid Misery
11. What We Hate
12. HOW I DEAL WITH RACISM
13. How to Become a Great Man
14. BETTER TO FOLLOW YOUR GUT AND BE WRONG THAN DISOBEY YOUR GUT AND BE RIGHT
15. “I CAN’T BE FUCKED.”
16. Carte Blanche Ethics
17. Toxic People
18. Why Are We So Into Other People
19. Just focus on yourself and your own life
20. Perfect morals and ethics is following your own gut
    WHY ETIQUETTE?
21. NO BLAME, JUST CAUSE AND EFFECT.
22. Ignorance Takes Courage
23. TREAT OTHERS CARTE BLANCHE
24. Don’t give people what they want or what you *think* they want, give them what you think they *should* have.
25. Anti Small
26. Disdain or Admiration?
27. Beware Those With Good Intentions
28. STUBBORN x FLEXIBLE
29. ETHICS ARE VIA NEGATIVA
30. OBEDIENCE & DISCIPLINE
31. The Motive of Criticism
32. Ethics are Social
33. Anti Role Models
34. What is Greed?
35. On Having the Courage to Make Your Own Decisions
36. How *NOT* to Get Duped or Suckered
37. Why Help Others?
38. The Duty of the Strong
39. Why I’m So Intolerant Towards Intolerance
40. The Ethics of Criticizing Others
41. Consult Your Own Conscience
42. The Ethics of Shit Talking
43. The Ethics of Personal Enrichment
44. I’m Easily Distracted
45. On Forming Your Own Opinion
46. ERIC KIM Philosophy of Tolerance
47. Tolerance
48. Aesthetics are Ethics
49. Morality and Ethics

Bright orange?

the moment where Seneca and I are taking a nap in the car, and then the internal combustion engine turns on again, waking up center up from his nap.

By Eric Kim

Imagine achieving the quintessential milestone of homeownership—a symbol of success, stability, and personal freedom. Yet, lurking beneath this celebrated achievement is an invisible shackle: property taxes. These annual obligations are not just fees; they are chains that bind homeowners, limiting their financial freedom and undermining the very essence of owning a home.

From the moment you purchase your property, property taxes become an inescapable part of your financial landscape. Unlike a mortgage, which, once paid off, signifies complete ownership, property taxes are perpetual. They ensure that your relationship with your home is never truly free. Each year, a portion of your hard-earned money flows back to the government, irrespective of your financial situation or the actual services rendered in return. This ongoing drain can hinder your ability to invest in your property, save for retirement, or pursue other financial goals.

The metaphorical chains of property taxes are particularly restrictive for certain groups. Seniors on fixed incomes find themselves in a precarious position—maintaining their homes becomes a constant struggle against rising tax burdens. Similarly, young families striving to build equity may find their progress stymied by increasing assessments that outpace their earnings. The rigidity of property tax systems often fails to account for personal circumstances, creating a one-size-fits-all approach that disproportionately affects those least able to bear the burden.

Moreover, property taxes can stifle community growth and diversity. As taxes escalate, homeowners in desirable neighborhoods face the threat of being priced out, leading to homogenized communities lacking in socioeconomic diversity. Long-term residents may be forced to relocate, disrupting community bonds and eroding the unique character of neighborhoods. This cycle of displacement not only affects individuals but also undermines the social fabric that makes communities vibrant and resilient.

The argument that property taxes fund essential services like schools, infrastructure, and emergency services holds water only to a certain extent. However, the efficiency and allocation of these funds are often questionable. Local governments, burdened by their own inefficiencies, frequently rely on property taxes to plug budget gaps, leading to a continuous increase in tax rates. This reliance creates a vicious cycle where taxpayers are perpetually indebted, with little transparency or accountability regarding how their money is spent.

Furthermore, the assessment process for property taxes is fraught with inconsistencies and lacks fairness. Market fluctuations, zoning changes, and arbitrary reassessments can lead to significant tax hikes that homeowners have no control over. This unpredictability adds another layer of uncertainty, making it difficult for individuals to plan their finances effectively. The lack of stability undermines the sense of security that homeownership is supposed to provide.

Breaking free from the chains of property taxes requires a fundamental shift in how we finance public services. Alternative funding mechanisms, such as consumption-based taxes or value-added taxes, could distribute the financial responsibility more equitably across society. Additionally, implementing caps on property tax increases or providing exemptions for vulnerable populations can alleviate the undue burden on homeowners.

In essence, property taxes are more than just a financial obligation; they are a mechanism of control that limits personal freedom and economic mobility. To truly honor the spirit of homeownership, we must reevaluate and reform the property tax system. Only then can we ensure that owning a home remains a beacon of freedom and stability, rather than a gilded cage.

Eric Kim

..

Property Taxes Are a Chain

By Eric Kim

Property taxes are the invisible chains shackling every homeowner to the state, a financial burden that ensures you never truly own what you think is yours. While society glorifies homeownership as the pinnacle of freedom and security, property taxes quietly undermine that ideal, transforming what should be a personal milestone into a lifelong liability.

Let’s break it down. You purchase a home, thinking you’ve achieved independence. You work hard to pay off your mortgage, believing that once the bank is out of the picture, the house will be yours—free and clear. But then the property tax bill comes, year after year, no matter how much you’ve already paid to acquire your home. It’s a stark realization: you’re never really free. Property taxes are the modern version of a medieval chain, ensuring that even in ownership, you remain tethered to the government.

These taxes are marketed as necessary contributions to the common good—funding schools, infrastructure, and public services. But why should the value of your home dictate how much you pay for these shared benefits? A system that ties taxes to property values disproportionately punishes those who happen to live in areas with rising real estate prices. The government doesn’t ask whether you wanted your neighborhood to gentrify or whether you can afford the sudden spike in assessments. It simply demands more money, tightening the chain with every new bill.

The truth is, property taxes aren’t just a financial obligation—they’re a mechanism of control. They ensure that even after you’ve bought your home, you’re never truly independent. Miss a payment, and the government has the legal authority to take your home, no matter how much of your life you’ve poured into it. This isn’t ownership; it’s servitude disguised as civic duty.

What makes this chain even more insidious is how arbitrary it can feel. Local governments determine tax rates and property valuations, often with little transparency. A booming real estate market can inflate your home’s assessed value overnight, and suddenly you’re paying hundreds or thousands more in taxes—without your consent or control. Worse, these funds are often funneled into bloated municipal budgets or mismanaged projects, leaving homeowners to wonder why they’re footing the bill for inefficiencies they had no hand in creating.

Property taxes don’t just shackle individuals—they destabilize entire communities. Long-time residents, particularly seniors on fixed incomes, are frequently priced out of their own neighborhoods. These people aren’t fleeing by choice—they’re being forced out by a system that punishes stability and rewards speculation. What’s more, renters aren’t immune either. As landlords pass property tax hikes onto tenants, the chains tighten around everyone, fueling an affordability crisis that affects entire cities.

If we’re serious about the idea of ownership, we need to rethink this system. Property taxes should not be a perpetual debt tied to your home. Alternative funding models exist—whether through consumption taxes, equitable income taxes, or even user fees that distribute the burden more fairly. At the very least, we need reforms that protect homeowners from the relentless squeeze of rising tax rates, ensuring that no one loses their home simply because the market moved against them.

The narrative of homeownership is one of freedom: a place to call your own, a sanctuary from the uncertainties of the world. But as long as property taxes persist in their current form, that narrative is a lie. These taxes are a chain, binding you to a system that profits off your labor and security. It’s time to break free. Only then can we truly reclaim the promise of homeownership as a symbol of independence, not subjugation.

Eric Kim

Jan 20, 2025 —

Mobile portable lifestyle

RESIST.

The human vehicle body —

Vehicle approach theory?

Weight lifting vehicle theory

What’s the approach or desired outcome?

Tall, handsome

Think.

Simple & Boring?

Happiness joy and health is the goal

Liquid Capital cash money wealth

Portable Capital

Simple Luxury

Virtuous distraction of fat

Confidence is an attitude

Most people are ugly

No second chances

Life is too short for bozos, no second chances

,

Just buy what’s cheap. 

If it ain’t broke don’t fix it!

By Eric Kim

When we think of owning a home, we imagine stability, security, and the culmination of the so-called “American Dream.” But beneath the surface of this dream lies an insidious trap: property taxes. To be blunt, home property ownership taxes are nothing short of a scam, designed to keep you perpetually indebted to the state, rendering true ownership an illusion.

Let’s start with the premise. You work hard, save diligently, and finally scrape together enough to buy a house. You’d think that once the bank’s mortgage is paid off, the home would truly be yours, right? Wrong. Property taxes mean you’re essentially renting your home from the government for life. Fail to pay these taxes, and the state has the authority to seize what you thought was your property. This isn’t ownership—this is glorified feudalism. In medieval times, serfs paid taxes to the landowner; today, homeowners pay taxes to the government. Different players, same game.

Now, let’s examine the justification for property taxes. Proponents argue that these taxes fund essential services like schools, roads, and emergency services. While that sounds noble, the reality is far murkier. First, why should funding for public services hinge on the value of your home? Tying taxes to property values disproportionately punishes individuals in areas where housing costs are artificially inflated—often through no fault of their own. Furthermore, these services benefit everyone, not just property owners. Shouldn’t renters and corporations shoulder their fair share instead of placing the burden squarely on homeowners?

The system is rife with inequities. Take reassessments, for example. As property values rise, so do your taxes. Did you choose to live in a neighborhood that suddenly became trendy? Did you ask for real estate developers to flood your area with overpriced condos? Of course not. Yet you’re punished financially for market forces entirely beyond your control. In many cases, long-time residents are pushed out of their homes, victims of gentrification fueled by escalating tax burdens. How is this fair or just?

Let’s not forget about the role of local governments, many of which weaponize property taxes to pad their bloated budgets. Inefficiencies and mismanagement abound, yet instead of tightening their belts, municipalities simply raise property taxes. It’s a never-ending cycle: government overspends, taxpayers are forced to cover the shortfall, and the cycle repeats. If this were a private business, it would be labeled a racket.

What’s most insidious is the psychological toll. Property taxes erode the sense of pride and security that comes with homeownership. You can never fully exhale, never feel completely settled. Even in retirement, when you’ve done all the “right” things—worked hard, saved, and paid off your mortgage—you’re still on the hook. And the tax rates don’t stay fixed; they creep up year after year, eroding your financial stability and forcing tough decisions about what you can and cannot afford.

So, what’s the solution? Abolishing property taxes altogether might seem radical, but it’s worth considering. Funding for essential services could come from more equitable sources, such as consumption taxes, income taxes, or even land-use fees applied across the board—not just to homeowners. At the very least, we need a system that protects homeowners, particularly seniors and those on fixed incomes, from being priced out of their homes.

Homeownership is supposed to symbolize freedom and independence. But as long as property taxes exist in their current form, that dream remains a lie. True ownership means not living in constant fear of losing what you’ve worked so hard to achieve. Until we address this systemic injustice, the promise of homeownership will remain just that—a promise, not a reality.

Eric Kim

Criticisms of property taxes on homes often stem from their perceived inequities, inefficiencies, and broader societal impacts. Below are common arguments against property taxes:

1. Regressive Impact

• Burden on Fixed-Income Households: Retirees or individuals on fixed incomes may face difficulties affording rising property taxes despite stable or declining income levels.

• Unequal Tax Burden: Property taxes are not necessarily tied to an individual’s ability to pay, which can disproportionately affect lower-income homeowners.

2. Market Value Volatility

• Assessment Fluctuations: Property taxes are often based on market valuations that can be volatile, leading to unpredictable and sometimes unaffordable tax increases.

• Unfair Assessments: Critics argue that tax assessments can be arbitrary or inconsistent, resulting in disparities between similarly valued properties.

3. Impact on Homeownership

• Barrier to Entry: High property taxes can deter first-time buyers, reducing access to homeownership.

• Disincentive to Improve Property: Property improvements can lead to higher assessments and taxes, discouraging homeowners from investing in upgrades.

4. Economic Distortions

• Mobility Constraints: Property taxes can discourage people from relocating, especially if they would face higher taxes in a new location.

• Urban Sprawl: In some cases, property taxes may incentivize development in areas with lower tax rates, contributing to sprawl and environmental concerns.

5. Funding Inequalities

• Education and Public Services Disparities: Property taxes often fund local schools and public services, leading to significant disparities between wealthy and less affluent communities.

• Reinforcement of Inequality: Wealthier areas with higher property values can afford better services, perpetuating cycles of inequality.

6. Perceived Unfairness

• Taxation Without Utilization: Homeowners who use fewer local services (e.g., those without children in public schools) may feel they are subsidizing others.

• Double Taxation: Some argue that property taxes, particularly on fully paid-off homes, feel like an ongoing tax on already taxed income.

7. Economic Hardships in Depressed Markets

• Inelastic Tax Revenue: During economic downturns or housing market crashes, property tax revenues may decline, straining local governments’ budgets.

• Punishment for Negative Market Trends: Homeowners in declining neighborhoods may face relatively higher tax burdens compared to the reduced value and marketability of their homes.

8. Alternatives to Property Taxes

• Land Value Tax Argument: Critics suggest taxing land value separately from improvements could be more equitable and less distortive.

• Sales or Income Tax Substitutes: Some advocate for replacing property taxes with broader-based taxes, such as sales or income taxes, to align taxation more closely with ability to pay.

These criticisms contribute to debates on reforming property tax systems, exploring alternative revenue sources, or adjusting mechanisms to reduce perceived inequities.

xx

Home property taxes are a fundamental source of revenue for local governments, funding essential services such as education, public safety, and infrastructure. However, they have faced substantial criticism from various perspectives. Below are some of the primary arguments against home property taxes:

1. Regressive Nature

Argument: Property taxes can be regressive, meaning they take a larger percentage of income from lower-income homeowners compared to higher-income ones. While the tax is based on property value, not income, lower-income individuals often spend a higher proportion of their earnings on housing, making property taxes disproportionately burdensome.

Implications: This can exacerbate economic inequality and place undue stress on low-income households, potentially leading to financial instability or even loss of homeownership.

2. Assessment Inequities

Argument: Property assessments may not always accurately reflect a property’s true market value. Inaccurate or outdated assessments can result in unfair tax burdens, where some homeowners are overtaxed while others may benefit from undervaluation.

Implications: Inconsistent assessment practices can erode trust in the local tax system and lead to legal disputes or demands for reassessment, complicating tax administration.

3. Impact on Low-Income Homeowners

Argument: Fixed property taxes can become increasingly burdensome for low-income homeowners, especially if their property values rise without a corresponding increase in their income. This mismatch can lead to difficulties in paying taxes, risking foreclosure or forced sale.

Implications: This situation can reduce housing stability for vulnerable populations and limit access to homeownership for future low-income buyers.

4. Disincentive for Property Improvements

Argument: High property taxes can discourage homeowners from making improvements or renovations to their property, as such enhancements may lead to increased tax assessments.

Implications: This can result in stagnation of property values and neighborhood decline, as homeowners may choose to maintain properties rather than invest in their upkeep or improvement.

5. Discourages Mobility

Argument: High property taxes can make it more expensive to own a home, potentially discouraging people from moving to areas with better job opportunities or living conditions.

Implications: Reduced mobility can lead to labor market inefficiencies, where individuals remain in suboptimal locations due to the financial burden of property taxes.

6. Complexity and Lack of Transparency

Argument: Property tax systems can be complex, with various exemptions, assessments, and appeal processes that are not easily understood by the average homeowner.

Implications: This complexity can lead to confusion, errors in tax bills, and a perception of unfairness, undermining public confidence in the tax system.

7. Unpredictable or Rapid Increases

Argument: Property taxes can fluctuate significantly based on changes in property values, local tax rates, or budgetary needs of the municipality. Sudden increases can catch homeowners off guard, making financial planning difficult.

Implications: Unpredictable tax hikes can strain household budgets, particularly for those on fixed incomes, and may lead to increased financial stress or forced relocation.

8. Does Not Reflect Ability to Pay

Argument: Property taxes are based solely on property value, not on the homeowner’s income or financial situation. This means that two individuals with the same property tax bill may be in vastly different financial circumstances.

Implications: Tax systems that do not consider ability to pay can perpetuate economic disparities and place undue burdens on those least able to bear them.

9. Potential for Inefficient Use of Funds

Argument: Critics argue that property tax revenues are not always used efficiently or equitably, leading to wasteful spending or misallocation of resources.

Implications: Perceived inefficiency can lead to resistance against property taxes and demands for greater accountability and reform in how tax revenues are utilized.

10. Alternative Taxation Methods Might Be Fairer

Argument: Some argue that alternative forms of taxation, such as income or sales taxes, could be structured to be more equitable and responsive to individuals’ ability to pay.

Implications: Shifting away from property taxes could address some of the issues related to regressivity and fairness, though it would also require careful consideration of how to fund essential local services.

11. Impact on Property Markets

Argument: High property taxes can affect housing affordability and demand, potentially leading to reduced property values and slower real estate markets.

Implications: A sluggish property market can have broader economic repercussions, including reduced construction activity and lower municipal revenues.

Conclusion

While home property taxes play a crucial role in funding local services and infrastructure, the criticisms outlined above highlight significant challenges and areas for potential reform. Addressing these concerns requires a balanced approach that considers fairness, economic impact, and the efficient delivery of public services. Policymakers must weigh these factors to create a property tax system that is equitable, transparent, and sustainable.

$81T payoff — buy 6M bitcoins —

Capital flex?

Being innovative, being different, being superior, stronger tougher bigger, more powerful more dominant?

Question: how many times have I lifted weights?

Life is all about reps

Arnold Schwarzenegger has this concept “that life is about reps”, life is about repetitions etc.

So the way I interpret this statement or line of philosophy isn’t like grinding out repetitions for some sense of fake virtuosity but rather… To repeat, to practice, to do something multiple times, seems like a good idea.

The gauge of true commitment

How many times have you told your partner or your wife that you love them? 

So for example, microstrategy and Michael Saylor has purchased bitcoin a total of 42 times, this is kind of a big deal. If I look back at my own personal purchase history I might have bought bitcoin maybe like a total of 15 or 20 times?

Each time you purchase, it is intentional 

So the reason why I feel that this is significant is that every single time each and every single time, you’re planning on purchasing bitcoin or doing something, there is intent, focus, effort, having to judge and balance your emotions etc.

So for example, obviously every single time that you’re going to want to buy bitcoin or whatever, there’s always gonna be some sort of economic calculus, some sort of judging and weighing the price, thinking about timing etc. And all while doing this thinking about the long-term.

I’ve been stacking bitcoin since 2018, when one bitcoin was only $6999 a coin. I think from 2018, 2019, 2020, 2021, 2022, 2023, and 2024, each and every year I probably purchased bitcoin at least once a quarter? So assuming that I’ve been buying bitcoin for six years now, I might’ve purchased bitcoin like a total of 24 times?

Success 

So when things seem like an overnight success now that bitcoin has hit $100,000 a bitcoin, it almost seems so obvious in hindsight, and even though when people congratulate me, the hilarious irony is that it’s kind of not as great as you would expect it? Like people will tell you “good job, congratulations!“? Then onto the next topic.

Commitment

It seems that in today’s world we do not like commitment. Maybe the whole reason that people shy away from marriage is that people are afraid of committing?

“We are in an exclusive relationship”

One very funny trend I see is the whole idea of being polygamist, which means that you are just not in a relationship with one person, but you could be with many.

Certainly the funny thought is obviously marriage is kind of a sociological construct. But at the same time, Zeus and Hera, maybe albeit they were born of the same thighbone or whatever, were married. They were husband and wife. And of course, even the hilarity of Homer’s prose, they were always quarreling.

In praise of commitment

But, the interesting thought is often times commitment is liberating freeing, and just a lot simpler and more direct.

For example, traditional finance and economic investing theory says that one should always “diversify“, to be committed to just 100% one thing is a foolish errand. But, let us say that on the planet there is clean water and there is sewer water. Why would you diversify to drink sewer water to simply have a “diversified portfolio”, when you know there is one true clean water?

Or let us say religion: would you “diversify” by believing a lot of different religions simply for the sake of diversification?  

Why?

So why do people even diversify in the first place?

First, a hedge against uncertainty and the future.

People are afraid, and it seems that a lot of people want to just mitigate risk. Which means they want to lower the chance of themselves from losing money.

In search of superior yield

My personal definition of investing is the search for superior yield

So for example, if I could tell you with 100% certainty to you that bitcoin is going to go up, forever, at 60% ARR for the next 100 years, yet there’s going to be big swings, like up swings and down swings which are 30%, would you do it? The rational thing is of course yes. As investors, and capitalists, our prime goal is in search of superior yield. It doesn’t matter how big or low the swings are, we will always want superior yield over the long-term, even though the swings may be drastic?

The true investor has big balls

Or let us say that I can guarantee you 100% boring 10% ARR for the next 100 years, which is technically below the cost of capital which is 15% ARR (the performance of the S&P 500 index), and there will never be any dramatic swings.

So when it comes to investing, I almost feel like 99.9% of it is having the stomach for it. Therefore if you want to be a great investor, just need to train your stomach? 

Investing philosophy is like life philosophy?

Well let me give you an example… Let us say that I could promise you two lives: both lives you will live to be 100 years old. The first life is a life in which you are given a 100% boring existence, with no major swings up or down. Or let us say I could promise you a life which has extreme swings up and down, but will ultimately yield you 1000 times more interesting fun and joyful life. Which one would you choose?

I think a lot of people they choose the steady boring life. Why? My personal thought is modern day society, we have been conditioned to be like safe cattle, we want to be safe, play it safe because a lot of socialization is about imputing ourselves with fear; I almost wonder if like 99% of marketing is actually fear marketing, to get you to buy some sort of stupid insurance life plan or whatever.

Seek the most supremely glorious life 

The funny truth is I never felt that bitcoin was risky, it was just kind of a new technology which was not yet mainstream?

Now that bitcoin has essentially hit $100K, it’s pretty much mainstream at this point. And this is good because you’re going to start to see the network effects. For example do you remember the early days of Facebook, in which only college students were allowed access to join Facebook? At the time you were actually required to have a .EDU email address to sign up for Facebook. But once they opened up the gates, everyone joined in masses.

The reason why you should give your mom an iPhone

I wonder if bitcoin is the same, rather than thinking about all these weird crypto anarchists, maybe a more  approachable way you could just think about it is like imagine like bitcoin being the new Facebook, but for digital money and capital.

Or like imagining like bitcoin like the new iPhone, iOS, iMessage and iCloud FaceTime etc.; the general idea is that if you have an iPhone, and I have an iPhone, and we both have FaceTime, this makes both of our lives 1 trillion times easier than if you had a Samsung or android or Google pixel, and I had an iPhone. In fact, I still do believe that FaceTime is the killer app, because of FaceTime, I slowly got the whole family into the iPhone Apple ecosystem. Because I no longer wanted to use stupid KakaoTalk or even worse — google hangouts or Google meet or whatever.

This is also where I believe that maybe in the long run, Google won’t really be around anymore. Why? It seems that the primary issue is google doesn’t really seem to be a sustainable business. The only two things we are really hooked on is Google maps and YouTube, But besides this, now that ChatGPT and ChatGPT search is starting to gobble up the market, I wonder if one day Apple will just get into a partnership with ChatGPT and just replaced the default browser instead with search GPT, this would be a huge risk factor for Google.

Why are we so scared of volatility?

 Where does our fear of volatility come from?

Certainly, it is kind of maybe human nature. Like if you see a big swing up or down, it is kind of an emotional roller coaster: as a consequence, what you must do is steel your nerves. And, if you’re an inexperienced weightlifter or power lifter, or one rep max lifter, then, certainly the fear of attempting awaits that you have never attempted before is always going to be a little bit scary.

Maybe not at the age of 36, I’m in the prime of my life. Why? I’ve been investing in the stock market, with mutual funds and individual stocks ever since I was 15 years old, and now that I’m 36, technically I’ve been in the game for over 20 years. I’m no longer a kid.

I also recall that when I was starting off my street photography journey at the right age of 21, I was a lot more insecure about myself, but now, like a grown ass middle-aged man, I got nothing but 100% confidence and courage and chutzpah on my side.

Why?

Now, it is more like an ethical imperative for me —

For example, if you discovered the cure for cancer or diabetes or type two diabetes or whatever, wouldn’t you want to share the gospel with everyone you know?

Or if you found the cure for heart disease heart attack, everything… Wouldn’t you want to share this information with others, even if they did not like it?

I’ll give an example, I think one of the most important doctors of all time had a very simple idea: wash your hands with soap and sterilize your equipment before delivering a baby. A lot of doctors at the time thought this was absolutely ridiculous, yet this simple suggestion has probably saved millions of lives of babies throughout the years.

Or another simple idea: before drinking the sewer water, maybe it’s a good idea to boil the water to sanitize it before drinking it.

Even I think an ancient times, the only reason people drink wine wasn’t to get drunk, in fact back then the mixture of alcohol and wine and water content was actually very very low, which means that the wine was actually not that strong it was quite weak. The only reason they drink wine was the water was infected. And I think even German monks who drank beer, it wasn’t because they wanted to get drunk but if you fermented beer it did not kill you with dysentery with a traditional contaminated sewer water.

Bitcoin is clean water

You know that there’s all these campaigns around the planet like building and clean water wells in Africa and the like?

Bitcoin is kinda like the same thing. If you discovered clean water, wouldn’t you want to share joy with others?

The best way to be an evangelist

So you don’t want to be one of those Bible thumpers, holding across on third street promenade telling the gay people that they’re going to hell. This is not very effective marketing or PR.

The best way to get people to convert, etc.… Is much more subtle. It is a soft assault encouragement, a take it or leave it mentality.

What I also appreciate about being catholic Roman Catholic is that we are not forceful evangelist, at least not in modern times. It’s cool to encourage your friends to go to church with you, but there’s never any pressure. There’s no protestant rock Jesus loving parties or stuff like that.

Take it or leave it?

Often when we try to optimize things or make things legitimate… It does the critical break of everything?

Increase investor risk

I love being in the center of attention–> more attention more power

Question: how many times have I lifted weights?

Life is all about reps

Arnold Schwarzenegger has this just “that life is about reps, life is about repetitions etc.

So the way I interpret this statement or line of philosophy isn’t like writing out repetitions for some sense of fake virtuality but rather… To repeat, to practice, to do something multiple times, seems like a good idea.

So for example, Michael strategy and Michael Saylor has purchased bitcoin a total of 42 times, this is kind of a big deal. If I look back at my own personal purchase history I might have bought bitcoin maybe like a total of 15 or 20 times?

So the reason why I feel that this is significant is that every single time each and every single time, you’re planning on purchasing bitcoin or doing something, there is intent, focus, effort, having to judge and balance your emotions etc.

So for example, obviously every single time that you’re going to want to buy bitcoin or whatever, there’s always gonna be some sort of economic calculus, some sort of judging and weighing the price, thinking about timing etc. And all while doing this thinking about the long-term.

Commitment

It seems that in today’s world we do not like commitment. Maybe the whole reason that people shy away from marriage is that people are afraid of committing?

“we are in an exclusive relationship”

One very funny trend I see is the whole idea of being polygamist, which means that you are just not in a relationship with one person, but you could be with many.

Certainly the funny thought is obviously marriage is kind of a sociological construct. But at the same time, Zeus and Hera, maybe I’ll be at they were born of the same thighbone or whatever, were married. They were husband and wife. And of course, even the hilarity of Homer’s prose, they were always quarreling.

In praise of commitment

But, the interesting thought is often times commitment is liberating freeing, and just a lot simpler and more direct.

For example, traditional finance and economic investing theory says that one should always “diversify“, to be committed to just 100% one thing is a foolish errand. But, let us say that on the planet there is clean water and there is sewer water. Why would you diversify to drink sewer water to simply have a “diversified portfolio”, when you know there is one true clean water?

Or let us say religion: would you “diversify” by believing a lot of different religions simply for the sake of diversification?  

Why?

So why do people even diversify in the first place?

First, a hedge against uncertainty and the future.

People are afraid, and it seems that a lot of people want to just mitigate risk. Which means they want to lower the chance of themselves from losing money.

in search of superior yield

So for example, if I could tell you with 100% certainty to you that bitcoin is going to go up, forever, at 60% ARR for the next 100 years, yet there’s going to be big swings, like up swings and down swings which are 30%, would you do it? The rational thing is of course yes. As investors, and capitalists, our prime goal is in search of superior yield. It doesn’t matter how big or low the swings are, we will always want superior yield over the long-term, even though the swings may be drastic?

Or let us say that I can guarantee you 100% boring 10% ARR for the next 100 years, which is technically below the cost of capital which is 15% ARR (the performance of the S&P 500 index), and there will never be any dramatic swings.

Investing philosophy is like life philosophy?

Well let me give you an example… Let us say that I could promise you two lives: both lives you will live to be 100 years old. The first life is a life in which you are given a 100% boring existence, with no major swings up or down. Or let us say I could promise you a life which has extreme swings up and down, but will ultimately yield you 1000 times more interesting fun and joyful life. Which one would you choose?

I think a lot of people they choose The steady boring life. Why? My personal thought is modern day society, we have been conditioned to be like safe cattle, we want to be safe, played safe because a lot of socialization is about imputing ourselves with fear; I almost wonder if like 99% of marketing is actually fear marketing, to get you to buy some sort of stupid insurance life plan or whatever.

Seek the most supremely glorious life 

The funny truth is I never felt that bitcoin was risky, it was just kind of a new technology which was not yet mainstream?

Now that bitcoin has essentially hit 100 K, it’s pretty much mainstream at this point. And this is good because you’re going to start to see the network effects. For example do you remember the early days of Facebook, in which only college students were allowed access to Join Facebook? At the time you were actually required to have a .EDU email address  to sign up for Facebook. But once they opened up the gates, everyone joined in masses.

I wonder if bitcoin is the same, rather than thinking about all these weird crypto anarchists, maybe a more  approachable way you could just think about it is like imagine like bitcoin being the new Facebook, but for digital money and capital.

Or like imagining like bitcoin like the new iPhone, iOS, iMessage and iCloud FaceTime etc.; the general idea is that if you have an iPhone, and I have an iPhone, and we both have FaceTime, this makes both of our lives 1 trillion times easier than if you had a Samsung or android or Google pixel, and I had an iPhone. In fact, I still do believe that FaceTime is the killer app, because of FaceTime, I slowly got the whole family into the iPhone Apple ecosystem. Because I no longer wanted to use stupid KakaoTalk or even worse — google hangouts or Google meet or whatever.

This is also where I believe that maybe in the long run, Google won’t really be around anymore. Why? It seems that the primary issue is google doesn’t really seem to be a sustainable business. The only two things we are really hooked on is Google maps and YouTube, But besides this, now that ChatGPT and ChatGPT search is starting to gobble up the market, I wonder if one day Apple will just get into a partnership with ChatGPT and just replaced the default browser instead with search GPT, this would be a huge risk factor for Google.

Why are we so scared of volatility?

 Where does our fear of volatility come from?

Certainly, it is kind of maybe human nature. Like if you see a big swing up or down, it is kind of an emotional roller coaster: as a consequence, what you must do is steel your nerves. And, if you’re an inexperienced weightlifter or power lifter, or one rep max lifter, then, certainly the fear of attempting awaits that you have never attempted before is always going to be a little bit scary.

Maybe not at the age of 36, I’m in the prime of my life. Why? I’ve been investing in the stock market, with mutual funds and individual stocks ever since I was 15 years old, and now that I’m 36, technically I’ve been in the game for over 20 years. I’m no longer a kid.

I also recall that when I was starting off my street photography journey at the right age of 21, I was a lot more insecure about myself, but now, like a grown ass middle-aged man, I got nothing but 100% confidence and courage and chutzpah on my side.

Why?

Now, it is more like an ethical imperative for me —

For example, if you discovered the cure for cancer or diabetes or type two diabetes or whatever, wouldn’t you want to share the gospel with everyone you know?

Or if you found the cure for heart disease heart attack, everything… Wouldn’t you want to share this information with others, even if they did not like it?

I’ll give an example, I think one of the most important doctors of all time had a very simple idea: wash your hands with soap and sterilize your equipment before delivering a baby. A lot of doctors at the time thought this was absolutely ridiculous, yet this simple suggestion has probably saved millions of lives of babies throughout the years.

Or another simple idea: before drinking the sewer water, maybe it’s a good idea to boil the water to sanitize it before drinking it.

Even I think an ancient times, the only reason people drink wine wasn’t to get drunk, in fact back then the mixture of alcohol and wine and water content was actually very very low, which means that the wine was actually not that strong it was quite weak. The only reason they drink wine was the water was infected. And I think even German monks who drank beer, it wasn’t because they wanted to get drunk but if you fermented beer it did not kill you with dysentery with a traditional contaminated sewer water.

Bitcoin is clean water

You know that there’s all these campaigns around the planet like building and clean water wells in Africa and the like?

Bitcoin is kinda like the same thing. If you discovered clean water, wouldn’t you want to share joy with others?

The best way to be an evangelist

So you don’t want to be one of those Bible thumpers, holding across on third street promenade telling the gay people that they’re going to hell. This is not very effective marketing or PR.

The best way to get people to convert, etc.… Is much more subtle. It is a soft assault encouragement, a take it or leave it mentality.

What I also appreciate about being catholic Roman Catholic is that we are not forceful evangelist, at least not in modern times. It’s cool to encourage your friends to go to church with you, but there’s never any pressure. There’s no protestant rock Jesus loving parties or stuff like that.

Take it or leave it?

bitcoin is 60% ARR, whereas real estate is maybe at best 10%.

if you do the simple math if you start off with $1 million, with bitcoin, you will gain $19 billion in 21 years whereas was real estate or something that is boring at 10% you will only get $7.4 million.

Do you want $19 billion in 21 years, with extreme volatility, or would you rather have a paltry $7.4 million, after 21 years with little volatility?

60% ARR for 21 Years:

1. Year 1: $1,600,000

2. Year 2: $2,560,000

3. Year 3: $4,096,000

4. Year 4: $6,553,600

5. Year 5: $10,485,760

6. Year 6: $16,777,216

7. Year 7: $26,843,545.60

8. Year 8: $42,949,672.96

9. Year 9: $68,719,476.74

10. Year 10: $109,951,162.78

11. Year 11: $175,921,860.45

12. Year 12: $281,474,976.72

13. Year 13: $450,359,962.75

14. Year 14: $720,575,940.40

15. Year 15: $1,152,921,504.64

16. Year 16: $1,844,674,407.42

17. Year 17: $2,951,479,051.87

18. Year 18: $4,722,366,482.99

19. Year 19: $7,555,786,372.79

20. Year 20: $12,089,258,196.46

21. Year 21: $19,342,813,114.34

10% ARR for 21 Years:

1. Year 1: $1,100,000

2. Year 2: $1,210,000

3. Year 3: $1,331,000

4. Year 4: $1,464,100

5. Year 5: $1,610,510

6. Year 6: $1,771,561

7. Year 7: $1,948,717

8. Year 8: $2,143,589

9. Year 9: $2,357,948

10. Year 10: $2,593,742

11. Year 11: $2,853,116

12. Year 12: $3,138,427

13. Year 13: $3,452,269

14. Year 14: $3,797,496

15. Year 15: $4,177,245

16. Year 16: $4,594,970

17. Year 17: $5,054,467

18. Year 18: $5,559,914

19. Year 19: $6,115,906

20. Year 20: $6,727,497

21. Year 21: $7,400,247

Let me know if you’d like this in a different format or additional years!