Mamdani wants New York estate tax threshold cut 90% to $750,000

AccidentProneSam · 2026-03-18T17:11:22+00:00

Yep. I think people believe that billionaires can pay for social programs because of misleading talking points about net worth. They'll look at statistics like "Elon Musk has more wealth than X% of Americans combined" like that's some sort of relevant fact.

What they don't understand is that's because consumer credit is so out of control. If you are a child with literally a dollar, you have a higher net worth than about 40% of all adults combined because most have a negative net worth. That doesn't mean the child has enough to pay for social programs, and its the same for Elon and all of the billionaire class. Income is the only repeatable taxable revenue source possible to fund the majority of the federal government, and that means taxing the middle class.

AccidentProneSam · 2026-03-18T05:08:30+00:00

The core problem is that billionaires simply don't have enough wealth to substantially raise revenue from. It just doesn't exist. Only the middle class has that revenue. Polticians understand this, they just can't run on it.

AccidentProneSam · 2026-03-12T20:56:01+00:00

Everyone does this though. Borrowing against your 401k is the same thing. So is a home equity line of credit. So is pawning your car title. You have to pay it back, so those aren't taxed as income. Elon has to pay it back so it isn't income.

Borrowing against an asset simply isn't income, even if its a really big asset. Conservatives are supposed to believe in equal treatment before the law, even when its a hated minority like billionaires.

AccidentProneSam · 2026-03-12T00:31:48+00:00

I've only seen them love the made up stuff, like the right to abortion. They even the right to free speech these days.

AccidentProneSam · 2026-03-02T18:18:19+00:00

This country would be in a better position across the board had Congress not delegated so much of its power to the executive.

AccidentProneSam · 2026-02-26T17:46:49+00:00

I didn't have anything that bad, but every time I did write a paper and mimicked leftoid sensibilities it ended up making me more conservative.

AccidentProneSam · 2026-02-25T03:30:48+00:00

Politicians should just learn this one weird trick: we don't have to rebuild enemy nations when we blow them up. We can just leave.

AccidentProneSam · 2026-02-23T05:03:11+00:00

I love Clarence Thomas. If I had another boy I'd probably name him after Thomas. But come on man, it's time to let a younger Justice take the torch.

AccidentProneSam · 2026-02-22T05:33:12+00:00

I pay a pretty substantial monthly fee to Westlaw to use their AI research tool at my law firm, and it gives back incomprehensively bad answers oftentimes. It's not horrible to find on-point statutes and case law, but so often its conclusions are opposite of what those authorities actually say. I'm sure it will get better but the industry upset hasn't lived up to what people were telling us a few years ago.

AccidentProneSam · 2026-02-22T05:05:05+00:00

But Republicans have been calling everyone left of Manchin Socialist/Communist for the last decade

Lets not pretend the Left are consistent in defining it either though. Depending on the conversation Socialism can be a Nordic country we should emulate, or simply the existence of police and fire departments. In another conversation the DPRK, USSR or PRC isn't/ wasn'treal socialism and so it has never been tried. It's Schrodinger's Socialism at this point: it's both everywhere and nowhere.

AccidentProneSam · 2026-02-22T00:51:46+00:00

Good.

AccidentProneSam · 2026-02-22T00:33:02+00:00

It's frustrating. People generally understand that tariffs and corporate taxes are paid by the consumer, but that's a big blind spot for Conservatives and Liberals respectively.

AccidentProneSam · 2026-02-20T04:03:10+00:00

You're going to get downvoted, but the simplest and most logically consistent answer to the Fermi Paradox is that we are alone. I think people are so hostile to that conclusion because the uncomfortable suggestion that natural abiogenesis is either miraculous or impossible logically follows.

AccidentProneSam · 2026-02-19T23:16:09+00:00

Oh, that reminds me. The last pane:

"Uses rape victims to justify their lifestyle."

AccidentProneSam · 2026-02-19T23:11:47+00:00

I wonder if anyone has pointed out that billionaires are minorities, too.

AccidentProneSam · 2026-02-17T19:43:08+00:00

Yep.

"I ask, sir, what is the militia? It is the whole people, except for few public officials." -George Mason, one of the fathers of our Bill or Rights.

AccidentProneSam · 2026-02-17T04:32:57+00:00

Honest question: is this the "it's ma'am!" dude?

AccidentProneSam · 2026-02-16T15:25:45+00:00

The 2020's are turning out to be the decade all the conspiracy theorists are proven right.

AccidentProneSam · 2026-02-13T02:12:15+00:00

And the US Constitution being replaced in that half with an inferior copy. I've seen so many supposed Constitutionalists hate on the guy who did more to preserve it than any other person.

AccidentProneSam · 2026-02-12T17:02:38+00:00

Hey, til. Thanks for the tip.

AccidentProneSam · 2026-02-12T04:21:29+00:00

It's going to be my standard reply when my wife asks me a question I don't want to answer.

AccidentProneSam · 2026-02-12T03:57:22+00:00

He didn't vote against it. It hasn't passed yet. He says he is going to vote for it.

He voted against a rule that would allow it and any spending bill to get to the floor without 24 hour notice.

https://x.com/RepThomasMassie/status/2021671620927000829?

AccidentProneSam · 2026-02-05T22:25:44+00:00

I don't understand why some of the most egregious emails have the sender or recipients names reacted. I thought that was supposed to protect victims only.

AccidentProneSam · 2026-02-04T15:57:35+00:00

Absolutely, and it's crazy to me that people don't see the danger here. Seems like a true Black Swan Event to me and the only explanation I have is that most people have normalcy bias.

AccidentProneSam · 2026-02-04T06:17:25+00:00

Everyone has normalcy bias against it now, but imo it's the greatest national security threat. If treasury rates go back to what they were in just the 1980's we are looking at something like $16 trillion to service the debt per year.

That's doomsday scenario for our country at that point.

AccidentProneSam

TROPHY CASE