"Can't touch this"- Billionaires Anthem💸
And why you should be mad at corporations, and not billionaires themselves🤷🏾♂
#79
SO there’s a bunch of people coming for Bill Gates for how little he pays in taxes? Wellllll maybe that’s because he doesn’t have $107B sitting in an account somewhere. 🤷🏾♂🤷🏾♂ Net worth is the worth of someones total assets minus their liabilities. You don’t get taxed on your net worth. You get taxed on your salary and other things like capital gains (when you sell your stock). Well, time for another Warren Buffet story sponsored by James Altucher. Short lesson for all of us.
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Warren Buffett has a folksy story about his secretary. “She pays more taxes than me!”
That’s because she makes a salary!
Warren Buffett is rich because he owns $80 BILLION worth of Berkshire Hathaway stock. BUT YOU DON’T PAY TAXES until you sell the stock.
His salary is something like $1 a year.
So EVERYONE pays more income taxes than Warren Buffett.
But he uses that line to get Congress to raise taxes on the middle class and upper middle class. Higher taxes means the middle class has less money to spend on products and they have to work harder for every dollar they save for retirement.
Article List— What I’m reading (10 articles a day x 7 days x 4 weeks x 12 months = 3360 articles a year).
Deal-Master Debbane: Meet The Secretive Lebanese Immigrant Behind Oprah’s Weight Watchers Windfall: Bookmarking this article for when I need references while telling my story to the youngins. “If I make an investment, I am ready to lose it. But I am not doing it to double my money. I am doing it to make 10 or 20 times my money—that’s my goal.”
Uber founder Travis Kalanick has reportedly raised $400 million for his next act from Saudi Arabia. He'll be competing directly with his old company: Uncle T is on it again. Moving in stealth mode and building unicorns in his sleep.
Togo and Aliko Dangote join forces for a $2bn fertilizer project: No surprise there. Togo is open for business.
Nigeria will soon be exporting rice- Dangote: Uncle Dangz pulling from his cement playbook again. Africa’s biggest mafia boss.
Africa Is ‘Land of Opportunity’ in Post-Trade-Deal World, Says BofA: And rain falls from the sky…🙄🙄
John Legend and Chrissy Teigen on Love, Childhood Traumas, and the “Sh--ty Human Being” in the White House: This is a cute story. Diversifying my articles with this kind of content 😂
From Kim Kardashian to Disney tickets: Alibaba gears up for Singles Day, a $30 billion shopping event: Consumerism is killing us. What?? $37B projected for this year? On what exactly, please?
Hard Seltzer Craze Makes White Claw Maker a Multibillionaire: Imagine it’s some product like this that makes you a billionaire? Looking for mine.
The small African kingdom that’s perfect for growing cannabis, but maybe not for regulating it: These guys have seen the future. Get into the cannabis industry. Quick.
“HE’S F--KING DESTROYED THIS TOWN”: HOW MARK ZUCKERBERG BECAME THE MOST REVILED MAN IN TECH: Zuck = Bill for pre 2000. Who’s next? Listen to the Microsoft vs Netscape on Business Wars podcast and see how ruthless Bill was in his early days.
WeFarm secures 13m$ in series A funding: Not much to say here but congratulations to these guys👏🏾👏🏾👏🏾
INTERSWITCH EXPANDS PRESENCE IN HEALTH-TECH SPACE THROUGH ACQUISITION OF E’CLAT: And Interswitch just entered the Billion Dollar Company Club. Good for them. Excited to see what the future holds for this space.
Andrew Yang Is Not Full of Shit: Apparently $1000 to 250 million people every month is such a great idea? I don’t think so.
Even in an Existential Crisis, WeWork Continues to Grow: Food Labs looks pretty interesting, but adding to profit line? I don’t think so.
Podcast— What I’m listening to (1 podcast episode a day= 365 podcast episodes a year) — Broadening my experiences through others’ stories.
The Secret History of the Future: Today’s podcast recommendation comes from Babs. Yet to listen but I trust it’s good.
Book— 1 Chapter a day x 7 days x 4 weeks x 12 months = 336 chapters. Most books have 10-12 chapters, so 1 year = 28 to 33 books. And my book list is nearing 1000 books. Send help 🌚
Angel by Jason Calacanis: Learning a ton about angel investing. This man writes like his tweets 😂😂. Doesn’t give two shits about what anyone says.
📱📱Quote of the day
“If I make an investment, I am ready to lose it. But I am not doing it to double my money. I am doing it to make 10 or 20 times my money—that’s my goal.” - Raymond Debanne
Remember: “Until the lion learns to write, every story will glorify the hunter.”