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ECP NetHappenings $4,500,000,000,000 in tax cuts to the richest people in America

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The millennials who dismiss AI today will end up like the boomers who dismissed the internet in the 90s.

You think #Bitcoin is complicated?
Wait until you find out the Federal Reserve is neither federal, nor has any reserves.

@RBReich
Remember: If unions didn’t matter, powerful corporations wouldn’t spend millions of dollars every year to stop workers from organizing. Keep up the fight.

BITCOIN DOESN’T CARE ABOUT OR NEED MAGA OR ANYONE ELSE IN THE WORLD

BITCOIN

@gladstein Jun 4
Please note that Bitcoin is co-opting MAGA and many other political movements, not the other way around. Bitcoin doesn’t need Trump or any politician.
Trump’s fixations only strengthen
a) our ability to use Bitcoin as freedom money with anyone else on the planet and
b) Bitcoin’s global network effect

2/16/25 To create something real, it takes energy.
The Bitcoin network demonstrates this every 10 minutes.
“#Bitcoin over the last five years has returned 55% CAGR.
If you get a 10th of a Bitcoin right now, just sit on a 10th of a Bitcoin…
You go 20 years… That’s $64 fucking million dollars.”

Coinbase, Circle, BitGo, and Paxos all looking to apply for bank licenses or charters. Deutsche Bank and Standard Chartered Bank seek to expand crypto operations in the United States.

Trump Meme Coin

President Trump is using various crypto schemes to shamelessly exploit the presidency for personal profit.
So why did 16 Senate Democrats provide crucial votes to advance legislation to make these schemes MORE PROFITABLE FOR TRUMP?
Follow the money.

It’s laughable how these so-called “tech” projects have been overshadowed by a memecoin like $TRUMP. The real value lies in Bitcoin. Time to wake up and smell the coffee, it’s all about BTC!

Anonymous @YourAnonCentral
FYI: Trump doesn’t write or type his own posts. He has a special social media assistant that types them out for him, which is why he sometimes sounds like a valley girl. Someone messed up at the White House and posted something we weren’t meant to see. Possibly Russia agreeing to betray Iran.

Your reminder that Trump has 5 kids with 3 women he cheated on & Elon Musk has 14 kids with 4 women he cheated on & Pete Hegseth has 7 kids with 3 women he cheated on & Linda McMahon is being sued for enabling child sexual abuse. Family values my ass.

Psychopaths eventually rise to the top of every power structure—NGOs, corporations, and states. In a game without rules, those without morality will always have the upper hand.

Elon helped him hack the election to help him avoid going to prison. Trump ran to keep himself free. In exchange for what Elon did for him, he is under his thumb.
2 criminals
Trump and Musk made a deal to keep each other out of jail. We now have two corrupt illegitimate Russian-owned oligarchs destroying us from the inside. When is our intelligence community and military going to remove these traitorous fucking criminals?

TAXES

The Republican tax bill includes a $164 BILLION tax break for corporations who invest offshore.
I’m sure that’s not related.
https://www.livemint.com/global/the-trump-organization-has-expanded-globally-since-the-2024-election-see-where-11748874467062.html

California Assembly passes bill to regulate Digital Assets under ‘Unclaimed Property’ law.
The bill now moves to the Senate.
Law explained: Assets left on an exchange for 3 years will transferred to the state, and can then be claimed by the owner.
The big innovation with this bill is that any unclaimed #Bitcoin will stay as Bitcoin and not be liquidated. So you don’t have to worry about losing your gains due to early liquidation. The redemption is in kind Bitcoin held on exchanges for +3 year will be transferred to the state in California under a law passed by the Assembly Not your keys…
https://x.com/BTC_Archive/status/1930339325079666939

Billionaires in America now hold a record $7 TRILLION in wealth.
https://americansfortaxfairness.org/total-billionaire-wealth-tops-7-trillion-gop-aims-cut-healthcare-food-aid-give-rich-tax-cuts/
That’s a $4.1 TRILLION increase since the last Trump tax scam.
Republicans are now pushing a budget to give billionaires more tax breaks, paid for by cuts to healthcare and food assistance.
Insanity.
https://x.com/4TaxFairness/status/1930298710182789577/photo/1
You see the problem here, right?
Instead of making the richest men in the world pay their fair share so we can provide a quality life to every American, they want to gut programs and use the money for MORE tax breaks for these guys.
It’s completely absurd and wrong.

For years we’ve heard from the right about “welfare queens” and other so-called “freeloaders” pulling one over on the government.
But actually, it’s the wealthy who are the real freeloaders — pulling one over on us all by skirting their taxes.
Where is the outrage over that?
CNBC WEALTH
Tax evasion by millionaires and billionaires tops
$150 billion a year, says IRS chief
PUBLISHED THU, FEB 22 2024-9:12 AM EST

BREAKING: House Republicans propose the following:
$4,500,000,000,000 in tax cuts to the richest people in America
$1,500,000,000,000 in spending cuts to things that make life better for everyone else — $3,000,000,000,000 added to the debt

Federal officials are preparing to collect $500 billion less in taxes this year because of the Trump-Musk IRS cuts and the wealthy tax cheats who are taking advantage of the situation.

The U.S. government says 247,000 people applied for unemployment benefits last week, the most in eight months.
https://apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-795ec07804ed3f35eb702af27c4983d0

Have you ever heard of the “cowboy cocktail”?
The term refers to Wyoming’s booming business of unregulated trusts that can interlock with anonymous LLCs registered in the state to create a secretive structure, layers that can help shield a person’s assets.
https://www.icij.org/investigations/pandora-papers/millions-in-covid-relief-funds-went-to-shadowy-companies-at-a-wyoming-storefront-that-hundreds-of-thousands-of-firms-used-as-an-address/

While Tigray Gambaryan was helping ex-IRS ex-Binance employee Monahan launder stolen FTX funds, 99% of Global Agencies did nothing.
https://x.com/BoringSleuth/status/1889056921300107508/photo/1
As an IRS agent, Tigran Gambaryan was perhaps the most effective crypto investigator ever. Then last year he was charged in Nigeria with money laundering and thrown in prison.
Throughout, he was texting me from a secret phone. This is his full story.
https://www.wired.com/story/untold-story-crypto-crimefighters-descent-nigerian-prison-binance/

WHO IS IN CHARGE?

“The Intern in Charge”: Meet the 22-Year-Old Trump’s Team Picked to Lead Terrorism Prevention
One year out of college and with no apparent national security expertise, Thomas Fugate is the Department of Homeland Security official tasked with overseeing the government’s main hub for combating violent extremism. https://www.propublica.org/article/trump-dhs-thomas-fugate-cp3-terrorism-prevention

Health Insurance Claim Denied? See What Insurers Said Behind the Scenes
Learn how to request your health insurance claim file, which can include details about what your insurer is saying about you and your case.
When an insurance company is deciding whether to pay for your medical treatment, it generates a file, which should contain all records associated with your case, including documents explaining why the claim was denied.
You have a right to see this file.
https://www.propublica.org/article/find-out-why-health-insurance-claim-denied

The education law says Trump can’t tell schools what they can or cannot teach! Trump Is Breaking the Law by Telling Schools Not to Teach DEI
The Law Says Federal Officals Cannot Tell Schools What to Teach
or Not to Teach. HARVARD has some balls.

Harvard, the world’s richest university, is scrambling for cash. In just two months, it’s borrowed a staggering $1.2 billion.
The cracks are showing, and the entire model of elite university finance is now under stress.
How did Harvard, with a $50B endowment, end up here?
https://threadreaderapp.com/thread/1913737065864245275.html

Harvard has set up a website on its contributions to society.
155 patents issued in 2024 alone. New cancer treatments in the pipeline. Treatments for dementia.
Seeing our universities as woke factories completely misses the point.
https://www.harvard.edu/research-funding/

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ECP NetHappenings Your Taxes and United Health overcharged

UnitedHealth has overcharged some cancer patients for medicine by over 1,000%.
An FTC report finds that OptumRx, United Health’s pharmacy benefit manager, has made billions by charging patients a huge markup for life-saving drugs.

ANON:
Remember THIS guy Sean Curran in this now infamous STAGED assassination photo. Ya..that “Secret Service Agent” who was in on PLAN. Well, trump just named him head of the Secret Service. YUP!! You see, USUALLY, if your incompetence supposedly almost gets your boss KILLED, it would disqualify you from future employment. But not in this case! WHY? Because that was the agreement all along!
“Help me pull this off, and I will make sure you get taken care of”. This is just trump paying back the favor and keeping his co-conspirators silent! (BTW..Upside down flag is a nice touch to foreshadow the upcoming illegitimate term). STAGED!!!!!!!
https://threadreaderapp.com/thread/1880293031708082434.html

Trump taps the leader of his personal detail to run the US Secret Service
https://www.cnn.com/2025/01/16/politics/curran-trump-secret-service/index.html

Christian Family values are so cute.
Trump cheated on Ivana with Marla & cheated on Marla with Melania & cheated on Melania with Stormy – wants Kristi Noem, who cheated on her husband with Corey Lewandowski, who’s married & cheated on his wife with Hope Hicks – as DHS secretary. Family values my ass.

Neo-Nazi has been formally invited and is attending Trump’s inauguration.
https://www.reuters.com/world/german-far-right-leader-attend-trump-inauguration-2025-01-16/

THE 1000s of folks who bought tickets to be at the inauguration and the hotel rooms they paid for will not get into the building. It’s not the last time they will be left in the cold with nothing.
They better be happy with who they voted for.

Rebranding tyranny as ‘efficiency’ has been the sales pitch from the start.
MEGA = Make Elon Go Away
DOGE = Dept. Of Grift Expansion

Billionaires Tim Cook, Sam Altman, and Ken Griffin are donating $1 million each to Trump’s inauguration, AND Gates is impressed!!
Bezos, Sundar Pichai, and Zuckerberg will all attend. Gates is impressed.
Now seems like a good time to remind everyone that billionaires doubled their wealth after Trump’s first tax scam. On what planet does an oligarch identify as a progressive ? Mark Zuckerberg’s embrace of the Republican Party has surprised those who identified him and Meta with the progressive wing of the Democrats. In reality, he has long championed right-wing causes from school privatization to government deregulation.
https://jacobin.com/2025/01/mark-zuckerberg-meta-trump-tech/

When three people on top own more wealth than the bottom half of America …….
When a handful of corporations control the economy …
When you get one vote but billionaires can spend hundreds of millions of dollars to elect the candidate of their choice …
That’s oligarchy.

YOUR TAXES

You Magats are no longer useful. Bless Your Hearts.

TODAY’S EPISODE OF: WE FU*CKING WARNED YOU
They voted for Trump and now they’re worried that his potential cuts to education will hit them hardest.
The 15 states most dependent on federal school funding in 2022 voted Trump in 2024.

So forgiving PPP loans is capitalism — but forgiving student loans is socialism?

Robert Reich @RBReich
A leaked House Budget Committee doc reveals that Republicans will pursue big cuts Medicaid and other vital programs. Why?
To finance another round of tax cuts for the wealthy and corporations.
Another reminder that we have socialism for the rich, harsh capitalism for the rest.

US Treasury Secretary Yellen has said: the Treasury will begin using extraordinary measures on January 21.

The House just released a list of options they may use to pay for the next big tax bill to extend current tax cuts.
– Onshore Oil and Gas Leasing Would increase revenue $500 million
Expanding the current leases for onshore sites.
– Eliminate Deduction on Student Loan Interest Would increase revenue $30 billion
– Income Verification for Free / Reduced School Meals $9 billion in savings
Would require income verification for free breakfast and lunch for qualifying students.
– Deny Social Security to those with Felony Warrants Increase revenue by $3 billion
Currently only those “fleeing to avoid arrest” are having this income withheld.
– Ban Telehealth Facility Fees Increase revenue by $2.3 billion
This would eliminate facility fees charged to “telehealth” visits.
– 10% Tariff Would increase revenue by $1.9 trillion Applied to all imports
– Repeal SALT Deduction ENTIRELY Increase revenue by $1 trillion
This would remove even the $10,000 allowed deduction for state and local tax.
-Eliminate Home Mortgage Interest Deduction
Increase revenue by $1 trillion
Currently allowed to deduct interest on primary residence – this would eliminate that.
-Eliminate Non-citizens from Federal Health Benefits Save $35 billion
Illegal aliens are eligible for some federal health care programs (tax credits and medicaid). This would eliminate that eligibility.
– Repeal Green Energy Credits Save $796 billion
Would eliminate clean vehicle, clean energy, efficient building, and other energy credits that were introduced in the Inflation Reduction Act (IRA).
Cutting additional IRA Green-related credits could add $405 billion in savings.
-End the Employee Retention Credit $75 billion in savings
Yes, this is still happening.
-SSN Requirement for Child Tax Credit $28 billion in savings
2017 tax reform required this, but it’s set to lapse.
– Tax College Endowments 14% Would increase revenue $10 billion
Only applies to larger endowments, but is currently set at 1.4%.
– Disallow Charitable Deduction for Health Org.s Would increase revenue $83 billion
Same vibes as above. Donations to 501(c)(3) hospitals would not be deductible as charitable.
– Tax Scholarship and Fellowship Income Would increase revenue $54 billion
Currently these are excluded as long as they’re used on tuition and related expenses. This option would make them taxable.
– Tax Employer Provided Transportation and Gym Use Would increase revenue $70 billion
Currently employer-provided gym use is not taxable and transportation up to $315 per month is excludable.

WE LOVE THE FTC

Want some fun news before the Monday inauguration that you won’t have heard anywhere else? The antitrust enforcers (Lina Khan et al) went full Tony Montana on big business this week before Trump people took over. Here’s just part of what they did.

GM and OnStar say they take your privacy seriously. And then proceed to sell your precious location without telling you.
Stop trusting companies with your private data. They will not protect you. You have to protect you.
https://www.ftc.gov/news-events/news/press-releases/2025/01/ftc-takes-action-against-general-motors-sharing-drivers-precise-location-driving-behavior-data

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ECP NetHappenings OG means Old Gangster

FOR THOSE AROUND HERE THAT CAN NOT KEEP UP WITH SLANG
“OG” MEANS OLD GANGSTER

@woonomic
First, let me tell you who is selling. The OGs. They are selling. They have more BTC than all the ETFs put together… 10x more. And they sell into every bull market. This pattern is as old as the genesis block.
Chart below: the age x amount of coins being sold.

We are now in the modern age of BTC. Paper BTC has flooded the market since 2017. Futures markets. If you want to buy BTC, it used to be you had to buy real BTC. You can now buy paper BTC. Thus a no-coiner can sell you that paper. Together you have made a synthetic BTC.

That would-be demand for BTC gets diverted to paper BTC, fulfilled by counter traders who have no BTC to sell, they just have USD to back their bet.

In the old days, BTC would go on an exponential run because the only sellers was a trickle from the OGs and an even smaller amount from miners with their newly mined coins.

Today the magic of paper BTC is what you want to watch.

The 2022 bear market was dictated by a flood of paper BTC when spot holders didn’t really sell.

In this current bull, I have marked where paper increased, these were times when price didn’t rally.

We are in one of these right now.
https://x.com/woonomic/status/1801727020562350494/photo/1

So… not a great idea to look solely at ETF buying.

On-chain data… derivatives data… technical price action…

All of these add to the demand and supply picture.

Putting it together is an art, not a quantifiable science.

Everyone is just making educated guesses.

—

The Bitcoin Futures market was started in 2017.
It’s purpose is to suppress the price of BTC.
December 1, 2017 CFTC Gives Official Go-Ahead for Bitcoin Futures. Let the Big Short gambling begin again.

Diverting buying pressure from spot markets: The existence of cash-settled futures can divert buying pressure from real BTC exchanges. If the futures price is slightly cheaper than the spot price, many buyers may take the futures contract instead, reducing the buying pressure on the spot markets and potentially lowering the price.

Suppressed spot price due to lack of buying pressure: When futures contracts are sold, they divert money from spot markets, reducing the buying pressure and potentially causing the spot price to drop.

Temporary suppression through cash-settled futures: Enemies with unlimited cash, such as central banks, can suppress the price of bitcoin by buying futures contracts and then taking delivery of cash at the suppressed price. This can have temporary effects, but the suppression cannot persist long-term.Futures market manipulation: The cash-settled futures market can be manipulated to suppress the price of bitcoin. For example, if someone has 1 bitcoin and wants to bet on its future price, they can sell a futures contract and potentially influence the price.

https://bitcoinmagazine.com/markets/bitcoin-futures-market-explained-price-manipulation

— TAXES–

President Biden proposes a 44.6% capital gains tax, the highest in history.

The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals.

44.6% capital gains tax Only for corporations and for individuals with incomes above $400,000 per year.

The elite don’t pay taxes because they don’t show profits. This is a tax to steal from the middle class, period.

A billionaire finally said it.

If 800 of the wealthiest corporations/billionaires paid $5 billion in taxes, the working class wouldn’t have to pay a dime, and our debt would get paid off.

Do you believe us now?

ECP NetHappenings Americans owe $688 billion in unpaid taxes

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Americans owe $688 billion in unpaid taxes, the IRS has said per MarketWatch.

GOP destroying separation of church and state.
This is how the GOP plans to destroy public education to create a nation of Red-state-type uneducated and gullible voters…
https://twitter.com/cltomlinson/status/1712088069879271442

Texas has 1 million kids in private or home school. If they each got a $8,000 voucher, it would cost taxpayers $8 Billion. A major transfer of public money to mostly religious institutions. More:
https://www.houstonchronicle.com/business/columnists/tomlinson/article/vouchers-financial-cost-unfair-texas-18415344.php

Elon Musk, Jeff Bezos, Bill Gates, Mark Zuckerberg and Warren Buffett became $7.1 billion richer TODAY, own $753 billion in wealth and pay lower effective tax rates than truck drivers and nurses. US debt rose by $1.2 billion per hour for the past 19 days.
https://watcher.guru/news/us-government-debt-rose-by-1-2-billion-per-hour-for-the-past-19-days

Leonard Leo arranged for a select group of high-net-worth donors to have a private audience with Clarence Thomas at the Supreme Court. The group was organized by billionaire Paul Singer, who had previously gone fishing in Alaska with Leo & Justice Alito.
https://www.propublica.org/article/we-dont-talk-about-leonard-leo-supreme-court-supermajority
Leonard Leo, when not bribing the Supreme Court, also finds time to work with Missouri associates trying to take money from public schools – and push more kids to Agape Boarding School-type slave schools.“Herzog and groups like Herzog have made it their goal to funnel money from taxpayers to private institutions,” said Rep. Maggie Nurrenbern. “We’re going to continue to see more legislation pushed by groups like Herzog to dismantle public schools…”

When then-Supreme Court nominee Brett Kavanaugh was running into trouble, Leo turned to the group of wealthy donors to raise money for an ad campaign to counter all the negative press.
But not all were donors.
One was Justice Clarence Thomas.
https://www.wnycstudios.org/podcasts/otm/episodes/on-the-media-we-dont-talk-about-leonard-episode-2

VICTORY
In the largest audit in U.S. history, the IRS rejected Microsoft’s attempts to channel profits to a small factory in Puerto Rico that burned Windows software onto CDs.
The IRS has stated that from 2004 to 2013, Microsoft, $MSFT, underpaid its taxes by $28.9 billion in back taxes — plus penalties and interest. Major tax dodgers have been able to rig the system for years.
Microsoft had shifted at least $39 billion in U.S. profits to Puerto Rico, where the company’s tax consultants, KPMG, had persuaded the territory’s government to give Microsoft a tax rate of nearly 0%. Microsoft had justified this transfer with a ludicrous-sounding deal: It had sold its most valuable possession — its intellectual property — to an 85-person factory it owned in a small Puerto Rican city.”
https://www.propublica.org/article/the-irs-decided-to-get-tough-against-microsoft-microsoft-got-tougher

JULY 22, 2012 Super rich hold $32 trillion in offshore havens
https://www.reuters.com/article/us-offshore-wealth-idUSBRE86L03U20120722

Today is the Deadline day for the SEC to appeal Grayscale’s court win to convert its trust into a Bitcoin ETF. If the SEC does not appeal, it will have to approve Grayscale’s Bitcoin ETF bid if it can’t find new reasons to delay or deny.

@NerdNationUnbox
https://twitter.com/NerdNationUnbox/status/1712593721470910837
From the “SECRETARY OF STATE” website. When speaking about crypto the 2 always mentioned are #BTC and #ETH except when you’re trying to trash the industry, then you mention “Ripple”.
The Secretary of State is Anthony Blinken… his father cofounded Warburg Pincus who is 1 of 2 investors in #Genesis how bizarre.
Warburg Guess who is CEO of CoinDesk? Kevin Worth…ex Warburg Pincus
Warburg Pincus linked to Alibaba
Warburg is also an Ant Group (Alibaba) investor from 2018.

Writing “Convinced with money” feels so much less controversial and conspiratorial than “bribed”. We all agree that politicians can be convinced with money, but bribed? No, that’s a ridiculous claim!
Look at this! Did Lubin also convince Andrew Cuomo with money?! Lubin was in the New York Digital Currency task force! Which recently delisted xrp.

RIGHT WING The Epoch Times is now the 4th-most subscribed to newspaper in America. Its revenue grew 685% in two years to $122 mill.
The paper is run by Falun Gong, a Chinese religious sect, and claims Jan. 6 and climate change are hoaxes.
Brainwashing propaganda of American citizens by a Chinese religious group.
https://www.theguardian.com/us-news/2021/apr/30/falun-gong-media-epoch-times-democrats-chinese-communists
It’s a Falun Gong influence op:
The principal goal of Epoch Times…is not to generate profit, he says, but to mount a long and broad “influence operation”. And the goal of that influence operation, in turn, is “to foment anti-CCP sentiment”.