Nassim Nicholas Taleb

@nntaleb ↗

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Last Checked June 30, 2022

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Fri Jun 10 13:53:15 +0000 2022

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Nassim Nicholas Taleb @nntaleb

2) Paradoxically it is when markets pull back that governments cash in, as sales cause the realization of cap. gains. When an asset goes from 0 to 3 Trillion back to 0, as wih cryptos, government gains. Taxes are asymmetric: capital losses generate a credit ag. future taxes. — PolitiTweet.org

Posted June 10, 2022

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Nassim Nicholas Taleb @nntaleb

MONETARY POLICY & Hidden Gains 2022 saw a boost in tax revenues. How? Since 2008, Low rates caused >100 T of asset inflation HENCE unrealized gains. That represents ~10-30 T of future Capital Gain Taxes, vastly more than the corresponding deficit! [Finance is Hard] 1/n — PolitiTweet.org

Posted June 10, 2022

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Nassim Nicholas Taleb @nntaleb

@RichardDNagel Deficits are down 70% in 2022 — PolitiTweet.org

Posted June 10, 2022