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and

I'm literally running for Congress in support of the #WealthTax, so yeah. And that includes crypto and NFTs 😄 We see things differently. Now about all those other insiders trading...

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@Jennife58729057

Feb 22, 2022

Replying to @11thJeff @elonmusk and @JohnnaCrider1

If vanity fair says so, it must be true. After all, no media source would ever manipulate the truth to support their narrative. BTW, would you like to be taxed yearly on your unrealized gains? If a billionaire only takes profits every so many years that’s when they pay taxes.

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Confused about the difference between capital gains taxes and #WealthTax ? Or trying to get off the subject of #Insider trading, massive sell-offs that could draw SEC scrutiny?

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8675309

@Jennife58729057

Feb 22, 2022

Replying to @Jennife58729057 @11thJeff and 2 others

Again, if you were to take profits once every so many years that is when you would be obligated to pay taxes. It’s absolutely absurd to tax unrealized gains regardless of the financial status of the investor.

Replying to

and

Wealth tax. Taxing the assets of the wealthy absent a transaction. Regarding “insider trading”, many companies offer stock options to employees, so what you’re implying is that if they sell it’s insider trading and if they don’t they should be taxed on their unrealized gains.

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I agree it is a timing hazard, but not insider trading. I think the SECs efforts would be better spent tackling short selling. Not only does short selling hurt investors, it suppresses the growth and success of businesses. Which in turn hurts our economy.

Replying to

and

Short selling is legal, exposes fraud. No problem with short sellers, so long as they actually borrow real shares to do it (not naked shorting). Note how the last Bitcoin bubble normalized right after CBOE futures allowed investors to take a negative position for the first time.

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and

If a person sold any other asset that didn’t belong to them it is illegal. Just because short selling is legal doesn’t mean it should be. Again, it hinders the growth and success of companies and hurts investors. It’s sole purpose is to benefit the wealthy.

Replying to

and

It seems you don't understand what short selling is. Not surprised; lots of bad info floating around there, particularly in enthusiastic crypto spaces. When a short seller borrows a stock, they're liable to return it. It does in fact belong to them for that shorting period.

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and

I understand how it works, I also understand the damage it does to the businesses being shorted and their investors just as much as you understand that and how stock options work. That being said, who are you running for Congress to serve?

Replying to

and

Short interest in tesla is down to a meagre 2.89% as of 1/31. Lonny can cry about shorts all he wants, but they're not to blame for his poor positioning this quarter. Longs, including prominent insiders, are pulling out. Wish *I* was short, but I'm not🤷‍♂️

marketbeat.com

TSLA Short Interest Ratio and Volume (Tesla) $TSLA

Are hedge funds shorting Tesla (NASDAQ:TSLA) stock? View the latest TSLA short interest ratio, short volume, and more at MarketBeat.

Replying to

and

I wasn’t referring to Tesla or any other specific companies short interest. There’s plenty of profitable no or low debt companies with much higher short interest. My point is just because something is legal doesn’t mean it’s moral, ethical, or victimless.

Replying to

and

Short selling is moral, ethical, and necessary to accurate price discovery in financial markets. Losing money because you buy an over-valued asset is a real risk you must accept. If not, markets distort. Short selling a house, slightly different; we can address that another time

6:46 PM · Feb 22, 2022

Replying to

and

If it worked that way I’d agree with you. The current situation for many companies with high short interest is their stock prices trading well below their companies valuations. Looks more like a legal form of market manipulation.

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For regular investors it does work that way. Naked shorting is a different matter that bears re-examination at the market-maker level. Important to make that distinction. If the seller borrows real shares and sells them, that is fair game, and comes with great risk to the seller.

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