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That giant redwood you could drive your car through
The Buddhas of Bamiyan
The old man of the mountain too
Magnificent Palmyra
The docker's umbrella
Things of beauty
Sent off to landmark heaven
Wether
Time or vandals or poor public planning
They are all now gone
No more time they'll be spanning
As the recycle rate
Kicks on with new pace
Enjoy the things that you love
Before they're erased.
Your tenor can't quite
     land pitch right. Feckless warbles.
The songbirds' been choked.—
(It’s that vernal, infernal, tax season. How about a tax avoidance vignette? It’s poetic—in it’s own way)

Some students at a table near us in the dining hall were discussing America’s financial inequities. One guy was saying that we ought to “tax the crap” out of billionaires and their billions—and there was agreement all around—the consensus was downright mob-like.

I had to chuckle though, because these guys have no idea how wealth is managed in the world today. I bet, for instance, they think Musk has 200 billion dollars in his basement somewhere, but no, Musk’s 200 billion is his ‘net worth,’ the theoretical value of his stock portfolio (or his unrealized assets).

Just between us chickens, I’m related to a few ‘filthy rich’ people, (no, NOT my parents) and I’ve met many others and I can assure you, dear reader, that the ‘filthy rich’ have nothing you can tax. Now, I’m not a finance major. Everything I know, I learned from my Grandmère and my parents who thought a girl ought to know about money. So anyway, just for fun, here’s a quick (I’m condensing and simplifying), lesson on how taxation and wealth work in 2025.

The wealth of the rich lies in their assets—the value of companies they own or stocks they’ve invested in. Those “paper assets” can only be taxed when they’re sold—or, in tax terms, when their intrinsic value is “realized.”

Now instead of selling off (taxable) assets to live, the superrich use those assets as collateral for “securities backed loans” which are nontaxable. Elon Musk, for instance, takes no salary. He uses his ($94 billion) Tesla stock as collateral for loans he uses to fund his lavish lifestyle and provide ready cash as needed.

Mark Zuckerberg, Larry Ellison, Warren Buffett and Jeff Bezos—to name a few billionaires we all know of, take little or no salary—their compensation comes in the form of untaxable stock options they can leverage.

If you think this can’t go on forever, you’re wrong. Even when these billionaires die, the value of assets gained during their lifetimes are immune to taxation. At that point, some assets can be sold by heirs to pay off the outstanding loans, again, without worrying about taxes.

TA DAAAA. Now you know how the rich do it. How they avoid taxes in both life and death, and manage to leave massive fortunes to their heirs.
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Songs for this:
Done Changed My Way of Living by Taj Mahal
Run On by Elvis Presley
BLT Merriam Webster word of the day challenge 03/20/25:
Vernal = something that occurs in the spring


P.S.
If you snarl, “Well, that’s unfair, we need to stop this pilfering and tax unrealized assets!
Well, he Biden administration proposed just that: proposing households with over $100 million in wealth, face an annual tax of up to 20% on the appreciation of assets. But the republicans killed it, and even if such a policy had passed, it’s quite possible that the Supreme Court would have ruled it unconstitutional.
When it came to love
I had no real plan
I know I wanted to connect in an intimate way
with experimentation and playfulness

I was short on experience
there was a pandemic
I’d had few ‘at-bats’
that’s a sports metaphor

Much of it seemed surreal and abstract
like we’d entered another realm of everyday places
there was a subtle unpredictability
that was unfiltered, instinctive and unapologetically unhinged

freedom permeated every element
still, our collaboration allowed for honest conversation
I remember asking, “What are we doing?”
Thinking back, It underlined how vastly different our two experiences were
.
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Songs for this:
Overtime (pt 1) by Mk.gee  [E]
Blur by embrs & astralcurrent
BLT Merriam Webster word of the day challenge 03/21/25:
Permeate = to pass or spread through something
I have rituals
for the first day of class
like a superstitious athlete
they get me into a good frame of mind
where I feel like a juggernaut who has total agency
and doesn’t need to seek validation
It’s a moment in time

I have all my books—stacked on my desk
they look serious—very nuts and bolts
I’ve beaten the syllabuses to death
to try to figure out where my power lies
learning is all energy, it’s a marathon
it’s hard to sustain that for the entire semester
so not switching off, now and then, is unrealistic

Still, I’m comfy in in a classroom (I’m a senior)
Good students are just a little weird.
I say hello to the moon so she won’t feel alone
I say ‘cheers,” before taking a shot of mouthwash.
If I lose my ID, my lucky pencil or something, I call out, “treasure hunt!”
When treating everyone to grubHub I ask, ‘the usual?’ When we’re done I ask, ‘how was everything this evening?’
If I see a random girl looking fabulous, I tell her, because if I get complimented, I think about it for a week.
.
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A song for this:
Thetan by Single Gun Theory
BLT Merriam Webster word of the day challenge 03/19/25:
Juggernaut = something unstoppable
a glimpse of sunshine,
that prevails power
from darkness to light.
22/3/2025
Last Eid I became very sick,
And was admitted in ICU,
My son and daughter-in-law were there for me hands on,
After my release my son took me to their home,
And  as I got better I offered to help around the house,
My daughter-in-law just smiled and said,
For now for us is most important is you
BREATHE and relax,
You really scared us.
23/3/2025.
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