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Tim O'Brien Profile picture
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7 Jun, 5 tweets, 1 min read
Serial bankruptcy artist and scamster weighs in on Bitcoin.
If somebody from Russia walked into Mar-a-Lago with a bag of cash and a proposal to create and market a Trumpcoin, Trump would pounce on it in seconds.
And there it is: coinmarketcap.com/currencies/tru…
Someone else beat him to it.

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More from @TimOBrien

Tim O'Brien Profile picture
7 Jun
US investigators have recovered millions of dollars in cryptocurrency paid in ransom to hackers whose attack prompted the shutdown of the Colonial Pipeline last month.

Maybe cryptocurrencies aren't as untraceable as we thought. cnn.com/2021/06/07/pol…
"In some cases, US officials can find the ransomware operators and "own" their network within hours of an attack, one of the sources explained, noting that allows relevant agencies to monitor the actor's communications and potentially identify additional key players."
Colonial Pipeline paid its ransom in cryptocurrency. There's a reason for that: bloomberg.com/opinion/articl…
Read 4 tweets
Tim O'Brien Profile picture
18 May
1/x: No, it really didn’t @ggreenwald. It informed a minor subset of reporting around Trump and Russia, but was hardly the crux — even conceding errant and/or misguided reporting associated with it.

You want the Steele dossier to be the Rosetta Stone of Trump-Russia reporting…
2/x:…because it gives you a convenient excuse for all of reason the knee-jerk apologias you kept pushing about Russia during all of this. But there was plenty of important history, hardcore facts and intersections between Trump and Russia quite apart from the Steele dossier…
3/x…that made that line of reporting necessary and valuable — even though you were either willfully ignorant about it, or just simply ignorant about it.

So if you want to go down the Trump-Russia road, raise your game and stop leaning on the Steele dossier as a crutch.
Read 6 tweets
Tim O'Brien Profile picture
26 Apr
Critics of Biden’s capital gains tax hike have been relying on voodoo instead of facts. It’s almost like invoking hamburger shortages. bloomberg.com/opinion/articl…
The wealthiest 1% of Americans reported about 75% of all long-term capital gains in 2019, according to the Tax Policy Center, with the wealthiest 0.1% — the cohort with annual incomes above $3.8 million — hauling in more than half of all capital gains.
The stock market overall has been on a mammoth upward swing since 1987 despite seismic upheavals such as the 2008 financial crisis and the arrival of the Covid-19 pandemic last year. It continued soaring despite capital gains hikes as well.
Read 4 tweets
Tim O'Brien Profile picture
24 Mar
The IRS has spent years underestimating how much income wealthy tax dodgers have masked. The money has been stashed in complex structures, often offshore accounts or private partnerships, shortchanging Uncle Sam by about $175 billion a year. bloomberg.com/opinion/articl…
Researchers zeroed in on the top 1%, top .1% and top .01% of US taxpayers from 2006-2013. In 2013, you were a one-percenter if your AGI was $428,713 or more. You were in the .1% with income of about $1.9 million or more, and .01% if you reported at least $9.5 million.
Analysts found that affluent people were more likely to evade taxes if they could find ways to shelter a lot of money inexpensively. If they couldn’t save a lot of money, they’d pass. If it was expensive to shelter money, they’d pass. But not many are passing, apparently.
Read 4 tweets
Tim O'Brien Profile picture
5 Mar
Senator Sinema having fun voting against a meager minimum wage hike that would benefit workers, businesses and the economy.
Eight Democratic senators voted against the minimum wage: Sinema, Manchin, Tester, Shaheen, Coons, Carper, and King: politico.com/news/2021/03/0…
Read 4 tweets
Tim O'Brien Profile picture
22 Jan
RIP, "Hammerin" Hank Aaron, you amazing man.

"My motto was always to keep swinging. Whether I was in a slump or feeling badly or having trouble off the field, the only thing to do was keep swinging."
Before Hank went to the Braves and was still a segregated player for the Indianapolis Clowns in the Negro League: "I feel this youngster is another Ted Williams in the hitting department."
Just one part of the unrelenting wave of racist screeds and death threats aimed at Hank in 1973, more than a year before he would break Babe Ruth's home run record.
Read 4 tweets

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