The Tax Nerd Who Bet His Life Savings Against DOGE
1–10 of 20 posts
Re: The Tax Nerd Who Bet His Life Savings Against DOGE
#2Still gambling.
Re: The Tax Nerd Who Bet His Life Savings Against DOGE
#3Story here: https://www.mediaite.com/politics/conservative-economist-sco...
Archive.is gives server error on the wsj url.
TLDR: Musk fans bet that DOGE would cut government spending so the guy bet against them. He ended up betting around $342K (his liquid assets, not what most of us would call life savings) and hedged some of it later. Eventual result was he gained $128K.
Re: The Tax Nerd Who Bet His Life Savings Against DOGE
#4Still gambling.
So?
Re: The Tax Nerd Who Bet His Life Savings Against DOGE
#5Story here: https://www.mediaite.com/politics/conservative-economist-sco... Archive.is gives server error on the wsj url. TLDR: Musk fans bet that DOGE would cut government spending so the guy bet against them. He ended up betting around $342K (his liquid assets, not what most of us would call life savings) and hedged some of it later. Eventual result was he gained $128K.
that doesnt seem like super great returns
Re: The Tax Nerd Who Bet His Life Savings Against DOGE
#6Story here: https://www.mediaite.com/politics/conservative-economist-sco... Archive.is gives server error on the wsj url. TLDR: Musk fans bet that DOGE would cut government spending so the guy bet against them. He ended up betting around $342K (his liquid assets, not what most of us would call life savings) and hedged some of it later. Eventual result was he gained $128K.
that doesnt seem like super great returns
It ain't much, but it's honest work.
Re: The Tax Nerd Who Bet His Life Savings Against DOGE
#7Still gambling.
So?
The effects of gambling aren’t good. Been to a casino? They’re sad places. It should be illegal the same way heroin and fentanyl is. Lots of ppl use opiates, and most don’t end up ruining their lives and that of their families. But there’s quite a few who do, and those folks end up on the street, families break up, and you get a lot of petty crime, squalor, and health problems that your community ends up paying for one way or another. All to make some asshole getting paid from addicting people rich.
Re: The Tax Nerd Who Bet His Life Savings Against DOGE
#8Story here: https://www.mediaite.com/politics/conservative-economist-sco... Archive.is gives server error on the wsj url. TLDR: Musk fans bet that DOGE would cut government spending so the guy bet against them. He ended up betting around $342K (his liquid assets, not what most of us would call life savings) and hedged some of it later. Eventual result was he gained $128K.
that doesnt seem like super great returns
~40% in a few months is epic
Re: The Tax Nerd Who Bet His Life Savings Against DOGE
#9Story here: https://www.mediaite.com/politics/conservative-economist-sco... Archive.is gives server error on the wsj url. TLDR: Musk fans bet that DOGE would cut government spending so the guy bet against them. He ended up betting around $342K (his liquid assets, not what most of us would call life savings) and hedged some of it later. Eventual result was he gained $128K.
I mean that was kind of obvious, but I wouldn't know how to bet against that. Defense wasn't going to get cut. Cutting social security and friends is incredibly unlikely. Debt interest is impossible to cut. DOGE believed in cutting outside of that, and that's practically impossible.
PS: After reading the article, is assertion is a bit stronger then that, but still very likely. Good bet.
Re: The Tax Nerd Who Bet His Life Savings Against DOGE
#10Still gambling.
Literally any place you put your money is gambling. Its impossible not to gamble if you have money.