Scott B retweeted
I’m convinced that intelligence is overrated.
Intelligent people are more likely to overthink, overplan, and overanalyze. They hide behind motion that doesn't create progress. They fear the judgment of others if they're proven wrong.
The truth is that intelligence is abundant. Especially now. AI is making it a commodity. Courage is not. And it can’t be replaced. The people you admire are the ones who had the courage to act. They aren’t more talented than you. They aren’t smarter than you. They just took action when you didn’t.
I often wonder how many extraordinary people wasted their entire lives waiting for permission that never came. Permission isn't granted. Permission is taken. You get to tap yourself in whenever you want. You can just do things.
Courage beats intelligence. Remember that.
Scott B retweeted
The average person switches careers at 39
The average new entrepreneur is 42
The average 1st time millionaire is 49
You get your creative 2nd wind between 45-55
You are not behind, you are in the sweet spot
Scott B retweeted
What happens when you die:
They divide up your shit.
They summarize your life in 500-1000 words.
People who knew you less say sorry to people who knew you more.
Everyone eats, drives home, and wakes up the next day and goes to work.
Whatever you’re worried about won’t be in those 500 words.
You can dare greatly or not at all, but you’re gonna die either way.
Might as well squeeze every motherfucking drop out.
Scott B retweeted
The older I get, the more I realize that one of the most attractive traits is genuine enthusiasm. It's energizing to spend time around people who show real excitement for life. For people, ideas, and tiny moments. It takes courage to care so openly. Enthusiasm is contagious.
Scott B retweeted
Why it doesn’t make sense for poker tournaments to be taxed:
Collectively, the only revenue being generated is by the house.
They win, but collectively there is no income for players.
Example:
100 players put up $1000 and an extra $100 for the house.
15 of those 100 players will show a profit that day, but the sum total of the 100 players is a loss.
If winners and losers all filed their taxes appropriately for that event, the government earns nothing from the players and is just buried in unnecessary paperwork.
The house earning revenue should pay their fair share of taxes, of course, but taxing a group of people that are net losing money isn’t right.
If you are taxing the house and the winning players, you are just double dipping.
Scott B retweeted
On Monday I’m introducing the FAIR BET Act, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, to permanently restore the 100% loss deduction from gambling winnings.
I welcome all other members to join this common sense fix.
Scott B retweeted
The cruelest injustice perpetrated upon U.S. citizens by its own government is related to gambling winnings—IRS policies around the absurd misconception winnings are “income.” Often, players don’t have the money at the end of the night they won the jackpot (or the jackpot was recovering a portion of losses). Gambling wins should not be taxed at all. The IRS isn’t risking anything, they shouldn’t get a cut of jackpots.
Scott B retweeted
“In one of the most notable moments in sports history, Kenyan runner Abel Mutai was just a few feet from the finish line, but became confused with the signage and stopped thinking he had completed the race.
A Spanish athlete, Ivan Fernandez, was right behind him, and after realizing what was happening, he started shouting at the Kenyan for him to continue running; but Mutai didn't understand his Spanish.
Fernandez eventually caught up to him and instead of passing him, he pushed him to victory.
A journalist asked Ivan, "Why did you do that?"
Ivan replied, “My dream is that someday we can have a kind of community life where we push and help each other to win.” The journalist insisted “But why did you let the Kenyan win?" Ivan replied, "I didn't let him win, he was going to win.” The journalist insisted again, “But you could have won!”Ivan looked at him & replied, “But what would be the merit of my victory? What would be the honor of that medal?
What would my Mom think of that?”
Values are transmitted from generation to generation.
What values are we teaching our children?
Let us not teach our kids the wrong ways to WIN.”
Calltoactivism
