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Zach Cooper

@new_keynes_ontheblock

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Polymath trying to end the gross income inequality created by the digital crack/ BigTech industry before 6 billion ppl fight AI 4 water 🇺🇸 FAFQoLstatz

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Now that the #AI trade is obviously cooked, it's time to turn back to a reliable trade, the municipal bond. Tax free interest dividends earned from investing directly into the growth and prosperity of local governments instead of the growth and prosperity of pedophiles islands.

Talk to your investment advisor and see how you can get out of Mag7 and AI stocks before they collapse. by @new_keynes_ontheblock

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3 days ago

The old "American Dream" costs roughly $5,320,133 USD in 2026 (obviously the new American Dream for 80% of the country is just surviving the AI takeover brought to you by circular financing and token maxing aka Enron times 1,000,000).

Based on payroll data, the average American earns $37.81/hr, so the American Dream only takes 140,707 hours to earn or approximately 70.35 years working a socially promised 40hr work week... With a 2 family income it can be accomplished in just over 35 years which is still more than double the amount of time it took Boomers to buy the American Dream before they became billionaire 🦆 🙂‍↕️ s and the "richest" robber barron generation in American history.

The only person that can make this math work is the great Pokemon Master, Ash Ketchum, who at the age of 10 has over 30 years work experience. Most Americans however have been priced out of affording basic #QoL because #BigTech raided everyone's 401k plans to pay for their 24/7 corporate monitoring systems inspired by #1984 and the #digitalcrack of online advertising inspired by Brave New World.

This is why Nvidia's CEO is so focused on killing #quantum in its infancy and getting kids to rely on AI for 99% of critical thinking. The math isn't mathing and the less people that ask questions, the more likely these authoritarian, tyrants can hoard the wealth of American laborers and remain in charge of their digital drug cartels.

And the fact that over 30 cents of every dollar invested in the average 401k plan is directly tied to the digital drug trade obviously makes it more difficult to regulate by politicians... Sad no one called this back when Glass-Steagall was passed 🦥 by @new_keynes_ontheblock

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4 days ago

The fundamental mathematical proof against #Boomernomics fear mongering of The Social Security Trust 75 year projected budget (simplified)...

Side note: an unfortunate ripple effect of this has been a push to get 401k plans that are heavily focused on the DJIA and #AI / #BigTech hype (illegal monopolies/cartels) that destroyed #QoL for over 60% of Americans over that past 40 +/- years

Could've picked up a history book to know how that one was gonna end. A simpler solution is a gradual raise in retirement age similar to the #COLA (cost of living adjustment) concept that would go up as medical advancements increase average lifespan instead of crying wolf. by @new_keynes_ontheblock

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10 days ago

A common miscommunication in political economics is the nilly willy use of real vs nominal value of a dollar. When talking about the social security trust balance, politicians reframe data to fit the narrative "if you don't vote for me, Social Security will be gone by the time you retire", but in reality most of the shocks around social security trust balances are from WWII (aka legacy debt), the mass migration of factory jobs to other countries (political oversight) and the 2008 market crash (economic mishap easily avoided without Glass Steagall). While the data is not in my research paper yet, I'm sure COVID will present another labor shock that impacts the Social Security trust.

The Run on the Bank issue is that the trust has no real threat of going defunct. The gag is a psychological trick of framing data as a systematic issue when the reality is the trust only suffered due to macro economic labor shocks. First, a post WWII accounting error (switching the fund bucket for solider life insurance payouts after a gridlock fund cap for the #DOW) and in years where shareholder profit was placed over labor security and #American #QoL (often by the same politicians championing to "fix" social security). 1st and 2nd derivative analysis of the trust balance in real and nominal values shows relative normality outside of political interference in the #laboreconomy resulting in unfavorable treatment of everyday Americans for the benefit of continued #CEO greed.

This election cycle don't fall prey to The Run on the Bank of Social Security by @new_keynes_ontheblock

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20 days ago

Growing up in the USA, children are taught they need their monthly take home pay to be 3x their rent. In #philly the average rent for a 1 BR apartment is $1,500, 3x that is $4,500, assuming a very low tax rate of 23%, a 12 month salary should be just above $70,000 or $35/hr or nearly double the average wage earned in the city.

Our fundamental cost of living structure has been ripped apart so Wall Street backed AI firms could suck $100 trillion out of the American economy forcing Americans to work 60-80hrs/week just to fund these ego projects of corrupt CEOs that provide $0 economic benefit to the country. by @new_keynes_ontheblock

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a month ago

Something accountants have realized about #ai over the past 30-40 years: it is not here to help or assist people, it is being used to erase communities and force a singular, centralized, corporate ownership of human #data.

For example, the rough number of tax accountants that turbo tax and hr block displaced, replaced, or made obsolete while providing $0 economic gain outside of the data sales "industry" last year. Roughly a quarter million community stabilizing jobs have been vanquished by just 2 companies. And this doesn't include the ripple effects of the decline in average wage accountants earn or the loss of year round face to face advice accountants give to small businesses, struggling families and community organizations that help other professionals grow their practices.

In an effort to save pennies on personal tax filings and in belief of this benevolent AI theory, Americans inadvertently displaced 1/4 million professionals and sabotaged the 10s of millions of other professionals that rely on accountants to grow their businesses.

Local officials could easily stop this trend by taxing out of state #AI that is being used to directly substitute professionals, but most governments are receiving some sort of kickback from these companies to make the short term costs negligible and results in administrations kicking the responsibility down the line to the next elected official.

Math: total returns filed by techoverlords divided by rough number of returns a single Professional files minus total people gainfully employed by TT & HRB (not including seasonal employees who are higher at low skilled labor rates). by @new_keynes_ontheblock

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2 months ago

Starting higher education as the youngest of five from a not so affluent family after the '08 crash was one of the hardest things I went through. Far worse than a marathon and a half in a single weekend and Army BCT combined. With back and forth issues between finance and guidance counselors telling me things like my grandfather's sudden death is the same excuse as my dog eating my homework, I was lucky to walk out of Temple University alive.

I brushed myself off with a slightly higher than minimum GPA, opened a tax practice in Philly to help the working class, earned the Enrolled Agent designation from the IRS and finally during COVID went back to school to get a degree in one of the few subjects harder than accounting, economics, with a GPA just over 3.40.

It was a great experience to continue my education and expand the services I offer in my practice. Nice to have some new decor for my eight point buck. Glad to study the Social Security legacy debt and how it impacts liquidity projections for the trust in an academic setting. And especially happy to attend a university with a support staff a million times better than the dementors at Temple University's Fox School of Business 🪄 by @new_keynes_ontheblock

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2 months ago

After a couple weeks of homeless stoves and washing socks in trash cans, it feels good to be back home with the best dog MREs can afford by @new_keynes_ontheblock

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2 months ago

Continuing the series of historic taxes disproportionately levied on the working class that led to civil unrest, rebellion or absolute urban decay. Part 3 of as many as it takes until self-employed and freelance individuals are fully exempt from the dual mandate of BIRT & NPT or Mayor Parker and the rest of the city council resign for taxing the working class into forced poverty.

Over the course of history, what people remember from revolutions are the deaths, bloody battles, and stories of the victors. What is talked about less often are the tax policies that led to revolution. For this post I focus on the events that lead up to 1790s France and the taxing policy that caused the French Revolution.

France had a three-estate system: The Clergy, The Nobility, and the commoners (95% of the population). The first estate, The Clergy, were exempt from taxes. In Philadelphia today we have the same exemption to religious organizations, but that exemption has also been passed to universities and hospitals. This group of people collect massive amounts of wealth (tithes for the religious groups, tuition and grants for universities, and premiums, copays, and insurance payments for hospitals). Today massive amounts of funds pass through these entities every year, but for all intents and purposes they remain tax exempt.

The French Nobility were also exempt from paying direct taxes through privileges and royal favor. The same thing happens today where large corporations like Walmart, Amazon, Meta, Alphabet, and Tesla earn billions of dollars a year from the people in Philadelphia, but through special agreements and tax sheltered systems they pay very little tax to the city. For example, a company that is domesticated in a state like Texas does NOT pay income taxes at all. They might have to pay the city’s gross receipt tax of 0.141%, but otherwise show little to no income generated in the city to avoid the massive BIRT & NPT requirement.

The last groups, the commoners, made up over 95% of France’s populations. They carried the entire tax burden of the kingdom. Don't be like France, @cityofphiladelphia, stop taxing small businesses to death. #philly #mayor #outofoffice by @new_keynes_ontheblock

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5 months ago

To put two misconceptions to rest
1. Social security as a system is not defunct. Payroll taxes (FICA) align perfectly with Social Security outlays. The retirement portion will only disappear if the USA does not exist. In the past other departments of the federal government have taken IOUs from the Social Security Trust and it's also burdened with legacy debt which amounts to well over $10 trillion. Politicians used these figures to frame Social Security as going defunct to manipulate voters and win elections with a "I can fix it" campaign for something that doesn't need (major) fixing (a long term adjustment to retirement age should still be considered given the upward trend in life expectancy since Social Security was started). The major issue concerning social security is medicare which is the result of broader health care industry issues that have nothing to do with the social security system.

2. We actually spend very little on National Defense. When the country was founded the only obligation intended for the Federal government was broad state oversight and national defense. Today the government spends less than 3% of the annual budget on National Defense. I know feeding thousands of soldiers steak and lobsters sounds extravagant, but it's no where near as costly as the money printed to "save big banks" or "spur innovation in the tech war against China" both of which led to major monopolization of industry and have cost Americans more than we've gained. The truth is most soldiers in the military don't make much on an hourly basis given the near 24/7 requirement, most facilities are outdated and units are expected to get by on a bare bones budget. This isn't a push to expand the military, but just to say that less than 3% of the federal budget going to something that 250 years ago was the main job for the federal government is not too much money.

Healthcare reform, congressional discretionary funding (Pelosi stock boosters), and the corporate tax to hoarded wealth ratio are the real underlying issues facing our country, but until people address these first 2 myths, we will remain divided and easily conquered by the politicians and lobbyists in DC. by @new_keynes_ontheblock

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5 months ago

Continuing the series of historic taxes disproportionately levied on the working class that led to civil unrest, rebellion or absolute urban decay (part 2 of as many as it takes until self-employed and freelance individuals are fully exempt from the dual mandate of BIRT & NPT).

The Byzantine Empire: This is one of the longest lasting empires in written history, so I’ll cherry pick a few good taxes from emperors during that time and revisit some of their laws in depth if the city continues to drag its feet on this antiquated BIRT requirement for working class individuals that don't even file a Federal Business Return.

“The unfavourable economic situation of large part of the population in late antiquity was to some extent connected with the taxation system” (Hunger, 205). One of the taxes that was considered unfavorable was the “chrysargyron” which was a tax for generations that had been a burden for small business owners and craftspeople. However, around the year 500, Emperor Anastasios I did recognize the detrimental impacts of the tax and abolished it. The empire went on to last another ~ 950 years.

Another issue faced by the Byzantium taxing system was “exkuseia” which were “fiscal and judicial immunities that the imperial government often granted, especially to monasteries” (Charanis, 419). Not dissimilar to the city’s preferential tax treatment toward universities, hospitals and most recently venture capital backed real estate developers looking for 10-year tax abatements. The exkuseia were noted to weaken the central government and give rise to wealth inequality between the working class and the lay aristocracy. That paired with the shift from peasant farmers to aristocratic feudalism ultimately destroyed the taxable base for the Byzantine Empire in the 10th – 12th centuries. The loss of a strong working class coupled with pressure from foreign invaders started a downward trend toward the end of the empire in 1453.

The ask is simple: individuals that file a Schedule C on their INDIVIDUAL 1040 and DO NOT file a Federal Business Return should be fully exempt from the #Philly Business Income and Receipts Tax (BIRT) by @new_keynes_ontheblock

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6 months ago

Other historic taxes disproportionately levied on the working class that led to civil unrest, rebellion or to absolute urban decay (part 1 of as many as it takes until the BIRT law is reversed and self employed individuals are fully exempt from the dual mandate of BIRT & NPT)

Whiskey Tax (1791): Alexander Hamilton’s tax on distilled spirits disproportionately affected working-class farmers in Western Pennsylvania, leading to the Whiskey Rebellion. The Whiskey Insurrection was a violent tax protest in the United States beginning in 1791 and ending in 1794 during the presidency of George Washington. Washington needed to mobilize local militias into PA resulting in several deaths and 150 captured or arrested to squash the rebellion.

Something like doubling the income tax specifically on the working class, self-employed individuals in a city that already has huge income disparities while large corporations get away with paying 3.74% compared to the 11.734% the working class had to pay this year can result in rebellion. Small business owners, freelancers and especially people working on a 1099-NEC should NOT have to pay more than the wage rate (3.74%) to fund property tax abatements.

@phillyinquirer
@cityofphiladelphia

You're eating the poor to feed the rich. by @new_keynes_ontheblock

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6 months ago