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Category Archives: Uncategorized

DUBAI IS FINISHED AS A SAFE TAX HAVEN AND WORLD LUXURY ENCLAVE!

Dubai is finished’: Expats say they will leave and never come back as tax-free dream is shattered by war and officials begin prosecuting people for posting videos of missiles

Expats claim they will leave Dubai and never return as they fear for their lives and see their businesses destroyed while missiles continue to rain down over the United Arab Emirates.

Once a tax-free haven attracting influencers from across the globe and thousands of Brits seeking warm weather and crime free streets, Dubai’s carefully crafted image has been shattered and residents believe it is ‘finished’.

The emirate, home to around 240,000 British expats including Rio and Kate Ferdinand, Luisa Zissman and Petra Ecclestone, has been targeted by constant Iranian missile and drone attacks as the regime strikes US allies in the Middle East.

Dubai has been the target of two thirds of Iran’s missiles and three massive explosions rocked the city on Wednesday morning, with the international airport sustaining damage.

Four people were injured as two drones hit the terminal, while a string of major airlines cancelled all flights to the region for weeks.

Even the world famous Fairmont hotel on Palm Jumeirah was struck by Iran, while employees at western banks including Standard Chartered and Citi evacuated their offices amid threats from the Islamic Republic that they were the next targets of their bombing onslaught.

Four people have been killed so far and tens of thousands of residents and tourists have now fled in the weeks since the conflict began.

And those who remain face prosecution if they post videos of missiles overhead, despite constant phone alerts warning them to stay away from windows and seek shelter.

Once a tax-free haven, Dubai has lost its golden image as Iranian bombs rain down on the city

Once a tax-free haven, Dubai has lost its golden image as Iranian bombs rain down on the city

Dubai's international airport has been attacked on multiple occasions and four people were injured after a strike on Wednesday

Dubai’s international airport has been attacked on multiple occasions and four people were injured after a strike on Wednesday

The emirate is home to around 240,000 British expats including Rio and Kate Ferdinand

The emirate is home to around 240,000 British expats including Rio and Kate Ferdinand

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Dubai does not have vast oil reserves and relies on its expat population, which makes up 90 per cent of the city.

It has launched a desperate public relations campaign, telling people the ‘big booms’ in the sky are ‘the sound of us being safe’ as the UAE air defence system takes action.

But it has done little to quell fears.

‘The shine has definitely been taken off,’ John Trudinger, a British Dubai resident of 16 years, told The Guardian.

The headteacher employs more than 100 teachers from the UK at his Emirati school and claims most are so ‘deeply traumatised and really struggling to cope’ with the war that they have fled and will never return.

Taxi driver Zain Anwar saw his car destroyed in a missile attack and said his family are begging him to return home to Pakistan.

He said: ‘I don’t want to be in Dubai any more, there is no business, we are earning nothing since this war, and I don’t see the tourism coming back.

‘A lot of taxi drivers like me, we are thinking to go to a different country now. Everybody knows that Dubai is finished.’

Iran has continued to pound the city, sending 1,700 projectiles in two weeks, although 90 per cent have been destroyed by air defence systems.

But on Saturday, a drone was caught on video sending up a huge pall of smoke near the airport.

On Thursday morning a high-rise building in Dubai was pictured with a large hole after a drone strike

On Thursday morning a high-rise building in Dubai was pictured with a large hole after a drone strike

Fairmont hotel set ablaze in Dubai by Iran. The truth is that the holidaymakers, and anyone else who can afford to leave, are fleeing for dear life

Fairmont hotel set ablaze in Dubai by Iran. The truth is that the holidaymakers, and anyone else who can afford to leave, are fleeing for dear life

Socialite Petra Ecclestone cried as she described explosions before, describing how 'grateful' she was for 'how much Dubai puts safety first — and how welcomed and safe it has made us feel'

Socialite Petra Ecclestone cried as she described explosions before, describing how ‘grateful’ she was for ‘how much Dubai puts safety first — and how welcomed and safe it has made us feel’

The official Dubai Media Office continued to insist that ‘no incident’ had occurred at the airport as it clamps down on those sharing footage of damage.

Authorities in the UAE have charged 21 people with cyber crimes for circulating videos showing missiles and explosions.

This includes a Brit who filmed missiles passing overhead and immediately deleted the footage when asked.

Content creators posting ‘misinformation’ face jail time and on Tuesday police said those posting anything which contradicts public announcements, ‘causing public panic’ could face two years behind bars and a fine of £40,000.

And Dubai’s influencer army has released a barrage of posts praising its government in suspiciously similar language – amid claims some are being paid to pump out ‘propaganda’.

Content creators with hundreds of thousands of followers between them have responded to Iranian attacks by sharing images of Dubai leader Sheikh Mohammed bin Rashid Al Maktoum alongside the words, ‘I know who protects us’.

The posts begin by asking ‘are you scared?’ before flashing up images of Al Maktoum waving to adoring crowds.

Sceptical social media users have responded by claiming the influencers are being paid by the UAE government, also several have spoken out to deny this.

Online content creators need a licence to operate in Dubai, and its government responded to the outbreak of war by threatening prison against anyone sharing information that ‘results in inciting panic among people’.

The tough stance is believed to have encouraged self-censorship by influencers in the Gulf state, with earlier clips of Iranian drone and missile attacks now swamped by posts lauding the regime.

In the first days of the conflict, the government cracked down on ‘citizen journalists’ reposting genuine footage of the first wave of attacks, which included a drone strike on the five-star Fairmont Hotel on the Palm Jumeirah.

The Dubai Media Office responded within a few hours by claiming that ‘outdated images of past fire incidents’ in Dubai were being spread to stoke fear among the city’s residents.

Among the influencers, Kate Ferdinand previously opened up on relocating to the Middle East where she revealed she was ‘homesick and struggling’.

But she made a dramatic U-turn, boasting about how her kids are ‘learning things they wouldn’t in the UK’.

While Luisa Zissman shared a post mocking scared tourists who’ve escaped Dubai and are ‘making out they’ve come back from the frontlines’.

Influencers in Dubai have been posting identical videos emphasising the safety of the city which have been seen millions of times

Influencers have responded to Iranian attacks by sharing images of Dubai leader Sheikh Mohammed bin Rashid Al Maktoum alongside the words, 'I know who protects us'

Influencers have responded to Iranian attacks by sharing images of Dubai leader Sheikh Mohammed bin Rashid Al Maktoum alongside the words, ‘I know who protects us’

Standard Chartered and Citi evacuated their offices amid threats from the Islamic Republic that they were the next targets of their bombing onslaught

Standard Chartered and Citi evacuated their offices amid threats from the Islamic Republic that they were the next targets of their bombing onslaught

The Apprentice star, 38, relocated to the UAE from the UK in December, and has thrown her support behind the UAE government, even declaring it to be the ‘safest country in the world’ despite waves of suicide drone attacks.

But after dutifully echoing the official line that the war-hit emirate remains open for business, she has slipped back into Britain.

And Petra Ecclestone gushed about Dubai, describing how ‘grateful’ she was for ‘how much Dubai puts safety first — and how welcomed and safe it has made us feel’.

Meanwhile, British influencer Ben Moss admitted he is more worried about being fined or jailed for posting the ‘wrong’ content than he is of the lethal explosives themselves.

The content creator, from Wandsworth, said: ‘I do feel completely safe here because of the UAE air defences, but the laws can sometimes concern me so I always keep everything positive.

‘I’m far more scared of being fined or jailed for posting the wrong content than I am of the Iranian missiles and drones.’

On Thursday morning a high-rise building in Dubai was pictured with a large hole after a drone strike.

A ship was also attacked off the Dubai port of Jebel Ali as Iran continues to force shut the Strait of Hormuz, crippling the world’s economy.

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This entry was posted in Uncategorized on March 12, 2026 by sterlingcooper.

CANADA IS NOW UNAFFORDABLE FOR HOME BUYERS AND CANADA’S SUPREME COURT HAS THROWN OPEN THE GATES TO EVERY ILLEGAL ALIEN TO QUALIFY FOR MEDICAL AND OTHER BENEFITS! LET’S SEND OUR ILLEGALS TO CANADA!

Canada is in crisis mode, and thanks to their Supreme Court, it’s about to get a helluva lot worse.

First, here are just a couple of major issues Canada’s dealing with:

Housing prices have exploded. Their home prices are soaring, while their wages are dropping.

INSANITY: Canada now ranks #2 in the WORLD for worst home price-to-income ratio‼️

📊 According to Statista, the average Canadian home costs over 9x the average household income — worse than the US, UK, Australia, Germany, and Japan.

💥 This is unsustainable.

🚨 HOUSING INSANITY: Canada now ranks #2 in the WORLD for worst home price-to-income ratio‼️ 📊 According to Statista, the average Canadian home costs over 9x the average household income — worse than the US, UK, Australia, Germany, and Japan. 💥 This is unsustainable. pic.twitter.com/gK5OPXyz4X — Market Mania 🏴‍☠️ (@MarketManiaCa) August 1, 2025

Waiting times for medical care stretch months, sometimes longer. And if you have an emergency, you could still be waiting 15 hours or more, like this poor woman with an appendix about to burst.

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A woman in Canada with a swollen appendix heads to the ER — the board shows a 15+ hour wait. She’s already been there 3 hours. That’s 18 hours total. Welcome to Canada’s “universal healthcare.”pic.twitter.com/tvjTeqWKMR — Brandon Straka #WalkAway (@BrandonStraka) March 3, 2026

Across the country, many Canadians are wondering how much more pressure their country can take before it finally crumbles. You can’t blame them. It’s a mess.

Which brings us to Canada’s latest Supreme Court ruling. Now things are really reaching “code red” status.

In a decision that could literally cause massive financial consequences, the Supreme Court of Canada ruled that Quebec cannot exclude asylum seekers from taxpayer-subsidized daycare.

Now, when many people look at this, they think, “Oh, how humane and lovely.” But no, there’s much more to the story. It’s way bigger than daycare.

With this ruling, the high court stretched the definition of discrimination so far that it could now force Canadian governments to open up even more taxpayer-funded benefits to people who just arrived in the country, without a pot to piss in.

And for a country already in crisis mode, barely managing to maintain housing supply, medical capacity, and a slew of other public services, that possibility is like a blaring alarm bell ringing at warp speed.

To really understand why this ruling is causing so much concern, you have to look at how the court framed everything.

It all started when Quebec decided to limit access to its subsidized daycare system. The program is heavily funded by taxpayers and was supposed to be for residents of the province.

But the Supreme Court ruled that excluding asylum seekers from that system counts as “discrimination,” particularly against mothers. So, the court just decided the policy had unequal effects, even though it was never written to target women.

Many experts say the decision lowers the bar to an absurd level. Now everybody and their brother will be suing to get access to government programs.

Here’s how one legal observer described the implications:

The Supreme Court found 8-1 that Quebec’s decision to exclude asylum seekers from taxpayer subsidized daycare discriminates against mothers. The CCF intervened to try to clarify the kinds of evidence that can be used in discrimination cases. More to come.

The majority decision here is stunning. One need not prove that a distinction between groups is arbitrary to prove discrimination. Almost any evidence of a distinction will do. Intersectionality is to be considered. Only certain groups can face discrimination.

Today’s SCC decision finding it’s discriminatory to exclude asylum seekers from subsidized daycare has huge financial implications. Taxpayers may now need to fund anyone who enters Canada and claims asylum equally in housing, health too, unless gov’ts use notwithstanding clause.

The Supreme Court found 8-1 that Quebec’s decision to exclude asylum seekers from taxpayer subsidized daycare discriminates against mothers. The CCF intervened to try to clarify the kinds of evidence that can be used in discrimination cases. More to come.https://t.co/Y4aANXSEfz — Josh Dehaas (@JoshDehaas) March 6, 2026

As you can imagine, the reaction to the ruling has been fast and furious.

For people who see this as a complete disaster, the concern isn’t just about immigration policy. It’s the same issue we’re having in the US, where courts are reshaping politics through sketchy legal moves, not public debate and voting.

Critics believe decisions like this transfer control over major spending questions from elected officials to judges, and that’s not how it should be. Sadly, Americans know how this works firsthand.

This shift will have huge implications on how Canada manages immigration, welfare programs, and public spending.

One angry reaction summed up the fears many Canadians have.

Canada’s Supreme Court has confirmed that the welfare system in Canada must be thrown open to the entire Third World.

We are governed by insane ideologues who wish to force us, a nation of 40 million, to offer unlimited resources and funding to all and any of the billions of Third Worlders who might happen to land upon our shores.

Of course, if Canada is the place where a Third Worlder with no skills, no intelligence, and no ability to be productive can, upon arrival, get free housing, daycare, and funding for groceries and other living expenses, we should expect that the word would spread like wildfire and soon all of their cousins and spouses (but I repeat myself) would come flooding in.

This decision is just one more proof that the people governing us seek our utter destruction.

Let that sink in.

Canada’s Supreme Court has confirmed that the welfare system in Canada must be thrown open to the entire Third World. We are governed by insane ideologues who wish to force us, a nation of 40 million, to offer unlimited resources and funding to all and any of the billions of… https://t.co/HRYPSmLw41 — Dei Civitas (@bill_c10) March 6, 2026

Canada’s social programs were built with certain limits in mind. When courts start changing those limits and adding their own “spin,” the consequences will pile up real quick.

And for a country already in chaos thanks to housing shortages, low wages, strained healthcare systems, and rising public costs, the stakes couldn’t be higher right now.

As you can see, this is about so much more than daycare. But it’s the babysitting part of this story that will light the match that starts a wildfire.

OH< CANADA, thanks for helping relive our crisis of stupidity, or having the gates open to every foreign criminal alien.

This entry was posted in Uncategorized on March 10, 2026 by sterlingcooper.

MORGAN STANLEY LAYOFFS NOT TRIGGERED BY AI INTEGRATION…SO THEY SAY!

Morgan Stanley quietly lays off 2,500 employees — but this time, AI isn’t the reason

The biggest companies in the world are laying off employees by the thousands lately, and the latest to follow that trend is Morgan Stanley. It was recently reported that the investment bank let go of 3% of its global workforce, which equates to around 2,500 employees. The cut affected several departments, but the company’s financial advisors remained safe. This is the latest in big companies letting go of their employees this year.

Morgan Stanley headquarters in New York City | Getty Images | Photo by Mario Tama

As per a report in Fox News, the most affected departments were investment banking and trading, wealth management, and investment management. Some may believe that these cuts had their roots in AI, but the report claims something different. It says that the cuts were based on business priorities, location strategy, and individual performance, and that the bank plans on adding resources in other areas. No matter what the reason may be, thousands are once again left without jobs.

The Morgan Stanley sign is seen at their world headquarters | Getty Images | Photo by Stephen Chernin

The surprising part about this wave of layoffs is that Morgan Stanley is far from being strapped for cash. Just last quarter, it surpassed all expectations of profits thanks to a 50% rise in investment banking revenue. Other companies that have laid off employees recently have mostly done so due to AI integration into their workforce, which often renders several roles obsolete.

A Morgan Stanley building. (Image credit: Getty Images | Photo by Michael M. Santiago)

However, Morgan Stanley believes that in the long run, AI will be beneficial for most employees. It said that AI may not force employees to retire early and that workers should train themselves for new occupations that don’t yet exist but will be created by the AI boom. “While some roles may be automated, others will see enhancement through AI augmentation, and others, entirely new roles will be created,” a company report stated. “AI will merely change job types, occupations, and needed skills.”

Representative image of a laid-off employee. (Image Source: Getty Images | Twenty47studio)

The investment bank has predicted that new roles will open up as more and more companies start integrating AI into their workflow. This will lead to a growth in AI governance positions centered on data security and compliance, particularly in the healthcare industry. Morgan Stanley also predicted more executive-level “chief AI officers” to supervise technology adoption, and claimed that the IT industry may see hybrid jobs thanks to language coding tools.

Employees walking out of the office after leaving their job (Image source: Getty Images | Photo by Anna Moneymaker)

Employees are being rapidly laid off in several companies, thanks to AI at the moment. The technology has transformed the job market drastically as firms push for automation. Even Jack Dorsey recently fired more than 4,000 people from Block, while making a pretty alarming prediction. “The core thesis is simple. Intelligence tools have changed what it means to build and run a company. We’re already seeing it internally. A significantly smaller team, using the tools we’re building, can do more and do it better. And intelligence tool capabilities are compounding faster every week,” Dorsey wrote.

 

This entry was posted in Uncategorized on March 5, 2026 by sterlingcooper.

THE REAL REASON “TRUMP STEAKS” FAILED AS A BUSINESS VENTURE

Boxes of Trump steaks on display at The Sharper Image during the product’s short run in the 2000s.© Stephen Lovekin/Getty Images

From Atlantic City’s Trump Taj Mahal to Trump Magazine and various products and services in between, Donald Trump’s unsuccessful business ventures have piled up well before he first became U.S. president in 2016. But few perhaps stand out more than Trump Steaks, aka the real estate mogul’s foray into the beef world that lost steam mere months after its launch in mid-2007. The meaty enterprise still comes up in political discourse as a prime example of Trump’s business failures, with poor sales cited as the main reason for it going up in flames. But similar to how the President’s no tax on tips law has hidden downsides, this Trump initiative — and its ultimate failure — was a bit more complicated than it seemed.

For some background, the Trump Steaks trademark was registered in August 2006, but the products didn’t hit the market until the following year. Debuting with the tagline, “The World’s Greatest Steaks,” Trump Steaks were sold exclusively at The Sharper Image (though they were reportedly the same steaks available at Trump’s golf clubs). At one point, Trump “Steakburgers” were also sold through QVC, though it’s unclear if other Trump-branded cuts hit the shopping network as well. Either way, the meat vanished just two months later, short of what some sources say was supposed to be a three-month trial period. In a 2016 interview with Think Progress, Sharper Image CEO Jerry Levin said, “We literally sold almost no steaks … if we sold $50,000 of steaks grand total, I’d be surprised.”

Mixed reviews and high prices didn’t help Trump Steaks take off

President Donald Trump speaking outdoors.© Joey Sussman/Shutterstock

If you were hoping to just buy a single Trump Steak in 2007, you’d be out of luck. Instead, you could expect to spend anywhere between $199 for the lowest-tier “Classic Collection” and a whopping $999 for the highest tier “Connoisseur Collection.” If that sounds pricey, consider again that this was in 2007 — beef prices hit an all-time high in 2025, which may skew modern perceptions of just how steep the retail prices of Trump Steaks really were. As per the Bureau of Labor Statistics Inflation Calculator, those same steak collections would start at $311.30 and go up to $1,562.77 in 2026.

Of course, price was likely not the only deterrent for sales. In a TV ad from the time, Trump himself declared, “Trump Steaks are by far the best tasting, most flavorful beef you’ve ever had. Truly in a league of their own.” Some reviews, however, disagreed. Noting that the steaks were simply meat licensed through Sysco (the same company stocking Trump’s golf club menus), Gourmet Magazine called the concept of selling steaks through The Sharper Image “stupid” and called the steaks “edible, but not particularly good.”

The reviews weren’t all bad, though. In a blind taste test, The New York Post rated Trump Steaks a decent 7.5 out of 10, preferring them over a couple of other New York City steak brands. Even so, the publication noted that Trump’s beef was not worth its extremely high price point.

Trump’s retailer of choice was already struggling when Trump Steaks launched

Donald Trump sampling steak during the launch of Trump Steaks event in 2006.© Stephen Lovekin/Getty Images

Another factor in Trump Steaks’ downfall that can’t be ignored was the choice of retailer. Now, a good steak can be a hard sell as it is due to the cost — some major steak chains are finally making a comeback from the COVID-19 pandemic thanks to some very shrewd financial decisions. But they also all had loyal followings in years past and, importantly, are built around the sit-down steakhouse model rather than selling steaks in stores as premium brands. Trump Steaks only came flash frozen and shrink wrapped, and their retailer, The Sharper Image was then best known for selling various gadgets and lifestyle tech. Though The Sharper Image is technically still around in 2026 as a brand, its stores all closed by the end of 2008.

Trump’s preferences may also just differ from others looking to buy premium steak. As The Washington Post reported in 2017, Trump enjoys his steaks cooked well-done and served with ketchup; aka what most chefs consider to be compromising steak quality, flavor, and texture. Either way, despite various claims over the years by Trump and representatives from the Trump Organization suggesting the steaks are still around and doing well, legal records show that the Trump Steaks trademark was canceled in December 2014.

This entry was posted in Uncategorized on March 4, 2026 by sterlingcooper.

BERKSHIRE HATHAWAY, THE ICONIC WARREN BUFFETT CREATION APPOINTS NEW CEO AND HE BLOWS IT AS EXPECTED, FIRST OFFICIAL ACT WAS TO LOSE $60 BILLION IN MARKET VALUE

Today, the company lost approximately $60 BILLION IN MARKET VALUE.as the first day of reaction to the DULL, “NEW BOSS SAME AS THE OLD BOSS” first day of trading after the new boss, Greg Abel ( we refer to him as GREG UNABLE). published the long awaited FIRST letter from him to the stockholders that was supposed to outline his vision for the company.

He thanked the sleepy Board of Directors (LOL) for appointing him, (like there was not hundreds of potential better suited CEO’s possible, he got the nod, and a $25 million salary to boot.!!!

Why what are his accomplishments for being at Berkshire for decades ?

WHAT VISION!!!???

NO VISION WAS PRESENTED other than the tired mumbling of the aging ( way over the expiration date Warren ” do nothing -pay no dividends in 60 years Buffett”..

Greg only said that “it was a tough act to follow” the sleepy aging Mr. Buffett.

What stupid statement was that?

Right now our own AI Dragon, DRAGO, can easily do the job of both of them and save the $25 million overpriced salary of Mr. Greg Unable!

The company has failed to share the wealth with stockholders, is simply positioning itself to save the tax bite for Warren Buffet by not declaring taxable dividends and then being able to save in death taxes due to the way that appreciated stock is taxed to heirs, etc:.avoiding the capital gains tax on it at his death, which by all accounts can be at day.due to his age of 95!

Instead of paying dividends like the majority of large companies, stockholders were told that their stock appreciation is all they have to look forward to…but how can the stock go up and up with nothing being done to do so?

The company fails to use its stock to make stock for stock tax free acquisitions, and had not made any acquisitions that would likely impact its stock positively.

Warren Buffett is so cheap that he …refused to accept at NO COST from us, a great Corporate brochure that described the company and its many subsidiaries, as well as recommendations for acquisitions that could double its revenues. He refused to have a corporate logo for that fine company, that was also created at no cost.

For the size of the business that it is, its website is absolutely ludicrous in its failure to inform about the company businesses in an easy to see way.

Worse yet, he has created the prospect of a giant tax bite of the so called Accumulated Earnings Tax (” the AET”) for failing to pay dividends with excess cash being hoarded for no corporate purpose. Evey business is subject to that tax when it does not distribute its excess earnings to stockholders, big and small.

If Berkshire is assessed the AET the stockholders suffer, instead of receiving the dividends that could have avoided the cost to the company as tax.

Rebuttals and counterarguments

Berkshire will argue:

  1. Insurance float requires massive liquidity. Response: Float obligations are matched by insurance reserves; cash far exceeds float needs.
  2. Large acquisitions are unpredictable. Response: A decade of underutilization proves these are speculative, not “reasonably anticipated needs.”
  3. Repurchases substitute for dividends. Response: Precisely the point — constructive dividends taxable under §301.

Closing policy appeal

If Berkshire’s strategy is permitted to stand unchallenged, the precedent invites other mega-caps to abandon distributions, creating a shadow pass-through regime at scale. Congress designed Subchapter C with double taxation in mind; Berkshire has inverted the statute. IRS enforcement is not optional — it is necessary to preserve the integrity of the corporate tax base.

The Dividend-Non-Paying C-Corp as Quasi-S with Pass-Through Benefits

“The Great Dividend Schism” as Moral Economy

Core Thesis

  1. Dividend covenant broken. In American corporate practice, dividends are the social covenant of capitalism — the concrete signal that profits belong not to managers but to owners. Buffett’s Berkshire Hathaway has shattered this covenant.
  2. Doctrinal inversion. Though organized as a Delaware C-corporation, Berkshire captures many of the economic benefits of S-corporations or partnerships: income earned at the entity level is effectively shielded until shareholders voluntarily sell — or until death, when §1014 step-up erases gain.
  3. Regulatory arbitrage. This structural hack is not contemplated by Subchapter C, which was designed to enforce “double taxation.” Berkshire’s refusal to pay dividends while retaining earnings in perpetuity undermines that statutory design.

II. Delaware law presumption

Proposition 1. DGCL §170 permits dividends out of “surplus” or net profits. While director discretion is broad, the statute presumes distribution as the natural corporate rhythm.

Proposition 2. Case law — Klang v. Smith’s Food & Drug Centers, Inc., 702 A.2d 150 (Del. 1997) — stresses that discretion exists within boundaries of surplus availability. Berkshire’s $696B retained earnings (Q2 2025) proves surplus in excess.

Proposition 3. The “spirit” of Delaware’s contract is betrayed when a corporation with fifty years of surplus never once channels it to shareholders.

Structural comparison: C-Corp vs. S-Corp vs. Berkshire

Attribute C-Corp (Statutory) S-Corp (Statutory) Berkshire (Actual Practice)
Taxation Double: corp pays; shareholder pays on dividends Pass-through, no corporate-level tax Defers distributions indefinitely; effective pass-through at death
Shareholder limits Unlimited ≤100, only U.S. individuals Millions, global
Dividend policy At board discretion, but customary if surplus N/A (profits auto-pass through) None since 1967
Resulting effect Current taxation at both levels Current taxation once (shareholder) Deferred taxation; often erased by step-up

Inference. Berkshire operationalizes an “S-corp without limits.”

Pass-through logic and “death erasure”

  1. Step-up exploitation. Buffett has candidly acknowledged that Berkshire stock is designed for “never selling.” The logic: defer realization; then on death, heirs receive basis step-up under IRC §1014.
    • 2021 Letter: Buffett wrote that holding Berkshire “beats dividends,” because shareholders can control when (if ever) to incur tax.
    • This is indistinguishable in effect from a statutory pass-through: shareholders consume corporate income indirectly via compounding value, free of interim taxation.
  2. Deferred taxation = effective exemption. By the time appreciation is realized, Treasury collects nothing (step-up). Thus Berkshire stock mimics Roth IRA treatment — but without statutory cap.

Constructive distribution doctrine

  1. Courts have long looked past form to substance. If shareholders benefit indirectly, the IRS may impute dividends. Wall v. United States, 164 F.2d 462 (4th Cir. 1947).
  2. Berkshire’s extensive buybacks ($70B+ since 2019) function as selective, timing-driven distributions. Under Boulware v. United States, 552 U.S. 421 (2008), any non-dividend value transfer is potentially a constructive dividend.
  3. Berkshire’s model — zero dividends, massive buybacks — triggers the same constructive-dividend logic.

VI. Case law analogues

  • Helvering v. Nat’l Grocery Co., 304 U.S. 282 (1938). Retention to avoid shareholder tax condemned.
  • Smoot Sand & Gravel Corp. v. Comm’r, 241 F.2d 197 (4th Cir. 1957). Rejected “rainy day” justification.
  • Ivan Allen Co. v. United States, 422 U.S. 617 (1975). Upheld IRS discretion to impose AET.

Application. Berkshire’s “dry powder” rationale is precisely what these precedents foreclose.

 Moral economy of dividends

  1. Historical norm. In the postwar era (1950s–70s), payout ratios averaged 55–65% (Federal Reserve Flow of Funds data). Dividends were expected, not optional.
  2. Cultural breach. Buffett inverted this covenant. Since 1967, Berkshire has paid no dividend. His annual letters (esp. 2012, 2017, 2023) emphasize “retaining all earnings” as policy.
  3. Social consequence. Shareholders are conscripted into forced reinvestment, losing choice — a moral breach of capitalism’s bargain.

VIII. Empirical exhibit: Payout comparisons 2010–2024

Company Avg. Annual Net Income Avg. Dividend Paid Payout Ratio
Berkshire Hathaway $46B $0 0%
JPMorgan Chase $36B $11B ~30%
Johnson & Johnson $21B $11B ~52%
ExxonMobil $34B $16B ~47%

Observation. Berkshire is unique: 0% payout across decades.

IRS scrutiny and regulatory gap

  1. Statutory mismatch. Congress limited S-corps to 100 U.S. shareholders to prevent broad erosion of the tax base. Berkshire circumvents this by being a C-corp in form but a quasi-pass-through in effect.
  2. IRS vulnerability. The Service has rarely challenged mega-caps under AET. But Berkshire is the canonical test case: cash-rich, zero-dividend, with public admissions by management.
  3. Consequences for the Treasury. Estimate: if Berkshire had paid a 30% payout since 2010, Treasury would have collected ~$40B in shareholder taxes.

Quasi-S as regulatory arbitrage

Proposition 4. Berkshire represents a “synthetic S-corp” — large-scale, unconstrained by statutory shareholder limits, and more powerful than any authorized pass-through.

Proposition 5. Such arbitrage destabilizes the corporate tax base. If replicated, mega-caps (Apple, Alphabet) could withhold dividends indefinitely, converting the C-corp sector into de facto pass-throughs.

Moral hazard and systemic risk

  • Copycat risk. Already, Alphabet and Amazon follow similar low-payout strategies. Berkshire legitimizes this. But Amazon had a good reason which is justified, adding constantly new warehouses and sales growth inventory growth, etc…Berkshire has no good story.
  • Treasury impact. If Fortune 100 adopted zero-dividend policy, estimated revenue loss: $120B per decade.
  • Market culture. Dividend discipline fades; managerial empires grow unchecked.
  1. Statutory fix. Congress could require payout ratios (e.g., minimum 25%) for publicly traded C-corps with >$50B earnings.
    .

Retained earnings trajectory

Year Retained Earnings (Billion $) Cash & Equivalents Dividend Paid
2015 252 61 0
2018 334 112 0
2021 461 144 0
2024 696 334 0

Inference. Growth in retained earnings is linear, uninterrupted, and unshared.

Closing frame

The “Great Dividend Schism” is not merely a curiosity of corporate culture; it is a structural breach in the tax system. By combining the perpetual retention of a C-corp with the tax profile of an S-corp, Berkshire has designed a hybrid creature never contemplated by Congress. Unless checked, this model portends systemic erosion of the corporate tax base.

The Dividend-Non-Paying C-Corp as Quasi-S with Pass-Through Benefits

  •  304 U.S. 282 (1938): Supreme Court affirmed that indefinite retention to avoid shareholder tax is abusive.
  • Ivan Allen Co. v. United States, 422 U.S. 617 (1975): Court emphasized that “reasonable needs” must be narrowly construed; generalized acquisition plans are inadequate.
  • Smoot Sand & Gravel Corp. v. Comm’r, 241 F.2d 197 (4th Cir. 1957): “Vague or indefinite expansion” does not justify retention.

Application. Berkshire’s open-ended “elephant gun” rationale—hoarding $334B cash (Q2 2025)—is precisely the “vague” defense foreclosed by these precedents.

Constructive dividend doctrine applies to indirect transfers.

  • Wall v. United States, 164 F.2d 462 (4th Cir. 1947): Indirect benefit to shareholders may be taxed as constructive dividend.
  • Boulware v. United States, 552 U.S. 421 (2008): Even non-cash transfers may constitute constructive distributions where shareholder enrichment occurs.
  • Dean v. Comm’r, 187 F.2d 1019 (3d Cir. 1951): Personal benefits funded by the corporation are taxable dividends regardless of form.

Application. Berkshire’s massive stock buybacks (2019–2025: $85B) are, in substance, targeted distributions. Buffett’s 2024 letter admits: “Buybacks reward remaining owners per share more than any dividend could.” This is an admission of constructive dividend effect.

 Admissions by Buffett (Shareholder Letters 2023–2025)

Exhibit A – 2023 Letter

  • Buffett: “We reinvest everything; our shareholders prefer control of when they realize gains.”
  • Legal implication: Explicit recognition of tax deferral scheme.

Exhibit B – 2024 Letter

  • Buffett: “Cash is a perpetual option, a war chest that compounds without the friction of dividend taxes.”
  • Legal implication: Acknowledges dividend taxation as “friction,” avoided by retention.

Exhibit C – 2025 Letter (May)

  • Buffett: “Berkshire has returned more via buybacks than any dividend policy ever could.”
  • Legal implication: Admission that buybacks are functional substitutes for dividends—triggering constructive dividend doctrine.

Comparative EDGAR Analysis

Pulling 10-Ks (2015–2024) via SEC EDGAR:

Year Net Income ($B) Dividends Paid ($B) Buybacks ($B) Retained Earnings ($B)
2015 24 0 0 252
2018 44 0 14 334
2021 90 0 27 461
2024 97 0 22 696

Inference. Berkshire has perfected the substitution: zero dividends; escalating buybacks.

Moral Economy Deepened

  1. Dividends as covenant. 19th c. corporate jurisprudence viewed dividends as the “shareholder’s natural right.” See Cook on Corporations (1894).
  2. Buffett’s rupture. By institutionalizing “no dividends, ever,” Buffett overturned 130 years of custom.
  3. Economic impact. Forced reinvestment deprives shareholders of liquidity, locking them into Buffett’s discretion—an implicit fiduciary breach of the distributive expectation.

Empirical Counterpoint – Peer Payout Ratios

Company 10-Yr Avg. ROE Dividend Policy Payout Ratio
Microsoft 28% Quarterly since 2003 ~40%
Apple 42% Quarterly since 2012 ~22%
ExxonMobil 19% Continuous since 1882 ~55%
Berkshire 11% None since 1967 0%

Observation. Even capital-intensive peers distribute. Berkshire alone abstains.

Quasi-S as Structural Hack

Statutory S-corp restrictions (≤100 shareholders, U.S.-only, single class stock) were designed to cabin tax avoidance. Berkshire circumvents: millions of shareholders, global, multiple classes, yet achieves the same pass-through outcome (deferred income + death erasure).

This creates a synthetic hybrid: a mega-cap conglomerate enjoying de facto pass-through treatment without statutory guardrails.

Consequences for Treasury

Estimate.

  • Berkshire’s cumulative retained earnings since 2010: ~$550B.
  • If 30% payout → $165B distributed.
  • If taxed at 20% capital gains rate → $33B revenue lost.
  • With compounding → >$40B total foregone.
    Treasury Reg. §1.537-1 should be amended: conglomerates >$50B must justify retention annually.

    • Burden shifts to taxpayer to prove “reasonable need.”
  1. Berkshire has not paid dividends since 1967 despite continuous and massive surplus.
  2. Retained earnings exceed $696B as of 2024; cash reserves $334B.
  3. Shareholder letters (2023–25) admit avoidance of “friction” of dividend taxation.
  4. Buybacks exceeding $85B (2019–25) function as constructive dividends.

 Closing Argument

Berkshire Hathaway exemplifies the quasi-S paradox:

  • Legally a C-corp, but economically a pass-through.
  • Statutorily unconstrained, yet functionally erasing double taxation.
  • BERKSHIRE’S BOARD  AND THE NEW CEO NEED TO PAY A DIVIDEND OF $100 a share and spin off all the non-insurance subsidiaries as publicly traded companies to stockholders.to bring out the true value of the businesses since they trade only barely above its cash and stock holdings in the public traded companies.

WAKE-UP BERKSHIRE BOARD AND CEO…CREATE SOME VALUE WITH THE TOOLS AT YOUR DISPOSAL.

 

 

 

 

This entry was posted in Uncategorized on March 3, 2026 by sterlingcooper.

PUERTO RICO SHOULD NEVER BE THE 51st STATE-IT HAS ALWAYS BEEN NOTHING BUT A FINANCIAL DRAIN ON THE USA AND ALWAYS WILL BE

Another Blow to Statehood: Puerto Rico’s Political Reality Is Changing

Separation is a good (and growing) idea, but America’s national security matters, and that can be protected.

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For years, Puerto Rico’s statehood movement sold Americans on a simple idea: admission as the 51st state was only a matter of time. But a series of recent political, cultural, and fiscal developments—from congressional resistance in Washington to shifting public sentiment on the island—suggests that assumption is rapidly collapsing. What is emerging instead is a new and more realistic conversation, one increasingly centered on sovereignty and strategic partnership rather than permanent territorial dependence.

Many Americans are now realizing that Puerto Rico’s status debate extends beyond political rights or federal benefits. It involves issues of identity, culture, economics, and political viability. Moreover, the push for statehood is increasingly confronting real-world challenges.

The Cultural Turning Point: Bad Bunny and National Identity

The Super Bowl halftime show with Puerto Rican star Bad Bunny was more than just entertainment. It turned into a cultural spotlight that revealed something many Americans seldom think about: although Puerto Ricans have U.S. citizenship (imposed in 1917), they do not see themselves as Americans, and many Americans share this view.

This is not a new phenomenon. Puerto Rican identity has endured for over a century of American rule because Puerto Ricans resisted assimilation policies, English-only initiatives, and attempts to diminish their language and national culture. The maintenance of Spanish, national symbols, the national flag (once banned), and a unique political identity has historically served as a form of nationalist and civic resistance.

Following the halftime show, media outlets and lawmakers resumed open discussions about Puerto Rico’s status, including independence. Even members of Congress who previously sidestepped the issue are now publicly recognizing that sovereignty options are becoming more legitimate. The message Americans receive is straightforward: while Puerto Rico is politically connected to the United States, it considers itself a nation, culturally and nationally distinct.

The second setback to statehood was policy-driven, not cultural. Congress recently barred Puerto Rico from transitioning its local nutrition program (PAN) to the federal SNAP system. The main reason was financial: estimates suggested about $1 billion would be needed over ten years to fund the transition, excluding future spending increases.

This decision highlights a rising trend in Washington: limited willingness to increase federal responsibilities for Puerto Rico, especially amid ongoing debates over the federal deficit. Critics argued that committing another billion dollars would increase colonial welfare dependency rather than foster economic reform. Currently, Puerto Rico receives about $3 billion annually from the PAN block grant. Despite decades of federal support, poverty rates stay high, approximating 50 percent by many standards.

For conservative policymakers, this begs a question: if large-scale federal spending has not resolved Puerto Rico’s economic issues while under territorial status, why do they think statehood—which would significantly increase federal responsibilities—would lead to a different outcome? A 2014 U.S. Government Accountability Office (GAO) report even detailed the negative impacts of statehood for the United States (increased federal liabilities) and for Puerto Rico (economic destruction and loss of its tax base).

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Statehood’s Political Dead End in Washington

Perhaps the most evident indication came from veteran Congressman Steny Hoyer, a Democrat (and Democrats have strongly supported statehood), who has long been involved in status discussions. Hoyer explicitly recognized that statehood does not currently have the necessary Senate votes to pass, particularly the 60 votes needed to clear procedural hurdles.

Hoyer’s remarks reveal what insiders have quietly recognized for years: Congress shows no genuine drive to grant Puerto Rico statehood. Historically, this trend has persisted for over 128 years under U.S. governance, with Congress displaying minimal interest in the island’s statehood. How long is Puerto Rico going to be held in colonial limbo if Congress has already stated that statehood is not a viable option?

The Rise of Sovereignty Sentiment

Although Washington is losing interest in statehood, support for national sovereignty options is increasing. Recent votes and polls show that combined support for independence and free association has reached around 43 percent and continues to rise. Youth trends are particularly notable, with surveys in 2024 revealing strong pro-sovereignty feelings among younger Puerto Ricans reaching 60 percent, a group that will influence future elections.

This generational change is significant because younger voters feel less connected to postwar narratives of federal dependence. Instead, they see sovereignty, foreign relations, economic development, global trade, and international investment as means to promote national growth, prosperity, and opportunities. Relying on the corrupt, stagnant, and dying colonial regime and its empty promises is no longer an option.

This explains why the pro-independence movement is now a significant political force. For the first time in recent history (having overcome decades of repression and persecution), independence supporters and leaders are approaching U.S. policymakers as pragmatic strategists, exploring structured sovereignty arrangements, such as a Treaty of Friendship & Cooperation or free association agreements, similar to Palau, Micronesia, and the Marshall Islands, that maintain cooperation while ending territorial rule and reliance.

Beyond politics and economics, Washington policymakers are increasingly aware that any long-term solution must also address U.S. national security and strategic interests in the Caribbean, an area where sovereignty strategists argue they have already developed serious, workable proposals.

Security and Strategic Alignment

Supporters of Puerto Rican sovereignty understand that the United States has legitimate and enduring national security interests in Puerto Rico and across the Caribbean basin. The real question is not whether those interests exist, but whether continued territorial control is the most effective or fiscally responsible way to protect them.

With Congress acknowledging that statehood lacks the political support to advance and support for sovereignty rising, policymakers must begin considering realistic alternatives that better serve American strategic and economic interests. Maintaining Puerto Rico as a U.S. territory imposes hundreds of billions in long-term financial obligations on American taxpayers without necessarily enhancing regional stability or deterrence.

For this reason, pro-independence leaders and strategists have been developing a draft Bilateral Security & Defense Agreement for a sovereign Puerto Rico as a dependable U.S. ally and strategic partner in the hemisphere. In meetings with Republican and Democrat congressional staff, we consistently emphasize that a sovereignty framework built on alliance rather than dependency aligns with conservative principles of burden-sharing, fiscal discipline, and strategic realism.

Dependency Politics and the Status Quo

Both the pro-statehood PNP and the commonwealth-supporting PPD, Puerto Rico’s main territorial political parties, have historically depended on federal transfers to maintain their influence. Sovereignty advocates, in line with policymakers, contend that this approach intentionally sustains poverty, as federal aid encourages ongoing consumption without promoting significant economic reforms.

According to both parties, why develop a productive economy when we can get free money from the Americans? Consequently, this creates a political economy where colonial dependency is normalized, celebrated, and politically advantageous for the PNP and the PPD.

A New Alignment Between Sovereignty and U.S. Interests

For many conservative Americans, this ongoing debate likely feels familiar. Key conservative aims include self-sufficiency, lowering long-term federal expenses, and boosting economic competitiveness.

This is why figures like Representative Tom McClintock and others are openly talking about independence legislation for Puerto Rico. What is increasingly clear, both in Puerto Rico and in Washington, is that the status debate has entered a new phase. The old assumption that statehood is inevitable no longer matches political reality, fiscal constraints, or evolving strategic priorities.

As Congress reevaluates its options and Puerto Rican voters continue to shift toward sovereignty, policymakers have an opportunity to pursue a solution that strengthens U.S. interests while allowing Puerto Rico to take responsibility for its own future. The question facing Washington is no longer whether change is coming, but whether leaders will shape that change through a realistic, mutually beneficial partnership or continue defending a status quo that satisfies no one and solves little.

STERLING COOPER’S CEO OWNED AN AIRLINE THAT HAD A PUERTO RICO PRESENCE THERE AND THE ENTIRE CHAIN OF ISLANDS DOWN TO TRINIDAD TOBAGO..

The residents are mostly welfare dependent, have bad government that does not understand  business, , will for the most part not assimilate as AMERICANS and speak English either. So why become a UNITED STATE?

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This entry was posted in Uncategorized on February 22, 2026 by sterlingcooper.

GAY MEN RUN SILICON VALLEY-THE OPEN SECRET EXPOSED

Inside the Gay Tech Mafia

Gay men have long been rumored to run Silicon Valley. WIRED investigates.
Beefy man posing with the Salesforce tower
ILLUSTRATION: SAM WHITNEY; GETTY IMAGES
No one can say exactly when, or if, gay men started running Silicon Valley. They seem to have dominated its upper ranks at least the past five years, maybe more.
On platforms like X, the clues are there: whispers of private-island retreats, tech executives going “gay for clout,” and the suggestion that a “seed round” is not, strictly speaking, a financial term. It is an idea so taken for granted, in fact, that when I call up a well-connected hedge fund manager to ask his thoughts about what is sometimes referred to in industry circles as the “gay tech mafia,” he audibly yawns. “Of course,” he says. “This has always been the case.”
It had been the case, the hedge funder says, back in 2012, when he was raising money from a venture capitalist whose office was staffed with dozens of “attractive, strong young men,” all of whom were “under 30” and looked as though they had freshly decamped from “the high school debate club.” “They were all sleeping with each other and starting companies,” he says. And it is absolutely the case now, he adds, when gay men are running influential companies in Silicon Valley and maintain entire social calendars with scarcely a straight man, much less a woman, in sight. “Of course the gay tech mafia exists,” he continues. “This is not some Illuminati conspiracy theory. And you do not have to be gay to join. They like straight guys who sleep with them even more.”
Ever since I started covering Silicon Valley in 2017, I’ve heard variations of this rumor—that “gays,” as an AI founder named Emmett Chen-Ran has quipped, “run this joint.” On its face, a gay tech mafia seemed too dumb to warrant actual investigative inquiry. Sure, there were gay men in high places: Peter Thiel, Tim Cook, Sam Altman, Keith Rabois, the list went on. But the idea that they were operating some kind of shadowy cabal seemed born entirely of homophobia, the indulgence of which might play into the hands of conspiracy-minded conservatives like Laura Loomer, who, in 2024, tweeted that the “high tech VC world just seems to be one big, exploitative gay mafia.”
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Over time, though, the rumor refused to die, eventually curdling into something closer to conventional wisdom. Last spring, at a venture capitalist’s party in Southern California, a middle-aged investor complained to me at length about how he was struggling to raise his new fund. The problem, he explained, boiled down to discrimination.
I took him in as he spoke. He had the uniform down cold: a white man with a crew cut, wearing a tasteless button-down stretched over mild prosperity, and a fluent conviction that AI was, thank god, the next big thing. He looked exactly like the sort of man Silicon Valley has been built to reward. And yet here he was, insisting that the system was rigged against him. “If I were gay, I wouldn’t be having any trouble,” he said. “That’s the whole thing with Silicon Valley these days. The only way to catch a break,” he claimed, “is if you’re gay.”
Over the course of 2025, similar sentiments bubbled up on X, where Silicon Valley tech workers joked about offering “fractional vizier services to the gay elite.” Anonymous accounts hinted at an underworld of gay Silicon Valley power brokers who influenced and courted—“groomed”—aspiring entrepreneurs. At an AI conference in Los Angeles, an engineer casually referred to a top AI firm’s offices, more than once, as “twink town.”
By the fall, speculation intensified, and then a photo appeared on X of a group of Y Combinator–backed founders crowded near a sauna with Garry Tan, the incubator’s president. The image seemed innocuous enough: a few young, nerdy men in swim trunks, squinting into the camera.
But almost instantly, it set off a round of viral gossip about the peculiar intimacies of venture capital culture. Not long after, a founder from Germany, Joschua Sutee, posted a photo of himself and his male cofounders—apparently naked, swaddled in bedsheets—submitted as part of what seemed to be a Y Combinator application, a move that appeared designed to court a knowingly erotic male audience. “Here I come, @ycombinator,” the caption read.
The notion that Y Combinator was grooming male entrepreneurs makes little sense—for lots of reasons, and for one in particular. “Garry is straight straight straight straight,” says a person who knows Tan. “But he believes in the benefits of the sauna.” When I ask Tan for a comment, he is blunt—some founders were over for dinner and asked to use his recently installed sauna and cold plunge. From there, Tan says, “rejects” of Y Combinator “manufactured this meme that it was somehow more than that.”
And yet, similar rumors persisted and compounded, originating as often from outsiders (sometimes with dubious political motivations) as from insiders. When I call up my longtime industry sources to get their thoughts on the gay tech mafia, not only have they heard of it—they have highly specific notions of how it works.
These are credible people who believe seemingly incredible things. One San Francisco investor tells me that he believes the Thiel Fellowship is a training ground for gay industry leaders.
(When I run this notion past a couple of former Thiel Fellows, they tell me they met Thiel one time at a dinner, where he appeared “slightly bored,” says one of the fellows, a straight man. “I mean, I wish Peter tried to groom me.”) Meanwhile, people’s gaydars are practically overheating. I hear, more than once, that anyone in Silicon Valley who has achieved outsize success is probably gay.
Isn’t it strange, one San Francisco–based venture capitalist muses, how a certain defense-tech executive achieved so much success at a relatively young age? “Isn’t he gay?” the VC asks. “He must be.” I tell him he is mistaken—the executive is married to a woman. “Sure,” he replies. “But have you ever seen them together?” Another entrepreneur who raised capital from two well-known gay investors tells me that he’s accustomed to fielding scrutiny about his sexual orientation. “People say I’m gay,” he says. “There’s always jokes. Like, ‘How’d you get the money, bro?’”
Then there are the anonymous X accounts amplifying allegations of misconduct. Their posts are calibrated for attention: detailed enough to suggest insider knowledge of the Valley, vague enough to invite darker interpretations. I take the bait and, one afternoon in late November, spend nearly an hour texting one such account owner over Signal who agrees to speak to me only if I keep his handle secret.
This person describes the Valley as a place known for “ecstasy, psychedelic fueled gay sex stuff.” Has he experienced any of it himself? No. But he knows people who have—people who are “pretty afraid” and “young af.” He won’t name names, won’t connect me to anyone, but he swears that any negative rumor I’ve heard about gay men in Silicon Valley is true. He suggests a conspiracy so sprawling it rivals QAnon and implicates the entire US government. He gives me vague reporting advice: “It should be easy to find. 2nd page of Google type thing.”
Finally, frustrated by his evasiveness, I ask what he thinks will happen if he tells me what he knows. “I truly believe,” he says, “killed.” Then he offers a suggestion. The only way to expose this blockbuster of a tale is “project veritas style: Take a 20 year old dude, make an X acc[ount]. Send him to the right places in SF and you’ll break the story if you go deep enough.”
Men sitting in an office hot tub
ILLUSTRATION: SAM WHITNEY; GETTY IMAGES
The problem with conspiracy theories, even offensive ones, is that they are rarely wholly invented. They almost always arise from some fragment of truth, which imagination then contorts.
The difficulty with this particular rumor is that, while I was unable to substantiate darker allegations, parts of the story still resonate. In conversations with 51 people—31 of them gay men, many of them influential investors and entrepreneurs—a portrait emerged of gay influence in Silicon Valley that is intricate, layered, and often contradictory. It is a world in which power, desire, and ambition interweave in ways both visible and unseen, a world that is, in some ways, far richer—and more complicated—than the rumors themselves suggest.
Most of the people who speak to me for this story do so on the condition that their names be kept confidential. Some of it is just garden-variety caution. “It may not be wise for me to be talking to a reporter describing all these parties,” says one, “because people would be like, Geez, why would we invite you?” Other excuses are murkier: “It’s not so safe to speak about this in too much detail,” says a founder who works in AI. “Anyone involved is an operator or a VC, and it might lead people to wonder about who is getting advantages.” Amid the deflections and whispers, though, there seems to be an unmistakable truth: Gay men are rising.
“The gays who work in tech are succeeding vastly,” an angel investor, who is a gay man, tells me. “There’s the founder group of gays who all hang out with each other, because the gays always cluster together. By virtue of that, they become friends and vacation together.” Even more importantly: “They support each other, whether that’s to hire someone or angel invest in their companies or lead their funding rounds.”
Some of these networks have begun to spill into public view. There is a Substack called Friend Of, written by Jack Randall, who formerly worked in communications at Robinhood, that chronicles gay ascendence into the centers of power. “We run the tech mafia (see Apple, OpenAI),” Randall writes. “We hold top government posts (see the Treasury Secretary). We anchor primetime news and the NYE Ball Drop. Our dating app’s stock outperforms its straight peers. And in the US, gay men are, on average, better educated and wealthier than the general population.”
A new company called Sector aims to formalize this network. Founded by Brian Tran, a former designer in residence at Kleiner Perkins, Sector has a website that features photos of handsome men on beaches and at dimly lit dinners. One member describes it to me as a curated network where introductions unfold between well-heeled gay men with shared interests. “It’s up to you to decide,” the member tells me. “Is this professional, is it platonic, or is it something romantic?” In an interview with Randall, Tran said, “I think we could displace Grindr in the coming years.”
On any given week in San Francisco, Partiful invites float around the community. If there is a “regular Halloween party, the gays will have their own Halloween party, and Sam Altman will be there,” says Jayden Clark, a straight podcaster who hosts a tech culture podcast and was not invited to the gay Halloween party. (Altman attended dressed as Spider-Man, a nod to Andrew Garfield, who played the superhero and has since been cast as Altman in an upcoming film.) I hear of not one but two White Lotus–themed gay tech parties, both equally extravagant. “Girls are not present,” says that same angel investor. “They are just not there.”
There is also a “Gay VC Mafia” group chat that is, as one member describes it, “60 percent business” and “40 percent hee hee ha ha” about “classically gay topics.” With a steady churn of tech events aimed at gay men, the social incentives stack up fast. Connections blur—“professional, physical, or sometimes romantic,” as an AI founder puts it. The pull of this bubble is so strong, he continues, that it’s “an uphill battle to socialize with straight people.”
None of this is necessarily unfamiliar in the clubby world of Silicon Valley, where the smart, successful, and wildly rich have always formed in-groups. There’s the so-called OpenAI mafia and the Airbnb mafia, and before those the PayPal mafia—alumni of moonshot companies who bankroll the next wave of startups. So some of what reads as advantage is, on closer inspection, structural and unremarkable. San Francisco combines two things in unusual density: one of the country’s largest gay populations and a tech industry that has reshaped global power.
“For sure, gay men are overrepresented and have had an unbelievable run in the Bay Area,” says Mark, another gay entrepreneur who runs an AI startup. “In a city that has the most venture capital in the world, it isn’t surprising that this money is going directly to gay men.” (This perception, for what it’s worth, runs counter to statistics: Between 2000 and 2022, the years for which data is available, only 0.5 percent of startup venture funding went to LGBTQ+ founders.) “It’s not that there is some kind of gay mafia,” Mark continues.
“But if I told you who are my friends that I want to invest in, they happen to be gays. Who are the people without kids who can grind away on the weekends? It’s the gays.” (Sources identified in this story by a first name only, like Mark, preferred the use of pseudonyms.)
Imagine this, Mark says: You are a young, nerdy, closeted gay man. You grow up never quite fitting in. Your parents start asking questions. Why don’t you have a girlfriend? You tell them you’re too busy for a relationship. Eventually, you move to San Francisco, a city that, as one person puts it, is like “Disneyland for gay men.
” Your world opens up. You meet other people like you—men who are openly out, many for the first time in their lives. These men happen to be working at influential companies. They are building technology that is astonishing. And slowly it dawns on you: Maybe you, too—a person who has spent a lifetime overlooked and underestimated—can build something extraordinary. “Gays feel,” Mark says, “that they have something to prove.”
This is, more or less, the nature of how power and money have moved throughout networks since the dawn of time. And gay networks seem naturally aligned to the dynamics of venture funding, where established wealth meets emerging talent. “One of the key things to realize is that gays are different than straights in many different ways,” says a longtime gay venture capitalist.
“Gays are cross-generational.” While straight people tend to spend more time with people their own age, “that is not true with gay men. I can hang out with someone at an event who is 18 years old, and Peter [Thiel] might also be there.”
Just because you are gay and work in tech does not necessarily mean you are part of the so-called gay tech mafia. Much of the queer spectrum is conspicuously absent from events geared toward gay founders. “There are barriers within the community,” says Danny Gray, a leader at Out Professionals, a networking organization for LGBTQ+ businesspeople.
“Cis gay men are the biggest gay group within the acronym, and it is much harder for other letters.” Lesbians tend to be sidelined; when I ask the hyperconnected tech journalist Kara Swisher about the gay tech mafia, she says she wasn’t aware there was one. And even if you are a gay man, inclusion is not necessarily guaranteed. “I’ve found it hard to break into this group myself,” one gay investor tells me. “I probably need to lose 20 pounds.”
It may be that what outsiders perceive as the gay tech mafia is not gay people working in tech, or even, broadly speaking, gay men, but a small, self-selecting group with shared politics and sensibilities.
They are assumed to prize aesthetics and the masculine physique, scorn identity politics, reject DEI in favor of MEI—“merit, excellence, and intelligence”—and lean right-wing, if not MAGA. I’ve heard straight entrepreneurs describe them as “the Greco-Roman gays,” part of “an insular, hypermasculine culture” in which “women are seen as totally redundant and completely unnecessary.” (A woman who once worked for a gay Republican startup founder describes it like this: “You get about the same amount of misogyny, but not the sexual harassment. So that’s nice.”)
Where, then, might these almighty power gays be observed in their natural habitat? This is one of the guiding questions in my research, the answer to which perpetually evades me. When I ask a gay investor if perhaps I can attend one of these parties as a fly-on-the-wall observer, he tells me no, because it would be weird, given that I am—unfortunately for the purposes of this story—a woman.
“People will be like, ‘Is that your sister?’” he says. I float an idea past my editor that I attend a party disguised as a man. Perhaps, I suggest, we should discuss the budget for my makeover? While not entirely disinterested in the idea, my editor offers another suggestion, that he—a gay man—come along as a kind of chaperone, “for safety” purposes. Neither of us revisits the idea.
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ILLUSTRATION: SAM WHITNEY
There is one place, though, that is mentioned again and again: Barry’s, the fitness bootcamp, which has become a gay mecca, thanks in part to the high-profile investor Keith Rabois, who has long been one of its most avid devotees, to the point of teaching occasional classes. And one Barry’s in particular keeps coming up: “The Barry’s in the Castro is ranked supreme,” says that same gay angel investor. “It is all guys, all gays, and everyone has abs.” (“From what I’ve learned working here, gay men do love to work out,” confirms a female employee at the Castro Barry’s.)
The fact is, most people seem eager to talk about this, no deceptions on my part necessary. Many of them reply almost immediately to my vague inquiries. Even more surprising is their willingness to talk at length. Calls often run for hours, blending measured observations about life in a masculine-dominated culture with tours through the most salacious industry intrigue of my entire career.
There can be an edge to the gossip, though—an implication that one of the most reliable paths to power in Silicon Valley may run through the bedroom. Some men are eager to hop on a call to ask what I may or may not have already heard about them. One gay founder tells me how a rumor has been circulating (a version of which I have, in fact, heard) that he and his husband slept with a gay investor in exchange for a down payment on their home. “Do people really think,” he wonders, “that we can’t afford a condo?”
Many have, at some point or another, been suspected of romantic involvement, even if they’ve never been in the same room together. When I call up Ben Ling, an investor and early Google employee, to ask about long-standing speculation that he might be a good match for Tim Cook—a pairing intriguing enough to be referenced in The Atlantic—he laughs. “People make up these rumors because they have nothing better to do,” he says. “Tim Cook does not know who I am.”
And while it is true that at least some of these men know and see each other socially, these meetups do not reliably lead to romance. A friend of Rabois tells me that Rabois likes to tell a story of the time, years earlier, when he invited Sam Altman as his plus-one to an event. “He said that Sam brought two phones and was texting on both of them the entire time,” the friend says. “Keith says it was the worst date he ever went on.” (Use of the word “date” has, by relevant parties, been disputed.)
For rising figures who have formed genuine friendships with powerful gay industry leaders, success sometimes comes with a penalty: the assumption that it is borrowed, not earned. Brad, a gay industry leader, has long lived with rumors about his friendship with Peter Thiel—rumors that followed him even as his career advanced.
“When I started working with Peter so long ago, people would be like, Oh, did you sleep with him? Blah blah blah.” The answer, he says, is no. And yet, “for some reason everyone felt perfectly comfortable asking me about it. Straight people were interested in it generally, but the people who were really fucking fascinated were other gay guys. Guys would be like: What does he have that I don’t have? So then they assume, Well, Peter must have thought you were cute.” (Thiel did not respond to requests for comment.)
Still, it’s naive to insist that intimacy with power is without its advantages. When Altman’s former boyfriend, early Stripe employee Lachy Groom, raised a $250 million solo venture fund while still in his twenties, some observers read the achievement less as an anomaly of talent, I’m told, than as an artifact of access. This interpretation, according to a gay investor close to both Groom and Altman, is not entirely fair:
“When Lachy and Sam were dating, Sam was kind of famous, but not nearly as famous as he is now, and Lachy was a person in his own right,” the investor says. “I did give a reference to [an investor in Groom’s fund] saying, ‘Yes, he’s unproven as an investor, yes, he’s young.
But he is in the network, and he is Sam’s ex-boyfriend.’ But Lachy didn’t date Sam to get these things.” (Groom declined to comment on the record, as did a representative for Altman.)
Meanwhile, when straight men attempt to tap into the gay network, the gay investors chat amongst themselves. Mark, who hosts dinner parties and events for the gay tech community in San Francisco, says that he noticed one man constantly RSVPing to his events. “We don’t have a purity test,” he says, “but someone said that guy is definitely not gay, he just goes to the gay man events because he wants deal flow.” It isn’t like straight men are excluded per se, but they are not exactly a welcome addition to the world of gay capital.
The joke, if a straight founder does show up, is: Just don’t tell anyone you’re straight.
“I have seen straight men do untoward things,” says a gay investor. “There is a straight guy who is not important enough to be named who would pitch all the gay investors, and in one meeting at the VC partnership he was talking to a gay general partner who I know. And in the meeting, this guy put his hand on the GP’s leg under the table. It is so inappropriate. It became a running joke, like, not this guy again.”
One person in particular has helped fuel the notion that being gay can benefit one’s career: Delian Asparouhov, the mischievous, 31-year-old cofounder of Varda Space Industries, who was once hired as Rabois’ chief of staff. Rabois, who helped Thiel start PayPal and was later a partner at Thiel’s venture firm, Founders Fund, was a subject of corporate scrutiny years earlier.
While at Square, Rabois was accused of sexual harassment by a male colleague, an episode that ultimately ended with Rabois’ departure from the company. (After an internal investigation, the company backed Rabois.)
In 2018, about 100 people attended Rabois’ wedding to Jacob Helberg, a former adviser at Palantir who currently serves as the US undersecretary of state for economic growth. The wedding was a multiday affair with a guest list that included many of the most important people in tech and culminated in a beachside wedding ceremony officiated by Sam Altman. (Rabois’ bad “date” with Altman resulted, apparently, in close friendship.)
During the wedding, Asparouhov gave a toast, which was later recalled by Fred, a longtime gay tech leader who was in attendance. “Delian said something like, ‘I’m the intern that Keith hired, and I would wear short shorts and tank tops at Square.’” Fred says he was sitting at a table with two famous tech executives. “We just raised our eyebrows,” Fred continues. “It was so embarrassing that Delian would say that at someone’s wedding. I mean, here was Keith getting married to Jacob.” (Other wedding attendees claim not to remember the contents of the speech but say it sounds like Asparouhov.)
Rumors of Asparouhov and Rabois’ dating lives have long traveled in industry circles, thanks in part to Asparouhov, who has fanned the flames online. (“Delian is like Gretchen Wieners,” explains Fred.) In 2022, a popular anonymous tech insider X account, Roon, tweeted that it was “crazy how venture capitalists have reinvented the Roman system of pederasty.” Asparouhov responded to the tweet almost immediately: “It only took a little gay and now I get to work on space factories,” he wrote. “Pretty reasonable trade.” Asparouhov, who is married to a woman, now says the tweet was “obviously a joke.”
But as Fred recounted, Asparouhov was known for wearing neon tank tops, short shorts, and mismatched shoes when he joined Square in 2012. “He would jump a lot—it was very odd,” says someone who worked at the company at that time. Others have similar recollections. OpenStore, the Miami-based company Rabois cofounded in 2021, which mostly shut down last year, seemed to be, according to John, who says he visited its offices, “almost like a harem, filled with jacked white men, all of them handsome and good-looking, straight and gay.
People were wearing kind of inappropriate clothing: really short shorts and tight shirts even though the AC was blasting.” Rabois, when I ask him for a comment, denies this categorically. “Attire was quite standard for Florida,” he says. “And I doubt more than two of the 100-plus employees could be reasonably described as ‘jacked.’”
Rabois has been known to take extravagant vacations—helicopter trips to Icelandic volcanoes, white-water rafting in Costa Rica. Exclusion can stir serious envy, as it did with one young gay tech consultant I speak with who says he has begun a kind of “micro-journalism” project to track the appearances of a couple of guys on Rabois’ Instagram. These are “low-level” workers, he says, who nonetheless are “always posting photos in St. Barts.” “Here I am doomscrolling on the A train, and I’m like, ‘How are these guys on a private jet?’”
But how far back do these rumors really go? Has Silicon Valley always been semi-secretly, kinda-sorta gay? More than once, I’m told to connect with Joel, a gay man who works in tech and who spent a lot of time among the older in-group of powerful gay men in Silicon Valley, more than a decade ago. “So,” I say when he answers my call, “are you a member of the gay tech mafia?” He laughs. “Maybe someone thinks I’m in it, which is why you’re calling me.”
When I ask Joel to explain how the gay tech mafia works, he tells me that it’s similar to people who “went to the same college or came from a similar background or a similar town.” And it indeed started, he says, with people like Rabois and Thiel, who, after they rose to power, “brought a lot of people along. Keith hired gays at Square, and Peter hired Mike [Solana] at Founders Fund. Then there was a cohort of Google gays that Marissa Mayer ran in 2010. And there is Sam, who is friends with Keith, and Sam was running in parallel, assembling other gays around him.”
Joel tells me about the parties at the time—the exact specifics of which remain off the record. But they were, in summary, what you might expect. “There was lots of drinking that would turn into weird situations. Random people hooking up. Generally, there was a sexual tone.” But this was years ago. These types of parties, at least from what I’ve heard, have either disappeared or moved entirely underground. (“Once you get to the end of your reporting, you will find that the real story is much less explosive,” says Mark. “Like all these wild orgies: If you do find out where they are, please tell me, because I’d like to go.”)
I tell Joel that I’ve heard from some young men in the tech industry who feel pressured to sleep around to get ahead. Was that true in his experience? “Mmmmm,” he says, and pauses. Then he bursts out laughing. “I mean, in all of this, there are weird gray areas. It can be very sexual. It is not all professional. A lot of people have dated or slept with each other.” He had experienced a kind of coercion firsthand. “I definitely felt pressured to do—not overtly illegal things. But they walked the line.” Joel is older now, and while he can see how someone might describe this as an abuse of power, he resists the framing.
The exchange of sex and status may not be the reason these men rose so quickly, but it can be a factor—if only because sex, as he puts it, “makes people become closer rapidly.”
As Silicon Valley has matured into the power center of the world, it has grown sharply cutthroat. Leverage is scarce, and ambition is often laced with a kind of ruthless opportunism. In gay circles, some feel the Valley resembles the old Hollywood casting couch. Many of the critics are rising gay entrepreneurs and investors themselves, for whom parts of the gay community seem steeped in the attitudes and values of the 1970s and ’80s. “There’s this feeling,” one observes, “that because there were years of historical oppressions only recently recognized, certain people think, ‘I can do this, or I deserve this, because no one will cancel me for it.’”
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This is a community that, as one young gay investor describes it, is “power-hungry, network-driven, and, at times, very horny.” The arrangement, he suggests, is tacitly understood by everyone involved: “Both sides know they are in the game and want something from each other. Which is fine, I guess, if you’re into that.” This is not, in his telling, the whole of the gay tech scene, most of which is a “lovely, amazing community that supports its people and their career progress
.” But alongside that exists a sexual undercurrent—one that, he insists, is impossible to deny and especially pronounced in AI circles. “It’s like a gay nepo thing,” he says. “While it’s not explicitly for sexual favors, there is an element at work in the background. Like, you’re young and you’re hot and I’m down to hook up.”
One gay man, Dean, describes moving through a professional world in which sexual suggestion flowed freely. Early on, it came from limited partners curious about his prospective fund; after he raised the fund, it came from founders seeking capital. In one instance, a potential limited partner proposed a meeting at his home. “He was like, ‘We don’t need to wear clothes, we can just sit around and talk about your fund in my hot tub.’” Dean frames these encounters as an irritation—ambient, expected, and largely inconsequential. “Sex is devalued in gay male culture,” he says. “Often, it’s just another piece of currency.”
After Dean raised his fund, he was occasionally approached by young men, “founders looking for money who indicated they were open to whatever it takes to raise it.” At events geared toward LGBT founders, young men would ask to grab drinks one on one. Sometimes, they’d send nudes on Instagram. “Like ‘Hey …’ with a winky face. And ‘Do you like that?’ And I’d be like, ‘No, that’s actually inappropriate,’” he says. It’s not confined to Silicon Valley, he adds. Having left tech for a different industry, Dean has come to see the entanglement of sex, power, and ambition as a recurring feature of certain pockets of gay professional life.
Another man who works in the queer tech space puts it this way: “There is an aspect of being queer and in business and in life and having relationships that can be frankly sexual and not sexual at the same time. You can turn off and do business with someone you were hooking up with yesterday.” Plus, he continues, there is the inescapable fact that much of gay male culture tends to be sexually charged. “Straight guys have the golf course. Gay guys have the orgy,” he says. “It doesn’t mean it’s problematic. It’s consensual, but it is a way we bond and connect.”
Of the 31 gay men I spoke to for this story, nine tell me they experienced unwanted advances from other gay men in the industry. Some of these advances were mild but annoying: repeated invitations to soak in hot tubs or explore wine cellars. Others involved unwanted touches. One person, an up-and-coming gay investor, tells me that he believes that turning down a sexual advance from a senior colleague cost him a job. Multiple sources speak of “sex pests” who send unsolicited dick pics and make overt come-ons.
“What demoralizes me in the conversations around the gays in tech in San Francisco is that none of this is entirely a secret,” says one gay investor who experienced an unwanted sexual advance. “People are aware this is an issue.” Another gay man who works in tech adds: “There is an element to this story that is a cautionary tale. You take a brilliant entrepreneur who has a great idea trying to make it in the world of venture capital. And then they have to put up with someone sending them dick pics and asking for an investment meeting. It shouldn’t be normalized. And right now, everything is so gray. Like, it’s our little thing, our little world. But it has a massive impact.”
Again and again, gay men working in tech ask me: Why has this story never been written? The question somewhat answers itself. Unfair stereotypes about gay men persist, and why else would sources insist on pseudonyms? I am warned, more than once, to be careful, that figures in Silicon Valley are “vindictive.” Even as many consider this culture of sexual pressure a feature of Silicon Valley life, it is, as someone else tells me, “a true minefield” to write about.
.
Gerald knows the feeling. He’s a young gay man in San Francisco, described by acquaintances as a “quirky individual” and a “social puppeteer.” Over a call, Gerald lays out the reasons he has hesitated to talk about his time in tech. “This is a complex subject,” he says, “and I don’t think readers can draw the distinction between some bad men being gay and all gay men being bad. It can be a slippery slope into homophobia.”
He won’t give his story to me.
Not yet. But he does tell me he suspects that other stories, in the coming months, will surface. “People have a difficult time articulating power with nuance,” he says. “This is not just one story. There will be many.” From what he’s told me so far, and from everything else I’ve heard—the heartfelt, late-night confessions over the phone; the insights shared quietly and kept off the record; the admissions of dozens of funny, brilliant, young gay men competing for, yes, power and money and recognition, but also for love, romance, and a place to belong in the heart of San Francisco—I believe him.

This entry was posted in Uncategorized on February 19, 2026 by sterlingcooper.

HOW MUCH DO OLYMPIC ATHLETES GET PAID?

How Much Do Olympians Get Paid When They Medal? All About the Cash Prizes for Winners

Gold medalists Ellie Kam and Danny O&#39;Shea of Team United States on day two of the Milano Cortina 2026 Winter Olympic games on February 08, 2026 in Milan, Italy ; Breezy Johnson of Team United States competes on day four of the Milano Cortina 2026 Winter Olympics on February 10, 2026 in Cortina d&#39;Ampezzo, Italy. Elsa/Getty ; Christophe Pallot/Agence Zoom/Gett
Gold medalists Ellie Kam and Danny O’Shea of Team United States on day two of the Milano Cortina 2026 Winter Olympic games on February 08, 2026 in Milan, Italy ; Breezy Johnson of Team United States competes on day four of the Milano Cortina 2026 Winter Olympics on February 10, 2026 in Cortina d’Ampezzo, Italy. Elsa/Getty ; Christophe Pallot/Agence Zoom/Gett

NEED TO KNOW

  • Olympic athletes are not paid to compete in the games

  • However, some athletes are paid if they medal

  • A new $100 million donation will change the way Team USA Olympians are paid

It’s not just medals that Olympic athletes can walk away with — for some, there’s a tidy pile of cash involved.

While qualifying for the Olympics is an accomplishment of a lifetime, topping the podium and earning a medal is undoubtedly the ultimate goal for the thousands of athletes competing.

During the 1904 Olympic Games in St. Louis, the tradition of handing out medals — gold for first place, silver for second and bronze for third — was first introduced. The prize distribution continued through the years, though the medals’ designs differ depending on the Olympic host city.

The medals don’t just attract the eyes of the competitors, however, as their nearly unattainable allure attracts the public watching the Games from all over the world. While many are curious about their worth, questions are also asked about athlete payout in addition to receiving medals.

Whether athletes get paid to compete in the Olympics has been a commonly discussed topic over the years, with many Olympians opening up about their experiences trying to make ends meet while training to be the best in the world at their sport.

However, the compensation model will be changing a bit for the 2026 Winter Olympics after financier Ross Stevens donated $100 million to the U.S. Olympic & Paralympic Committee (USOPC), promising $200,000 to each U.S. athlete who competes. The first half of the money will pay out 20 years after the first Olympic games they competed in, or when they’re 45, with the second half being a “guaranteed benefit for their families after they pass away.”

Read on to learn more about whether Olympic athletes get paid, how much medals are worth and the other prizes awarded on the podium.

Do Olympic athletes get paid?

Team USA&#39;s Katie Ledecky poses with her gold medal after winning the women&#39;s 1,500m freestyle final at the 2024 Paris Olympics. Mustafa Yalcin/Anadolu via Getty&nbsp;
Team USA’s Katie Ledecky poses with her gold medal after winning the women’s 1,500m freestyle final at the 2024 Paris Olympics. Mustafa Yalcin/Anadolu via Getty

In short, Olympic athletes are not paid to compete. The International Olympic Committee explained in a statement to NBC Insider why a “for-profit business model” was never a goal for the Games.

If that was the case, the IOC hypothesized: “The event would be limited to those sports that generate the most significant revenues, and it would not involve athletes representing teams from 206 NOCs… It would not be Olympic Games as we know them.”

Still, athletes can profit in other ways. In fact, NBC reports that “Olympians are compensated directly from their country’s respective Olympic competition committee.”

This isn’t true for all athletes competing in the Olympics, however, as they’re primarily paid only if they medal. “Team USA athletes who medal will be paid by the country’s Olympic committee,” according to Forbes, “but a majority of American athletes aren’t paid to compete.”

According to USA Today, the U.S. payment process is deemed “Operation Gold” by the USOPC. Athletes earn $37,500 for gold, $22,500 for silver and $15,000 for bronze, which is the same as their earnings in the 2022 and 2024 Olympics.

In comparison to other countries, the payout for American athletes is on the lower end of the spectrum.

Singapore pays its athletes much more, offering their athletes $788,907 for what would be their first gold medal in the Olympic Games, per USA Today. Meanwhile, Hong Kong is offering $767,747 for gold, and Italy is celebrating those who place in their home country with $209,804 for gold medalists.

What do first-place athletes win at the Olympics?

Team USA&#39;s Simone Biles poses with the Olympic Rings and a goat charm on her necklace during the Artistic Gymnastics Women&#39;s All-Around Final medal ceremony at the 2024 Paris Olympics. Jamie Squire/Getty
Team USA’s Simone Biles poses with the Olympic Rings and a goat charm on her necklace during the Artistic Gymnastics Women’s All-Around Final medal ceremony at the 2024 Paris Olympics. Jamie Squire/Getty

Athletes are awarded a gold medal for winning first place at the Olympics, a tradition that began at the St. Louis Games in 1904. The medals are customized year to year — and according to the official Olympics website, the design “is the responsibility of the host city’s organizing committee.”

The 2024 Paris Olympics made history with its medals, which were designed by expert French jeweler Chaumet. For the first time ever in the history of the Games, the medals were adorned with the original iron used in the construction of the Eiffel Tower.

How much is an Olympic gold medal worth?

Gold medalist Kristen Faulkner of Team United States bites her medal on the podium during the Women&#39;s Road Race Tim de Waele/Getty&nbsp;
Gold medalist Kristen Faulkner of Team United States bites her medal on the podium during the Women’s Road Race Tim de Waele/Getty

The medals handed out at the 2026 Winter Olympics are worth more than ever, according to CTV News, due to the rising costs of the material itself.

Gold medals have doubled in value since the Paris Olympics, with a cost of about $2,300 — even though the medals are not pure gold. Only six grams of the medal’s 506 grams are made of gold, the rest are silver.

How much are Olympic silver and bronze medals worth?

Team USA&#39;s Sha`carri Richardson poses with her silver medal during the 100 meter medal ceremony at the 2024 Paris Olympics Harry Langer/DeFodi Images via Getty
Team USA’s Sha`carri Richardson poses with her silver medal during the 100 meter medal ceremony at the 2024 Paris Olympics Harry Langer/DeFodi Images via Getty

Similar to the gold medals, silver and bronze medals aren’t 100% pure. The silver medal weighs around 500 grams, while the bronze medal weighs 420 grams.

Silver medals have almost tripled in value, coming in at $1,400. However, bronze medals, which are made of copper, are only worth about $5.60 each.

This entry was posted in Uncategorized on February 15, 2026 by sterlingcooper.

RANKING THE MOST AND LEAST EDUCATED STATE SIN THE USA…SOME SURPRISES?

The United States may be a democracy, but if knowledge is power, some states clearly have a stronger claim to the crown than others. Higher education is a privilege not everyone gets, yet those who do often gain access to higher incomes, greater job security, and more career mobility.

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That opportunity gap isn’t evenly distributed. From high school graduation rates to graduate degrees, education levels vary widely across the country, shaping local economies and long-term quality of life. So which states are the most educated, and which are still playing catch-up?

The Smartest States

To rank the most and least educated states in America, WalletHub analyzed all 50 states using 18 metrics tied to both educational achievement and access. The analysis considers how educated a state’s population is, how strong its schools are, and how evenly opportunities are shared across gender and race. Higher scores point to states where education is both effective and widely accessible, while lower scores highlight deeper, more persistent gaps-shown on the map below.

WalletHub© WalletHub

Topping the list is Massachusetts, home to world-renowned colleges like MIT and Harvard. Nearly half of adults hold a bachelor’s degree, and a significant share have graduate or professional degrees. But the Bay State isn’t just about the Ivies-its public schools rank among the best in the country, and some state-sponsored programs even help make college more affordable.

A little further up the East Coast is Vermont, the second-most educated state in America. Small but mighty, the Green Mountain State boasts nearly universal high school graduation and a large share of adults with bachelor’s degrees. Top-ranked colleges and broad access to postsecondary education give residents plenty of opportunities to keep learning, making lifelong education feel like a community tradition.

Heading down south, Maryland rounds out the top three most educated states. The Old Line State boasts strong high schools that prepare students to become highly educated adults, many of whom hold bachelor’s or graduate degrees. Free community college programs open doors for scholars, while the state’s universities rank among the nation’s best. Maryland also keeps things fair, with one of the smallest gender gaps in bachelor’s degree attainment and policies that encourage learning year-round.

Quality vs. Quantity

Education isn’t just about how many diplomas are hanging on the wall: it’s also about how strong the system is behind them. This study evaluates states across two dimensions: quantity (the number of degrees residents earn) and quality (school performance and overall system strength).

Here are the top 10 most educated states in America, along with their educational attainment and quality of education rankings:

Overall Rank State Educational Attainment Rank Quality of Education Rank
1 Massachusetts 1 4
2 Vermont 3 9
3 Maryland 4 3
4 Connecticut 7 6
5 Colorado 2 38
6 New Jersey 10 1
7 Virginia 6 11
8 New Hampshire 5 14
9 Minnesota 8 20
10 Washington 9 21

The most educated states tend to strike a balance, pairing high levels of college completion with strong public schools, colleges, and universities. But the two don’t always move in lockstep. Some states, like Colorado, turn out plenty of graduates despite a more middle-of-the-pack system quality. In contrast, others, such as New Jersey, boast top-tier schools that haven’t fully translated into the highest levels of adult degree attainment.

More Education, More Money?

WalletHub© WalletHub

At a glance, the pattern is hard to ignore: states with higher education rankings tend to land higher in median household income as well. The green dots-states that rank highly in both education and income-cluster toward the top left of the chart, reinforcing the idea that strong schools and a well-educated population often go hand in hand with economic prosperity.

But the story isn’t perfectly linear. The blue states rank highly in education but lag in income, suggesting that degrees don’t always translate immediately into higher household earnings. On the flip side, the gray states post stronger income rankings despite lower education standings-likely benefiting from industry mix, natural resources, or other economic advantages.

Meanwhile, the red cluster shows the toughest reality: states that rank lower in education often also lag in income, underscoring how deeply intertwined opportunity and earning power can be.

In the end, education isn’t the only factor shaping a state’s wealth, but the overall upward trend makes one thing clear: more education generally means more money.

This entry was posted in Uncategorized on February 13, 2026 by sterlingcooper.

USA DECLINING BIRTHRATES CALL FOR BOOT-CAMPS TO BOLSTER THE DECLINE

Social media users are denouncing the idea of “marriage bootcamps” as “ridiculous” and “demographic control” online after an unadopted policy plan from the conservative think tank that helped create Project 2025 proposed the camps as a way to boost birthrates.

The online report, titled “Saving America by Saving the Family: A Foundation for the Next 250 Years,” published Jan. 8 by The Heritage Foundation, lays out ways the group says the United States can “restore the family home,” including through monetarily incentivizing couples to have children and stay married, among other efforts.

The report has since drawn some criticism online, much of it aimed at the “marriage bootcamps” outlined in the plan that would end with people who participated in the program taking part in a communal wedding.

What’s in the Heritage Foundation report? Call for more marriage, babies.

In its report, the Heritage Foundation calls on the Trump administration and Congress to consider a plethora of proposed actions that they say would help reverse the declining birth rate in the United States, which they call “America’s family crisis.”

Overall population growth has slowed “significantly,” with an increase of just 1.8 million people between July 1, 2024, and July 1, 2025, according to U.S. census estimates released on Jan. 27.

There were about 519,000 more births than deaths in the United States between July 2024 and July 2025, representing similar growth as the year before, the Census Bureau said. The birth rate is higher than during the pandemic, but it still “represents a significant decline from prior decades,” according to the agency.

The report outlines The Heritage Foundation’s plan to combat this, including reforming current programs related to welfare, higher education, surrogacy and more, while placing family building and marriage at the focus of both American lives and politics.

Some of the other major suggestions in the report include:

  • Reviewing grants, policies, and regulations that the federal government is involved with to “measure how it helps or harms marriage and family.”
  • Financially incentivizing marriage and childbearing by placing $2,500 into investment accounts for newlyweds.
  • Rerouting the current $17,670 adoption tax credit to married parents for each of their own newborns, as long as one parent is employed.
  • Reforming educational curriculum to teach life skills like relationship management, parenting basics, and financial literacy.
  • Revising higher education subsidies to allow Americans to “avoid pointless debt, start their careers earlier, and form families sooner.”

‘Marriage bootcamps’ and a communal wedding

The report also floated the idea of “marriage bootcamps” that aim to cover topics like communication, money management and conflict resolution for “cohabiting couples with children.”

The successful completion of the program would conclude with couples “ready to walk down the aisle at a communal wedding,” the report states, and a potential $5,000 monetary incentive − funded by foundations or private donors − for couples to get married. Additionally, newlyweds would leave with a mentor couple to guide them through marriage following the wedding.

Delano Squires, director of The Heritage Foundation’s Richard and Helen DeVos Center for Human Flourishing, told USA TODAY that programs supporting marriage like this already exist, and federal funding has in the past been designated for marriage education, including by the Administration for Children & Families. Ideally, he added, the program would create and support a culture of marriage in what he called “marriage deserts,” or places where people want to get married but aren’t.

“We know that in some of these neighborhoods, particularly low-income, working-class neighborhoods, people are not getting married before having children. But you can find a critical mass of cohabiting couples, right? So, they have kids together, they live together. Oftentimes, their finances are mixed up together,” Squires said. “How about we … work with them to move them from, as old folks would say, shacking up to settling down.”

Paul Eastwick, relationship psychology expert and author of “Bonded by Evolution: The New Science of Love and Connection,” said that while he views the mentor couple idea as potentially beneficial for newlyweds, he is unsure how successful the overall bootcamps would be based on the usefulness of similar past programs, like former President George W. Bush’s Healthy Marriage Initiative.

“It’s kind of based on a broken idea about what makes for good relationships, or at least what prevents bad relationships. Because the assumption was, if we just give people the skills, they’ll like do coupledom better,” Eastwick said.

However, there’s a risk that the delivery of these skills and marriage tips, such as in a classroom format, might not resonate with people trying to manage their marriage or be beneficial in the end, he added.

“There’s good evidence that therapy can work, but a lot of ways that therapy works, it’s not like teaching skills in the abstract. It’s not like you take a class and you get an ‘A’ and now you’re ready to be married,” Eastwick said. “That’s not where most of the goodness or the badness of a relationship comes from.”

Alternatively, Eastwick said he is more concerned with loneliness than marriage when it comes to a lack of socialization and relationships in the U.S. Getting people to spend time together and form connections in person would be his first step to reduce that loneliness that could eventually result in more relationships, he added.

“We don’t want to go back to where we were stigmatizing people for wanting to be single,” Eastwick said. “But if you’re single and looking, if there are creative ways of helping these people to find each other that aren’t swiping, I think that’d be great.”

Social media users react to ‘Saving the Family’ plan

The Heritage Foundation’s plan is a recommendation to the Trump administration that has not been adopted. The camp is also designated as being for cohabiting couples with children.

But the report is still receiving mixed responses from some social media users who view the plan as a potential way for the government to control aspects of their personal lives.

“It’s every bride’s dream,” says user @wiscocowboy sarcastically in a TikTok video. “A forced communal wedding.”

 

This entry was posted in Uncategorized on February 12, 2026 by sterlingcooper.

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