Billionaire who's fighting death makes a shocking new claim
In an X post, he said: "Last Bitcoin halving is in 2140. I'm gonna be here for that — and make sure you are too." The post was accompanied by a promotional image for a conference, where he is scheduled to speak from May 27 to May 29 in Las Vegas.
According to Fortune, Johnson spends millions each year to reverse his biological age using experimental regenerative techniques, which include red-light therapy, plasma infusions, and data-driven biometrics.
He is the lead investor and principal investigator in "Project Blueprint," an initiative designed to achieve an impressive state of longevity, which evaluates numerous important biomarkers and transcends boundaries between biohacking and technology into untapped biogeography.
Johnson has garnered worldwide interest for his efforts to slow or reverse aging through obsessive self-experimentation and the utilization of novel medical technologies, such as plasma transfusions and red light treatment.
Bitcoin halving is a regular feature of the code in cryptocurrencies. Approximately every four years, the miner's reward for mining new Bitcoins is halved, which reduces the total amount of Bitcoins mined over time.
Eventually, it is expected that the last bitcoin will be mined sometime around 2140, and at that time, the Bitcoin release will cease, and the total number will reach a hard cap of 21 million.
Billionaire who's fighting death makes a shocking new claim first appeared on TheStreet on May 27, 2025
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Boston Globe
an hour ago
- Boston Globe
Want more growth? Welcome more immigrants.
Which means the only way to ensure the population base needed to keep the economy growing is to increase the number of immigrants entering the United States. Much of the public supports President Trump's ferocious crackdown on illegal immigration. The administration is obsessed with rounding up and deporting foreigners who have been living in the country without proper documents. Whatever the wisdom of that policy, it ignores the fact that the vast majority of unlawful migrants who enter the country come here to work in peace. The US economy in recent decades has fueled an unprecedented demand for labor, but there aren't nearly enough legal channels to accommodate that demand. The result has been an influx of migrants crossing the border unlawfully. And that in turn eventually triggered the political backlash that helped send Trump to the White House. Advertisement All the while, however, millions of jobs are going unfilled in this country, because there aren't enough working-age Americans to fill them all. Clearly the best way to solve the problem of illegal immigration is to make it easier for foreigners to immigrate to America legally . That, in turn, is the only way the United States can have the expanding labor force necessary to achieve economic growth and higher living standards in the decades ahead. In The authors show that nearly half of the net growth in the US labor force over the past decade has come from immigrants. That might seem surprising since only about 1 in 7 Americans are foreign born. But immigrants are more likely to work than native-born Americans of working age. In 2023, just under 60 percent of US-born natives age 16 and older were working. Among immigrants, the percentage was almost 65 percent. 'Over the past decade, immigrants have filled nearly 40 percent of the new jobs in America,' Vedder, Moore, and Denhart write. And for most of that time, the unemployment rate has remained at historically low levels — evidence that immigrants are not displacing US-born citizens from jobs that would otherwise have gone to them. With roughly Advertisement But what makes immigrants so valuable to the US economy goes beyond their propensity to work. There is also their extraordinary performance as innovators and entrepreneurs. More than 45 percent of Fortune 500 companies were founded by immigrants or their children, and immigrants are more than twice as likely as US natives to start a business. In 2023, according to Such statistics are striking, but they also stand to reason. Almost by definition, immigrants have a higher than normal willingness to take chances, to relinquish the familiar, and to try new things. It shouldn't come as a surprise that newcomers from abroad are fired with a passion to dream the American Dream, or that Immigration increases both the labor supply and labor demand, which helps explain why states with the highest immigration inflows, such as Texas and Florida, are associated with lower unemployment than other states. Because immigrants are more likely to work and to start businesses, their presence leads to higher rates of economic growth. 'The parts of the United States with the highest proportion of population coming from other nations have higher levels of total output per capita,' the Unleash Prosperity authors show. Thus, in the 10 states with the highest percentage of immigrants, output per capita is nearly 40 percent higher than in the 10 least immigrant-intensive states. To be sure, correlation may not prove causation, and immigration is not the only factor affecting economic output. But it is hard to dispute that immigration and growth go together. Advertisement What is true nationally is true locally. At a presentation I attended in 2012, Boston's then-mayor Thomas Menino rattled off a slew of numbers that underscored how much foreigners added to the city's prosperity. There were 8,800 immigrant-owned small businesses in Boston, Menino said, producing nearly $3.7 billion in annual sales and employing more than 18,000 people. At the time, immigrants living in Boston were spending $4 billion per year, generating $1.3 billion in state and federal taxes. Since 2012, the To fully understand why robust immigration boosts American prosperity, it is crucial to take into account the contributions of their children . The United States would never have become the world's foremost economic powerhouse if not for the innovations of first-generation Americans — men and women whose parents were immigrants. Steve Jobs, the co-founder of Apple, was the son of an immigrant from Syria. Larry Ellison, creator of the software firm Oracle, was born to a single mother from Ukraine. Jeff Bezos was raised by Miguel Bezos, who immigrated from Cuba. Henry Ford's father came to America from Ireland. Advertisement Needless to say, millions of other first-generation Americans, though not as famous or as rich as the megabillionaires, have contributed to every American industry and field of endeavor. And in the process they have typically risen to greater heights than their foreign-born parents. 'Since immigrants arriving in America are typically poor (particularly these days because of the large recent inflow of relatively unskilled illegal aliens), immigrant poverty rates are higher than that of native-born Americans,' the three authors observe. 'But poverty among their adult children is typically below that of the native born. Moreover, while immigrants themselves are more likely than native-born Americans to receive graduate or professional degrees, their education is modest relative to their own children, who exceed native-born Americans in terms of high-level educational attainment.' In short, without immigrants and their children, the United States would be a poorer, duller, less influential, less desirable nation. That is especially true given the crisis of America's 'birth dearth,' since immigrants tend, on average, to be younger and to have more children than natives. According to Census Bureau calculations, the number of working-age US-born Americans is projected to fall by 5.3 million between now and 2040. Over the same span, the population of working-age immigrants is expected to grow by 1.9 million. Immigration has always been the great growth hormone of American history. More immigrants have always meant more economic development, more innovation, more cultural richness. That is as true today as it has ever been — and it is compounded by the fact that the US economy desperately needs more workers. Border control is not incompatible with a policy of welcoming immigrants with open arms. And the surest way to dissuade illegal immigration is to create more opportunities for would-be Americans to immigrate lawfully. Advertisement Anti-immigrant demagoguery may excite some in the MAGA camp; there has always been an appetite for Expanding legal immigration is a pro-growth, pro-worker, and pro-sovereignty agenda. It is the best way to strengthen the rule of law, suppress mayhem at the border, and maintain America's role as a safe haven for the oppressed — all while attracting the young and dynamic workforce on which US growth depends. We have always needed more immigrants. Now, as the United States is about to enter its second quarter-millennium, we need them more than ever. To open our gates to striving would-be Americans is to turbocharge the economy and enrich the American way of life. Much has changed since This is adapted from the current , Jeff Jacoby's weekly newsletter. To subscribe to Arguable, visit . Jeff Jacoby can be reached at
Miami Herald
an hour ago
- Miami Herald
Americans get ‘Big Beautiful Bill' tax cuts
President Donald Trump has signed into law the One, Big Beautiful Act (OBBA), and for taxpayers in high-tax states like California and New York, it may offer long-awaited relief - at least for a few years. The law temporarily raises the cap on the federal deduction for state and local taxes - known as the SALT deduction - from $10,000 to $40,000 beginning in 2026. Don't miss the move: Subscribe to TheStreet's free daily newsletter The cap will increase slightly each year with inflation through 2029, reaching $41,616. Starting in 2030, however, the cap snaps back to $10,000 unless Congress takes further action. Photo by Igor Omilaev on Unsplash The $10,000 SALT cap was introduced by the 2017 Tax Cuts and Jobs Act (TCJA), limiting the amount taxpayers could deduct for property taxes and state income or sales taxes. There was no cap prior to the TCJA. The restriction hit hardest in states with high property values and income taxes, reducing deductions for many upper-middle-class and affluent households. Under the OBBA, taxpayers with modified adjusted gross income (MAGI) over $500,000 in 2025 will see the expanded deduction phased down. Specifically, their SALT deduction will be reduced by 30% of the amount by which their MAGI exceeds that threshold - but never below the original $10,000 limit. That $500,000 threshold will also be adjusted for inflation through 2029. Earlier versions of the OBBA included provisions to limit common SALT workarounds - such as state passthrough entity taxes (PTETs) - which business owners often use to sidestep the cap. One proposal would have barred specified service trades or businesses (SSTBs) from deducting these taxes. Another would have capped the PTET deduction based on a formula tied to a taxpayer's unused SALT limit. But those measures didn't make it into the final law. Related: Social Security payment dates for July 2025: what you need to know "The adopted version of the bill merely increases the SALT cap and does not attempt to limit or address the various workarounds," wrote Alistair Nevius in the Journal of Accountancy. The American Institute of CPAs had pushed to preserve PTET usage - and, for now, they've succeeded. It's too early to say exactly how many taxpayers will benefit from the higher SALT cap. In 2017 - before the TCJA took effect - more than 46 million tax returns included itemized deductions, representing about 30% to 32% of all filers. But after the law nearly doubled the standard deduction and imposed the $10,000 SALT cap, the number of itemizers dropped sharply - down to roughly 17 to 18 million in 2018, and just 15 million by 2022. That's fewer than 10% of all returns. Related: Legendary fund manager has blunt message on 'Big Beautiful Bill' With the cap now temporarily rising to $40,000 and the standard deduction made permanent, that calculus may shift again. The number of taxpayers who choose to itemize is expected to increase - particularly those in high-cost states and those who make large charitable donations, both of whom are more likely to have deductible expenses that exceed the standard deduction threshold. Alongside the SALT relief, the OBBA also makes the TCJA's expanded standard deduction permanent. Starting in 2025, the new baseline amounts will be: $15,750 for single filers$23,625 for heads of household$31,500 for married couples filing jointly All adjusted annually for inflation beginning in 2026. Taxpayers age 65 and older will see a small but potentially meaningful benefit under the OBBA: a new, temporary $6,000 deduction aimed at easing their tax burden. But before you count on pocketing that full amount, it's important to understand the fine print. Related: Young workers face stark Social Security reality According to Kelly Phillips Erb, the managing shareholder of The Erb Law Firm - and widely known as the "Taxgirl" - this new provision is a deduction, not an exclusion, and not everyone will qualify. "This is an age-based deduction," Erb said in a recent Facebook post. "You don't need to be receiving Social Security to claim it - you just need to be at least 65. That means if you've deferred your Social Security benefits to age 70, you're still eligible." On the other hand, younger taxpayers who are receiving Social Security retirement benefits or are on Social Security Disability Insurance (SSDI) do not qualify unless they've reached age 65. Here's how the new deduction works: Amount: Up to $6,000 per You must be 65 or older and have a valid Social Security Phaseouts: The deduction begins to phase out at $150,000 for joint filers ($75,000 for all others) and disappears entirely once income reaches $350,000 for joint filers ($175,000 for others).Refundability: It's not refundable - meaning if your income is low enough that the deduction exceeds your tax liability, you don't get money Status: Available whether or not you Requirements: You must still report your Social Security income if you're otherwise required to file. And importantly, this deduction is temporary. It's in effect for tax years 2025 through 2028 - unless extended by future legislation. Some confusion has already cropped up online, with questions about whether the new deduction eliminates taxes on Social Security benefits. The answer is no - at least not across the board. "This doesn't mean Social Security benefits are now tax-free for everyone," Erb said. "According to the White House, before this deduction, about 64% of Social Security beneficiaries paid no tax on their benefits. With the new deduction, that number rises to 88%." So yes, more retirees will avoid taxes on their benefits - but high-income beneficiaries will still see some or all of their Social Security taxed. Alongside changes to the SALT deduction, standard deduction, and the senior bonus deduction the One, Big Beautiful Act (OBBA) delivers several key updates to the tax code that will affect families, business owners, and estate planners for years to come. Starting in 2025, the nonrefundable portion of the child tax credit increases to $2,200 per child and will be adjusted for inflation in future years. The law also makes permanent the refundable portion of the credit - currently $1,400 - and ensures that it, too, will rise with inflation. Importantly, the income thresholds at which the credit begins to phase out remain unchanged: $200,000 for single filers and $400,000 for joint filers. Those levels, which had been temporarily increased under the 2017 Tax Cuts and Jobs Act, are now permanent. In addition, the bill preserves the $500 nonrefundable credit for each qualifying dependent who isn't a child - such as elderly parents or college-age children - giving some relief to so-called "sandwich generation" households caring for multiple generations. For small business owners and the self-employed, the law brings welcome news: The popular 20% qualified business income (QBI) deduction under Section 199A is now permanent. While the House version of the bill would have raised the deduction to 23%, the final legislation retains the existing 20% rate. However, it does expand eligibility by increasing the income thresholds where the deduction begins to phase out for specified service trades or businesses (SSTBs), such as law, medicine, and financial services. For non-joint filers, the phase-in threshold increases from $50,000 to $75,000. For joint filers, it rises from $100,000 to $150,000 - a meaningful change for those who were previously phased out too quickly. In a further nod to Main Street businesses, the bill introduces a new inflation-adjusted minimum deduction of $400 for taxpayers with at least $1,000 in qualified business income from one or more active trades or businesses where they materially participate. For those concerned with legacy and estate planning, OBBA also delivers a major change. Starting in 2026, the estate and lifetime gift tax exemption will increase to $15 million for individuals - or $30 million for married couples filing jointly - and will be indexed for inflation in subsequent years. That's a significant shift from the current exemption levels, which are scheduled to revert to roughly $6 million per person in 2026 under the pre-TCJA rules. With this change, high-net-worth individuals have a much larger window to transfer wealth tax-efficiently - assuming the new exemption remains in place long-term. Related: How the IRS taxes Social Security income in retirement The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
2 hours ago
- Yahoo
'Bitcoin Is Bad For Dictators?' Why Human Rights Foundation Strategist Says Bitcoin Is 'Freedom Money'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Most people see Bitcoin as an investment or a technological advancement. But for millions of people living in unstable economies and oppressive regimes, the asset offers a rare escape hatch, says Human Rights Foundation strategy chief Alex Gladstein. Goldstein said Bitcoin is 'a very powerful human rights tool' at the 2025 Bitcoin Policy Summit on Monday. For one, Goldstein said Bitcoin provided an avenue for many to escape hyperinflation or even just basic inflation. He said that while citizens of developed societies could save in stocks and bonds to escape inflation, most of the world did not have that privilege. On the other hand, Bitcoin is accessible to everyone, he said. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . 'Bitcoin represents a fundamental new opportunity and a parallel system that's equal for anyone in the world, like anyone can join it,' he said. 'And that's just so profound, especially given that it's literally the best performing financial asset of the last 15 years.' Gladstein also discussed Bitcoin's potential to help individuals evade financial surveillance and censorship if used right, citing the increased weaponization of the financial system by autocratic and even some democratic leaders against opponents and activists. 'With Bitcoin, the ability of these leaders to do these things is completely decimated,' he said. 'So it's so much harder for governments to track people if they use Bitcoin the right way, without linking their ID to it. Obviously, if you're self custodying your Bitcoin, governments can't delete or freeze your stuff, and they certainly cannot hyperinflate you.' Trending: New to crypto? on Coinbase. Gladstein said that Bitcoin has been solving these problems for activists since at least 2013, citing the protests against then-Ukrainian President Viktor Yanukovych's government. He said the Human Rights Foundation was able to support protester with Bitcoin after their bank accounts were frozen. Gladstein anticipates that the adoption of Bitcoin by activists globally will only continue to grow with time, citing similar occurrences in Russia, Nigeria and Belarus in recent years. 'The things that these people are doing with Bitcoin, it's impossible to use US dollars,' he said. 'Technologically, they just don't work.' Gladstein said all these made Bitcoin 'freedom money,' adding, 'Bitcoin is bad for dictators.''I'll admit to you, as a longtime human rights activist, that a lot of the activism is virtue signaling,' he said. 'But if you can teach somebody how to use Bitcoin and achieve property rights and financial freedom and free speech for themselves and for their family, for their communities, man, that's real impact.' The Human Rights Foundation has raised over $6 million to support human rights work, boasting over 75 creative and tech partnerships with activists, the non-profit's website says at last look. The organization also boasts a Bitcoin Development Fund that supports individuals and projects that make tools for Bitcoin and other 'freedom technologies' that help activists in challenging environments. Human Rights Foundation said it gave out 800 million satoshis or 8 BTC to 22 'freedom tech projects' across Africa, Asia and Latin America in May. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Image: Shutterstock This article 'Bitcoin Is Bad For Dictators?' Why Human Rights Foundation Strategist Says Bitcoin Is 'Freedom Money' originally appeared on
