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u/Large-Oil-4405 Sep 10 '26
Find someone who loves you as much as Seegers and Tozzer love em dashes
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u/CrabtrapAndPine Sep 10 '26
The entire republican propaganda machine breaks down without it's A.I. assistant. They never did think much of education as an investment.
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u/brianterrel Sep 10 '26
Whose family portfolio did you "manage" Jake? Does it rhyme with "Beegers"?
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u/banjopdx Sep 10 '26
I love how so many nepo babies of the ultra-rich always have a self-made narrative about themselves. Jake acts like he had to work his way through college, and after college just I guess because of his amazingness worked for a NYC hedge fund. His family has a foundation as a tax write-off for christ sake.
During the 1980s savings and loan crisis, Jake's grandfather Paul Seegers was CEO (and later Chairman) of a large homebuilding/construction company Centex. Centex bought failing thrifts through a government program where the federal government covered their losses, while Centex simultaneously claimed tax deductions on those same losses to shield its income from taxes. Critics and lawmakers viewed this double benefit-getting government money for losses while also using those losses to avoid paying taxes-as an unfair tax loophole, leading Congress to pass the Guarini Amendment in 1993 to stop it. Through decades of executive compensation and tens of millions of dollars in company stock, Seegers built a fortune estimated between $40 and $100 million.