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420, 4:20 or 4/20 (pronounced four-twenty) is cannabis culture slang for marijuana and hashish consumption, especially smoking around the time 4:20 p.m. (16:20). It also refers to cannabis -oriented celebrations that take place annually on April 20 (4/20 in U.S. date form).
Charles Ponzi, the namesake of the scheme, in 1920. A Ponzi scheme (/ ˈ p ɒ n z i /, Italian:) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. [1]
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In the United States, for example, stock gains are generally taxed at two levels: For long-term capital gains (stocks sold after a minimum of one year's ownership, the tax rate currently (2024) is 20%. For short-term trades (stocks bought and sold within a 12-month period, capital gains are taxed at one's ordinary tax rate (e.g., 28%, 30%, 35%).
Once the capitalist has deducted fixed and variable operating costs of (say) $20 (leather, depreciation of the machine, etc.), he is left with $10. Thus, for an outlay of capital of $30, the capitalist obtains a surplus value of $10; his capital has not only been replaced by the operation, but also has increased by $10.
The Summer Olympic Games, also known as the Summer Olympics or Games of the Olympiad, is a major international multi-sport event normally held once every four years. The inaugural Games took place in 1896 in Athens, Greece, and the most recent was held in 2024 in Paris, France.
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