Sunday, June 18, 2023

June, 2023, Part 3, Political Class Insanity: DC Homicides, California Politicians Steal Parental Rights, and The Rich In Norway Move To Low Tax Switzerland

  Every month we devote posts to just general political class insanity that is running rampant through the country. The members of the American political class continue to show that they are incapable of operating any level of government in this country. 


Even their best efforts are almost always inefficient and ineffective at resolving any problem facing Americans. They spend a great amount of time not trying to improve the lives of their citizens but continually ensuring their reelection and enriching themselves, their families, and their friends in the process, all at taxpayer expense.


Lately it seems like the insanity is getting more frequent and more intense as politicians continue to fail us all. Let’s look at just for of the latest examples of political class insanity:


1)We have often  talked about the shooting gallery that is the city of Chicago, where dozens of people are shot every week in an endless stream of violence. And the local political class has no idea how to stop the crime, stop the violence, and stop the homicides.


But Chicago is not the only major U.S. city, almost all of which are run by liberals and Democrats, with a violence problem and which has a local political class which has no idea how to stop it:


  • Washington D.C. recently hosted its 100th homicide of the year, less than half way through the year.

  • It has been 20 years since this many murders happened this quickly in the District.

  • According to a D.C. police press release: “In 2022, the 100th homicide was recorded on June 24. In 2021, the date was July 10. Over the past 10 years, the average date that we have reached this grim marker is October 25.”

  • According to Police Union Chairman Gregg Pemberton: “This increase in crime is due to D.C. Council’s implementation of misguided ‘police reform’ legislation. The Council’s actions have had a chilling effect on professional and responsible policing and caused over 1,200 police officers to leave the agency.”

  • And yet in light of this violence, the D.C. town council actually put forth legislation to weaken criminal penalties for carjacking and homicide, indicating that they still do not have a clue to what is going on and how they are endangering their citizens’ lives.

  • Fortunately, Congress overruled and struck down the legislation, something they have the power to do.

  • All  of which has resulted in police resignations, which are outpacing  retirements, and recruiting new police officers has been very very difficult.

  • The fact that the U.S. District Attorney for D.C. declined to prosecute 67% of the people arrested by police in the District may account for the police staffing crisis: why bother arresting perps when the chances they will be prosecuted is so low?


As we have said so many times before, a basic, basic function of any government entity is to protect the lives and property of the people they govern. No matter how well they execute other functions, if they cannot protect their citizens they are failures as political leaders. And much like Chicago, the politicians in D.C. continue to be abject failures.


2)We have often discussed and have been tracking the migration patterns of residents and businesses in the country. It has become quite obvious, and is becoming more and more obvious every day, that people are leaving high tax, high crime, and low quality of life cities and states and heading towards other areas of the country where they enjoy much more freedom to live their lives they way the want: lower taxation, lower government regulations, lower crime, etc.

The cities that are losing residents and business at an ever increasing rate include Chicago, New York City, Los Angeles, San Francisco, and a few others. Their home states,  including California, New York. Illinois, and New Jersey, are in the same boat. This out migration causes the city and state tax bases to  shrink which results in lower tax revenue for the government which raises tax rates to make up the difference which causes more residents and businesses to leave and the financial death spiral is in place.

And this situation is not helped when a member of the local  political class actually comes out and encourages citizens to flee their state, given the oppression and idiocy they see happening:

  • A California politician who is a senator in the state legislature is actually encouraging Californians to “flee” the state based on recent legislation that was passed by the state government.

  • The legislation would hold parents guilty of child abuse if they did not “affirm” their kid’s personal gender identity.

  • In other words, politicians in the state now feel they have the power to dictate to parents how to raise their kids.

  • Senator Scott Wilk issued the warning relative to Assembly Bill 957 which says “a parent’s affirmation of the child’s gender identity as part of the health, safety, and welfare of the child.”

  • In other words, child abuse now includes a parent not supporting a kid’s gender preference, and not doing so would be a violation of a kid’s health, safety, and welfare.

  • This issue could also help sway custody rights in a divorce if one parent decides to affirm their child’s gender preference while the other does not, a dangerous criteria for determining the best interests of a child.

  • According to Wilk: “In the past, when we’ve had these discussions, and I’ve seen parental rights atrophy, I’ve encouraged people to keep fighting. I’ve changed my mind on that — if you love your children, you need to flee California. You need to flee.”

  • Amd Wilk plans to take his own advice: “I love this state. I’m not going to stay in this state because it’s just too oppressive. I believe in freedom, and so I’m going to move to America when I leave the legislature.”

As we have always said, people naturally want to be free. Free to keep their hard earned wages, free of government regulation and now we can include the matter of being free from the government and its politicians dictating the gender of our kids. This so smacks of 1984 and the Communist Manifesto, two instances where the government overrules parental rights. Insanity.

3) Apparently it is not just sensible Americans that are moving out of high priced, high taxed government entities to places where they are free to keep their hard earned wages. Consider what the idiots in the Norwegian political class have done to their citizens from an over taxation perspective:


  • Apparently Norwegians who earn over the equivalent of $135,000 a year are classified as “rich” by the government.

  • Thus, they not only incur high income tax rates on their current year income but they are also assessed another tax, a wealth tax, of .85% on top of that current year income tax rate.

  • For example, if a “rich” Norwegian has a net worth of say $1 million, they would pay an  additional tax of $8,500 on that wealth they have accumulated.

  • That is bad enough but the Norwegian political class is going to hike that wealth tax to 1.1% later this year.

  • And citizens that earn over $1.8 million are assessed an additional wealth tax of 1.3%.

  • Not unexpectedly, the rich Norwegians really do not like such heavy taxation.

  • According to news reports, 30 of the wealthiest Norwegians have simply packed up and fled the country to places where they will get to keep a much higher percentage of not only their income but also their accumulated wealth.

  • These 30 total more than  the number of rich folk who have left the country in total over the past 13 years.

  • Thus, it appears the Norwegian government will end up with LESS tax revenue despite the higher tax rates since they now have a smaller tax base of rich people to lean on.

  • Most of the wealthy leaving Norway are settling in low tax Switzerland.

  • Norway’s richest man, Kjell Inge Røkke, recently moved to Lugano, Italy to escape his home country’s wealth tax increases. 

  • As a result, Norway lost $16 million in taxes a year just from him: “This was not what I wanted, but the toughened and increased tax rules of the current government means that I, as the founder and responsible owner, have no choice.”


People just want to be free, whether it is here in  the U.S. or in Norway. A few years ago the state government in Maryland decided to further stick it to their citizens that were earning over a million dollars a year via a higher state income tax rates. Within a few short years they were getting less tax revenue from the state’s millionaires even  though they were assessing those millionaires at a higher tax rate. Many of the state's millionaires just moved to a lower taxed state, Maryland’s higher tax rates be damned.


In California, a state that we believe is one of the most likely states to go bankrupt first, an amazing 1% of the population accounts for a whopping 50% of the state’s income tax stream, making the state government very vulnerable to out-migration of the wealthiest state residents. And that is exactly what is happening as businesses and residents leave the state for more freedom with a strong migration out of Hollywood leading the way to less taxed environments (e.g. Mark Wahlberg, Scott Baio, Matthew McConaughey, Rob Schneider, etc.). 


In almost all cases, the government does not have an under taxation problem, they always seem to have an overspending problem. And rather than fix their overspending problem, they continue to raise taxes which continues to erode their tax base which continues to reduce their revenue stream and eventually their financial house of cards collapses into bankruptcy.


That is enough insanity for today: high taxation rates make people move, whether in California or Norway, California politicians seize control of parents rights, and another liberal city and its politicians continue to fail at protecting their citizens’ lives.


Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:


Saturday, June 17, 2023

June, 2023, Part 2, Political Class Insanity: The Biden's Presidential Failures and Corruption Continue Unabated

  Every month we devote posts to just general political class insanity that is running rampant through the country. The members of the American political class continue to show that they are incapable of operating any level of government in this country. 


Even their best efforts are almost always inefficient and ineffective at resolving any problem facing Americans. They spend a great amount of time not trying to improve the lives of their citizens but continually ensuring their reelection and enriching themselves, their families, and their friends in the process, all at taxpayer expense.


Lately it seems like the insanity is getting more frequent and more intense as politicians continue to fail us all. Let’s look at just for of the latest examples of political class insanity:


1) Any rational person in this country knows that Biden’s economic policies have been a disaster. Supply chain problems, high inflation, massive additions to the national  debt, soaring interest and mortgage rates, the list goes on and on.


But Biden claims his policies have been great and that he has created “our historic economic progress.” However, the numbers would disagree with him especially when it comes to Federal income tax results. If the economy is so great, then why is the Federal government collecting less and less in taxes? Past economic good times have ALWAYS resulted in booming Federal government tax receipts.


Consider:

  • In the first seven  months of fiscal year 2023 the Federal government has collected $2.99 TRILLION in taxes while spending $4.16 TRILLION, adding a whopping $1.2 TRILLION to the national debt in only seven months.

  • In the first seven months in 2022, the Federal government spent $3.8 TRILLION and got $3.37 TRILLION in tax revenue, certainly adding less to the national debt but still not a good thing to add half a trillion dollars to the debt in only seven months.

  • But if the Biden economy is so great, why did the Feds collect about $370 billion less in tax revenue in 2023 vs. 2022?

  • April is usually the best month for Federal government tax collection because income tax filing time is April 15.

  • However, in 2023 the Federal government collected $102 billion more than it spent,  which seems like a good thing, until you realize that in  2022 the Federal government had a $373 billion surplus in  April, almost four times what the surplus was in 2023.

In  Biden’s economy, the Federal government spends a lot more every year while collecting a lot less, a formula for a financial crash of epic proportions in the not too distant future.

2)We have made no attempt to hide our feeling that Joe Biden has been in significant cognitive decline for a number of years. Having been the co-executor of an elderly uncle’s estate and witnessed what happened to his cognitive abilities as he descended into dementia, his behaviors and the behavior of Biden have been very, very similar.

And both of them, as the decline worsened, said and did incoherent things with Biden recently coming up with one of his most incoherent rantings ever. In a recent speech, he claimed that there were plans to build a railroad from the Pacific Ocean “across” the Indian Ocean: "We have plans to build a railroad from the Pacific all the way across the Indian Ocean. We have plans to build in Angola, one of the largest solar plants in the world. I could go on, but I'm not. I'm going off script. I'm going to get in trouble."

Makes absolutely no sense. The rest of the world sees his incoherence and must shake their heads that he is in charge of the country, “a railroad from the Pacific all the way across the Indian Ocean.”  This is how broken our political system is in this country that he could somehow become the President, one of the most powerful people in the world who has access to nuclear launch codes, and he talks this nonsense.

I am not mocking the man, I feel extremely sorry for him. I felt sorry for him when his wife, his family, and his political handlers put him through the pressures of a Presidential campaign, and how lost and bewildered he looks now. In fact, we have often stated that those folks should be prosecuted for elder abuse. It is not fair to him and it certainly is not fair to the rest of the country to have a leader who thinks that he can build a railroad from the Pacific to the Indian Ocean and more importantly even if it was possible, why would we do it?

His actually remarks can be seen at the following link:

https://www.foxnews.com/politics/biden-mocked-plans-build-railroad-across-indian-ocean-bold-initiative


3)Not knowing what economic policy is may be the least of Biden’s problems as it becomes more and more clear that he and his son likely participated in any number of illegal financial dealings while he was Vice President. And at least one of those illegal dealings may have involved the Biden family members receiving millions and millions of dollars:


  • Bursima is an Ukrainian energy company that somehow had Hunter Biden, Joe’s son, on its board of directors, paying him tens of thousands of dollars a month, even though Hunter had absolutely no background or ability in the energy field.

  • Senator Chuck Grassley recently said that a Bursima executive had in his possession 17 audio recordings of his conversations with both Bidens.

  • The executive referred to those recordings as his “insurance policy.”

  • Why would he need an  insurance policy you might ask?

  • Well, this executive allegedly paid Joe Biden and Hunter Biden $5 million each as part of a bribery scheme.

  • Grassley says that the FBI  generated a standard report that has a “redacted reference that the Bursima executive possesses fifteen audio recordings of phone calls between himself and Hunter Biden.”

  • That form, a so-called FD-1023, also references two calls the executive had with Joe Biden, "The 1023 produced to that House Committee redacted reference that the foreign national who allegedly bribed Joe and Hunter Biden allegedly has audio recordings of his conversations with them. 17 total recordings. According to the 1023, the foreign national possesses 15 audio recordings of phone calls between him and Hunter Biden. According to the 1023, the foreign national possesses two audio recordings of phone calls between him and then-Vice President Joe Biden.”

  • Grassley is demanding that the Department of Justice and the FBI produce any and all work that they did relative to the alleged bribery scheme.

  • According to a Fox News report, the Burisma executive paid Joe and Hunter Biden $5 million each:  “The $5 million payments appeared to reference a kind of ‘retainer’ Burisma intended to pay the Bidens to deal with a number of issues, including the investigation led by Shokin. Another source referred to the arrangement as a ‘pay-to-play’ scheme.”


Serious accusations if true: a sitting Vice President of the United States taking millions of dollars in bribes from a foreign entity who undoubtedly was not being generous out of the goodness of his heart but who expected certain favors in return.


And this would not be the first time that Biden had shady dealings with Bursima and the Ukrainian government. Several years ago his son was being investigated for illegal  activities in Ukraine but Biden stepped in and told the Ukrainian government that if they did not fire the prosecutor investigating his son, that Biden would see that a billions dollars of U.S taxpayer aid would not be forthcoming. 


Yes, he blackmailed the Ukranians using our tax dollars. A video of Biden bragging about his blackmail can be accessed at the following link:


https://www.wsj.com/video/opinion-joe-biden-forced-ukraine-to-fire-prosecutor-for-aid-money/C1C51BB8-3988-4070-869F-CAD3CA0E81D8.html


Biden continues to reinforce our view that he is the worst President to serve this country in the past 100 years, worse than Carter, worse than  Nixon. Bad economic policies, crushing Federal government debt growth, and pure, unadulterated corruption for him and his family’s self enrichment. Combine that with his long history of racist comments, sexual predator behavior, and constant lying and no one comes close to being any worse.


Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at:

Monday, June 12, 2023

June, 2023, Part 1, Political Class Insanity: Romanian Crime Wave and Both California and The Federal Government Approach Their Own Financial Death Spirals

 Every month we devote posts to just general political class insanity that is running rampant through the country. The members of the American political class continue to show that they are incapable of operating any level of government in this country. 

Even their best efforts are almost always inefficient and ineffective at resolving any problem facing Americans. They spend a great amount of time not trying to improve the lives of their citizens but continually ensuring their reelection and enriching themselves, their families, and their friends in the process, all at taxpayer expense.


Lately it seems like the insanity is getting more frequent and more intense as politicians continue to fail us all. Let’s look at just for of the latest examples of political class insanity:


1)We frequently discuss the distinct possibility that several states (Illinois, New York, New Jersey, California) and several large cities (New York City, Chicago, Los Angeles, San Francisco) are fast approaching a financial death spiral. This death spiral will eventually result in bankruptcy and all kinds of problems for a city or state’s residents and businesses. 


A city or state death spiral will likely unfold as follows:


  • A city or state’s politicians continue to spend more and more taxpayer money which means they constantly have to increase the tax burden.

  • This higher tax burden results in more and more residents and businesses fleeing a state or city so that they can keep more of their hard earned wealth.

  • This reduces the tax base which results in lower government tax revenue.

  • Rather than cut spending to match the lower tax revenue stream, the politicians raise taxes to recoup the tax money they lost to out migration.

  • This leads to more businesses and residents fleeing the even higher tax burden which reduces the tax base and tax revenue stream and the financial death spiral  is underway.


The question is which state or city will crash first. While for a long time we thought that Illinois had the best chance to be the first state to go bankrupt, recent numbers indicate that California may eventually beat them out:


  • According to Census data, the state of California has lost over 700,000 residents over the past three years.

  • This does not include the many businesses that have left the state in one form or another including Tesla, State Farm, and Toyota.

  • Many of these 700,000 folks ended up in Texas and Arziona, states with a much lower overall tax burden.

  • California has some of the highest sales, gasoline, and personal income tax levels in the country.

  • In some parts of the state the sales tax is a whopping 10.75%.

  • Gasoline taxes in the state cause gas prices in the state to be well over the national  average and in the past year the average price for a gallon of gas reached a record $6.467 a gallon.

  • A shrinking tax base often results in cuts to fire, EMT, and police resources which leads to more crime.

  • The number of homicides statewide in  2021 was almost 2,400, the highest level since 2007.

  • More crime and more homicides also drive out residents and businesses, on top of the high taxes and cost of living, which further reduces the tax revenue base.


High taxes, high cost of living, high crime, the numbers don't lie and Calofornia is not going to go down easy in the race to be the first state to go bankrupt.


2)We recently checked in with the website that tracks government spending and the resulting growing national debt on a real time basis:


https://www.usdebtclock.org/


I will not go into all of the many,  many numbers that the website tracks but let’s look at some very important, very ominous numbers:


  • The national debt load of the Federal government is quickly headed towards a mind blowing $32,000,000,000,000.

  • This debt comes out to about $95,000 for every American citizen, i.e. every man, woman, and child in the country would have to write a check for $95,000 to pay off the ever rising national debt.

  • Thus, a family of four would have to lay out almost $400,000 to cover just the Federal government debt, not counting state and local governments’ debt.


Obviously, this is not possible since the vast, vast number of Americans have nowhere near this much  money to contribute to paying off the debt. And do not even start in about “taxing the rich” to pay off the debt:


  • The richest American today is probably Elon Musk with one source putting his personal wealth at around $180 billion.

  • If you were to tax his wealth, not his income, his wealth, at 10% a year you would collect $18 billion in taxes from him every year.

  • This would help pay off about .06% of the national debt, not 6%, .06%.

  • If you took the combined wealth of the five richest Americans and taxed that wealth at 10% a year you would pay off .2% of the national debt, not 2%, .2%.

  • And these numbers are only for the current national debt level, it does nothing to pay off the $80,000,000,000,000 in unfunded Federal government liabilities that still need to be paid in the future.


Yes, a state or city may go  bankrupt pretty soon. But unless drastic action is taken very soon to curtail current Federal  government spending and start paying down the debt, the country as a whole will go bankrupt, resulting in rampant inflation and the destruction of our democracy, all due to the idiocy and inane spending policies of the Washington political class.


3)It is no secret that Biden’s border policy has been a disaster:


  • Millions of unvetted people have walked into the country. 

  • Those same millions are costing taxpayers billions and billions of dollars to house, feed and provide medical care to, Americans in need of those same benefits be damned. 

  • Central and South American gangs have established criminal beachheads across the country. 

  • The amount of  illegal drugs entering the country is staggering and will surely result in thousands more Americans dying every year from overdoses.


On top of all those Biden-induced disasters, we have a new disaster form our leaky borders:


  • A large number of Romanians of all people that have illegally entered the country are suspected of creating crime waves from Florida to Pennsylvania to New York.

  • Many of these Romanians have been found to have had criminal records before entering this country.

  • In 2020, the Border Patrol encountered 266 Romanians entering the country illegally. 

  • Two short years later, they encountered 5,895 Romanians entering the country illegally, a more than twenty fold increase.

  • And the 5,895 are just the ones that got caught, many more likely made it into the country.

  • Many of the crimes are financial in nature including two Romanians that got caught possessing fraudulent passports, credit cards, and charge card skimming devices along with Americans’ bank information.

  • Pennsylvania in  particular has seen a plethora of Romanian crimes where they attach ATM skimming devices to Walmart self checkout lines.

  • Some of those that have been caught show up in the INTERPOL database,  indicating they had similar criminal activities overseas.


Just another mess from Biden and the Washington political class that waste taxpayer wealth and endanger the lives and families of innocent American citizens.


So another day, another set of political class insanity: Romanian crime wave and both California and the Federal government head toward their own respective financial death spirals.


Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at: