I believe we are oscillating between steps 6 and 8.
Power Grab
Crazy World
So now it is Constitutional for the President to order people to undergo a medical treatment, but not Constitutional to stop people from rioting and destroying property, nor is it Constitutional for a governor to prohibit a medical treatment.
The collapse will accelerate.
economics
Inflation and rent
For months, I have been telling you that the eviction moratorium is killing the rental market. The US dollar is taking a beating. These two factors are coming together to increase rents more than they ever have before.
The central Florida area has seen rental prices increase by more than 20 percent in the past 8 months. This is a housing inflation rate of 30 percent. At this rate, rents will double every 2.5 years. To put this in perspective, the average rent increase seen before COVID was 7%, but this year is seeing rents increase at three times that rate.
This means that our inflation is far, far higher than what we are being told. I am guessing that overall inflation is somewhere near 25% or so. The wheels are coming off.
COVID
More equal than others
So the workers of the US Postal Service are exempt from Biden’s mandatory vaccine requirement. Can’t be pissing off the people who are redirecting your fraudulent ballots.
This entire thing is an outrage, but let’s keep things in perspective. We haven’t even begun to see how bad things will get. Things are going to get worse. A lot worse, and that is even before the killing starts.
Military
Scaring the PTB
Nothing scares a dictator more than losing control over the military, but that is exactly what is happening. Biden can no longer guarantee that his military will obey orders to nuke gun owners, and that scares the crap out of them.
Expect more big events in the near future as the wheels come off. A nuclear armed military broken into factions is not good news for anyone.
COVID
Politics, not science
Much has been made of Governor Ron Desantis’ executive order banning schools from mandating masks. School districts sued and won the ability to override parent choice by requiring all children to wear masks.
School boards cite the CDC’s recommendation that all students in school wear masks as their reason for doing so.
It isn’t science that is at play here, though. The CDC caved to pressure from teachers’ unions when they wrote that recommendation.
economics
Quote of the day
Goes to John at Wilder, Wealthy, and Wise.
The (metaphorical) printing presses have been shoveling money into the economy under the mistaken assumption that all we need is additional debt to keep the engine going. It’s like a demented congressman who doesn’t understand engines deciding to open up the hood of an F-150® to just pour gasoline on it using the dim understanding of a toddler that, “gasoline makes engines go, so if I pour enough gasoline on the engine, it will be as fast as a spaceship.”
The US is falling apart. We are looking at a complete economic collapse. Right after the dollar goes, the government will follow. Go, read the whole thing.
Anti American left
The Constitution is offensive
At least it is, according to our government. They have placed a trigger warning on our Nation’s founding documents.
Anti American left
There you go again
The Democrats are proposing a new tax (what else is new?) and are lying about who will pay it. (again) They are claiming that billionaires are using this magic method to avoid paying capital gains taxes. What is the magic method?
They don’t pay capital gains tax until they actually have capital gains to tax.
When you buy an asset and sell it for more than you paid, the difference is called a capital gain. There are two types of capital gains: long term, and short term. A short term capital gain is one where the asset was held for less than a year. Short term gains are taxed the same as income. A long term capital gain is for an asset held longer than a year, and is taxed at a lower rate than is ordinary income.
As anyone who has ever bought and sold anything should know, the value of anything you own will fluctuate with the market. If I own a classic car, say a 1965 Mustang, it could have a “value” that changes from year to year. That value is purely theoretical until I actually sell it. If I look up my car and see the profit I could make on that car, that profit is called an unrealized gain, and it only exists on paper. Once I sell and actually make money on the car, it becomes a realized gain.
What the Democrats want to do, is tax people on the unrealized gains that they have on assets that they own. They claim that people who own assets that have increased in value, but haven’t paid capital gains taxes on, is some kind tax dodge. They are ignoring the fact that an asset may be worth less one year than it was the year before. They are also trying to claim that only billionaires do this.
“No nurse or firefighter or teacher in America can play those games,” said Wyden. “They pay their taxes with every paycheck and are rightfully outraged when they read about the wealthiest few paying so little while they are working hard to make ends meet.”
This is the big lie. My wife bought the house we live in twelve years ago. The purchase price was about half what Zillow says it is worth now. If we were to sell it, the profit would be a capital gain. The democrat proposal would have us pay taxes on that “profit” every year- even if we didn’t sell. The fact that we don’t do that now isn’t some dodge that only billionaires use- every homeowner in America is going to get hit by this proposed tax.