Tag: taxes

Minnesota Dems Want $100 Million for Reparations, Apologies for George Floyd and Dred Scott

Not to be outdone by California, representatives of the Evil Party in Minnesota on Thursday introduced the “Minnesota Migration Act” in the state legislature “to study and provide reparation grants for American descendants of chattel slavery who reside in state.” This is a reparations bill that is designed to redress, according to one of its sponsors, the “structural institutionalized racism in Minnesota and all of American society,” which they claim “has led to overwhelming Black-white disparities in housing, business investment, economic prosperity, health and wellness, life expectancy, and infant mortality.” To end that structural racism, or at least make up for the damage it has done so far, white Minnesotans are going to have to pony up $100 million.

It’s noteworthy that the sponsors of this act are Minnesota Reps. Samakab Hussein, Hodan Hassan, Ruth Richardson, Mohamud Noor, Athena Hollins, and Cedrick Frazier. All appear to be black, but Hussein, Hassan, and Noor seem to be part of the wave of Somalis (which also included Ilhan Omar) who began immigrating to Minnesota in the 1980s and 1990s. The question thus inevitably arises: if this bill passes, which it very well could in woke Minnesota, will the Somali community be among those who receive the reparations cash, or will they have to line up with Whitey to pay out the money?

The bill calls for the establishment of an advisory council that will, among other things, “determine what form of compensation to African Americans who are descendants of persons enslaved in the United States can be achieved.” The Somalis certainly aren’t descendants of people enslaved in the United States, so apparently, they will be among those who are paying for the African Americans’ gravy train.

There are other problems as well. The act stipulates that all members of the advisory council “must be chosen with an emphasis on appointing members who are descendants of persons believed to have been enslaved in the United States, or members of the American descendants of chattel slavery with lived experience of racial discrimination and who were impacted by policies which have caused intergenerational trauma.” That means that at least three of the act’s five sponsors can’t be on this council. What’s more, staffing it is going to be hard to come by if every member has to be the descendant of a slave. You may recall, if you’ve studied American history at all, that Minnesota was admitted to the Union in 1858 as a free state.

Ah, but Hussein, Hassan, Richardson, Noor, Hollins, and Frazier are ready for that objection. Their bill claims that “although slavery was illegal in Minnesota, Dred Scott and Harriet Scott were held in military bondage at Fort Snelling, along with other African Americans who were used for enslaved labor by United States Army agents.” So the bill is going to have the state of Minnesota apologize not just for George Floyd, but for Dred Scott. According to the Minnesota Historical Society, “it is estimated that throughout the 1820s and 1830s anywhere from 15 to more than 30 enslaved African Americans lived and worked at Fort Snelling at any one time.”

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The Myth That America Prospered After WWII Despite Extremely High Taxes on the Rich

Left-wing politicians who demand higher taxes on the rich argue that the United States has, in the past, prospered when tax rates were very high, proving that high taxes do not harm the economy. And it is true: In the 1950s and early 1960s, the top federal personal income tax rate in the US was a horrendous 91 percent, after which it was lowered to 70 percent. Under Ronald Reagan, it was then successively reduced to 28 percent by 1988 (before being raised several times and then lowered again under Trump).

However, as Phil Gramm, Robert Ekelund, and John Early show in their book The Myth of American Inequality: “The top income tax in 1962 was 91 percent. After deductions and credits, only 447 tax filers out of 71 million paid any taxes at the top rate. The top 1 percent of income earners on average paid 16.1 percent of their income in federal and payroll taxes while the top 10 percent paid 14.4 percent and the bottom 50 percent paid 7.0 percent.”

Even when the top tax rate was lowered to 70 percent, not much changed. Only 3,626 out of 75 million taxpayers actually paid taxes up to 70 percent. Interestingly, the actual percentage paid by the top 1 percent of earners in the US was only 16.1 percent in 1962, when the top marginal rate was 91 percent. However, in 1988, when the top rate was only 28 percent, the percentage paid by the top 1 percent of earners had risen to 21.5 percent! As the top tax rate fell by two-thirds, the percentage of their income that the top 1 percent of tax filers paid in federal income and payroll taxes rose by a third.

This seems paradoxical, but it is logical, because it is not only the tax rate that is decisive, but the amount of income that is actually taxable. In the pre-Reagan era, there were numerous exemptions, loopholes, and tax-saving schemes that top earners could use to reduce their taxable income. Reagan abolished many of these opportunities, thereby increasing the proportion of income that was subject to taxation.

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New York City Spending $5 Million PER DAY on Housing and Feeding Illegal Immigrants

New York City is reportedly spending five million dollars a day on the feeding and housing of illegal immigrants now living on the city.

In what world is this kind of figure acceptable or even sustainable? How long can this possibly go on?

Think about the size of that number and imagine what could be done with that money to help American citizens.

If New York City has that kind of money to spend on illegal immigrants, why are there homeless people in the city? How is anyone in the city going hungry?

The New York Post reports:

NYC official says city is spending an estimated $5M a day on housing, feeding migrants

New York City is spending nearly $5 million a day to house and feed thousands of migrants — but the Big Apple is still barely getting a dime in aid from President Biden and Gov. Kathy Hochul.

The mind-blowing cost of the crisis was revealed Friday afternoon after city Emergency Management Commissioner Zach Iscol told a City Council panel that Gotham’s Department of Homeless Services and Health & Hospitals each spend an average of $363 daily to provide food and shelter for just a single migrant.

Given that there are more than 30,000 migrants currently being housed in city taxpayer-funded facilities, that would amount to a daily staggering bill of $10.89 million.

City Hall then waited until Friday night to officially correct Iscol’s comments.

After Mayor Eric Adams’ administration refused for several hours to go on the record, a spokeswoman, Kate Smart, finally wrote in an e-mail to The Post that “$364 per household is the per diem for asylum seekers.”

Based on what City Hall would only say on background earlier, “there are 12,700 households currently in our care,” that puts the daily migrant cost for the city still at a colossal $4,622,800.

This is insanity.

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This AI Knows Who You Are and Who All Your Friends Are (And Is Telling the IRS)

A Bay Area tech company wants to sell AI (artificial intelligence) surveillance software to determine not just who you are but track who your friends are, too.

Vintra is a San Jose-based firm whose “co-appearance” or “correlation analysis” software can, “with a few clicks,” according to the Los Angeles Times, take any individual on a surveillance camera and backtrace him to those he’s seen with most often. From there, the software can take people deemed “likely associates” and locate them on a searchable calendar.

The Times reports that AI-enabled co-appearance technology is already in use in Communist China as part of that country’s Orwellian “social credit” digital report-and-control scheme, but Vintra appears to be the first company to market it in the West.

It’s already in use by the U.S. government:

The firm boasts on its website about relationships with the San Francisco 49ers and a Florida police department. The Internal Revenue Service and additional police departments across the country have paid for Vintra’s services, according to a government contracting database.

The IRS needs to know who your friends are because reasons. Creepy, authoritarian reasons.

Back in December, I wrote about the time facial-recognition software got a New Jersey woman forcibly removed from a Rockettes show at Radio City Music Hall around Thanksgiving because she works for a law firm engaged in a suit against a restaurant owned by the same parent company, MSG Entertainment, that owns Radio City. The lawyer, Kelly Conlon, was not in any way engaged in the long-running suit.

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BLM Rioters Get $6M Because Cops Didn’t Wear Face Masks

The Black Lives Matter race riots in New York City were among the worst in the country. Racist mobs injured hundreds of police officers, started fires, looted stores and vandalized parks and statues. At least 450 businesses, many of them small and family owned, were damaged or looted by the rioters who claimed to be angry over the drug overdose death of George Floyd: a vicious career criminal who had previously robbed a woman by putting a gun to her stomach.

While Black Lives Matter was swimming in hundreds of millions of dollars, funneled to it by radical nonprofits, major corporations and Hollywood celebrities, family businesses in New York City looted by those rioters were offered a maximum of $10,000 to rebuild their shattered lives.

One small business owner in the Bronx complained that it would hardly even begin to cover the $200,000 in damages to her store after rioters “smashed glass display cases and medical equipment”. But participants in an extremist group’s Bronx protest are getting a much better deal. New York City will be paying $21,500 to each of the “protesters” in the Bronx for a total of as much as $6 million. And none of that money will be going to the looted businesses.

This has been described as the largest payout for mass arrests in American history.

The BLM riot era class action lawsuit claimed, among other things that the, “police officers responding to protests frequently failed to wear masks or to assist detained protesters in covering their noses and mouths, and on occasion even forcibly removed protesters’ masks, exposing protesters to a heightened risk of contracting COVID-19.”

Family businesses lost everything and cops and civilians were badly wounded during the BLM riots, but the police officers didn’t always wear masks when trying to control those riots.

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Ticketmaster, PayPal, eBay are hassling customers to report sales even though the IRS says they don’t have to

People are being told they need to provide their Social Security numbers to online platforms and cash transfer app companies for the sales of things like clothes and concert tickets over $600, even though the IRS says they don’t need to.

The prompts from companies like eBay and Ticketmaster are the result of a change in the tax law that was reneged last-minute by the IRS ahead of the 2023 tax filing season.

The switch is causing a lot of confusion among taxpayers and tax professionals — and even within the IRS itself.

The threshold for reporting business income or personal income from using these apps was supposed to change this year. It was downgraded from sales above $20,000 to sales of above just $600 and was part of a provision passed in the 2021 American Rescue Plan.

That means you’d need to pay a capital gains tax on sales worth more than $600 if you used these apps to receive a payment.

But the IRS decided to delay this rule change from tax season 2023 to tax season 2024, citing “confusion during the … 2023 tax filing season” and the need to “provide more time for taxpayers to prepare and understand the new reporting requirements.”

The IRS said some taxpayers may be receiving 1099-K forms “in error.”

“Some individuals may receive a Form 1099-K for the sale of personal items or in situations where they received a Form 1099-K in error (i.e. for transactions between friends and family, or expense sharing),” the agency said in a statement.

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No Math Behind San Francisco’s $5M-per-Person Reparations Proposal

No mathematical calculations justify a San Francisco committee’s recent proposal to provide $5 million in reparations to long-term black residents of the city, according to a report by the Washington Post.

As Breitbart News reported last month, the committee, formed in 2020 amid the Black Lives Matter movement, “proposed that each long-term black resident of the city receive $5 million, though California entered the Union as a free state in 1850.”

The proposal came despite the fact that the city is facing a staggering budget deficit as businesses and residents have fled.

Now, the Washington Post reports, “conservatives” (among others) are questioning the price tag, which was largely invented out of thin air:

“There wasn’t a math formula,” said Eric McDonnell, chair of the reparations committee and the principal of Peacock Partnerships, a San Francisco-based consulting firm. “It was a journey for the committee towards what could represent a significant enough investment in families to put them on this path to economic well-being, growth and vitality that chattel slavery and all the policies that flowed from it destroyed.”

…

San Francisco’s $5 million proposal, magnitudes larger than amounts being discussed in other communities, has drawn intense backlash from conservatives who lambaste the idea as financially ruinous for a city with an annual budget of $14 billion that is still recovering economically from the pandemic. The proposal doesn’t explain who would qualify, but if even a fraction of the city’s 50,000 Black residents met the criteria, it would consume a huge amount of the city’s annual budget.

Separately, the State of California has its own reparations committee, which recently considered a more modest proposal to pay each black descendant of slavery up to $233,000 in reparations.

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When the Government Makes Poverty Worse

For individuals struggling to make ends meet, the government might be causing more problems than it is solving.

As part of a new report released Monday, a survey of more than 1,000 low-income Pennsylvanians found that taxes are often a major barrier to economic security—ranking ahead of more commonly discussed problems such as credit card debt and student loans. Among those surveyed, all of whom have incomes below 200 percent of the federal poverty level (about $53,000 annually for a family of four), the average respondent reported paying $4,575 per year in taxes.

Elizabeth Stelle, director of policy analysis for the Commonwealth Foundation, the pro-market think tank that published the report, says the data should prompt officials to rethink some of the root causes of poverty in the state and across the country.

“Before we start talking about more ways to alleviate the symptoms of poverty,” Stelle says, “we need to take a step back and think about what obstacles the government has in place right now that are holding back people that are limiting prosperity.”

That’s not the only common myth that the new report aims to bust. Here’s another: Most poor Pennsylvanians (63 percent) work or are currently seeking a job. Meanwhile, the report also found that poverty is not exclusively a crisis for cities and other urban areas. In fact, of the five Pennsylvania counties with the highest poverty rates, four are found in sparsely populated rural areas (the fifth is Philadelphia).

Poverty in Forest County—deep in the wilderness of the Allegheny Mountains southeast of Erie—is far different from poverty in Philadelphia. Stelle sees that as an argument against one-size-fits-all government-based poverty reduction schemes, which can fail to take into account the needs of individuals in such diverse economic environments.

Though the report surveys only a single state, Pennsylvania is a useful political and economic microcosm for the country as a whole. It has urban pockets, sprawling and prosperous suburbs, an industrial legacy, and widespread rural areas that are often overlooked. It remains a crucial swing state and a political bellwether—its state legislature is currently enduring a weeks-long crisis that makes Speaker of the House Kevin McCarthy’s election look tame by comparison. As such, it’s an important laboratory of democracy and a state where shifting views on policy can have national implications.

Pennsylvania has increased spending on social welfare programs over the past few decades, but the poverty rate in the state has remained stubbornly flat, the report shows. The paper asks officials to consider a counterfactual history: If Pennsylvania had enacted a rule in 2003 that capped future government spending increases at a combination of inflation and population growth (and had returned the surplus to taxpayers), the average low-income resident of the state would have an extra $20,000 in the bank today, simply due to the lower tax burden.

That’s a messier solution to poverty than drawing up government programs that specifically target people living in certain conditions. But it’s one that would empower every individual in the state to make their own decisions about how to pursue prosperity.

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The Cost of the Nation’s Endless Wars

To hear President Biden talk about the Russia’s aggression against Ukraine, you might imagine that Putin is the only dictator bent on expanding his military empire through the use of occupation, aggression and oppression.

Yet the United States is no better, having spent much of the past half-century policing the globe, occupying other countries, and waging endless wars.

What most Americans fail to recognize is that these ongoing wars have little to do with keeping the country safe and everything to do with propping up a military industrial complex that has its sights set on world domination.

War has become a huge money-making venture, and the U.S. government, with its vast military empire, is one of its best buyers and sellers.

America’s part in the showdown between Russia and the Ukraine has already cost taxpayers more than $112 billion and shows no signs of abating.

Clearly, it’s time for the U.S. government to stop policing the globe.

The U.S. military reportedly has more than 1.3 million men and women on active duty, with more than 200,000 of them stationed overseas in nearly every country in the world.

American troops are stationed in Somalia, Iraq and Syria. In Germany, South Korea and Japan. In Saudi Arabia, Jordan and Oman. In Niger, Chad and Mali. In Turkey, the Philippines, and northern Australia.

Those numbers are likely significantly higher in keeping with the Pentagon’s policy of not fully disclosing where and how many troops are deployed for the sake of “operational security and denying the enemy any advantage.” As investigative journalist David Vine explains, “Although few Americans realize it, the United States likely has more bases in foreign lands than any other people, nation, or empire in history.”

Incredibly, America’s military forces aren’t being deployed abroad to protect our freedoms here at home. Rather, they’re being used to guard oil fields, build foreign infrastructure and protect the financial interests of the corporate elite. In fact, the United States military spends about $81 billion a year just to protect oil supplies around the world.

The reach of America’s military empire includes close to 800 bases in as many as 160 countries, operated at a cost of more than $156 billion annually. As Vine reports, “Even US military resorts and recreation areas in places like the Bavarian Alps and Seoul, South Korea, are bases of a kind. Worldwide, the military runs more than 170 golf courses.”

This is how a military empire occupies the globe.

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US Military Aid To Ukraine Exceeds The Costs Of Afghanistan

Ukraine receives the most military aid from the United States: Since the beginning of the war and as of Jan. 15, 2023, $46.6 billion in financial aid for military purposes has flowed to the country now at war with Russia.

When calculating the average annual costs (in 2022 prices) of previous wars in which the United States has been involved in, the true magnitude of the country’s Ukraine aid expenditure can be seen.

As Statista’s Martin Armstrong shows in the infographic below, the payments to Ukraine have already exceeded the annual military expenditure of the U.S. in the war in Afghanistan from 2001 to 2010. The U.S. military costs in the Vietnam War, the Iraq War and the Korean War were significantly higher – according to calculations by the Kiel Institute for the World Economy as part of its Ukraine Support Tracker.

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