Bits Bucket for September 4, 2015
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The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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look what came in from obama’s economic advisers. obama must be perplexed.
——–
Licensing hurts workers
Occupational licensing locks countless of people out of dignified and meaningful job opportunities.
The CEA report indicates that more than a quarter of all workers in the United States need a government license or permit to legally work. Two-thirds of the increase in licensing since the 1960s is attributable to an increase in the number of professions being licensed, not to growth within traditionally licensed professions like law or medicine.
The data show that licensed workers earn on average 28 percent more than unlicensed workers. Only some of this observed premium is accounted for by the differences in education, training and experience between the two groups. The rest comes from reducing supply, locking competitors out of the market and extracting higher prices from consumers.
full article here: http://fee.org/anythingpeaceful/obamas-econ-advisers-occupational-licensing-is-a-disaster/
———–
and this is interesting. the family tree of economics.
http://www.mannkal.org/familytree.php
enlarge it for a better view.
I agree with WPA, we need to kick all of those Walmart workers off welfare and food stamps. Same with the 80 percent of illegals receiving them.
We need to keep rates low so the debt is serviceable and these people get paid b@tchez!
Ceo’s need to cash out their stock options too. most of their pay revolves around performance of the stock. what a better way to do that than rigging your companies stock price by borrowing money via bonds or the money market and buying back stock?
Corporate debt went from 3.5 trillion to 7 trillion since the last crisis.
Ceo’s need to cash out their stock options too. most of their pay revolves around performance of the stock. what a better way to do that than rigging your companies stock price by borrowing money via bonds or the money market and buying back stock?
It’s not just CEOs who are rewarded with stock options. In the tech industry, options and RSUs are the common means of providing bonuses
In the tech industry, options and RSUs are the common means of providing bonuses
+1. Approximately 1/3rd of my total comp is based on RSUs.
How about you, drummin?
How about you, drummin?
My lifetime comp is heavily weighted towards ISOs given how things have gone for the company, but on an annual basis, RSUs are probably about the same. Given the vesting schedule (4 years), it depends on how you account for things.
AZ can you give me the web address for this data it is interesting to note the doubling !
So they can go from being working poor to destitute poor? Let’s start by slapping a 35% tariff on “American” companies that off-shore jobs and production. Then a 90% tax on any CEO pay and stock options in excess of $1 million. Then a Tobin tax to stop high-frequency trading in its tracks. And make interest income tax free so you’re not getting further ripped off in the Fed’s ZIRP scam.
Tobin tax
just make all bids and asked good for ONE second and hf trading is useless.
Wouldnt Walmart have to raise the wages of these people if we stopped subsidizing them?
Or would they just quit Walmart and keep the Dole? Maybe Walmart is actually subsidizing the government.
Wal-Mart » Gross Profit
$130.02 billion12 months ending Jul 31, 2015
I agree with WPA, we need to kick all of those Walmart workers off welfare and food stamps.
Don’t forget the EITC. On the surface it looks like a direct payment to a low wage earner; but in reality it is a subsidy to the employer. If the minimum wage was a living wage, we could eliminate EITC, food stamps, housing vouchers, etc. Stop socializing the cost of labor!
No EITC welfare either. Good plan.
Without the SNAP card and WIC check crowd WalMart would probably go out of business.
Just from personal observation and talking to cashiers I’d guess that about 70% of Walmart customers are using taxpayer monies for most of their food purchases.
And I live in mostly White SoUtah.
It makes no sense for WalMart workers to get food stamps, just because WMT (with huge profits) wont pay them enough. WMT sucks. Moochers !
and cut off the big corps (Alcoa, Exxon, Boeing) getting gov aid and Israel getting $8 billion + per year! End all the mooching. Start at the top.
‘ licensed workers earn on average 28 percent more than unlicensed workers. ’
That might have something to do with their training and education.
Do we really need to license someone via the stare so they can give 12 dollar haircuts at Supercuts? Shouldn’t the owner take care of deciding whether the person can cut hair good enough for their shop?
Über’s making licensing obsolete anyway. There’s a similar app for getting a haircut.
I’m as frugal as can be but I’ll happily spend $12 to avoid lice or a fungal infection from the unclean instruments of some back alley barber just to save few bucks!
That’s why you license the owners not the individuals and also have some degree of random inspections. Let me hire who they want.
Lots of countries in Africa don’t require licensing for most workers. Free to move about if you cant hang in the USA.
I dont want dog meat tacos.
ps. your mom can cut your hair, no license needed. don’t be so afraid of regulations.
“The rest comes from reducing supply, locking competitors out of the market and extracting higher prices from consumers.”
Having a license does not insure quality of work. A competitive market does allow one a better chance of finding a more skilled worker.
Having a license does not insure quality of work.
It does. The licensed electrician knows he must do work up to code because if he doesn’t he stands to have his license revoked and lose his livelihood.
You don’t know what you’re talking about. Electricians aren’t “licensed”. Electrical firms are.
In California individuals are: “Existing law requires that persons performing work as electrician under a C-10 licensed contractor be certified…” Link for your education.
That’s contractor licensing my friend.
“It does. The licensed electrician knows he must do work up to code because if he doesn’t he stands to have his license revoked and lose his livelihood.”
Are you really that dumb. How many complaints before his license is revoked. Code and quality of work are not the same. I know a lot of people who can do electrical work to code, quality work too, and they don’t have a license.
I know a lot of people who can do electrical work to code, quality work too, and they don’t have a license.
Okay! Salinas Ron on the internet says he knows unlicensed contractors who do good work. Alright everybody, that’s all we need, let’s dump all of our licensing laws because Salinas Ron says so, because he knows people.
Existing law requires that persons performing work as electrician under a C-10 licensed contractor be certified pursuant to certification standards established by the Division of Labor Standards Enforcement. “Electricians” is defined as all persons who engage in the connection of electrical devices for electrical contractors licensed pursuant to Section 7058 of the Business and Profession Code, specifically, contractors classified as electrical contractors in the Contractors State License Board Rules and Regulations [Labor Code § 108 (c)].
now people want to argue they need FULL guarantees in life?
“now people want to argue they need FULL guarantees in life?”
Not to change the topic, but… if you want to live forever in the next life then give me a tenth of your income, now.
Why not both?
Example: Red light traffic cameras do two things: Increase revenue and reduce red-light running.
Example: Speed cameras do two things: Increase revenue and reduce speed on a road.
Licensing does two things: Reduces the supply of workers and raises on average, the quality of the goods or services they provide (although failures certainly exist), as well as the cost. They key is finding the point of optimal social welfare. This is of interest to society at large when it involves things like bridge builders or medical professionals.
Can it be abused? Of course, when a trade association is able to create arbitrary laws designed to protect profits.
Why not both?
why would we want to artificially limit supply?
Someone is paying the cost of these services. By suggesting to artificially limit supply, you’re saying you purposefully want to make people spend more of their money for the same service.
You’ve raised a question which touches on a key point.
We want to license (which as a side effect limits supply) because people’s information is highly imperfect about the supply of goods and services.
With health care professionals, it’s very difficult to obtain information about their success records and capabilities and censures (and unfortunately, even some very bad ones will be licensed by their licensing authorities).
With bridge building engineers and contractors, again, same issue.
With taxi drivers, barbers, etc, again, same issue.
Can a trade association abuse the issue, skewing licensing which adds nothing to social welfare, but only increases profits for the members of the trade association? Of course. NAR is a classic example. Also look at the link I posted earlier, with the funeral business having an arbitrary law passed when they greased sufficient politicians’ palms.
tl;dr: I think licensing is good if it increases social welfare. It becomes bad if it becomes a tool (or a weapon) which doesn’t increase social welfare but merely increases profits for the trade group while increasing costs, with no benefits, for the public at large.
i think this part of the article covers some of what you’re talking about..
—-
in the name of promoting quality, licensing regulations perversely raise costs and reduce choices for consumers.
The CEA concludes that, by imposing entry barriers against potential competitors who could undercut the prices of incumbent suppliers, licensing raises prices for consumers by between 3 and 16 percent.
Moreover, the effect of licensing on product quality is unclear. The report notes that the empirical literature doesn’t demonstrate an increase in quality from licensure.
By restricting supply, licensing dulls the incentive for incumbents to provide the best quality products because the threat of new entrants competing with better offerings is diminished.
Perversely, the inflated prices offered by licensed providers may force some consumers to seek unlicensed providers, or to use less effective substitutes, or to do jobs themselves — in some cases increasing the risk of accidents.
In a blow to the notion of efficient government bureaucracy, the CEA indicates that government licensing boards routinely fail in monitoring licensed providers, contributing to the lack of improvement in quality.
By suggesting to artificially limit supply, you’re saying you purposefully want to make people spend more of their money for the same service.
agreed.
Injecting the word “artificially” into the discussion doesn’t add much.
it adds precision and accuracy.
Seriously? Are the government-haters on this board willing to discard professional licenses because they think we’ll save a few bucks while maintaining safety and quality?
Here’s what happens when you have unlicensed contractors:
http://ichef.bbci.co.uk/news/660/media/images/82643000/jpg/_82643122_026970089-1.jpg
We see this time and time again in earthquake and typhoon zones in other countries. This is not what we want to emulate.
re the government-haters on this board willing to discard professional licenses because they think we’ll save a few bucks while maintaining safety and quality?
what do professional organizations want most? they want power or ‘clout’.
how can they get more power? increase membership in their organizations.
how do they get more people into their organizations? they lower their standards so more will qualify.
what is the net result? lower standards.
is there a better method than licensing? yes, reputation.
why does reputation have less impact now? because licensing creates the believe that licensing eliminates the need for reputation.
net result? no one cares near as much about reputation. so, reputation has much less power/clout than it used to have.
Bought my last hvac complete system for $3500 tax free license free cash=sweet
Bought my last hvac complete system for $3500 tax free license free cash=sweet
I hope it works out for you. But if it fails 6 months from now due to shoddy installation, good luck finding the guy or getting it fixed under warranty. Me, I’d rather pay a little more for a licensed guy so if he did screw up, I’ve got legal avenues and leverage on him to get it fixed.
most of them will guarantee their work, so you don’t need to bring them to court. if they won’t guarantee their work, find someone else.
poor people want cheap crap.
A lot of wealthy people pay a lot of money for cheap crap.
A lot of wealthy people pay a lot of money for cheap crap.
I missed the point.
is there a better method than licensing? yes, reputation.
No problem. If the electrician fries your kid in a house fire, I’ll know to choose another electrician.
If the electrician fries your kid in a house fire…
that’s impossible with a licensed electrician, right?
Yeah! lets give attorneys more work!! then the cost of everything will go down!! lawsuits are the answer! dumb
No, it’s LESS possible with a licensed electrician. Now I’m done with you.
No, it’s LESS possible with a licensed electrician.
Less likely != less possible
No, it’s LESS possible with a licensed electrician.
yes, but your claim made it sound like you were saying it was impossible with a licensed electrician. and the thing is that i’ve explained why over the LONG term, it’s actually MORE LIKELY with a licensed electrician because standards will continue to fall over time. you know, the professional organizations want power and money and the best way to get more is to keep increasing membership in their organizations. to them, the more the merrier.
thanks for keep my point front and center so i can keep driving it home.
Now I’m done with you.
of course you’re done with me. you can’t hold up your end of the argument. you can’t logically make your claim. you’ve got not choice other than to ‘be done’ with me.
you know, the professional organizations want power and money and the best way to get more is to keep increasing membership in their organizations. to them, the more the merrier.
The more common argument is it should work the other way around. Electricians would want to keep the number of licensed electricians low to increase their hourly rates.
no, you’re confusing peons with management.
To TJ - I weighed in yesterday about the quality assurance derived from a union apprenticeship in skilled trades. Having seen the Class A contractor’s exam in Virginia, I am also convinced that licensing in the building trades is beneficial.
I am ridiculously overeducated. I am numerate. I can say for sure that you have to know what you are doing in order to pass that exam.
Same goes for my P.E. exam. You gonna trust an illegal alien who can’t read a level, and who comes from a culture in which corruption is ingrained, to build in structural integrity for a multi-story house?
Please arrange for your next of kin to send me an invitation to your memorial service. I want to be there in person to have the last laugh.
Best, Jane
“Please arrange for your next of kin to send me an invitation to your memorial service. I want to be there in person to have the last laugh.”
+1 I like your sense of humor.
Once again, electricians aren’t “licensed”. Watch the trade turn to $hit if the day every comes they are.
looks like i hit close to home. you have skin in the game. i can understand your reaction.
you are convinced in the benefits of professional licensing because you have known nothing else. none of us have. we’re in a professional organization world now.
you somehow mistakenly think i’m for allowing invaders into this country (i don’t know how you got to that) and giving them jobs and other benefits. or allowing them to build a multi-story house for me (where apparently you’d like me to die). but there are many examples here on this blog where i state just the opposite of what you believe. your argument in this area is a strawman. i have never wanted amnesty for ‘illegal aliens’, (an incorrect term the way you use it). your implication that i’d trust some ‘illegal alien’ to construct anything for me is to put it mildly, without merit.
i’ll tell you whom i would trust to build my house though.. i’d trust an experienced builder whose livelihood was solely dependent on his profession. i’d trust him not to let any non-qualified person near the construction without close supervision. i’d trust that he not only wouldn’t want a huge lawsuit that might bust him, but that he’d also want a sterling reputation.
further, i’d trust him to know much more than what is required in those exams. much more. as a matter of fact, i’m sure he’d consider newly the minted licensees mere rookies. and even if they passed with flying colors, he’d still want to make sure things were done his way. i’m talking about a highly experienced person running the company. i’d rather have him start and train people in his company on his own even without licensing. he’d know what they could do and what they couldn’t. they’d have to come up through the ranks based on their skill. he’d know them well.
in summary, i’d trust a great builder with a sterling rep to supply the training and experience along the way to build my house, much more than a newly licensed builder starting out on his own, no matter how high his test scores were.
of course the law won’t let those types of people work without a license. therefore, they’re dragged into mediocrity by the system. they can’t rise above it because the rules of the professional organizations won’t allow it. too many of them in the organization wouldn’t make it on their own. they’ve got to protect their cushy lifestyles. life is easy for them and that’s the way they like it.
i’ve known powerful people in profession organizations. the ones at the top. i’ve seen how it works.
Reading the text of this makes me really question - who the hell are these folks who say that the report still shows strong growth!!!
Thanks Obama for a disastrous turd you laid on the economy of this country you POS!!!
http://www.housingwire.com/articles/34985-weak-august-jobs-report-shouldnt-factor-into-rate-hike-analysts-say
The authors of this article just want to hire a bunch of cheap illegals.
now there’s some twisted logic.
As the first poster puts it:
“A better title for this article: Adventures in Socialism”
http://www.businessinsider.com/dan-price-gravity-payments-employees-leave-2015-7
And a similar problem at WalMart
http://www.investopedia.com/stock-analysis/081015/walmart-shows-problem-raising-minimum-wage-wmt-mcd.aspx
If you read the NY Times article about Gravity, you’ll see that the company has also experienced some positive ramifications. Also, the Gravity story has nothing to do with socialism. Apparently there are a lot of people out there who want to see a large portion of their fellow Americans living in poverty or close to it.
The point is that a system built on something other than a meritocracy isn’t some wonderful silver bullet. It can serve to disincentivize and tick off otherwise high effort employees–even to the point where they leave.
To your point about this not being analogous to socialism…I disagree. The CEO increasing pay to the employees, but ONLY to the lowest earners, is akin to wealth redistribution. When high-performing people feel that their efforts are being taken advantage of or less appreciated, they simply leave.
My friend’s family immigrated to the US 40 years ago. The push that caused them to leave the UK was that the country politically was moving far left (this was pre-Thatcher). Tax rates were high, there was social unrest, there was talk of “wealth redistribution”, etc. So, they took their brainpower and wealth, and left. They had seen how socialism had worked elsewhere in Europe and decided against sticking around.
No one that I know wants people to be living in poverty. However, at the same time, they don’t want there to be a large program of handouts either. I find myself in the same camp as people who are in favor of:
1. Placing more of a focus on trade schools (and less of a focus on everyone getting a 4-year degree);
2. Taking a hard look at subsidies that are provided for college (that can serve to simply make it more expensive);
3. Providing businesses incentives and tax-breaks for providing on-the-job training for people who are otherwise unqualified for positions.
There are ways to help those at the bottom without simply waving a wand and giving them a “minimum income”.
The CEO increasing pay to the employees, but ONLY to the lowest earners, is akin to wealth redistribution. When high-performing people feel that their efforts are being taken advantage of or less appreciated, they simply leave.
He didn’t cut anyone’s salary other than his own. So if there’s any redistribution going on, it’s from the CEO and maybe the other owners of the company. Though usually when the terms socialism and redistribution are used pejoratively, it’s because the government is compelling something.
I took another look at the article and it appears that two employees left a company than has more than a hundred. Neither of them left because they got a better offer. In other words, they weren’t underpaid as far the local labor market is concerned. One of them felt that was underpaid relatively to some of her co-workers. So the turmoil in the company, such as it is, really has to do with psychology of groups rather than socialism, markets, whatever.
The loss of those two employees has to be balanced against the greater loyalty of a larger number. Besides that, when they have to hire new people, they’ll be able to get the best people in Seattle.
If you look at the comments on the article, it does appear that many people think that there a lot of their fellow citizens who are just lazy and don’t deserve a nice income. Maybe others have some sort of religious belief in “free market capitalism” and are upset about this CEO betraying his class interests.
we just need somebody to keep buying treasuries and the economy will be ok.
That is why central banks exist to buy tresuries isn’t it?
Exactly print cash and buy debt. Keep the spending going.
If the market drops a couple thousand points this afternoon, there will be plenty of Treasury buyers!
John Cazale and Al Pacino discuss going to Wyoming:
http://m.youtube.com/watch?v=cS61hWuh43Y
You’re nothing to me now, ‘Fredo.
You broke my heart, Lola.
By not giving u any interest on your pittance of a savings account does it allow more food stamps and grants to be handed out?
Is Bob Dole still alive? Seems like he’d be the perfect candidate for president now that so many are on the dole. It’s all about that Dole.
FEAR
http://www.foxnews.com/world/2015/09/03/iran-thumbs-nose-at-us-even-as-obama-rallies-support-for-nuke-deal
“Mushroom cloud over Manhattan” is so 2002, LOLZ
Why are they opposed to a city full of America Hating Liberals getting vaporized by Godly Men?
Nearly a million homeowners have no way of paying off their mortgages because they opted for interest-only loans, according to Citizens Advice.
The new figure is much higher than previous estimates from lenders and from the City watchdog, the Financial Conduct Authority (FCA).
Citizens Advice said 934,000 owners did not have a plan for how to pay back the money at the end of the mortgage term.
It warned that time was running out for some to organise their finances.
They faced having to sell their homes or even have the property repossessed if they were unable to find other funds, the charity said.
http://www.bbc.co.uk/news/business-34144333
Buy to day pay sometime never.
they need to get on the harp gravy train.
Not in Britain.
People are smart, in so many ways:
“Nearly a million homeowners have no way of paying off their mortgages because they opted for interest-only loans, according to Citizens Advice.”
“Citizens Advice said 934,000 owners did not have a plan for how to pay back the money at the end of the mortgage term.”
“It warned that time was running out for some to organise their finances.”
“They faced having to sell their homes or even have the property repossessed if they were unable to find other funds, the charity said.”
People: Dumb ‘em down, and profit.
Nearly a million homeowners have no way of paying off their mortgages because they opted for interest-only loans
…and what, pray tell, is preventing the homeowner from making a voluntary overpayment every month and applying it to the principal?
“…and what, pray tell, is preventing the homeowner from making a voluntary overpayment every month and applying it to the principal?”
A severe case of LOM?
LOM = Lack Of Money. Once upon a time there were few cases of LOM because once upon a time the home was considered to be an ATM machine where endless withdraws of money could be extracted - why, some of this withdrawn money could even go into making the house payments.
Bahahahaha .. the idea was sold to schmucks that the house could, in effect, buy itself.
Once upon a time, but not anymore.
Bahahahahahahahahahahahaha …
Once upon a time the world was blessed by the infinite wisdom of David Lereah:
“If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years. It’s as if you had 500,000 dollar bills stuffed in your mattress.”
Latest tragedy playing out in Europe
Days after setting off for a new life, the father of tragic Aylan returns to Kobane to bury his sons and wife… as it is revealed 11 of their relatives were slaughtered by ISIS in the city in June
WARNING: GRAPHIC CONTENT
Aylan, 3, and brother Galip Kurdi, 5, drowned in the sea with their mother
Photos of Aylan’s body washed up on Turkish beached shocked the world
Grief-stricken father has returned to Kobane, Syria, to lay his family to rest
Grandfather has revealed that 11 members of the family were killed by ISIS
http://www.dailymail.co.uk/news/article-3222135/Four-men-accused-organising-journey-led-death-Aylan-brother-arrive-court-little-boy-s-father-returns-Kobane-bodies-family.html
Keep electing neocons if you want more of this.
+1
And to be fair, 500,000 dead Iraqis under Madeleine Albright was a good score.
Heh, the job she did in Serbia/Bosnia/Croatia wasn’t too shabby either.
Anyway, David Cameron is a neocon.
Don’t forget Rwanda either - Country club Billy sat by and watched the slaughter telling the Rwandan ambassador to the United States at the time - We have no interest in Rwanda at all.
What a heartless slug Billy C. was and is.
Don’t forget Rwanda either…
So you’re taking the opposite position - that we haven’t gone to war enough in recent decades.
No - it is a moral case there Mikeymight - a moral case to keep innocents from being slaughtered by out of control mudering thugs - that’s all.
You mean like Hillary?
You folks are far more libertarian than my Facebook feed. I wish you were more representative. Most people worship the government on my feeds.
well it looks like a rate hike is off the table for another year after that horrible jobs report.
That means buy stocks cause corporations can continue to pile on dbet for buybacks.
It also means deficit spending will continue.
you guys need to sacrifice your interest on your savings for the overall good of the economy. Quit b@tching about being broke.
Huge miss on the jobs report. Mr Market is unhappy, so look out below.
However, any stock market selloff on this news will be tempered by recognition that labor economist Yellen would have a very hard time tightening when the labor market is showing weakness.
It is hilarious how the economy hinges on a 1/4 pt rate hike. It is classic jawboning.
I dont think rates will be allowed to really go up to say 5% for years, if not a decade.
The debt is simply not serviceable at 5% interest.
Just borrow low and go long equities! Its the only game in town unless you want to be a landlord.
Debt’s not serviceable, period.
Unemployment is back down to the level it was at the onset of the Great Recession. (Recall it began in December 2007.)
Hmmmm…
Economic Report
U.S. adds 173,000 jobs in August as unemployment falls to seven-year low
Published: Sept 4, 2015 10:38 a.m. ET
Unemployment rate falls to 5.1%, lowest since early 2008
…
Superhero lunch boxes being banned.
http://www.nationalreview.com/article/423439/school-superhero-lunchbox-ban?target=author&tid=897
And people wonder why Trump, who calls sh!t like this out,is doing so well. If you want you political correctness, you can have your political correctness.
Can’t wait to see what the bleary eyed wake up after 10 AM and post from the dole crowd have to say.
wake up after 10 AM and post from the dole
LOLZ
I would absolutely love to follow Ronald Reagan’s lead and grant amnesty to only 3 million illegals. Instead we got 20 million. With more to come.
The democrat party - the party of the FSA, race hustlers, baby part sellers, illegal criminal invaders and public union goons.
And they wonder why no one who works wants to live where they have power.
——————
Taxpayers Fleeing Democrat-Run States for Republican Ones
American’s for Tax Reform | Sept. 4, 2015 | Paul Blair
In 2013, more than 200,000 people on net fled states with Democrat governors for ones run by Republicans, according to an analysis of newly released IRS data by Americans for Tax Reform.
“People move away from high tax states to low tax states. Every tax refugee is sending a powerful message to politicians,” said ATR President Grover Norquist. “They are voting with their feet. Leaders in Texas and Florida are listening. New York and California are not.”
That year, Democrat-run states lost a net 226,763 taxpayers, bringing with them nearly $15.7 billion in adjusted gross income (AGI). That same year, states with Republican governors gained nearly 220,000 new taxpayers, who brought more than $14.1 billion in AGI with them.
Top 5 loser states for Democrat governors in 2013:
· New York (114,929 people with $5.7 billion in AGI)
· Illinois (68,943 people with $3.8 billion in AGI)
· California (47,458 people with 3.8 billion in AGI)
· Connecticut (14,453 people with $1.8 billion in AGI)
· Massachusetts (11,915 people with $1 billion in AGI)
Top 5 winner states for Republican governors in 2013:
· Texas (152,912 people with $6 billion in AGI)
· Florida (74,094 people with 8.3 billion in AGI)
· South Carolina (29,176 people with 1.6 billion in AGI)
· North Carolina (26,207 people with $1.5 billion in AGI)
· Arizona (16,549 people with $1.5 billion in AGI)
That’s where all the olds and fats are all moving, everybody young and thin is moving to Denver.
Colorado was a very red state until recently converting to purple.
I suspect that after having a taste of progressive stew - they will go back to being a red state again in the next elections.
Not enough fatties. Neoconservativeism and obesity correlate closely.
The future is libertarian, not neocon. We got the guns and drugs and rock’n'roll. And TABOR.
Rummy is on the march to a big property tax hike here in the land of utopia called Ch*tcago. And the drones who are gonna be affected by this say they most likely won’t move (because they can’t).
One of numerous linkies here……
http://www.newsmax.com/Finance/Personal-Finance/Rahm-Emanuel-Chicago-pension-tax/2015/09/03/id/673443/
California (47,458 people
So we lost 47,000 people out of 38 million. BFD. Wow, what a stampede! An exodus! Ban-Ban, you are a reliable poster of right wing propaganda, but this material is rather weak I have to say.
It matters if those 47k people were some of your top wage earners (and thus tax payers).
What happens to a state when all the productive members leave, and there’s no one left to tax?
What happens to a state when all the productive members leave, and there’s no one left to tax?
Yeah, we heard that ridiculous scenario from the “California is the next Greece” crowd — who have been proven dead wrong. Short answer is the productive members aren’t leaving because there are economic opportunities that exist here that don’t exist anywhere else. That’s why California is, by a large margin, the No. 1 state in the U.S. for venture capital start-ups, bar none.
An attorney I know once talked about how he would like to leave the state due to the political/business climate. The problem he said is that if he were to pick the next two places he would like to live from a lifestyle/climate standpoint (after Silicon Valley), both are also in California.
It matters if those 47k people were some of your top wage earners (and thus tax payers).
What happens to a state when all the productive members leave, and there’s no one left to tax?
Those people are mostly retirees. Their employers will be able to replace most of them if the wages are so high.
Those people are mostly retirees. Their employers will be able to replace most of them if the wages are so high
Perhaps, perhaps not. My point was simply that looking at the # of folks leaving isn’t sufficient — which individuals are leaving is more important.
Like 5 million people left California while some figur just under 4 million entered California. I do think it is a net exodus of pensioners and other retirees. Some or most of those pensioners thrived on high Cakifornia taxes and wealth redistribution. They will vote in the states they moved to. They will vote against any taxes on pensions but will vote for big spending. Texas, Arizona, and Nevada will go blue at some point the more it keeps up. It is not a bad thing. There will be no wealth to confiscate except from dark skinned people.
Actually, I just noticed that 2banana included AGI. For California it works out to be an average of around $80,000 per person, which could a typical level of retirement income for prosperous Californians.
MightyMike,
That $80k is a relatively high number compared to some of the other states.
I candidly think that it is made up of the combination of some GIANT fish who have already made their money and are just fed up with higher and higher taxes (I’ve heard more than one anecdote of people packing up and moving to Austin or Incline Village), and lower income folks who just can’t figure out how to make it all work with the cost of living.
It could be a mix of people at many different income levels. I happen to know two retired couples who spent their working years in San Jose and then retired to Elk Grove, which is just outside Sacramento. Both couples have incomes that are a lot less than $160,000. They’re not saving much on taxes, but their cost of living is still much lower because housing is cheaper. Taxes are not the only thing that makes living in the Bay Area, LA, etc. so expensive. Taxes may be less important than the housing costs for a lot of people.
Best stat to examine is # of taxpayers. That went down big time over the past 10-15 years while the population had a very large increase. Big reason I bailed - no regrets, quality of life is 10x+ what I had in Cali those last 5 or so years. Salary about the same, cost of living lower.
15 of those 47k lived within 10 miles of the coast.
I would move too, if I lived in Bakersfield, Stockton, Fresno, Sac, Anaheim…..
Currently about 40% of my tax deferred plans are in Roths and I am “throwing away” $2500 per month in them. Possibly in eleven years half my retirement savings will be in Roths. Combined with my theory that being among younger people will keep you young, it might be just as well that I retire in California. Although I am still interested in Incline Village in Nevada.
I was born in California. There are plenty of free market types in California. One neighbor has a “who is John Galt” please on his license plate frame. OC has a lot of defiant patriots. There are plenty of places to hide my firearms and stash whiskey and precious metals. And of course Crypto currency is another hiding place for my wealth.
Please/phrase.
O.C. is interesting: it remains largely in the Repub column, not because of older white guys, but because of younger Vietnamese-Americans who lean to the right. There’s a large contingent of Hispanic Dem voters, but they don’t turn out as much as the Viet-Ams do. OC has gone from being solid red to something of a swing county.
Yes. Astute observation. A first generation Vietnamese American I know is a staunch conservative, father of five. He loves Rush Limbaugh. A gal I work with also first generation Asian, hates communism and illegal immigration. Would not be surprised if she is a Trump fan.
Maybe the Persians in South OC are Republican too. Not sure how the old white boys from HB put up with all the refugees.
Incline Village in Nevada +1
Obama shut down the irs reporting for
Howmoneywalks.com
While the 2008 and 2012 elections provided proof positive that 95% of the electorate were morons, test data shows ‘Muricans slouching into IDIOCRACY at an alarming rate.
http://www.zerohedge.com/news/2015-09-03/americans-have-never-been-dumber
If you really and truly believe 95 percent are idiots, then the situation is just hopeless. No politician or leader could ever turn that around.
Where does that leave us? Knowing that is the case isn’t the best response just to get yours, set yourself and your family up as best you can, and ignore all the noise that doesn’t take you personally towards that goal?
“No politician or leader could ever turn that around”.
Who knows, maybe you’re a leader. Forget the Nation and try getting involved locally. Get on your local School Board. Set up a website. Find something that pisses you off and figure out a way to fix it.
Get to know your neighbors and organize an Email list that you can use when necessary.
It’s hard at first. However, you will be surprised how quickly you can start to get things changed with just a little bit of effort.
Spot on! The nice thing about dropping an extra address and staying in one spot is I can be involved locally. I will do it in a no political way.
As long as people think voting results in peaceful, nonviolent change (it’s quite the opposite) then people will vote. As long as they hear other people say voting is the only way to produce peaceful and nonviolent change, they will not think of any alternative or produce new alternatives. Grades kindergarten through 12 indoctrinate the sheep into worshipping the state. It takes an independent strong mind to break out of the matrix and see it for what it really is. But more people are breaking out.
People now are aware of false flags which are used to grow the power of tyrants in America. So they are examining everything they have been taught in government schools.
Keep preachin it brother Ray K.
How much is Rahm Emanuel raising ‘re taxes for the public worker unions ?
Net net - ummm…..zero.
Looks like the proto-fascist neo-con West Point instructor who wanted a war on the Constitutional right to dissent is out the door.
http://www.theguardian.com/us-news/2015/aug/31/west-point-law-professor-william-bradford-resigns
Remember right after 9/11 when White House press secretary Ari Fleischer warned to “watch what you say?”
And if you need another joke this morning, “they attacked us on 9/11 because they hate our freedoms.”
Comrade Pelosi’s permanent Democrat supermajority draws closer, as Mexico’s economic meltdown will drive more millions of Democrats-on-Arrival across the border.
http://wolfstreet.com/2015/09/04/pena-nietos-bottom-mexicos-oil-reforms-fiscal-meltdown/
I’ve got a great jobs program. Put someone every 200 yds along that border.
Black lives don’t matter in Chicago, or Baltimore, or Detroit, or any other democrat controlled city.
And Chicago has every progressive gun control law imaginable…
————————
At least 12 people shot dead, including 11-year-old boy, since late Tuesday in Chicago
Chicago Tribune | September 3, 2015
At least 12 people have died and 13 others have been wounded in separate shootings in Chicago between late Tuesday and early Thursday, including the accidental shooting of an 11-year-old boy, police said..
Obama owns this. Thanks, Obama.
LOL, while Obama’s in Alaska taking selfies, China parks navy warships 12 nautical miles off the Alaska coast.
“Hey, folks, I can see China from here! YOLO!”
Don’t the chinese know that the waters off the 57 states are off-limits?
Quick - show them our new transgender polices for our military. That will scare them off.
Doesn’t fit the gun control or confederate flag meme.
Hey look over there - A syrian refugee drowned in Turkey
———————–
Chicago breaks single-day shooting death record
wnd.com | 9/4/2015 | Douglas Ernst
Chicago has some of the toughest gun-control laws in the country. It also has a new record for shooting deaths in a single day.
The Windy City had nine shooting deaths on Wednesday — its highest rate of single-day fatalities in over a decade. On July 5, 2003, there were 10 homicides in the city. The Chicago Tribune did an extensive analysis of its records before reporting Wednesday’s grim milestone.
2ban - do you live there? Why?
Don’t move here - you will hate it.
See above article on liberal state out migration for a taste of what the folks in these libtard states are starting to do - move away.
Hope and change…
Forward.
Yes we can
———————-
Record 94 Million Americans Not In The Labor Force; Participation Rate Lowest Since 1977
Zero Hedge | 09/04/2015 | Tyler Durden
Here, they will have some serious ammo, because according to the BLS, the main reason why the unemployment rate tumbled to the lowest since April 2008 is because another 261,000 Americans dropped out of the labor force, as a result pushing the total number of US potential workers who are not in the labor force, to a record 94 million, an increase of 1.8 million in the past year, and a whopping 14.9 million since the start of the second great depression in December 2007 while only 4 million new jobs have been created.
this is why i paid my own way through college. I make the bed I sleep in. I dont blame the gov for not taking care of me. We want less gov, not more.
Without more government, who will make sure the gays aren’t doing gay stuff and bringing the wrath of Jesus down on all our heads?
Rick Santorum (R), is that you?
But yet more than enough money for free health care for illegal immigrants and their anchor babies…
——————–
307,000 veterans may have died awaiting Veterans Affairs health care, report says
CNN | September 3, 2015
Hundreds of thousands of veterans listed in the Department of Veterans Affairs enrollment system died before their applications for care were processed, according to a report issued Wednesday
“Hundreds of thousands of veterans listed in the Department of Veterans Affairs enrollment system died before their applications for care were processed.”
And this does … what? Helps with the budget expenses, perhaps?
Think, people. Think!
its not free. Illegals use the ER, then never pay. That is not free.
Time to stop giving illegals jobs, rentals, bus passes, bank accounts, drivers licenses, library cards, education….etc — EASY - no more illegals.
A portrait of the Acts Of Love that Jeb Bush has promised you:
http://www.theguardian.com/artanddesign/2015/sep/04/adam-hinton-el-salvador-ms-13-gangs-prison-portraits
Except go to America and become a democrat.
————–
It’s not the violence he wants to emphasise, but the suffering and humanity of most of the residents of Las Victorias. “Rather than seeing these places as threats and full of bad people, my idea is to say: here’s a family; they want the same things as we do; they want a job, a decent home, a better life for their kids. There are basic human needs that everyone has the right to. A lot of my sympathies are with these gang members. They’re there; they’re trapped; there’s nothing else they can do.”
Progressive utopia brought to you by Obama and DeBlasio:
http://www.dailymail.co.uk/news/article-3218600/Four-thousand-sleeping-streets-New-York-homeless-crisis-caused-beggars-making-75-day-cheap-drugs-end-tough-policing-cleaned-city.html
‘Exclusive: Former Clinton aide has rebuffed FBI and State Department investigators in email probe’
‘The move by Bryan Pagliano, who served on Clinton’s 2008 campaign and later as a technology officer in the State Department, to decline to cooperate in two federal probes considerably raises the stakes in the Clinton email investigation, the sources said. It confronts the Justice Department with a decision about whether to grant him immunity in exchange for his testimony — a move that could be taken only were the department to escalate the probe into a full-scale criminal investigation, the sources said.’
https://www.yahoo.com/politics/clinton-aide-has-rebuffed-fbi-and-state-department-128271848515.html
Not even a smidgen…
Yeah, you keep lyin’ when you oughta be truthin’
And you keep losing when you oughta not bet
You keep samin’ when you oughta be a changin’
Now, what’s right is right but you ain’t been right yet
These boots are made for walking
And that’s just what they’ll do
One of these days these boots
Are gonna walk all over you
You keep playin’ where you shouldn’t be playin’
And you keep thinkin’ that you’ll never get burnt
Ah, I’ve just found me a brand new box of matches, yeah
And what he knows you ain’t had time to learn
These boots are made for walking
And that’s just what they’ll do
One of these days these boots
Are gonna walk all over you
Are you ready, boots?
Start walking
Hey white liar
The truth comes out a little at a time
And it spreads just like a fire
Slips off of your tongue like turpentine
And I don’t know why, white liar
You better be careful what you do
I wouldn’t wanna be in your shoes
If they ever found you out
You better be careful what you say
It never really added up anyway
I got friends in this town
Hey white liar
The truth comes out a little at a time
And it spreads just like a fire
Slips off of your tongue like turpentine
And I don’t know why, white liar
You said you went out to a bar
And walked some lady to her car
But your face has more to tell
‘Cause my cousin saw you on the street
With a red head named Bernice
Turns out you don’t lie too well
Hey white liar
The truth comes out a little at a time
And it spreads just like a fire
Slips off of your tongue like turpentine
And I don’t know why, white liar
Here’s a bombshell just for you
Turns out I’ve been lying too
I just wanna know when the indictment is coming down. The suspense is killing me.
The minute somebody picks up a pen to write the indictment, Hillary vaporizes them with her laser beam eyes.
Eagles are the latest on my song list -
New York Minute.
Lyin’ Eyes
Last Resort
Those songs about sum up America at the moment.
What about Henley’s “End of the Innocence”?
End of the Innocence
in the grande sense, none of us stop being innocent.
There is a question floating around - even Jimmy Kimmel queried the folks a couple of days ago - Is Obama a moooslim?
Is he?
Does it matter? All religions are bad. We shouldn’t have a president that subscribes to any religion. I know they probably just say they do to get the votes, otherwise the mouthbreathers in the USA won’t vote for them. But yea. Fighting over invisible sky wizards has no place in modern society.
Yes.
All religions are equally bad. Freedom, economic opportunity, property and women are treated just the same no matter where you go when religion is involved.
And all non-religious leaders are great. Just look at the atheist leaders of Lenin, Stalin, Pol Pot, Mao, Castro and the current leader of North Korea for inspiration.
Religion is a fairytale people that can’t face reality tell themselves. People that can’t face reality have no business governing anyone. If there weren’t so many, the practical thing would be to institutionalize them.
Kinda like the people who keep trying to institute socialism/communism when it fails every time it is tried and always with massive death and misery…
You poor, oppressed thing. Why doesn’t your sky wizard hear you crying, and come wipe away those tears?
I agree with you Ethan. I hope in my lifetime religion is as unimportant to Americans as it is now in Great Britain.
Because Great Britain today is awesome!
Religion gets a bad name because it is and has been mis-used. But up until recent times, it was the only civilizing force on the planet and a preserver and patron of the arts and letters. It is said that a group of monks in Ireland preserved and added to written works during the Dark Ages.
A belief in the spirit is important and gives man a sense of responsibility for the future.
At one time, most major religions believed in human re-birth, including the Christian religions. Emperor Justinian suppressed that under pain of death. Why? Commerce and inheritance laws. It was bad for business.
Trust me, if people thought (or knew, depending on your point of view) they were coming back, this planet would be in vastly better shape, and people would be much better behaved.
Instead, what do we get? YOLO and a poisoned planet.
YOLO should be taken as “all life is precious, ” including strangers with brown skin and including babies.
Some of the most religious people I know worship money, stuff and the body. And a bit of the old in and out. YOLO!
Yep - no differences in religion.
All religion is bad and adds nothing to society.
Britain will be a much better place (except for all the muslim no-go areas)
Get yours and YOLO.
And I dare you to watch this:
https://www.youtube.com/watch?v=1wMONz2nZgg
The best way to judge a religion is to ask the question - “What happens to me if I don’t choose to follow this religion?”
sing along….All religions make me wanna throw up All religions make me sick All religions make me wanna throw up All …
https://www.youtube.com/watch?v=qHtqVttBGkY
DK fans
Took a day off from work since my large furniture is being moved from Phoenix to Orange County “just south of Irvine”…it is a “white glove” move and they do all the packing. I will surely miss my tranquil Phienix place. Where I also feel safe and secure. But I ran the numbers and I spend about $18,000 per year maintaining my Phoenix residence. My job opportunities are better in Orange County. If wisre comes to worse I will go back on welfare - defense contracting, which is socialism of the right wing variety. Movers are expected anytime (here in Phoenix now) and I am all set. Will just have to deal with small boxes after that.
How about 94 million jobless people?
http://www.zerohedge.com/news/2015-09-04/record-94-million-americans-not-labor-force-participation-rate-lowest-1977
I’m taking the family (my new girl C and her dog) up to Wyoming for some off the grid fun in grizzly country this weekend.
Recent conversations with some loanowners indicate that their weekend will consist of: in-laws, restaining the deck, drinking alcohol.
People with mortgages are so f*ing boring.
I hope you bring a fly rod and waders.
They also spend all day puttering around Home Depot.
Was there in Chandler this afternoon buying boxes for storage. Now they have designated parking spots for veterans. I kid you not. If you are a loyal statist who follows orders to kill designated “enemies” you rank on up their with handicapped people (scammers), pregnant women, and so on.
Wasn’t your father a WW2 veteran?
Yes my dad was a disabled veteran but he did not worry over the lack of special treatment. Parking for able bodied white heterosexual males who are anti war, soon to be one mile from the destination. No wonder the white male individualist is becoming extinct.
To be fair, a lot of those guys are missing parts.
Bill, you are a boor.
Only because your politics opposes mine.
Yawn.
Shout out to Kim Davis: how was your night in jail? How was your breakfast in the chow line, with greasy sausages and runny scrambled eggs? Did you meet LuLu, the 350 pound weightlifting buzz cut inmate who wants to be your “friend”?
The Kim Davis episode is useful because it reveals exactly how the domestic Christian Taliban think: they are willing to sacrifice anything and everything in the Constitution to impose their values on the rest of us. In their view, God’s law always trumps Man’s law. If the Christian Taliban were in power, the Bill of Rights would only exist if you acted in compliance with Scripture.
https://pbs.twimg.com/media/CODhwUGWsAAl1tG.jpg
She could have just quit her job…
#1 She was elected. Just like obama. And when obama ignores laws (and even makes up laws) the left cheers. I thought this is how progressive goons want the most important and controversial laws to be enacted or not enforced?
#2 Gay marriage is not a “law.” It is four unelected left wing progressive supreme court justices and one who leans left behaving as tyrants. Don’t cry when these go against your progressive viewpoints (and they will). This is how progressive goons want the most important and controversial laws to be enacted.
#3 See the history of Rosa Parks. Kim Davis has more courage than all the “black lives matters and kill the police” goons put together.
#4 See:
PRESS RELEASE
5-29-13
EEOC Sues Star Transport, Inc. for Religious Discrimination
PEORIA, Ill. - Star Transport, Inc., a trucking company based in Morton, Ill., violated federal law by failing to accommodate two employees because of their religion, Islam, and discharging them, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit filed today.
The lawsuit alleged that Star Transport refused to provide two employees with an accommodation of their religious beliefs when it terminated their employment because they refused to deliver alcohol. According to EEOC District Director John P. Rowe, who supervised administrative investigation prior to filing the lawsuit, “Our investigation revealed that Star could have readily avoided assigning these employees to alcohol delivery without any undue hardship, but chose to force the issue despite the employees’ Islamic religion.”
Failure to accommodate the religious beliefs of employees, when this can be done without undue hardship, violates Title VII of the Civil Rights Act of 1964 which prohibits discrimination on the basis of religion. The EEOC filed suit, (EEOC v. Star Transport, Inc., Civil Action No. 13 C 01240-JES-BGC, U.S. District Court for the Central District of Illinois in Peoria, assigned to U.S. District Judge James E. Shadid), after first attempting to reach a voluntary settlement through its statutory conciliation process. The agency seeks back pay and compensatory and punitive damages for the fired truck drivers and an order barring future discrimination and other relief.
It is four unelected left wing progressive supreme court justices and one who leans left behaving as tyrants. Don’t cry when these go against your progressive viewpoints (and they will).
Left wing progressive supreme court justices are going to go against progressive viewpoints?
This is how progressive goons want the most important and controversial laws to be enacted.
In some states same-sex marriage was voted into law by the legislature. The leftist goons were pleased with that.
#1 She was elected. Just like obama.
Kim Davis has broken her oath of office and has been convicted of civil contempt. She should be impeached. If Congress thinks Obama has broken his oath they are welcome to bring impeachment proceedings against him. That’s how the law works.
#2 Gay marriage is not a “law.”
No, but laws prohibiting gay marriage are laws, they exist in many states and the Court struck them down as unconstitutional. The Supreme Court acted within their duties.
See the history of Rosa Parks
Rosa Parks is not a good example. She wanted to ride the bus like any other patron; her request was inclusionary. Kim Davis is saying, in effect, only heterosexuals can ride the bus and gays must exit. Her position is exclusionary, the opposite of Rosa’s.
+1
Well, I think I finally got it all figured out and the JoshuaTree extension should is now available for Chrome. There seems to be a bit of a delay and the Chrome web store doesn’t yet have the ‘newest’ version posted, but should within 60 minutes:
JoshuaTree extension at Chrome Web Store
It’s a near-complete re-write with some functionality culled. As I use it more and discover what missing functionality is actually useful, I’ll likely add some back.
But give it a try, let me know what you think! And as always, please donate to Ben to help keep this blog running if you find it helpful.
Thanks very much, will check out the Chrome version….the Joshua Tree extension has made reading the comments bearable and MUCH faster.
One nice thing about the Chrome version (if you don’t mind being tracked) — it will sync your preferences and ‘read’ history across machines, if you have extension sync’ing turned on.
Thanks. So far I have used nothing but Firefox only for the reason of JTE. Now I know I have an alternative if I need one.
Yeah, same here. As Firefox gets slower, and they’re changing their extension framework to be similar to Chrome’s, it made sense to take a crack at porting things over.
You’ll find there’s no ‘mark all read’ functionality yet, so you may want to stick with FF for now
does WPA march this monday or is that may 1st?
Not a single one of the post 10 AM crowd denied being on the dole.
Real journalists at the New York Times report on the migrant/refugee situation in Europe:
http://mobile.nytimes.com/2015/09/05/world/europe/migrant-crisis-hungary.html?_r=0
It’s gonna get worse, and then it’s only gonna get more worse once global warming accelerates and sea level rises and resource wars break out and hundreds of millions start migrating to the West.
Gonna be a whole lotta death and suffering happening, so tell your kids and grandkids that that’s what they have to look forward to in their lifetimes.
“This sucker could go down” — George W. Bush
The Power of the Free Market will take care of those refugees.
I wonder how many of the 94 mill with out jobs graduated from college?
It is like another planet out there, where people just hang out on the porch all day, doing nothing.
“I wonder how many of the 94 mill with out jobs graduated from college?”
Seek, and ye shall find:
“This spring, an estimated 2.8 million university graduates will enter the U.S. workforce with bachelor’s, master’s and doctoral degrees just as America’s unemployment rate hits its lowest level in nearly seven years. Cause for celebration, right? Not so fast.
“The millennial generation is still lagging in the workplace, just as it did last year. It makes up about 40 percent of the unemployed in the U.S., says Anthony Carnevale, a director and research professor for Georgetown University’s Center on Education and the Workforce.”
“Carnevale’s center found that the employment rate for young graduates was the worst around the ages of 21 to 25, with the employment rate for that segment falling from 84 percent in 2000 to 72 percent in 2012.”
This didn’t exactly answer your question, but it was close.
http://www.newsweek.com/2015/06/05/millennial-college-graduates-young-educated-jobless-335821.html
Here’s a link with a chart:
http://www.bls.gov/news.release/empsit.t04.htm
2.5% unemployed with a Bachelors Degree. Just as I thought. Good chart.
statistics?!?
Actually I have seen various links like that. The unemployment rate for those with a masters degree is even lower than that for bachelors degrees.
Knock on wood. MS CSci 1990.
thanks. I guess college, with Univ of PHX and other online garbage isn’t what it used to be. You are on your own, work hard, take a job as an apprentice, pay your dues! We all can not create “Angry Birds.”
Plenty of jobs in CA for hard workers.
thanks. I guess college, with Univ of PHX and other online garbage isn’t what it used to be
This is not a recent phenomenon. I’ve read that it goes back to the big expansion in higher education that took place in the 50s and 60s.
I bet a lot of them . A lot of schools are degree mills. Its a big business.
http://www.cato.org/publications/commentary/fallacy-government-creates-jobs
The Fallacy That Government Creates Jobs
trying to bring jobs home
http://www.democraticwhip.gov/content/when-we-make-it-america-america%E2%80%99s-families-will-make-it-too
MAKE IT IN AMERICA: LEGISLATION
Don’t want to rent to Section 8 recipients because they might trash your house? That’s a suin’. By the government.
BOSTON – A property owner and manager have been sued by Attorney General Maura Healey for violating state anti-discrimination and consumer protection laws when they denied an individual a rental unit on the basis of the source of his income.
The AG’s Office alleges that the defendants refused to rent an apartment in Woburn to the individual based on his receipt of assistance through the U.S. Department of Housing and Urban Development’s Section 8 Housing Choice Voucher Program and the requirements of the rental assistance program.
“Discrimination against prospective tenants who receive public or housing assistance is against the law,” AG Healey. “These programs help low-income families obtain affordable and safe housing, and landlords cannot use the requirements of these programs as an excuse to refuse to rent.”
http://www.mass.gov/ago/news-and-updates/press-releases/2015/2015-09-04-ocean-view-nominee-trust.html
Property rights, shmoperty rights.
Hmmmm … if a Section 8 rental needs to meet certain requirements before it will be qualified to be rented out as a Section 8 then it seem to me that all the landlord needs to do is prevent his rental from passing the requirements.
Here’s this:
“Can a landlord decide not to rent to me because I have a Section 8 voucher?
“An owner cannot deny you an apartment only because you have a Section 8 voucher. If you meet the same requirements as someone without a voucher, the owner cannot discriminate against you. In most cases, it is against the law for an owner, property manager or real estate broker to tell you that they do not accept vouchers. It is also generally illegal to discriminate based on your sex, race, disability, family status, national origin or income source—including a housing rental assistance. Please tell your Housing Counselor if you think you have been unfairly denied housing. Visit our Fair Housing page for more information about your rights.”
And here’s this:
“What standards do HAPHousing housing inspectors use?
“Our housing inspectors inspect according to minimum habitability and program requirements as established by the U.S. Department of Housing and Urban Development (HUD) and Massachusetts Department of Housing and Community Development (DHCD). These standards are collectively referred to as Housing Quality Standards (HQS).
“HQS were developed to insure that all homes leased under Section 8 will be safe, decent and sanitary. It is important to remember that these are minimum standards, and that under Massachusetts law, all rental properties must meet State Sanitary Code as well.”
http://www.haphousing.org/default/index.cfm/renters/rental-assistance-programs/section-8-faqs/
Great place to live: http://highway1discoveryroute.com/ If you can afford it.
I agree.
CNN Money is hilarious…
DOW goes up 300 points the other day and an article about savvy milennials who bought on the 1,000K dip are so brilliant…
DOW drops over 200 points today and no article to be found…LOL!!
Stoopid millenials!
Saudi Arabia has fomented Islamic fundamentalism all over the globe…now the chickens are coming home to roost. Enjoy that cheap oil while you can, folks….
http://www.businessinsider.com/saudi-arabia-stopped-attack-on-oil-facility-2015-9
The three letter acronymed agencies in the United States government also fomented terrorism around the world. Including those that the U.S. is purportedly fighting against. More money in the defense contractor pocket and less civil liberties for all.
Forward!
“Saudi Arabia has fomented Islamic fundamentalism all over the globe…”
^^^ That’s it in a nutshell.
Testify, Brother Corgan.
http://www.breitbart.com/big-hollywood/2015/09/04/smashing-pumpkins-billy-corgan-praises-trump-hes-fing-up-the-political-class/
A political endorsement from Billy Corgan is about as suspect as a pharmaceutical endorsement from Courtney Love.
Welcome to our strange, strange future.
After seeing the evil and oppression that are the fruits of Islam, is it reasonable to hope those who have suffered the most from Islamic radicalism will see it for what it is and reject it?
http://news.yahoo.com/berlin-church-muslim-refugees-converting-droves-083020529.html
A Bernie Madoff of precious metals:
http://www.mystatesman.com/news/news/local/downtown-austin-vault-of-precious-metals-turns-up-/nnYS2/
I only had to get into the third paragraph to the part where it said the vault “held” the metals for the customers.
Madoff indeed. They made off with his money.
A Phoenix engineer. He should have known better. Only acquire gold and only have it in your possession.
Lots of “experts” tell you to store your gold overseas. Well that is not in your possession. They will try to scare you in thinking your gold or silver will be confiscated. Far less likely now than in 1933 when people were PAID in gold and silver. There are probably huge scams in places like Singapore that dwarf the Austin one.
Selfishly hoarding means don’t trust but verify.