A recent poll has found that a majority of Americans believe the US is currently in a recession, citing concerns regarding ongoing inflation and high interest rates. The survey, conducted by Affirm in June and involving 2,000 adults, found that 59 percent of respondents consider the American economy to be in a recession. Many respondents indicated that…
Category: Economics
CNN’s, WaPo’s Rampell: Harris’ Homebuyer Tax Credit Will Drive Up Prices
On Friday’s broadcast of CNN International’s “First Move,” CNN Economics and Political Commentator, Washington Post columnist, and “PBS NewsHour” Special Correspondent Catherine Rampell stated that 2024 Democratic presidential candidate Vice President Kamala Harris’ proposed tax credit for first-time homebuyers “is likely
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Indian doctors stage nationwide strike over colleague’s murder
Indian doctors launched a nationwide strike Saturday, escalating protests after the “barbaric” rape and murder of their colleague that has channelled outrage at the chronic issue of violence against women. The discovery of the 31-year-old doctor’s bloodied body on August 9 at a state-run hospital in the eastern city of Kolkata sparked furious protests in […]
The post Indian doctors stage nationwide strike over colleague’s murder appeared first on Insider Paper.
Removing the “Great” from Britain
The Labor Party’s recent triumph over the intellectually-spent Tories finds the political regime wanting to bring back full-blown socialism. There is little to stop the British left from pushing a disastrous agenda.
Identifying the Causes of Economic Inequality
Inequality is inevitable and there are many reasons it exists. However, by declaring that racial discrimination is the primary cause of inequality is to substitute egalitarian ideology for economic reality.
Sri Lanka as a Role Model for the US
Is the United States on the fast track to ruination? Or, could a so-called Democratic Socialist government be a role model for the US?
Washington Post Editorial Board Roasts Kamala Harris for Economic Plan
The Washington Post’s editorial board roasted Vice President Kamala Harris for her newly announced economic plan.
The post Washington Post Editorial Board Roasts Kamala Harris for Economic Plan appeared first on Breitbart.
Stabbings To Show-Trials: 9 Simple Steps To Criminalize Free Speech
Stabbings To Show-Trials: 9 Simple Steps To Criminalize Free Speech
Authored by Kit Knightly via Off-Guardian.org,
In the wake of the Southport attack and ensuing riots, we wrote that the agenda had become clear – it was about attacking free speech.
Little did we suspect how quickly they would move, and how brazenly authoritarian they would become, culminating in quite literal show trials for facebook posts:
All while the so-called “liberals” are applauding and spouting phrases they don’t realise they’ve been hypnotised into believing through endless repetition.
“Tolerating intolerance just leads to more intolerance in the end.”
“Free speech doesn’t mean freedom from consequences”
“It was never an absolute right”
If it wasn’t obvious from the outset, it’s quite clear now that this entire situation has been a contrivance.
As it turns out it was a masterfully played hand that has perfectly set up the template for other governments who may want to crackdown on free expression in the future.
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Violent Incident – A terrorist attack, bomb threat, violent murder or some such hits the headlines. The incident can be real or staged, it makes no difference.
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Push “Misinformation” – Publish an intentionally falsifiable narrative of the above via anonymous accounts or non-mainstream sources, and use bots and shills to spread this “fake news”.
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Foment violence – Again using sock puppets and your bought-and-paid-for “alternative voices”, encourage disorder. Use undercover agents on the ground to direct and gradually inflame this situation until it becomes violent.
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Debunk “Misinformation” – Release the “real story” of the inciting incident, contradicting the initial “misinformation” you deliberately seeded (see #2).
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Blame Social Media – Through your controlled media, broadcast the idea that social media “amplified” the original “misinformation” (that you planted) and it is therefore to blame for the violence.
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Arrests – Begin arresting people for online comments (again, these can be real or fake, it makes no difference), but ensure the comments are unpleasant or stupid enough most people won’t defend them.
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Show trials and sentencing – Sentence people to prison for posting jokes and opinions on social media. Whether this is performed or actual, the desired effect will be the same.
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Legislation – Push through new legislation on hate speech etc. (or, in the UK’s case prepare to “revisit” legislation passed last year).
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Enjoy your precedent – Bathe in the adoration of people who should know better, enjoy your precedent and be ready to re-use it whenever you want.
That’s the base plan.
You can tweak it to add specifics to suit your agenda, for example, today in the UK they are trying rehabilitate the reputation of the police, attempting to rebrand them as “those brave boys who faced down the far-right”, rather then “those tools of the state who locked us down for no reason”.
But the great thing about this template is it can be adapted for any situation, all you need to do is plan the attack and riots accordingly.
Right now the UK has a new “Labour” government, eager to prove its “leftist” bona fides, so the stoked unrest was anti-immigration protests, allowing for a clamp down on the “far-right”.
Next time, in the US, maybe a cop allegedly shoots a black suspect who is reportedly unarmed, sparking BLM riots – but oh no, it turns out the cop was black too and the suspect WAS armed, “leaked” CCTV proves it.
Cue arrests of “far-left” BLM supporters calling for attacks on police or tweeting “All Cops Are Bastards” or anyone who spread the “misinformation” that the suspect was unarmed.
…you get the idea.
Tyler Durden
Fri, 08/16/2024 – 23:25
The Crown Jewel Of American Socialism
The Crown Jewel Of American Socialism
Authored by Jacob Hornberger via The Future of Freedom Foundation,
This week, the Wall Street Journal published some good news for proponents of Social Security, the socialist program that President Franklin D. Roosevelt signed into law in 1935. The Journal reported that the Millennial generation — those whose age range is between 27 and 44 — have experienced a “dramatic turnaround” in finances. The Journal states:
The median household net worth of older millennials, born in the 1980s, rose to $130,000 in 2022 from $60,000 in 2019…. Median wealth more than quadrupled to $41,000 for Americans born in the 1990s, which includes the generation’s youngest members, born in 1996. In early 2024, millennials and older members of Gen Z had, on average and adjusting for inflation, about 25% more wealth than Gen Xers and baby boomers did at a similar age, according to a St. Louis Fed analysis.”
Why is that good news for proponents of Social Security? It assures them that there is more wealth that the IRS can confiscate to support and maybe even expand the program.
The biggest myth in America today is that Social Security is a program in which people are “getting their money back.”
One often hears the refrain, “For 40 years, I’ve paid into the system. I have a right to get my money back.”
President Roosevelt signs the Social Security Bill on August 14, 1935.
But it really is just a myth. There is no truth in it at all. No one “pays into the system.” No one is “getting his money back.”
Social Security is nothing more than another welfare-state program, one based on the socialist principle of using the government to take money by force from one group of people and give it to another group of people. It’s no different from any other welfare program, such as food stamps.
The IRS taxes people to get the money to fund the welfare-warfare state.
It does not deposit any portion of that money into a Social Security lock box or a food-stamp lockbox that has each person’s name on it. The money also does not go into a Social Security retirement fund or a food-stamp emergency fund that earns interest.
Instead, tax revenues are spent on receipt. When people paid payroll taxes 20 years ago, the money went to fund welfare-state programs, including Social Security and Medicare at that time, and also warfare-state programs like the invasions of Iraq and Afghanistan. In other words, the tax money that people today feel they “paid into the system” was spent a long time ago. The money that is being used to fund Social Security today is being seized by the IRS from their children and grandchildren and their peers.
Proponents of Social Security claim that their support of this socialist program demonstrates their care and compassion. That’s silly. Where is the care and compassion of a program that depends on the forcible collection and redistribution of money by the IRS, one of the most tyrannical agencies in U.S. history? Genuine care and compassion comes from the willing heart of the individual — e.g., children and grandchildren helping parents and grandparents on a purely voluntary basis — along with church groups, charitable foundations, and the like.
Among the worst aspects of socialism is the mindset of dependency that it inculcates in people. As a masterful politician, FDR knew what he was doing in enacting his socialist program. He knew that once he got people hooked on it, they’d never be able to get off it. Today, so many people are convinced that if Social Security were repealed today, there would be people dying in the streets tomorrow. Pure nonsense. Unlike socialism, freedom works. It not only produces wealth, it also brings out the best in mankind.
Perhaps most important, any society that lives under socialism cannot under any stretch of the imagination be considered to be a genuinely free society. Oh sure, people can convince themselves that they are free under socialism but that’s simply self-delusion. Socialism and freedom are opposites. Our American ancestors clearly understood that, which is why America lived without Social Security, Medicare, Medicaid, food stamps, education grants, subsidies, and other welfare-state programs for more than 125 years. For those who want to experience what it’s like to live in a genuinely free society before they die, a choice must be made: Continue socialism and give up on freedom, or repeal socialism and experience freedom.
Among the greatest gifts that today’s seniors could give to their children and grandchildren and to America before they die — and before America is bankrupted — is the repeal of Social Security and Medicare and the entire welfare-state way of life that FDR foisted upon America.
Tyler Durden
Fri, 08/16/2024 – 22:35
Bernie Sanders: Harris Is Laying Out a ‘Strong Progressive Agenda’
Senator Bernie Sanders (I-VT) said Friday on MSNBC’s “All In” that Vice President Kamala Harris laid out a “strong progressive agenda” during her economic speech earlier today.
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