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Thoughts

BREAKING NEWS: ProPublica uncovers income tax taxes income

People think high income people don’t pay income tax. It’s absolutely untrue. People with high incomes pay high income taxes. Smart people who make a lot of money don’t make their money as “income.” If they even receive a paycheck they make it while making money in ways that don’t show up on a Form W2. ProPublica received a treasure trove of tax info on some of the richest Americans that prove this point.

ProPublica has obtained a vast trove of Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people, covering more than 15 years. The data provides an unprecedented look inside the financial lives of America’s titans, including Warren Buffett, Bill Gates, Rupert Murdoch and Mark Zuckerberg. It shows not just their income and taxes, but also their investments, stock trades, gambling winnings and even the results of audits.

Taken together, it demolishes the cornerstone myth of the American tax system: that everyone pays their fair share and the richest Americans pay the most. The IRS records show that the wealthiest can — perfectly legally — pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year.

propublica.org

A tax reduces the economic activity being taxed. Therefore, taxing income reduces the number of people that make income. If we moved away from an income tax or at least a very low flat income tax while taxing consumption then wealthy people have no choice but to pay more tax. It’s well known that wealthy people consume more than everyone else. We should also remove all the loopholes and tax credits. Those policies only serve to make the tax code complex while providing breaks to special constituencies.

Categories
Thoughts

Being educated and woke may result in unemployment

Any company hiring people who are more interested in perceived slights than the mission of your business does not deserve to be hired. Keep these people out so your business doesn’t rot from the inside.

The biggest liability that comes with hiring graduates from places like Haverford and Harvard is that they have been socialized to panic over pseudocrises. Talk of systemic racism and fixation on pronouns inculcate in young people an apocalyptic urgency, a mentality that often disrupts the workplace and encourages navel-gazing about “diversity,” “inclusion” and other ill-defined notions that are far removed from the main work of my organization, which is good writing, good editing and good arguments.

A few years ago a student at an Ivy League school told me, “The first things you learn your freshman year is never to say what you are thinking.” The institution he attended claims to train the world’s future leaders. From what that young man reports, the opposite is true. The school is training future self-censors, which means future followers.

Wall Street Journal
Image by tiday from Pixabay
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Thoughts

Huh… Doctors and scientists are human?

This story in the Atlanta Journal about epilepsy patients being enrolled in drug trials without their consent revealed that doctors and researchers are in fact humans with human foibles. Huh… go figure. I thought they were immune to bias and always “followed the science.”

Hospitals and doctors used feelings and prejudices regarding which drugs? You mean to say they played favorites perhaps over clinical experience?

Researchers and scientists didn’t have patients health in mind and instead were more concerned with their research? What?!? You must be kidding. I can’t believe it because I’ve been told all these people are heroes and do things out of altruism.

For example, the researchers who did the epilepsy drug study said, doctors in different hospitals often had feelings or prejudices about one of the three drugs that didn’t really have a basis in fact. The study put those to rest.

Critics of EFIC say abuses against patients have piled up under it, because the leaders involved in designing, approving and publishing studies are also usually researchers and people sympathetic to researchers. Their mindset inevitably tips over from care from the individual patients in the study to the public gains that might be made, said George Annas, director of the Center for Health Law, Ethics & Human Rights at Boston University.

ajc.com

So… now that we know they’re human does any of that translate to COVID-19 mania??

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Thoughts

What happened to Jeff Bezos’ face?

I keep tabs on Blue Origin because I’m interested in human space flight. Blue Origin released a video where Jeff Bezos announces in a weird reality show type video that he invited his brother to go along on the first flight with human passengers on New Shephard. I was so distracted with Jeff Bezos’ face and his speech pattern that I had to watch it three times. He’s no longer speaking clearly and his face is puffed out to where it doesn’t look like his face anymore. What happened? Take a look.

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That's All I Got Podcast

That’s All I Got – Ep. 7 – The Ivermectin Chronicles

A good portion of this podcast covers a long interview with Dr. Pierre Kory on Ivermectin. The status of the drug and all his frustrations at our medical institutions that are supposed to be helping us.

Oh… and please go buy a shirt if you need one.

Dr. Pierre Kory on Ivermectin & COVID-19 – Kevin Bae dot com

Native Americans owned slaves – Kevin Bae dot com

DHS knew about California VTA gunman – Kevin Bae dot com

Illinois sees increase in tourism… abortion tourism – Kevin Bae dot com

When equity goes wrong – Kevin Bae dot com

Micro aggression bullshit – Kevin Bae dot com

Biden Administration imported oil from Iran in March – Kevin Bae dot com

There is a new name for pedophiles… MAPs – Kevin Bae dot com

I guess this is why we’re buying oil from Iran – Kevin Bae dot com

WSJ Op-Ed makes boner out of a flaccid penis – Kevin Bae dot com

Podcasting 2.0

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Thoughts

Delta uses taxpayers to restructure its business

How about that. Did you know tax payer dollars helped Delta Airlines to totally restructure their business?

the company received $5.6 billion in federal aid from the CARES Act last year. It also got $3.3 billion from the second round of relief funding this year and $3.1 billion from the American Rescue Plan, which included some federal loans.

ajc.com

They didn’t use bailout money to just stay in business and keep people employed. Nope. They issued buyouts to get rid of old employees in favor of younger people,

The Atlanta-based airline used buyouts and early retirements to cut about 18,000 people from its staff of 90,000 last year as the pandemic caused air travel to drop 60%.

ajc.com

fully funded their pension obligations,

The airline used some of its funds to make payments into its pension funds, allowing it to fully fund the plan. Delta does not expect to have to make any further contributions to the plans in the future.

ajc.com

and restructured vendors.

The company has also cut costs by replacing smaller, older planes with larger, newer, more fuel-efficient planes, and by restructuring how it handles staffing and uses contractors.

In Atlanta, for example, Delta is replacing in-flight caterer Gate Gourmet with other companies including Newrest, Mainline Aviation and Sky Cafe U.S.

ajc.com

The used the opportunity of the pandemic to change every aspect of their business because they couldn’t do it when they were operating at full capacity. What does the travelling public get for it? NOTHING. NADA. Not even a gratis stale sandwich.

Shouldn’t there be a lawsuit or two about a company openly advocating age discrimination?

The early retirements have “given a lot of younger people opportunities to step up. We have a younger team going forward and we’re getting the juniority benefits,” Bastian said.

ajc.com

Have you ever heard the term “juniority benefits”?

Image by Cor Gaasbeek from Pixabay
Categories
Thoughts

I set up a merch store

In case anyone feels like throwing me a few bucks here and there and want a little something in return. All designs are my own so I can only blame my self for the poor product line. Enjoy.

Categories
Thoughts

Dr. Pierre Kory on Ivermectin & COVID-19

This is a couple hours of important information on what the government and big tech is doing to all of us.

Categories
Thoughts

WSJ Op-Ed makes boner out of a flaccid penis

I don’t see what could possibly go wrong. I mean… women are women… right? If they identify as women then they are women. Why are we judging this? Look at the bright side… it cuts down on the need for conjugal visits. Will the taxpayers have to foot the bill for prison nurseries? Not for plants you know.

I’m joking but seriously this is going to be very dangerous for women in prison. Men are men regardless of what they identify as. You can’t fight biology.

Take SB 132, which took effect in January. It allows transgender-identified male state prison inmates to transfer into women’s prisons based on “individual preference”—no hormones, surgery or time spent living as the opposite sex required. Spokeswoman Terry Thornton of the California Department of Corrections and Rehabilitation says 264 male prisoners have declared a nonmale identity and formally requested transfer to women’s facilities.

If Congress passes the Equality Act—the House already has—incarcerated biological men who identify as female would be entitled to transfer into women’s federal prisons and possibly also state prisons nationwide. How’s that working in California?

Not well, according to Amie Ichikawa, who was released in 2013 from the Central California Women’s Facility in Chowchilla, where she served five years for assault and kidnapping. Ms. Ichikawa is now forming a nonprofit to help currently incarcerated women. I visited her home in Torrance, and she put me in touch with four other current and former inmates. She contacted me after I appeared at a March Senate Judiciary Committee hearing to testify against the Equality Act. I told the lawmakers that although the vast majority of transgender Americans are peaceful, decent and law-abiding, the overbroad bill would be subject to abuse by opportunistic male felons.

Wall Street Journal
Image by OpenClipart-Vectors from Pixabay
Categories
Thoughts

I guess this is why we’re buying oil from Iran

Cancel pipelines, restrict fracking, and now suspend oil leases. This is how you go from energy independence to energy dependence in less than 6 months.

The Biden administration suspended oil leases in the Arctic National Wildlife Refuge in Alaska, the latest move in its effort to block plans to begin the first-ever drilling program in the pristine 19-million-acre wilderness.

The Interior Department said on Tuesday the program will be on hold until it completes a “comprehensive analysis” under the National Environmental Policy Act.

Wall Street Journal
Image: Gage Skidmore - Flickr