Biden’s work DISINCENTIVE

Systemic Racism?  The current entitlement system discourages the poor from trying to get ahead.

Biden's new CTC does nothing to fix entitlements. 

 https://www.wsj.com/articles/the-child-allowance-welfare-trap-university-of-chicago-study-work-incentive-tax-credit-11633644076?st=0o1jqgmi899m0ma&reflink=article_copyURL_share. 

 we estimate that this change in policy would lead 1.5 million workers (constituting 2.6% of all working parents) to exit the labor force.

https://marginalrevolution.com/

While everyone loves "free" money, money doesn't grow on trees and ultimately we will all have to pay for what we spend.  Encouraging everyone to try to get ahead is good for them and the economy.  Discouraging some to get ahead make them more susceptible to becoming addicted to the hand of the government and helps tear the country apart.

The above charts show the overall marginal Federal tax rate of a family of 4 (2 children over 6) and the individual components that make up the overall rate.  Marginal tax rate mean the amount of taxes you pay on the last dollar of earnings. This overall marginal Federal tax rate includes both taxes and losses of subsidies and affects how families might  increase their income by working a little longer, a little harder, or through improving their skills,

This marginal rate becomes very high, in some cases more than 100%, for those families making less than $50,000 per year, and can be a disincentive for portions of this segment from trying to get ahead.

Note that this affects up to 40% of the US households. 

The problem is the design of the various subsidies and the way they are reduced as income increases. There are 9 components included: Federal Income Tax; Payroll tax which includes both the workers nd the company's contribution to Social Security and Medicare; ACA tax which is the additional tax on higher incomes that is part of the ACA (Obamacare); EITC which is the earned income tax credit which is money that is given to low income workers; CTC - a tax credit, part of which is refundable at lower incomes and which is reduced at high incomes; SNAP which are funds given to the poor for purchasing food; Section 8 which are funds given to the poor to help pay for housing; ACA Subsidies which are funds given to the poor to help buy insurance; and BCTC which is the recently added additional child tax credit.

As shown, the loss of SNAP, Section 8, EITC and ACA subsidies are particularly painful, reducing the incentive to work longer or harder or to improve skills.

Hey Joe! 3.5 trillion >> 0 and 3.5 trillion ≠ 0

 3.5 trillion >> 0 and 3.5 trillion ≠ 0

Biden’s 3.5 trillion spending spree, dramatically increases the number of Americans becoming addicted to government entitlements and doesn’t cost zero.

It siphons 3.5 trillion out of the economy, a burden carried by employees, customers, and investors (think your pension.)

More Evidence it was a lab leak

Covid was spreading "virulently" in Wuhan as early as summer 2019 – far sooner than previously thought, according to an intelligence analysis of spending on PCR testing equipment. 

https://www.telegraph.co.uk/world-news/2021/10/04/covid-spreading-virulently-wuhan-summer-2019-claims-report/

Sars Cov 2 has a very unusual sequence,  ccgccg, in a very precise location that results in a spike protein with extraordinary affinity/activity (furin cleavage site) with the human ACE2 receptor, making it extraordinarily contagious and infectious. Since 1992 there have been at least 11 separate experiments adding a special sequence to the same location. The end result has always been supercharged viruses.And, in the entire class of coronaviruses that includes CoV-2, the CGG-CGG combination has never been found naturally. Although the double CGG is suppressed naturally, the opposite is true in laboratory work. The insertion sequence of choice is the double CGG. That’s because it is readily available and convenient, and scientists have a great deal of experience inserting it. 

THE BEGINNING – Unknown Virus

 

April 2012 six workers in Mojiang mine fell ill from a mystery illness while removing bat feces. Three of the six subsequently died.

 

From first becoming too sick to work in the mine, patient 2 survived 57 days until he died. Patient 3 survived 120 days after stopping work. Patient 4 survived 117 days and then was discharged as cured. Each had been exposed in the mine for 14 days prior to the onset of severe symptoms and they were treated for infections with symptoms (on admission) of:  a) dry cough, b) sputum, c) high fevers, especially shortly before death, 

d) difficulty breathing, and e) myalgia (sore limbs). Four had low blood oxygen diagnosed as ARDS (Acute Respiratory Distress Syndrome) and immune damage considered indicative of viral infection. Tendency for thrombosis was noted in patients 2 and 4.  Symptom severity and mortality were age-related (though from a sample of 6 this must be considered anecdotal). Potential common and rare causes of their symptoms were tested for and eliminated. Treatment included ventilation (patients 2-4), steroids (all patients), antivirals (all except patient 5), and blood thinners (patients 2 and 4).   

Remote meetings were held with Zhong Nanshan at Sun Yat-Sen University, Guangdong. Zhong is the Chinese hero of the SARS epidemic, a virologist, and arguably the most famous scientist in China. Samples from the miners were later sent to the Wuhan Lab and to Zhong Nanshan. The source of infection was concluded to be  a horseshoe bat with unknown coronavirus, not SARS virus. Samples were taken from patients for “scientific research” and blood samples (at least) were sent to the Wuhan Lab testing positive for serum IgM suggesting the existence of virus infection.  June 27th, 2012, the doctors performed an unexplained thymectomy on patient 4. The thymus is an immune organ that can potentially be removed without greatly harming the patient and it could have contained large quantities of virus. 

Science magazine wrote up part of the incident in 2014 as A New Killer Virus in China?

 

MIDDLE – Virus named BtCoV/4991 (and covertly renamed RaTG13)

Virol Sin. 2016 Feb; 31(1): 31–40.Coexistence of multiple coronaviruses in several bat colonies in an abandoned mineshaft

BtCoV/4991, a partial sequence of coronavirus and RaTG13, a full sequence of a coronavirus, are from the same bat fecal sample from Mojiang mine in 2013.

 

Wuahn lab has great interest in SARS-like bat coronaviruses, searched the Mojiang mine for bat viruses on four separate occasions between August 2012 and July 2013, even though the mine is a 1,000 Km from Wuhan, collecting trips began while some of the miners were still hospitalized.

 

Partial sequence by Wuhan lab first described in 2016, BtCoV/4991 was a 370 nucleotide virus fragment collected from the Mojiang mine in 2013 by the Wuhan Lab.

 

In 2017 and 2018 Wuhan lab working with BtCoV/4991 with full sequencing.   Full sequence has one segment 100% identical to BtCoV/4991

 

In February 2020, Wuhan Lab published full sequence of BtCoV/1991 but gave it a new name, RaTG13, without mentioning BtCov/1991 when they had cited BtCoV/4991 twice in earlier publications and once in a genome sequence database .  Further there was no mention of miners or deaths RaTG13 

 

END – SARS Cov2 Pandemics hits the world
 

RaTG13 coronavirus is the closest corona virus to SARS Cov2.

MEANING  - Coronavirus RaTG13 (aka BtCoV/1991) was the likely virus that infected 9 minors from Mojjian mine in 2012. RaTG13 likely mutated or was modified into the more infectious and dangerous SARS Cov2 under selective pressure within an human/laboratory environment  over prolonged period of time/study. Wuhan Lab had SARS Cov2 in various samples, including thymus, taken from Miners in 2012. Given Wuhan Lab’s extensive work with corona viruses it is likely that SARS Cov2 was accidentally released from the Wuhan Lab. 

 

 

 

3 Truths

 

LOGIC(facts)=Truth ≠ CRT = BS

Content of Character >> Color of Skin

Freedom = Equal Opportunity >> Equal Outcome = Communism or Socialism 

https://podcasts.apple.com/us/podcast/conversations-with-coleman/id1489326460?i=1000524150601

https://moxlosllc.blogspot.com/2021/04/critical-race-theory-crt-explained-by.html

Yes. Higher corporate taxes are paid by everyone

 

When you raise taxes on corporations, that additional cost is passed on to customers through higher prices, employees through lower wages, and investors with lower returns. It also reduces the size of the economy which hurts everyone.

Federal Analysis Shows Democrat Tax Bill Will Break Biden’s Promise To Not Raise Middle-Class Taxes

https://www.dailywire.com/news/federal-analysis-shows-democrat-tax-bill-will-break-bidens-promise-to-not-raise-middle-class-taxes

Maybe Obama hurt more than he helped?

An interesting discussion between Glen Loury, PhD Economics, and John McWhorter, PhD Linguistics, two blacks who don’t share the Democrats false narrative that systemic white racism is the primary cause of the significant disparities between blacks and whites. 

Excerpt “ I think Barack Obama, as the first black president, was in a unique position to set the tone and let violent protestors know they would be punished for their actions. He chose the easy way. He pandered. He deployed Al Sharpton. And now what is his legacy? He left the Democratic Party in shambles, the country in the hands of Donald Trump, and the black community no better off than he found it. Meanwhile, he repaired to Martha’s Vineyard to collect hundreds of millions of dollars in book and media deals. He could have made different use of his unique status. Instead, he’s truly become what his critics always accused him of being: Just another celebrity.”

Skip to 1:40 to skip introduction 

https://youtu.be/KAUZlrdFMXY

Where is Biden, BLM, Lebron? (9/27/21)

 

Where’s the outrage? Where’s BLM? Where’s Lebron?

Another week and more lives lost. Until the Democrats stop propagating the false narrative nothing will change.

Black lives matter - I support the words but cannot support the organization because it propagates the false narrative that systemic racism is the primary cause of the disparities(incarceration, teen mothers, fatherless households, income, wealth, etc.) between blacks and whites.

Racism exists, it’s bad, and we should continue to work to reduce it. Excess police force is bad and we should continue to work to reduce it.

BLM organization’s positions and policies do not address the problems (murders, fatherless households, teen pregnancy) and do not address the key root causes (it’s not excessive police force or systemic racism.)

Joe! Where are the workers?

 

Just back from lunch where I saw ANOTHER message from the management from another company asking me to be patient as they are still having trouble getting people to work.  

The data says there are still a lot of people not working. My experiences say that there a lot of companies looking for employees.

Hmmm.  I wonder if the extended unemployment benefits and/or the increased child tax credits and/or the entitlement system are incenting people to NOT work? (see  https://moxlosllc.blogspot.com/2021/02/is-this-systemic-racism-us-discourages.html ).

Biden’s Immigration Mess - Aug 21

I support immigration. A lot of immigration. But legal immigration, with a mix of merit based  (engineers, scientists, entrepreneurs, doctors, mathematicians, etc.) and opportunity-based (poor people who want to work hard, adopt American values, and get ahead). 

Biden’s policies are a mess AND put many innocents at risk allow Mexican cartels to get rich. 

So. It was a hoax

Yes. The Democrats will lie cheat and steal John Durham on Thurs­day in­dicted a Clin­ton cam­paign lawyer from 2016 for ly­ing to the FBI, but this is no ho-hum case of de­cep­tion. The spe­cial coun­sel’s 27-page in­dict­ment is full of new, and damn­ing, de­tails that un­der­score how the Rus­sia col­lu­sion tale was con­cocted and ped­dled by the Clin­ton cam­paign.

https://www.wsj.com/articles/john-durham-cracks-the-russia-case-fbi-michael-sussmann-clinton-campaign-11631917159?st=y3m2gyx0pafufy9&reflink=article_copyURL_shareQ

Buy the book

 Amazon blocks ad for book investigating Black Lives Matter

“BLM: The Making of a New Marxist Revolution”

https://www.dailysignal.com/2021/09/16/amazon-blocks-ad-for-book-investigating-black-lives-matter/

Everyone is making more

Everyone is making more

Yes, the rich got richer.  But so did everyone else.  The CBO Distribution of Household Income Report 2017, just released, shows that there has been a continual increase in income by all quintiles with the lowest quintile actually having the highest growth.

What is a fair share?

It seems that we already have a progressive tax system and the richest are paying by far the highest share.

Still no help from Lebron or BLM

 

 

Where’s the outrage? Where’s BLM? Where’s Lebron?

Another week and more lives lost. Until the Democrats stop propagating the false narrative nothing will change.

Black lives matter - I support the words but cannot support the organization because it propagates the false narrative that systemic racism is the primary cause of the disparities(incarceration, teen mothers, fatherless households, income, wealth, etc.) between blacks and whites.

Racism exists, it’s bad, and we should continue to work to reduce it. Excess police force is bad and we should continue to work to reduce it.

BLM organization’s positions and policies do not address the problems (murders, fatherless households, teen pregnancy) and do not address the key root causes (it’s not excessive police force or systemic racism.)

Iran Nuclear Deal was always a Fairy Tale

UPDATE - But the regime also has stonewalled a sep­a­rate IAEA in­ves­ti­ga­tion into un­de­clared nu­clear sites in the coun­try. This points to a fun­da­men­tal flaw in the nu­clear agree­ment: No one knows the true ex­tent of the Iran­ian nu­clear pro­gram, let alone what’s hap­pen­ing at the de­clared sites. The sense of se­cu­rity the deal pro­vided the West was il­lu­sory, but the sanc­tions re­lief was real.

Iran was always Cheating

A key part of the Iran Nuclear Deal, in addition to the "anywhere anytime" inspections (that in reality were only as/if Iran chose to allow - which they didn't) was complete disclosure of all nuclear activity.

Just this month the IAEA said its in­ves­ti­ga­tors found nu­clear ma­te­r­ial at another un­de­clared site and that Iran’s ex­pla­na­tion was “not cred­i­ble.” 

This is in addition to the discovery in May 2018 of the existence of a secret Iranian nuclear archive — a curation of Iran’s past work on nuclear weapons, which had never been disclosed to international inspectors or nuclear deal negotiators.

What else don't we know.

Too bad Iran's top nuclear weapons scientist, Mohsen Fakhrizadeh, was just assassinated in an ambush.

And too bad that it appears Democrats and Biden's team still believe in fairy tales

U.S. Senator Chris Murphy, the top Democrat on the U.S. Senate’s Middle East subcommittee, said on Twitter that “this assassination does not make America, Israel or the world safer.” Huh???

Robert Malley, who served as Iran adviser to Obama and is advisor to Biden’s team, questions Fakhrizadeh’s killing, "One purpose is simply to inflict as much damage to Iran economically and to its nuclear program while they can, and the other could be to complicate President Biden’s ability to resume diplomacy and resume the nuclear deal” 

 

Way to go Joe

 Can anybody imagine, well I guess half the country can, what the Democrats would be doing if Trump had won and was doing the things Biden is doing?

Strong possibility you’d be seeing more Democrats dying from burst blood vessels than COVID. 

Flooding not a concern either

The World Is Getting Safer From Floods

https://www.wsj.com/articles/flood-climate-change-ipcc-united-nations-infrastructure-deaths-cost-severe-weather-11631134276?st=z3gwsej15en1coo&reflink=article_copyURL_share

Biden’s climate policies cost more than they save

 Biden‘s climate policies cost more than they save. 

The proposed changes essentially eliminate very low cost power sources for very high cost power sources meaning they significantly reduce the GDP in early years and only slightly increase GDP in late years. 

Also, importantly, the changes make only a slight difference in what will be an increase in temperatures.

Some important changes would be to significantly increase R&D dollars and to fully back nuclear.

A great article  https://johnhcochrane.blogspot.com/2021/09/climate-economics.html

But climate financial regulation will not help the climate, will further politicize central banks, and will destroy their precious independence, while forcing financial companies to devise absurdly fictitious climate-risk assessments will ruin financial regulation.

https://johnhcochrane.blogspot.com/2021/07/climate-risk-to-financial-system.html

There’s no increase in numbers or intensity of hurricanes or wildfires

 

Steven Koonin, who was chief sci­en­tist of the Obama En­ergy De­part­ment ar­gues that what the me­dia and politi­cians and ac­tivists say about cli­mate sci­ence has drifted so far out of touch with the ac­tual sci­ence as to be ab­surdly, demon­stra­bly false.

From deeply ex­am­in­ing the world’s en­ergy sys­tem, he also be­came con­vinced that the real cli­mate cri­sis was a cri­sis of po­lit­i­cal and sci­en­tific can­dor: “the world isn’t go­ing to be able to re­duce emis­sions enough to make much dif­fer­ence.”

He points out the weakness and uncertainty in the models, doubting the use­ful­ness of cen­tu­ry­long fore­casts claim­ing to know how 1% shifts in vari­ables will af­fect a global cli­mate that we don’t un­der­stand with any­thing re­sem­bling 1% pre­ci­sion.

He agrees that the world has warmed by 1 de­gree Cel­sius since 1900 and will warm by an­other de­gree this cen­tury, plac­ing him near the mid­dle of the con­sen­sus, but he doesn’t see any­thing that would jus­tify the rapid and whole­sale aban­don­ing of fos­sil fu­els, even if China, In­dia, Brazil, In­done­sia and oth­ers could be dis­suaded from pur­su­ing pros­per­ity.

He’s a fan of ad­vanced nu­clear power even­tu­ally to pro­vide car­bon free base-load power.

But the Green New Deal makes no eco­nomic sense to force.  Every­thing he sees in the sci­ence sug­gests a slow, mod­est ef­fect, not a run­away warm­ing.  Let tech­nology and mar­kets work at their own pace. The cli­mate might con­tinue to change, at a pace that’s hard to per­ceive, but so­ci­eties will adapt. “As a species, we’re very good at adapt­ing.”

https://www.wsj.com/articles/how-a-physicist-became-a-climate-truth-teller-11618597216?st=snbnvw52k8f8s9r&reflink=article_copyURL_share

But climate financial regulation will not help the climate, will further politicize central banks, and will destroy their precious independence, while forcing financial companies to devise absurdly fictitious climate-risk assessments will ruin financial regulation. https://johnhcochrane.blogspot.com/2021/07/climate-risk-to-financial-system.html

https://johnhcochrane.blogspot.com/2021/07/rossi-hansberg-on-effects-of-carbon-tax.html

Joe “leave no one behind” Biden

Joe “leave no one behind” Biden

Afghan interpreter who helped rescue Biden in 2008 left behind after US exit

Law­mak­ers and me­dia or­ga­ni­za­tions are call­ing on the Biden ad­min­is­tra­tion to help get more than 500 gov­ern­ment-funded me­dia em­ploy­ees and their families out of Af­ghanistan, where they risk ret­ribution from the Tal­iban for their af­fil­i­a­tion with the U.S. gov­ern­ment.

A State Department official said in a private ebriefing to reporters that “the majority” (10’s of thousands) of special immigrant visa applicants were left in Afghanistan due in part to the complications of the evacuation

Hundreds of American citizens left behind -US State Department

Not to mention the tens of billions of dollars of weapons left behind

Roe v Wade was not overturned

 SCOTUS doesn’t rule the Texas law is Constitutional. It actually followed precedent by not ruling on the law until there is a person with standing bringing a case. Ultimately the Supreme Court will find the Texas abortion law unconstitutional: “…we stress that we do not purport to resolve definitively any jurisdictional or substantive claim in the applicants’ lawsuit…this order is not based on any conclusion about the constitutionality of Texas’s law, and in no way limits other procedurally proper challenges…”

https://www.wsj.com/articles/texas-abortion-law-blunder-supreme-court-samuel-alito-john-roberts-whole-womans-health-11630619631?st=fqofvhmxrvvo9ok&reflink=article_copyURL_share

https://jonathanturley.org/2021/09/02/supreme-court-rejects-injunction-of-texas-abortion-law-media-erupts-with-roe-obituaries/

Turkey - This order concerns whether a court can enjoin the law before any final review on the merits. Any challenge to the law could be expedited on appeal.

The problem is that the challengers to the Texas law picked defendants (a state court judge and a court clerk) that do not enforce the law. Indeed, they appear virtually random.