The Backstory on Our California Exodus

Along the 32nd parallel, in San Diego, where the western march of America’s manifest destiny collides with the Pacific Ocean, the sunsets are always perfect.

The view from the coast here is due west.  It is also south of the Channel Islands.  The setting is completely unobstructed.

Reds, yellows, oranges, purples, and pinks radiate out from the sun as it drops to the waterline.  The colors swirl across the sky and dance and glisten off the glassy water.

We watched the great ball of hydrogen slip beneath the liquid horizon while bobbing just offshore on our surfboard nearly every day for several years that encompassed the mid-1990s.  Staying in the water for sunset was essential.

The old fishermen who casted their lines off the rocks near PB Point spoke of an extremely rare green flash.  If one was lucky, the green flash could be observed just as the sun dips below the waterline.  The Jules Verne novel “Le Rayon-Vert” (The Green Ray), published in 1882, described it as:

“A green which no artist could ever obtain on his palette, a green of which neither the varied tints of vegetation nor the shades of the most limpid sea could ever produce the like!  If there is a green in Paradise, it cannot be but of this shade, which most surely is the true green of Hope.” Continue reading

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Is the IRS Coming for You?

This week, while you were busy working, President Biden signed what he says is, “one of the most significant laws in our history.”

It’s called the Inflation Reduction Act (IRA) of 2022.  The name implies it will reduce inflation.  How pumping $750 billion into preferred sectors of the economy will reduce inflation is unclear.

But what is clear, and as confirmed by the Congressional Budget Office, is that the bill will force working-class Americans to pay an estimated $20 billion more in taxes over the next decade.

For the Biden administration, this is all part of its plan to consolidate power, push its socialist agenda, bury workers with crushing taxes, and destroy the middle class with soaring inflation.  The Build Back Better Act may have failed.  But the IRA, which cobbles together much of the trash from BBB, is now federal law.

We’ll have more on this in just a moment.  But first, some context is in order.

Where to begin…

Money provides the means for trading available goods and services.  If a person wants to increase their portion of goods and services, they must first increase their productivity.  They can do this in one of two ways.  By working harder.  Or by working smarter. Continue reading

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Why Labor Productivity Has Collapsed

Recession.  Raging consumer price inflation.  A Presidential administration that seeks to confuse and obfuscate what’s really going on.  These are the realities facing American workers in the dog days of August circa 2022.

For example, this week the Bureau of Labor Statistics released the Consumer Price Index results for July.  According to the government number crunchers, the CPI decelerated from an annualized rate of 9.1 percent reported for June to an annualized rate of 8.5 percent in July.

Gas prices fell 7.7 percent from one month ago.  But are still up 44 percent over one year ago.  Food prices rose 1.1 percent on the month and are up 10.9 percent over the past 12 months.  Rents also rose 0.7 percent in July.

President Biden, a man who alternates between being a world class liar and a world class moron, took the opportunity to tell an untruth the American people:

“I just want to say a number: zero.  Today, we received news that our economy had 0 percent inflation in the month of July – 0 percent.  Here’s what that means: while the price of some things go up – went up last month, the price of other things went down by the same amount.  The result?: Zero inflation last month.” Continue reading

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What Happens When Work Doesn’t Pay

Now there comes a time
In every man’s life,
Where decisions have to be made
Whether to toil, to labor,
Or just plain piss
Your days away, away, away!

Caught in a Jar, Dropkick Murphys

Flat Out Wrong

Jobs data reported this week by the Bureau of Labor Statistics show that, as of the last business day of June, there are 10.7 million job openings.  Hence, according to the numbers, there are many more available jobs than willing workers.

At the same time, the U.S. unemployment rate’s just 3.6 percent – near a five-decade low.  So, by the numbers, the economy is at full employment and still overflowing with jobs to be filled.

The U.S. economy couldn’t possibly be in a recession, given this robust and healthy jobs market, could it?

Not in the eyes of Treasury Secretary Janet Yellen, who recently stated the economy isn’t in a recession because, “job creation is continuing, household finances remain strong, consumers are spending and businesses are growing.” Continue reading

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