06-20 Politically Incorrect Daily

Political Memes and Funny Pictures

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Social Media Posts of the Day

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Don’t Give an Inch On This

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No White Flag on Red Flag Laws – Kurt Schlichter

Quote of the Day

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Random Thoughts of the Day

Let’s examine how to create a textbook bubble in the real estate market that benefits the super-rich. First, the Federal Reserve massively increases the money supply while charging ultra-low interest rates. The government uses all the new money for unsustainable spending campaigns. Result: people feel richer. Their 401k balances are bursting, saving is increasing, they’re receiving free government “stimulus” money, etc. Naturally, people want to take advantage of the good times by spending money on such things as a new home. Since all but the super-rich need a mortgage, the purchase price isn’t as relevant as the monthly payment. At 3.25%, 20% down payment, a 30-year mortgage payment on a $400,000 hourse is $1393. For a young, two-income couple, that might be totally doable, so they can bid $400K on whatever house they like.

Of course, the insane money printing & spending always leads to inflation at some point, forcing the Fed to reduce the money supply and raise interest rates. We’re obviously seeing that scenario play out. Consider the same situation with the house, only now the rate is 6.5%. The same mortgage on the $400,000 house would be $2023 per month! Now a couple that can only afford $1393 is completely priced out of the market for a $400K house. In fact, if you want a $1393 payment at 6.5% interest, the most you can spend on a house is now $275,000. This scenario gets even worse if you can’t afford a 20% down payment and must resort to mortgage insurance.

So how does this benefit the super-rich? It’s simple–they can buy the real estate outright without a mortgage. The same house which sold for $400k can now be purchased in cash at $275K. The Bill Gates’s of the world can now swoop in and buy a ton of bargain-basement real estate. Then, they can just rent out the property until governments & central banks create the next bubble for which they sell into, and the process starts again. Get the picture? Admittedly, the massive housing shortage in this country makes this an oversimplified example, but the point is the entire real estate value formula is flipped by the huge increase in interest rates.

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Message of the Day

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Other Links That May Interest You

USA Today Removes 23 Articles, Says Reporter Fabricated Sources
Rebranded: Kamala Harris’ New Project Sounds Suspiciously Similar to Another Disinformation Board
Joe Biden Meme Gallery 4
Justin Trudeau Meme Gallery

05-28 Politically Incorrect Daily

Political Memes and Funny Pictures

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Social Media Posts of the Day

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Quote of the Day

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Random Thoughts of the Day

Did you ever notice that when the mainstream media and historians evaluate presidents and members of Congress, (other than political party) they use two primary criteria to judge success:

  1. How much did they expand the size of government?
  2. What new legislation or laws did they get passed?

Another way to put this is “How much did they ‘get done?'” Did you ever think about what this really means? When they create new entitlement programs or increase the funding for existing programs, they’re widely praised, but this simply means the politicians are spending more money that will have to paid for with either higher taxes, or the more common recent method, debt & money printing, which has led to the explosion of inflation. What makes matters so much worse is that it’s politically risky to rollback a government program once they’ve started it, so most politicians don’t even try. Plus, all that new government spending is NEVER a no-strings-attached deal. The money is used to CONTROL, as with the Department of Education and Obamacare. Then, there’s the 2nd measure of “accomplishment”–new laws. Another way of thinking of this is that every new law, regulation, administrative rule, executive order, etc. just means another piece of your freedom has been taken away, made illegal, usually without any power granted by the Constitution.

It’s yet more evidence the mainstream media is a tool of the Ruling Class, an enemy of the people. it’s time to flip the script on the way we judge political leaders. We should be thinking about how much they CUT spending & the size of government. How many laws were repealed? How many regulations were rolled back? How many executive orders were reversed? True benefactors of the people will try to decrease their own power and that of future leaders who will hold the position.

Until we change these fundamental measures of success, the country will never improve, regardless of what political party is currently in charge.

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Big Government/Socialism Meme Gallery 2

Message of the Day

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Other Links That May Interest You

White House Looks to Be Planning for ‘Wave of Infection,’ Just in Time for Midterms, Advises Indoor Masking
National School Boards Association Wanted Federal Troops Deployed at Local Meetings
Black Lives Matter (BLM) Meme Gallery
California Meme Gallery

03-31 Politically Incorrect Daily

Political Memes and Funny Pictures

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Social Media Posts of the Day

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Message of the Day

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So Glad We Got Those “Stimulus” Checks

Average American Paying $5,200 Per Year More for Essentials

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Another Trojan Horse

Remember, the Left loves to use the tried’n’true technique of naming things in a way to cover up what they truly are and open a line of political attacks if you oppose them. So a government takeover of healthcare is called the Affordable Care Act. A communist extortion organization is called Black Lives Matter. What, do you oppose affordable healthcare and think black lives don’t matter?! A law which prevents teachers from discussing sex with kindergarteners is branded the “Don’t Say Gay” bill. What, are you a bigot who believes it should be illegal to discuss homosexuality?! As long as they have a corrupt media & Thought Police tech companies to cover up the bullshit, they can easily bury what things truly are.

The latest is Biden’s “Billionaire Tax” proposal. Don’t look at the details! Just pass it–what, do you support protecting billionaires and preventing them from paying taxes?! This is nothing more than a trojan horse for the introduction of a wealth tax system on all Americans. In other words, in addition to taxing the income you take in for the year, you will have to fill out an additional return that taxes a percentage of your accumulated assets. That means, your house, cars, collectibles, cryptocurrency, bank accounts, and even your supposedly tax-sheltered retirement accounts will all have to be tallied so the government can steal a percentage every year. In addition to the theft of more of your money, imagine the complexity! We already have a wealth tax–it’s called the inheritance tax. Think of the crap we have to go through with an estate when a person dies. Lawyers, accountants, and courts must get involved to sort out the giant mess. Appraisals must be ordered since assets like real estate don’t have an easily defined value. Imagine that kind of mess EVERY YEAR!

This bill is such a farce in so many ways. It’s supposed to raise $360 billion over 10 years, from billionaires, but they’ve already lowered the threshold into the millionaires category without even writing the final bill. As always, the final bill will be 2500+ pages of legalese that buries a bunch of loopholes for political cronies while implementing procedures to hit the middle class in the future, usually immediately after a major election. And even if loopholes didn’t exist for the megarich, they would simply shift wealth offshore or use lawyers & accountants to structure their assets to minimize the tax they pay.

For argument sake, say by some miracle billionaires actually did pay $360 billion more through this tax over 10 years. That amount is less than 10 percent of what the feds blew just on Covid crap, and it only covers about 6 percent of the federal spending for one year!

This bill is a farce, a political stunt, but most of all, yet another way to siphon off more of your hard-earned money. You will own nothing and be happy! Where have I heard that before? 🤔

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Quote of the Day

quote joe biden going to be new world order

Other Links That May Interest You

Details of Biden’s New ‘Billionaire’ Tax Don’t Match the Name – Spencer Brown
75 Types of Taxes You Pay the Government
Pros and Cons of a Wealth Tax
10 Reasons Why Raising Tax Rates Decrease Total Revenue (and Vice Versa)