patrick.net

Onvacation says

If you mean confiscating wealth from the productive in the name of equity, I'm against you.

Too late for that. Half the damn country doesn't pay any meaningful amount in taxes. As in $1k or more. 20-30% of citizens in this country will never pay federal taxes. Yet reap benefits they paid nothing for. One of the few things Mitt Romney was right on.

This is yet another thing that the Georgist land-value tax would fix.

https://rationalwiki.org/wiki/Georgism

There should be no tax on income, because that discourages work.
There should be no tax on sales, because that discourages commerce.

There should be a single tax on land (and radio spectrum as a more abstract kind of land) because:

1. No one created land. Taxing land does not discourage "land production".
2. It's simple. Everyone can immediately understand it.
3. It's fair. If you don't want to pay a lot of tax, don't own a lot of land, or land in high-value areas which demand more services. But everyone will have to pay something.
4. It's impossible to evade. Everyone has to live somewhere within a country, and that place will have to pay the land value tax.
5. It is the best possible tax for the economy, discouraging only excessive land holding and not discouraging work or commerce.

This is great. There is an asian dude Antifa keeps harassing because they think he's Andy Ngo. They are like, you are antagonizing us because you are asian and look like him.

https://twitter.com/MrAndyNgo/status/1282904145247248384?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1282904145247248384%7Ctwgr%5E&ref_url=https%3A%2F%2Fthepostmillennial.com%2Fwatch-antifa-harass-asian-man-for-looking-like-andy-ngo

www.youtube.com/embed/RSc9mMzKKsA

WookieMan says

If you're laid off you're still making $2,500/mo plus normal UE benefits.

Where do you get these numbers? I help recently unemployed people find health insurance daily. I promise the average unemployed is making a fraction of this figure.

Theres a larger % of people w no fucking money than almost any time in memorable US history. I expect a market crash in october as empirical results start to match the direness of the situation.

CBOEtrader says

Where do you get these numbers?

From the only two people I personally know that are unemployed out of maybe 150-200 in my social network. And not FB social network, I'm talking about people that would 100% attend my wedding and that I communicate with at minimum monthly via phone/text/email.

The two are inlaws as well that I physically see on a weekly basis. They both are getting $600/wk. My MIL is only getting maybe $200/wk of normal UE. SIL is getting about $250/wk of normal UE from the state. They both got the $1,200 and SIL got the extra $500 for her son. I help my MIL with her accounting and have access to view her accounts. She 100% is getting what I state.

CBOEtrader says

I promise the average unemployed is making a fraction of this figure.

It's harsh, but it's likely the reason they are unemployed. They're too lazy to go through the UE process or are not educated enough on it to go get it. It takes time and patience to navigate the system in most states. I had the opportunity to get it after being laid off 2-1/2 years ago and said fuck it. Wasn't worth the time and my wife makes great money.

As an IC, I have a real estate license that I still have active, I could have gotten the $600/wk myself even though I earn other income. I've been taught all this by my SIL who frankly is ghetto and has figure out how to legally game these systems. Just takes a lot of time and knowledge of the system, which I admittedly don't know. This SIL is the one who fucked over baby daddy and destroyed his ankle monitoring bracelet knowing he'd go back to jail and the government would pay child support. She brags about this stuff.

CBOEtrader says

I expect a market crash in october as empirical results start to match the direness of the situation.

I don't doubt this could happen at all. Most people I know are in northern IL, but some in other states. I'm personally not seeing the direness from who I know and I know of people getting the stimulus and UE checks. The bad is happening, but I'm just personally not seeing it. Probably a blind spot for me I guess. There's for sure going to be some correction. The major index valuations just don't seem logical. But who knows. I don't have access to information that could point to a quick recovery for some reason.

Anecdotal, but at the Cab Company I work for, we have a few telephone operators and drivers who refuse to come back to work until the $500/week or so benefit runs out. Boss was tempted to mention this to the gov, but in reality such complaints will likely be ignored right now. If a company cuts a worker's hours to part time, that is doubly bad for the worker since it prevents UE benefits. Therefore, employees who get their hours cut are somewhat forced to quit.

WookieMan says

They both are getting $600/wk. My MIL is only getting maybe $200/wk of normal UE. SIL is getting about $250/wk of normal UE from the state. They both got the $1,200 and SIL got the extra $500 for her son

I sell a LOT of obamacare. Almost everyone who uses obamacare does so BECAUSE their income and family size qualifies them for subsidies to pay for the insurance (thank obama for that handout to blue cross).

I am not an expert at unemployment benefits, BUT it appears that unemployment insurance from govt is = a % of full employment income. Seems to be about 60% of employed income up to a maximum of about $800/week. The $600 per week bonus is currently planned to end in august, i think. So yeah, many many clients currently making more in unemployment than their previosu jobs. HOWEVER, theres a LOT of part time or restaurant or contract or previously unemployed who either get very little or nothing in unemployment. These people see that $600/wk as their last potential lifeline into a coming famine. Hard to know if these people cant or simply wont pay rent.

Then what about the investors? My landlord isnt a rich guy. He's a normal middle class dude who invested his savings into 3 townhomes, which he uses for income. Who pays him if his rentors dont pay? What about all those business owners with ruined businesses? Who is paying their rent/mortgage/college tuition for the kids?

I know a lot of people are financially fine through this and some (like myself) are seeing business increase. My business is exploding as I am fully digital in my sales and i sell health insurance :) Many, many others arent fine though.

Nv moratorium for business rents ended this month and residential rents are dure again Sep 1. Watch for evictions and foreclosures to pop in Sep. Expect the market to start falling around the middle of Sep as the numbers roll in. (*tin foil hat on*) ...and id expect the powers that be to follow through with the crash for political reasons. (*tin foil hat off*)

Its a speculative forecast, nothing i'd bet the farm on... but im looking for my best leverage bet to take advantage of this crash possibility.

CBOEtrader says

These people see that $600/wk as their last potential lifeline into a coming famine. Hard to know if these people cant or simply wont pay rent.

Agreed. Which is why I've been saying August will be interesting along with September reporting. Lots of unknowns.

Trust me, I'm not some cheerleader saying things are fine. I'm just personally not seeing it and know a few people making bank right now due to the bonus. The struggle has to be real in the high COL areas I assume. So I'm sure rents are rough in those areas. Living in a small town and knowing the restaurant owners, they're all fine. They shut down for a couple months and then started take out and have since opened up fully as no one is enforcing distancing. No one is missing rent here. Big cities where costs are higher, probably a problem.

The markets definitely don't seem logical. But that's also why I don't pay attention to them too much. It can make you crazy.

WookieMan says

Which is why I've been saying August will be interesting along with September reporting.

Arent you an investments advisor of some kind?

Are the rich people holding their shit together or no? I dont talk to many rich clients these days. My clients are almost all between $15k and $115k/year type families.

Misc says

Prior to the COVID lockdowns the unemployment rate was 3.5%.Today the unemployment rate is 11.1%. Including those who have part time jobs, but want full time jobs it is 18%. For July 23% of renters did not make their rent payment (this is about 25 million people), and this was through no fault of their own. They were working prior to government mandated lockdowns.


1. All individuals are responsible for their own actions alone. No one is responsible for anyone else's action.


As a society, we should at this point embrace a certain amount of socialism so as to not economically displace 25 million people. To have the Fed and Federal government bail out the rich and well connected, but let the commoners face homelessness would disintegrate the country. The BLM protests were quaint as very few people died. There is no telling the number of people that could be killed if we just let things take their course.

Dude, don't waste your time on this site. Years ago it was a helpful, informative site filled with renters, buyers, and landlords discussing the economic impacts of the housing markets excesses. Patrick was a cool dude with valuable economic insights that helped people make smart decisions.

Every time I've stopped back here in the past 5 years it has decayed further and further...it's pretty sad. Patrick's deep state antifa bullshit is scary--I can't believe he is on here inciting violence against people who dislike Trump. This circle is growing smaller by the day as not only our country but the rest of the world recognizes the peril Trump is bringing on his country.

@Patrick: you are better than this, dude...I've seen your posts here for years...I cannot believe what I'm reading from you today.

Violent BLM cultist beats police with a club:

https://www.dailymail.co.uk/news/article-8527275/NYPD-COD-three-cops-injured-attacked-protesters-Brooklyn-Bridge.html

NYPD hunts protester who beat a Chief of Department and three other officers with a cane during a violent brawl on the Brooklyn Bridge - while critics demand a response from Bill de Blasio

At least four officers - including the city’s highest ranking uniformed cop, Chief of Department Terence Monahan - were hurt and 37 were arrested
In surveillance footage a protester is seen swinging a long object down at the heads of a group of officers from a walkway as they attempt to arrest someone
Photos of the aftermath showed a lieutenant with a bloodied face, a detective holding a bandage to his head, and an officer helping another to dress a wound
Mayor Bill de Blasio, who earlier this month slashed NYPD funding by $1bn, has yet to speak about the incident, despite being active on social media
Elsewhere in Manhattan Wednesday, a marked NYPD van was broken into and torched as police hunt for four suspects

... 'Where is the outrage?' asked NYC Scanner on Twitter. 'The NYPD Chief of Dept along with 3 other officers were brutally attacked today, some needing the hospital, yet [Mayor de Blasio] has tweeted ELEVEN tweets since the incident (7 hours) - all of them about police reform - and not ONE tweet condemning the attack.'

JH says

deep state antifa bullshit is scary

Hella scary.

JH says

Patrick was a cool dude with valuable economic insights that helped people make smart decisions.

@Patrick: you are better than this, dude...I've seen your posts here for years...I cannot believe what I'm reading from you today.

Maybe you should be more concerned that the Democrat party has turned bat-shit crazy and has caused sensible moderates like Patrick to be appalled by it?

I know lots of smart dudes in California that have been red-pilled over the last few years by the crazy SJW'rs and Marxists that have taken over the Democrat party. Bill Clinton couldn't get elected in today's Democrat party.

Watching the Democrats single-handedly turn beautiful cities like San Francisco, LA, Seattle and Portland into absolute shit of homeless and lawlessness while they target Conservatives has an impact on one's views. Funny how that happens!

socal2 says

Watching the Democrats single-handedly turn beautiful cities like San Francisco, LA, Seattle and Portland into absolute shit of homeless and lawlessness while they target Conservatives has an impact on one's views. Funny how that happens!

www.youtube.com/embed/suYKgcLGhtw

socal2 says

Maybe you should be more concerned that the Democrat party has turned bat-shit crazy and has caused sensible moderates like Patrick to be appalled by it?

I know lots of smart dudes in California that have been red-pilled over the last few years by the crazy SJW'rs and Marxists that have taken over the Democrat party. Bill Clinton couldn't get elected in today's Democrat party.

Watching the Democrats single-handedly turn beautiful cities like San Francisco, LA, Seattle and Portland into absolute shit of homeless and lawlessness while they target Conservatives has an impact on one's views. Funny how that happens!

Thank you @socal2

I could not have said it better myself.

I'm a centrist, a moderate.

The left has become ultra-intolerant and violent.

Patrick says

socal2 says

Maybe you should be more concerned that the Democrat party has turned bat-shit crazy and has caused sensible moderates like Patrick to be appalled by it?

I know lots of smart dudes in California that have been red-pilled over the last few years by the crazy SJW'rs and Marxists that have taken over the Democrat party. Bill Clinton couldn't get elected in today's Democrat party.

Watching the Democrats single-handedly turn beautiful cities like San Francisco, LA, Seattle and Portland into absolute shit of homeless and lawlessness while they target Conservatives has an impact on one's views. Funny how that happens!

Thank you @socal2

I could not have said it better myself.

I'm a centrist, a moderate.

The left has become ultra-intolerant and violent.

I think my story is similar. I was a Democrat. But I cannot be anymore, party that destroyed my state, utterly hates me for my skin color. It’s insanity.

The Dems used to represent labor. Now they team up with Big Corporate to offshore jobs and flood the country with cheap illegal scab workers. The Dems even abandoned the White working class in the early Obama era planning to replace those voters with a collection of non-White voters and LGBTQ. As collateral damage, Black working class were abandoned as well.

"On Wednesday 22-year-old black male Joshua Hayes traveled a few miles outside Indianapolis to Brownsbury, a neighboring community. Joshua Hayes stopped his car, got out and started shooting at the first people he saw – two white males working at a cemetery.

One victim was hit, and fell in the road. Shooter Hayes walked up to him and shot him three times point blank in the chest killing him. Hayes then chased the second man down shooting at him and hitting him. Joshua Hayes then approached the wounded man, and as his gun was pointed at the second victim’s head, a man sitting in his car (which was hit by bullets) witnessing all of this and a concealed carry weapon holder, got out of his vehicle and shot the shooter dead.

Police later determined the shooter and the victims did not know each other, and this was 100% random.

The intent was to kill as many people as possible presumably – but that never happened because that with the CCW permit stopped him.

Of course, this did not make any national headlines. Just like the like the young white mother Jessica Whitaker who was shot in Indianapolis by Black Lives Matter protesters."

@FuckCCP89

The MSM are beyond garbage at this point. They're just as evil as the perpetrators of these actions, perhaps more-so. By engaging in biased reporting on such a scale as this, they warp the opinions of their viewers, whipping them into this state of TDS, where they view Trump as the Anti-Christ and all white people as "supremacists", to the point where these lunatics are actually murdering people. It's not hypothetical. It's not theoretical. It's very real.

They then have the gall to accuse Trump of "inciting violence". Always projecting. Always.

There needs to be another HUAC to bring these Marxists out of the shadows and into the light for the public to see who they are and what they've been doing. Until these people are removed from positions of power, things will only get worse.

FuckCCP89 says

Of course, this did not make any national headlines

I added it here:

https://patrick.net/post/1333832/2020-07-13-end-leftist-violence

Going to keep on adding them as leftist keep on murdering people.

Another murder obviously by violent leftists again:

https://patrick.net/post/1333927/2020-07-18-men-s-rights-activist-attorney-shot-and-killed-outside-home-in-san-bernardino-county

Another murder by BLM cultists.

https://www.nationalreview.com/news/body-found-in-wreckage-of-minneapolis-pawn-shop-burned-in-george-floyd-riots/

Death threats on campus that go ignored because it's barely intelligible Marxists that are hurling them:

https://www.campusreform.org/?ID=15301

Really, look at the threats these people post. It's nothing but profanity and borderline illiterate drivel. These are supposedly college students? This is an example of what the school system is turning out: ignorant, uneducated, violent psychopaths.

These people belong in a mental institution, not an institution of higher learning. Their prior educators should be looked into as well. No doubt a history of indoctrinators.

Two women doing laundry attacked by Black Man with handsaw and long history of violence and intimidation in Portland, in broad daylight. Responding police accused of racism by mob.






https://twitter.com/MrAndyNgo/status/1286102429532999681?s=20

https://t.co/LiL4Kv14at?amp=1

Graphic: Shane V. Green, who is black, walked inside a NE Portland laundromat & used a sharp handsaw to attack two women. Responding police located him on a nearby street but the arrest was interrupted by Portlanders who screamed at & taunted officers, accusing them of racism.

Shane Vordelmicha Green, was recorded attacking people in Portland with a sharp handsaw on 17 July, 2020. Protesters tried to stop police from arresting him. http://archive.vn/Fl68X

https://twitter.com/i/status/1285483420420837376

Great quote:

But we took Aunt Jemima out of the pancake box. Why does this keep happening??

20 year old Obama son with knee on neck of 2-year old baby arrested, was out on Parole.

https://www.foxnews.com/us/viral-photo-kneeling-white-baby-neck-black-lives-matter-arrest

I'd like to kick his teeth out. Just to start.

Just an everyday dindu occurrence. If the right responded like the left there would be no left.

NoCoupForYou says

20 year old Obama son with knee on neck of 2-year old baby arrested, was out on Parole.

https://www.foxnews.com/us/viral-photo-kneeling-white-baby-neck-black-lives-matter-arrest

Wonder why the mom allowed this crook to have time alone with her 2 year old?

https://www.detroitnews.com/story/news/education/2020/07/21/walled-lake-teacher-trump-tweets-prompted-firing-district-denies/5481014002/

A Walled Lake teacher maintains he was fired after tweeting his support for President Donald Trump earlier this month, but the school district denies his support for Trump was the reason for his termination.

Justin Kucera, a 28-year-old social studies teacher and baseball coach at Walled Lake Western High School, said he was summoned to a Zoom meeting with district administrators and questioned about three tweets he sent July 6.

Kucera retweeted a Trump tweet, saying "SCHOOLS MUST OPEN IN THE FALL!!!" and also tweeted:

"I'm done being silent. @realDonaldTrump is our president ... Don't @ me

"

Patrick says

But we took Aunt Jemima out of the pancake box

And Uncle Ben off the rice box.

Patrick says

https://www.detroitnews.com/story/news/education/2020/07/21/walled-lake-teacher-trump-tweets-prompted-firing-district-denies/5481014002/

A Walled Lake teacher maintains he was fired after tweeting his support for President Donald Trump earlier this month, but the school district denies his support for Trump was the reason for his termination.

Justin Kucera, a 28-year-old social studies teacher and baseball coach at Walled Lake Western High School, said he was summoned to a Zoom meeting with district administrators and questioned about three tweets he sent July 6.

Kucera retweeted a Trump tweet, saying "SCHOOLS MUST OPEN IN THE FALL!!!" and also tweeted:

"I'm done being silent. @realDonaldTrump is our president ... Don't @ me

"

Leftoids = modern brownshirts

https://www.thesun.co.uk/news/12220915/black-trump-fan-shot-dead-milwaukee/amp/

Removing the mask.

just_adhom_preaching says

https://www.thesun.co.uk/news/12220915/black-trump-fan-shot-dead-milwaukee/amp/

Where's the lamestream media on this? That's horrible