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San Francisco's slide into hell under extreme violent leftism


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2021 Apr 15, 9:51pm   159,274 views  1,039 comments

by Patrick   ➕follow (61)   💰tip   ignore  

https://www.nationalreview.com/magazine/2021/04/19/chesa-boudins-dangerous-san-francisco/

‘Hey, where are you?” Hannah Ege texted her husband, Sheria Musyoka. He’d left on a morning jog and had been gone for an hour and a half. Hannah was home, taking care of their three-year-old son. She began to freak out. She called and texted and called again. He never answered.

Speeding and drunk — at just shy of eight in the morning — Jerry Lyons barreled through a red light at an intersection in a stolen Ford Explorer. Lyons struck and killed Musyoka, a 26-year-old Dartmouth grad who had moved to San Francisco only ten days earlier with his wife and their son. After clipping Musyoka, Lyons collided with another car, causing an eight-car pileup that sent several other people to the hospital.

The San Francisco police arrested Lyons on multiple charges that morning in February, but this was not the first time he’d been arrested for drunk driving in a stolen car. On December 3, he had been arrested for driving under the influence, driving a stolen vehicle, and driving without a license. Before that, he’d been released from prison after serving time for a grand-theft conviction; in fact, Lyons had been arrested at least seven times in the Bay Area since his release from prison, and his rap sheet goes back a decade. Still, San Francisco’s district attorney, Chesa Boudin, delayed pressing charges against Lyons until a toxicology report confirmed that he had been inebriated, which, more than a month and a half later in January, it did. Lyons then had 14 days to turn himself in to the DA’s office. On the 13th day, he killed Musyoka. While COVID-era difficulties might have accounted for the medical examiner’s slow speed in returning test results, a different DA could have chosen to move forward sooner — taking necessary precautions — and charged Lyons with a DUI based on observable factors alone, such as the results of Lyons’s field sobriety test, his erratic driving in a stolen vehicle, and close scrutiny of his behavior.

Hannah Ege expressed her grief and pain to a local TV news station, railing at the district attorney’s reluctance to lock up repeat offenders. Whom does she blame for her husband’s death? “The DA,” she said. “This freak accident was no freak accident. It was someone who was out in the public who should not have been out in public.”

The Lyons mayhem is not an isolated case in the city by the bay. On New Year’s Eve, a parolee on the run from a robbery — also in a stolen car — sped through a red light, striking and killing two women, 60-year-old Elizabeth Platt and 27-year-old Hanako Abe, who were in the crosswalk. The driver, Troy McAlister, had been released twice by the district attorney in the previous year: the first time because Boudin refuses to pursue three-strike cases, of which McAlister’s was one; the second — as recently as December 20, when the SFPD arrested McAlister for driving a stolen car — because Boudin kicked the case to the state parole officers, who did nothing.

Welcome to San Francisco’s latest idiocy, a new experiment in governance where everything is allowed but nothing is permitted. A paradox, you might say, but take a walk down Market Street, down that great avenue in a great city in a great nation, and note the desolation of the empty streets, the used needles tossed on the sidewalks, and the boarded-up windows on storefronts. Consider that, at various unpredictable times in the last year, it has been illegal — for the sake of public safety during COVID — to run a mom-and-pop corner shop or to serve food at sidewalk cafés. Reflect for a moment that, since time immemorial, it has been illegal to build any new housing, because of the most onerous and confusing zoning laws in the known universe. Mark Zuckerberg can apparently influence national elections by tweaking algorithms, but he is powerless before the planning commission when it comes to building apartments for his employees. The city has banned plastic straws, plastic bags, and McDonald’s Happy Meals with toys. And yet, all the while, drug dealers sell their wares — COVID or no COVID — openly and freely at all hours of the day and night, users shoot up or pop fentanyl in public and defecate on the street, robbers pillage cars and homes with the ease of Visigoth raiders, and the district attorney frees repeat offenders who go on to sow disorder, pain, devastation, and grief. A profound melancholy hangs in the air of this city, punctuated only by the shrieks of a junkie dreaming of demons or by the rat-tat-tat-bam of the occasional firework. (Or was that a gun?) ...

How did it come to this? On January 8, 2020, Mayor London Breed swore in Chesa Boudin as the new district attorney of San Francisco in front of a packed house at the Herbst Theater. Boudin won the election by a nose in a runoff, with oily promises to feel the pain of all parties to a crime, both victims and perpetrators. He made pledges to enact “restorative justice” and prison reform through “decarceration.” U.S. Supreme Court justice Sonia Sotomayor recorded a congratulatory video message, which was played at the swearing-in ceremony for Boudin and the crowd. “Chesa, you have undertaken a remarkable challenge today,” the justice said. “The hope you reflect is a great beacon to many.”

The task before Boudin was already monumental. Before he assumed his office, San Francisco ranked No. 1 in the nation in property crime. On average, thieves broke 60 car windows per day, with impunity. In 2014, California voters approved Proposition 47, a reform measure that reduced many felonies to ticketed misdemeanors, such as theft of less than $950 and hard-drug possession. There were more drug addicts on the streets than there were students in the schools. Tent encampments of homeless people had sprouted in every nook and alley and under every highway overpass. Commuters faced a daily gauntlet in the form of an appalling humanitarian crisis in the streets.

But Boudin immediately refused to take any responsibility for these issues. Among his first acts was to fire seven veteran prosecutors who were not on board with his radical views. (Over 30 prosecutors have left during his tenure because they don’t want to work for him.) Next, Boudin abolished the cash-bail system, so offenders are able to walk free after arrest. He rarely brings a case to trial: Out of the 6,333 cases to land on his desk since taking office, he has gone to trial only 23 times. This is one-tenth the rate of his predecessor, George Gascón, who was hardly tough on crime. Since the killing of George Floyd, there has been a shortage of cops, as officers retire in record numbers. San Francisco has also moved to defund the police, with plans to shift $120 million in law-enforcement funding to restorative-justice programs, housing support, and a guaranteed-income pilot, among other ideas.

To where does Boudin’s “great beacon” point? Over the last year, there have been more deaths from drug overdoses in San Francisco than from COVID-19. Walgreens has closed ten of its drugstores in the city because its shelves were being pillaged freely by shoplifters. According to SFPD’s CompStat, compared with last year, arson has increased 52 percent, motor-vehicle theft is up 21 percent, and burglaries have seen a 59 percent increase. One largely Asian neighborhood, the Richmond district, has reported a 342 percent spike in burglaries this year compared with last. Admittedly, some numbers are down, such as those for larceny and robbery. But police attribute these declines to the pandemic, since there are fewer opportunities for would-be criminals to commit such crimes as people shelter in place. One neighborhood association sent a letter in February to Boudin and Mayor Breed, begging them to restore public safety. The association also posted it on the Internet. “Our neighborhood can’t wait another day,” they wrote. “Our homes are repeatedly broken into and robbed. Our merchants suffer unsustainable losses from theft and smashed windows. Employees are threatened with guns. Residents are robbed at gunpoint on our own streets. The sound of gunshots is no longer unusual.” ...

Now, what rough beast slouches its way towards San Francisco? With a district attorney who won’t prosecute crimes, how long will it be until an anxious Google engineer defends himself from being harassed by a madman? Will envious arsonists light the Salesforce Tower on fire as a jacked-up mob courses through the streets burning and looting the Painted Ladies?

A desperate sun struggles through the fog. There may be one ray of hope. The city has recently approved the effort to recall Chesa Boudin from office. Locals could begin downloading signature-gathering petitions on March 12. If 10 percent of registered voters sign the petition, all voters may get the chance to vote the bum out. But even if they do, it will remain tragic for Musyoka, Platt, Abe, and others like them that the day did not come soon enough.



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108   FuckTheMainstreamMedia   2021 Oct 8, 2:38pm  

It’s not just SF.

This state is fucked. A lot of my co workers are about to lose their jobs due to vaccine mandates and it’s bullshit. I could give a flying fuck whether or not someone gets the vaccine, but a bunch of idiots elected by a bunch of real idiots shouldn’t be dictating how all of us live.

I’ve got 8 years left to retire and I am gone from this crappy state. Born here, lived my whole life here, and a bunch of assholes who willingly give up their rights are forcing me to leave. Good riddance. I’d advise anyone under age 45 or so to get the hell out of California. It’s an absolute crap hole and getting worse.
109   mell   2021 Oct 8, 3:18pm  

FuckTheMainstreamMedia says
It’s not just SF.

This state is fucked. A lot of my co workers are about to lose their jobs due to vaccine mandates and it’s bullshit. I could give a flying fuck whether or not someone gets the vaccine, but a bunch of idiots elected by a bunch of real idiots shouldn’t be dictating how all of us live.

I’ve got 8 years left to retire and I am gone from this crappy state. Born here, lived my whole life here, and a bunch of assholes who willingly give up their rights are forcing me to leave. Good riddance. I’d advise anyone under age 45 or so to get the hell out of California. It’s an absolute crap hole and getting worse.


Planning on exiting in 5-7 years or so due to family matters. Could be sooner. But as I mentioned before, there are still plenty of beautiful places in CA if you disregard the state making you pay taxes through the nose. Wine country, Sonoma county along highway 1, Sea Ranch/Gualala, then Mendocino town and county, parts of Humboldt etc. etc. It will take a while to destroy these beauties, since the armchair leftoids with money flee to those utopias while voting for free reign for the illegals and hoodlums to concentrate in and destroy the bigger cities. Most DAs in small towns are radical law and order types compared to the leftist terrorist DAs running SF or LA. But the exit has to be done and it will be bittersweet.
110   richwicks   2021 Oct 8, 3:30pm  

FuckTheMainstreamMedia says
I could give a flying fuck whether or not someone gets the vaccine, but a bunch of idiots elected by a bunch of real idiots shouldn’t be dictating how all of us live.


You cannot validate the vote. This can be made trivial to do. But it's not.

It's because a lot of people "elected" in California, were not elected.

If you want change, you MUST REALIZE that the people placed in power are not elected. You must see the problem to fix it. I can tell you what the problem is, but you won't believe it. The problem is we aren't in a republic. You are told over and over again that this is a democracy, that it's a republic - it's not, we're in a dictatorship. A common propaganda technique is to repeat over and over again a lie until it is accepted as truth. This is one of the lies.

I know this is difficult to believe, but did Obama stop the wars? That's what Hope and Change was all about. Did he even try? He "ended" the Iraq war in 2011 and staffed it with mercenaries. That war is still ongoing.
111   mell   2021 Oct 8, 3:32pm  

richwicks says
FuckTheMainstreamMedia says
I could give a flying fuck whether or not someone gets the vaccine, but a bunch of idiots elected by a bunch of real idiots shouldn’t be dictating how all of us live.


You cannot validate the vote. This can be made trivial to do. But it's not.

It's because a lot of people "elected" in California, were not elected.

If you want change, you MUST REALIZE that the people placed in power are not elected. You must see the problem to fix it. I can tell you what the problem is, but you won't believe it. The problem is we aren't in a republic. You are told over and over again that this is a democracy, that it's a republic - it's not, we're in a dictatorship. A common propaganda technique is to repeat over and over again a lie until it is accepted as truth. This is one of the lies.

I know this is difficult to believe, but did Obama stop t...


I agree with you but I also see quite large pockets of people in CA simply parrotting the leftoid talking points and all they care about is that they're vaxxed and that you are as well - I can totally believe that these people all voted the newscum/xiden ticket all the way.
112   richwicks   2021 Oct 8, 4:21pm  

mell says
I agree with you but I also see quite large pockets of people in CA simply parrotting the leftoid talking points and all they care about is that they're vaxxed and that you are as well - I can totally believe that these people all voted the newscum/xiden ticket all the way.


You can believe that, but you cannot demonstrate that.

I'm originally from NY, upstate NY. The rest of the state would be dancing for joy and buying rounds of beer if NYC sunk into the sea.

It's the same in California, there's the PERCEPTION that SF and LA determine the rules, but I'm in the Bay Area - there's PLENTY OF US, who are disgusted with our government - yes, we in in a minority, but not a tiny minority. The perception in this area is how this area goes is the predominate thinking in the entire area, and that extends to the rest of the state. Likewise, the rest of the state thinks that what is in this minority area controls them.

I am telling you, our "elected representatives" aren't elected. It's absolutely TRIVIAL to verify the votes, but it's made impossible, because who is elected, isn't actually elected.

Count the number of people going into a polling place - that's made impossible. You aren't even allowed to do that. We made technology to expose corruption. 20 years ago "oh, it's too expensive, it's too complicated" - not any more. There will be just excuse after excuse until you are forced to see the situation. Camera costs $10 now and we'll make it cheaper still.

We've not had a fair vote in at least 2 decades.
113   B.A.C.A.H.   2021 Oct 8, 5:30pm  

FuckTheMainstreamMedia says
I’d advise anyone under age 45 or so to get the hell out of California. It’s an absolute crap hole and getting worse.

Two billion in China and India covet to live in the Bay Area.

Of those, there's more rich people than in the entire population of the US.

The well trodden path is to buy their kids the best educations money can buy in their countries, then buy their kids' grad studies in the US. Next a green card by marriage or by H1 (essentially, marriage to a company) and the tsunami continues.
114   EBGuy   2021 Oct 8, 8:23pm  

Well, this should get interesting, From the author of San Fransicko:

Interest in the book is high. On Monday I recorded interviews with @JordanBPeterson & @RubinReport
Yesterday I recorded a three hour-long interview with @joerogan
And @nytimes has told HarperCollins that it will publish a review of it. pic.twitter.com/iC3tv6YQEo— Michael Shellenberger (@ShellenbergerMD) October 8, 2021
115   EBGuy   2021 Oct 8, 8:34pm  

S.F. schools' financial tailspin prompts state to intervene in face of massive shortfall
With a $116 million shortfall increasing the likelihood that the San Francisco school district won’t be able to pay its bills, the California education superintendent is stepping in to address its financial tailspin in a move aimed at avoiding a full state takeover.
Perhaps the board should have been focused on financial matters instead of renaming 44 schools and painting over historic murals.
116   mell   2021 Oct 8, 9:12pm  

richwicks says
mell says
I agree with you but I also see quite large pockets of people in CA simply parrotting the leftoid talking points and all they care about is that they're vaxxed and that you are as well - I can totally believe that these people all voted the newscum/xiden ticket all the way.


You can believe that, but you cannot demonstrate that.

I'm originally from NY, upstate NY. The rest of the state would be dancing for joy and buying rounds of beer if NYC sunk into the sea.

It's the same in California, there's the PERCEPTION that SF and LA determine the rules, but I'm in the Bay Area - there's PLENTY OF US, who are disgusted with our government - yes, we in in a minority, but not a tiny minority. The perception in this area is how this area goes is the predominate thinking in the entire area, and that extends to the rest of the state. Likewise, the rest of the state thinks that what ...


Could very well be.
117   Patrick   2021 Oct 13, 9:34pm  

https://www.sfgate.com/bayarea/article/poll-silicon-valley-leaving-grass-is-greener-movin-16527214.php


A new poll paints a stark picture of life in the Bay Area and its residents' discontents.

Joint Venture Silicon Valley, in partnership with the Bay Area News Group, polled 1,610 registered voters across five Bay Area counties: Alameda, Contra Costa, San Francisco, San Mateo and Santa Clara.

A shocking 71% of respondents said the quality of life in the greater Bay Area is worse now compared to five years ago. Fifty-six percent of respondents said they are considering leaving in the next five years — including 53% of respondents who work in the tech sector.
118   Ceffer   2021 Oct 13, 10:21pm  

LOL! I think quite a few of us doom and gloomers were saying such. LA was going to be the vast, smoking crater out of which the bestial cannibal hybrids would crawl.
121   Patrick   2021 Oct 25, 7:26pm  

https://www.dailymail.co.uk/news/article-10128485/San-Francisco-families-hiring-PRIVATE-SECURITY-patrol-streets-amid-crime-spike.html

San Francisco residents are hiring private security to patrol their streets in bid to stay safe, amid crime spike that has left many fearful of going outside during the DAY
122   EBGuy   2021 Oct 25, 7:53pm  

Why a progressive prosecutor just left D.A. Chesa Boudin's office and joined the recall effort
“The D.A.’s office now is a sinking ship,” she said. “It’s like the Titanic, and it’s taking public safety along with it.”
123   HeadSet   2021 Oct 26, 7:01am  

EBGuy says
Why a progressive prosecutor just left D.A. Chesa Boudin's office and joined the recall effort
“The D.A.’s office now is a sinking ship,” she said. “It’s like the Titanic, and it’s taking public safety along with it.”


Less than two years into his tenure, he’s {Boudin} been blamed unfairly for everything from Walgreens closures to long-rampant car break-ins.

This is why the press loses credibility. If you have a policy of not prosecuting shoplifters, it is your fault when stores leave because of rampant shoplifting.
125   Patrick   2021 Nov 5, 1:01pm  

https://reclaimthenet.org/san-francisco-vaccine-passport-kids-5-11/


November 5, 2021
San Francisco says even kids as young as 5 will have to show vaccine passports
Kids aged 5-11.


Some of those children will die from the vaxx.

Not even one of them would have died from Fauci Flu.

This order is criminal.
126   FortwayeAsFuckJoeBiden   2021 Nov 5, 8:42pm  

Booger says


Trust me if they refuse service, I’m pooping right in front.
127   EBGuy   2021 Nov 5, 8:51pm  

Patrick says
This order is criminal.

There have been no orders. Remain calm.
https://www.sfgate.com/bay-area-politics/article/San-Francisco-vaccine-mandate-children-5-11-COVID-16589184.php
The bulk of state, local and corporate mandates did not come down until after the FDA granted full approval of the Pfizer vaccine for individuals ages 16 and older at the end of August.
For children specifically, Gov. Gavin Newsom's statewide school vaccine mandate for children will not take effect until after the FDA grants full approval for each age group, and the Los Angeles Unified School District announced this week it will not yet include children ages 5 to 11 in its school vaccine mandate. Los Angeles does, however, include children ages 12 to 15 in the mandate, even though the Pfizer vaccine is still not fully approved for that age group. San Francisco has no vaccine mandate for children in school.
128   mell   2021 Nov 5, 9:12pm  

EBGuy says
Patrick says
This order is criminal.

There have been no orders. Remain calm.
https://www.sfgate.com/bay-area-politics/article/San-Francisco-vaccine-mandate-children-5-11-COVID-16589184.php
The bulk of state, local and corporate mandates did not come down until after the FDA granted full approval of the Pfizer vaccine for individuals ages 16 and older at the end of August.
For children specifically, Gov. Gavin Newsom's statewide school vaccine mandate for children will not take effect until after the FDA grants full approval for each age group, and the Los Angeles Unified School District announced this week it will not yet include children ages 5 to 11 in its school vaccine mandate. Los Angeles does, however, include children...

They will barr 5-11 year olds from indoor events in SF though within the next few months, that's definitely planned. They cannot mandate the experimental emergency jab for 5-11 yr olds for school, but they can mandate it for non essential indoor events, restaurants, gyms, sports games. These people are criminals and tyrants and should be prosecuted for crimes against humanity.
129   EBGuy   2021 Nov 5, 9:49pm  

mell says
They will barr 5-11 year olds from indoor events in SF though within the next few months, that's definitely planned.

Yes, that is likely, given they mandate vax for 12-15 year olds despite the vaccine not having full FDA approval.
From the August 12 Health Order:
1. Covered Businesses and Events
a. Operators/hosts of establishments or events where food or drink is served indoors—including, but not limited to, dining establishments, bars, clubs, theaters, and entertainment venues.
..
2. Vaccination Requirement for Patrons.
a. Requirement. As soon as possible, but no later than August 20, 2021, Covered Businesses must require all patrons age 12 and older to show proof that they are Fully Vaccinated before entering any indoor portion of a facility, subject only to the exceptions below and any applicable requirements of federal, state, or local laws requiring accommodation.
130   zzyzzx   2021 Nov 8, 5:25am  

https://www.dailymail.co.uk/news/article-10175277/Outraged-residents-San-Francisco-luxury-condos-hit-huge-tent-city-arises-building.html
Terrified millionaire residents of luxury San Fran condo building hit out after adjoining alleyway becomes city's BIGGEST homeless encampment
132   RWSGFY   2021 Nov 8, 9:19am  

zzyzzx says
https://www.dailymail.co.uk/news/article-10175277/Outraged-residents-San-Francisco-luxury-condos-hit-huge-tent-city-arises-building.html
Terrified millionaire residents of luxury San Fran condo building hit out after adjoining alleyway becomes city's BIGGEST homeless encampment


It takes mucho stupidity to plunk a cool mil $$ on a Tenderloin appartment.
133   richwicks   2021 Nov 8, 9:34am  

FuckCCP89 says
zzyzzx says
https://www.dailymail.co.uk/news/article-10175277/Outraged-residents-San-Francisco-luxury-condos-hit-huge-tent-city-arises-building.html
Terrified millionaire residents of luxury San Fran condo building hit out after adjoining alleyway becomes city's BIGGEST homeless encampment


It takes mucho stupidity to plunk a cool mil $$ on a Tenderloin appartment.


Not when the Federal Reserve has a put under the entire housing market. Of course it seems logically crazy to do this, but where's logic in this market?

Facebook, Youtube, and Twitter are hemorrhaging users - yet their stock continues to climb. We've been in lockdown for over a year, but the stockmarket continues to climb. I think we're looking at a bubble that makes 1929 look trivial.
134   Eric Holder   2021 Nov 8, 10:52am  

richwicks says

It takes mucho stupidity to plunk a cool mil $$ on a Tenderloin appartment.


Not when the Federal Reserve has a put under the entire housing market. Of course it seems logically crazy to do this, but where's logic in this market?


The appt might still appreciate but it's impossible to live in it while it does so. It's fucking Tenderloin, man.
135   richwicks   2021 Nov 8, 11:17am  

Eric Holder says
The appt might still appreciate but it's impossible to live in it while it does so. It's fucking Tenderloin, man.


Do you think these people are buying these condos because it's their preferred location to live? They are buying them as an investment.

Some people virtue signal, because they (perhaps naively) believe it will protect them from violence of the people they claim to champion. If they're accosted by a hulking homeless man, you can bet they will start talking about all the things they support "to help the homeless". They won't give him $20 though, they know if they do that, it's an extortion racket from that point forward.

I understand the mind of the liberal and of the conservative. They are both acting rationally in their world view. Liberals really don't care about "LGBTQ rights" but they do care about not being called a bigot. A conservative simply thinks it's ridiculous of you call them a bigot. Liberals are always seeking approval and conservatives expect that they should be approved of.
136   Eric Holder   2021 Nov 8, 11:25am  

richwicks says
Eric Holder says
The appt might still appreciate but it's impossible to live in it while it does so. It's fucking Tenderloin, man.


Do you think these people are buying these condos because it's their preferred location to live? They are buying them as an investment.


They still live there, LOL. If we are to believe the article.
137   richwicks   2021 Nov 8, 11:52am  

Eric Holder says
richwicks says
Eric Holder says
The appt might still appreciate but it's impossible to live in it while it does so. It's fucking Tenderloin, man.


Do you think these people are buying these condos because it's their preferred location to live? They are buying them as an investment.


They still live there, LOL. If we are to believe the article.


They just committed to a million dollar investment. Do you think they have plenty of cash left over to rent an apartment to rent for $2,000 a month and can just rent out the place they bought?

The insanity of the housing market here specifically is what made this website popular. Now there is no longer any need to even be here. I go into work fairly often, and I'm one out of maybe 10 people on the floor that normally has 100's of people. When the bottom falls out here eventually, there's going to be a mass exodus from this area, because crime is going to explode.

People are like "what if they turn off the Internet? What if they turn off the power?" - no, they'll just crash the stock market. They can profit off from that. If Trump wasn't waiting in the wings, I think they would. It doesn't matter to them if the democrats or republicans get the blame. They could still crash the market and then say "well, it's Biden's fault, but if we didn't have that awful Trump asshole, we wouldn't have had Biden who crashed the market!!"

All the warnings and statements Trump made will become prescient though and I expect if they crash the market, they can also take down all record of what Trump said - except there's ton's of people who have learned to store data locally and not depend on Youtube or whatever to store it.

I don't know what they will do.
138   Eric Holder   2021 Nov 8, 11:53am  

richwicks says
Eric Holder says
richwicks says
Eric Holder says
The appt might still appreciate but it's impossible to live in it while it does so. It's fucking Tenderloin, man.


Do you think these people are buying these condos because it's their preferred location to live? They are buying them as an investment.


They still live there, LOL. If we are to believe the article.


They just committed to a million dollar investment.


Yes, and they are mighty stupid for that. As was noted above.
139   Misc   2021 Nov 8, 7:01pm  

A good chunk of the world is dealing with NEGATIVE interest rates.

Never in the history of the world have people tried that one out.

If you think the bubble is big here in the States, you ain't looked at the rest of the world.
140   richwicks   2021 Nov 8, 7:23pm  

Eric Holder says
They just committed to a million dollar investment.


Yes, and they are mighty stupid for that. As was noted above.


Well, not if the price doubles in the next few years.

Nothing makes sense.

I always think though "how do you fuck the MOST people over?" and I think deflation would do that. That would devastate most people. Say your home goes to 1/2 the price you bought it for, the stock market drops 90% but the prices of everything else stays the same, or even contracts?

How many people would be absolutely fucked?

Every is leveraged just about - EVERYBODY.
141   HeadSet   2021 Nov 8, 7:59pm  

richwicks says
Every is leveraged just about - EVERYBODY.

Not me. Deflation would give me great opportunities. But since we will likely have massive inflation that will make my savings worthless, I'm boned.
142   richwicks   2021 Nov 8, 9:22pm  

HeadSet says
richwicks says
Every is leveraged just about - EVERYBODY.

Not me. Deflation would give me great opportunities. But since we will likely have massive inflation that will make my savings worthless, I'm boned.


Hello fellow outlier.

When there's a massive shift in a society, I think the worst happens to the most and I'm still fairly confident we're headed for a massive shift.
143   Misc   2021 Nov 8, 11:03pm  

The large corporations and governments are massively leveraged.

Individuals and small businesses here in the States are sitting on $17 trillion in cash with very few of them thinking of expanding their businesses.

The small investors also hold record amounts of gold and silver in their physical possession. Banks are massively short precious metals.

Seems everyone is playing the waiting game with equities and real estate continuing to skyrocket in value (toss in crypto as well).

... but yes, the bottom 50% of households are massively in debt, with no way out.

Strange dynamics.
144   Al_Sharpton_for_President   2021 Nov 9, 3:41am  

Misc says
... but yes, the bottom 50% of households are massively in debt, with no way out.
One problem I have with economic analyses of wealth percentiles is the lack of analysis of transition from one tier to another. Frequently these are just static snapshots.
145   Patrick   2021 Nov 12, 2:21pm  

https://nitter.pussthecat.org/Not_the_Bee/status/1458486496709726212


WFSB Channel 3
@WFSBnews
Nov 10
CAUGHT ON CAMERA: Multiple people seen walking out of an #Oxford grocery store yesterday morning with shopping carts full of items they didn’t pay for…


That's CT, another blue state. Funny this doesn't seem to be happening in Texas.
146   EBGuy   2021 Nov 12, 3:47pm  

It's interesting to see childless politicians freak out after the Virginia election. State Senator Scott Weiner threw the Ess Ess School Board under the bus and Mayor London Breed just announced her support of the recall.
“Sadly, our school board’s priorities have often been severely misplaced,” Breed said in a statement. “During such a difficult time, the decisions we make for our children will have long term impacts. Which is why it is so important to have leadership that will tackle these challenges head on. ... Our kids must come first.”
147   Patrick   2021 Nov 12, 8:47pm  


As Covid descended on California in March and April last year economies began to shut down and the debate raged over what businesses were deemed “essential.” There was a rather public dialogue between Elon Musk, the founder of Tesla, and Alameda County authorities regarding the forced shutdown of the Tesla plant in Fremont.

This dialogue was punctuated by a pithy tweet from Assemblywoman Lorena Gonzalez who describes herself as a Progressive (Socialist) Latina Democrat, “F*ck Elon Musk!”

At that time, we had no idea how much that tweet… and that attitude… would cost us. Elon Musk rather calmly threatened to leave the state. The Governor was arrogantly dismissive, saying “Elon Musk isn’t leaving California anytime soon!”

Six months later, Elon Musk has left California.He has sold (or is in process of selling) all his personal real estate in the state. He is now a resident of the state of Texas. He has moved his philanthropic foundation to Texas. One of his companies, Space X, is based in Texas and Tesla is building a new plant outside of Austin, TX.Consider the unfathomable irony of in-your-face progressive/Socialist democrats forcing Elon Musk to give up on California?

Musk came to this state as an immigrant and proceeded to do more to reduce greenhouse gas emissions through Solar City and Tesla than all the “progressive,” "ultra-leftist," politicians in the state combined. Anyone can make a proclamation or talk about climate change. Musk didn’t talk about it. He simply brought products to market that benefited the consumer, the environment, and his shareholders.

He should have been the “poster boy” for the green agenda, but instead they turned on him and tore him apart because he refused to buckle to absolutely arbitrary regulations based on flimsy, most often ridiculous, medical data.

(By the way, automobile manufacturing is now deemed “essential” in CA.)

There is no way to know for sure what Mr. Musk will pay in California state tax this year, but it would surprise no one if he paid the most of any individual resident. Next year, he will be a much happier resident of another state and pay a small fraction of the taxes squeezed out of him and his employees while in our state. The damage goes much deeper than the tax revenue of one person.

Musk didn’t just leave the state. He “turned” on the state, as well he should have. It is now his mission to get other innovators to leave as well, as well he should.

According to the Governor of Texas, he is on the phone with Musk at least once a week, strategizing about how to get other CA companies to relocate to Texas. In the last few weeks, Hewlett Packard Enterprise and Oracle have both announced they are moving their HQs to Texas, with 13 other potential moves in the pipeline.

This will suck a lot of the financial and social life out of CA. That is not to say this was all caused by one arrogant and explosive, sneering, leftist, tweet.

Plenty of other factors are in play:Companies are realizing they don’t need a highly centralized HQ, their employees can be productive from wherever they choose to live.
·The outrageous high cost of living in the bay area
·Governments inability to deal with highly visible issues like homelessness; 2,000,000 in CA and growing by the hour.
·Executives, their elderly parents and their small children, have grown tired to stepping over syringes and feces in the streets of San Francisco.

But the fact remains, CA state income tax is the highest, CA’s ranking for “business friendliness” is lowest, and we have elected hardcore USA-hating leftist representatives who happily -- often to the cheers of their leftist supporter -- lob crass, schoolyard, vulgar f-bombs at the people who are paying the freight. Half, 53.6%, of the tax in this state is paid by less than the top 1% (the top 0.91%), and many in that category are realizing they can easily make their living from anywhere.

Try to add up the lost tax revenues of having the second wealthiest man in the world and the executive teams of great companies, international giants like HP and Oracle, depart the state. We’re talking tens of billions of dollars in lost revenue every six months. Not to mention the philanthropy, which is gone too.

Today, not a single Republican holds statewide office in California.

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