Tag: JOBS

TOP 5 HIGHEST TAX STATES ARE BLUE STATES

Top 5 Highest Tax States Are Blue States

…And residents are fleeing these states en mases

Infowars.com – MARCH 5, 2019

The top five states with highest taxes in the nation are all Democratic “tax and spend” states.

And, not surprising, four out of the five have the most amount of people moving out of the state, according to a United Van Lines survey.

Data analyzed by the financial group 24/7 Wall St. reveals that the top five states with the highest tax burdens are:

5) Illinois
4) California
3) New Jersey
2) Connecticut
1) New York

And the top five states people are fleeing are:

5) Kansas
4) New York
3) Connecticut
2) Illinois
1) New Jersey

While not in the top 10, California still had nearly 55% of residents moving out compared to 45.6% of people moving in, according to the survey, which is slightly edged out by #10 Michigan.

Kansas, on the other hand, has above average taxes and, according to the survey, residents are leaving the state to take jobs elsewhere.

“These numbers reinforce what has become a well-entrenched trend of US residents moving from high-tax states to low tax states,” reported Mises.org. “In fact, among the top-ten states that the largest number of Americans have fled, seven of the ten are states which rank among the top 15 states for the worst tax burdens, according to the Tax Foundation’s most recent report on state and local taxation.”

Case in point, last month New Jersey moved to enact a “rain tax” on property owners by charging property owners a fee for their parking lots and driveways, or any other surface rainwater can’t penetrate.

The state is already prohibitively expensive for the middle class, and because more people have fled New Jersey than any other state in 2018, the rain tax will likely force even more people to leave.

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MSNBC PANEL CELEBRATES AMAZON FLEEING NYC: ‘5 YEARS AGO’ THEY WOULD HAVE BEEN WELCOME

‘Now people are like “Wait a second, we’ve seen what’s happened in other places”‘

By Grabien Staff

EXCERPT:

ALI: “The activists. Bring them to the conversation. Also, people are learning from, well, Amazon is coming. Tech has come to my hometown. Oh, look, income inequality. Can’t afford housing. So what’s going to happen to our neck of the woods here in queens? We need the jobs. But what type of jobs, right, and is this going to phase out different communities. These are the conversations people are having. The sheen of an Amazon or Facebook, 5, 10 years ago, people were like, yes, come, savvy us. Now people are like “Wait a second, we’ve seen what’s happened in other places”. Talk to us. Because our interests are at stake. You can’t just go beyond the mayor and the government.”

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BIG LEAGUE NATIONAL SECURITYMexican Suspect in Double Homicide Entered U.S. on H-2B Visa

By

Capture

A Mexican national suspected in a double-homicide in Mexico was admitted to the United States via a H-2B worker visa, according to a Friday Breitbart report.

“On September 27, Jose Froylan Garcia Melendez was admitted to the U.S. on an H-2B visa,” the report said. “The following day, after Melendez was rewarded the visa, Mexican officials notified the Immigration and Customs Enforcement (ICE) agency to make them aware that the national was wanted in Mexico for double homicide.”

More than 60,000 H-2B visas are doled out to low-skilled workers annually, snatching those jobs from American citizens and allowing major corporations to cut down on the cost of their labor. The program exists because establishment Republicans and some Democrats often bend a knee to big business donors who grease the candidates’ palms on the campaign trail with the intention of being repaid once our esteemed elected officials are sworn into office.

These visas are for jobs outside of the agriculture industry, meaning that these immigrants are not coming to America to “do jobs that Americans won’t do,” as is often the pitch, like picking vegetables on farms.

Trending: CONFIRMED: The Government CAN Build The Wall With Brian Kolfage’s GoFundMe Money

“Two days after his admission to the U.S., Melendez was arrested by ICE agents while at work in Weems, Virginia for immigration violations,” the report said. “The next day, Mexican officials issued Melendez’s arrest warrants, formally charging him with the double homicide.”

Fortunately, this time around the visa program did not result in physical harm to any American. But it begs the question: if we absolutely must replace American workers with cheap foreign labor, is it unreasonable to request of our elected officials that they do not import suspected murderers?

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The Fed Is Expected To Raise Interest Rates In Spite Of Stock Market Stumbling

Mac Slavo
December 19th, 2018

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By Mac Slavo
December 19th, 2018

The United States’ central bank, the Federal Reserve, is expected to raise interest rates again, in spite of a stock market that’s been stumbling and on track for the worst December since the Great Depression.

According to NPR, the Fed last raised rates in September. Since then, the U.S. economy has given off mixed signals. The job market remains strong, with unemployment at the lowest level in nearly 50 years and economic growth clocked in at a solid 3.5 percent in the third quarter. But the stock market is stumbling and home sales and car sales have slumped because of the higher interest rates. Not to mention the ongoing trade tensions between the United States and China which have led to growing fears about the outlook for the global economy.

President Donald Trump has even taken to Twitter to announce the Fed’s plan to hike interest rates again.

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The decision to raise the interest rate will affect the rates on all kinds of borrowing, from home mortgages to credit cards. The 30-year mortgage rate in the past year climbed from 3.95 percent to a peak of nearly 5 percent in November, which is a seven-year high. It has since dropped to 4.63 percent, still higher than most borrowers would want.

Trump also called the Fed the “greatest threat” in October in an interview with Fox Business, and has singled out Fed chairman Jerome Powell for harsh criticisms., of which the central bank is in desperate need of. The Fed is answerable to no one and usually insulated from political pressure. Presidents in recent times, including Trump’s predecessors, Barack Obama, and George W. Bush, have refrained from overtly criticizing the central bank, probably because they collude with the government for economic destruction.

Meanwhile, Powell has said that the economic outlook remains solid and that interest rates are nearly within a “neutral” range which seems to be indicating that the Fed may not be immediately worried about any inflation. “Interest rates are still low by historical standards,” he said in November.

Stock prices have fallen sharply since early November and it is somewhat rare for the Fed to raise rates in the face of a sustained market selloff. So there’s an outside chance the Fed could change course and pull a stunner by keeping rates steady at the Wednesday meeting.

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Trump, Mnuchin Call For GM To Pay Back Federal Bailout

By Tyler Durden

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Update: Apparently, Mnuchin is regretting giving his twitter username and password to his aides at Treasury and/or his wife.

After retweeting a tweet from a Trump fan account Wednesday morning, Mnuchin has deleted the retweet and would like the world to know that this wasn’t an “authorized” tweeting.

The tweet was retweeted from Mnuchin’s account this morning, but the original was sent last night, which probably accounts for the incorrect timing given in the Treasury Secretary’s follow up.

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President Trump made his frustration with GM abundantly clear on Tuesday when he threatened to cut all EV subsidies to the Detroit carmaker. But on Wednesday both the president, this time joined by Treasury Secretary Steven Mnuchin, took the administration’s attacks on GM to their next logical endpoint: Demanding that the federal bailout recipient return the $11.2 billion loss eaten by taxpayers from the federal bailout that the company received during the depths of the financial crisis.

GM

“If GM doesn’t want to keep their jobs in the United States, they should pay back the $11.2 billion bailout that was funded by the American taxpayer,” read a tweet from a Trump fan account that the president and Mnuchin retweeted. Trump also retweeted two tweets about illegal immigration.

GM shares slid after Trump’s tweets Tuesday afternoon, but GM stock futures showed little immediate reaction to Trump’s threat. GM received billions in bailout money to shore up its troubled financial arm GMAC in 2008. After spinning off the subsidiary (which now trades as Ally Financial), GM saddled the Treasury with a more than $11 billion loss.

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After meeting with GM CEO Mary Barra, Larry Kudlow told reporters on Tuesday that he had conveyed the president’s anger to Barra, and explained that Trump feels betrayed by GM, and that he believes the carmaker “turned their back on him” by announcing the layoffs and plant closures, particularly after the Trump tax cuts handed billions of dollars back to corporations and allowed them to repatriate overseas cash.

Politicians on both sides of the US-Canada border were outraged by GM’s Monday announcement that it would close 5 North American plants (and two foreign plants) and fire nearly 15,000 workers in the US alone. Trump blasted the company for opting for layoffs and closures in the US while plants in Mexico and China remained open.

While we await a response from GM management, shareholders are a little nervous:

 

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