Day: April 9, 2021

GOVEROTRAGEOUS: Inflation: a hidden tax on income

Published on by reinkefjLeave a comment

https://buff.ly/2Pnn5AE

How The Nation’s Central Bank Is Covertly ‘Nudging’ Americans To Accept Digital Money & The Great Reset – LewRockwell

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Inflation is how government robs money from taxpayers.  For example, wage earners put good money into Social Security and 50 years later take out inflated money that has reduced purchasing power.  A $321 average Social Security check in 1980, adjusted for inflation, should be $7529.  Instead the average Social Security check is ~$1543 today.

Zang notes: “Wealth never really disappears; it just shifts location.”

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I keep ranting about I have to live to 132 to steal back all the FICA that was stolen from me.

I’ve reported and cited that the Rate Of Return for “Social Security” is a NEGATIVE 8%.

Imagine how wealthy a society we would have if we were allow to keep our own earnings and plan for our own retirement?

Argh!

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GOVEROTRAGEOUS: Expect any Gooferment program to be done well?

Published on by reinkefjLeave a comment

https://dossier.substack.com/p/new-yorks-vaccine-passport-program

New York’s vaccine passport program is already failing
The Cuomo-IBM idiocracy can’t produce a good product.
Jordan Schachtel
Apr 5

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Liberty advocates, rejoice! The idiocracy is going to save us from another form of COVID tyranny. Thanks to a combination of bungling authoritarians and decaying legacy corporations, these entities are simply too incompetent to pull off a functioning vaccine passport program. 

New York’s rollout of its vaccine passport already has the markings of a five alarm dumpster fire. The New York State “Excelsior Pass” vaccine passport system, which was created by IBM, has so many issues that I wouldn’t be surprised if the program was scrapped altogether before the end of the calendar year. It has massive security flaws, a shrinking customer base by design, it remains incredibly impractical, and it’s incredibly easy to manipulate. Excelsior Pass sucks, thanks to the idiocracy that was responsible for its design and implementation.

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I’d expect a fiasco from the Pepuls Republik of Nu Jerk but IBM?

Guess they should have gone with Tata.

At least it would have been a cheaper disaster!

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