● Shot: California reparations panel approves payments of up to $1.2 million to every Black resident.
—Fox News, yesterday.
● Chaser: California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense.
—ZeroHedge, yesterday.
so a free state that never had slavery
– will require folks who never had slaves
– to pay folks who were never slaves
this is a forced tax reducing economic growth
– stealing assets from the productive class
– and giving to favored friends
– with expectations of kickbacks and political money laundering
this is even worse than the minimum wage
– at least that encouraged capital upgrades
– to automate processes
– and to reduce labor costs
what could go wrong?
h/t Ed Driscoll
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