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Sacramento, CA — Governor Gavin Newsom declared his support of a controversial new tax aimed at California’s growing anti-vaccination movement. The legislation, proposed by Democrat State Assemblyman Richard Pan and two others, seeks to levy a tax on parents who refuse to vaccinate their children.
“You need to let go of your fear and anxiety of being judged by others,” said Governor Newsom on the step of the Sacramento Capitol building, “If you’re trying to understand why it is that certain things happen in Sacramento and certain things don’t, at the end of the day, it comes down to the issue of incentives: We do what we’re incentivized to do. And we want everyone in California vaccinated, so this bill is the incentive.”
“The Healthy Families Vaccination Act” left the Assembly Heath and Human Services Committee late last week, and passed the State Senate with only a handful of Republicans objecting. Governor Newsom says he will sign it immediately.
The Details
The bill calls for a tiered income tax for families who choose not to vaccinate their children. A family of four making under $25,000 or less, will pay no income taxes. Families making up to $60,000 will pay an additional 4.5% tax on their adjusted rates and those making over $120,000 per year are expected to cough up an additional 8%.
All anti-vaxx families will be required to attend an 8 hour online training session about the dangers of not vaccinating their children. Undocumented workers and their families will be exempt from the tax.
However, outspoken anti-vaccination advocate Robert Kennedy Jr. voiced opposition to the bill in a video targeted at Assemblyman Pan.
“Richard Pan is a Democrat but he takes money from Monsanto and the other big polluters in California,” Kennedy said in the ad. “This bill is nothing more than a Big Pharma play to poison our children and give them autism, so they can turn around and treat these conditions with more Big Pharma drugs.”
The bill is expected to raise as much as $8 billion dollars in revenue per year, which will be used to provide low-cost vaccinations to California’s children.
https://www.gishgallop.com/gavin-newsom-proposes-tax-for-anti-vaxxers/?fbclid=IwAR0EMaMfpndpjq1OIjTJbvlnw6bTzzSVr0-JKNXexoUhN8P_4vvFwOdhoZw

I think long timers here are smart enough to know what to do with their stocks without coin guys Tokyo Rose imitation, especially when he can’t produce the charts or interpret them. I guess he doesn’t like gold bugs. I wonder if he does that on fully’s site? I kinda think he’s funny because he’s a know it all trying to make himself look like he’s the only one here that knows anything. That is if he knows anything.

I’m impressed with your humbleness concerning coin guy when you are such a smart person and hard worker. Your ability to wear so many different hats shows you could survive if you had to any circumstance. My brother who died was like that. He knew when to hold them when to fold them. Your wife must get exhausted just looking at you.
I’m not taking sides with what direction gold is going right now other than guarded. I am interest with coin guys example or chart showing the fifth wave fail 3-5? That takes into account no market or Gov intervention.

The beautiful Kansas City Southern
executive train.
https://railpictures.net/photo/707901/

For What?  To berate the group?  To tell us we’re all blind for not listening to HIM?  Yeah…. speaking of large egos… got a mirror??

As I recall, he was antagonistic ‘back then’, and some things have not changed.

Always appreciate your insights on all markets. I have no experience with grains or other commodities like that. I still remember R6’s call on sugar I think back in 2001 or so. Can’t even remember how low it was, but ridiculous profits were made, probably like your potential call on Corn or Soybeans.

Appreciate your input, a lot of crosscurrents these days.

I know this much, it appears we will have an early winter here in Idaho. If the spreads to the Midwest your call will probably be spot on.

It’s so easy to come around after a huge up move and say things are going down. Duh, no kidding.

Corn and beans were planted extremely late and an early freeze would wreak havoc on the crop.

Corn has sold off to significant lows. December corn call option are just above a nickel. The December option expires in about 77 days. $250. Buys a just out of the money call option. A hard early freeze would send the corn market straight up. Probably for a buck or so. $250. for a possible $5000. gain. I like those odds. The soybean market would probably act similar.

rno

I do believe most of us on this site still continue to enjoy life. Most on here are investing in multi generational as well as current resources/assets.

History always repeats itself but never repeats itself exactly. Are the homeless camps in some areas reflective of the 1930’s? Maybe, but then people were begging for jobs. Now they want handouts. Is Smoot Hawley going to repeat itself?

The Chinese invented paper money hundreds of years ago. Every single form of paper wealth has disentegrated over time.

My latest venture is processing hemp. I should be up and running in a month of so. I am also exposed to farming/ranching, natural gas, precious metals, small scale aluminum smelter, and a few other things in self suffiency. If you have a proven track record of calling every turn, I would gladly liquidate and follow your lead. If you can match my track record on this site, please show me so we can collaborate. No generalities, solid calls only before the fact.

No generation in this country has escaped a significant financial downturn. What do you have to barter when that time comes? Are you out of debt so you can retain your resources?

Looking forward to your response.

rno

And here I thought you left a couple of days ago.

“I’ve never met up with such arrogance in men”

Actually, neither have I. Thank you for sharing.

Toodles

is September 17-18th

So we’ll either be in misery until then or we’ll attempt to rally into the meeting and then get hit after.

Pick your poison. I think today sucks, but we’re still in the early stages of a new bull.

WTFDIK I’m blind

.that was pretty blatant but we’ve been seeing blatant manipulation for a long time now.

Just wondering where we go from here. Can look at potential support but those never matter if they start to create waterfall selling.

Really thought we had shot today. Have to check when the next Fed meeting is

the scum have not shown any sign of covering and just sold more and more……they have to break this run and it looks like yesterday and today they got serious.

Welcome to free mkts…where only the scum rule.

drammamine, anyone?

Hi Rich, I always wonder who it is that says these things, and or how do they know this. A poll? A survey? I myself find it very hard to believe. Re the fake news media and jobs report?

Everything the news says, imo, somebody’s commercial, exaggerated, false and misleading, special interest bullshit. That’s why I like to expose it, and bring it to people’s attention.

The ONLY time the media is accurate, or true is after most of the public already knows something, then they have to report it or they look stupid or asleep.

because Powell is speaking?

Rates aren’t spiking.

Scum at their best

60% of. americans don’t have $400. cash for an emergency…like a plumbing repair

No inflation either except the giant asset bubble and the 900 story JPM-Deutche Bank. derivative bubble. tower…

The. NY. FED.  desks’ algos are all over the PM stocks/etfs…but I don’t see the one month 20% correction a few of the pundits I respect are calling for…in fact, through the mists of. future time, Swami. Richard640. sees a big. gain for. gold sunday nite/monday morn for gold…

Swami also has a medium strength R640 buy signal on JNUG. today–Oops! Scratch that….gold. wsas up $4. a. few mintes ago. and JNUG was down 3.7%–also silver was up 3 cents and is now down 31 cents….for the past few months. the FED NY desk. wasn’t. able to execute these sell programs out of nowhere…

So that  Sunday nite gain may. be off. the table. unless G&S csn come back from this sell program…maybe Zero Hedge will  tell us how much “notional”. was used…silver is already down 19, 12 cent off the low…and gold bounced 6 bucks–uip 2.20 now

https://finance.yahoo.com/quote/%5EHUI?ltr=1

Been a seller parked at $143.50 all day long. Whatever that translates too, $1530 futures?

Got to go to the dentist. You guys get these pm’s and shares moving.

but definitely feels like scum fingerprints are all over us today.

yes, I’m afraid you’re right, the ETF’s have killed our shares and probably helped them keep the DOW and S & P inflated.

Still, even when compared to the move in 2016, pm shares are seriously underperforming the metals by a wide margin.

The action in the shares is the one thing that has made me nervous in this nice bull run.

They should break it down to reality. In the 1950s we had 50% unemployment, one spouse working per household. And life was great.

They also need to identify which and how many jobs are supported by tax dollars, and which and how many jobs are actual tax PAYER jobs that do all the net paying.

Tax absorber jobs should be called luxury or “Discretionary Tax Income”, OVERHEAD jobs. When a tax absorber pays taxes, its really a “kick back” of some tax money received. Or tax neutral. A push.

Those jobs should be tax exempt. Just pay them the estimated take home pay. They should not be credited as tax payers. All they are contributing is their time.

Every dollar put into any and all ETF’s (Eric Sprott excepted) is/can be used by TPTB to control the markets in any way they want. You might buy GDXJ, for example, but TPTB owns GDXJ so they can use your investment to short it or anything else they want. ETF’s have given them control since about 2005 and they’ve been playing traders like a fiddle ever since.

Funny how nobody seems to be able to see this. Traders just keep doing the same thing over and over and expect different results. TPTB must really be tired of laughing and laughing as they so easily control all the markets with this one simple tool. Talk about the fox guarding the henhouse while he systematically eats all the chickens. Geeze!!

Yield on the 10 yr. turned back up a little.

Gold and silver are trading tick for tick with the 10 yr. – no question about it.

I guess flat is better than getting crushed on a jobs report day.

What’s weird to me is that the SM is going up with rates.

Not sure what it’s going to take to get these shares moving.

Doesn’t appear we’re going to get a big up day like I was hoping for off the overnight lows.

Not sure what it will take, maybe the SM rolling over?

Everything else is working in our favor.