• WITH THE WEIGHT OF AMERICANS CONTINUING TO INCREASE, heavier airline passengers are reaching the boundary of safety limit for flights on “unusually hot days, in cities higher above sea level, and in stiff headwinds.” The FAA has now mandated approval of airline models which estimate average passenger & baggage weight, including phones & clothing – which may end up bumping passengers or baggage at the gate.  [LBN EXAMINER – 6/12/20]
  • “SINCE ‘ACCOUNTABILITY’ IS THE BANE OF ‘EXPERTS,’ our ruling class has dispensed with accountability, opting for government staffed by technocratic, disinterested ‘experts’ who selflessly apply their principles of social science to create a better, more efficient, effective and impactful society… Over 2½ centuries, America has gone from leaders being selected on the basis of ‘divine right of kings’ to instead the divine right of nerds with advanced degrees from Yale… And how dare you suspect their expert opinions come from anything but the purest of sciences, unaffected by the concerns of mere mortals, such as money, fame & social acclamation… Because alleged expertise is power, this has spawned the rise of Credentialism, with cheesy frauds who a few years ago were mere hustlers but now professional ‘anti-racism’ experts, cashing in big on their expertise/scam by shaming liberal saps at universities & corporations paying five-figures a harangue …along with internet ‘influencers’ whose expertise in literally everything is demonstrated by their number of followers – especially the legal experts on Twitter sharing the full (and fool) benefit of inexperience on legal questions, inevitably getting it massively, incoherently, inexcusably wrong… Why are all the experts such doofuses?”  [TOWNHALL – 6/7/21]
  • WHILE PERSONAL TAX RATE HIKES ARE PRESENTLY BEING PUSHED HARD BY THE ADMINISTRATION & CONGRESS, 15 years of I.R.S. confidential data (irrespective of privacy laws and illegality of publishing) has timewise suspiciously been leaked or hacked, and published, showing that billionaires pay little, and often zero, federal income taxes. By the end of 2018, the 25 richest Americans – worth collectively over $1.1 trillion – paid a total of $1.9 billion (= 1.7%) utilizing techniques that are routine and legal. The data shows “in addition to income & taxes, also their investments, stock trades, gambling winnings and even the results of tax audits.”  [TOWNHALL – 6/8/21 and https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
  • CORPORATE TAXWISE, FINANCE MINISTERS FROM THE LARGEST ECONOMIES (G7), who lead the 20 richest nations and 140 other countries (OECD) are now working together to revamp international tax laws, in order to stop multi-national conglomerates “from shifting overseas profits & tax revenues to low-tax countries regardless of where their sales are made – increasingly from intangible sources such as drug patents, software and royalties on intellectual property.” The push is for a 15% minimum tax rate, estimated to increase global collections up to $80 billion and redistribute more equitably. The biggest battles are about digital technology services, investment funds and real estate investment trusts. DCG clients are unaffected, but just fyi.   [JRNL OF ACCOUNTANCY – 6/5/21]
  • THOUGHTS FOR THE WEEK:    

       The size of our universe is literally incomprehensible, but this helps: https://www.youtube.com/watch?v=Iy7NzjCmUf0&feature=youtu.be

       It’s ‘Racist’ not to support one of the stupidest and most insulting laws ever to be suggested by career politicians, and a complete abdication of common sense to ignore its implications:  https://townhall.com/columnists/anncoulter/2021/06/09/voting-rights-its-racist-not-to-let-democrats-cheat—p–n2590760?utm_source=coulterdaily&utm_medium=email&utm_campaign=nl&bcid=be9796dd8b3cfc7f2a550c6bec436c84&pid=eb09a06b-ff1a-42b4-ad6b-656e603e8ffd