sunset from behind the wire

sunset from behind the wire

Wednesday, February 7, 2018

California's Flirtation with Socialism

Stockton, California is a ghetto city. There are a lot of ghetto cities in America and it takes a lot to improve them - generally by having people with money come along, buy homes, and displace the people who made it a ghetto in the first place. The process is called gentrification. 

Stockton is also poorly managed and in 2012, they filed for Chapter 9 bankruptcy protection. 

Stockton Mayor Tubbs
Now they have a new plan - a “universal basic income” of $500 every month to every resident. At present, they're funding their project with private money (a fool and his money are soon parted). The plan is touted by Stockton Mayor Michael Tubbs as the way forward to a bright future.

Nearly half of the population is hard core unemployed (no work history, high school drop out, drug addicted, living on government largess). The other half (45%) speak a language other than English and work off the books for sub-minimum wages, and as you might well imagine, Stockton is a sanctuary city. People who may work in Stockton, don't live there. You don't hear that refrain but it's accurate. One of the more thriving businesses in Stockton is the bail bond business...but the bondsmen don't live in town either.

Cheap illegal immigrant labor has depressed wages and other-than-citizens took the jobs previously held by Afro-Americans, leaving them with no work history, no hope of employment, no interest in education and drug addicted.

Oakland, California, a more depressed, vicious, drug-addicted and nasty ghetto city than Stockton, has taken the idea and doubled down. In Oakland, a startup is giving around $1,500 a month to a handful of selected recipients, with the aim also to study how financial health and well-being are affected.

Commentary - Money for nothing and chicks for free is an entertaining notion. Among those already living in a government housing project, receiving aid from a plethora of government sources, unemployed and with addictions to substances (the whole spectrum), another $1,500 a month will be spent - however. But what does that DO? Will the depressed and addicted residents of the projects use the $1,500 to find gainful employment? Don't hold your breath.

In an effort to re-generate the sub-prime lending disaster that crashed the American economy, California liberals are desperately concerned that people of color who can't qualify for loans don't receive them from lenders. There is a cry of de-facto racism

Eventually they will run out of other people's money.

17 comments:

  1. Come on .... California is 100% socialist already.

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    1. This is but another scheme to redistribute wealth, and Facebook is said to be very supportive of it, but I don't see what angle they have on it.

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    2. And nobody is more virtuous or progressive than Facebook.

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  2. I want some of that helicopter money, dammit. Just think, every other month or so a new gun and plenty left over for ammo and the occasional gin and tonic at the Club.

    But seriously, when all the low skill and some high skill jobs are automated, what will people live on to buy all the goods the robots produce? A universal basic income?

    I don't see how that works but surely I'm missing something...

    Large djinns all 'round!

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    Replies
    1. Or we turn all of the bums and lay-abouts who sign up for their free cheese and check into soylent green and sell it to the starving masses in India. Yes, it would reduce the US population, but they're being replaced by robots anyway.

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  3. I thought the sanctuary state was bankrupt...

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  4. Indeed. Another familiar odor in the wind. As I recall, .gov said balanced financial statements be damned, you lenders WILL balance your racial quotas. And so we got NINJA loans--no Income, no JOB, no Assets. Sign here.

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    1. That's how it works. The song begins again. Racial equity irrespective of ability to repay or track record of financial responsibility.

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  5. I really thought this was an Onion post, but it's real!!! Stupidity doubled down, and you are correct, what happens when they run out of OPM???

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    Replies
    1. They'll try to raid the federal treasury, which won't happen under President Trump - but maybe under a President Pelosi or President Chelsea Clinton?

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    2. Now there are a couple thoughts that make me want to puke...

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    3. It's useful to keep a barf bag close whenever you're listening to a progressive person. Conservatives clean up after themselves. However I'd forgive you if you projectile vomited all over Hillary. In fact, I'd pay good US money to see it. Go in for the selfie, and loose it.

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    4. Hahahahaha! I could use the money, but not enough to want to get that close to Killary. :)

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  6. A Churchill quote seems appropriate.

    The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

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