California Proposes Another Absurd Bailout Program

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice.

China says Wuhan Lab Scientists Deserve Nobel Prize

China’s government-run media outlets are reporting that, instead of being blamed for leaking the coronavirus, the Wuhan Virology lab scientists should be awarded the Nobel Prize for being the first to sequence the virus.

Naturally it’s only a matter of time before the World Health Organization throws its weight behind this recommendation…

Or for the Big Tech companies to censor anyone who says this is a completely absurd idea…

Or for the Twitter mob to accuse anyone who doesn’t support China’s Nobel Prize push as an anti-Asian racist.

Click here to read the full story.

LinkedIn censors China experts at request of China

Speaking of China, the Microsoft-owned networking and resume website LinkedIn has been helping China censor intellectual dissidents.

One academic, Jojje Olsson, who has written five books on China, received a message from LinkedIn stating that if he did not edit his profile, it would be blocked in China.

That was because it mentioned a graduate thesis he wrote on the Tiananmen Square massacre.

He’s not the only one. According to the Wall Street Journal, LinkedIn complied with 38 of 42 requests from China last year to remove content— the most of any country.

Apparently telling the truth, even about your own background, is enough to have you struck off the Big Tech platforms.

Click here to read the full story.

Google automatically installs Massachusetts Covid tracking app on Androids

And speaking of Big Tech, Google automatically installed a Covid-19 contact tracing app created by the government of Massachusetts on over a million Android devices.

Google did not ask permission, and did not tell anyone what it was doing. People just woke up to realize the app, MassNotify, had been installed.

The app still apparently requires users to opt-in before it actually starts tracking your location, to see if you come into contact with anyone who has reported contracting Covid-19.

But it is still a super creepy warning that Google has the ability to remotely install, or uninstall apps on Android phones without consent.

Click here to read the full story.

California will bail-out tenants who didn’t pay their rent

California enforced an eviction moratorium almost immediately when the pandemic started last year; the moratorium forbids landlords from evicting non-paying tenants.

The moratorium is set to end on June 30, and California is worried that landlords might want to evict tenants who haven’t been paying rent.

So now the state wants to bail out the tenants who weren’t able to keep up, effectively writing a check for all the past-due rent owed in the state.

Just imagine— you were someone who fell on hard times… but you still made sacrifices every month, and kept going to work, to pay the monthly rent that you owed. What do you get for all that work and sacrifice? Nothing.

But someone else who took federal money to stay home, spent all of it shopping on Amazon, and didn’t bother paying rent because of the moratorium, will be bailed out by the government.

Obviously there are plenty of legitimate, hard-working people who fell on bad times and will benefit from this bailout.

But that’s the problem with bailouts: they never differentiate between good behavior and bad behavior. It’s no different than people who took PPP loans and bought expensive sports cars.

Bailouts create huge incentives for irresponsible decisions… and more importantly, rarely reward people who worked hard and made difficult decisions.

California’s plan is to divert some of the billions they received from federal Covid bills to pay off the past-due rent payments for lower income people.

And it’s important to point out that in cities like San Francisco, “lower income” includes a family of four with an income of $146,000 per year.

I’m sure there won’t be a single penny wasted in this new initiative.

Click here to read the full story.

About the author

James Hickman (aka Simon Black) is an international investor, entrepreneur, and founder of Sovereign Man. His free daily e-letter Notes from the Field is about using the experiences from his life and travels to help you achieve more freedom, make more money, keep more of it, and protect it all from bankrupt governments.

Get our latest strategies delivered
straight to your inbox for free.

Discover our most read content below...

Share via
Copy link