In March 2019, when the US economy was booming and New York City was doing great economically, Nikitas3.com suggested in a commentary that Wall Street move its operations from the City to Florida. Here is that commentary. It is more pertinent today than ever as New York City has suffered huge economic damage in the China virus crisis and physical damage in the ‘black lives matter’ riots of 2020:
Wall Street Should Move to Florida
Much of the so-called American financial services industry is headquartered in New York City, around Wall Street in Lower Manhattan crammed into just a few square miles of skyscraper-encrusted streets.
It is centered around the two stock exchanges, the American and New York exchanges, and includes hundreds of thousands of well-paid workers in jobs related to the industry (brokers, analysts, traders, forecasters, reporters, hedge funders, clerks, secretaries, receptionists, etc.)
This represents a fantastic agglomeration of wealth that is contributing huge amounts of money and tax revenue to New York state and to the City, and to the region.
But Nikitas3.com recommends that Wall Street move to Florida to a brand-new city that could be specially designed for it.
There is no good reason for Wall Street to remain in New York. It is cramped into hundreds of buildings in grimy Manhattan with very high rents. Wall Street workers travel in crowded trains and subways each day, up to two hours and more, to and from work. These workers live in high-cost, high-tax states like New York, Connecticut and New Jersey.
Yet both New York’s governor and New York City’s mayor are left-wingers who have spoken repeatedly over the years in favor of “taxing the rich” and of their disdain and even hatred for wealthy people – even though most of the rich people are Democrats. The City’s residents also are becoming increasingly radicalized against business as we saw in the recent campaign against Amazon.
Over the last 20 years two Democrat New York state attorneys general have targeted Wall Street figures in investigations that looked more like anti-capitalist witch hunts.
Interestingly both attorneys general ended up resigning in sex scandals – Eliot Spitzer quit in 2008 after he got elected governor and Eric Schneiderman left office in May 2018 after allegations of abuse.
So why should Wall Street remain in New York?
It shouldn’t. All of those jobs should be moved to a totally new city in business-friendly, low-tax Florida. It could be created specifically as a sprawling campus with plenty of room to breathe and expand.
Just imagine spacious new buildings with huge trading floors for the exchanges, and plenty of offices above. Imagine lawns and gardens for workers’ enjoyment in Sunny Florida.
Imagine dozens of new structures with ample office space, parking lots for workers’ cars and easy access to interstate highways for a quick, direct commute to work. No more crowded, dirty subways and jammed commuter trains at every rush hour. And no Winter weather to deal with.
It sounds like a good idea to Nikitas3.com. After all, more and more wealthy New Yorkers are moving to Florida anyway to escape the crushing New York taxes.
Why not move the whole deal down there?
Supreme Court Screws Trump Twice
We now have more confirmation that the allegedly conservative Supreme Court that we had hoped that president Trump had given us is hardly as conservative as we had hoped.
This is like so many allegedly conservative people and institutions. They are really wolves in sheeps’ clothing, like many elected Republicans who are really Democrats. Other affected institutions include most of our corporations, many of our churches, the arts, the media, our public schools, etc.
The Supreme Court recently ruled against president Trump on both the 2020 election case that came before it, and regarding the turning over of his tax documents to a New York prosecutor.
In other words, the Court seemed uninterested in what appears to be massive fraud in the election but sure seems intent on handing over Trump’s tax records so that Trump haters can search through them for any irregularity and cause more headaches for the president.
Unfortunately we had only two real conservatives in both cases, justices Clarence Thomas (who joined the Court in 1991 under president George HW Bush) and Samuel Alito (who joined the Court in 2006 under president George W. Bush). All the rest of them are liberal or fair-weather conservatives, including Trump appointees Gorsuch, Barrett and Kavanaugh.
Nikitas3.com has said many times that we don’t need Constitutionalists on the Supreme Court. We need conservatives. There is a difference. A Constitutionalist will abide by the Constitution, which is great. But the liberals on the Supreme Court always vote liberal in important cases, no matter what the Constitution says.
Thus we need justices on our side who not only will consider the Constitution but will then interpret it through a conservative lens.
It sure sounds Constitutional to Nikitas3.com to have free and fair elections. But only three justices agreed. This is very sad. Justice Thomas wrote about the election case:
“This (decision) is not a prescription for confidence,” adding that “changing the rules in the middle of the game is bad enough.” Thomas, considered by many to be the most conservative justice, said the Court should have granted a review.
“These cases provide us with an ideal opportunity to address just what authority nonlegislative officials have to set election rules, and to do so well before the next election cycle. The refusal to do so is inexplicable.”
Justices Alito and Neil Gorsuch also dissented.
Biden Fires Trump Prosecutor
PJ Media reported:
You’ve probably never heard of Chicago’s U.S. attorney John Lausch. For the last two years, he has been going after some of the biggest, most powerful Democrats in the state of Illinois.
His office indicted a Chicago alderman who had been serving since 1969. Edward Burke had been in the crosshairs of prosecutors for four decades but it wasn’t until Lausch came into office that he was indicted.
Then there’s the case of the most powerful state politician in the United States, Illinois House Speaker Mike Madigan. His aides and cronies have been indicted for various crimes of influence over the years and Lausch has now set his sights on Madigan himself.
In fact, it’s believed Lausch has targeted some other high-profile Democratic politicians in other investigations. It’s a target-rich environment and Democrats in Illinois have gotten extremely nervous about who Lausch will go after next.
Now it appears, that bringing down corrupt Democratic politicians will be the job of the next U.S. attorney. Along with 56 other U.S. attorneys named by former president Trump, Lausch will lose his job — fired by Joe Biden.
If any Republican did such a thing to a prosecutor who was investigating Republicans, there would be armageddon. But not when Democrats do it. This is part of the national pattern – Democrat get away with everything.
Colorado Election Chief Deleted Dominion Document
The Gateway Pundit reported about more suspected election corruption involving the Dominion vote tabulation machines, this time in Colorado:
Another day, another suspicious act committed by Democrats in the 2020 election. Joe Biden was declared the winner in Colorado in the 2020 election. But the number of votes for Biden was reportedly more than both Hillary and Obama received in prior elections, a lot more. President Trump surpassed both the Obama and Hillary record vote counts, which you would think would have won him the state since Biden had no game and no following, but instead the impossible occurred. Biden received half a million more votes than Obama and Hillary to set a record and outperform them all.
Today we’ve uncovered the fact that the Colorado Democrat Secretary of State, Jena Griswold, removed a document from her state’s website days after the 2020 election and days before certifying the 2020 election. The document was a proposal (RFP) from Dominion for voting machines in the state in December 2015.
We could end all of these questions about Dominion with a nationwide audit of Dominion machines. Dominion claims that it has done nothing wrong, so they can prove it by allowing an audit. But they sure are doing everything in their power to stop any probe of their machines along with hundreds of state officials who also seem to be covering up for a stolen election.
Democrat Virus Bailout is Grab-bag of Leftist Spending
Breitbart News reported:
The Committee for a Responsible Federal Budget (CRFB) wrote in an analysis Monday that the Democrats’ coronavirus $1.9 trillion virus relief bill contains at least $312 billion in policies unrelated to the coronavirus.
The Committee released an analysis of the House coronavirus bill, stating that it:
…is much larger than the needs of the economy, much of its spending is poorly targeted, it includes a number of measures unrelated to the COVID pandemic and economic crisis, and it would abruptly cut off aid to unemployed workers at the end of August.
The nonpartisan think tank noted that the bill contains “at least $312 billion of policies that have little to do with the current crisis.”
“Among the unrelated provisions are a pension bailout; expansions of the Child Tax Credit (CTC), the Earned Income Tax Credit (EITC), and the child care tax credit; an increase in the minimum wage to $15 an hour; and Affordable Care Act (ACA) expansions,” the Committee wrote.
The CRFB wrote that since these policies are unrelated to addressing the coronavirus pandemic, they “should be subject to normal pay-as-you-go [PAYGO] rules, which means each policy should either be fully offset with new revenue or spending reductions to cover its cost.”
House Democrats established a rule in January that eliminated PAYGO restrictions on coronavirus spending and climate change-related spending, making it easier to spend on these issues without establishing budgetary offsets.
The unrelated policies in the coronavirus bill include:
$110 billion expansion of the Child Tax Credit. The bill would increase the tax credit from $2,000 to $3,000 and make it fully refundable for one year.
$23 billion expansion of the Earned Income tax Credit to childless adults for one year. The proposal would expand the tax credit, including those aged 19-24 years-old and over 65 years-old.
$8 billion expansion of the Child Care and Dependent Care Tax Credit to $4,000, or $8,000 for two or more children, for one year.
A $58 billion provision giving grants to multi-employer pension plans and changes single-employer pension funding rules.
A $54 billion provision expanding the federal minimum wage to $15 per hour by 2025.
A $34 billion expansion of Affordable Care Act (ACA) subsidies to reduce the maximum cost of insurance plans.
A $16 billion increase of the base Medicaid match rates to states that recently expanded Medicaid under the ACA.
A $9 billion provision allowing states to expand Medicaid coverage for prisoners close to release and for pregnant and postpartum women for five years.
The CRFB also noted that Congress could save billions of dollars by reducing other policies in the bill, such as:
Reducing state and local government aid from $350 billion to $100 billion and aid to public schools from $100 to $70 billion.
Gradually tapering unemployment benefits.