NJ Plans To Use HFT Tax To Pay For "Social Justice" Agenda

After setting the stage for a new millionaire tax, and hiking gasoline taxes by 22.5%, New Jersey - which has emerged as the most hated state in the US - which is home to both the incorrectly named "New York" Stock Exchange (the TV studio may be located in Manhattan but the actual exchange with the microwave and laser towers is located in Mahwah) and the Nasdaq, proposed a tax on high frequency trading. Yet while both former taxes were meant to shore up the state's depleted coffers, the purpose of the "hi-freq" tax was a mystery. That mystery was revealed earlier today when senior NJ administration officials said that revenue from a proposed tax on electronic Wall Street trading to expand his "social-justice agenda."

NJ governor Murphy saw the potential windfall as a shot to expand what he calls his "stronger, fairer" agenda to close New Jersey’s wealth gap, according to the administration officials, who spoke on condition of anonymity because the legislation is in early stages. While to most this simply means even more backroom dealings in one the country's most corrupt states, to Murphy this is the pursuit of nobility - Murphy prides himself in enacting free county college tuition for undocumented immigrants and expanding no-cost pre-kindergarten in needy communities. And by "free" we of course mean paid for in the form of soaring taxes from all other documented and legal residents.

Perhaps it's only fitting that those who benefit the most from HFTs end up paying a few pennies on the dollar for every dollar they make frontrunning retail investors via their unofficial subsidiary, Robinhood (something which the regulators finally figured out today).

Additionally, Bloomberg reports that while any proceeds from levies on hundreds of millions of trades processed at data farms inside the state wouldn’t be scored for the fiscal year that starts Oct. 1, the bonanza from the first-of-its-kind state tax could ultimately become a long-term annual source of revenue for New Jersey.

Oh, and it would of course boost progressive appeal for Murphy, a Democrat and retired Goldman Sachs Group senior director, if he campaigns, as expected, for a second term next year. What is it about former Goldman execs - such as Jon Corzine - running the Garden State (right into the ground)? But we digress.

As reported previously, a bill sponsored by Democratic Assemblyman John McKeon calls for a quarter-of-a-cent tax on stocks, options, futures and swaps trading via northern New Jersey electronic data centers. McKeon, in an interview Wednesday, said the state could collect $10 billion annually from entities engaged in at least 10,000 transactions per year, which is about how many transactions HFTs make every second.

https://www.zerohedge.com/markets/nj-plans-use-hft-tax-pay-social-justice-agenda

Chinese Embassy’s PR Firm Received Coronavirus Relief Loan

A registered foreign agent of the Chinese embassy received a coronavirus relief loan of between $150,000 and $350,000.

BLJ Worldwide serves as a propagandist for Beijing, handling the embassy’s media relations, crisis communications and public messaging initiatives.

The firm, which maintains the embassy’s Facebook page, has posted pro-Beijing coronavirus spin on the social media site.

BLJ received $144,000 from the embassy and $313,200 from a Beijing-linked non-profit organization from Jan. 1 through June 30, according to foreign lobbying disclosures.

An American consulting firm that serves as a propagandist for Beijing received loans of up to $350,000 each under the coronavirus relief program, government documents show.

BLJ Worldwide received a loan of between $150,000 and $350,000 through the Paycheck Protection Program (PPP), according to analysis of the federal database that tracks payments for the coronavirus relief program.

The New York-based firm received $144,000 from the Chinese embassy and $313,200 from the China-U.S. Exchange Foundation (CUSEF) from Jan. 1 through June 30, according to a disclosure BLJ Worldwide filed with the Justice Department this week under the Foreign Agents Registration Act (FARA), which was enacted in 1938 to counter Nazi propaganda.

CUSEF has come under scrutiny in the U.S. because of its founder Tung Chee Hwa’s links to the Chinese Communist Party. He is vice chairman of the National Committee of the Chinese People’s Political Consultative Conference, a top advisory group to the Chinese government, according to CUSEF’s website.

BLJ’s FARA filing says the firm provides media relations, media training, crisis communications and “message recasting” for the Chinese embassy. BLJ also operates the embassy’s social media accounts, which have numerous posts touting Beijing’s position on hot-button issues, including the coronavirus pandemic.

BLJ Worldwide received its PPP loan on April 13, according to analyses of the PPP database conducted by CNN and ProPublica.

The Small Business Administration has provided loans to small businesses to pay employees and cover other expenses in order to deal with the economic setback from government-imposed shutdowns due to the pandemic.

https://dailycaller.com/2020/09/02/coronavirus-ppp-china-propaganda/

Japan Plans To Provide COVID-19 Vaccine To All Citizens For Free

Outgoing Japanese PM Shinzo Abe has made many of the same mistakes during the battle against COVID-19 as President Trump: After botching the handling of the "Diamond Princess" by allowing quarantines to be violated and the infection to spread, the Japanese government never followed up with stringent restrictions. Japan's constitution forbids the type of lockdowns seen in Europe, China and the US. The state of emergency adopted by the government wasn't nearly as robust a measure as what other countries tried.

And yet, Japan has a relatively low rate of infection. None of this really makes sense, considering that Japan's aged population consumes more adult diapers per year than infant diapers. Still, in an effort to quell fears, the Japanese government is reportedly planning to offer a COVID-19 vaccine free of charge to any citizen who wants one, according to a report from Nikkei.

People at high risk of developing severe symptoms, particularly the elderly and health care workers, will receive first priority. The full cost will be covered in the national budget, meaning the central government will pay, saving local authorities from shouldering any expense. Exactly how the program will work will be decided by a panel of 'experts' convened by the Japanese government.

Currently, the Japanese government is negotiating with multiple pharmaceutical companies, including Pfizer, AstraZeneca, and others, as it seeks to build a massive stockpile of vaccines. The country's goal is to eradicate the virus in Japan long before the 2021 Olympics in Tokyo.

https://www.zerohedge.com/geopolitical/japan-plans-provide-covid-19-vaccine-all-citizens-free

Not Satire: The New York Times Is Worried About the Safety of Portland Antifa Rioters

On Tuesday, The New York Times published a heinously misleading report suggesting that dangerous “right-wing activists” have suddenly introduced violence into the “protests” in cities like Portland and Kenosha, Wisc. While the article — posing as straight-reporting, not opinion — did reference “unrest” and “looting” sporadically, it painted the antifa agitators who have attempted to burn down buildings with people inside as “protesters” who suddenly face danger thanks to the invasion of conservatives with guns.

“As right-wing groups increasingly move to confront unrest in cities, demonstrators are taking drastic steps in assessing how to keep themselves safe,” The Times‘ subhead summarizes. The article begins by quoting Reese Monson, who organizes “security for the hundreds of protesters” in Portland. Monson reportedly advised the protesters — who have covered for and perpetrated dangerous and violent riots — “to use shields made of plywood, pool noodles and 55-gallon drums,” which the article describes as “tools to deflect the riot-control measures used by police.”

Whitewashing the riots

The article does not explain why such “tools” might be necessary. Antifa rioters have outfitted themselves in armor, gas masks, and helmets while carrying shields in their violent attacks on police. They have aimed lasers into the eyes of police in order to blind them, set off commercial-grade fireworks at police, and set fire to police precincts and the federal courthouse. Yet The Times appears to consider these violent attacks a kind of protest and “demonstration.”

“Now, Mr. Monson said they were considering a new kind of shield when they go out to demonstrate against racial injustice: bulletproof vests,” The Times adds.

Rather than acknowledging the destructive and deadly violence the rioters have perpetrated night after night, the article attempts to throw the violence down the memory-hole.

For months, as protests by Black Lives Matter and other groups have erupted across the country, the persistent confrontations have been largely between protesters and the police, with the conflict playing out in tear gas volleys and lobbed projectiles. But in recent days the protests in Portland and in Kenosha, Wis., have taken a more perilous turn — right-wing activists have arrived, bent on countering the racial justice protests with an opposing vision of America.

Note how this paragraph unfolds: it suggests the “protests” have not been dangerous or violent, while mentioning “tear gas volleys” first in order to paint the police as the aggressors. It even pained the rioters in an extremely positive light, calling their violence “racial justice protests.” Then it attributes a “more perilous turn” to the arrival of “right-wing activists” who have “an opposing vision of America.”

What, exactly, is that “opposing vision?” In a phrase, it is “law and order.” While rioters have defended their actions as a form of revolution, excusing looting and destruction as effectively harmless forms of bringing about “justice,” these nefarious “right-wing activists say they are protecting private property, protesting city officials’ failure to contain demonstrations, and offering support to the police.”

Oh, horrors! They believe in private property, oppose looting and arson, and want the police to restore order.

https://pjmedia.com/news-and-politics/tyler-o-neil/2020/09/02/not-satire-the-new-york-times-is-worried-about-the-safety-of-portland-antifa-rioters-n880556

The rich to get huge tax cuts under Scott Morrison’s plan

Wealthy Australians - including Scott Morrison - will be $11,640-a-year better off under proposed tax cuts. But it’s a different story for others.

Part-time workers will score a measly $255-year under the tax cuts the Morrison Government is considering bringing forward but the wealthy including Prime Minister Scott Morrison will ultimately secure a stunning $11,640-a-year windfall.

Wealthy families on six figure salaries are on track to secure huge windfalls worth up to 20 times the value of low income and part-time workers under the legislated tax cuts by 2025.

That prompted a warning that the Morrison Government would be better off increasing welfare payments or tax cuts for low income workers if they really want people out spending to stimulate the economy.

ANU Associate Professor Ben Phillips told news.com.au that the rich are more likely to stash tax cuts into savings accounts and pay off personal debts including credit cards and big mortgages, rather than spending the money and stimulating the economy.

“We know that people are saving at higher rates than ever. It will have some small impact. But most people would say you get a bigger bang for your buck with tax cuts at the lower income end or welfare,’’ he said.

The Australian Council for Social Services is urging the Morrison Government to deliver a permanent increase to JobSeeker before it fast-tracks tax cuts for the rich.

In a discussion paper, Restoring growth: Tax cuts or payments and services?, ACOSS warns bringing forward the tax cuts won’t stimulate the economy if the wealthy workers don’t spend the money.

“The second and third stages of the Government’s proposed tax cuts are skewed towards high income-earners. In the context of high household debt, much of these tax cuts will be saved,’’ the discussion paper states.

“In contrast, a $75 a week increase in Newstart and related allowances for single people and single parents would mainly go to the poorest households and regions. Since they have little choice but to spend any extra dollar on essentials like food and rent, the money would be quickly spent, lifting jobs and growth in the regions that need it.”

The tax cuts the Morrison Government is considering bringing forward are worth $20 billion and are currently scheduled to come into force in 2022.

https://www.news.com.au/finance/economy/australian-economy/the-rich-to-get-huge-tax-cuts-under-scott-morrisons-plan/news-story/bedfdb64550ccd7e50a21c1baaf394be

Jewish controlled dictatorship

Trump triggers cries of ‘voter fraud’ from Dems after suggesting his supporters could try vote TWICE to test NC mail-in system

US President Donald Trump has proposed that voters in North Carolina cast their ballots twice to test the state’s mail-in voting system, prompting criticism that he promoted the same “fraud” his detractors insist was impossible.

“Well, they’ll go out and they’ll vote, and they’re going to have to go check their vote by going to the poll and voting that way, because if it tabulates, then they won’t be able to do that,” the president told reporters during a visit to North Carolina on Wednesday when asked about his confidence in mail-in voting.

Let them send it in and let them go vote, and if their system’s as good as they say it is, then obviously they won’t be able to vote. If it isn’t tabulated, they’ll be able to vote. That’s the way it is.

While election laws differ from state to state, ‘double voting’ is generally prohibited and is listed as a felony in some locations. It is also barred under a federal statute, which threatens violators with a fine of up to $10,000 and a five-year prison bid.

President Trump has regularly railed against universal mail-in ballots as the coronavirus pandemic drives a shift away from in-person voting, warning the system will be fraught with problems and encourage massive fraud. He has at times pointed to New York’s recent Democratic primary as an example, which relied heavily on mail-in voting and experienced major delays, calling it a “disaster” after tens of thousands of ballots were lost or thrown out for formatting errors.

A Trump campaign official, Tim Murtaugh, clarified the president’s remarks in a statement to NBC later on Wednesday, saying the commander in chief “encourages supporters to vote absentee-by-mail early, and then show up in person at the polls or the local registrar to verify that their vote has already been counted.”

It’s amazing that the media can go from insisting that voter fraud doesn’t exist to screaming about it when President Trump points out the giant holes in the Democrats’ voting schemes.

https://www.rt.com/usa/499749-trump-vote-twice-mail-in/

Canada’s Communists Say Ongoing Unrest Proof That Systems in Place Failing Ordinary People

The current societal unrest in Canada, the United States, and other parts of the world is proof that current systems in place are failing citizens, Communist Party of Canada leader Liz Rowley said in an interview.

Amid the ongoing unrest, politicians, activists, and other public figures have often asserted that communists and other left-wing groups are at fault.

Rowley says that while communists and other left-wing factions are part of the movement for change, to characterize the protests as a left-wing conspiracy is to ignore all the issues that ordinary citizens are currently facing.

“I can tell you that there are a lot of communists and other progressive people who are at those protests and demonstrations in the US, in Canada, and for that matter, around the world”, Rowley said. “What we're actually seeing is an uprising of people who are outraged by police violence and by systemic racism against the black community, indigenous peoples in the first place, but also all racialized people.”

Rowley added that what the world is witnessing is a “very broad movement” that is far too complex to attribute to one group or another but that boils down to one simple fact: the current systems in place are failing ordinary Canadians and contributing to rapidly growing inequality.

Socialism Rising in Canada

The leader of Canada’s Communist Party says that the ongoing coronavirus-induced economic downturn exemplifies the pitfalls of current Canadian governance.

“It's pretty obvious that capitalism is not working for many, many people. The current economic crisis underlines that”, Rowley says.

As the Canadian economy slowly emerges from a two-month shutdown this spring, according to the state statistics agency, employment numbers remain well below pre-pandemic levels, with many more having had their working hours reduced. Rowley says that most of these individuals are not eligible for unemployment insurance, as it currently stands, and questions how they will get by going forward.

“Seventy-five percent of [people currently receiving COVID-19 benefits] are not eligible for unemployment insurance. And so how are they going to live? Capitalism caused this crisis that all of us are facing now through corporate greed and governments that pandered to these big corporations – most often the mouthpiece of these big corporations – that people are thinking, ‘maybe socialism is the way to go’”, Rowley said.

When asked if socialism can exist in a democratic society – most socialist states tend to be regarded as authoritarian by Western experts – Rowley says the current Canadian political system is not as democratic as advertised, adding that it is a myth that socialism is anti-democratic.

“The argument that people who oppose socialism use is that Marxism, in particular, is anti-democratic. I can say, that couldn't be further from the truth”, Rowley says. “I think Cuba, Vietnam, and other socialist-moving countries - their governments are very democratic. They are governments that represent the people and they generally have very broad public support.”

She adds that Canadians and other Westerners simply do not have an accurate understanding of socialist societies because of pervasive disinformation efforts by domestic media.

Rowley also dismisses the notion that a transition to socialism has to have violence, like other communist and socialist revolutions in the past. She, however, warns that the civility of any transition is predicated on the will of ruling elites.

https://sputniknews.com/analysis/202009031080353177-canadas-communists-say-ongoing-unrest-proof-that-systems-in-place-failing-ordinary-people/

>>10511710

Victoria Police warns residents not to leave home to protest

Victoria Police has charged three people with incitement over a protest against coronavirus restrictions scheduled for Saturday.

Residents are being told not to leave home to protest in wake of a viral video of a Ballarat woman being arrested for allegedly inciting coronavirus lockdown protest on Facebook.

https://www.abc.net.au/news/2020-09-03/coronavirus-australia-live-news-covid-19-frydenberg-recovery/12623108

STAZI

“This is Playing with Fire! We’re a Very Closely Divided Country Here!” – WOW! AG Bill Barr GOES OFF on Wolf Blitzer on Mail-in Voter Fraud

Attorney General Bill Barr went on with Wolf Blitzer on CNN on Wednesday. During the discussion Wolf Blitzer tried to defend the Democrat plan to send out MILLIONS of ballots to voters this fall for the general election. Blitzer thinks this is perfectly fine and acceptable.

Bill Barr WENT OFF!

Attorney General Bill Barr: Now what we’re talking about is mailing them to everyone on the mailing list when everyone knows the lists are inaccurate. People who should get them don’t get them which is one of the major complaints in states who have tried this. And people who get them are not the right people… Sometime multiple ballots go to the same address. You think that’s any way to run a vote?

Bill Barr went on to say that it is absolutely insane to push this fraudulent system when the country is so divided at this time.

Bill Barr is right.

Democrats don’t give a damn they just know it is an opportunity for them to steal the election this year.

Whoever posted this response to the tweet and video is a genius.

https://www.thegatewaypundit.com/2020/09/playing-fire-closely-divided-country-wow-ag-bill-barr-goes-off-wolf-blitzer-mail-voter-fraud-video/