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Tue, 20 Jan 2026 03:00:00 +0000 Eric Swalwell's Bid For California Governor Hits Snag Over Residency Claims
Eric Swalwell's Bid For California Governor Hits Snag Over Residency Claims
Rep. Eric Swalwell (D-CA) has a major hurdle to overcome in his bid to succeed California Governor Gavin Newsom - he has been accus
Read more.....
Eric Swalwell's Bid For California Governor Hits Snag Over Residency Claims
Rep. Eric Swalwell (D-CA) has a major hurdle to overcome in his bid to succeed California Governor Gavin Newsom - he has been accused of not living in the Golden State.
California's constitution requires gubernatorial candidates to have resided in the state for the previous five years , however a new lawsuit from conservative activist and filmmaker Joel Gilbert claims that Swalwell's "home address" listed on his election paperwork is actually a lawyer's office.
According to Gilbert, Swalwell actually lives in a $1.2 million, six-bedroom mansion in Washington DC with his wife Brittany Watts, who apparently didn't take his last name (how progressive!) and their three children. The couple listed the DC home as their 'principal residence' when they took out a mortgage on it in April 2022.
According to Gilbert's complaint, Swalwell's property was listed as the couple's 'principal residence' when they took out a mortgage in April 2022
Swalwell doesn't appear to own any property in California at all , Gilbert claims in a five-page petition for writ of mandate filed against California Secretary of State Shirley Weber - accusing Swalwell of perjury , and imploring Weber to declare him ineligible to succeed Newsom in November's election, the Daily Mail reports.
Swalwell filed a California Form 501 – Candidate Intention Statement – on December 4 giving his address as a business suite in a Capitol Mall , Sacramento, high-rise.
'That address is not a residence. It is the office address of Swalwell's campaign attorneys,' Gilbert claims.
'Form 501 is signed under penalty of perjury, and the use of a non-residential address constitutes a material representation in a filing required to establish candidate qualifications,' he claimed
The suit asks Weber to 'fulfill her constitutional duty' by disqualifying Swalwell from a crowded field that includes Democrat Congresswoman Katie Porter, former Los Angeles Mayor Antonio Villaraigosa and conservative commentator Steve Hilton.
Failing to do so would cause 'irreparable harm' to California voters and 'undermine ballot integrity.' -Daily Mail
"Eric Swalwell has no California address, " Gilbert told the outlet. "So either he's guilty of mortgage fraud in Washington, DC, or he's ineligible to run for Governor of California, he can't have it both ways."
Swalwell's Candidate Intention Statement on December 4 lists his address as a business suite in a Sacramento high-rise
Swalwell has represented the San Francisco Bay Area since 2012, and drew notable criticism over an alleged extramarital relationship with woman suspected of being a Chinese honeytrap spy, Christine Fang (Fang Fang), who came to the US as a college student before spending years cozying up to prominent California politicians. She reportedly worked on his 2014 re-election campaign before evaporating into thin air.
Swalwell and Fang
The alleged affair cost Swalwell his spot on the House Intelligence Committee, however the Mail notes that no further action was taken after a two-year standards probe.
Read the rest of the report here...
Tyler Durden
Mon, 01/19/2026 - 22:00 Close
Tue, 20 Jan 2026 02:30:00 +0000 Socialism Is A Noun - A Synonym For Socialism Is Theft
Socialism Is A Noun - A Synonym For Socialism Is Theft
Socialism Is A Noun - A Synonym For Socialism Is Theft
Submitted by Mitchell Vexler ,
socialism is defined as a political system advocating that the means of production and distribution are owned or regulated by the community as a whole.
Words that you may have heard of being representative of socialism are collectivism, communalism, communism, leftism, progressivism, Marxism, Bolshevism, Leninism, Trotskyism, welfarism, Maoism, neo-Marxism, social democracy, consumer socialism, utopian socialism, classless society, collective ownership, public ownership, state ownership, Stalinism, Sovietism Marxism-Leninism, Eurocommunism, totalitarianism, radical socialism, state ownership, rule of the proletariat, and state socialism.
All of these synonyms can be replaced with 1 word, and that word is THEFT.
Theft of your money or theft of any person / victim who earns money and pays taxes, where those taxes go into pet projects which the victims did not vote for and or to cover the compound cumulative interest on the non-stop production of fraud created by the fraudsters (socialists).
It is no coincidence that the 2 largest purveyors of fraud in the U.S. are the Federal Reserve and the School District s, which own the Central Appraisal Districts, both of which utilize the mantra of printing money. One, the Federal Reserve via its right hand, the U.S. Treasury, prints money, not backed by assets, at will. The other being the School Districts which print their money by committing accounting fraud and bond fraud, demanding continuous bond raises, delivering pre-determined budgets for their owned CAD to contrive additional property valuation fraud and thus over taxation for you the victim to pay for in perpetuity, and as a result the median household income (MHI) shrinks at an alarming rate. In other words, the FED, School Districts, and CADs are socialist organizations that execute the plan socialism while simultaneously paying themselves which is again, transferring your money via fraud into their pockets.
This Article is now part of a series of recent important articles all of which should be read by every citizen in the U.S. & Canada, and any country across the world, to help people understand that socialism is the scourge of any society.
The reason why these articles are so important is that our goal is to expose the fraud that touches the lives of every property owner and also, directly or indirectly, every single Citizen.
It has become clear in recent years that many people paid for an education that did not create a return on their investment. It is also clear that many so-called bastions of education have now been exposed as incubators for socialists. Isn’t it interesting, and not at all coincidental, that on average, across the U.S., property taxes account for 83% of local revenues for public schools, allocated in two components: operations and maintenance (O&M) and interest and sinking fund (I&S), both of which are now proven to be counterproductive to the education of students. We have shown conclusively how the theft of your money by the school districts occurs. See School Districts and Accounting Fraud - Presentation to President Trump and Elon Musk and article, For the Kids .
The psychology of a socialist is detailed in “Chain the Doors of the Federal Reserve” linked above and further expanded below.
In this Article, an extension of Chain the Doors article and the writing of Thomas Pain presented in Thomas Paine - Quotes on Taxes & The Necessity of Taxation , I would like to dig deeper to show why socialism is the antithesis of capitalism and the U.S. Constitution and why socialism should be codified as illegal.
Without exception and without question, stealing private property is immoral and illegal. socialists via taxation, and as you are seeing play out in Minnesota, want to make this acceptable.
To crystalize the thought, money is property. Physical assets are property. Businesses are property. Your mortgage is property from which over time the amortization on your mortgage being the principal reduction is property. Bank accounts are property. In all 5 instances, which in totality are your life, the socialists want to steal your money.
Therefore, as socialists promote socialism (A) and socialism is theft (B) then socialists are thieves (C).
If A = B and B = C then A = C.
Not just theft of property, but theft of Constitutional Rights, and theft of the fabric of civilized society, being morals and respect for individual rights.
Could it be that the warped moral view of socialists is a direct result of an education system that does not teach how to survive and prosper in the real world thus making / brainwashing people to be dependent on the handouts from the government rather than participating in the only system that has worked for 5,000 years which is capitalism?
Are the students to blame, or are the teachers and politicians who are the preachers and screechers that create the fraud from which to take your tax dollars to support the fraud they created? Our goal is to explain to those who have been misled to at least consider the truth of socialism which is that it leads to death and destruction and no rational person would want that upon themselves or their families.
The legal view of a socialist, which is not legal under Constitutional law, is that preventing others from stealing your private property is somehow tyrannical. This is beyond rational thought and can only be the ramification of intentional brainwashing from which those in positions of power, regardless of political party affiliation, including the press, receive the benefit of profit and or perceived power.
Organized retail theft rampant in the most socialist US cities like San Francisco, Los Angeles, Portland, and Minneapolis is a ramification of socialist policies. The socialists make the argument that they are just the poor working class needing to prevent starvation and homelessness so stealing $5000 Louis Vuitton Bags is perfectly acceptable. This is beyond rational thought.
The need for socialists to support theft and immigration for votes (which costs the taxpayers roughly $1 Trillion per year - $64K per illegal immigrant), also conveys that socialists are not capable of building an economy, or products and services, from scratch. Socialism has never, in the history of the planet, worked because it terminates when it runs out of other people’s money to steal.
The socialist mantra: "The capitalist is stealing from the worker under wage labor slavery and the worker is not receiving the full value of their labor by pocketing what worker created".
Proof of the idiocy of the socialist cult mantra:
In truth, the worker and the capitalist employer voluntarily agree beforehand to wages and the work to be done, so it is not stealing.
The Worker would not be able to produce any goods or service of value if they are not working for their employer.
The worker can quit and engage in self-employment.
Setting up a business, making agreements with suppliers, arranging financing, and setting up a pipeline for customers, which is often what capitalists do, is labor and is much harder than a worker being involved in just one component of the company.
The worker can quit and join or start a coop if they believe that that type of work arrangement works better.
Society can’t fix what it can’t define and that is the main emphasis of these articles. In the furtherance of defining the issue, what was in the 1980’s and 1990’s a “democratic party” no longer exists. This is not to say there are not reasonable Democrats who would like to participate in a legitimate political party to voice their opinion. This is to say that reasonable Democrats have been cast aside and overshadowed by pure socialism and that means pure theft. The truth is laid bare in the finances of the DNC which are now negative.
Gustave Le Bon, in his work "The Psychology of Socialism," argues that socialism and radicalism function similarly to religious movements. He suggests that political controversies often stem from contrived emotional responses rather than rational deliberation. This perspective highlights the role of psychology in shaping political ideologies and movements.
socialism as a cult involves extreme devotion to a leader or ideology, often characterized by manipulation and control over members' thoughts and behaviors. This can lead to a lack of critical thinking and a strong group identity, which may be reinforced through propaganda and social pressure.
Socialism cults often revolve around a charismatic leader who promotes a vision of a collective society . These groups may exhibit extreme devotion to their ideology and leader, which can lead to a strong sense of community among members. Key characteristics include beliefs that diverge significantly from mainstream society, use of manipulative techniques to maintain loyalty and control over members, and the focus is on communal ownership and the idea of working towards a common goal.
The psychology behind socialism cults can involve several factors including that members often find a sense of identity and purpose within the group, which can be appealing, especially in times of social uncertainty. A clear pattern of cognitive dissonance emerges as its members may experience discomfort when their beliefs are challenged, leading them to reinforce their commitment to the group via emotional outbursts, or violence. It is a combination of emotional outburst, violence, and non-willingness to participate in conversation which attempts to strip the rest of society from their first amendment rights of free speech. It goes one step deeper in that there are socialists working among government entities that undermine the purpose of the entities and knowingly, with intent, break the law to support the socialist cult. This is the prime example of the wolf in sheep’s clothing.
Charismatic leaders play a crucial role in socialism cults. They often create an idealized image where the Leaders are portrayed as heroic figures, which can enhance loyalty. Propaganda is used to manipulate and maintain a positive image of the leader and the ideology. The leaders may invoke nationalistic sentiments to strengthen group cohesion while simultaneously failing to provide one stitch of evidence against the simple fact that socialism dies when it runs out of other people’s money to steal, including the theft of money from its own members.
See if you can figure out where this brilliant quote came from…."They'd come on a fishing boat and gorged themselves on coconut. So how do you get rats off an island, hmm? My grandmother showed me. We buried an oil drum and hinged the lid. Then we wired coconut to the lid as bait. The rats would come for the coconut and they would fall into the drum. And after a month, you've trapped all the rats. But what did you do then? Throw the drum into the ocean? Burn it? No. You just leave it. And they begin to get hungry. Then one by one, they start eating each other, until there are only two left, the two survivors. And then what? Do you kill them? No. You take them and release them into the trees. Only now, they don't eat coconut anymore. Now they only eat rat. You have changed their nature." This is the back story to Last Rat Standing and exactly what happens with socialism and socialists.
We are proving the truth with irrefutable evidence, on just a few inter-linked issues with property tax at the nucleus, so that society, being rational thinking people, can deal with the fraud of the socialists and insist that the Republic of the United States stand strong under its Constitution.
What we have discovered is very much applicable in Canada, and any other Country that claims to use Uniform Standards of Professional Appraisal Practice, in which USPAP has been rendered meaningless by intent to defraud, which proves the policy is that of socialism executed by socialists.
The Constitution of the United States of America or socialism???
Over 100 million people have died due to socialist, Marxist, and communist regimes—not from war, but from their own governments' brutal policies.
Socialism is cloaked in promises of equality, justice, and “free” service including free education, healthcare, housing, and jobs. Its appeal is emotional, targeting the hopes of the marginalized and the frustrations of the working class. Beneath the promises, lies the historical reality of oppression, economic collapse, and human suffering.
With Cuba and many others listed herein, socialism has consistently failed not just economically, but leaving behind a legacy of destroyed economies, starved populations, and crushed freedoms.
The False Promise of Equality
socialism is all promise and no deliver because it is a con. It centralizes power into the hands of the few, creating the very hierarchy and inequality it claims to abolish. The result is not a classless society, but a society where the government becomes the new elite, often ruled by a dictator, while the people suffer under authoritarian control and economic misery. socialism demands a revolution to tear everything down first, in order to create its new communist infrastructure and you can see this playing out live in Minnesota, Germany, European Union, the UK, and played out in our hemisphere, in Cuba. You can see a portion of my story in Cuba in an above linked Article.
After Castro took over in 1959, he nationalized 70 percent of farmland. The result? Between 1957-58, the period before Castro, and 1963-64, by which time the nationalization had been done, the production of beef, pork, poultry, eggs, milk, corn, rice, root vegetables malanga and yucca, and potatoes all fell by a double digit, and typically a high double-digit, percentage. Output of their biggest crop, sugar, fell by 35 percent. Why didn’t Cubans starve? The Soviet Union bailed them out. The CEA report notes that Puerto Rico and Cuba had relative equal national incomes in 1950 but, by 2000, Cuba’s national income relative to Puerto Rico’s had fallen by almost two thirds. I saw stores in Cuba where the locals go, and even basic toiletries were not available.
The Soviet Union: Death by Utopia
The USSR was the first major experiment in socialism after the 1917 Bolshevik Revolution. Under Stalin, the state controlled all means of production, abolished private property, and forced collectivization of farms. The result was beyond catastrophic:
The Holodomor (1932–1933) – A man-made famine in Ukraine caused by forced collectivization. An estimated 3.9 million people starved to death.
Stalin's purges, gulags, and mass arrests led to millions of deaths and imprisonments, often without trial.
Shortages became the norm. Citizens stood in long lines for bread and toiletries. Just like
By the time it collapsed in 1991, the Soviet socialist system had claimed over 20 million lives through executions, famines, and forced labor.
Mao’s China: The Socialist Engine of Death
Under Chairman Mao Zedong, the Chinese Communist Party unleashed two of the deadliest campaigns in human history:
The Great Leap Forward (1958–1962) – Mao's forced collectivization and industrialization effort caused the deadliest famine in world history, killing an estimated 30–45 million people.
The Cultural Revolution (1966–1976) – A purge of perceived “capitalist” elements, during which millions were tortured, killed, or driven to suicide, and priceless cultural heritage was destroyed.
All of this was carried out in the name of socialist ideology. The people were promised prosperity. What they received was death and devastation.
Venezuela: The Collapse in Real Time
Venezuela, once one of Latin America’s richest countries, embraced socialism under Hugo Chávez and continued under Nicolás Maduro. Promising to redistribute oil wealth and end poverty, the regime nationalized industries, restricted private property, and eliminated market competition.
The result?
Inflation surpassed 1,000,000% in 2018, making its currency practically worthless.
Food shortages became widespread.
90% of the population fell below the poverty line.
Hospitals lacked basic medicine.
Children died of malnutrition.
Millions of Venezuelans fled the country, creating one of the largest refugee crises in the Western Hemisphere.
Far from bringing justice, socialism in Venezuela robbed an entire generation of hope.
Cuba and North Korea: Islands of Oppression
Both Cuba and North Korea remain socialist examples of totalitarian control:
Cuba , under Fidel Castro, jailed dissidents, eliminated press freedom, and kept the population under tight surveillance. To this day, internet access is restricted, dissent is punished, and scarcity remains the norm.
North Korea represents perhaps the most extreme example. Ruled by dictatorship, its citizens face starvation, public executions, and complete isolation. Meanwhile, the regime invests in nuclear weapons and luxury for the ruling class.
Why socialism Always Fails
socialism destroys the incentive to innovate, produce, and excel by removing profit and competition. It replaces market decisions with bureaucratic ones, often by force. Worse, it concentrates immense power in the hands of the state and as we have seen that power that is almost always abused.
My Father taught me that “absolute power corrupts absolutely”.
socialism is a con, and in every case, without exception, it led to:
Authoritarian control
Economic collapse
Suppression of dissent
Loss of personal freedom
Mass death
The Human Toll: Over 100 Million Dead
According to The Black Book of Communism, a publication by European scholars, the death toll from socialist regimes in the 20th century exceeds 100 million. These are not deaths from war, but from starvation, executions, prison camps, and purges and all were committed in peacetime by governments against their own people.
To the socialists, it is ok if you disagree with your position in life or even this Article. However, if you are a rational thinking person, then ask yourself if there is anything in this Article that is not true. As it is true, then what does that say about you as a person wanting to put yourself, your family, and alleged friends in harms way of a horrific con that has ended in death?
To the alleged Republicans, it is time to look at the policies you created and if they were for socialist reasons and ended in socialist non-stop compound cumulative interest on fraudulent bond debt, then you either move immediately to destroy those polices (all property tax) or the only thing that separates you from the socialists in Minnesota is the violence. If any new policy is a socialist policy, that is, for the benefit of the government and not the citizens, then that attempted policy should never see the light of day or be approved.
We are now at the Supreme Court of Texas with the published statement that either the black letter of the law exists or it does not. See The Importance of the Vexler Case to Texas . The reason for this case is the refusal of the courts to deal with the legal dead zone they created and that is exactly for what the Supreme Courts exists. Either the law exists or it doesn’t. We are about to find out.
Conclusion:
socialism delivers control, coercion, and collapse.
socialism promises free, but the truth is... the world can’t afford free.
socialism must be codified into law as illegal. It is a cult. Call it what it is, and let’s deal with it.
Society, regardless of political affiliation (if any) should realize that a social policy is not socialism. A social policy could and should be a policy to eliminate hunger in the U.S. or a policy to eliminate cancer. These social policies are set forth and defined by the government but financially executed without government involvement. The market must do the lifting, not the government.
Tyler Durden
Mon, 01/19/2026 - 21:30 Close
Tue, 20 Jan 2026 02:00:00 +0000 Musk's Boring Company To Build Free 1-Mile Tunnel In "Tunnel Vision Challenge!"
Musk's Boring Company To Build Free 1-Mile Tunnel In "Tunnel Vision Challenge!"
In a new contest, Elon Musk's tunneling firm, The Boring Company, will build a 1-mile tunnel for free to the best idea submitted to the
Read more.....
Musk's Boring Company To Build Free 1-Mile Tunnel In "Tunnel Vision Challenge!"
In a new contest, Elon Musk's tunneling firm, The Boring Company, will build a 1-mile tunnel for free to the best idea submitted to the company.
The Boring Company's Prufrock 5 tunneler (via X)
"Announcing the Tunnel Vision Challenge!" the company wrote on X. "Pitch us your best 1-mile tunnel idea (Loop, freight, pedestrian, utility, etc.), we’ll pick a winner, and build it…for free!"
In an announcement on their website , the company said (emphasis ours):
Do you have Tunnel Vision?
You might if you often look around and wonder, wouldn’t it be a lot easier if I could get from Point A to Point B without the hassle of crossing busy roads, intersections, or other obstacles. Tunnels may be your answer!
The Boring Company (TBC) invites you to submit your proposal for a tunnel project up to 1 mile in length with a 12-foot inner diameter. TBC will select a winner from the proposals submitted and construct the tunnel free of charge. The tunnel can be a Loop tunnel, a freight tunnel, a pedestrian tunnel, a utility tunnel, a water tunnel, or any other use case where a tunnel would be useful. Prufrock is designed to construct mega-infrastructure projects in a matter of weeks instead of years - so let's build!
The deadline for submissions will be February 23, 2026, and a winner will be picked on March 23, 2026.
As Tesla Oracle notes further;
Musk founded The Boring Company in an effort to reduce tunneling costs . To achieve this, the diameter of the tunnel boring machines (TBMs) was reduced to 12 feet.
Following the same principle of constant improvement , The Boring Company continually upgrades its TBMs. The latest TBM is named Prufrock 5 (pictured above).
With the previous version (Prufrock 4), The Boring Company achieved a phenomenal tunneling cost efficiency of $27 million per mile. Musk’s company is aiming to achieve a cost of $10 million per mile of tunneling with Prufrock 5 and its future TBMs.
Compared to the US standard, boring a 1-mile tunnel costs a staggering $2.5 billion on average (see graph below ). So, the Tunnel Vision Challenge is offering at least a $27 million value for free.
* * *
The outlet also notes that the Boring Company's Las Vegas Convention Center Loop (LVCC) is the best example of a finished tunnel , which carries Tesla vehicles around the strip as long as you have a Model S, 3, X, Y, or Cybertruck (so basically all of 'em). The company collaborated with the Las Vegas Airport and city officials to set up a service called Vegas Loop that helps visitors with airport dropoffs.
Tyler Durden
Mon, 01/19/2026 - 21:00 Close
Tue, 20 Jan 2026 01:30:00 +0000 Why California Is Bleeding Tech Jobs: Decline Is A Policy Choice
Why California Is Bleeding Tech Jobs: Decline Is A Policy Choice
Why California Is Bleeding Tech Jobs: Decline Is A Policy Choice
Authored by Vance Ginn via the American Institute for Economic Research ,
For much of the past half-century, California benefited from a powerful first-mover advantage.
Dense networks of talent, capital, and research institutions allowed the state to absorb policy mistakes that would have crippled competitors. High spending and taxes, restrictive housing rules, and regulatory complexity were treated as nuisances rather than binding constraints, because growth could outstrip their costs.
That margin of error has narrowed dramatically.
What California is now experiencing is not a cyclical tech downturn or a post-COVID-19 pandemic anomaly. It is a measurable, policy-driven decline in relative competitiveness.
The most important evidence is not that tech employment has fallen in absolute terms, but that California’s share of national tech employment has been shrinking , while other states gain ground.
Markets are responding to incentives exactly as economic theory predicts.
Employment Share, Not Headlines, Tells the Story
According to the Bureau of Labor Statistics’ Current Employment Statistics data , California’s technology employment growth has underperformed national trends for several years, including during periods when tech hiring stabilized or rebounded elsewhere, and recently has been declining. California’s share of U.S. tech jobs is falling from roughly 19 percent pre-2020 to closer to 16 percent in recent years, a nontrivial shift for an industry this large.
This is a classic example of relative decline. California still employs more tech workers than any other state, but it is no longer where the marginal job is being created.
Commercial real estate data corroborate the employment figures. Office vacancy rates across Silicon Valley remain elevated well beyond what remote work alone would explain. Bay Area office markets have not recovered in the way peer regions have. Persistent vacancies signal not just a shift to hybrid work, but also geographic reallocation of firms and labor.
Migration as a Labor Market Signal
Labor mobility reinforces the same conclusion. U.S. Census state-to-state migration data show continued net domestic outmigration from California, particularly among working-age adults. While international immigration partially offsets population losses, domestic migration is more relevant for employer location decisions , especially in high-skill sectors.
Economic theory predicts that firms follow labor when relocation costs are low and regulatory frictions are high.
California now faces both: high regulatory frictions at home and increasingly credible substitutes elsewhere.
Founding Versus Scaling: A Crucial Distinction
California still dominates early-stage venture capital totals, as shown in venture investment data . This is often cited as evidence that concerns about the state’s competitiveness are overstated. That interpretation conflates firm formation with firm expansion.
Founding activity reflects legacy advantages such as universities, networks, and capital concentration. Scaling decisions reflect marginal costs. Increasingly, firms are choosing to incorporate or raise seed funding in California while expanding headcount in lower-cost, lower-regulation states.
From an economic standpoint, this is predictable. Scaling in California exposes firms to the nation’s highest marginal income tax rates, comparatively punitive capital gains taxation , rigid labor mandates , slow permitting processes , and volatile regulatory expectations. These costs rise nonlinearly as firms grow.
AI Regulation as a Binding Constraint
Artificial intelligence (AI) policy may become the clearest illustration of California’s regulatory overreach.
A recent CalMatters analysis documents how California lawmakers have pursued some of the most expansive state-level AI regulations in the country. These proposals extend liability, mandate preemptive risk assessments, and impose compliance obligations before alleged harms are empirically demonstrated or even defined.
From an economic perspective, this approach treats innovation as a presumptive externality rather than a productivity-enhancing input.
AI is widely understood as a general-purpose technology. Research shows that such technologies generate broad, economy-wide productivity gains, not sector-specific benefits. Overregulating AI therefore depresses expected returns not only in software, but also across health care, logistics, manufacturing, finance, and education.
California’s AI regulatory framework has drawn federal scrutiny, which is instructive. As noted in CalMatters, state-level AI mandates were referenced in President Donald Trump’s recent presidential executive order , citing concerns over fragmented and inconsistent state regulation. Regardless of political framing, the economic concern is straightforward: regulatory fragmentation raises fixed costs and discourages upscaling.
Regulation, Market Structure, and Incumbency
California’s regulatory posture also has implications for market structure. Extensive empirical literature shows that high fixed compliance costs reduce entry and increase concentration. The OECD’s work on regulation and competition consistently finds that heavier regulatory burdens favor large incumbents at the expense of startups and challengers.
This dynamic undermines the very competition that drives innovation. Europe’s experience with digital (over)regulation offers a cautionary parallel, acknowledged even in European Commission competitiveness reports . California risks reproducing that outcome domestically, exporting innovation to other states rather than other continents.
Costs Complete the Incentive Structure
AI regulation is best understood as the marginal constraint layered atop an already expensive environment. California has the highest top marginal income tax rate in the United States , and it taxes capital gains as income. Housing scarcity, documented extensively by the University of California–Berkeley’s Terner Center , raises labor costs without increasing real purchasing power. Energy prices remain among the nation’s highest, as shown by EIA electricity price data .
In combination, these policies alter the expected return on investment at the margin. States such as Texas and Florida offer credible alternatives: no personal income tax, faster permitting, lower housing costs, and a lighter regulatory touch.
Firms do not need ideological motivation to relocate. The incentive structure does the work.
Opportunity Costs and Distributional Effects
The economic cost of tech job relocation extends beyond headline employment figures. When tech employment relocates, these spillovers disappear as well.
The distributional consequences are regressive.
High-skill workers are mobile.
Lower-income workers tied to local economies are much less so.
Policies that suppress growth (even under the banner of equity) often hurt the poor most.
A Predictable Outcome
Unless California changes course, the trajectory is clear. AI firms will incorporate elsewhere. Venture capital will follow labor. Scaling will increasingly occur in states that treat innovation as an asset rather than a liability.
California will remain an important source of ideas. It will be a diminishing source of jobs. Markets are not ideological. They respond to incentives. On that front, the verdict is already in.
Tyler Durden
Mon, 01/19/2026 - 20:30 Close
Tue, 20 Jan 2026 01:05:00 +0000 Canada Weighs Token Troop Deployment To Greenland, But Fears Trump Wrath
Canada Weighs Token Troop Deployment To Greenland, But Fears Trump Wrath
The Canadian government is weighing whether to deploy a small contingent of troops to take part in training exercises in
Read more.....
Canada Weighs Token Troop Deployment To Greenland, But Fears Trump Wrath
The Canadian government is weighing whether to deploy a small contingent of troops to take part in training exercises in Greenland after several European and NATO member countries already sent in dozens of soldiers.
The discussions come as President Trump argues that the United States "needs" the Danish autonomous territory for national security reasons and has intensified his calls for Washington to take control of the island. The Europeans have clearly sent troops there for more than just "exercises" - but as a show of unity and "strength" in support of Denmark .
While no final decision has been made on a Canadian deployment, such an act would remain largely symbolic in nature - but Canadian leadership under the Carney government is likely very worried about needlessly provoking Trump's wrath .
Canada's armed forces file image
Trump is already preparing an additional 10% tariff for Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland (starting Feb.1st) as a consequence of their defiance.
He specifically referenced their sending troops to Greenland in a weekend Truth Social post:
"Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland have journeyed to Greenland, for purposes unknown ," Trump wrote on Truth Social on Saturday.
"This is a very dangerous situation for the Safety, Security, and Survival of our Planet . These Countries, who are playing this very dangerous game, have put a level of risk in play that is not tenable or sustainable."
Given the large leading EU nation of Germany has only deployed roughly a dozen troops to the island, it's likely that any Canadian presence would be even smaller .
Prime Minister Mark Carney has said that Canada is "concerned" about what he has called US "escalation" - but again this is a bad moment for Canada to get 'noticed' by Trump for joining European 'defiance' of this future plans for Greenland.
Last Thursday in the early morning nighttime hours, a Danish military transport aircraft was the first to land in Nuuk, Greenland’s capital, carrying Danish soldiers alongside members of the French armed forces .
Soon on the first plane's heels, another Danish Hercules aircraft touched down at Kangerlussuaq in western Greenland. Both planes reportedly flew with their transponders switched off.
If Canada too sends a contingent of troops, Carney would probably waiting on edge until the inevitable Truth Social post is issued by Trump slamming the Canadians and threatening new repercussion on America's northern neighbor.
The other reason NATO countries have sent their small deployments is to convince Trump to join the cooperative mission. The EU argues that this already satisfies the Washington desire to see a beefed up Western security presence in the region, with an eye on Russia and China.
Tyler Durden
Mon, 01/19/2026 - 20:05 Close
Tue, 20 Jan 2026 00:15:00 +0000 'We Must Pass The SAVE Act': Republicans Engage In Serious Push For Voter ID
'We Must Pass The SAVE Act': Republicans Engage In Serious Push For Voter ID
House Republicans are going "full steam ahead" on a supercharged version of the Safeguard American Voter Eligibility (SAVE) Act , a GOP-spo
Read more.....
'We Must Pass The SAVE Act': Republicans Engage In Serious Push For Voter ID
House Republicans are going "full steam ahead" on a supercharged version of the Safeguard American Voter Eligibility (SAVE) Act , a GOP-sponsored bill to prevent non-citizen voting in federal elections. It would amend the National Voter Registration Act of 1993 to require documentary proof of US citizenship (passport, birth certificate, or REAL ID=compliant driver's license) when registering to vote.
The bill (H.R. 8281) was originally introduced in 2024 and was passed by the House in a 220-198 vote, however it stalled in the Senate under Democratic control.
In early 2025, it was revived in the House as H.R. 22, and S. 128 in the Senate. In April, the House passed H.R. 22 in a 220-208 vote, where it was sent to the Senate and has once again stalled due to threat of filibuster or lack of bipartisan support .
Now, Republican leadership is pushing a "turbocharged" version called SAVE Act Plus , which would enhance the original bill by adding photo ID requirements for registration and voting, which both House Speaker Mike Johnson and Majority Leader Steve Scalise have begun aggressively pushing.
"What we're looking at doing is passing an even better bill over to the Senate to give them even more incentive to go protect the sanctity of every American's vote, and that is the Save Act plus a picture ID requirement," Scalise told Fox News on Sunday. "Look, you can't even get on an airplane. You can't go to a bar tonight without showing a picture ID . Yet, there are people in many states where the states actually have laws saying you can't show ID, which is a recipe for fraud , for stealing your vote if you're voting legally so that somebody can come behind you illegally in another country and actually vote and steal your vote..."
On Friday, Sen. Mike Lee (R-UT) amplified a post on X showing that 84% of Americans want voter ID - with Lee posting "We must pass the SAVE Act," adding "There are no good arguments against it."
In early December, Johnson said that the SAVE Act would be a "really important measure to eliminate fraud in elections."
VIDEO
Elon Musk has been extremely vocal about this as well:
In January, the House Freedom Caucus wrote to Johnson urging him to push the SAVE Act as the top item on his agenda.
Tyler Durden
Mon, 01/19/2026 - 19:15 Close
Mon, 19 Jan 2026 23:50:00 +0000 Why People Feel The Economy Is Bad, When Data Show Improvement
Why People Feel The Economy Is Bad, When Data Show Improvement
Why People Feel The Economy Is Bad, When Data Show Improvement
Authored by Petr Svab via The Epoch Times,
The U.S. economy is either chugging along nicely or seriously struggling, depending on who is asked. The mismatch stems from perception and perspective.
While many of the macroeconomic data look benign, they don’t capture the pain experienced by a large segment of society, several experts told The Epoch Times.
At 4.4 percent, unemployment has been only slightly elevated and the median wage growth of 4 percent has more than kept up with 2.7 percent inflation, all according to December data from the Bureau of Labor Statistics.
Yet a solid majority of Americans feel gloomy about the economy, polls indicate.
“I think there’s some element of a vibecession, where the vibes are worse than reality,” said Ben Zweig, labor economist and CEO of Revelio Labs.
It’s understandable that people would be upset about living expenses, even if the inflation rate has subsided, because the previous price increases remain baked-in, according to Zweig.
“People have a very unrealistic expectation that prices should fall to their pre-inflation spike levels, and that’s totally off the cards,” Zweig told The Epoch Times.
“I think people have this cumulative disgruntlement about the economy years ago, and that is very hard to overcome.”
At the same time, “there are some really troubling signs out there,” he said.
Tough Job Market
Excluding the 2020 COVID-19 pandemic shutdown, hiring hit a decade low in November 2025, when businesses hired less than 5.1 million people. It has struggled to take off since.
“People are not moving and there’s just historically low mobility,” Zweig said.
That hits young people, who are just entering the labor market, especially hard.
“Job posting volume is way down, and that is concentrated in younger workers, more entry level positions. So that is a real problem,” he said.
It was also around mid-2024 when wage growth for the lowest-paid workers started to lag, reversing a previous trend. The lowest paid 25 percent of workers enjoyed faster wage growth than the rest of the workforce consistently since mid-2015. But recently, that advantage has disappeared. For the past year and a half, these workers have seen their wages grow substantially slower than the rest, at a 3.5 percent rate in 2025, compared to the 4 percent overall average.
Even the slower wage growth exceeded inflation, but it’s important to understand the reality behind the data.
“Wage growth is not the same [as] individuals getting a raise,” said Ernan Haruvy, professor at McGill University and expert on economic and consumer behavior.
“To get a real pay raise, I have to change jobs. That’s how it works,” he told The Epoch Times.
Technological efficiencies, not exclusively related to artificial intelligence, have likely played a role, according to Zweig, again hitting the lowest-paid and entry-level jobs.
Technology “doesn’t automate jobs wholesale,” he noted.
“It automates little bits of tasks. And you can think of the tasks that people do as being in some hierarchy, from very small, granular micro tasks to very broad, abstract workflows. And it’s a lot easier to automate small and micro tasks, and it’s a lot harder to automate big, chunky workflows. So it happens to be that the highly skilled people are the ones that have the broadest responsibilities, and the lower tier workers are the ones that are doing the simplest work. So I think we do see more labor displacement of the most simple jobs.”
This dynamic is likely to create more income inequality, he estimated.
The economy has also been harsh to older people who find themselves with only a fraction of what they need to save in order to retire, especially with the looming Social Security insolvency, Scott Siff, founder and CEO of Pivoter, a job matching platform for people 55 and over, said.
“Those folks are feeling things like above-average inflation and higher prices for staples like groceries much more acutely,” he told The Epoch Times in a text message.
“That is only compounded by the fact that those same people face huge barriers finding jobs. With the average age of job-seekers on the online job boards only about 28–30 years old, employers have trouble hiring those folks even if they’re willing to.”
Haruvy doesn’t see the tough labor market going away.
“We'll just have to get used to the new reality, which is more competition, more skill updating, less certainty,” he said.
Financial Squeeze
Regardless of income growth, Americans are far from achieving financial health.
The savings rate dropped to 4 percent in September, the lowest since 2008, excluding 2022, which was distorted by pandemic stimulus payments.
Credit card debt exceeded $1.2 trillion in the third quarter of 2025, with more than $150 billion of that amount over 90 days delinquent.
“Right now, people are dipping into their savings,” Haruvy said.
Nearly half of Americans used savings to cover expenses last year, according to Resume Now’s 2026 Cost-of-Living Crunch report .
The same survey, however, also indicated some improvement.
While at the end of 2024, 36 percent of those surveyed said they couldn’t afford or struggled to cover basic expenses, at the end of 2025, only 24 percent said the same.
The debt data, too, show a positive trend, with the overall debt balance growth slowing down and even dropping a bit in November data, while delinquency rates have followed the same trajectory.
Tyler Durden
Mon, 01/19/2026 - 18:50 Close
Mon, 19 Jan 2026 23:25:00 +0000 "Decades Of Underinvestment": LA Firefighters Turn To Voters Amid Budget Crisis
"Decades Of Underinvestment": LA Firefighters Turn To Voters Amid Budget Crisis
"Decades Of Underinvestment": LA Firefighters Turn To Voters Amid Budget Crisis
Los Angeles firefighters say years of underfunding have pushed their department into crisis, forcing them to appeal directly to voters for money to cover what they describe as basic public safety needs—even as the city spends about $1 billion a year on homelessness programs, according to the NY Post .
This week, firefighters launched petition drives to place a half-cent sales tax increase on the November 2026 ballot. The measure would fund additional firefighters, new engines, and repairs to aging fire stations, which supporters describe as a last resort after repeated warnings to City Hall went unanswered.
“Due to decades of underinvestment, our fire department currently operates with the same number of firefighters as in the 1960s, six fewer stations, and five times the call load,” said Rich Ramirez, an LAFD paramedic. “The LAFD is half the size needed to keep LA safe, so your LAFD firefighters and paramedics are appealing directly to voters to provide funding for more personnel, equipment, and stations so that we can arrive on time to save lives and property when seconds can make the difference between life and death.”
The NY Post writes that call volume has soared. In 1960, LAFD responded to about 101,000 calls a year. Today, firefighters handle more than 514,000 calls annually, with staffing levels largely unchanged. Average response times now near eight minutes, almost double national standards, and the city has fewer than one firefighter per 1,000 residents.
City Councilmember Traci Park said the department’s condition reflects years of neglect. “We have million-dollar fire engines out of service with weeds growing around their tires,” she said. “I’ve been blowing the whistle on the lack of staffing, funding and resources at the fire department since I took office.”
Firefighters say homelessness has driven a significant share of the surge. Between 2018 and 2024, incidents tied to people experiencing homelessness made up roughly one-third of all LAFD fire calls, while trash fires jumped nearly 475% over the past decade.
Despite the increased demand, LAFD operates on about $923 million to protect nearly 3.9 million residents—about $238 per person—compared with more than $22,000 spent annually per unhoused individual.
If approved, the half-cent sales tax would raise an estimated $324 million in its first year. The funds would be restricted to core fire services, overseen by audits and a civilian commission, and supporters must gather 154,000 signatures within 180 days to qualify the measure for the ballot.
Tyler Durden
Mon, 01/19/2026 - 18:25 Close
Mon, 19 Jan 2026 23:00:00 +0000 This Could Be The Big One
This Could Be The Big One
This Could Be The Big One
Authored by weather observer Ryan Hall,
There are winter storms, and then there are storms that come from a real pattern shift. The kind that don't just brush one region, but impact a big chunk of the country.
This upcoming setup is starting to look like the second type.
Over the last day or so, confidence has increased that we're heading into a legitimate winter storm window late this week into the weekend. The signal is becoming clearer across guidance, and the ingredients are lining up in a way that usually gets my attention.
The Big Picture
A strong Arctic high is pushing into the central and eastern United States. This isn't a quick shot of cold air. It's a deep, dense cold dome that sets up first and stays in place.
At the same time, a southern stream trough is expected to eject out of the Southwest. That system will pull moisture northward over the top of the cold air already in place at the surface.
That overrunning setup is one of the more efficient ways to produce widespread snow, sleet, and freezing rain across the South and East.
About the Analogs
You may see comparisons to past storms like January 1988 or February 2010 being mentioned. It's important to be careful with that.
No two storms are exactly alike, and analogs aren't about matching totals or impacts. Where they can be useful is in highlighting similar large-scale processes. In this case, things like a strong southwestern trough, deep cold air already in place, and a steady moisture feed overrunning the cold dome.
In some respects, this setup has more cold air to work with and a broader moisture source than those events did at similar lead times. That's why it stands out.
Days 4-5: Friday Focus
By Friday, attention shifts to the Southern Plains and the Lower Mississippi Valley.
Snow and mixed precipitation look increasingly likely from the Texas Panhandle through Oklahoma, Arkansas, and into parts of the Tennessee Valley. This part of the storm will likely feature a sharp gradient between snow, sleet, and freezing rain, especially near the southern edge of the cold air.
Small shifts in track or temperature profiles could have large impacts in this region.
Days 6-7: Weekend Evolution
As we head into Saturday and Sunday, the system is expected to move east across the Southeast, with the potential to turn northeast near the coast.
Cold air is already established well north of the system, which raises confidence that much of the precipitation will fall as wintry weather. The biggest question now is how far north the heavier precipitation shield extends and how much phasing occurs between northern and southern stream energy.
That will determine whether the highest impacts remain focused on the Mid-Atlantic or expand farther north.
What I'm Watching
Strength and placement of the Arctic high
Timing and amplitude of the southern stream trough
How quickly the streams interact
Placement of the rain-snow line
Icing potential along the southern edge
These details should come into better focus over the next few days.
Bottom Line
This is shaping up to be a potentially high-impact winter storm affecting a large portion of the Southern and Eastern U.S.
It's still too early to lock in exact totals or specific cities. But it's early enough to say this is a system worth taking seriously.
If you live from the Southern Plains through the Tennessee Valley and into the Mid-Atlantic, this is one you should be planning around, not ignoring.
We'll keep refining the details as the data comes in. If the signal weakens, we'll say that. But right now, this setup has the look of a storm that could end up being memorable.
Tyler Durden
Mon, 01/19/2026 - 18:00 Close
Mon, 19 Jan 2026 22:10:00 +0000 Newsom Strains To Flip Script On California's Failures
Newsom Strains To Flip Script On California's Failures
Newsom Strains To Flip Script On California's Failures
Authored by Susan Crabtree via American Greatness,
It’s an odd predicament for a leading Democratic presidential contender.
Gavin Newsom’s biggest strength—political spin and performance come almost second nature to him—could also be his biggest liability as he strains to remake the tarnished image of the state he has governed for the last seven years.
Newsom, with his smooth-talking, rapid-fire responses and his attempt to out-Trump Trump on social media aggression, is everything Kamala Harris wasn’t in 2024. But neither Californian can easily shake the biggest millstone dragging down their White House ambitions. Their failed progressive policies have sullied the Golden State’s image, driving up prices, homelessness, and mismanagement. The failures have not only driven citizens away but are also likely to turn off voters in swing battleground districts as well.
California’s failures weren’t Harris’ biggest weakness in 2024—her word salads were. But the Golden State’s downward spiral was a close second.
As wildfire victims held vigils and prayer circles on the anniversary of the devastating Palisades and Eaton fires, Newsom on Thursday attempted to flip the script on California’s role as a GOP punchline.
In his final State of the State address after years of releasing videotaped remarks, Newsom cast Trump’s control of Washington as a “carnival of chaos” amid the Democratic furor over an ICE agent shooting and killing a woman in Minnesota. He then positioned California as a “beacon” of fairness and resistance to Trump’s heavy-handed rule.
Addressing the California legislature, which had just observed a moment of silence for the slain Minnesota woman, Renee Nicole Good, Newsom repeatedly pointed to Trump as a power-hungry threat to democracy who abused his power to call in the National Guard to quell unrest over ICE arrests and raids.
“The president believes that might makes right, that the courts are simply speed bumps, not stops. That democracy is a nuisance to be circumvented. Secret police, businesses being raided, windows smashed, citizens detained, citizens shot, masked men snatching people in broad daylight, people disappearing,” Newsom charged.
“None of this is normal,” he added.
After throwing out the red meat for the Democratic base, Newsom then set out to normalize California’s dizzying array of failures under his watch.
“The state is providing a different narrative—an operational model, a policy blueprint for others to follow,” he told state lawmakers.
Newsom’s defiant defense of his state as a shining example for others to emulate may come as a shock for those who haven’t been watching his reinvention as a social media agitator and leader of the national redistricting battle.
But Newsom’s attempt to go on offense on his biggest weakness—his policy failures—was his most audacious and sweeping thus far.
After mimicking Trump’s belligerent social media style, Newsom stole another Trump play, labeling the state’s critics as suffering from “California Derangement Syndrome,” a revision of the “Trump Derangement Syndrome,” which MAGA deploys to brush off condemnation.
“The declinists,” the pundits and conservative critics, simply don’t know the updated facts, Newsom asserted, arguing that they are working to “tear down, to try to attack all of our progress.”
Early data for 2025, he said, indicate a 9% decline in homelessness, the first drop after an explosion of unsheltered people in California. He failed to mention that from 2019 to 2024, under his watch, homelessness rose to 188,000, a net increase of 37,000, or 24%, even though the state spent roughly $24 billion trying to curb it.
“So, our investments paid off,” he claimed without an explanation.
Newsom acknowledged that the decline was “not good enough,” and more work needs to be done as long as big homeless encampments still exist in major cities around the state. He failed to mention the high number of homelessness deaths across the state that could be contributing to the 9% decline, as well as the danger of allowing any encampments to remain.
Just hours after the speech, a fire at a homeless camp in a Los Angeles suburb broke out, the second in the last two weeks.
Newsom also claimed credit for “double-digit decreases in crime” across California, without acknowledging that those figures are still higher than pre-pandemic levels in some areas and that property crime continues to plague major cities such as San Francisco and Los Angeles.
While touting minor California successes, he often followed up by acknowledging that there is still “work to do” when it comes to bringing down housing costs, overall “affordability,” lowering crime rates, and improving fire insurance coverage.
Though he noted that he had debated whether or not to mention high-speed rail, another frequent target for fiscal conservative attacks, he hailed the $13.8 billion spent so far and progress on projects in the state’s agricultural Central Valley as one of the “great economic investments” in the region. Those lines, he said, “will make commute times shorter and make life more affordable.” He failed to mention that the project was launched in 2008, and more than 17 years later, no trains are running.
Newsom even touted California’s status as having the highest taxes of any state in the country, stressing that Democrats in the state had designed the most “progressive” system in the country, which he argued is far fairer for middle-class and low-wage earners.
“So, the question to all of you—who are the high-tax states? Just consider Texas. Just consider Florida, the two most regressive tax states in America,” Newsom said. “They’re hammering their low-income earners. They’re hammering them more than their wealthiest. Who are the high-tax states? California stands for fairness.”
California Republican Party Chairwoman Corrin Rankin, responding to the address, cast Newsom as not only out of touch but also deranged.
“Governor Newsom told Californians that homelessness is down, crime is at record lows, schools are improving, and Los Angeles is recovering after the Palisades fires,” she said.
“Governor Newsom painted a picture of a California that exists in his imagination.”
Rep. Kevin Kiley, a Republican representing parts of Sacramento in Congress, assailed the address as pure gaslighting.
“For once, Newsom is right,” he said.
“California has led the nation during his tenure in homelessness, unemployment, poverty, illiteracy, gas prices, electricity costs, debt, and outmigration. That is the true state of our state.”
Kiley also provided a preview of the conservative line of attack that could haunt the governor leading into the 2028 presidential race.
“California, also, of course, leads the nation in fraud … Minnesota’s fraud scandals have just ended Tim Walz’s political career,” Kiley said.
“California’s should likewise end Gavin Newsom’s.”
Tyler Durden
Mon, 01/19/2026 - 17:10 Close