"Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle. The real extent of this state of misinformation is known only to those who are in situations to confront facts within their knowledge with the lies of the day. I really look with commiseration over the great body of my fellow citizens, who, reading newspapers, live and die in the belief that they have known something of what has been passing in the world." -- Thomas Jefferson
Posted by Tyler Durden; Authored by Bryan Hyde via American Greatness,
A new report published by the Foundation for Government Accountability (FGA) shows federal taxpayers are losing up to $521 billion annually to fraud and improper payments.
Los Angeles voters approved Measure ULA in 2022. The law adds a real estate transfer tax on sales above about $5.3 million to fund housing and homelessness programs. The city’s housing department says most revenue flows to an affordable housing program, plus preservation and prevention efforts. Supporters say the measure raised more than $1 billion, which they hail as a major win for tenant aid and future construction. Those dollars, however, must still turn into homes people can live in.
California’s Proposition 40 would create a one-time, five percent tax on the net worth of individuals with at least one billion dollars who were residents on January 1, 2026. The Legislative Analyst’s Office says the measure targets billionaire wealth rather than income, and frames it as a single assessment, not a recurring levy. Supporters pitch the revenue for health care and related services. The ballot analysis sets the basic rules and timing for who pays and when, and confirms the five percent rate.