"We’re not dealing with a government that exists to serve its people, protect their liberties and ensure their happiness. Rather, these are the diabolical machinations of a make-works program carried out on an epic scale whose only purpose is to keep the powers-that-be permanently (and profitably) employed." Continue reading →
"The new proposal would treat all 401(k) and traditional IRA contributions as if they were Roth IRA contributions. You’d lose the tax exclusion of those contributions, but your future 401(k)/IRA earnings and appreciation would be tax-free. Some think this could raise $1.5 trillion in additional tax revenue over the next decade, making the corporate tax slash feasible. Unless they decide to tax retirement earnings and appreciation too." Continue reading →
"The worst part of Venezuela’s tragedy is that it was so obviously predictable. Economists familiar with the work of Ludwig von Mises understood the necessary results of socialist policies. A sound money and freely floating prices provide a society with functioning markets that deliver the goods to the people. The market economy is true populism." Continue reading →
"There's just something about uniforms that garner an almost naïve trust. People trust uniforms. Most of us obey the word of those clad in uniforms to an almost Stanford Prison Experiment-esque degree." Continue reading →
"Microsoft references the WannaCry ransomware's source as an vulnerability known by the NSA, noting that similar security holes were revealed on WikiLeaks in documents stolen from the CIA. It says that the governments of the world should treat the WannaCry attack as 'a wake-up call,' to consider the 'damage to civilians that comes from hoarding these vulnerabilities and the use of these exploits,' and to adopt the 'Digital Geneva Convention' the company first suggested in February. That Convention would have a new stipulation, too: 'a new requirement for governments to report vulnerabilities to vendors, rather than stockpile, sell, or exploit them.'" Continue reading →
"UK hospitals have effectively shut down and are turning away non-emergency patients after ransomware ransacked its networks. Doctors have been reduced to using pen and paper, and closing A&E to non-critical patients, amid the tech blackout. The security hole has been patched for modern Windows versions, but not WindowsXP – and the NHS is a massive user of the legacy operating system." Continue reading →
"The Supreme Court’s decision means that the coins will remain the property of the federal government and will not be returned to the Langbord family, which reportedly discovered the 10 coins in a family safe deposit box in 2003. The family — Joan Langbord and her sons, Roy and David — turned them over to the United States Mint in 2004 for authentication. Mint officials informed the family in 2005 that it was keeping the coins. A legal battle over ownership ensued, with both parties to the suit at different points being awarded the coins." Continue reading →
"Tens of thousands of kids are abducted in China every year and are either sold to foster parents or to more sinister individuals who'd use them for prostitution or child slavery. Baobeihuijia was created to reunite families torn apart by those abductions. For years, its volunteers would painstakingly compare images uploaded by parents against those uploaded by people looking for their families or by concerned citizens one by one. This March, though, Baidu offered the group its cross-age facial recognition technology, which it's been testing since November last year." Continue reading →
"Here’s a short story about how I became a real American: Someone whose debt is gonna take a few years to pay off. 28 months by current count." Continue reading →
"War makes murderers out of otherwise decent people. All wars, and all decent people." Continue reading →