AGREED:

UNEXPECTEDLY! Khanna reveals the billionaire tax is just the beginning.

Last week, Khanna confirmed that the “billionaire tax” is just the start and that they will go on to target the wealth of other citizens as an untapped resource of new revenue.

For years, some of us have warned that the billionaire tax was a ruse. Sponsors like Sen. Elizabeth Warren and Khanna were using billionaires as an easy political target, but they were unlikely to stop there.

That is precisely what Khanna finally admitted last week in a Substack post, arguing that “the tax should not stop at billionaires; it must reach centimillionaires. The tax has to reach all fortunes $50 million and up.”

If they can pack the Court and greenlight a billionaire tax, there would be no limit to then moving the threshold wealth level downward. Once that Rubicon is crossed, Democrats would suddenly be able to tax trillions in the property and possessions of citizens.

And then it’s all over. Nobody owns anything, except by someone else’s favor.

Vote as though your life, liberty, and property depend upon it — because they do.

THIS IS WHAT WE’RE SUPPOSED TO CELEBRATE?

IT WOULD TAKE A HEART OF STONE NOT TO LAUGH: NY sees dramatic exodus of millionaires — causing nearly $11B loss in tax revenue.

New York’s share of US millionaires dramatically declined in recent years, causing a nearly $11 billion loss in much-needed tax revenue in just one year, according to a bombshell new analysis.

The study released Monday by the Citizen Budget Commission showed the Empire State’s share of the nation’s millionaires dipped from 12.7% to 8.7% between 2010 and 2022 – the largest decline of any state.

“New York’s declining share of high-income taxpayers has meaningful consequences,” the analysis states.

“Had New York maintained its share of the nation’s millionaires over the past decade, personal income tax collections would have been substantially higher – roughly $10.7 billion more in tax year 2022.”

The study comes amid fears that Mayor Zohran Mamdani’s push to “tax the rich” will drive even more wealthy out of New York City – and provides an at-times disquieting snapshot of stagnation gripping the Empire State for years before the young socialist took office.

I had been assured that Other People’s Money was an unlimited resource.

Since the trend predates Mamdani, it makes you wonder how bad things will get once he really gets the city on the path to True Communism.

YES:

HEH: CNBC’s Woke ‘Worst States’ List Accidentally Makes Red America Look Great. “Other than crime rates, which most often occur in red-state cities, which are the bluest areas of said states, the criteria for ‘quality of life’ that CNBC uses are woke as a joke. Environmentalism, free healthcare, unions, and prioritizing the rainbow are what CNBC looked at.”

I miss living in a red state — and I didn’t even move.

IT BOGGLES THE MIND THAT THEY EVER COULD BORROW MONEY: Trump regulators move to curtail lending to undocumented immigrants.

In new guidance, regulators said that undocumented immigrants may present an “elevated credit risk” and warned banks to account for the risk that they may lose their job or be deported as they underwrite new loans.

Financial institutions, the guidance says, should take into account that a customer’s status as an unauthorized immigrant may pose a risk to their ability to repay credit cards, mortgages, auto loans or other loans.

The guidance also says that financial institutions “might consider” requiring customers to provide “evidence of continuing work authorization,” among other documentation, as part of their assessment of a customer’s ability to repay a loan.

How about, “You aren’t here legally, no money.”

THE NEEDS OF THE PARTY ARE SUBJECT TO CHANGE, COMRADE:

I guess Whoopi’s distinction between “rape” and “rape-rape” is out of favor. Until it’s needed again, of course.

KRUISER’S MORNING BRIEFING: Mamdani Bum-Rushes NYC Voters Into Their ‘FO’ Phase. “A commie infused with and fueled by ignorant youthful zeal is the worst kind of commie. Zohran Mamdani is the worst kind of commie. He’s not keeping it a secret, either. There are days that I swear he’s determined to prove that conservatives were right about him as quickly as he can.”

THE PEOPLE BLATHERING ABOUT “MUH DEMOCRACY” ARE THE SAME ONES CREATING UNWANTED LITTLE SOMALIAS ALL OVER THE PLACE:

THESE GUYS SAY A LOT OF THINGS: Former Iranian commander says Tehran could target Trump inside the White House.

A former senior commander in Iran’s Islamic Revolutionary Guard Corps (IRGC) has issued an unusual direct threat against US President Donald Trump, saying the Islamic Republic is capable of harming him even inside the White House.

Hossein Kanani Moghaddam, a former IRGC commander, told the Iranian news website Fararu: “If the goal is to assassinate Trump, the Islamic Republic can easily do so in the White House. Whenever necessary, we are capable of doing that.”

Alongside the threat, Kanani Moghaddam also commented on talks between Tehran and Washington, saying that, from Iran’s perspective, the negotiations are not aimed at reaching a peace agreement.

You’d think they’d have done it by now.

And nobody has seen or heard Emergency Backup Ayatollah Mojtaba Khamenei in public since the fighting began on Feb. 28.

DISPATCHES FROM THE BLUE ZONES:

From the article:

Shame has worked for as long as people have lived next to each other. The neighbor who saw you do it and told your mother. The coach who sat you on the bench in front of the whole team. The look on your mom’s face when the store manager walked you back to the register. It wasn’t the jail cell that kept most people honest. It was the idea that the people around you would know, and that knowing would cost you something you couldn’t buy back.

We decided that was cruel, at least in Washington. And now we lead the nation in shoplifting.

But a 33-officer police department in Bonney Lake decided to stop just accepting it. What they’re doing costs nothing, it’s working, and almost nobody else in the state is bothering.

It isn’t as though what works is any great mystery.

FILL’ER UP: China’s Looming Oil Import Rebound Threatens to Jolt a Market Already Rattled by Hormuz. “Supertanker tracking data indicates China is poised to significantly boost crude imports, with 65 VLCCs bound for its ports over the next 90 days, the highest count since mid-May. This demand rebound threatens to collide with a structurally constrained supply picture as the Strait of Hormuz remains far from normal operations following U.S.-Iran military exchanges. Brent crude surged 3.5% above $78 on renewed strait tensions, while analysts warn that depleted strategic reserves in both the U.S. and China leave little buffer against a simultaneous supply shock and demand surge. Experts anticipate Chinese refiners, enjoying strong margins, will restart idled capacity by late August, potentially pushing prices toward $90 a barrel and complicating the Trump administration’s efforts to keep fuel costs low before the November midterm elections.”

Meanwhile: Trump says US will blockade Iran in the Strait of Hormuz and charge ships for safe passage.