Pay No Attention to the Woman Behind the Curtain

That’s the mantra of Progressive-Democrats, who are enthusiastically supportive of President Joe Biden’s (D) nominee for Comptroller of the Currency, Saule Omarova.

Ms Omarova wants to put an “‘end to banking’ as we know it”—again, her words—and transfer private banking functions to the Federal Reserve, where accounts would “fully replace” private bank deposits. The Fed would control “systemically important prices” for fuel, food, raw materials, metals, natural resources, home prices and wages.

And, she says

the Fed should be remade into what she calls “The People’s Ledger.”

And

She calls for “reimagining” the role of central banks “as the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.”

But ignore those calls for Soviet finance controls. She’s the lady the Progressive-Democrats want to inflict on us.

Shut up about that flapping curtain; vote her up.

Invasive IRS

In an exchange between Wyoming Senator Cynthia Lummis (R) and Treasury Secretary Janet Yellen that occurred during Tuesday’s Senate Banking Committee hearing, Lummis decried Yellen’s proposal to have banks report to the IRS the (allegedly aggregated) “inflows” and “outflows” to/from all accounts larger than $600.

Yellen’s response was to describe the already extensive invasion of personal financial data the IRS demands and to pooh pooh the added reporting because it’s only two additional pieces of easily ascertained information onto the 1099-INT form.

And:

the IRS has a wealth of information about individuals if you work at a job where you get labor income

Invasion, isn’t enough, though. Yellen added that Government has a $7 trillion tax gap between what Government will collect in taxes and what folks allegedly will owe over “the next decade.”

…there are a class of partnerships, businesses, high-income individuals who have opaque sources of income that the IRS doesn’t have direct information about, and that’s where the tax gap is, not low-income people.

Yellen then justified the $600 threshold with this—and she actually was serious:

so that individuals can’t game the system and have multiple accounts.

Sure. Because a family with a $400,000 annual income—President Joe Biden’s (D) threshold for being Evil Rich—is going to set up 650+ bank accounts just to hide that. Or a business in a cash-intensive industry—bars, restaurants, construction companies, et al.—are going to incur the added expense of setting up myriads of $600 accounts in order to disguise their finances.

This is the cynicism of the Biden-Harris administration regarding us average Americans.

Pope Francis, Communion, and Abortion

This is a subject into which I’m going to poke my Protestant nose, which may be a symptom of my own sin of arrogance, but there it is.

Pope Francis insists that communion is a gift to all of us, not a prize for the perfect. He also says,

What must the pastor do? Be a pastor; don’t go condemning. Be a pastor, because he is a pastor also for the excommunicated.

He’s right, too, as far as he goes.

He also emphasizes

Whoever has an abortion kills. It is a human life. This human life must be respected—this principle is so clear.

He’s right here, too.

But while communion is for us sinners, including the excommunicated, for us who truly try to do better, who truly try to repent for our past failures, can it really be for those don’t bother, for those who reject the Church’s teachings outright?

It seems to me that those latter have taken themselves out of the church [sic] altogether. It’s not so much that they should be, or are, denied communion; they’ve made themselves ineligible for it.

And so it is for those who claim to be anti-abortion personally but fine with abortion for others. That strikes me as an especially grievous example of a sin of hypocrisy.

Bishop Michael Olson of the Ft Worth, Tx, Diocese:

He [Pope Francis] wants us to be pastors, and we also want to be pastors. But a pastor is not just a mascot for one’s private point of view.

Big Tech, Big Brother

This time, it’s Tim Cook’s Apple.

In a report released [last] Wednesday, the company argues that allowing users to download apps directly onto their iPhones without having to use Apple’s App Store would harm customers by threatening privacy protections, complicating parental controls and potentially exposing users’ data to ransomware attacks.

Say that’s true. It remains the user’s personal choice to run that risk. It remains the user’s personal responsibility to deal with that risk.

Is Cook denying the personal agency average Americans have in their decisions and in their property?

Or is Cook denying the cell phone user’s own property in the cell phone he bought—often for a thousand dollars—and uses? Is Cook claiming Apple retains primary ownership in that cell phone he “sold” to the user?

In any event, I decline to acknowledge Apple, Inc, or any of its managers as Big Brother.

Privacy—and Trust

Parents of children in the People’s Republic of China have a new “aid.”

ByteDance is peddling a “study lamp” that lets teachers and parents constantly monitor children, ostensibly while the children are doing their schoolwork.

The lamps come equipped with two built-in cameras—one facing the child and another offering a bird’s-eye view from above—letting parents remotely monitor their children when they study. There is a smartphone-sized screen attached to each lamp, which applies artificial intelligence to offer guidance on math problems and difficult words. And parents can hire a human proctor to digitally monitor their children as they study.

What else, though, is ByteDance monitoring, what other data is ByteDance collecting about the kids, the things they’re doing, with whom they’re doing it, parents’ handling of their kids? And passing it on to the PRC’s intelligence community under that 2017 law?

There’s also the question of trust. Not trust in Big Brother—or Uncle Xi—but trust between children and parents, and the ability of children to trust at all. What message are parents sending to their own children when the parents—and other authority figures, known to the children to be there at the parents’ request—insist on being, constantly and immediately, over the kids’ shoulders to be sure those kids are behaving properly? That the kids are fundamentally untrustworthy, maybe? That they’re unworthy in some way?

And there’s the creation of dependency on instant answers.

Some Chinese media outlets and parents have also criticized the idea of placing an interactive touch screen in front of children as they study, warning that the lamp would make children accustomed to seeking easy answers from technology.

And what brave new world for us when ByteDance brings these…devices…to America?