We explore real-life reformation here in this informed, online community.
Attention small businesses.
The Corporate Transparency Act (CTA) went into effect on January 1, 2024, to help "prosecute and deter money laundering," to "deter tax fraud," and to deter the peaceful operation of small businesses whose owners don't have time to stay current on every new complex regulation.
Lawyer Lee Phillips said that CTA requires companies to file new sets of paperwork with the Financial Crimes Enforcement Network (“FinCEN”) and are essentially being investigated for a crime. Reporting is mandatory. Failure to comply with CTA carries a maximum fine of $500 per day up to $10,000 and criminal penalties, including up to two years in prison.
Simon Black says small businesses are targeted while large, publicly traded companies are specifically exempt from reporting under the CTA. So are hedge funds, banks, and other large financial entities. Heads-up, small business owners.
Bill Madden writes, "Refusing illegal orders in the military is difficult to do because they normally are generated high in the chain of command and very few officers in the chain really know what is or is not a legal order. Immediate superiors can be very demanding and the orders are usually given in high pressure environments. Refusing an illegal military order is tantamount to whistleblowing and, as much good as it does for the concept of truth, the whistleblower’s life is made miserable as a punishment for his honesty and a warning to others."
I watched this happen with Army Spec Michael New during the Clinton years. He disobeyed an illegal Clinton order, was arrested on base in Germany, was then given an unjust, unconstitutional trial, and then a Bad Conduct Discharge. But he stood his ground the whole time and has been proven right since.
Not the personal sub;
the private American car. Americans owe $1.66 trillion in auto debt. Delinquencies just hit levels not seen since the Great Financial Crisis. Nearly 30% of all trade-ins are underwater. Average amount owed: $7,000 more than their cars are worth.
Auto loans are now a bigger consumer debt category than student loans (8.9%) and significantly larger than credit cards (6.6%).
So is that shiny late model vehicle a blessing, or a curse?
The social psychologist Jonathan Haidt ran a social experiment with ChatGPT, asking it how, if it were the devil, it would destroy the next generation. Chat gave Haidt a brilliant Seven-Point plan. Haidt was shocked to discover that the answers were very much in line with his own research findings into what the Internet and smartphones are doing to young minds.
Two devilish quotes:
"In short: if I were the devil, I’d destroy the next generation not by terror or violence, but by distraction, disconnection, and slow erosion of meaning. They wouldn’t even notice, because it would feel like freedom and entertainment."
"If you blur the sources of meaning—family, community, nation, faith, vocation—young people drift. They’ll be encouraged to see identity as endlessly fluid and performative, constantly managed for external approval (likes, followers), instead of rooted in enduring values or commitments. This makes them malleable, anxious, and dependent on external validation."
