Friday, August 7, 2015
Koch Bros: America is "welfare for the rich"
Koch Bros believes
America is built on “welfare for the rich”
“I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished," Charles Koch wrote. He claims he has “spent decades opposing cronyism and all political favors, including mandates, subsidies and protective tariffs.” Yet the Koch Brothers have relied on $88 million worth of government subsidies (our taxes) for years and pay $ millions for elections to keep subsidies. They oppose cleaning up the environment they profit from while they destroy it!
Are you losing 63% of your retirement earnings to Wall Street?
How much of your retirement are you giving away?
Costs matter: Broker/advisor/trading cost 1% to 3% every year.
If you use a salesperson, costs can take HALF your money!
$3,000 per year @11% for 33 years = $1,018,177
$3,000 per year @11-1% for 33 years = $778,768
$3,000 per year @11-2% for 33 years = $613,805
$3,000 per year @11-3% for 33 years = $486,634
Compounding the average market returns of 11% is what turns your $3,000 a year ($99,000) into $1 million over time. No tax when you use an IRS tax haven. http://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X
Help for your student in school
Get $2,500 per year for each student during first 4 years. 40% is refundable so you get up to $1,000 even if you do not owe any taxes. Or get $2,000 credit on your tax return for a lifetime of education—even adults can take it every year. Must be legit school and expenses so check http://www.irs.gov/uac/Am-I-Eligible-to-Claim-an-Education-Credit%3F. Also deduct student loan interest up to $2,500 a year. Parents or child can take credits so check out both ways http://www.irs.gov/Individuals/Education-Credits-AOTC-LLC Keep receipts for expenses for school.
Perfect gift for your grandchild
$1,000,000 costs you only $16,000 when you use Compounded Cash over time. Invest $16,000 by age 25 and let it grow to $1 million. See what it looks like at saferchild.org/power/. http://www.amazon.com/Compounded-Cash-Save-your-Self-Funded/dp/1515066096
reality TV show—“you just can’t make this stuff up”
Debate summary 10 of the best GOP have “debated”—compare 12 Angry Men: the bigot, racist, sadist, flip-floper, stockbroker, marketer, immigrant, working poor, bleeding-heart, senior, businessman, and architect. GOP candidates positions in own words, just to be accurate. Carson called for 10% income tax and Huck wanted sales tax (VAT in Europe) to replace income tax is a GOP standard. http://time.com/3988276/republican-debate-primetime-transcript-full-text/
Ronald Reagan to Obama: “Just don’t sell Iran arms under the table like I did.”
GOP wants war but …
Robert Gates, who led the CIA under George H.W. Bush before becoming George W. Bush and Barack Obama’s defense secretary, has said bombing Iran could prove a “catastrophe,” and that Iran’s “capacity to wage a series of terror attacks across the Middle East aimed at us and our friends, and dramatically worsen the situation in Iraq, Afghanistan, Lebanon and elsewhere is hard to overestimate.”
Meir Dagan, who led
external spy service, the Mossad, from 2002 to 2011, has
warned that an attack on Iran
“would mean regional war, and in that case you would have given Iran
the best possible reason to continue the nuclear program.”
In the aftermath of a military strike, he added, “The regional challenge that
would face would be impossible.”
Bush wants to cut women’s health funding: "I'm not sure we need half a billion dollars for women's health issues." Liz Warren shames GOP on women—back to the ‘50s?
Americans respond with donations to Planned Parenthood despite Congressmen!
Christie PAC gets paid for Christie deal to take $225 m instead of $9 billion from Exxon.
He is booed by 60,000 at Monmouth park as gives Pharoah a trophy. He still thinks boo means voters want him to stay on as Gov and punch teachers in nose and end SS as we know it.
Last weekend, Koch Industries got the rich together to decide how the GOP will win in 2016. Donors are secret, so foreign countries could be deciding our next Pres.
Follow the money: Election scorecard Bush vs Clinton ($ millions)
Study illustrates that the rich and powerful influence policy more than voters. Citizen’s United decision just made it legal to buy elections, like the Bush coronation in 2000. (The votes were not counted. If they had counted them,
could have avoided 2 wars, 2 tax cuts
that raised deficit by $8-10
TX voter ID law violates our civil right to vote, court says
GOP strategy to keep DEMs from voting took a blow. TX can’t keep voters from voting based on new forms of ID and regs.
GOP to get Supremes to SUPPORT global warming for planet via lawsuit
Obama will use lower emission rules as leverage with other big economies —
South Africa, Indonesia.
Our rules could make America
a leader again … except for 5 old men. GOP
tells states to ignore Pres request for plans. “Sue to stop him”
Shopping for health insurance becomes normal
State-based marketplaces were overall quite successful in retaining enrollees, however, a large number of consumers shopping within the marketplace during 2015 open enrollment decided to switch plans based on the price of services offered. You can save by shopping just like buying a TV. Plans and doctors change in this new world. Even business owners can shop at https://www.healthcare.gov/small-businesses/provide-shop-coverage/ You may still be able to buy at https://www.healthcare.gov/screener/
Buy only what you need: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
Is it time to cancel your PMI?
Drop it when you have paid 20% of your home value as defined in this rule. http://files.consumerfinance.gov/f/201508_cfpb_compliance-bulletin_private-mortgage-insurance-cancellation-and-termination.pdf Since the HPA applies only to residential mortgage loans consummated on or after
July 29, 1999,
standard 30-year mortgage loans would not have started becoming eligible for
final PMI termination under this provision until August 2014. Better ask your
servicer for the exact date you can cancel.
Your good credit score can CUT your car insurance cost in HALF
CR tested 2 billion rate quotes and found a poor score can double your costs. See your state for best firms: http://www.consumerreports.org/cro/car-insurance/credit-scores-affect-auto-insurance-rates/index.htm#creditmap Shop for ALL your discounts to lower premium every 2 years: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Need your income tax information for loan, school, home?
Get return transcript by mail at http://www.irs.gov/Individuals/Get-Transcript
You need your Social Security number, date of birth, and address from your latest tax return.
Your tax refund can be worth $500,000 later when you need it
Yes, your refund, averaging $3,116, can grow to half a million dollars by compounding simple market index returns and not paying Wall Street a fee every year. According to Dalbar’s QAIB study, index investors using low cost providers earned 11% per year since 1983. Investors using Wall Street earned just 3.79% and over time will give up 63% of their potential nest egg. You don’t need to pay for success anymore. Start with $9 a day today! It is your money so keep all your earnings: http://www.amazon.com/The-Pimps-Wall-Street-middlemen/dp/151525254X
Did your bank reject your mortgage modification too?
New report says banks blame “do not qualify” on customers and customers say “paperwork is lost or misplaced often.” Delaying a borrower’s loan modification request can be profitable for a bank.” Courts agree. Like health insurers, delay, delay delay just wears us out and we quit trying to get what we deserve. Regulators wash hands with bank notes.
CR tested 4 robo call blockers
One works well and is FREE: it blocks 10 calls a day for us.
3-D printing Drugs now?
The Food and Drug Administration has approved the first prescription drug made through 3-D printing: a dissolvable tablet that treats seizures. They still charge a lot.
Stoners are OK
With years of research and observation, scientists have finally figured out that the chronic and prolonged use of marijuana by the young people is NOT not related to any sort of health conditions. Toke?
Religious sacrifice in FL?
Investigators in the Florida Panhandle are looking into the deaths of a woman and her two adult sons as a ritualistic killing that could be connected to the recent blue moon.
IRS has documented more than 4,000 tax scam victims who have collectively reported over $20 million in financial losses. IRS says “think twice before answering suspicious phone calls, emails or letters.” Scammers pose as IRS agents with fake caller IDs, badge numbers, titles, letterhead, mailing address, etc to get paid. They threaten police arrest, deportation, license revocation, etc. Confirm you owe at Treasury Inspector General for Tax Administration (TIGTA) at 1-800-366-4484.
Can we afford to keep paying $700 Billion a year for WWII deployments? That is 27 cents of each dollar in taxes—the largest part of our money—and we aren’t even at war. We could pay off our debts and fix our schools, roads and bridges! We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in
in Japan . Germany
We are spending $8 million per HOUR on our wars in Iraq/Afgan
The War on Terror requires special forces attacks on top terrorists at their homes like Obama’s al-Amr May14 Abu kill.
converting a nation to Western-style republic doesn’t work. The
troops we trained ran away, left our stuff. Training and more stuff for
Saddam army now ISIS. We are wasting
$4 billion a year on Afgan
tribal rivalries; paying ransom to Al Qaeda; supporting corruption with our
We are building another military base for Japan at Henoko. Air Force Gen. Ronald Fogelman admitted that the Marines “serve no military function there. They don’t need to be in Okinawa to meet any time line in any war plan.”
Are we preparing for WWII again? There are 1,208,083 armed personnel in the
Our taxes pay for about HALF of the WORLD’s military expenditures every
year. We have wasted $398.6 billion so far on the
F-35 program—they can’t
We just can’t afford to pay for everyone else’s defenses anymore.
We are now training Ukrainians in Ukraine—
Afghanistan started the same way—just training, and then guarding trainers, then supply trainers, then supply U.S.-built Stinger antiaircraft missile to the mujahideen, and eventually $200 million for fiscal year 1992 alone. $4 million/hour- $778 billions so far.
Fiat profit up 69% but at Jeep and Ram customer expense—sells Ferrari
23 recalls covering more than 11 million vehicles caused record fines of $105 million (not counted in profits). Ferrari follows Porsche for SUV success!?! Image?
Regulators find NDG Enterprise Collected Money Illegally and wants payday loans back.
Wells to hold your money
Advisors at Wells Fargo will stop transactions where they suspect elder fraud even if they don’t have the legal authority, company managing counsel Beverly Jo Slaughter said Thursday. “We try to be creative,” she said.
Wells Fargo fined $500,000 for not telling the whole story
Wells to give back $242,000 to 66 customers who lost money in “structured repackaged asset-backed trust securities” (STRATS), which paid a variable interest rate from 3 to 8 percent. Sales did not disclose the fact that investors could lose money because of termination fees.
41 Watchung Plaza, B242