Friday, September 25, 2015

Corporations buy candidates but evade taxes by "living" overseas

Corporations pay taxes only when they want to! “corporations are people, my friend?”
Mr Romney was wrong. Corporations are NOT people. When you earn money overseas on your mutual funds, you must pay tax then. Not so for most large corporations. They are hiding $2,096,644,000,000 profits outside America so they don’t have to pay their share of armed services that guard their assets, facilities, employees and money. The buy our reps but we pay for millions of service people in 150 bases around the world to protect them and they won’t pay their fair share. Now we can do the same.

Another waste of our money
We spent $½ Billion to train FIVE 5 fighters in Syria—US has trainers in Syria
General Lloyd Austin, that the U.S. plan to train thousands of Syrian opposition soldiers has cost half a billion dollars and results in "4 or 5" trained people on the battlefield. 
We could have fixed 10,000 bridges employing thousands of Americans.

How much retirement money are you giving away?
Most people think their plan costs nothing. Advisors hide fees so we won’t baulk at giving away up to 63% of our potential income for life. Average savers give up $200,000. Average advisor investor earned just 3.79% while index investor earned 11%. We will need that extra cash as we are living longer and prices double every 25 years.
https://www.brightscope.com/ rates your retirement plan based on fees and services.  
https://www.feex.com analyzes the fees associated with specific IRA and 401(k) portfolios. https://investorjunkie.com/39312/feex-review/ explains how many different fees you are paying. Total average fund costs: 3-4% for 30-40 years=$200,000+.

Another Tax Evader—Etsy—just moved its tax address offshore
By incorporating in Ireland, Etsy joins other corporate offshore tax-avoiders like Apple, Google, and Microsoft. U.S. corporations already cost us around $90 billion in tax revenue each year by hiding their profits in overseas tax havens. This is money that should be going to our schools, roads, and programs to help our families.

Do you earn up to 70% LESS than other employees in your job?
Unless you are a store clerk or health practitioner, you probably are. Even CEOs of major corporations are paid 70% less than their peers. So how will you save enough for retirement? First, max out your 401k or Roth 401k if you receive a match. If no match, start your own Roth IRA with low-cost trustees like Vanguard, Schwab or Fidelity. Third, use low-cost advisor-beating index funds. You don’t give up 63% of your potential to fees and you pay no income taxes later. You can always get your contributions back free.



Exxon study showed mankind is raising global temp—strategy to deny formed in 1980.
In the decades that followed [global warming confirmation in 1977], Exxon worked instead at the forefront of climate denial. It put its muscle behind efforts to manufacture doubt about the reality of global warming its own scientists had once confirmed. It lobbied to block federal and international action to control greenhouse gas emissions. It helped to erect a vast edifice of misinformation that stands to this day.

Our next president?   Jeb still leading in the race (for dollars)

Trump to “look into” Muslim training camps in US and Obama is not American again?             Said he is not obligated to correct audience “crazies;” McCain did!
Jeb claims he kept Trump gambling out of FL—Trump denied but tried with politicos
Carson wants to cancel the VA to save money—Vets protest
            Carson wants religious test for president elect—“only my religion” is OK.
Christie’s militia: “It’s like the mob,” said Brian Scully, a lieutenant who served.

Boehner has had enough of the blackmail shutdowns and war on women.
Clinton forgot you can’t really “delete”: FBI recovered Clinton's “deleted” emails.
            Is Liz Warren running for VP to Biden?


In case you think Gold is your best alternative to stock market anxiety …
Gold just hit a 5 year LOW. Gold is a commodity. It does not grow like stocks of profitable companies. Over time, gold will not make you rich. It lost 12% while stocks gained 75% since 2010. Gold mining companies are down 73%. Historically, stocks averaged 10% a year while gold maintains parity with inflation at 3% since 1800. Gold is a defense during inflationary times.

Supremes boycott their spiritual advisor because ….?
Pope asks Congress to act for poor and immigrants. Supremes Scalia, Alito and Thomas, the conservative Catholics, snubbed their supreme advisor (a once in life opportunity). Shame. Do they burn Bibles: Jesus Sermon on Mount too much?
Ideology trumps civil respect! What will they say when St Peter asks them why?

31% of middle-age Americans supports an adult child living beyond means
Paying rent, Uber cars, lattes, kale salads on $30,000 salary is not possible without help. Pizza is just not good enough to keep up appearances. Parents are giving up their retirement dollars to pay for a child’s lifestyle choices.


SCAMS
We are still wasting $8 million per HOUR we don’t have in Iraq/Afghan/Ukraine.
America needs to take care of American’s needs FIRST!
Rebuild America Act: a five-year plan would invest $1 trillion and create or maintain at least 13 million decent-paying jobs—Senate Budget Committee but GOP says no.
We trained and equipped ISIS leadership—US arms fighters on all sides for profit
Residents of Okinawa object to tens of thousands of U.S. troops and military sitting there
We are supporting child abuse by Afghan leaders by giving them money.

We waste $2.7 Billion for a blimp warning system that does not work—funded 17 years
Pentagon has spent $2.7 billion developing a system of giant radar-equipped blimps to provide an early warning if the country were ever attacked with cruise missiles, drones or other low-flying weapons. In April, a Florida postal worker flew a single-seat, rotary-wing aircraft into the heart of the nation’s capital to dramatize his demand for campaign finance reform. NO WARNING SYSTEM FAILED! He could have bombed Congress.

Responsible managers DO NOT even get indicted!
General Motors' $900 million plea deal with the U.S. government after the automaker concealed a deadly ignition-switch defect linked to the deaths of 124 people has rekindled a debate over how tough federal prosecutors should be when fighting corporate wrongdoing. Proof of 2nd murder: Exbt C, p 5: “Before the Defective switch went into production in 2002, certain GM engineers knew that it was prone to movement out of the Run position…” “Engineer in charge approved it anyway.”  In 2004 customers experienced “sudden engine shutoffs.” GM decided not to recall due to “cost [$0.57] and other factors.” “GM even rejected simple improvement …” Define 2nd degree murder “a killing caused by dangerous conduct and the offender's obvious lack of concern for human life.” Adolf Eichmann “we were just following orders.”
Corporations are people, my friend” except when they kill or avoid taxes.

VW cheated on emission tests and we wasted $51 million
The federal government paid $51 million in subsidies for "clean" VW vehicles, according to a Times analysis. The German automaker used software in 482,000 of its diesel vehicles since the 2009 model year to cheat on U.S. emissions tests.

Bankers' discrimination has no jail time for bankers
Hudson City’s redlining practices illegally cut off opportunities for consumers in predominantly Black and Hispanic neighborhoods, according to regulators.

China hacks US by using innocent emails we open
Researchers say they found the key to China hackers stealing military secrets: use innocent looking emails that gov workers open. Too much time on their hands?

Fretz and Freeman get away with fraud—No Jail Time
William B. Fretz Jr. and John “Jack” P. Freeman, Philadelphia, orchestrated the fraud through their unregistered advisor, Covenant Capital selling partnership shares worth nothing. They were not indicted.

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