Friday, March 17, 2017

Junk insurance will be the only affordable care under TrumpCare

When TrumpCare becomes law, insurers will be able to charge more; cover less. There will be no standard of care for our premiums. Marketing hype will replace quality.
            “Employers want to be able to tell employees they have something in the area of health insurance,” says David West, Center Changing Workforce. “And most consumers have very little understanding of the details of health insurance until they’re faced with a catastrophic illness.”
GOP: TrumpCare will cut taxes and boost jobs—GOP markets every law that way!
People earning more than $1 million annually would get a $165 billion tax break, Joint Committee on Taxation found. GOP has plans to cut Medicare too: market will determine subsidy and cap your benefits. The Don favors ending Medicaid expansion early so 15 million now covered lose in ‘18. Why are the people affected by TrumpCare, AARP, AMA and AHA against TrumpCare? Trump supporters face the “unintended consequences” of their votes—24 million will lose coverage.

What will you do when GOP tells you buy your own insurance or go without?
If you are earning under $50 an hour will you be able to pay $15,000 to $25,000 to insure your household? If you are employed part time or not able to buy at work, will you be able to afford a stripped-down policy at $2,000 each for your family? Despite what Trump says, you may have access to only 1 policy you can afford and it may not cover a hospital stay or surgery. Half the bankruptcies were medical debt in 2001. This is what Ryan means by “freedom” restored to the health market. But where most people live, there is no “free market” for health care. How can we let 24 million people die early?
Two of my doctors won’t take insurance, and the others are not very good. Millionaire Congressmen pitch “choice” and “competition will reduce the cost of insurance” but in most of America there is no competition. As Romney boasted, “I want to fire my insurer” if I don’t like them. Trump and Congress can afford to do that because we give them outstanding health coverage. Health insurance is like our military defense. Conservative Congressmen do NOT mind paying Lockheed a subsidy for the F-35 fighter program. They pay every over-budget bill from Lockheed even though the bills are a “disgrace.”

Why is keeping all Americans healthy any different? 24 million will die early.

If your advisor seems really giddy, here is why
Trump’s consigliore Bannon and his billionaire team are moving swiftly to return US to the good old days of non-regulated brokerage. Bannon’s “deconstruction of the administrative state” means your advisor can get away with selling you a bad annuity and pocketing 10% or more with no refund for you. Or a high-cost product with returns less than a bank CD. If you buy a derivative, mortgage or otherwise, it may collapse since Dodd-Frank is being disassembled. The commodity regulators and SEC have been cut so there are fewer analysts watching trillions of trades for manipulation. There are fewer IRS auditors for HNW tax shelters and corporate book cookers. There are fewer enforcement acts by FINRA if your broker gets greedy. Trust but verify!

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Advertising to you is how they pay for free credit score and “free” tax prep needs your views to obtain dollars from sellers of financial services and they give you software to file federal and state taxes at no cost. If you need to file a simple return, this is the cheapest way. Usually simple means you have W-2 income and few deductions. The IRS has a topic look up so you can find the answer to your question easier than waiting on the telephone for an operator to answer: Also, you can do your federal online FREE using commercial sites through the IRS These sites charge for a state return. You can also use a local AARP tax aide office: AARP does not discriminate by age or income so they can usually take care of most people. Best tip: deduction for IRA contributions and tax credit up to $2,000 subtracted from tax you owe. Double Your Pleasure. 

How great is The Don’s deal making, really?
Consider all The Don’s foreign building projects when you remember that he had to take his US deals (Taj, Plaza, Trump Air, etc,) to bankruptcy court 6 times. Since the banks are not likely to want to be hosed again, The Don goes to the “bank” of last resort: the mob. He has extensive contacts in Russia at a time when the USSR’s assets and businesses are being taken by “only the strong Ivans survive.” He makes a deal with the notorious Azerbaijani oligarchs tied to Iran’s Revolutionary GuardThe development deal does not go well. His links to oligarchs who launder money and are tied to Iran will not be prosecuted by his own department now but Americans should start questioning who The Don is taking money from and what do they have on him.
There are many wealthy Russian oligarchs The Don has had relationships with over the years and Putin runs many conduits.

You have the opportunity to reduce your taxes just like our President
In 1995, The Don reported that he had lost a $ BILLION in his “great deals” and deducted over $915 million on his return. The IRS code that the rich complain about let him offset his income for that year and 18 more so he probably did NOT pay taxes for many years. His accountant said that many rich take advantage of real estate depreciation and loss offsets to income or NOL as it is known. He did this in the 1970s also. He also stiffed the state of New Jersey $30 million on his casino taxes. You may not have real estate assets or a governor friend, but you can still avoid taxes on your retirement fund. The IRS code provides for a tax shelter for working people so that when you retire, you can avoid all the taxes on your retirement income. Any mutual fund or brokerage firm can provide you with this tax shelter account at no charge. All you have to do is set it up in 1 hour and start investing on a regular basis or if you have a 401k going, convert it to this account over time. This is the best LEGAL tax shelter available. You don’t need an offshore tax shelter like the wealth and corporations to pay less.

Most active-managed mutual funds are “priced to fail”
Mutual fund monitor Morningstar found that manager expenses destroy your returns for most funds. According to Jeffrey Ptak, head of global manager research at Morningstar, active mutual fund fees haven’t fallen as sharply as other investment expenses. As a result, more than two-thirds of U.S. equity funds carry expenses that would wipe out their estimated future pre-fee excess returns. Large-cap US active funds are especially poor performers compared with a low-cost index fund at 0.05%. Trading costs more than it is worth. Even IRA accounts are being structured as active managed accounts with increasing fees. Holding a bunch of large profitable firms over time is cheaper and provides a better average return for investors not managers. Putting all our money in one stock is dangerous since it may be 1 in 500 that fails. Hold the largest 500 firms with half their earnings from overseas is the Buffett’s pick. The Vanguard 500 Index is a Top Ten.

The Don proved that “alternative facts” are NOT facts but B.S.
There is a reason that journalists go to school and work for legit news outlets. The President of the United States made a bold faced LIE using his quick reading of the rant of a crazy person published by his advisor Bannon’s former conspiracy blog, Breitbart that Obama, a sitting President actually illegally wiretapped his phone. Source is radio entertainer Mark Levin. Because President Trump does not understand how to research FACTS—he gets his alt facts from Fox, Breitbart, Info, etc—he made a serious mistake that destroyed his credibility with 75% of Americans and leaders of the rest of the world. His LIE about Obama’s birth was an insult for 5 years. His LIE about his inaugural crowd. His LIE about health coverage for all Americans, his LIE about Mexico paying for The Wall and TODAY his LIE about Obama using Britain to spy on him ruins him. Finally his LIE about no contact with Putin’s men has made the real press his enemy in his narcissistic eye. Soon most Americans will disregard what he says. His spacey advisors feed him daily misinformation. The nuclear codes are ready at hand.
The world fears that his naiveté, lack of judgment and gullibility to B.S. will start WWIII with the N. Koreans and China.

We are entering the Twilight Zone:
"There is a fifth dimension beyond that which is known to man. It is a dimension as vast as space and timeless as infinity. It is the middle ground between light and shadowbetween science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. It is an area which we call the Twilight Zone" where “alternative facts” and illusions of conspiracies are lived out. Lies are considered truth. 
Rod Serling

Remember, Don Trump is still a contractor from Queens NY,
just richer than most. As a promoter, his income is from lending his wealth “brand” to other’s buildings and golf. The Don does not like to read so policy is 1 page of MAPS—he likes maps and TV. He conducts secret state business in front of the wealthy; letting them play with the nuclear “football” that can kill us all. Richard DeAgazio might be Russian spy who switched nuclear briefcase on Rick during photo op. Costs $200,000: “They want to be able to say ‘I had dinner at the president’s house.’ ” Winter WH.

Creates fear to control base. Tweets all night using “alternate universe” from Fox
Real Donald Trump called for lock-step marching by all and remember your brown shirts. When ideology “discards and chops off” the facts and calls world normal.
Conservatives jump into anarchy: “the deconstruction of the administrative state.” Bannon called himself a “Leninist” who wanted to “bring everything crashing down.” State Dept being decimated. Putin thrilled with cuts in aid to 3rd world, NATO, etc!

Racist legacy:  “get out of my country” supporter kills restaurant patron in KS. Bannon previously articulated his dismay with South Asians supposedly dominate Silicon Valley.
White high schoolers launch verbal assault “Trump, trump, trump” in racist chant.
Dentist joked a boy was upset because “Trump is going to deport him.” Kicked off plane!

The Don (Putin) does not like diplomacy, aid to poor, US environment or culture.
19 Agencies you may use being cut from American society: The Don does not like Meals on Wheels, Sesame St. NPR radio, Arts, Miners retraining, 62 in all for $343 billion
What he does NOT cut:
No cuts to subsidies to Boeing, GE, Intel, Nike, Shell, Fiat, GM, Ford, hundreds more.
Wealthy 1% will receive a $165 billion tax break,

Lies or “Alternative facts” of The Don: Promises (lies) and Actual outcomes:
Trump: “Everyone is covered” in GOP plan except the 24 million who cannot afford it.
Spicer: “Trump meant "surveillance and other activities" and not “Obama himself”
GOP claims EPA is releasing "propaganda" that is "brainwashing our kids

Putin influence: Russian foreign minister Ryabkov met with Trump campaign. “But we will of course continue this work after the elections.

Putin influence: State Dept senior people and budget cut—Tillerson out of loop.

Putin influence: Europe NATO Syria US out of loop

Boeing now in charge of Defense Dept –Trump puts exec Shanahan as deputy SoD

GOP votes to allow hunting of grizzly bears and wolves in Alaska’s wildlife refuges. Your children won’t get to see them except in zoos.
Alaska temperature same as Washington DC first time in history. Deniers cancel action.

Mulvaney says only 1 insurer in SC: Medicare provides care without insurance coverage!
GOP Rep Issa says we are going to single payor like Medicare.
Planned Parenthood funding cuts mean more women without birth control so more kids.  

Regulators are the only protection against corporations since we can’t sue anymore

Matthew Nemer, WellsFargo violated Finra conflict rules; published misleading research
Regulators are looking at mortgages that finance malls as the next bank crisis.
Nationstar Mortgage caught failing to report accurate data to stakeholders.

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own
GM killed 124 because ignition switch pin not replaced after knew it killed first in 2006.

Police want gun control.
When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has one and shoot first. You and thief have guns. CO schools now allow teachers/administrators to carry guns in the classroom. Kid lesson! Since 2015, police have killed 86 people with realistic looking FAKE guns--suicide?

FL makes it easier to kill if you feel threatened—“prove I didn’t feel threatened” Ha


Ignoramus Award:      
GOP votes to allow hunting of grizzly bears and wolves in Alaska’s wildlife refuges.

How our government wastes our money:
The Trump ”brand is the hottest it has ever been” and we pay for $1 billion protection.
$35 BILLION for new Space Launch System from Medicaid cuts.
$ millions defraud Navy bribing Admiral Loveless  by Glenn Defense Marine Asia
$ 22 billions for The Wall since GOP agrees Mexico will never pay. Pay for land/water.
$54 BILLION for ‘battleships’. Seal Teams and drones kill terrorists not battleships.

Where have all the jobs gone?
Afghanistan war provides ongoing opportunity for young: US occupies Afghan for years

Which job board sites are best for your job search?

Who owns your account now?
MetLife retail products now called Brighthouse Financial as it spins off annuity/life.

You can read how this all comes out in Orwell’s 1984: CIA tracks everyone everywhere just like in the book:

Cancel Robo calls with Mr NoMoRobo:

The Don’s 2005 tax return appears: paid 25%--low rate not millionaire rate 39%
            “The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."— Warren Buffett 

But... but maybe he's only a little crazy like painters or composers or... or some of those men in Washington. Mr Shellhammer in Miracle on 34th street about Santa Claus claiming to be Santa.

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