How do the rich keep
getting richer?
Are they really that
much smarter than us or pick the right ‘next big thing.’ Think of Don Trump.
His father loaned him money and he received an
inheritance some say was over $200 million. If he had just left that sum in
a stock index
account, it would be worth $6.5 Billion today. The Miracle of Compounding
is the secret, not great deals. Remember, Don went bankrupt 4 times and avoided
income and business
taxes along the way. Compounding can work for you too. You can make a sound
financial plan on $3.50 a day over time. Investing $100 a month in a stock
index fund for 40 years can provide $700,000. Most of us don’t learn Compounding
in school and so don’t know how it works. Most rich people learn about Compounding
when they are teens and start receiving their trust fund “allowance” to buy a
Porsche. What can
you buy for $3.50?
Try it, you’ll like
it: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513
Don Trump could be a
great president
Trump could create a huge legacy in American history by ending tax shelters for corporations
and their overseas subsidiaries—Apple, Google,
Amazon
pay less tax than you and I because a “trick” of accounting. Congress
had a hearing on Apple avoidance. Buffett suggested every firm pay 30%. All
The Don has to do is end
all the tax loopholes and subsidies to business. Almost every type of
business has special deals that make it more profitable. It is how capitalism
becomes socialism
for the rich. Consider the Apple deal: It pays 0.005% to Ireland ,
Bloomberg says. Its effective
tax rate is 26%. Double Irish and Dutch Sandwich
is the name of this tax avoidance. Instead of helping us, our reps keep giving
subsidies to big
agriculture for ethanol, subsidies to big
oil for drilling, subsidies to aerospace
for planes, even subsidies
to Congress people who claim to be ‘farmers’. We give even more $ billions
to businesses in the form of “income
tax expense” – that’s B.S. for tax credits for losing money. Our government
has no accountability in our cost
overrun spending for projects like building a hospital or a bunch of F35
fighter planes that don’t work. ‘Smoking crack’ was given as an excuse for
the poor planning and authorization by officials. Meanwhile the average
taxpayer is hit with 97
taxes that take an average of 33% of income. Rich
people like Warren Buffett, Mitt
Romney and John Kerry pay 17% or less. Most
foreign firms avoid taxes too. This is Socialism for the Rich pure and
simple.
Trump could end the
Tax Credit class: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
Is an annuity right
for you?
Before you talk to
your advisor, you need to understand the market price of what you
are really buying. Annuity buying is like car buying. Before you even step in
the door of a car dealer, you better understand what you are looking for or you
may NOT get what you need. Our financial planner is on salary so there is no
reason to tilt
the presentation to one product. Consider if you could benefit from a better
deal before you enter into the non-cancelable annuity contract. For
instance, you can generate a $1,100 a month from a $200,000 nest egg and ADD
eggs at the same time. An annuity of the same deposit provides $1,100 only for
your life but NO more eggs. If you die, you lose your deposit.
Make sure you have
the best deal: https://www.amazon.com/Annuity-Decision-Tree-questions-answers/dp/1546454497
Details of TrumpCare:
actually cuts
taxes for the wealthy and businesses
The 12
things you should know about TrumpCare: the AHCA includes state waivers, elimination
of standard benefits of health insurance plans, Medicaid expansion phase
out and block grants, subsidies for risk pools for Pre-Existing Conditions, elimination
of $1 Trillion tax and ability of insurers to charge 5 times the premium
for sick people. Buffett
alone will get $680,000 tax break. AHCA pushes health savings accounts for
rich people. For larger employers, the AHCA allows them to pick a plan that
offers a significantly lower level of benefits to employees. Employers can put annual
and lifetime limits on its essential health benefits. In fact, they could
pick a plan with no EHBs. Employees could in effect be on their own since there
is no mandate and no penalty for employers to provide no assistance. As in the
past, employers are under no obligation to offer real health benefits beyond
that needed to retain workers. Congress
members will NOT lose their ObamaCare guarantees in this version. GOP
made the bill acceptable to many by NOT defining what is specifically covered
and ultimately leaving the benefits to the states and insurers. For instance, the
bill does not specify what a Pre-Existing Condition is, nor does it allow
insurers to deny coverage outright, although potentially they could set
premiums we can’t afford. Trump claims PEC is covered but at what cost?
“PEC in bill.” We have failing health care,” Single-payor
system of Australia better than our system, Trump admits.
FoxNews
agrees, US headed to “a single-payer health care system.” 24 million
uninsured
Buffett reveals his
secret to shareholders and everyone
His investing secret
is simple and he told us about it in his annual report:
he earned 20.8% a year for his shareholders over time from compound interest.
He has told us in many of his reports how he lost money and made bad decisions.
However, he has returned DOUBLE the stock market rate by using his secret: Compound
Interest. Since most of us don’t use a brokerage account, how can we follow
his advice? Well, he put it in very easy formula. We can buy a low-cost stock
market index fund. He advises us to put our money and faith in the American
economy.
He even tells us
which fund to buy: https://www.amazon.com/Warren-Buffetts-Investment-Secret-Steeple/dp/1484189809
GOP votes to end our
financial protection from financial predators
GOP presented Financial CHOICE Act 2.0 today, signaling the first
move to roll back consumer protections. You will no longer be able to see
complaints about other financial firms overcharging, abusing and defrauding us.
All fines and shut down actions will have to be approved by the whole Congress.
Cancels requirement for banks to undergo stress tests every other year. Cancels
protection against banks tricking us into opening accounts not in our best
interest. Cancels oversight of payday lending industry. Banks and lenders can
go back to the good old days when regulators ignored what happened to Wells
Fargo customers: Customers
charged extra fees on bogus accounts.
Avoid being tricked:
https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275
Is a "SAFE"
deal right for you?
You may have heard
about a new product known as SAFE or "simple agreement for future
equity" instrument. The SEC regulator is warning us to make sure we
understand the risks involved. You don’t get dividends or interest while you
wait. You can purchase the opportunity to become a future equity holder in a
company, if certain events are triggered such as the company goes public or
raises a substantial amount of funds. Sound good for risk takers? SAFEs are being
sold to investors through crowdfunding which help small companies raise up to
$1 million from average investors. Disclosures don’t cover all the possible
negative outcomes so whatever you invest must be considered money you can afford
to lose. Nothing is every ‘safe’ or ‘simple’ in investing.
Try the Vanguard Top
Ten instead: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Trump’s bank, Deutsche
Bank, gets pass for mortgage disaster
The Securities and
Exchange Commission has decided not
to punish Deutsche Bank for its part in the mortgage disaster of 2008. The
decision was made inside an agency that has been facing possible budget cuts
under President Donald Trump. The SEC has eliminated dozens of contractors who
were hired to help root out Wall Street fraud. It also now has a new chairman,
Jay Clayton, a former lawyer for Sullivan & Cromwell which represents Deutsche
Bank. Deutsche
Bank was bailed out by US tax payers for its losses from its failed mortgage
hedging strategy. Deutsche
Bank is Trump’s major lender and in dispute with him over his payments. But
because it’s his bank, it is probably safe for your cash. Deutsche Bank is
probably the first to get bailed out in the next financial disaster.
Has America become a “banana” republic?
A “banana” republic:
A country where the large corporations and the wealthy receive all the income
and pay
an ever smaller part of the tax bill. Since 1980, 99%
of all American income has gone to the top 10% of families. A country where
the people’s
representatives are millionaires but must beg for campaign contributions 70%
of their time. And the decisions by these representatives as a group help
the wealthy
and their companies remain in the bonus column.
How could our House
Reps condemn
24 million people to no insurance again?
Reps ask for proof
of citizenship for Town Hall entry yet
donors are from out of state. Iowa’s Blum receives money form North
Carolina, DC lobbyists and Koch Bros, Kansas.
Thousands
of subsidies and tax loopholes are created by those already doing well so
that the rules keep getting bent in their favor. Our
taxes continue to subsidize companies already doing well. Even those
institutions set up to fight
inequality and unfairness—the justice apparatus and Supreme court—are
swayed by the prejudiced,
the rich and the powerful. Justice Department head
meets with Dem presidential candidate’s team weeks before elections. FBI
director announces just before election one candidate is under investigation
without mentioning the other one is too. Intelligence agencies determine that a
foreign
power is pushing the GOP candidate. USSR planting fake news.
Supreme Court
nominee is refused
a hearing and vote by GOP contrary to our tradition. Justices are
routinely given free vacations and trips by companies with cases to be
decided by those justices. Institutions
set up to keep our air and water clean are biased by those representing special
interests. A country that gives the already wealthy, tax
breaks in the name of jobs. As average family
income has remained the same for 50 years as adjusted for inflation. All
the increases in work productivity
have been translated into a big raise for the wealthy few.
A country where the
leader is elected after calling women vile names, groping
them and admitting
sexual assault. And his cabinet are all billionaires—mostly old men. And
the leader fired the national organization charged with determining if the
leader influenced by a foreign power to get elected and then meets
with that foreign power in secret. Is
the leader subject to any law? Dictator?
Is America becoming a banana republic?
Typically, the
banana republic has a society of stratified social classes, usually a
great and poor working class and a ruling-class plutocracy,
composed of the business, political, and military elites of that society.[1] Such
a ruling-class oligarchy control the primary sectors of the
economy by way of the exploitation of workers; thus, the
term banana republic is a pejorative descriptor for a servile
dictatorship that abets and supports, for kickbacks, the exploitation of
large-scale commerce especially global financial products. Corporate losses
become public debt and only the little people pay taxes.
We could use some
integrity in government—Sally Yates for president?
Bernie Sanders for
Vice?
Wall Street brokerage changes as Vanguard eats their lunch,
dinner, snack
Morgan Stanley just announced that they will change
their business model in the face of Vanguard lowering the cost of making
money for investors. The change was justified as “intended to "better
align client costs" with brokerage services.” The largest U.S.
brokerage by sales force, said on Wednesday it is dropping mutual funds from
Vanguard Group, the largest U.S.
mutual fund firm. Obama’s fiduciary rule, despite Trump’s delay on
implementation, has had the effect of warning investors that advisors do NOT
have their best interests at heart. Investors are now seeking less biased
advisors and many firms have switched to continuous fees from product
commissions. This may cost investors more in the long run. They see that cost is
important to final returns.
Avoid giving away 63% of your nest egg: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275
Why is Jared’s family selling US citizenships to foreigners
for personal profit?
Wealthy investors inChina
can buy American visas if they invest in one of the family’s properties — pure
bribery – and not what Trump promised. Nicole Kushner Meyer at a Ritz-Carlton
hotel in Beijing on Saturday pitched
the deal to 100 investors: They could get green cards if they poured money into
One Journal Square , a $150
million luxury Jersey City
development from Jared’s family. The quid- pro-quo would come through the EB-5
program, which grants
visas to foreigners who invest at least $500,000 in American development
projects. Politicians on both sides of the aisle have often criticized the
program as a golden road to citizenship for the wealthy. Is It legal if you
have a connection to president. Is it moral to sell our US
citizenship for personal profit?
Wealthy investors in
Trump did NOT save Carrier jobs; government did
Carrier was paid a government subsidy by IN to stay in Indianapolis
for a while. It is moving the Carrier Controls, Huntington ,
IN Mexico
because CEO pay is tied to profits and low wages make high profits. At a
meeting with analysts to discuss the outlook for 2017, the head of the division,
Robert J. McDonough, boasted
that profit margins had doubled over the last five years. “Part of it has
been moving factories to lower-cost locations, there is no question about
that,” he said. “I think everybody knows that’s been part of the formula for
us.” And even more jobs, paying more in 1 hour than Mexican workers make in a
day, are marked to go south by Carrier and hundreds of other firms. Cutting
costs to boost sales in competition with others is the only answer in a
market economy. Government has paid for a re-training center in IN, but wages
are being pushed down—not up. Education for the next generation is torpedoed by
higher tuition.
Trump’s budget cuts re-training centers and his tax cuts for
firms like Carrier will help build more factories in Mexico
not America . His
education policy hikes college costs.
Government of the people by the people for the people took a
turn backward: https://www.amazon.com/Education-Funding-Save-right-plan/dp/1482549956
*****************
TrumpWorld
We have entered 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 shadow, between
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
true. Incompetence
is praised. Truth is what the loudest voice says it is over and over.
Rod Serling
Trump threatens FBI
Comey with secret tapes Trump made of their talks. https://twitter.com/realDonaldTrump/status/863007411132649473
Free American press may be locked out of WH:
Trump may end press conferences—only TASS
(Russia) will cover events.
The Don blackmails Comey: “secret
tapes of his conversations with Mr. Comey”
The Don asked for loyalty and Comey said honesty. FBI
ideology ended with Hoover .
‘Trump’
brand is all he cares about—it is all he knows. Staff creates image not
policy
Trump
uses worldwide State Dept site to promote his $200,000 golfing membership Wealth
foreigners see his club on US embassy website and are induced to buy.
Impeach
Trump’s new China
policy:
The Don’s economic
policy is “negotiate a deal” and keep ‘em guessing and sue.
The Don: Let’s
shut down the government next time as revenge
Trump tax cut for corporations and wealthy class adds $5.5
Trillion debt
“I’m the king of debt,” Mr. Trump said last year on CNN. “I
love debt.” The Committee for a Responsible Federal Budget said the plan would
probably lead to a loss in government revenue by roughly $5.5
trillion over 10 years.
Navy
tells Commander he doesn’t know about carrier catapults. Stick with
branding Don.
Little Dictator wants war: Army to go back to Afghanistan
Trump wants to “start winning” again. He
delights in war show. The military’s new strategy, (old strategy) which has
the backing of top Cabinet officials, would authorize the Pentagon, not
the White House, to set troop numbers in Afghanistan and give the military far
broader authority to use air strikes to target Taliban militants (civilian
centers). It would also lift Obama-era restrictions that limited the mobility
of U.S.
military advisers on the battlefield. Our longest undeclared war where fighters
in civilian clothes will continue to kill soldiers.
Options to put down N. Korea are
considered also. Two wars?
Obama already fired him—what better warning? Even Attorney
Gen Yates warned.
The Don just lawyered up—is Trump above the law? Can he
govern?
Trump just hired a Washington law firm to send a letter to the Senate
Judiciary Committee denying that he has connections to Russia
.
*
Pre-existing
conditions are in the bill but you can’t afford that coverage
Like before
ObamaCare, you
can buy health insurance to cover your needs but cost is too great. The Don
and GOP have tricked
us by claiming to include ACCESS in their new bill. Access means your state can decide for insurers to offer cover
in a pool with others and charge whatever the market will bear. They also did
not mention that all the 10 guaranteed
benefits are optional -- not required as in ObamaCare. The GOP wants to go
back to the days when America was Great: Health Care was for the wealthy.
Average person can afford only JUNK policy. The GOP bill gives the rich tax
cuts that add up to $1
Trillion. The real TELL in this vote: Congress
members will NOT lose their ObamaCare guarantees in this version. Trump has
his WIN and we lose. 24 million people lose coverage. Even Fox
News sees single payor in 7 years as a result.
Side by side
comparison ObamaCare vs TrumpCare: http://www.latimes.com/projects/la-na-pol-obamacare-repeal/
Flynn
as paid secret foreign agent while US official and campaign knew
it--traitor
Flynn, as part of
the Trump campaign and named security advisor, had access to all US secrets and was secretly in the pay of Turkey and Russian spy handlers. Flynn
at Putin’s RT party. He received $530,000. Isn’t
this treason? By law a US
officer cannot receive money from foreign governments. Like Ben Arnold, he
was official of US government while being paid by foreign powers. Flynn is not alone. Other Trump operatives are also under investigation by
the FBI for potentially illegal contact with senior Russian intelligence operatives. Donald Trump also
has a longtime pattern of open admiration for gangsters and organized crime. FBI is following the Steele
memo on Trump activities in Russia. FBI, NSA said Russia sought to influence the election. 35% GOP say
didn’t.
Did Trump do a
background on his hires? Or were Flynn, Page, Manafort plants under Putin
control and leveraged by the Trump scandal hidden in Putin’s video player?
Civilians conspire
with a hostile power to end Presidential sanctions against that hostile power
we are fighting in Syria and Ukraine
Flynn was warned
not to take money from foreigners when he left Pentagon. Trump
refused to give our committee on Russia probe any Flynn info or docs: Committee
on Russian influence stunned. Yates
warned Trump. Coverup? Treason? Three key minutes of Sally Yates’ testimony before the
Senate Judiciary subcommittee.
*************
Regulators are the only protection against
corporations since we
can’t sue anymore
“It is nearly
impossible for one individual to take on a corporation with vast resources.”
Supremes
stop us from suing—State courts no
longer available to sue corporations!
Water is contaminated
for 77 million Americans, 80,000 violations; no money to fix it.
Fiat
recalls 1 million Ram trucks for software that controls/not control airbags
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?
TX forces its police to become Gestapo—Trump’s national
deportation Nazis
“Every major police chief in Texas ,
which includes some of the largest cities in the U.S. ,
opposed
the measure that allows police to inquire about the immigration status of
anyone they detain, a situation that can range from arrest for a crime to being
stopped for a traffic violation. It also requires police chiefs and sheriffs —
under the threat
of jail and removal of office — to comply with federal requests to hold
criminal suspects for possible deportation.
TX police kill teen at party
Jordan Edwards, a 15-year-old TX teen is the youngest of the
339 people shot and killed by police so far in 2017, according to a Washington Post database tracking such shootings. At
least 10 people shot and killed by police this year were under 18.
SCAMS:
Poor
people with no insurance die early just like GOP new plan calculates.
Ignoramus Award:
Trump’s EPA head dismissed
half of the scientific advisers from analysis boards
Trump cut 95% of
staff of the drug enforcement office
Obama’s
fault I hired Flynn even after he told me not to. I’m incompetent or stupid
for taking
Putin’s advice.
Why did Hillary send
her emails to aide Huma Abedin who sent them to her husband, Anthony Weiner
to print them? Clinton or Abedin had no printer? Too lazy? Book deal?
Trump threatens FBI
Comey with secret tapes Trump made of their talks. https://twitter.com/realDonaldTrump/status/863007411132649473
How our government wastes our money:
Where have all the jobs gone?
More facts, not Don’s fake news, about
NAFTA and job changes: It’s complicated, Don.
Which job board sites are best
for your job search?
Cancel Robo calls with Mr NoMoRobo: https://www.nomorobo.com/
Miracle: 10 year old subdues 9 foot gator
"I used what they taught me at Gatorland, so I put
my two fingers up its nostrils and it couldn't breath and had to breath
from its mouth and then let my leg out." Who knew!
IAN
41 Watchung Plaza, B242
973.746.2014
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