My Social Security and Medicare are NOT “entitlements” to be cut
I paid for my Social Security and Medicare with cold hard cash for years from my hard-earned wages. I paid in good faith that the money would be invested in trust for my old age. Now, these millionaires in Washington that don’t need their Social Security and Medicare security in old age are trying to cut what I worked hard for because they spent money unwisely—phony wars and tax cuts to friends.
NO. I am not going along with that. Let’s cut the corporate subsidies and war overspending first. They spend $673 Billion to fund war every year—more than the total of the next 15 countries combined. Our 'representatives' give $1.2 Trillion in tax breaks to the rich every year.
The retirement income and medical care I prepaid during my 50 years of work is mine—not an “entitlement” to be cut by millionaires who wasted $3.2-4 Trillion on their phony wars and tax cuts. http://costsofwar.org/
Tax avoiders are the Romney “moochers”—hiding in the Caymans!
Warren Buffett, the billionaire investor, said the ability of some of the highest earners to avoid federal taxes shows why laws should be changed so the wealthy pay more. “They were the moochers, and they paid zero,” Buffett told MSNBC. “The way they get at them is a minimum tax and it's very simple to do.”
Wealthy should pay minimum tax—30% and 35% for ultrarich!
Warren Buffett, master investor, says raising rates does NOT stop investing
“Let's forget about the rich and ultrarich going on strike and stuffing their ample funds under their mattresses if -- gasp -- capital gains rates and ordinary income rates are increased,” Buffett wrote. “Only in Grover Norquist's imagination does such a response exist.” We need to get rid of arrangements like 'carried interest' that enable income from labor to be magically converted into capital gains,” Buffett wrote. “And it's sickening that a Cayman Islands mail drop can be central to tax maneuvering by wealthy individuals and corporations.” http://www.nytimes.com/2012/11/26/opinion/buffett-a-minimum-tax-for-the-wealthy.html?_r=0
Does your mutual fund firm add or subtract to your retirement?
Despite Wall Street hype, most of the people who will have a great retirement owe most of the gains to compound interest NOT fast trading. Compound interest is one of the reasons Buffett says he became the second richest billionaire. http://www.marketwatch.com/story/10-things-mutual-fund-companies-wont-say-2012-11-16
Don’t let fees keep your investments from compounding at 10-12% per year.http://www.amazon.com/Your-Retirement-Mutual-Funds-retirement/dp/1481114026/
Annuity owners beware!
Private-equity firms' are plowing money into indexed-annuity businesses that are becoming agreater burden for insurers as low interest rates continue. Apollo already backs Athene Annuity and Life Assurance Co. Guggenheim owns Security Benefit Life Insurance Co. and EquiTrust Life Insurance Co., and is reinsuring annuities from Standard Life Co. of Indiana. Harbinger Group Inc. also jumped into indexed annuities last year with the purchase of Fidelity & Guaranty Life Insurance Co.
Annuity owners may see fees increase to pay off these speculators. If insurer can’t make money at their own business, how can takeover specialists? Members consider alternatives:http://www.amazon.com/Not-Buy-That-Annuity-Guaranteed/dp/1466494573/
Are you working for a state with the strongest pension plan?
Is it time to shop for homeowners?
Insurers OK To Raise N.C. North Carolina insurance regulators are clearing the largest rate increase in nine years for dwelling policies that cover residential rentals and other properties that are not owner occupied.http://www.amazon.com/Homeowners-Insurance-Beware-coverage-policy/dp/1480100870
Socialism for the rich?
In 1992, the tax paid by the 400 highest incomes in the United States averaged 26.4 percent of adjusted gross income. In 2009, the most recent year reported, the rate was 19.9 percent. It’s nice to have friends in high places but deficits can’t last. Party over!
SCAMS “Only the little people pay taxes.” Leona Helmsley
Are your tax records safe? Employees fall for old trick!
SC state tax records including your SS # were stolen. Hackers broke into the agency’s computer system by sending state employees spam e-mail that contained an embedded link. If employees clicked on the link, software was activated on their computers that stole their user names and passwords. http://www.nytimes.com/2012/11/21/us/more-details-of-south-carolina-hacking-episode.html?hpw
SC state tax records including your SS # were stolen. Hackers broke into the agency’s computer system by sending state employees spam e-mail that contained an embedded link. If employees clicked on the link, software was activated on their computers that stole their user names and passwords. http://www.nytimes.com/2012/11/21/us/more-details-of-south-carolina-hacking-episode.html?hpw
‘Ransomeware’ is rampant is US
The Reveton Trojan instantly locks the infected computer. Then it displays a message on the screen that looks like it's from the FBI. The bogus message says the user violated federal law by downloading illegally using or distributing copyrighted music or video. To unlock the machine, the user is told to pay a “fine” via a prepaid money card, online payment service or wire transfer. DO NOT FALL FOR THIS FRAUD.
Copy all your files now to a thumb drive or cloud like Amazon Cloud Drive . Use non-Explorer browser like Chrome. Your virus protection may not prevent this.
To fix it, try restarting your computer in safe mode and resetting its defaults to a previous date using the Restore process. You can also try to fix it with a patch from an Internet download from any of several sources.
Got Waste? Was your hospital operation necessary?
Four people have been convicted of crimes relating to a $154 million medical fraud scheme in which hundreds of healthy patients underwent unnecessary surgeries to fraudulently bill insurance companies.
We pay $527 billion for the flood insurance program
Taxpayers are on the hook for at least $527 billion of vulnerable assets in the nation’s coastal flood plains. Those homes and businesses are insured by the federal government’s National Flood Insurance Program. The program’s overall liability is $1.25 trillion. The program is $18 billion in debt, a sum the government acknowledges probably will never be paid back by premiums, and it is likely to need a new multibillion-dollar infusion to pay claims from Hurricane Sandy. It is long past time for the government to stop subsidizing home and business owners who live and build in dangerous flood zones.
Global warming will only make it worse. People who want to live dangerously must pay for the fun of it. We can’t afford to subsidize their pleasure.
Regulators charge Polish brokerage with stealing family/friends money
Roman Sledziejowski, a Polish-born investment manager and owner of TWS Financial LLC, catered to the Polish investment community in Brooklyn , and all of his victims were natives ofPoland . Despite the advice to “ask your family/friends for recommendations for a professional,” they may not know if they are honest. Madoff made his millions this way—word of mouth is not safe way.
Who owns your account now?
Thrivent Financial for Lutherans to turn its bank into a not-for-profit credit union, an uncommon change that creates one of the largest faith-based credit unions in the country.
Amerigroup Corp to WellPoint approved by Feds.
IAN
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