Friday, September 11, 2015

Rich evade taxes forever. Legal; but moral?

We pay more taxes so the rich can evade taxes forever. Legal; but moral?
The rich avoid taxes using lawyers like Edward Renn, Withers Bergman. With enough money you can buy his deal: “Tax-efficient trust structures that exempt assets from state tax or foreign grantor trusts that are exempt from U.S. income tax are as common as a domestic business succession structure designed to maintain the client’s control while minimizing or eliminating gift, estate and generation-skipping transfer taxes. In other words, evade taxes. And their kids get to perpetuate this inequality.

You don’t need high-cost advisors to do better than Harvard’s team
Harvard University’s endowment had the worst performance of any of the eight Ivy League schools in 2013—just 11.3%. Yet its CEO at the time took millions from poor earnings. Harvard doubled compensation for Mendillo to $9.6 million in 2013, almost nine times what it paid its president, Drew Faust. You earned 32% in ’13 and 13.5% in ’14 using a low-cost index fund that Harvard should have used and keep the $9.6 million.

¿2016 President? “If I had a world of my own, everything would be nonsense.” Alice

Trump: “Look at that face! Would anyone vote for that? Can you imagine that, the face of our next president?" 
Jeb will cut taxes for rich & corporations and borrow $3.4 Trillion; we pay more.
Sarah Palin wants to be Energy secretary under Trump but GOP to cut Energy. Palin sees             glaciers growing not receding like scientists say. “..weather NOT man’s doing.”
Cruz wants to shut gov again. If you closed your employer, would you go to jail?
Huck uses KY clerk to give Trump’s press a rest. If you refused a court order, would you    be applauded? Is Ms Davis afraid of going to hell for signing a government       paper? She should read John 4: 7.
Huck: “the Dred Scott decision of 1857 still remains the law of the land which says that             black people aren’t fully human.” GOP never reads history—see 14th Amdmt!
Christie gets United Airline CEO fired for giving Chris’s buddy free flights. OMG!

Warren: "Donald Trump and I agree that there ought to be more taxation of billionaires
Sander, Socialist, gets praises from Warren Buffett, Capitalist?
Obama: US to take 10,000 Syrian refugees—GOP stunned

We don’t save for retirement because ….
Schwab survey says more than one-third (35%) of us say we aren’t saving more for tomorrow because we are unwilling to sacrifice our quality of life today. OK, but if you had $3,000 a year without sacrifice, would you invest it in tomorrow? Most say yes. So what do you do with your tax refund? If you are receiving a refund, you are giving the government too much money. Use the money for your future instead with NO change in your life now. Give up nothing except expensive products and services.
  
Did you sell stocks in your 401k last month?
The index for last month shows that trading activity among 401(k) participants on August 21 was two times the normal level, while trading activity on August 24 was seven times higher than normal. The trading movement on those two days was out of stocks and into fixed income, according to Aon Hewitt. Unfortunately, you now have a loss. To get back to even money with fixed income will require 50 years or more given the low interest rates now. Long-term retirement nest eggs usually don’t recover lost levels using short-term interest-rate earnings. Stocks have long-term average earnings of 13% since 1980.

CA regs to reduce emissions killed by big oil
Unable to overcome fierce opposition from the oil industry and resistance from some Democrats, Gov. Jerry Brown and legislative leaders announced today that they will remove a major portion of an ambitious proposal to combat climate change, sources say. A provision calling for a 50% cut in petroleum use by 2030 will be dropped.

What is it like to live in CA without water?
Residents in the houses with dry wells are relying on deliveries of bottled water or perhaps a hose connected to a working well of a friendly neighbor. They may be taking "showers" with water from a bucket, using paper plates to avoid washing dishes, and eating sandwiches instead of spaghetti so there's no need for boiled water.

Lion killer says he did nothing wrong—someone will show him fun-killings are wrong!

US new coalition partner: Al Qaeda!
Al Qaeda Leader Al-Zawahiri Declares War on ISIS 'Caliph' Al-Baghdadi


Pope OKs annulments (marriage never existed) and abortion?
How can a religion pretend that real “divine” events, “unions sanctified by God are indissoluble” never took place? How can a religion make “hundreds if not thousands of dollars” from such a fiction? “They wanted $8,000 to process my husband's annulment! I'm a Jew now," DesirĂ©e O'Clair tweeted. The "indissolubility of the marriage bond” is apparently NOT indissoluble with enough money (see chart). Also, now lowly priests can allow women with abortions back in the building, at least this year.
Why now?
"The church has been in sharp decline in both Latin America and Europe and Pope Francis sees such reforms as key to reversing the long-term slide."
So this is why ancient “beliefs,” canon laws, are changed.
Survey says 89% of ex-Catholics say they cannot imagine ever returning to the church, even though they like Pope Francis.

Who owns your account now?
Assurant’s employee-benefits business to Sun Life Financial, Canada.

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.

Where would you be if you refused to pay your property taxes?
You would lose your property and perhaps part of your paycheck. But in the new era of Tea Party private rights and freedoms, you can ignore the law and do what you want. A year ago, Clive Bundy lost in court but won in gun showdown with the federals. Jail?

Joseph P. Zada, Wellington, Fla., and Grosse Pointe Shores, Mich., swindled victims out of $50 million in a Ponzi scheme that spanned ten years by faking oil and currency trading through a top-secret board headquartered in London. Used excuses of Saudi family ties when asked about returns. Jail?

Bill collectors may owe you—just try to collect
Regulators found that Encore Capital Group and Portfolio Recovery Associates bought debts that were potentially inaccurate, lacking documentation, or unenforceable. Without verifying the debt, the companies collected payments by pressuring consumers with false statements and churning out lawsuits using robo-signed court documents.

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