Friday, November 11, 2016

We pay big oil to send oil to China--can Trump stop subsidies?

We pay big oil to send oil to China--can Trump stop subsidies?
Our tax dollars are given to the big oil companies so that they can sell more of our natural resources to China and many other countries. We pay “subsidies” to big oil, gas, drug makers, agriculture firms, airplane and other manufacturers. Many of these subsidized firms make $ billions but pay no federal taxes. Some even get a refund! Our states also pay these firms to make money with our taxes as grants, subsidies and easements.

GOP does NOT really favor elimination of regulations—lobbyists write them
One the GOP myths is that if we just eliminate regulations (by governments), economic growth is assured. But most of the regulations were created by business NOT the government. It is called lobbying. Business needs rules and stability to prosper. Yes government did have to step in to clean up the life-threatening activities of business but only after the mess was made. Workers were being killed in jobs since there was no profit in making mining, drilling, factories safe until 1891. Even Nixon recognized that business will polute since it is more profitable. He decided by himself that we need cleaner air, water, environment, etc so he made the EPA by executive order. But what about now? Why did it take 950 pages to force Wall Street to stop using our savings for their gambling that nearly destroyed our system? “Primarily because of the financial industry. The industry lobbied over and over and over again for this exception, that exception, this clarification, this interpretation, this permitted activity. Almost all of the length in these rules are demanded by the industry—and then they complain about the length and complexity of the rule.”

Do we need the Fiduciary Rule to control fees?
GOP promises to do away with regulations and install a Supreme that will stop making rules contrary to business growth. Fiduciary means your advisor recommends a product that fits your needs without regard to the commission or fees. This rule came out of the changes to the way Wall Street sells products. But putting you first only applies to annuities and other retirement products. Wall Street lobbyists would have killed this rule if applied to ALL investments and advice. The rule was made necessary because Wall Street firms sell us overpriced and underperforming long-term plans that can take up to 63% of our possible nest egg. For instance, most advisors recommend high-cost annuities to defer taxes until retirement. Insurers pay advisors up to 10% of your contributions for NET investment returns that make a banker blush. Wall Street will switch all annuity buyers to annual fees so they can earn more over time. Retirement product buyers will pay 2% a year forever instead of a one time annuity commission.  

Do you need an annuity to delay taxes or create fixed retirement income?
Most working people use a 401k, IRA or other pension vehicle to grow their nest egg. In retirement, they can rollover their 401k into an IRA and begin taking distributions. But if you need an annuity to create a “guaranteed fixed income stream you can’t outlive,” your advisor may have pushed his favorite annuity. Annuities are the expensive form of creating a stream of income each month for your expenses. A typical contract may earn 3-4% and charge 2% so you really only earn the 1-2%. If inflation runs at 1-2%, you may find that the annuity guarantees cost more than they are worth. Your buying power is reduced by HALF for every 20 years you lock up your funds in an insurer. Once you sign the contract you can’t change your mind without it costing up to 10% of your funds.

So, Is your paid advisor worth it?
Baseball owners pay very high compensation to some players. They think paying top dollar will help the team win or draw more paying fans and more cable watchers. But most of these high costs are wasted. The A’s proved that winning is about smart investing not overpaying talent. This year, only 1 in 10 highest cost player proved helpful and they were not in the Series. Most high-cost players are ‘has-been’ stars. In personal finance, the same is true. High cost advisors are has-beens because we pay high fees for PAST performance. That is all we know for sure. Your advisors’ promises are just agent hype. No one can predict the future, especially next year’s winning advisor. In fact last year’s winner is usually this year’s loser. Highly-paid advisors are NOT worth it, especially since their costs can rob you of “63% of what you would have had.”
The best predictor of investing success is COST not stock picking brilliance: https://www.amazon.com/Best-Predictor-Investment-Success-Cost/dp/1502524082

The best advisor’s advice is FREE
His investment return record is 20.8% a year since 1965: 50 years. He does not run a hedge or private equity fund. He does not work on Wall Street. He runs one of the largest mutual funds in the world. He does not charge extra fees like hedge funds and high priced mutual funds. He does not trade often. He does not use huge loans to leverage his investments. He does not use options, derivatives, or other dangerous gambles. He only invests in solid profitable companies like Coke, GEICO, American Express, and Burlington Northern Santa Fe. He provides his FREE advice in letters to his owners.

Are there better ways to avoid taxes in retirement?
The wealthy have already figured out how to avoid taxes. Remember Mit Romney was said to have placed his $20+ million IRA off shore in the Cayman Islands. He takes $millions in tax credits to lower his taxes to 14% on $20 million income. Most of us pay 33% total tax because we have “earned” income. The rich like Romney, Warren Buffett and John Kerry live on dividends, interest and capital—NOT paychecks. Most pay under 17%. They use tax credits to offset their income. They receive a tax credit when they lose money on their investments and businesses. And Congress (which is mostly multi- millionaires) writes the laws that make this situation possible. You can fight back.   
Avoid paying the taxes of the Tax-Credit Class: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382


GOP religion
GOP religionists have embraced The Don because they think he will turn back time and make the courts rule men and women’s health and sex. Funny the religionists use this issue to manage their power but are not against killing criminals or the observers of other religions. They are missing the point of the New Testament: the whole point of the modern religion Jesus introduced was to free men and women from old rules and focus on love for all not just your friends. Last week a mother who beat her child 36 times with wire was absolved to beat her 7 year old any time because she said her ‘Christian’ beliefs were the “guiding values” that influenced her behavior. GOP claims it is ‘Christianity’. She cited verses from Proverbs 23:13-14—old law. Instead of treating this as a violent crime, the state of IN said she can do it again based on the state’s new ‘religious freedom’ law to justify the beating of a child. GOP religionists have perverted Christianity into a political weapon to hurt children and others not liked. No wonder religion is dying out.
“In any given moment we have two options: to step forward into growth or to step back into safety.” ― Abraham Maslow

Tea Party controls House, Senate, President, courts, Supremes--Finally got to be rulers
If you are wealthy and hate government, you win. Most of us will grit teeth for 4 years. Trump’s Teas will cut programs that benefit older adults and younger people with disabilities, including Medicaid, Older Americans Act such as Meals on Wheels, adult day, information assistance. Don said he would leave Social Security and Medicare alone but he said many contra things. Teas have targeted all programs for disadvantaged like ObamaCare. Don may not resist their cuts especially if economy falters. He does not like losers. 20 million will have no health care. "You're not going to let people die sitting in the middle of the street." He made fun of disabled, banned unfavorable press firms, and attacked certain minorities, judges, laws, departments he did not like. His tax plan reduces taxes for very rich but his advisor says if growth does not come, middleclass tax increase will be necessary to balance budget. Christie just raised gas tax in NJ and let millionaire tax cut stay. He ended the estate tax for rich. Christie may be Don’s whip in Congress. He claims he can make Dems give in.

What to do when stocks become volatile under temperamental Trump
We may see a market in rebellion as Don and the Teas shake up Washington and state governments. The unknown is not good for securities investors usually because they do not look down the road only end of the block. Don says he will give huge tax cuts to the wealthy so they will invest not send the money and jobs overseas. This strategy is not working in Kansas where the Teas have already had it in place for 3 years. The Don talked about the good old days when the uneducated could make good money. The fastest way to make a change is to convince the Teas in Congress to fund infrastructure projects. Despite past history, this new government spending could boost our retirement nest egg. However, to smooth out the chaos of The Don’s change program, look to a balanced fund like Wellesley Income fund at Vanguard. It has returned 9.8% since 1970--7% in 2016.

Experts advise that you NOT buy these cars new—bad buy
These cars are overpriced and thus lose value more quickly than other equivalent buys: http://www.cheatsheet.com/automobiles/better-off-used-12-cars-you-shouldnt-buy-new.html/?a=viewall. If you want to go American made, these are your choices: http://www.cheatsheet.com/automobiles/american-made-cars-2016.html/?a=viewall

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 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." 
Rod Serling

            Ku Klux Klan will hold a Trump victory parade in North Carolina
   Like mafia family, The Don has never had a boss, no corp board to question his acts!

Do-Nothing Congress will decide US future by doing nothing for more 4 years.

The Teas have finally gotten their wish!
The Don’s “cabinet” are scary group


            THE TRUMP PROMISES
Deportation, The Wall, Re-Create Jobs, NO Abortion, No ObamaCare, More Guns, No Muslems, Reprochmont with Russia, Christian nation, Jail Clinton, Kill Terrorists and Family, Torture, Cancel Iran deal, Replace VA head, Tax imports esp Ford, Grow 6%, Cut Deficit, Cancel Consumer Protection Act, Wealthy tax break, No tax income <$50K, Change Washington, Change GOP, Change, Change, It was rigged! … for me!


Don:    You know I couldn’t live on the Presidential salary—a “step down” for me.                          My immediate plans for your benefits if Teas agree. 
            Huck: “Trump may be a car wreck but at least his car is pointed in direction.”
            I am President so I won’t have to testify in Trump U. lawsuits. “When the president does it, that means that it is not illegal.” https://www.youtube.com/watch?v=HiHN3IJ_j8A


            (But we died in the wreck!) White college grads did NOT leave GOP.
            I’m glad FBI not looking at my contacts with Russians. Email scandal helped.
            I owe FBI Comey big time. Thanks Vladdy.
            Let the dictatorship begin: Christie in charge of WH. My Tower my real home.
            I will be on TV every night. On Twitter all night. Conferences at My hotels.

Axmen: Christie, Palin, Guiliani, Sessions, Carson, Russian Manafort, cabinet

“News” sources: Drudge, Natl Enquirer, Brietbart, fringe blogs, World Net Daily, Putin
            (Don thinks Cruz's father was linked to JFK assassination, China made global warming concept, Obama not American, Obama not write autobio, Obama got NY AG to investigate him, Clintons killed Vince Foster, saw Muslims cheer 9/11 in JC, media hides tape of JC 9/11 event, he or foundation gave money to charities (Don takes illegal “gifts” from vendors and gives as own), vaccinations cause autism, voter fraud rampant, immigrants are criminals, and more)

Enemies List: Christie in Charge of Revenge (BridgeGate).
Ryan, Graham, Cruz, Rubio, Bloomberg, DeBlazio, Gold star Kahns, NYTimes, NYPost, WashPost, Univision, Megyn Kelly, judge and claimants in Trump U. case, Trump cancels brother’s insurance

Mike:   I will protect all the women in WH when he “grab them by the p**sy.”
            “When you are a star, they let you can do it … anything.” “He is Commander now”
            The Don is really a liberal NY playboy at heart. Think Gotti.
            Don will restore the America that the old white Christians love. Father’s Buick.

Hill:    I guess I should have listened to Bernie about change.


How the party of Lincoln became the party of Trump—conservative means go backward especially among “Christians” who now accept immoral acts in their public servants.
            Therefore by their fruits you shall know them. Matthew 7:20

Regulators are the only protection we have since we can’t sue anymore
               Supremes stop us from suing—State courts no longer available to sue corporations!

Samsung washing machines ‘explode’ while in use. Top loaders break jaws.
Christie was mastermind of bridge closing revenge according to juror. He benefited most!
MyPillow caught using deceptive advertising—NO cures for diseases from pillow.
Wall Streeter Andrew Caspersen sent to jail for 4 years for Ponzi-like scheme to defraud 
BankAmerica caught gouging card fees from released inmates—little money and no job.
David Bergstein, Cyrano Group arrested for stealing $5.8 million from investors.
Voya, Cetera, Kestra, FTB Advisors failed to supervise sales of variable annuities.

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

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 a gun hidden. You and real criminals both have guns.
Oregon jury: “having guns is no threat but statement of culture like wearing cowboy hat.”?



            NJ Dems impeach Christie over BridgeGate testimony
            Voter suing Trump for $1 billion because won’t accept vote and he’s distressed.

Ignoramus Award: FBI tarnished by political interference. Find evidence first then letter

How our government wastes our money
Navy can't fire its awesome new gun because EACH round costs nearly $1 million.
Navy ships limited to 3 from 32 since cost is $7 billion EACH.


Where have all the jobs gone?
35 jobs paying $50,000 with no college—some with on the job training.
Warren Buffett with $63 billions was rejected by Harvard: didn’t like college either.
GM closes shifts in OH MI 2,000 out of job Can Trump stop GM job loss as promised.

Who owns your account now?
New Years Rockin Eve to Wang Jianlin

IAN
41 Watchung Plaza, B242
MontclairNJ 07042
973.746.2014
Alerts

No comments: