Your Unbiased Advisor

Friday, July 2, 2021

Advisor abuse

Where is your portfolio so far in ’21?

Some of our readers have shared their wise decisions to stick with the indexes and low-cost mutual funds. Most use Vanguard funds and don’t trade. They follow the 3 Bs—“Buffett, Bogle and Bible” strategy. Ask your advisor how you did so far in 2021.

2021 Total Return Fund Long-term Return Longevity

15.2% 500 Index 11.3% since 1976

17.3% Energy 8.8% since 1984

15.5% Extended Market 10.7% since 1987

10.4% Health 16.2% since 1984

6.3% International Growth 11.6% since 1981

17.7% PRIMECAP 14.2% since 1984

16.4% Small Cap Index 10.6% since 1960

5.1% Wellesley Income 9.7% since 1970

19.6% Windsor 11.5% since 1958

19.0% Windsor II 11.2% since 1985

14.3% Average 11.6% *

*Average Annual Returns as of 06/30/21.

Investing just $250 a month in the 500 Index alone can compound (Buffett’s secret formula) to $1,000,000 in 33 years. That’s $99,000 in and $999,999 out.

https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045

How do we know our advisor is taking advantage of us?

Even the wealthiest get taken by their “trusted” advisor. We are subject to the same bad treatment. I follow the abuse of those who put their hard-won assets with a paid “professional” money handler. If you don’t understand the cool-sounding products you own or how much you paid for them, you are being abused. If you don’t get consistent logical communication from your advisor, you are being abused. I once told my broker to sell my investment in a fund and he ignored my request, advising me to transfer the money to an annuity. My complaint to his boss was ignored. I took my money elsewhere. Wall Street makes it almost impossible to learn about the bad actors. It is easy to get their ‘rap’ sheet of complaints wiped off the record at https://brokercheck.finra.org/. Arbitrators in the Finra-administered forum are “rubber stamping” expungement (delete) requests. Many brokers or their firms settle before the hearing, thus erasing it. If you feel pushed into transactions, you are being abused. The people who get ripped off by financial advisors are those who do not pay attention. Ignoring the details of what you own leads to abuse. Advisors must generate revenue to stay employed so they will interpret your goals differently than you do. You can’t just tell them to “make money.”

https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Can our employer help us accumulate enough to retire?

Large employers have the ability to help us with low-cost high-return investment options. A small biz may use an insurance agent to set up high-cost annuities for each person. Both employers can help us grow our nest egg without current taxes but poor and expensive options from an insurer can kill long-term accumulation. Example: Big firms offer us 401k plans with low-cost index funds (0.04%) that can compound our contributions at 11% per year. After having $125 invested in a stock index fund every 2 weeks, we can build a $1-2,000,000 retirement. Our $250 a month goes into a tax-deferred plan so our income tax is less each year. Small firms put us in plans with overall long-term costs of 1-2% which can take 63% of our possible accumulation. There are better solutions for those stuck in these plans but we must pursue them ourselves.

Use this guide: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

Do you over think your investments?

Who are these new Wall Street gamblers? The typical soldier in the army of retail traders upending Wall Street is a 31-year old who grabs their smartphone seven times a day to check the assets in their first-ever brokerage account, which may well hold a good chunk of cryptocurrencies in addition to stocks. It is the excitement of the chase, the thrill of beating the paid “professionals” and the fun of doing the opposite of what investment wise men and women profess from experience. When the general stock and crypto markets are booming, neophytes will jump at anything with a good story. Hey why not put down some money since everyone else is. When the ‘other shoe’ drops and markets go against these new players, who will they blame? Will these new gamblers stay pat or run for the hills when their accounts fall. New gamblers are not your typical ‘buy and hold’ investors so new BDs may not survive when buying stops. Gamblers usually don’t know the time-honored “regression to the mean” so they may be financially crippled.

Switch to the long view: https://www.amazon.com/Money-Ball-Investing-Winning-unfair-market/dp/1548831409

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

Our Jan 6 ‘Truth and Reconciliation Commission’

Trump’s Attorney General: “Trump bullsh*t”

Finally, Biden fighting for voters

Too late: Supremes decide we can’t vote anymore

How Govt wastes our money:

Pentagon tells us again “there are no UFOs”: just dirt on windshield or space garbage?

GOP says Biden does not have a done infra. deal: Congress needs another vacation?

Congress to pass Voting Rights Act II after Supremes kill 1965 law: no voter fraud now

Court: Facebook can’t be a monopoly since it already bought the competition: too late!

SD sending troops to guard Texas from Mexican invasion: GOP’s private army?

Supremes decide CA can’t see private army funders: rich hide influence in elections

Jan 6 coup attempt investigation: little GOP help unlike Benghazi terrorist attack panel

SCAMS/SPINS:

B of A Merrill took higher fees on rollovers of unit investment trusts: fine; no jail

Crown Capital Securities caught selling high-fee funds; not offering others; fine $1.3 mill

Crypto sellers take big fees: at casino, the only investment winner is the house

16 Cars That Now Cost More Used Than New: did you want chips with that order?

Phillip Conley Alpax stole $5 mil caught fake statements with high returns; prison

Burlington Financial caught offering fake debt relief credit repair stole $30 mil; no refund

Robinhood caught giving false information misled about options: fine; $12 mil refunds

Isaiah Goodman MoneyVerbs caught promising “safe, secure, profitable” returns: 7 years

‘My Book Live’ data at risk: remote deletion of hard drive by hackers

83 percent of young adults fell for scams, more than any other age group: Facebook leads

Google Voice Scam: typically associated with Craigslist when you sell—phone public

Amazon Echo automatically shares your internet with neighbors: we are all connected

CA officials won’t travel to states that discriminate: 17 states with hate LGBTQ laws

Boy Scouts offer insurance money to sex abuse victims: sex abusers go free; none jailed.

J&J caught promoting opioids in NY and world: fine; no jail: lawyers retire on $27 mil

NC man faked his own kidnapping to get money out of grandparents to pay drug dealer

Agora Health publications using deceptive health/income claims to seniors: FTC ignored

Medicare screens: check if you are already covered: https://www.medicare.gov/coverage

Ban on “surprise” medical bills starts NEXT Jan: doctors I didn’t hire bill $thousands$

Only unvaxxed admitted hospital for Covid now: half of Americans still say no

Vaxx: “if the government says to do something, you need to do the opposite” Moscovite

Inspectors saw erosion from years of sea flooding in basement car park. Miami floods!

Warming warning: Congress waiting for polar ice to float into NY harbor to stop CO

Tesla recalls 300,000 3s, Ys made in China: auto driver software fix: no backseat driving

Passenger jumps from plane taking off after fight: mask mandate?

Gun play now requires insurance: rights and responsibility: pay to play Wild West is fair

When everyone has a gun, the heroes get shot: hero had killer’s gun so police shot him

Trump on US: “They want law and order”; US indicts Trump org. Trump evades the law.

Trump tax-evasion scam: $21 mil tax deduction for not selling his mansion’s backyard

Jobs

Surfside Mayor: “We just need to start to get a little more lucky right now.”

FL gov wants juveniles to pay all their lives for mistakes: no jobs, housing, educations.

Who owns your account now?

El Salvador currency: Crypto seller installs 1500 crypto ATMs: Bitcoin costs $30,000 ea?

Scotland Yard seizes millions in crypto from money laundering operation

Are there FREE colleges: some requirements

Miracles:

Nearly all COVID-19 deaths now in people who weren’t vaccinated: even Trump got vax

MIT builds computer from molecules: almost perfected

Jonathan Bauer jumped off bridge to save toddler who fell into bay after a vehicle crash

Virus mutates back in LA: Masks required indoors

West: British Columbia reached 121: Warming buckles roads GOP is silent

$949 cancer test: reduce 5-year cancer mortality by about 40% prevent 100,000 deaths

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

Friday, June 25, 2021

Buffett's wealth building advice

Did you have an Annual Money Checkup?

The Annual Money Checkup is the way our readers confirm their savings and spending are on target. New jobs require new 401k commitments and new IRS form W-2 for tax withholding. IRA contributions can also help build wealth AND reduce taxes. It is almost like Uncle Sam helping you create a retirement you can’t outlive. If you are leasing a vehicle, use current low rates to buy a 3-year old version of the one you love. If you are paying for life insurance you don’t need anymore since the kids are gone, redirect the premiums to a tax-FREE IRA. Make sure you are receiving a fair deal from your advisor. Paying 1-2% of your portfolio every year can reduce your possible nest egg by 63%. You will need that extra money more than your broker. Use the Miracle of Compounding to double your Wealth Reserve as Warren Buffett does: “My wealth has come from living in America, some lucky genes and compound interest.”

Use your tax-FREE IRS account: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072/

Building wealth is easy if you follow Warren Buffett’s advice

Warren Buffett is your investment advisor—without the fees! The greatest investor of our time with a proven record of $105 BILLIONS, Buffett has provided FREE lessons and guidance for many years—we were just NOT listening. His comments and letters to shareholders since 1977 are FREE. He has explained not only the management of his fund; he has taught us how to invest and provided guidance on the trends of the times. http://www.berkshirehathaway.com/letters/letters.html He has explained why we should NOT follow the advice of Wall Street. He has told us how to be successful investors. He has explained how to turn $9 a day into $1,000,000 over time. He told us the KEY to investment success is COMPOUNDING. “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” Compounding is money earning money on its earnings when it is invested. We can reach $1,000,000 by investing our money in businesses sharing profits with us over time. A special account available to most working Americans makes our money tax-FREE. Tax-FREE is like a $300,000 bonus—we avoid paying taxes— federal and state income taxes on our earnings when we take them. Buffett shows us how to invest FREE of fees too. Set up your tax- and fee-FREE account in 1 hour.

https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Is crypto currency right for you?

Crypto is 'rat poison', a third of mainstream investment firms tell JPM. Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labeling the emerging asset class as "rat poison" or predicting it would be a temporary fad. Four-fifths of investors also expected regulators to get tougher on the asset class, while a whopping 95% of them believed fraud in crypto world was "somewhat or very much prevalent", the survey found. So, be prepared for a long anxious ride if you make this wager. Avoid tempting your family if you happen to have a great day with bits of code. Get them started on the right footing.

https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Give your graduate the best gift you can give them: tax-FREE money

High school and college graduates need the best gift you can give them: a future of tax-FREE income. Get them started now since your gift can grow many times its value over time. For instance, $50 invested now can provide them with $20,000 when they need it later. Since you have started your grad off with this special IRS-approved tax shelter they will find it easier to keep saving/investing the right way. They will end up with a tax-FREE retirement. They can create a $500,000 tax-FREE account. Some young people have grown their accounts to over $1 million by investing $167 a month while they work. That is $2,000 a year. They will pay NO taxes on their wealth. They can avoid future tax increases. They can boost their savings by 30% with just the fed/state tax savings alone. And if they need a home down payment or business start up fund, they can use the contributions tax and penalty FREE.

Perfect gift: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

How does the Miracle of Compounding work?

A reader shared his long-term investing results. This reader invested $250 a month in a Vanguard fund from 1963-2003 and then he retired from teaching school. His money earned 10.93% real return (after inflation; before taxes). The long-term average return of the S&P 500 index is 11.06%. A $2 million nest egg just takes time. No trading.

24%	$3,720
16%	7,795
12%	12,091
-10%	13,582
24%	20,561
11%	26,153
-8%	26,821
4%	31,013
14%	38,775
19%	49,713
-14%	45,333
-26%	35,766
37%	53,110
24%	69,576
-8%	66,770
6%	73,956
18%	90,809
32%	123,827
-5%	120,486
22%	150,653
21%	185,920
6%	200,255
32%	268,297
19%	322,843
5%	342,135
17%	403,808
32%	536,987
-3%	523,787
31%	690,091
8%	748,538
10%	826,692
2%	846,286
38%	1,172,015
23%	1,445,268
33%	1,926,197
28%	2,469,372
21%	2,991,570
-9%	2,725,059
-12%	2,403,420
-22%	1,874,601
29%	2,412,905

https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513

Shop for car insurance every 2-3 years for value

Insurers change their ‘best’ customer portfolio all the time in an effort to weed out drivers who they calculate will make a claim. I was dropped by my NJ carrier once for that reason. I complained to the state insurance regulator and was reinstated. However, I had already moved on to another provider saving $300 a year per vehicle. When I got involved in installing car insurance products at my bank employer, I learned that insurers are constantly looking for more profitable niches. So you need to do the same—shop for a better deal based on the 20 or so discounts you may qualify for. Also you may be over-paying because your ‘profile’ has changed. Since you don’t know which driver profiles each carrier is looking for, you must shop. Shop the insurers with the highest customer ratings in your state according to JD Power. Don’t overpay. I overpaid for years.

Use this shopping strategy: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634/

Are you paying too much for your 401k?

Your employer may be hiding the higher fees and kickbacks you may be paying on your investment contributions; Or providing you with substandard mutual funds which rob you of long-term growth in your retirement fund. Take a clue from this: Transamerica was caught offering underperforming investments to its own employees and agreed to pay $5.4 million to settle. However this amount does not make them whole since it does not include the compounding factor since 2018. What makes it worse is this employer is in the business of providing ‘quality’ investments so it knows about good and bad funds. 401k plans are famous for hiding their fees and charges from participants but you can determine if you are overpaying for your 401k plan or using bad funds. Low cost is best.

https://www.amazon.com/Robbing-You-Blind-401k-fees/dp/1493588966

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—We rejected an "American fascist"

Dictator’s Justice Barrs justice

Biden may defend Trump’s incitement of failed Coup

Coup coming in August: Gen Flynn leads terrorists: take WH

Our ‘Truth and Reconciliation Commission’

How Govt wastes our money:

GA purging thousands of voter registrations despite no illegal voting found 2020

President’s military can force us to end lawful demonstration anytime he holds PR stunt

Biden to defend Trump for 25-year-old rape case: famous/rich get away with rape blame

We are in denial: US calls ‘Coup’ to overthrow gov; kill VP a ‘riot’: Riot vs Coup

We train Saudi bin Salman’s assassins: killing those who disagree, like our reporter

SCAMS/SPINS:

GOP bishops ban Biden from Host despite pope warning not to use Host for politics

Biden nepotism revived as relatives of relatives take top paying jobs from Uncle Joe.

FL overturns CDC virus rules for cruises: sail with the virus aboard: “f*%k the Feds”

South has 4 times more murder than Northeast: 9 of 10 guns in NYC from out of state.

FL man pulled gun on a drive-thru worker because they messed up his order: 2^nd Amend?

9^th Circuit hold up Benitez’s OK for AR-15 is “good for both home and battle” for killing

Ohio teachers carry guns in school: Kill or disarm students? Weapon and training pay!

GOP will decide if we, life-long Americans, can vote: disenfranchise Dems

Teachers uneasy: GOP telling them what they can’t discuss in class: Scopes trial 1925

Lies finally catch Giuliani: misleading statement to courts, lawmakers, public: no jail yet!

Farmers Insurance caught selling annuities that lapsed; no value; no sales oversight

Ramiro Sugranes caught misdirecting client profits to own relatives: clients lose $5 mil

Wall Street ‘analysts’ trying to promote trading by ‘predicting’ market changes—Dah

IRS favorite scams: https://www.irs.gov/newsroom/dirty-dozen

Nearly all COVID-19 deaths now in people who weren’t vaccinated: 153 fired at hospital

Jobs

VP Pence may have to go Dem to get work: GOP still hate him for their Coup failure!

Americans are ditching their jobs by the millions: 650,000 quit retail in April.

Are workers at your hospital/clinic/doctors required to get vax or ‘free’ to infect us?

Who owns your account now?

Colorado Lets Cities Set Their Own Gun Laws: assault weapons allowed/not allowed

India Walton, democratic socialist, nurse, scores victory in Buffalo NY: we voted her

Miracles:

Biden is welcome to receive communion at many Protestant services: God welcomes all

10 million more folks have health care during the pandemic: ACA confirmed Supremes

Warming: CA water turns to dirt as draught empties lakes reservoirs; rich water lawn still

Miami high rise falls: just inspected: 99 missing; “wakeup call for coastal developments.”

German military installs its first rabbi in a century: Jewish soldiers number around 300.

An ancestor of our ancestor Neanderthals found in Israel lived 130,000 years ago.

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

Friday, June 18, 2021

Where can your child invest those graduation gifts?

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to buy low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in retirement supplement. Investing requires patience not fast trading.

Time not trading: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Do you need long-term care insurance?

Many will need day to day help in living and our long-term care facilities can be a life-saver for many families who cannot care for loved ones at home. America has not done a great job to identify facilities that fall short of the care standards required of every one of our nation’s nursing homes. In such facilities, some residents have experienced outright neglect, such as going without proper nutrition or languishing in filthy conditions. Some older adults and people with disabilities have even experienced physical abuse, sexual assault and premature death. Two Senator’s name some bad actors: POOR CARE IN AMERICA’S NURSING HOMES. We know care is expensive so the question is how to do we deal with this situation. Long-term care insurance can help cut out-of-pocket costs if you find an acceptable facility or at-home compromise. But does it make sense to invest in this product with so many exclusions, exceptions and caveats? Consider all the options before signing up—there is no refund. Remember, insurers are for-profit entities.

https://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X

Advisor checklist: sales people you should fire

Most advisors/brokers/financial consultants are sales people. They are trained to sell the products their employer picks for profit. Rather, your advisor should be a fiduciary—give unbiased advice—for a stated price. They shouldn’t have a rap sheet—BrokerCheck. Work with a specialist who understands what you need. Avoid advisors who advertise or do ‘free’ meals or who serve family members. Learn about what you need before you interview. I have found that fee-only planners give more honest answers than financial salespeople. Planners have a reputation to protect.

It is your money: https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545

Investing is not hard unless you ask a ‘professional’ to do it

Ever find out after an expensive plumber visit that you could have done the same thing for almost nothing? I recently had a stopped up tub drain and called the guy used by my neighbor which cost me $400. After running his cable auger for 20 minutes and checking that he hit the bottom of the soil stack, he asked me to provide a bottle of dish-washing liquid. I got my $5 blue Dawn from the kitchen and watched him squeeze a stream into the drain with running water. Wham! In minutes the drain was clear and running fast. This professional collected my $400 and said, yes, soap builds up a grease blockage. Now I clear it once a week with my dish-washing liquid for fifty cents. According to Warren Buffett successful investing is about letting compounding work its miracle automatically in time. Investing is a habit—just keep adding to your fund and it will flow.

https://www.amazon.com/Building-Wealth-Like-Brushing-Teeth/dp/1470141469

Is it worthwhile to learn personal finance?

Have you taught your child how to handle money? More high schools are promising to offer personal finance classes but are they really helpful? In the past, surveys show kids forget more than they learn about personal finance. In short, most courses provide too much info at a time when your child is not ready to learn. There is no immediate use for learning the difference between stocks, bonds and municipal bonds. And most of the content is sourced from the industry so you never learn that Warren Buffett recommends low-cost Vanguard fund. Courses perpetuate the myth that only paid professionals can provide sound advice. After running programs in security firms and banks, I concluded that the folks who needed the help the most were not going to get it from the industry. My colleagues and I put together how-to books for every separate topic. When you need to know which insurance to buy, you learn it then. When you need to know which 401k or IRA investment option to pick your first day at work, you learn which is best for you. No one will remember what they learned in high school. Plus when you learn on your own, you learn about more UNBIASED alternatives.

Get them started: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

Patience makes you rich, Warren Buffett says

From 1985 to 2014, the average stock fund returned 10.7%, but the average stock fund investor got just 3.8%. Why? They tried to time the market, jumping in and out and invariably getting it wrong. During the same period, the average bond fund returned 6.9%, but the average bond investor earned just 0.7%. As one member aptly put it, “Seems hard for people to just buy and hold for the long term.” They get greedy and try buy low and sell high. That means being a stock market genius TWICE. It may seem counterintuitive, but over the long term you really do make money sitting on your hands. Warren Buffett: “The stock market is a device for transferring money from the impatient to the patient.”

Try patience: https://www.amazon.com/Millennials-Investment-Strategy-BEST-journey/dp/1533079242

Is rental real estate a good investment?

The market value of Single Family Rental assets totals more than $2.3 trillion. This analyst offers the first systematic analysis of total returns to Single Family Rentals over a long time period. They find that total nominal returns are approximately equalized across US cities, at about 8.5%, the same order of magnitude as equity returns. On average, net rental yields and house price appreciation have each contributed around half of the 8.5% total return. However, these two components are negatively correlated. High price tier cities accrued more capital gains, while low price tier cities had higher net rental yields. Within cities, they show that lower-price-tier zip codes have higher total returns as a result of both higher yields and higher house price appreciation. You can imagine how much work it is to be a landlord so the better deal is to invest in a real estate investment trust (REIT). You can earn 10% over time using a low-cost fund like Vanguard’s VGSLX. Low-cost funds beat high-cost funds every period.

https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Give your graduate the best gift you can give them: tax-FREE money

High school and college graduates need the best gift you can give them: a future of tax-FREE income. Get them started now since your gift can grow many times its value over time. For instance, $50 invested now can provide them with $20,000 when they need it later. Since you have started your grad off with this special IRS-approved tax shelter they will find it easier to keep saving/investing the right way. They will end up with a tax-FREE retirement. They can create a $500,000 tax-FREE account. Some young people have grown their accounts to over $1 million by investing $167 a month while they work. They will pay NO taxes on their wealth. They can avoid future tax increases. They can boost their savings by 30% with just the fed/state tax savings alone. And if they need a home down payment or business start up fund, they can use the contributions tax and penalty FREE.

Perfect gift: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—We rejected an "American fascist"

Coup: “We are here to take over the Capitol, we are here to hang Mike Pence”

Dictator spied on own counsel and Dems

‘I didn’t take an oath to defend Donald Trump’

Will we reject American fascism again?

How Govt wastes our money:

Biden Justice Dept still protecting its lawyers and Trump spying on Americans: swamp

IRS almost never audits private equity firms: illegal tax avoidance made legal for rich.

SCAMS/SPINS:

YouTube stops GOP from spreading lies about covid cure: Hydroxychloroquine or Ivermectin