Posted on 03/13/2015 7:30:04 PM PDT by Steelfish
THE FOUNDING FATHER… AND MOTHER… They’ve created the ultimate scam for themselves: The Clinton Foundation!
By Jay D. Homnick – 3.13.15
Hillary Clinton came of age during the Burn-the-Bra era of the Sixties, but she did not adopt its disdain for foundations. Quite the contrary. Bill and Hill have created the master scam of our generation, ripping off individuals, institutions, corporations and even entire countries… and they call it a foundation! One thing is clear: the Clintons are engirdling the globe and the fat cats have to suck it up.
Truth is I was way ahead of the Man from Hope and the Queen of de Niles on this score. Decades ago I was advising wealthy friends to stop constructing all these elaborate trusts which line the pockets of lawyers and eventually breed various headaches. It makes much more sense to throw most of your wealth into a huge pot and call it a foundation. The law requires giving five percent of its assets to charitable causes each year. Stick to that number and if the endowment earns more than five percent, it is essentially turning a profit like a business. Nor is there ever an estate, as the structure holds fast for ensuing generations to pass through.
Put another way, you can run a hedge fund and call it a foundation.
The family funding the private foundation retains control over its officers and employees. In fact each family member can be listed as an officer in some capacity. You can then count all sorts of outlays, such as flying around in private planes and staying in upscale hotels, as foundation expenses. This enables you to shield a significant portion of their real income from taxes. ....
(Excerpt) Read more at spectator.org ...
On the 8th day, God looked down on his creation and said, ‘It’s way too honest and forthright.’
So God made the Clintons.
The only thing she “found” was a stained blue dress.
Agree. It is long past time to revoke the tax free status of foundations. Let them pay taxes on earned income at the corporate rate.
Absolutely. It is nothing but a money laundering scheme, so the elites can use millions of dollars to control corporations, judges, churches, universities, publishing companies, etc. They have literally funded church building, and then dictate who is the “pastor” and who is on the front page of Time magazine. This has been going on since the early 1900s.
It is all about the perceptions of the masses (”Edward Bernays Reality” is what we “think” is true (exactly what the elites WANT us to think)-—when we have been fed Big Lies which are repeated over and over in hundreds of their controlled magazines and controlled radio stations and TV programs, and we have swallowed it and it has made us into slaves little by little for a century and dumb as stumps, since all we know is lies and misinformation.
Very well said. Few understand what corporations really do, and what they are really for.
Running scams and pocketing as much as they can for themselves, it’s what the Clintons do.
“..... The gifts in question were: A kitchen table and four chairs valued at $3,650 from Lee Ficks of Cincinnati, Ohio; a $1,000 needlepoint rug from David Martinous of Little Rock, Ark.; two sofas, an easy chair and an ottoman worth $19,900 from Steve Mittman of New York; lamps valued at $1,170 from Stuart Shiller of Hialeah, Fla.; and a $2,843 sofa from Brad Noe, a businessman from California.....
The gifts were just one of several flaps that followed the Clintons out of the White House:....
Lawmakers are questioning Clinton’s desire to rent expensive office space in New York City at government expense. Because of the contention, the former president’s foundation has offered to pay at least $300,000 of an estimated $790,000 annual rent for the office Clinton favors.....
Mrs. Clinton, the new senator from New York, has faced questions about the propriety of accepting the gifts in the period between her election and her swearing-in. Senate rules would have limited what she could accept had she been a senator......
Members of both parties also have criticized Clinton for granting scores of eleventh-hour clemency requests, including the pardon of Marc Rich, a fugitive in Switzerland from 51 counts in the United States of tax evasion and fraud.” ....
http://abcnews.go.com/Politics/story?id=121856&page=1&singlePage=true
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