Tag Archives: Foundations

Why You Can’t Trust the FDA, the WHO, the CDC, the AAP, Merck, GlaxoSmithKline, Sanofi or Pfizer, by Gary G. Kohls, MD

All of the institutions in the title have given us ample reason not to trust them. From Gary G. Kohls, MD, at lewrockwell.com:

“The FDA receives 45% of its annual budget from the pharmaceutical industry. The World Health Organization (WHO) gets roughly 50% of its budget from private sources, including Big Pharma and its allied foundations. And the CDC, frankly, is a vaccine company; it owns 56 vaccine patents and buys and (very profitably) distributes $4.6 billion in vaccines annually through the Vaccines for Children program, which represents over 40% of its total budget.” — Robert F. Kennedy, Jr  

“The American Academy of Pediatrics (AAP) derives a majority of its outside contributions – estimated at more than $25 million per year – from pharmaceutical companies that make vaccines. The pediatricians that the AAP represents derive the majority of their annual revenues from the administration of vaccines to their pediatric patients.) — J.B. Handley  

“Perhaps the most infamous example of corruption at the CDC is how the head of the CDC from 2002 to 2009, Julie Gerberding, left her government job to become president of Merck’s $5 billion dollar/year Vaccine Division. Merck’s CEO understandably described Gerberding as an “ideal choice”. She held that position until 2014 and currently holds the Merck job title of “Executive Vice President & Chief Patent Officer, Strategic Communications, Global Public Policy and Population Health”. That is to say, the former CDC director is now in charge of Merck’s propaganda efforts. One might say she’s basically doing the same job now that she did for the CDC, but even more lucratively. Apart from her salary, in 2015, Gerberding sold shares of Merck worth over $2.3 million. While at the CDC Gerberding shepherded Merck’s highly controversial and highly profitable Gardasil vaccine through the regulatory maize” — From www.collective-evolution.com 

Continue reading→

George Soros’ $18 Billion Tax Dodge Exposed, by Stephen Moore

Who would think that rich people would rig the tax laws in their favor? From Stephen Moore at The Wall Street Journal via theburningplatform.com:

The wealthy have tucked billions into private nonprofits… where the IRS can’t touch it.

Congress is still scrambling to find ways to pay for its tax cut, so perhaps it should pay closer attention to last month’s news that George Soros had transferred $18 billion of his fortune to a private charity that he controls. There it will be sheltered from the Internal Revenue Service forever. This may be the single biggest tax dodge in U.S. history, yet no one on the right or left seems to have raised an eyebrow.

True tax reform is predicated on the principle that all income should be taxed at a low rate once, and only once. But much of the wealth that Mr. Soros spent years moving into his Open Society Foundations will never be taxed. A gift of billions of dollars of appreciated stock escapes any capital gains tax, and the estate tax as well. So Mr. Soros can donate appreciated stock that Open Society Foundations can liquidate without the government ever taking a cut.

There’s more. When a person donates untaxed, appreciated assets to a private foundation, he may also deduct up to 20% of its market value on his personal return, carrying forward this deduction for five years. This double write-off may be the sweetest deal in the tax code.

The donors also can retain control of the money within the private foundation for years or even decades before it is disbursed. Since the foundation can employ family members at six-figure salaries for life to “administer” it, the umbilical cord to the donor never has to be cut.

Congress should stop ignoring this tax-avoidance scheme. The super rich have already poured hundreds of billions into private foundations, but the figure could soon be in the trillions. Mark Zuckerberg has pledged to give away 99% of his Facebook shares, currently estimated to be worth somewhere around $70 billion, and much of it will go to a foundation his family controls. Bill Gates and Warren Buffett have each put roughly $30 billion tax-free into the Bill and Melinda Gates Foundation. This has left the foundation so flush that it spent $500 million on a 12-acre, 900,000-square-foot office complex in Seattle for its 1,500 employees. This is philanthropy?

To continue reading: George Soros’ $18 Billion Tax Dodge Exposed