Tag Archives: wealth inequality

Ode to Citizen’s United (The Corruption-Spangled Banner)

illustration citizens united

Ode to Citizen’s United (The Corruption-Spangled Banner)

Oh, say can you see by the sunset’s late light…
What so proudly we hailed at morning’s first gleaming?

Whose broad stripes and bright stars now doom us to fight,
O’er the ramparts, we watch, so miserably screaming?

See the money’s gold glare, FOX lies bursting in air?
Solid proof through this night that the hate is out there.

Oh, say does that corporate-stained banner now bleed…
O’er this fat land of ignorance, this sad home of greed?

On the shore, dimly seen through the mists of vast wealth,
Where the haughty one percent in dread silence repose,

What is that which the breeze, o’er slumbering stealth,
As it fitfully blows, FOX used to conceal, to disclose?

Now it catches the gleam of the twilight’s last beam,
Its full shame reflected now, blood-red in the stream:

‘Tis the corporate-stained banner! Oh long may it bleed…
O’er this land of ignorance and this new home of greed!

And whence the greedy who so lightly engage…
Wreaking havoc thru war and battle’s “solution,”

Leaving our home and ourselves forever in rage?!
Our blood has been sucked for foul lies & pollution.

No refuge can save us, now mere hireling & slave,
From the terror of flight, or the gloom of the grave:

And the star-spangled banner in despair doth bleed…
O’er the land of ignorance and the home of greed!

Oh! Thus be it ever, when sleeping citizens don’t stand…
Between their beloved homes and war’s desolation!

Cursed with intolerance and pain, will our troubled land…
Bitch-slap the one percent that birthed this abomination?

And bitch-slap we must, when our cause it is just,
And this will be our motto: “In gold is not our trust.”

Lest the corruption-spangled banner forever bleed…
O’er the land of ignorance and the home of greed!

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Filed under amerka, anthem, corporate states of amerka, poetry, star spangled banner, united states of america

Disgusting “Dynasty Trust”

Dynasty trust

DISGUSTING!!!!!  Why do people think this way?  I condemn this trust to HELL!!!  In a handbasket!!!

“The Dynasty Trust is an excellent tax planning vehicle as it permanently removes significant assets and the future appreciation on those assets from the transfer tax system. If no one “owns” these assets in the future, they will not be part of anyone’s taxable estate. In addition, the Dynasty Trust is an excellent asset protection vehicle. With no owner’s of the assets, creditors cannot make successful claims against the assets in these trusts, allowing them to be preserved, even against liability claims against the trust’s beneficiaries.

The trust is initially created for “primary beneficiaries” who are the Grantor’s children. They are given a limited power of appointment over the trust property in favor of their descendants. If this power is not exercised, the trust property passes to the descendants of the Grantor’s children, and so on. The trustee has discretion to pay a beneficiary income and principal from the trust, but is under no obligation to distribute any property at any time.

The trust is sensitive to the possible generation-skipping tax issues that can arise in this type of trust. (Section 3.1B). The trustee is given broad investment discretion. (Sections 3.1A and 3.3)

Since the trust is intended to last a very long time, the initial trustee is not likely to outlive the trust. Circumstances unforeseen at the inception of the trust may very well occur. For these reasons, the trust (section 4.5) appoints a “trust protector” – a person or institution to serve as the trust’s “watchdog” over what may need to be changed, amended, removed, etc. as time goes on.

Article 10 is also worth noting. The Grantor should consider how he/she may want to define such basic terms as “spouse” and “child”, given the potential long-term of the trust and evolving issues of social change, genetic engineering, etc. One can consider a “traditional” definition here, or allowance of either present or possible future definitions to be included in the trust.

 

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Filed under legal writing, notes