What is your attitude concerning tax-exempt foundations?

It is common knowledge that the super-rich of America's corporate world avoid taxation by channelling their money into tax-empt foundations. David Allen Rivera gives us a clearer picture of what is going on in his book "Final Warning."





"According to Rep. Wright Patman, in a report to the 87th Congress, it is because of the existence of foundations, that "ONLY ONE-THIRD OF THE INCOME OF THE NATION IS ACTUALLY TAXED."





"Before 1900, there were only 18 foundations; from 1910-19, there were 76; during the 1920's, 173; the 1930's, 288; the 1940's, 1,638; and during the 1950's, there were 2,839 foundations."





"United Press International (UPI) reported on July 19, 1969, that the top 596 foundations had an INCOME THAT WAS TWICE THE NET EARNINGS OF THE COUNTRY'S 50 LARGEST COMMERCIAL BANKING INSTITUTIONS." (That's correct. Read that last statement one more time.)





"The worst offenders in this racket are the openly Communist Rockefeller family. Among their major holdings are: Chase Manhattan Bank, American Telephone %26amp; Telegraph (AT %26amp; T), Eastman Kodak, IBM, General Electric, Texas Instruments, Xerox, Minnesota Mining and Manufacturing, Monsanto Chemical, Aluminum Co. of America (Alcoa), Armour, Bethlehem Steel, Chrysler, DuPont, General Motors, International Paper, Polaroid, Sears and Roebuck, Standard Oil of California (Chevron), Standard Oil of New York (Mobil), Standard Oil of Indiana, U.S. Steel, International Basic Economy Corp., International Harvester, Quaker Oats, Wheeling-Pittsburgh Steel, Itek, Federated Department Stores, Walgreen Stores, Transcontinental Gas Pipeline, Consolidated Edison, Anaconda Copper Co., General Foods, Pan American World Airways, Colgate-Palmolive, E. I. du Pont de Nemours, W. R. Grace, Inc., Corning Glass Works, Owens Corning Fiberglass, Cummins Engine, Hewlett-Packard, R. R. Donnelly and Son, Dow Chemical, Teledyne, Inc., Warner-Lambert, Westinghouse, International Telephone and Telegraph (IT %26amp; T), Motorola, S. S. Kresge, Texaco, National Cash Register, Avon, American Home Products, Delta Airlines, Braniff Airlines, Northwest Airlines, United Airlines, and Burlington Industries."





Yet they pay no taxes. The rationale of such scheisters is that foundations are devoted to philanthropic work. Here are examples of the causes endorsed by such foundations.





"The Rockefeller Foundation provided over $50,000 to fund the Building America textbook series, which played up Marxism, and sought to destroy "traditional concepts of American government." Over 100 communist organizations contributed material, including the writings of over 50 communist writers. The California Legislature said that the books contained "purposely distorted references favoring Communism..." The Foundation contributed money to the pro-communist New School for Social Research in New York City, and funded projects for the communist-staffed Southern Christian Leadership Conference, led by Rev. Martin Luther King, Jr. Rep. Cox said that the Rockefeller Foundation has "been used to finance individuals and organizations whose business it has been to get communism into private and public schools of the country, to talk down to America, and play up Russia..." The Foundation also funded the Kinsey Report, which heralded a new era of sexual immorality."





"Final Warning" by David Allen Rivera, www.comingjudgement.250x.com (Free Online Edition)





SERIOUS REPLIES ONLY. INDIVIDUALS TROUBLED BY INSOLENCE AND VICIOUSNESS SHOULD MOVE ALONG.|||that happens because most of the politicians that make these laws have some personal intrest in these companies....it's really a legal form of organized crime ....no different than Al Capone.|||I've never been able to understand why a Republican contributor is a 'fat cat' and a Democratic contributor of the same amount of money is a 'public-spirited philanthropist'.





Ronald Reagan





This is a way for politicians to exempt themselves from income and corporate taxes in the same way they exempted themselves from Social Security and the same way the will exempt themselves from Obama Care.