Religious organizations are allowed to manage billion dollar tax exempt funds with management fees of 100% and nearly constituonal cover for false and misleading statements. Meanwhile, university endowments would be taxed at the same rate as for profit companies if the reconciliation bill passes.
Due to the significance of tax drag for short term capital gains, we might see a world where most high frequency or quant trading is done by the Mormon Church (today posessing assets about double what Bridgewater has under management).
That's true but it sucks, it's just a massive scam masquerading as religion. If there's any legislation to tax the bejesus (pun intended) out of any and all religious groups I'm all for it. It'll pay for all those future wars said groups are always fond of advocating for.
Oorah also owns a ton of property in upstate New York. Specifically, a couple summer camps for kids and tons of houses in the surrounding community. So that’s what their “charity” spends money on.
Also interesting to note that their “boys camp” looks like it gets the lions share of the cash. It looks like a theme park with go karts and camels and water slides next to a lake. The “girls camp” is just a horse farm a few miles down the road.
>I couldn’t help myself from looking more into the Jewish organization that had an anthropomorphic five dollar bill mascot. After additional inquiry, I learned that this wasn’t the result of a Der Stürmer writer brought to New Jersey during Operation Paperclip, it was connected to an actual organization.
> In Oregon, the attorney general added that Kars4Kids failed to disclose that its offer of a "free vacation" for vehicle donors was designed to recruit people to attend timeshare presentations.
Reading that whole page leaves me wondering if this, and possibly how many other charities are really just mechanisms for business/wealth/power development.
You should mostly assume that they are, in general, vehicles for the empowered to direct toward goals of their choosing (e.g. reputation/legitimacy-building), and that those goals occasionally have externalities for anyone else as an accident at best.
Kars4kids sounds like a mini version of U.S. foreign policy except that instead of cars we are giving 6+ wars which have bankrupted the country and killed so many people.
Kars4Kids operates nationwide and is infamous for their earworm radio jingle that plays across the country, though their advertising intensity varies by region.
You might be interested in making a donation to “The Human Fund” - their slogan is “Money for people”. Kruger Industrial Smoothing are a major donor. Ask about the Festivus special.
I've seen ads on the West Coast for Kars4Kids. To be precise, in the Bay Area. I was wondering who donates a car for a kid. They shouldn't driving ... well, till I read more about it. Quite the surprise to stumble over on HN.
You're more likely to have heard of it if you ever listen to broadcast radio, as that's where their ads (with the earworm-y jingle that they're most infamous for) usually air.
Religious organizations are allowed to manage billion dollar tax exempt funds with management fees of 100% and nearly constituonal cover for false and misleading statements. Meanwhile, university endowments would be taxed at the same rate as for profit companies if the reconciliation bill passes.
Due to the significance of tax drag for short term capital gains, we might see a world where most high frequency or quant trading is done by the Mormon Church (today posessing assets about double what Bridgewater has under management).
That's true but it sucks, it's just a massive scam masquerading as religion. If there's any legislation to tax the bejesus (pun intended) out of any and all religious groups I'm all for it. It'll pay for all those future wars said groups are always fond of advocating for.
What wars do religious groups advocate for these days (outside of the Middle East)?
Oorah also owns a ton of property in upstate New York. Specifically, a couple summer camps for kids and tons of houses in the surrounding community. So that’s what their “charity” spends money on.
Also interesting to note that their “boys camp” looks like it gets the lions share of the cash. It looks like a theme park with go karts and camels and water slides next to a lake. The “girls camp” is just a horse farm a few miles down the road.
I assume this kars 4 kids scam doesn't get reported more widely because it's "antisemitic" and TV stations get paid to run the ads.
>I couldn’t help myself from looking more into the Jewish organization that had an anthropomorphic five dollar bill mascot. After additional inquiry, I learned that this wasn’t the result of a Der Stürmer writer brought to New Jersey during Operation Paperclip, it was connected to an actual organization.
Hilarious
An alternative that I had a good experience with years ago was Good News Garage which was started by the hosts of Car Talk.
> In Oregon, the attorney general added that Kars4Kids failed to disclose that its offer of a "free vacation" for vehicle donors was designed to recruit people to attend timeshare presentations.
https://en.m.wikipedia.org/wiki/Kars4Kids
Reading that whole page leaves me wondering if this, and possibly how many other charities are really just mechanisms for business/wealth/power development.
Sorting an excel spreadsheet to find what the "largest" charities in canada are exposed $3.2 billion in fraudulent tax receipts claimed by 100,000 Canadian tax filers https://eaves.ca/2010/04/14/case-study-open-data-and-the-pub...
You should mostly assume that they are, in general, vehicles for the empowered to direct toward goals of their choosing (e.g. reputation/legitimacy-building), and that those goals occasionally have externalities for anyone else as an accident at best.
Definitely. Another example:
https://old.reddit.com/r/Devilcorp/comments/1amkza4/parker_p...
(Charity Navigator, GuideStar, and ProPublica’s non profit database are all useful to drilling down your suss out legitimacy)
It would probably be a good idea to eliminate tax exemptions for nonprofits.
Just assume 100% of them are unless they can prove otherwise.
Wait until you hear about the religious charity lottery exemption.
No one gets accidentally wealthy, especially if they are in the business of "giving money away"
Kars4kids sounds like a mini version of U.S. foreign policy except that instead of cars we are giving 6+ wars which have bankrupted the country and killed so many people.
Wars4wits
I've never heard of Kars4Kids. Must be an East coast thing.
Kars4Kids operates nationwide and is infamous for their earworm radio jingle that plays across the country, though their advertising intensity varies by region.
As a non-US citizen, I heard it in the TV show ‘The Good Place’ as the official Bad Place song: https://youtu.be/iDjX4-LKqCA
You might be interested in making a donation to “The Human Fund” - their slogan is “Money for people”. Kruger Industrial Smoothing are a major donor. Ask about the Festivus special.
I've seen ads on the West Coast for Kars4Kids. To be precise, in the Bay Area. I was wondering who donates a car for a kid. They shouldn't driving ... well, till I read more about it. Quite the surprise to stumble over on HN.
You're more likely to have heard of it if you ever listen to broadcast radio, as that's where their ads (with the earworm-y jingle that they're most infamous for) usually air.
I've even seen the ads on sports channels in BC (British Columbia, not Boston College)
Nope, the Southwest too.
I am in Bay Area. I donated my cars to Kars4Kids before and even recommended to others since their process to donate is simple.
I'm sorry to hear that.
Wait till he finds out about Fiveish
It's mentioned in the article.
It is mentioned in the article.
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