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Posts Tagged ‘Intergenerational transmission of wealth

Three Footnotes to About 2,500 Words on Why I Still Bother (to Blog). (#2 of 2,June 29, 2019)

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Three Footnotes to About 2,500 Words on Why I Still Bother (to Blog). (#2 of 2,June 29, 2019) (short-link ends “-ad3” | just under over 2,000 words).  Two Posts published in a row only to segregate the footnotes from post In About 2,500 Words,** Why I Still Bother… (short-link ends “-ac4″/ #1 of 2) which really should be read first.  It’s more important and has more content.

These footnotes are named, not numbered; each has its own text box and background color.

Footnote:  Taxation + Tax-Exempt Sector: “Not quite the level-playing field facilitator…”

The private, tax-exempt sector can’t even be seen as a whole without significant and ongoing attempts to follow tax returns (audited financial statements, often in rare supply, are also necessary). Unfortunately (?–is it really fortune/happenstance, or coincidental?), structure and access to databases of IRS tax returns are designed, organized, and controlled by the same tax-exempt sector (increasingly, merging into each other, as “Foundation Center” recently did by acquiring “Guidestar” and now labeling it “Candid”)  Or, The Urban Institute did by re-structuring its previous data base “NCCS” (National Center for Charitable Statistics), which I just revisited after having noted a year or so back that it’d been shut down; readers were directed to just a few alternate providers).  IRS.gov holds much, but doesn’t upload several years worth of returns, and not all organizations that file or once filed are searchable on its Exempt Organization Search list.
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Profits and Pitfalls of Intergenerational, Family-Controlled Public Corporations (K-V Pharmaceuticals)

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It started here, piddling around* on the —

Business Entities
Then, clicked on “Disclosures search”
Publicly Traded Disclosure Search (California)

*for “piddling around,” that’s part of how I learn. A synonym is “checking this database again,” and the general interest was, how large a sector, really, is involved in public-traded companies in my state? (I’ve spent so much in the nonprofit sector, and how they work in)… It’s a mindset. There is a way to search “All Companies” at the bottom of one of their screens. I found this, looked at it, picked out one, picked out a director’s name, and took off from there.


These are organizations that sell their stock, and are under the SEC regulation. As the public, we get to know what their officers are making, if they’ve in any legal or criminal proceedings (it happens), and in general, take a look at how another half (so to speak) does business, inbetween listening to how those who run the welfare system want believe is a better way to live.


The coincidental find was just too danged interesting, not to report — and again shows how deeply entrenched the pharmaceutical industry HAS to be with government if they want to do business. HOWEVER, this post is close to simply my reading notes; and general FYI info. …WYSIWYG…

I do think about this, after two decades of fighting the same issues (essentially) with the same people, plus some (essentially), when in truth, I’d just rather be working – than listening to people trying the guilt trip on my failure to work around the aggressions, or seek out how to keep or reconnect one basic service or another — like phone, internet, transportation, or to hold it together to get food, barring the ability to (who does this anymore?) raise my own.



I can see that the discrepancy between wage-working public and those running public-traded companies, especially in the Pharmacy business, is pretty remarkable. Pushing drugs via Medicaid or Medicare can be risky, if you have a crook at the top.

My search was so unbelievably random — I just happened to start looking at the list of public traded companies (in California). There are over 13,000 of them.

Preamble (Ramble)

If you don’t like these, just scroll down and read the articles, and the public disclosures.

I found this shed some light on the preachy tone of Congress on how they should centralize operations to better lift the poor out of poverty. Is that how THEY make their wealth?

This ENTIRE conversation is shown in its true colors if one begins to examine the people studying the poor — and contrast how they make their living (which is, off the poor, or studying them in institutions funded by corporations that made their wealth, originally, HOW???…. Ford, Rockefeller, Carnegie, …. HOW??? And closely controlled it thereafter…

The fact is — the general idea is to keep a handy source of low-wage laborers and substandard (at least when compared to the schools of the elite), conditioned to understand their lot in life (competing with overseas), remembering how great America is, while convincing the same masses to give up more and more liberty for less and less “ROI” on the same.

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