The NFL is a non-profit organization.
You’re fucking kidding me, right?! There is nothing more “for-profit” than pro sports. And this info isn’t just something I read in a Facebook meme – according to Forbes Magazine, the NFL rakes in 9.5 billion a year, but is given tax-exempt status according to some outdated 1960s tax code. Thanks a lot, jerk-offs, I’m glad that your behemoth organization is tax-exempt while I bust my butt… (Still watched the Super Bowl though.)
Visiting Nurse Services claims to be broke while hiding millions overseas.
The Headbanging Hostess shared a great Facebook meme about this one – and when I read the accompanying article, I was thoroughly depressed. Basically, Visiting Nurse Services, which is the largest home-health-care provider in the country, claims to be $70 million in the hole and wants to cut employees’ benefits to make up the difference. Meanwhile, as of 2011 they had $177 million in “Central American and Caribbean investments.” Hmmmmmmm…
The thing that especially bothered me about this is that being a nurse is supposed to be a “good job.” You have to go to college. You have to deal with every type of bodily fluid. You work nights, weekends, and holidays. But at least you make bank and get good benefits, right? Apparently not. One nurse told PolicyMic.com, “I don’t want to go on strike. I’ve got bills to pay, a kid to raise. But I also don’t want my daughter to lose her health insurance.”
In the 1960s, you didn’t need an education to make a decent living.
Yes, I know that the 1960s weren’t a walk in the part, especially if you were black, female, or a draftee. Still, the thought that someone could graduate from high school, get a random job, and have enough money to afford an apartment is astounding to me. Salon.com’s article The “Middle Class” Myth: Here’s Why Wages are Really So Low Today takes a look about how unions in the private sector – or currently, the lack thereof – affect wages. Using the meatpacking, steel, and fast food industries as examples, author Edward McClellan posits that wages are driven by workers’ bargaining power rather than the skills or training needed to perform a particular job. Read the article to find out why an eighteen-year-old kid shoveling metal balls into a furnace in 1965 made more money than college grads in entry-level white collar jobs do today.
I don’t want to sound like a radical, but there is something wrong with America’s economy today. People shouldn’t have to accumulate tens of thousands in debt to get an education or raise a family, but that’s the state of our nation – and as long as corporations get their tax loopholes and regular folks have credit cards to keep them happy, that’s how it’s going to stay.
It’s a crazy world and it seems like the rich get richer and the poor get poorer.
Definitely. My mom-in-law was a stay at home mom and the fam is wondering if we will do that one day — I’m like, “Have you seen our mortgage bill??”
Not defending VNS but they may indeed be both “broke” pending forward looking projections AND sheltering money offshore. The tax code in the VI and areas of Central America has been specifically designed by those countries to be advantageous for American companies to keep money there. Regardless, interest rates are as low as they’re ever going to be so, although VNS says that they don’t have $70,000,000 but they do have $177,000,000, they’re probably reconciling a rising yield environment and a rising projection of benefit costs going forward.
Think of it this way, if you wanted a Ferrari, you could probably float the payments for a few months. But you know that you’d be broke by June. So, I can’t say, “Jesse May can’t afford a Ferrari? That’s nonsense. A Ferrari payment is $900 a month and she’s hiding $15,000 in a checking account.”
That aside, I’m sure they’re probably scum bags.