{"id":180556,"date":"2017-03-16T19:50:00","date_gmt":"2017-03-17T00:50:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/03\/16\/i-honest-cannot-tell-if-this-is-serious-or-satire\/"},"modified":"2017-03-16T19:50:00","modified_gmt":"2017-03-17T00:50:00","slug":"i-honest-cannot-tell-if-this-is-serious-or-satire","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/03\/16\/i-honest-cannot-tell-if-this-is-serious-or-satire\/","title":{"rendered":"I Honest Cannot Tell If This Is Serious or Satire"},"content":{"rendered":"<p>Someone has <a href=\"http:\/\/citywireusa.com\/news\/passivebeat-our-corporate-welfare-etf-no-taxes-and-outperformance\/a1000514\">proposed an <u><b>E<\/b><\/u>xchange <u><b>T<\/b><\/u>raded <u><b>F<\/b><\/u>und (ETF) of corporate welfare recipients<\/a>:<\/p>\n<blockquote><p><span style=\"color: blue;\">It stands to reason that tax-shy companies outperform, so why not create an ETF for them? <\/p>\n<p>We\u2019ve had funds for sin stocks (the Vice mutual fund which invests in tobacco, booze and gambling) and those for biblical values (The Inspire Global Hope Large Cap ETF recently launched).<\/p>\n<p>Now PassiveBeat presents a new twist on the vice\/not vice idea: the Corporate Welfare ETF. This putative fund is chock full of megacaps that pay no tax and have outperformed the S&amp;P 500. What\u2019s not to like?<\/p>\n<p>We\u2019ve taken our cue from <a href=\"http:\/\/accounts.citywire.info\/IFrameRedirector?returnUrl=http%3A%2F%2Fitep.org%2Fitep_reports%2F2017%2F03%2Fthe-35-percent-corporate-tax-myth.php%23.WMfK-W_yuT8&amp;via=ClickOut\">a report<\/a> released earlier this month by the Institute on Taxation and Economic Policy (Itep) highlighting companies that have benefited from what may charitably be termed corporate welfare \u2013 tax loopholes, subsidies and so on.<\/span><\/p><\/blockquote>\n<p>Is this a joke, or is this an investment strategy.&nbsp; I really cannot tell. <\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Someone has proposed an Exchange Traded Fund (ETF) of corporate welfare recipients: It stands to reason that tax-shy companies outperform, so why not create an ETF for them? We\u2019ve had funds for sin stocks (the Vice mutual fund which invests in tobacco, booze and gambling) and those for biblical values (The Inspire Global Hope Large &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[456,480,421],"class_list":["post-180556","post","type-post","status-publish","format-standard","hentry","tag-finance","tag-taxes","tag-weird"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180556"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=180556"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180556\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=180556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=180556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=180556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}