TAX EVADER!!! Lock him up.

[Frederick Foresight]

It will be interesting to (eventually) learn to whom the president owes the upcoming ~$400 million in balloon payments. Especially since no bank other than Deutsche Bank would lend him money after he bilked other lenders and stakeholders repeatedly over the years. And especially since Deutsche Bank has been implicated in money laundering and an unseemly coziness with Russian oligarchs. It will be interesting to see how all the moving parts work together.

https://www.google.com/search?q=deu...hrome..69i57.846j0j4&sourceid=chrome&ie=UTF-8

 

[Nine_Ender]

My comment was in reference to your all encompassing summary of our federal spending and how its all Trump's fault. What I miss here?

Trump ran a huge deficit before Covid even hit when stock markets had rallied to record levels, unemployment was benign, and the economy was fine. Late cycle economics suggests that is the time to run no deficit of any significance. Saving for a rainy day like ... Covid.

 

[Nine_Ender]

The mob boss is a good comparison. With the obvious and very important difference being the breaking of the law. But same mentality.

Personally, if I was American, I would object to him paying $750 in taxes knowing my tax bill is much higher even if I max out my retirement contribution and business expense claims. I'm not privy to American budgets but from what I've seen about California tax law lately ( a recent project of mine ) it seems incredible he rarely pays taxes. Perhaps though it is a testament to how bad a businessman he was 20 odd years ago that he has some monsterous tax loss he can claim every year for 18 years. Might be why he got involved with the TV show and European banks maybe the US banks saw him as a bad risk.

Might be all legal ( sort of ) except that Deutsche Bank always seems to be in trouble with a highly questionable balance sheet.

 

[Nine_Ender]

It will be interesting to (eventually) learn to whom the president owes the upcoming ~$400 million in balloon payments. Especially since no bank other than Deutsche Bank would lend him money after he bilked other lenders and stakeholders repeatedly over the years. And especially since Deutsche Bank has been implicated in money laundering and an unseemly coziness with Russian oligarchs.

https://www.google.com/search?q=deu...hrome..69i57.846j0j4&sourceid=chrome&ie=UTF-8

Certainly he's creative when cornered. A cautionary tale perhaps on everything wrong with capitalism at this point. Deutsche Bank may in fact be technically insolvent themselves last I looked if my memory serves.

 

[Frederick Foresight]

Certainly he's creative when cornered. A cautionary tale perhaps on everything wrong with capitalism at this point. Deutsche Bank may in fact be technically insolvent themselves last I looked if my memory serves.

That's a very creative interpretation of the word creative.

I can't comment on Deutsche Bank's balance sheet. I'm just fascinated by what I read about the people they habitually associate with.

 

[UsualName]

I think the evidence is that he's a bad to mediocre business man who inherited a lot of money and pursued shady sources for financing when his whole "empire" went belly up. There are many, many people who managed to be successful without multiple bankruptcies and shady loans. I suppose on some level he's successful much like you might say a mob boss is successful. Kept the family business going by stepping on people and skirting the law as needed, taking maximum advantage of US bankruptcy law.

There are studies that show that psychopaths can end up either wildly successful in business or alternatively committing to a life of crime. An obsession to self, no empathy for others, and a ton of energy to make it happen can lead to extreme "successes" in whatever they pursue in life. They don't make good political leaders though; it is obvious that given the freedom to do so Trump would go the fascist route, end all elections and be leader for life.

Trump is notoriously one of the worst business persons on earth. He had his father, at 85 with failing cognitive abilities, change his will to bail him out. That’s according to his sister, the federal judge.

Trump turned a $120 million a year cash cow of a casino bankrupt in a few years. His deal was so bad, he backed it personally, he couldn’t afford the interest payment so he had his dad walk in with $3.4 million in cash, but chips and weak out - which is a crime - just to make the interest payment.

Trump is a waking testament to bankruptcy. He is the poster child for massive failure and ineptitude being rewarded through tax law.

He is still doing it today. He personally backed over $300 million in loans coming due. If he doesn’t win the presidency he is not only going to jail for the Stormy Daniels stuff, probably this other bank fraud stuff, but he is also going bankrupt, again for like the seventh time.

This country is being run into the ground because Trump is a con and a clown and this presidency is just another in a long line of failures for him.

The only thing he has done successfully is Trump Tower in NY and licensing and marketing. The man is a fake businessman because that’s his celebrity.

Anyone who truly buys Trump is a good businessman is an all day sucker. You don’t back business loans with your personal wealth unless you’re desperate.

 

[Tsing Tao]

Personally, if I was American, I would object to him paying $750 in taxes knowing my tax bill is much higher even if I max out my retirement contribution and business expense claims. I'm not privy to American budgets but from what I've seen about California tax law lately ( a recent project of mine ) it seems incredible he rarely pays taxes. Perhaps though it is a testament to how bad a businessman he was 20 odd years ago that he has some monsterous tax loss he can claim every year for 18 years. Might be why he got involved with the TV show and European banks maybe the US banks saw him as a bad risk.

Might be all legal ( sort of ) except that Deutsche Bank always seems to be in trouble with a highly questionable balance sheet.

I do object that he should only pay $750. I totally agree with you on that.

Where I disagree is where you are placing the fault. It is not Trump's fault for taking advantage of all of the laws that allow him to only pay $750. If I were Trump I would have done the exact same thing. All Americans work hard to ensure they get all of the deductions they are entitled to. I don't know a single person who goes "nah, I'll give up my deductions and just pay the full amount." Not one.

The tax code is hopelessly complicated, and there is a massive industry built around the development, analysis and maximization of loopholes in the tax process. It is the process and code that is busted. But this isn't Trump's fault.

Folks on the left like yourself would have a lot more credibility with those of us conservatives if you just stopped going after everything that Trump did as bad and focused on the actual things he does do that are problematic - and there are plenty.

 

[Tsing Tao]

Trump is notoriously one of the worst business persons on earth. He had his father, at 85 with failing cognitive abilities, change his will to bail him out. That’s according to his sister, the federal judge.

Trump turned a $120 million a year cash cow of a casino bankrupt in a few years. His deal was so bad, he backed it personally, he couldn’t afford the interest payment so he had his dad walk in with $3.4 million in cash, but chips and weak out - which is a crime - just to make the interest payment.

Trump is a waking testament to bankruptcy. He is the poster child for massive failure and ineptitude being rewarded through tax law.

He is still doing it today. He personally backed over $300 million in loans coming due. If he doesn’t win the presidency he is not only going to jail for the Stormy Daniels stuff, probably this other bank fraud stuff, but he is also going bankrupt, again for like the seventh time.

This country is being run into the ground because Trump is a con and a clown and this presidency is just another in a long line of failures for him.

The only thing he has done successfully is Trump Tower in NY and licensing and marketing. The man is a fake businessman because that’s his celebrity.

Anyone who truly buys Trump is a good businessman is an all day sucker. You don’t back business loans with your personal wealth unless you’re desperate.

And this is what lack of objectivity looks like in forum post format.

 

[Nine_Ender]

Folks on the left like yourself would have a lot more credibility with those of us conservatives if you just stopped going after everything that Trump did as bad and focused on the actual things he does do that are problematic - and there are plenty.

I'm not on the "left". That's the spot far right posters on here place anyone who doesn't agree with them on certain topics. If we were to look at life decisions, I guarantee you I've embraced capitalism and free enterprise more then most. Self employed after a corporate run in the head offices of several big businesses. Canadians are moderates politically.

I'm not going after Trump because of his tax bills. I just pointed out the fallacy of some points being made. In Toronto, we dealt with Trump more directly. Killed off his hotel project and they had a choice rename the place or go bankrupt. At the time, it was the only unsuccessful commercial real estate project in the entire city. Commercial real estate was booming at the time. Note that all occurred before you elected him. Was a similar project in Florida where he partnered up with a felon and anyone who put money in the project lost big time.

 

[Frederick Foresight]

And this is what lack of objectivity looks like in forum post format.

Exactly. Except that you have it backwards.

Have you never read any serious article on Trump’s back story? I have posted more than one, each of which was detailed and referenced. None was flattering.