You really want to vote for Hidin’ Biden?

Author: fauxlaw

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#241
Danielle
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@Greyparrot
All of this may be true, but there is no possible way a TV reporter will reliably tell you what Trump's assets are.

Do you think the media would want him to look more rich or less rich and why?
#242
Greyparrot
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@Danielle
it depends on what narrative the media wants to push to manufacture the outrage that drives TV media ratings.

One month they might want to show how he is rich and out of touch with the people narrative and the next month they might want to push that he is poor because he is incompetent narrative.

I particularly enjoyed the transition periods where the competing narratives overlapped.

"Trump is an evil genius"
"Trump is an incompetent idiot"

#243
Danielle
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@Greyparrot
it depends on what narrative the media wants to push to manufacture the outrage that drives TV media ratings.

They already released the findings and you said they can't be trusted. Do you think Trump is richer than the NYT says he is and actually avoiding more taxes than previously reported, or do you believe he is in more financial dire straits than he would like everyone to believe with a lot of his wealth being a façade? It can't be both. 



#244
Danielle
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Pie thinks that because someone's net worth decreased, they couldn't possibly engage in corruption. Lol. How fucking stupid. 

I'm tempted to make so many corrections to really bad posts I've seen in this thread, but I think this is one subject I'll keep quiet on. All the people from DDO already doxxed me so they could tell you this is actually my area of expertise. I work in Donald Trump's industry (NYC commercial real estate) and figuring out how to leverage assets, utilize tax structures and maximize returns is like... what I do.   I'ma just keep quiet. 

What I will say is while we shouldn't blame Trump at all  for utilizing every possible loophole he can (he's not even the one doing his taxes bruh) the question is: Does Trump agree with these loopholes, and if not, what is he doing to change them? He bragged about his expertise in avoiding taxes and how he knew everything about "how to cheat the system" as a businessman, so he promised to change it. Well nothing changed. That should be the topic for Trump to discuss - why hasn't he gotten Congress to do dick about this?

He campaigned on hedge funds paying their share of taxes. He campaigned on ending the carried interest tax perk. He campaigned on ending so many loopholes that are absolutely still there. So we should be asking Trump: are you a liar or just completely incompetent at getting things done for the good of the American people, and not just the Wall Street elites? Let him answer. 
#245
RationalMadman
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@Danielle
He also lied about giving up his assets and businesses, he is 'in the process' of giving ownership to relatives yet has not actually handed them over.
He is regularly attaining income through a series of loopholes.
#246
Danielle
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@RationalMadman
His lawyers will explain why his accountants are responsible for a lot of that. I think for election purposes he should have to answer for himself: what is HE doing to promote change to the loopholes, and if nothing, why not? Why did he fail so spectacularly on that campaign promise? Is he incompetent? Indifferent? Pray tell.
#247
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@Danielle
. Do you think Trump is richer than the NYT says he is and actually avoiding more taxes than previously reported, or do you believe he is in more financial dire straits than he would like everyone to believe with a lot of his wealth being a façade? It can't be both. 

Of course, it can be both. Visual Media has been pushing conflicting narratives since it started being profitable.

#248
Danielle
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@Greyparrot
Of course, it can be both. Visual Media has been pushing conflicting narratives since it started being profitable.

I'll rephrase again. You think the NYT is misrepresenting Trump's assets. Do you think he is actually richer or poorer than the NYT reported? He cannot be both richer and poorer at the same time. That violates the law of non contradiction. 
#249
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@Danielle
why hasn't he gotten Congress to do dick about this?

Maybe Trump enjoys breathing air. That's the 4th rail.
#250
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@Danielle
How would you go about determining Trump's assets and liabilities?

Because you need to know both to know a person's wealth.
#251
Danielle
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@Greyparrot

How would you go about determining Trump's assets and liabilities?

Because you need to know both to know a person's wealth.

I don't have access to that so I can only venture a guess. My boss used to work for Trump so I've heard some things, but not about his personal finances obviously. I'm asking what you believe though. If the representations in the NYT are not accurate then it must be one of the following: Do you think  he is even MORE rich and the NYT downplayed how rich he really is - because they don't want everyone to know only $750  in income taxes should be even more  outrageous; or do you believe he isn't very rich at all and even the NYT wants to protect Trump's reputation?

#252
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@Danielle
Lol, you're the finance expert, I only took 2 years of finance in college.
#253
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@Danielle

I wonder what the hell Trumpy meant when he used the word "Segments"
#254
Danielle
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@Greyparrot
Lol are you trolling? Let's try this one more time. You think the NYT is misrepresenting Trump's assets. That could only mean one of the following: that the NYT knows Trump is even richer with more assets, yet downplayed his wealth (even though the entire point of their expose was to highlight how egregious $750 in income taxes is for an alleged billionaire) - OR - you think the NYT knows Trump has less assets and they want to protect his reputation instead of expose him? It could only be one of these two things. If you're making the claim that the NYT is misrepresenting Trump's assets then give me your opinion on whether you think the NYT is hiding the fact that Trump is richer or Trump is poorer. 

I have no idea what Trump's wealth is because I only know what was presented by the NYT. I'm not his accountant. 

I'm asking you whether you think the NYT is hiding the fact that Trump is actually richer or actually poorer. You're the one who made the claim that the NYT's reporting can't be trusted. So which do you think it is? This is not a trick question. There's no right answer and if there is we can't prove it. I'm asking your opinion. 
#255
Greyparrot
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@Danielle
How does NYT know Trump's assets?
#256
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@Danielle
Lol are you trolling?

You say that like it is a bad thing.
Topic's author
#257
fauxlaw
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@Greyparrot
I wonder what the hell Trumpy meant when he used the word "Segments"
Listen to what Trump said. Some, but not all. He cited Pew Research: 25% of Muslims in this country seek jihad against Americans, thinking it justified. That's some, but not all. Just as the travel ban was not focused on al Muslims, just countries that would not participate with US in betting their citizens a a condition of their earning a visa. But none of those countries that were banned are 100% Muslim. Thereforew, the ban did not target all Muslims. Some, but not all. Get it?
#258
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@fauxlaw
Four Legal Ways to Hide Assets from the IRS:

Homestead – Some states provide exemptions from collections from anyone regarding your home. Florida in particular is noted as the most generous. If you have $1 million dollars cash and use it to purchase a home that you will reside in, in Florida, you have just protected that $1 million dollars from the IRS until you decide to sell of course.
Precious Metals – This only works if you purchase say gold coins and then lock them up somewhere safe. Of course, the US Government could change the law to make owning gold illegal again as they did during the great depression.
Trusts – Setting up an International Asset Protection Trust in the right jurisdiction is the best way to not only hide money from the IRS but to hide it from anyone, as well as transfer wealth to your heirs tax-free.
Offshore Accounts – These essentially go hand in hand with Trusts. Once you have successfully set up your international asset protection trust, you will most likely need an offshore bank account to go along with it.
#259
Danielle
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@Greyparrot
How does NYT know Trump's assets?

Apparently they have a source who gave them his tax returns, so they only know what he reported on his taxes.

Maybe they know more. You're the one saying they are misrepresenting but refuse to say how or why lol. 


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#260
fauxlaw
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@Greyparrot
All of which is currently legal. As Trump said, he didn't make the loopholes, and Biden did have much to do with making them being the Senate for nearly 40 years, and the irony is telling. Trump is not obligated to avoid them, much as Biden, and the rest of never-Trumpers may wish. Not to mention that we will find that Biden uses them, too. Oops
#261
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@Danielle
Apparently they have a source who gave them his tax returns.

Read post above yours.
#262
Danielle
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@fauxlaw

Biden did have much to do with making them being the Senate for nearly 40 years

This is the dumbest argument ever ("Joe Biden has been in Congress for a long time; therefore, is responsible for everything that is wrong with government") so of course Trump fans repeat it like brain dead parrots. 

I don't mean that as a direct personal attack btw. I know it's inevitable that I am criticizing you but I just think it's such a monumentally stupid argument that I'm going to have to ask you to explain it to me, because clearly I'm missing something. Please explain how one member of Congress is responsible for laws that require the majority support from multiple branches of government. 

In reality Joe can only be held accountable (and he should) for what he's advocated and voted on. He is often grilled most harshly by progressives for being "too moderate" and for negotiating with Republicans so often in his career where he had a reputation for being bipartisan.

If the logic is that Joe can be blamed for every single bad thing the government has done or not done in the last 40 years, then by the same logic he is responsible for all the victories including tax cuts, capturing Bin Ladin, fighting illegal immigration, giving more power back to states, improving mass transportation, reducing toxic waste, increasing market competition,  increasing job training -- these are all things the US government did in the last 40 years. Are we giving Joe Biden credit for all that just because he was in Congress? Lol obviously that is a  dumb take. 

Not to mention that we will find that Biden uses them, too. Oops

This classic whataboutism failed as #1 he does not use it to anywhere near the same extent as Trump and lol Trump campaigned on ending those loopholes but completely and utterly failed. Is ya Islamophobic boy Trump a brazen liar who had no interest in keeping his word, or just such a weak ass loser of a president that he couldn't accomplish what he promised? Tell us :) 
#263
Danielle
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@Greyparrot
Read post above yours.

So now you're changing your position from the NYT knowingly misrepresenting Trump's assets just for the sake of lying,  to a completely different argument of them simply not knowing the breadth of his assets.

It seems like you will do anything to get out of answering this very simple question I asked you even though it is an opinion based question. Weird. You seem to be suggesting that Trump has even more wealth than Americans know and is therefore paying even less of his "fair share." Even if that's true that doesn't mean anything the NYT reported was wrong.

I don't think anyone denies all of the legal loopholes that exist. We all know about the Panama Papers. Highlighting that Trump has exploited all of these things only begs the question even further of why hasn't he ended them despite his incessant promises to do so? Do you think he is a selfish liar? That can't possibly be it, right? There's no way he lied to his incredibly poor white lower middle class workers about standing with them against the Wall Street elite, right? 
#264
Greyparrot
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@Danielle
I've always held the position that corporate media rarely knows shit.

In no way did I imply that you personally were ignorant of what assets a Tax Return can reveal.

I simply asked a valid question.

How does the NYT know all of Trumpy's assets? Not just the ones on the tax return.

If they don't know, then by simple logic, they are misrepresenting if they claim they do know.
#265
Danielle
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@Greyparrot
I've always held the position that corporate media rarely knows shit.

Yeah, but most criticisms of "the media" are vapid and hollow to me for aforementioned reasons. There is reason to be suspect of all types of media. Most often the people who scream about fake news are the ones sharing conspiracy theories from YouTube.

It's possible I misunderstood the initial comment of yours I replied to though. When you said "there is no possible way a TV reporter will reliably tell you what Trump's assets are" I thought you meant they were intentionally lying.

I agree there's no way to know all of Trump's assets, but I don't think that undermines the NYT's story at all.  They've been trying to prove for years that he paid little to no income taxes because it champions the leftist point about the rich not paying their fair share. He is the personification of that inequity and laws that give benefits to the rich for their failures, but hurts the working class. And it undermines his "America first" rhetoric as well. He can't claim to be all about the military and cops and public workers and simultaneously brag about paying no taxes. How do you think they get paid? He wants the middle class to fund them but no one else? Not a good look. So I think if you said to the NYT their story shouldn't be regarded because Trump probably has even MORE money the government has no way of knowing about, they'd agree with you and say that's exactly the point. 
#266
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@Danielle
The total wealth of all current members was at least $2.43 billion when the 115th Congress began.

Tell me where Trumpy is going to get support in Congress for abolishing legal loopholes? Congress is a big business. A monopoly even.
#267
ILikePie5
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@Danielle
Pie thinks that because someone's net worth decreased, they couldn't possibly engage in corruption. Lol. How fucking stupid. 
Then he must be really bad at being corrupt🤓
#268
ILikePie5
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@Greyparrot
Tell me where Trumpy is going to get support in Congress for abolishing loopholes? Congress is a big business. A monopoly even.
Quick answer - he’s not. So he did the next best thing. Decrease taxes for everyone else. Well, unless you already live in a high tax state like CA, NY, and NJ
#269
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@ILikePie5
The growth of Congress's wealth has outpaced the growth of overall market wealth by 20%. Nothing to see here. Move on.


#270
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@ILikePie5
Quick answer - he’s not. So he did the next best thing. Decrease taxes for everyone else.

Correct. Most people don't know how to set up a trust, so Trump is just going to offer relief since he can't change the current law.