Message from @StoneCold316
Discord ID: 760128846954627074
That's a red herring. I'm addressing the specific tweet.
The tweet? The one that says "imagine being the sort of person who...."
There are major defects in US tax law, but that's not the major issue with Trump.
Trump tweets a daily mail article, tweet says low number pay taxes DESPITE CRIPPLING DEBT....what's his point?!
Based on investigative work reported on several years ago and earlier, it's pretty clear Trump set up pro forma operators of fake business plan Trump branded businesses, and perpetrated some large securities frauds in debt for equity swaps using fraudulent valuations. The consequences of that include ripping off investors, and masking major business losses that if honestly reported, would have resulted in large tax liabilities, and more Trump company and likely an actual personal bankruptcy, as he didn't have the cash to pay those obligations he used frauds to hide.
The fake valuation debt-equity swaps are complex, and difficult to prosecute without cooperation across agencies regulating different facets of those civil frauds and crimes, and private parties with standing in various Trump operations.
Trump now seems to be using official immunity (that has limits he's our first President ever to test as he's done) and legal delaying tactics, hoping to age out Statute of Limitations issues on key parts of that. He's also paid many civil damage settlements, and even has a team of "fixer" lawyers, from Melania Knavss's porn model work as an illegal alien, to cam girls and strippers he's fucked, to more mundane business frauds.
Of note, one major accounting firm used by Trump declined to make the usual accuracy certifications found on such documents, but rather added a disclaimer that it was unable to certify some of its work as accurate.
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More than likely Trump's lawyers and accountants delivered tax returns that accurately claim some twisted but no more illegal than what the IRS itself often pulls, interpretation of relevant 26 USC & CFR provisions, but based on assumptions that far larger underlying massive frauds and crimes are buried in complex financial scams that obviously were perpetrated in his case, but are hard to convict.
Is a parking ticket or a series of felony charges more serious, if the felony charges either can't be proven, or are too complex for legal process to enforce to match the actual facts?
Consider that maybe everything Trump tweets is a red herring. He's trolling us.
Misdirection. A very important skill in some fields!
A Twitter war by a nutcase is a reminder to watch what was done, not what is said. However, people who look to Twitter for their news on that kind of issues that are multi-thousand person projects (post-Doc forensic accounting, securities and tax law, and many support roles), may be trying to evade what's involved in actually doing serious analysis.
Is it possible to get Trump into prison for enough years before he dies, to watch his narcissist self-image be publicly shredded, and the ill gotten gains transferred to his wives and kids asset forfeited or paid in fines or damages?
I have a birthday coming up. I'll use my wish.
Happy Schadenfreude Day!
For the first time in his life?
> For the first time in his life?
@ola Cynicism.. 🧐
@everyone A new subscription option is now available on the Pangburn website. Becoming a subscriber guarantees you a seat at the weekly War Room meeting plus some other perks that will be added. This is where the war of ideas strategies are discussed. Please consider subscribing. https://www.pang-burn.com/subscription
You can’t assume guilt and then work backwards no matter how much you hate someone or how obvious you think someone’s guilt is based on an anecdote here and an anecdote there (or even bits and pieces of facts). I don’t care about trump or feel anything towards him - helps being rational?
> @ola Cynicism.. 🧐
@ThePangburn Hey, did he ever get that 70mill refund he asked for?
The man paid the amount akin to a good salary for a hard working American ($70k) salary to get his fucking hair done and tried to write it off as a business expense. But then average Joe is going to say he's working for the people.
Do people not know that taxes pay for other things? For example that money can educate 70 children for one year. I thin that people on the right will see his tax breaks as "winning." They see tax as theft, and dodging taxes is seen as some sort of Robin Hood bullshit.
Maybe Trump's haircuts were cheap!
France's Socialist President Pays Nearly $11,000 A Month For Haircuts
https://www.npr.org/sections/thetwo-way/2016/07/14/486003503/frances-socialist-president-pays-nearly-11-000-a-month-for-haircuts?t=1601307519640
Bloody hell id want a refund if my hair looked like that
Still though, I don’t see why it’s anyone’s business as long as the money paid to the hair dressers is their own money
Hollande is not French President. Macron is
2016 report
I haven't seen the context of this discussion, but just going off of @Malachi s post here. This is interesting and I have a few thoughts on this:
Taxes are crucial and vital in order for a society to develop. I have a friend who essentially lies about much of his taxes. It's a shame. I would argue he is taking advantage of society (in that he continues to use the goods and services society offers him, like public roads, for example, without paying for it in anyway). In the big picture, it seems to just be a short-term and selfish approach.
At the same time, I am a small business owner. There are some taxes that I consider absolutely proposterous....namely one that requires tax payments on all assets in an office/owned by the business from year to year. I can't remember the name of it..
I lived in Ghana for a bit, and also lived in India for a year and a half. One thing I learned is that the 'financial system' (if that is the proper way to term it) can easily be undermined. For example, if you are pulled over by a cop, you can easily pay them off so that you don't receive a ticket. Does this help you? Sure. Does this help enforce necessary laws of society? Absolutely not. It causes more harm than benefit. I also wondered while in these countries if one of the reasons they struggle to develop as aggressively as others is because people can get away without paying taxes as much (there is less of a structure to enforce so, like there is in the USA for example). I wonder on this? Any thoughts?
Last, @Malachi, I wouldn't lay undermining/avoiding taxes at 'rightists' feet, although I could definitely see it happening more there. I would imagine people on both ends of the political spectrum do this often on a personal basis (although I could be wrong).
That last sentence is a super fair observation. And I don't think that only the right side of the isle uses tax avoidance. I just think that the Trump supporters are going to see tax avoidance as a good thing, while the left sees it as a bad thing.
In regards to your small business ownership and taxation, I would like to see more tax breaks for small business. However, your lobby in America is broken. So interestingly enough the democratic process of getting money out of politics may be your best bet. (In America anyway.)
First paragraph @Malachi Yeah, makes sense.
What do you mean by my lobby in America is broken? Like the small business representation in American politics is underrepresented, or something like that?
That is exactly what I mean.
Interesting. Quite frankly, I don't follow politics enough to know that, but enjoy talking political philosophy.
I've found it hard to engage in politics because things always seem so one-sided.
I get you. I keep my political philosophy off the ground. There are always ways to argue in different directions.
https://youtu.be/0dTpV3GNjK4 @everyone the mic is live!! Come hang out!
Join us on the air! @everyone
Have the YouTube stream running on mute! 🙂 helps out the channel!