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-   -   Trump's Crony Capitalism (http://www.politicalchat.org/showthread.php?t=11213)

Rajoo 12-03-2016 10:44 AM

Trump's Crony Capitalism
 
Trump, Cabinet could avoid millions in taxes thanks to this little-known law

Trump has managed to select one of the richest cabinets. This article gives an insight on the perks of joining Trump's cabinet.

Quote:

President-elect Donald Trump’s ultra-wealthy Cabinet nominees will be able to avoid paying millions of dollars in taxes in the coming weeks when they sell some of their holdings to avoid conflicts of interest in their new positions.

The tax advantage will allow Trump officials, forced by ethics laws to sell certain assets, to defer the weighty tax bills they would otherwise owe on the profits from selling stock and other holdings.

The benefit is one of the more subtle ways that the millionaires and billionaires of Trump’s White House, which already will be the wealthiest administration in modern American history, could benefit financially from their transition into the nation’s halls of power.
This is of particular importance to understand the magnitude of the billionaire's welfare about to be absorbed by the tax payers.
Quote:

Trump’s nominee for commerce secretary, billionaire investor Wilbur Ross, has a net worth nearly 10 times that of all of Bush’s first Cabinet in 2001 combined, including tens of millions of dollars in stock and more than $1 billion in cash and assets, Bloomberg data show.
No wonder Romney is groveling at Trump's feet. :mad:

https://www.washingtonpost.com/busin...=.b96f244c85c4

nailer 12-03-2016 11:18 AM

Quote:

Originally Posted by Rajoo (Post 340727)
Trump, Cabinet could avoid millions in taxes thanks to this little-known law

Trump has managed to select one of the richest cabinets. This article gives an insight on the perks of joining Trump's cabinet.



This is of particular importance to understand the magnitude of the billionaire's welfare about to be absorbed by the tax payers.


No wonder Romney is groveling at Trump's feet. :mad:

https://www.washingtonpost.com/busin...=.b96f244c85c4

This is just the beginning and he's not even in office. We entered a new golden age of capitalism with our 1980 election and survived the Great Recession. Why you're mad may be why TJ is happy. It's going to take an economic catastrophe to loosen the ever tightening grip corporate capitalism has and Trump takes us a lot further down that path than Clinton would've.

whell 12-03-2016 12:06 PM

God forbid that Trump surround himself with folks who know what success looks like. :rolleyes:

finnbow 12-03-2016 12:56 PM

Quote:

Originally Posted by whell (Post 340734)
God forbid that Trump surround himself with folks who know what success looks like. :rolleyes:

While I'll give Trump credit in convincing some competent people to work for him, it's anything but clear that these appointees will have the interest of the Trump base at heart (or if even he does, as opposed to just using them (as he tends to do with many people with whom he has relationships as evidenced by over 3,500 lawsuits against him)), other than through tax breaks for themselves trickling down upon the base (if you buy into that discredited model).

barbara 12-03-2016 01:34 PM

I suspect some of those competent people are glad to get on board for the purpose of keeping a close eye on Trump.

donquixote99 12-03-2016 01:43 PM

They are on board to run things.

Trump used the red state voters to get in. They will use Trump to govern.

They mean to be good masters, but they mean to be masters.

It's not all bad. There's going to be no registration of the Muslims, or that sort of thing. We have Eric Trump's assurances on that.

Probably only a relatively small number of deportations, for show.

I think though that there will be more war. Lot's of money in war.

finnbow 12-03-2016 01:44 PM

Quote:

Originally Posted by barbara (Post 340744)
I suspect some of those competent people are glad to get on board for the purpose of keeping a close eye on Trump...

... lest he become the populist he promised to be or the Democrat he had been for decades.

Tom Joad 12-03-2016 02:40 PM

Quote:

Originally Posted by nailer (Post 340731)
This is just the beginning and he's not even in office. We entered a new golden age of capitalism with our 1980 election and survived the Great Recession. Why you're mad may be why TJ is happy. It's going to take an economic catastrophe to loosen the ever tightening grip corporate capitalism has and Trump takes us a lot further down that path than Clinton would've.

That's one way it might play out.

Another way is that Trump turns out to be a real populist and forces the Republican Party to the left, while the defeat of Hillary Clinton empowers the Bernie Sanders people to force the Democrats to the left.

Either way, I see Trump's win over Clinton to ultimately be a win for the left.:D


http://i843.photobucket.com/albums/z...g-dolphins.jpg

finnbow 12-03-2016 02:56 PM

Quote:

Originally Posted by Tom Joad (Post 340752)
That's one way it might play out.

Another way is that Trump turns out to be a real populist ...

I'd lay off the hallucinogens. His cabinet picks should have made it clear that he isn't the populist that he portrayed himself to be for the sake of the working class vote.

Tom Joad 12-03-2016 03:53 PM

Quote:

Originally Posted by finnbow (Post 340755)
I'd lay off the hallucinogens. His cabinet picks should have made it clear that he isn't the populist that he portrayed himself to be for the sake of the working class vote.

That doesn't mean shit.

What matters is the legislative agenda that he pushes once he gets in office.

icenine 12-03-2016 04:17 PM

ah ANOTHER Bernie Bro legacy: Goldman Sachs moneychangers swingin' it with the P*ssy Grabber.

thanks TJ

nailer 12-03-2016 04:34 PM

Quote:

Originally Posted by Tom Joad (Post 340752)

Another way is that Trump turns out to be a real populist and forces the Republican Party to the left, while the defeat of Hillary Clinton empowers the Bernie Sanders people to force the Democrats to the left.

https://www.youtube.com/watch?v=OHVGOp5Usv4

BlueStreak 12-03-2016 04:44 PM

Quote:

Originally Posted by Tom Joad (Post 340763)
That doesn't mean shit.

What matters is the legislative agenda that he pushes once he gets in office.

And you think that with this crew, it's going to be all about throwing money at the masses? Creating union jobs for the flannel and camo crowd?

We shall see, but I am not very hopeful. I think the whole Carrier thing was stunt, a marketing ploy.....public relations. A bone to the base to keep them grinning until inauguration day. Then this too shall pass. Just like the e-mails, Benghazi and whatever else he is back pedaling on.

BlueStreak 12-03-2016 04:48 PM

Quote:

Originally Posted by icenine (Post 340767)
ah ANOTHER Bernie Bro legacy: Goldman Sachs moneychangers swingin' it with the P*ssy Grabber.

thanks TJ

No shit.:rolleyes:

CarlV 12-03-2016 05:20 PM

Quote:

Originally Posted by Tom Joad (Post 340763)
That doesn't mean shit.

What matters is the legislative agenda that he pushes once he gets in office.

How about the Education billionaire fascist broad wanting to give public funds to religious schools?
Probably only the white ones.....

Carl

donquixote99 12-03-2016 05:57 PM

Quote:

Originally Posted by nailer (Post 340770)

Well played!

Tom Joad 12-03-2016 06:55 PM

Quote:

Originally Posted by nailer (Post 340770)

I'm not as cynical as you.

Which is unusual because I'm usually the head cynic everywhere I go.

I think the scenario that Trump turns out to be a true Populist has a a good 50% probability.

With the other 50% being the nuclear option of him making things so bad that it brings about an American version of the Bolshevic Revolution.

Either way, I see it as a win. :)

nailer 12-03-2016 07:54 PM

Quote:

Originally Posted by Tom Joad (Post 340785)
I'm not as cynical as you.

Which is unusual because I'm usually the head cynic everywhere I go.

I think the scenario that Trump turns out to be a true Populist has a a good 50% probability.

With the other 50% being the nuclear option of him making things so bad that it brings about an American version of the Bolshevic Revolution.

Either way, I see it as a win. :)

Cynicism is the hard shell we grow to protect the romantic within and his cabinet does not support your odds.

Tom Joad 12-03-2016 08:00 PM

Quote:

Originally Posted by nailer (Post 340793)
Cynicism is the hard shell we grow to protect the romantic within and his cabinet does not support your odds.

I've already explained how I think Trump will treat his cabinet in my inimitable style via youtube video. But if you missed it, here it is again.

https://www.youtube.com/watch?v=zK-XOLU4JuE

donquixote99 12-03-2016 09:41 PM

Quote:

Originally Posted by Tom Joad (Post 340785)
I'm not as cynical as you.

Which is unusual because I'm usually the head cynic everywhere I go.

I think the scenario that Trump turns out to be a true Populist has a a good 50% probability.

With the other 50% being the nuclear option of him making things so bad that it brings about an American version of the Bolshevic Revolution.

Either way, I see it as a win. :)

Sure, the Bolshevik revolution worked out so well. Especially the Stalinist phase. Oddly, never evolved to end-stage communism as promised, unless Kelpto-Putininst capitalism is a phase on the way.....

I don't think you really don't care if what you say makes any sense or not.

finnbow 12-03-2016 09:52 PM

Quote:

Originally Posted by Tom Joad (Post 340795)
I've already explained how I think Trump will treat his cabinet in my inimitable style via youtube video. But if you missed it, here it is again.

He needs them more than they need him. Without a good cabinet/staff, he's phucked, being as clueless as he is in most things.

nailer 12-04-2016 09:15 AM

Quote:

Originally Posted by finnbow (Post 340813)
He needs them more than they need him. Without a good cabinet/staff, he's phucked, being as clueless as he is in most things.

That's for sure. He's so clueless he's going to be President of the United States of America. :eek::):cool:

Tom Joad 12-04-2016 12:00 PM

Quote:

Originally Posted by nailer (Post 340837)
That's for sure. He's so clueless he's going to be President of the United States of America. :eek::):cool:

It might be interesting to google "Trump will never be President" and see how much shit pops up over the last year and a half.

http://i843.photobucket.com/albums/z...28157802_n.jpg

Rajoo 12-04-2016 01:08 PM

^^ Let's not hype this Trump victory too much, this was a fluke and no one really knows where he will take this country.
Joe Biden, Elizabeth Warren or Bernie Sanders could have beaten him easily.

finnbow 12-04-2016 01:18 PM

Quote:

Originally Posted by Tom Joad (Post 340878)
It might be interesting to google "Trump will never be President" and see how much shit pops up over the last year and a half.

http://i843.photobucket.com/albums/z...28157802_n.jpg

I guess the irony of abolishing "Comon Core" is lost on you.


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