Donald, where's yer tax-deductible hairspray?
At least Bozo pays his taxes. Not The Donald. As the Guardian has reported, “In the US, people who derive their income from company dividends rather than salary only pay tax when the company records a profit and pays a dividend”. As Richard Murphy put it, “Trump is not a successful business person, at all. Instead he is an arch-manipulator of borrowed funds, using them to give the appearance of a successful business career when he is, in fact, simply accumulating debt that he might well be unable to repay”.
How much debt might that be? The NYT has asserted that “the president is personally responsible for more than $300m in loans, which will come due in the next four years”. The possibility of the President of the USA going bust - which, if Trump were re-elected, is a strong possibility - would be unthinkable. For anyone other than Trump.
And while many of his fans will brush off this latest series of revelations, blaming them on that mythical “swamp” which was going to get drained, but never does, some may stop and think. They value the sacrifices made by the military: Trump has dismissed those who serve as “losers” and “suckers” already. Now it has been revealed that his contribution to federal income tax, which is how the military is funded, has been minimal.
Full of hot air, and very little else
Even worse, the NYT story has blown apart the idea of Trump the successful businessman. He isn’t, and he hasn’t been: he took all that money his father left him and effectively sprayed it up the wall. His desperation is such that campaign events harvest data from supporters in order to get them to part with money for merchandise - and cash donations. Small wonder Piers Morgan has been silent on the matter.
What will be the effect on the Presidential race? As Anthony Zurcher of the BBC has observed, “The Times story … is yet another unwanted distraction for the president. Every day spent on it is one the Trump campaign can't focus on changing the dynamic in a race that appears tilted against him”. So he’s going to get even more paranoid.
Our PM is only pretending to be skint. The US President really is - he’s stony broke.
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8 comments:
Even worse. He appears to have only made money from 'The Apprentice' and the licencing deals resulting from it. That was probably the easiest job in town, requiring little intelligence, or business acumen. As you say, he sprayed the rest up the wall.
So the " Stable Genius" is flat broke. Who would of thought.He is also a flat out liar. The reverse of King Midas. All he touches turns to sh*t.
What's the problem?
It's capitalism in action.
It's what "the people" vote for.....
Cracked, of all places, ran an article pointing out that his resorts, with a few exceptions (Mar a Lago etc) are largely dilapidated and falling apart. He's essentially a time share spiv.
Would definitely recommend Sarah Kendzior's Hiding in Plain Sight which dishes the dirt on the Don & mentioned his shady tax arrangements in several places.
It won't make very much difference, if it all. A large part of the support for Donald J. Fart-Euphemism is - like that for Br*x*t - tied to a quasi-religious mindset, where being a True Believer is the most important thing, and where logic, reason and even observable reality are excluded from consideration as being inimical to The Faith. Not even the proceeding final collapse of the Republic around their ears will sway those caught up (largely willingly) in the cult. They are also blind to his weapons-grade hypocrisy for the same reasons.
The historical/fictional figure onto which Trump may most appropriately and accurately be mapped, therefore, is Elmer Gantry.
What Trump demonstrates is the shallowness of American Society, a society where money and status are king.
A society so shallow and selfish, they refuse to stop individuals like Trump ruining lives and other people's businesses and livelihoods.
Trump like all populists Inc our own Blonde Buffoon only is create a persomality much like a method actor (De Niro, Pacino), except Trump and his British counterpart become the alter ego and can no longer return to their original selfs.
Trump, may likely need to be so heavily defeated, to force the Republicans to tell him and his dysfunctional family to leave asap before the troops arrive to put him in chains.
Republican presidential candidates, as easy to buy as a gun over the pond.
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