Bombshell report on Trump taxes sends GOP nominee reeling

He's not ahead. In fact he has a basic misunderstanding of what is actually happening and that is STRUCTURAL unemployment which is what is actually closing down manufacturing jobs and we can all point to advanced automation for that. In fact, manufacturing plants have actually INCREASED in the U.S. during the past few years. The problem is that these plants mostly look like this:


The other factor which is how expensive American labor is compared to Chinese/South Asian labor will never be solved. It is impossible. Any candidate promising to change that is full of bullshit. Any promise to bring back manufacturing jobs to America ON BOTH sides is pure lip service. The world economy is shifting towards automation and soon the only employable careers are going to be involved in R&D(engineers and scientists) and lawyers. The world will always have lawyers.

Just like a millennia ago where an individual could make a living without being literate but today it's a necessity, I can honestly see in a few decades or half a century where the baseline for employment is understanding differential equations, statics/dynamics and high level computer language coding. The world is changing and the naive Trump supporter has no clue why.

 

It's an odd paradigm with these alt-right individuals where they magically assume that the private sector is immune to corruption and it all happens within the public sector.

Wait.. LOL. They don't actually believe that. It just happens to be that the opponent that Hillary running against has his entire career under the private sector hence a private citizen cannot be corrupt.

 

Yep, like I said. Look at the moment he irked his base was when there was some questions that he was softening on immigration. That's when they really started to worry about their candidate. They like Trump more than other conservatives because his plan was clear, simple. Get them out.

Not saying for every Trump supporter it is all they care about...but a good portion of them this is their thing. So nothing else matters in their eyes, that's why he's so invulnerable to a lot of his base. They really don't care about that other stuff and laugh it off.

 

The sad thing is that in 5 years, majority of Trump supporters are going to be like "LOL Trump! What a joke candidate". Just watch. I guarantee it. Just like with Palin and Bush Jr.

 

It's not just what he did. You're calling out practically everyone in big business that because it's industry practice including Apple, Ford, Boeing etc. Everyone. To some degree, they needed to do it to stay competitive. How can you compete with other companies when their manufacturing costs are cheap because they're doing it in China?

 

Trump manufactures things? The large majority of his business is real estate which is essentially glorified rent collecting. Pretty much the go to profession for children born into a wealth of capital. People like you need to stop acting like he is Tony Stark. He's not even Mark Cuban.

 

So what? Success doesn't translate to the next gwneration like a given. Lots of rich people lost their inheritance.

Let's just be clear, making millions of dollars is hard. Making billions from millions is still an acheivement. You're devaluing his achievements by calling him a "rent collector" and a cursory fact check would show that isn't the case.

 

Manufacturing was one of the things the guy I was talking to brought up with regards to the thing Trump's campaigning against.

I also brought up tax minimization being standard practice. That more applies to Trump.

 

I generally gloss over @Dei posts because of its racist and white supremacist garbage.

What you quoted is not a real excuse if Trump is serious about winning the presidency unlike all the other candidates who owned successful multinational corporations. Unless you want to live in a fascist like atmosphere where business and state are married at the top, Trump is ethically compelled to divest himself of his holdings while in office.

If what you're selling is Trump keeping his cards close to his vest, then he should stay being a two bit celebrity icon with impeccable branding and licensing.

 

No, you don't reply because you can't. You're stumped.

I've said nothing race related itt, only with regards to taxes.

 

I could be stumped, or I can't take you seriously as a poster because of your unabashedly racist white supremacist schtick.

 

I don't understand how he lost a billion dollars in personal wealth. It could not have been in real estate holdings. It could not have been in cash as I doubt he even has that much cash in 1995 to lose.

So it must be in shares he held of some company. But to lose a billion dollars, it means you've had to build up billions of dollars in equity at some point - and that kind of lose would have been widely reported as things don't drop in value that much without it being a headline in business journals. If Trump had a 50% stake in a company worth $10 billion, and it now because $8billion, that would be a billion dollar loss. But it also means he'd have paid tax on $5billion dollars in prior years. You can't deduct a loss of something you never acquired initially.

This is very fishy.

If Trump paid taxes on all the billions he made prior to declaring this loss, then what's weird is that he made so much money prior to 1995 that he paid massive taxes - over a billion in fact, and then lost a billion in next value so he can offset the billion he paid. If it's legit - and he has paid billions in taxes prior to 1995, then I don't think it's a big deal that he hasn't paid taxes the last few decades - but somehow I doubt that is indeed the case.

 

This is what is so lost by many supporters of Trump and those that want to bring job "back to America". Sure, you can do some things to incentivize companies to hire more American, but there are just some jobs that are gone forever and that trend will continue.

You want to make America great? Invest in where the future is. Education, infrastructure, health, science knowledge, military superiority, new energy, innovation... And if you really want to support the current generation that have or is going to lose their jobs - invest in re-educating them for the new jobs, creating new industry (hello new energy)...

You want to mess up America? Fight the trend. Block the borders, close down trades, allow our infrastructure to continue to deteriorate, allow our young to be less educated compare to the world, ignoring global warming...

 

Trump releasing 20-30 years of taxes will shut down the story on this. Him not releasing it after we now know he very likely didn't pay taxes would fuel the narrative - what is he still hiding?

 

You can only carry over 3000 per year of personal taxes. They must be talking about his business. Also when you declare bankruptcy you can't carry forward tax losses without some creative accounting.

 

The story is still hanging:
How did he lose a billion?
Who owns the debt?
Was it settled or forgiven?

Tune in everyday from now until the elections for more questions and answers.