Monday, October 3, 2016

- Donald Trump's Taxes

I'll leave it to the conventional right to explain to the NYTimes how Donald Trump's tax documents don't reveal anything about him having broken any laws, violated any regulations or done anything unethical or improper in any way. (Quite unlike the NYTimes who are going to extraordinary "semi-legal' and certainly unethical lengths to prevent anyone from knowing that this came from the Clinton campaign). but I do want to say something about the effort to use this as an indictment of his business acumen.

Given the numbers Donald Trump is working with, I can't see any reason to believe that a 900 million dollar loss in a single year proves that Donald Trump doesn't understand business. On the contrary, it may very well say the exact opposite. The tax law is a byzantine collection of carve outs and political give backs to every special interest over the last 75 years who managed to buy a congressman. Managing tax liability is a deeply strategic issue for a growing company, and 'write downs' in one year can reap considerably larger benefits in later years, if properly handled.

Had Trump filled out a short form it might be a different story, but that is clearly not the case. His taxes are a reflection of a snapshot in time of varied interests, and any businessman worth his salt can make a snapshot looked either good or bad given the complexity of our current tax rules. in fact, in most cases that's precisely what you want to do. You want to make things look as good as you can for the quarterly report, and as bad as you can for the IRS. And that process is performed 4 times a year by every public company in the country. Trump's interests are private so the rule set is even more easily manipulated, and the goal is very much the same.

As far as I can tell, the goal of team Clinton and the Times isn't to say that Donald Trump is stupid, or that he lied, cheated, or broke the law. The goal is to show him as having been 'unfair' by not paying more in taxes, even though the law said he didn't have to. They want to paint him as having 'denied the government its fair share of his earnings'. This strikes me as a very tough sell. There isn't a single working American who doesn't wince a little on tax day, and if Trump, as a private citizen, managed to use the rules to his advantage, I don't think it's going to annoy anyone but the Times and the rest of team Clinton. He didn't tie the girl to the tracks or drive the train toward her, he just bought a ticket on the train like everyone else. But they want us to believe he's a villain anyway, just because he sat in the first class car.

I think this says something very important about the state of modern liberalism. The whole enterprise has completely lost touch with reality. The reason they believe Donald Trump should be paying more in taxes is because they 'feel' he should. That's it. That's their only real complaint. No law broken, no rule violated, no unethical goal achieved. But they are still acting like he's done something wrong. That says an awful lot about their worldview.

In my mind, it means they are no longer capable of having a discussion about reality. Their perspective no longer intersects with it enough for them to recognize it when they see it. It isn't just racism and misogyny where they have abandoned reality, it's everywhere - every political discussion. They can no longer see the forest, or the trees. To them, it's all just so much unprocessed wood pulp that the people are being denied the use of because some rich guy refuses to come chop them down for them, or something like that.

Thankfully, they are making their views clear, and the people have begun ignoring them in droves, like they always deserved to be.

10 comments:

chess said...

The H made in a one hour speech to Goldies what I made in a year taking call and working weekends and getting handed a 14 week preemie at 2 am that had the heart rate of a hummingbird. But thats all good. Mute.. I cant ask God to help us anymore . We deserve this. Mute

Muzzlethemuz said...

I am a conservative. I am voting for Trump. When I watch Trump as I did that other week I wince. I wince b/c he is neither rhetorically clever nor extemporaneously gifted. His opponent is. It doesn't matter. His opponent is full of shit and I can see right through her bluff. But my circumstances and insight are tremendously different from the average American citizen in my demographic, based in terms of professional experiences and hard wiring. When sitter-on-the-fencers I know grimace watching Trump, I know that translates into pulling the lever for Clinton. If I was one of them, having grown up unquestioning in my assumptions, a current events diet sated by CNN and MSNBC, my only exposure to violence having been an argument scene on Seinfeld, I might be one of them. But I'm not. I am concerned that there are more of those people than there are of me.

chess said...

And the Philippines dude is starting to grow on me. If you want to do drugs stay here and die.

chess said...

Maniac Mark Cuban just said what you said Tom. If you are an entrepreneur you are going to have losses at times. The good ones learn from those losses. . It would be the perfect sound bite for a Trump commercial especially since he backs Hillary....

Tom said...

The really fun part is the way the liberal sites like Slate and CNN are calling this an earth shattering "BOMBSHELL STORY!!!" in the hope that people get enraged by it.

Muzzlethemuz said...

Philippines dude is murdering his own citizens. Philippines dude just got endorsed by Russia and China. Not a peep out of the Hague or EU Court of Human Rights. Nor will there be. The biggest litmus test for the failings of Obama and the liberal Left isn't Ferguson and BLM, it's what's going on OCONUS and what's going on OCONUS is a destabilization of Western hegemony that Russia, China and Iran have exploited to their benefit. Weakness invites aggression. Liberals, European and American alike, cowards one and all, are the reason Muslim fanatics are spraying the streets with gunfire in France, Iranian (i.e. Muslim fanatics) fast boats are pushing around American cruisers in the Gulf and Chinese island fortresses are popping up in the South China Sea. Meanwhile on the home front a thug named Mike Brown is idolized by millions and the national news has been hijacked by a dysphoric, ex-olympian because, hey, who cares about a resurgent Russia and ascendent China? Sankaku Islands? Whuh? What's that? Huh? Hands up, don't shoot!

chess said...

Agree. I suspect part of what might be a whiff of a decrease in oil output by the Saudis had something to do with Putin telling the Kingdom that if they get in trouble Russia was about the only ones who might come to their aid.

Muzzlethemuz said...

Very likely. Putin has enormous balls but the the cards were in his favor. Easier said in hindsight. Back in 2011 this was not clear at all. Assad just needed a little help, he had the will but not the might. The payoff for Russia is and will be extraordinary. Hard power in the Middle East, soft power with the Euro pansies, arms contracts galore, he works with Israel and he works Iran, gets concessions out of both countries and sticks it to the college professor back in the White House. Honestly I don't think Clinton or Trump stand a chance against the colonel. Clinton is a moron who's biggest intellectual feat to date is to impress the SJW's on campus. And Trump fell for it. Good Lord. We'll see what happens tonight but it's not looking good. Russia, China, North Korea, Islam and nuke proliferation... I would not relish a Pax Sinica but my guess is it's preferable to a limited or regional nuclear war.

chess said...

I am 62.. I am worth more dead than alive. Lock and load boys!!!!!!!!!!!!!!

Muzzlethemuz said...

As if on cue... http://www.reuters.com/article/us-russia-middle-east-commentary-idUSKCN123276

Reuters is able to identify the sea change going on but is unable to connect the fallacy of their man's worldview with the faltering stock of US and Western influence in the region. The author seemingly bypasses the leadership vacuum in DC, makes no attempt to address the issue of the "Sorority Sisters" running foreign policy in the back of the Whitehouse and instead blames US troubles on the self-interest of smaller nations in the region that are dictating the terms to the US.

Hmm.

Mr. Putin doesn't seem to have that problem. He's dictating the terms to smaller and larger nations alike.

Maybe Hillary can fix it.

Lol.