The Trump Card...

ATeam

Senior Member
Retired Expediter
Either way, the rich know how to manipulate it to their favor, the rest of us get screwed.
This has become a major problem over the years. The distribution of wealth has become more and more concentrated in the hands of a few. Trump is very much in their camp, as shown by the tax cut for the rich he got through congress when he was president. The middle class is shrinking and with it the American Dream. This can be reversed with legislation that creates more-fair tax policy. But we'll never see that from the Republicans.
 
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ATeam

Senior Member
Retired Expediter
Criminal Defendant Trump Trying Everything He Can to Avoid Trial

Trial is set to begin Monday. If it actually starts, it will be an historic moment. The first time ever a former president will be tried on criminal charges. Different from Trump's many civil trials, he does not have the option to attend. Attendance is mandatory.

 
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muttly

Veteran Expediter
Retired Expediter
This has become a major problem over the years. The distribution of wealth has become more and more concentrated in the hands of a few. Trump is very much in their camp, as shown by the tax cut for the rich he got through congress when he was president. The middle class is shrinking and with it the American Dream. This can be reversed with legislation that creates more-fair tax policy. But we'll never see that from the Republicans.
Less likely to see it from Dems. Their donors are most of the wealthy such as tech companies and Hollywood. They’ll expect carve outs for themselves. Taxing the wealthy will only have a very marginal net gain in revenue anyway. It will also create a passing on to the consumers “tax”. So the lower income people will have to pay more for goods and services. Best approach is to reign in spending, lower inflation and unleash our energy policy like it was under Trump which will lower costs. Those are both “hidden taxes” on the lower income.
 
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coalminer

Veteran Expediter
Retired Expediter
If that’s the case, extend it then.
Good luck, we already spend more than we bring in, and both parties want to spend more. They will not extend the cuts on the middle class, this was their plan from the start. The rich believe they should not pay taxes because they employ people who pay taxes.

Raise the taxes on the middle class, give more benefits to the poor and all of that money funnels back up to the top.

The concentration of wealth continues.....
 

muttly

Veteran Expediter
Retired Expediter
Good luck, we already spend more than we bring in, and both parties want to spend more. They will not extend the cuts on the middle class, this was their plan from the start. The rich believe they should not pay taxes because they employ people who pay taxes.

Raise the taxes on the middle class, give more benefits to the poor and all of that money funnels back up to the top.

The concentration of wealth continues.....
Biden had the House and Senate( tiebreaker) Could have raised the taxes on his rich buddies, but instead did nothing.
 

ATeam

Senior Member
Retired Expediter
Not Hush Money, Unlawful Election Interference

The judge in the upcoming criminal trial characterizes the case this way in his juror questionnaire:

“The allegations are in substance, that Donald Trump falsified business records to conceal an agreement with others to unlawfully influence the 2016 presidential election”

While this case has been widely mischaracterized as the so-called hush money case, it is in fact an election interference case.

It is not illegal to pay hush money to someone and Trump is not charged with that. Nobody in the upcoming trial is going to argue it was wrong for Trump to have an affair with Stormy Daniels (although it is morally wrong). Nobody in that trial is going to say it was wrong for Trump to pay this porn star money in return for her keeping silent about their sexual romp (although it was a really dumb deal Trump made with a woman of ill repute who kept the money but did not keep quiet).

The prosecutors are pressing the case that Trump acted unlawfully to influence the 2016 election.

The case is not about hush money. It's a mistake to suggest that it is. And it's a monumental disservice by the media to call this a hush money case. A better shorthand description of the case would be "New York election interference case."
 

muttly

Veteran Expediter
Retired Expediter
Umm, It’s the Stormy Daniels Extortion Case. Of course it’s not illegal to pay ( hush money) extortion money. They are the victim of the extortion.

What’s illegal is actually extorting someone for money. Yet NO charges against the extortionist. NY has a corrupt justice system. That’s why people are fleeing the city and state.
 
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coalminer

Veteran Expediter
Retired Expediter
I always thought this case was about the way he tried to hide the payments and write if off as a business expense. He can pay off as many porn stars for sex as he wants, as long as its with his after tax money.
 

ATeam

Senior Member
Retired Expediter
Umm, It’s the Stormy Daniels Extortion Case. Of course it’s not illegal to pay ( hush money) extortion money. They are the victim of the extortion.

What’s illegal is actually extorting someone for money. Yet NO charges against the extortionist. NY has a corrupt justice system. That’s why people are fleeing the city and state.
If it was extortion, why did Trump not file a complaint and have her charged with that crime?

If it was extortion, how did Trump put himself into a situation where the extortion could happen in the first place?

If it was extortion, how fricken stupid does Trump, with all his lawyers and all his resources, have to be to be bested by a not particularly intelligent porn star?

Think about that. Trump, a public figure and a married man, beds a porn star. That is a really, really stupid thing to do. Then he tries to keep it quiet with hush money, which is also a stupid thing to do. Then he illegally falsified records to keep the hush money quiet, which is also a stupid thing to do. And he does it in an attempt to unlawfully influence an election, which lands him in felony criminal court ... also a stupid thing to do.

If you want STUPID in the White House, vote Trump.
 
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ATeam

Senior Member
Retired Expediter
Chart of Trump's Truth Social Stock (DJT) Since it Went Public

11 trading days. Opened on 3/26/24 @ $70.90. At 1:45 PM on 4/10/24, price is $33.58. That's down 52.6%.

If Trump wants to cash in on his supposed TMTG windfall, he better sell his shares soon. But he can't sell his shares for six months because his shares are restricted shares (merger rules). If he wants to get the restriction lifted, he can do that by asking his Trump-friendly TMTG board to lift the restriction, they can do that but they would get sued by countless shareholders for not acting in the shareholder's best interests. And if Trump waits for the restriction period to expire and he starts selling his shares then, that will almost certainly cause the price to further plunge because Trump owns over half the shares the company issued. When a major shareholder starts dumping his shares, other shareholders panic and sell too. Down,
down, down goes the price.

At some point, a company's share price settles in at a level that reflects the company's actual financial status. But there is no hope in that for TMTG because the company itself says its status as a going concern is questionable. This is a money losing company, incapable of supporting a stock price on business fundamentals.

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ATeam

Senior Member
Retired Expediter
Trump's $175 Million Bond May Not Be a Bond At All

Big trouble ahead for Trump if this so-called "bond" turns out to be the worthless piece of paper experts say it is. Hearing set for April 22.

"But according to former regulators and other legal experts, the bond is highly irregular. Per a legal filing, it amounts to little more than a promise that Trump himself could pay the full cost of the bond if he ultimately loses his appeal, The Daily Beast reported, noting that such an arrangement effectively negates 'the whole point of an insurance company guarantee.'

"It does not appear that Knight Specialty Insurance Co. could even cover the bond if it wanted: according to a court filing, the company has financial reserves of just $138 million. And while a related corporate entity claims a financial surplus of $1 billion, the court filing does not explicitly state that it would be liable."
(Source)
 
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