Since Trump seems to be pretty much the opposite of everything I respect in a citizen and leader, I sure will not mind if he ends up in jail for the rest of his life. It will be interesting to see what the prosecutors have uncovered. :-)
Wednesday, May 26, 2021
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I would have very much liked to have moved on. My guess is the kind of things Trump may be charged with, fiddling with valuations, is pretty common in the real estate business. I bet a lot of other folks in his business are not happy with The Donald right now.
--Hiram
I am hoping this is just the beginning. He needs to face some retribution for January 6.
Hiram,
My guess is that Trump "super sized" his misbehaviors like most of his actions.
I mean I am pretty certain that he truly believed he was above or smarter than the law.
WLP,
I think retribution is the wrong word.
"punishment inflicted on someone as vengeance for a wrong or criminal act."
And I am pretty certain that his election lies and Jan 6th shenanigans are covered by free speech for better or worse.
I believe in honesty, transparency and following the law. If he has been committing fraud, I just want him to go to jail for that offense.
My guess is that Trump's attitude is pretty typical among real estate executives an area where there is a lot of subjectivitity concerning valuation and where things are naturally complex. There is just a lot to keep track of, and tax authorities don't have the resources to keep track of it. When Trump is called on something, he stonewalls, and perhaps negotiates it down, or just waits until the guy who is hassling him retires. With his preexisting sense of victimization, I am sure he feels he is being treated unfairly, that others are much worse who aren't being prosecuted and he may be right. I am sure if he had never entered politics, he wouldn't be facing jail time now, and I am not comfortable with that.
--Hiram
Hiram,
Yes humans tend to rationalize people are "worse" than themselves...
If one leads a dodgy, suspect, on the edge lifestyle, one is usually smart enough to lead a relatively low profile life.
They do not usually run for the most highly scrutinized position in the country and then attack 55% of the citizens in the country. That is pretty much the definition of the stupid criminal.
Let's not forget Trump's many crimes:
- fraudulent school
- fraudulent inheritance scheme
- fraudulent real estate valuations
- etc
New York real estate types tend to be very low profile. My guess is that they hate Trump for the unwanted attention he is bringing to their business.
White collar criminals have enormous advantages over blue collar criminals. Cheating on one's taxes has a much larger scope for ambiguity than sticking up a convenience store.
--HIram
I agree with you, especially if all his "normal" crimes get published... :-O
It's all about not colluding. Conspiracy requires agreements. If the parties act independently, avoiding knowledge of what others are doing, than there is no collusion, no conspiracy. This is a huge advantage white collar criminals have.
--Hiram
An Interesting Piece
From what I understand, what Trump is being investigated for is inconsistent valuations of his property. Basically, he undervalues his property for real estate tax purposes, and overvalues the same property when he is using it as a collateral for a loan. My guess is that to one degree or another, this is a common practice in the real estate business. It goes undetected because it involves two entirely different entities who don't communicate or coordinate with each other, banks from whom loans are sought, and the tax authorities. If Trump hadn't run for office, no one would have ever made an issue of this practice.
Is this practice a crime?
Does it make a difference that Trump is the target of selective prosecution? Should he be prosecuted for what is a common practice in the business which he is in?
--Hiram
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