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Started By
Message
This blind trust nonsense needs to stop
Posted on 1/12/17 at 8:18 am
Posted on 1/12/17 at 8:18 am
Anyone who suggests a blind trust for Trump's holdings should automatically be ignored as an idiot. It's not possible with extensive real estate holdings.
Even divestiture, which the exception of selling it all to his kids, is basically impossible. It would likely take his entire term to sell it all off.
Then, there would be constant bitching about someone paying above market value for one of his properties "to curry favor."
In my opinion, he should have switched all of his real estate into his kid's names and moved on. He will be close to 80 when he is done with politics.
People would've still complained though.
Even divestiture, which the exception of selling it all to his kids, is basically impossible. It would likely take his entire term to sell it all off.
Then, there would be constant bitching about someone paying above market value for one of his properties "to curry favor."
In my opinion, he should have switched all of his real estate into his kid's names and moved on. He will be close to 80 when he is done with politics.
People would've still complained though.
19
Posted on 1/12/17 at 8:20 am to Bjorn Cyborg
Liberals don't care about logic and common sense. The only thing that matters to them is that you comply with all their desires.
Posted on 1/12/17 at 8:21 am to Bjorn Cyborg
i was about to make a thread about this
how exactly COULD Trump sell off all of his business assets in a month and a half?
how exactly COULD Trump sell off all of his business assets in a month and a half?
Posted on 1/12/17 at 8:21 am to Bjorn Cyborg
quote:
In my opinion, he should have switched all of his real estate into his kid's names and moved on. He will be close to 80 when he is done with politics.
you going to pay the taxes on that gift?
Posted on 1/12/17 at 8:21 am to Bjorn Cyborg
quote:
It's not possible with extensive real estate holdings.
Correct. He has exponentially more assets tied up in his companies than any other person to ever run for office in this country. Transferring all of his wealth to government stocks and bonds is simply ludicrous and shows the lack of thought by the left.
Posted on 1/12/17 at 8:22 am to Bjorn Cyborg
Idiotic Republican Hypocrisy needs to stop.
Posted on 1/12/17 at 8:22 am to SlowFlowPro
quote:
how exactly COULD Trump sell off all of his business assets in a month and a half?
He couldn't and if he did he would basically destroy his own brand. Liberals don't care/don't understand. Just look at that goofy frick Elizabeth Warren promoting this shite.
Posted on 1/12/17 at 8:23 am to Mr. Katanga
Words of wisdom from an idiotic liberal. Lol
Gfy
Gfy
Posted on 1/12/17 at 8:24 am to Bjorn Cyborg
Liberals are just pissed that he came in rich. It's not fair he doesn't have to toil and game the system to get rich like Bernie and the Clintons.
Posted on 1/12/17 at 8:24 am to Bjorn Cyborg
quote:This is the real issue. There is nothing Trump can do regarding his business interests that would satisfy the losing side.
People would've still complained though.
There was an attorney on Lou Dobbs last night who said Trump has met all legal requirements for his assets and then some. He's done more than the law requires.
If that's true, I'm good with it. If the law is weak then the losers should work to change the law.
Posted on 1/12/17 at 8:25 am to jamboybarry
i think this is their response to the issues of selling his assets
it's just political theater. who is REALLY concerned about this? who honestly thinks this will affect them? nobody
it's just political theater. who is REALLY concerned about this? who honestly thinks this will affect them? nobody
Posted on 1/12/17 at 8:26 am to SlowFlowPro
quote:
it's just political theater. who is REALLY concerned about this? who honestly thinks this will affect them? nobody
The most lulzworthy part is he is immune from being required to do this in the first place. He is going above and beyond what is required for POTUS and they are still bitching trying to hold him to a cabinet level requirement.
Posted on 1/12/17 at 8:30 am to jamboybarry
I was listening to CNBC yesterday and one of their correspondents was making the point of why is it a bad thing that he has a successful business empire? What is so wrong with that?
Posted on 1/12/17 at 8:30 am to Bjorn Cyborg
Just what does it say about our political system when one has to divest himself of his life's occupation and business interests when being elected president? A president's tenure is temporary, not permanent. There are laws out there to keep tabs on a president's involvement with personal business I'd think. Enforcement is the key to ill-gotten shenanigans.There's the rub right there.
Posted on 1/12/17 at 8:30 am to Bjorn Cyborg
W put his holdings in a blind trust, and if memory serves they said that wasn't good enough.
In their eyes any Republican elected has to give away all his stuff and live like a Jesuit monk.
On the other hand Dems can keep their stuff, and give their friends and family members sweetheart deals and they don't bat an eye.
The folks have seen through the BS, and they can't stand it.
Watching the CNN reporter try and hammer Trump yesterday was all theater, where was this guy for 8 years when Obama was hiding from the public?
In their eyes any Republican elected has to give away all his stuff and live like a Jesuit monk.
On the other hand Dems can keep their stuff, and give their friends and family members sweetheart deals and they don't bat an eye.
The folks have seen through the BS, and they can't stand it.
Watching the CNN reporter try and hammer Trump yesterday was all theater, where was this guy for 8 years when Obama was hiding from the public?
Posted on 1/12/17 at 8:33 am to WorkinDawg
quote:
Liberals are just pissed that he came in rich.
Not really, the loved the Kennedys, they loved the Roosevelts, and they certainly didn't hate Kerry, Gore, or Jimmy Carter who all came from money.
They just hate Republicans and the rich angle is a way to attack them.
Posted on 1/12/17 at 8:33 am to Bjorn Cyborg
Maybe the dems would be happy if he gave away all that he owns and simply rented out the Lincoln bedroom for spending money.
Posted on 1/12/17 at 8:33 am to SlowFlowPro
quote:
how exactly COULD Trump sell off all of his business assets in a month and a half?
The only way is if he took a beating on the sales price(s) and lose a shite ton of money.
Posted on 1/12/17 at 8:33 am to SlowFlowPro
Month and half? He couldn't sell them off in a year and half without substantial losses.
Take Rex Tillerson for example. Divestiture for him is simple because most of his wealth is in Exxon stock. He sells it off and puts the proceeds into a blind trust.
No problem. Selling stocks is anonymous and the price is set by the exchanges.
Real estate values are subjective and the sale is public record. So, what happens when a foreign national buys one of Trumps properties for above market value.
We would have wailing and gnashing of teeth over every fricking transaction. They buyers would be known. Liberals would boycott them and criticize them for doing business with Trump. It would be a circus.
It's simply not a realistic pathway.
Take Rex Tillerson for example. Divestiture for him is simple because most of his wealth is in Exxon stock. He sells it off and puts the proceeds into a blind trust.
No problem. Selling stocks is anonymous and the price is set by the exchanges.
Real estate values are subjective and the sale is public record. So, what happens when a foreign national buys one of Trumps properties for above market value.
We would have wailing and gnashing of teeth over every fricking transaction. They buyers would be known. Liberals would boycott them and criticize them for doing business with Trump. It would be a circus.
It's simply not a realistic pathway.
Posted on 1/12/17 at 8:34 am to doubleb
quote:Like the majority of the press on their knees doing the Monica Lewinsky.
where was this guy for 8 years when Obama was hiding from the public?
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