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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (968632)	9/29/2016 11:49:35 PM
From: puborectalis	Read Replies (1) of 1576884

Trump has positioned himself as a populist who speaks to the anxieties and concerns of ordinary Americans and promises to fix a rigged system that benefits the wealthy and powerful. But Trump, wealthy and powerful himself, is the self-proclaimed “king of debt” who brags about taking advantage of loopholes in the system: “smart” people like Trump know how to use the system to their benefit so they don’t get stuck paying their fair share of taxes or cleaning up the mess from a failed business venture. Trump’s stonewalling on taxes also raises an important question — how would the U.S. pay for Trump’s agenda? Government collects taxes so it can perform various tasks — such as providing for national security. It would be one thing if Trump rejected the concept of government spending and called for a drastically reduced federal government. Perhaps his larger point would be that no American ought to be paying much in taxes. Trump has offered specific proposals that would cost Americans a great amount of money — funds that would have to come from somewhere. But candidate Trump has offered specific proposals that would cost Americans a great amount of money — funds that would have to come from somewhere. These include his plans for immigration control (and possible mass deportation) and his pledge to increase defense spending. Such proposals are costly (as are the tax cuts Trump proposes). The Committee for a Responsible Federal Budget, a nonpartisan group, concludes that Trump’s fiscal plans would add $5.3 trillion to the national debt over the next decade. Someone, ultimately, would have to pay for this. Where would the money come from? If “smart” guys like Trump don’t pay taxes, and the wealthiest Americans are in line for the big tax cuts Trump has promised, who would be on the hook? Look in the mirror. There’s one more point of comparison between Trump and his former rival Helmsley. As noted, Helmsley ultimately ran afoul of the law over tax evasion. Reporters are now raising questions about whether Trump improperly used his own charitable foundation to avoid personal tax liability. One former IRS regulator said that the foundation’s dealings would lead him to “ give some serious thought” to a criminal investigation. That is a speculative comment and certainly does not mean that Trump has violated any laws — it simply suggests there are questions to be explored. When he brags about being smart enough to avoid paying taxes, Trump reminds us of why it’s crucial for Americans to see his current and recent tax returns in order to understand precisely what he means by that remark.

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