Comparison of scandals - Hillary Clinton versus Donald Trump

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jasmine2
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Comparison of scandals - Hillary Clinton versus Donald Trump

Postby jasmine2 » 01 Oct 2016 00:29

During this Presidential campaign, there have been numerous news stories which push the idea that Hillary Clinton is highly untrustworthy, because she tells many lies and has been involved in a lot of scandals. Many Americans think that she is even more untrustworthy than Donald Trump.

I think that this view is very out of proportion to the actual facts.
I recommend the following videos and articles. -

- YouTube - "Scandals: Last Week Tonight With John Oliver"
Excerpt - "The point is, this campaign has been dominated by scandals, but it is dangerous to think that there is an equal number on both sides. You can be irritated by some of Hillary's (scandals), that is understandable. But you should then be (bleep) outraged by Trump's (scandals) ... (Trump) is ethically compromised to an unprecedented degree."

- YouTube - "The Daily Show with Trevor Noah - Benghazi: The Never-Ending Scandal"

- Article - "Beirut Barracks vs Benghazi"
During the Reagan administration, there was only one (not 10) House of Representatives investigation (lasting 2 months), regarding the terrorist attack on a Marine barracks in Beirut, Lebanon, which killed 241 Marines, and no one in the Reagan administration was subpoenaed.

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Summerlander
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Re: Comparison of scandals - Hillary Clinton versus Donald Trump

Postby Summerlander » 02 Oct 2016 00:22

I recommend No One Left to Lie to by Christopher Hitchens for a perspective on how naughty the Clintons have been ...
"Empty cognizance of one taste, suffused with knowing, is your unmistaken nature, the uncontrived original state. when not altering what is, allow it to be as it is, and the awakened state is right now spontaneously present."

- Padmasambhava

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Pilgrim
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Re: Comparison of scandals - Hillary Clinton versus Donald Trump

Postby Pilgrim » 02 Oct 2016 10:25

Jasmine, people have no excuse for being deceived with respect to Clinton and Trump. Information in this age is extraordinarily easy to get. Politicians typically want the debate to revolve around "who can you trust" or "who is a better person". It is humorous to me. I will let others worry about whether Donald salivates more over beauty pageant contestants, as compared to other heterosexual men.

It is enlightening to compare Democrat and Republican "news" sources. What I mean is that so called unbiased news clearly has identifiable perspective and motive.

I watched the debate via ABC. Immediately, upon conclusion of debate, George Stephanopoulos and crew acted as if the shock of Trump's deceit regarding his view on the Iraq war was sending them into cardiac arrest (my exaggeration). A Neil Cavuto interview before the Iraq war shows that Trump was hesitant about Iraq because the economy was a bigger concern and he wanted more involvement from NATO. It seems to me that his words and tone show that while he was willing to be supportive, he did articulate reasons against immediate intervention. Trump is not embellishing any more than any other politician does on a daily basis.

We do not all have implicit racial bias, as Clinton says. I find her charge insulting. It also insults millions of Americans who are not racist.

A general disagreement that I have with Hillary (same as Obama) is an impression that they give me that wealth is a fixed amount that is to be redistributed as they please. Suppose the world gets 100 more people with average wealth similar to average of Donald Trump, Bill Gates, Warren Buffett, and the late Steve Jobs. Suppose that the new 100 people would not be as generous towards charity as Bill Gates and Warren Buffett. Would there be, consequently, more or less wealth for the rest of the world? Clinton needs for the public to believe that wealth is fixed and therefore must be confiscated and redistributed.

The truth is that economy and wealth can grow. Current extent of government intrusion makes thriving business and economic growth highly unlikely. Most politicians are clueless about wealth creation because their job is only to suck wealth off others via what are effectively bribes for political favors. The Clintons are good at sucking money for their personal wealth. This form of suck, which is removed from market forces, has the least benefit to society.

Here is the national debt clock. http://www.usdebtclock.org
It shows unfunded liabilities of almost $1 million owed per tax payer. If the government were to confiscate all the billions of dollars of the richest company in the world (Apple), it would not touch our debt. Politicians have shown hardly the slightest concern spending money that does not exist.

Mentioned by Trump in the debate ...the Fed. My view, the money printing manipulation by the Federal Reserve is horrific destruction of wealth too. The corresponding lack of worth of money (as no return for lending money) has also forced money into the stock market and overinflated equities. In our manipulation system, money managers must react to even hints of future announcements by Fed members. Were this bizarre Fed game not bad enough, it is not clear to me that the Fed has a clue how to manipulate the money for the greatest good. Check out this video of Jim Cramer begging them in 2007. At least the Fed could "open the floodgate" at this time; they just had no idea that they were part of the problem.

https://youtu.be/rOVXh4xM-Ww

Whoever the next president is will probably look bad on the economic front because too many factors are are pointing to problems on the horizon. I prefer Trump in charge to make the best of this mess.

Edited to correct spelling on "Buffett". I see the tax story that just released regarding a big loss year in the 1990s. I do not yet understand why it is supposed to be unfair, since it is rational to pay tax on his net income netted for forward gains. Other reasons are unfair why the rich have actual loopholes, but I do not understand yet the hype of this story.

jasmine2
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Re: Comparison of scandals - Hillary Clinton versus Donald Trump

Postby jasmine2 » 03 Oct 2016 07:27

I recommend article -
- "Trump Tax Return Shows He Could Have Avoided Taxes For 18 Years" - nbcnews.com

Donald Trump repeatedly brags that he is a great businessman. However, The New York Times recently received portions of Trump's tax returns which showed that Trump reported nearly one billion dollars in business loses in year 1995, due to his failed casinos and other extremely poor business decisions. Tax rules which give unfair advantage to very wealthy people could have allowed Trump to pay no federal taxes on his income for the following 18 years.

This is an example of "the other golden rule", which is that "people who have the gold get to make the rules."

In the first presidential debate, Trump said that not paying taxes means "I'm smart". Vice President Joe Biden later said, "What does this make the rest of us? Suckers?"

Trump recently tweeted, "I know our complex tax laws better than anyone who has ever run for president, and I am the only one who can fix them."

Does anybody with a brain really think that, if Trump became president, he would ever support any tax reform legislation which would significantly restrict the "only for rich folks" tax loopholes which he loves to exploit?

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Pilgrim
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Re: Comparison of scandals - Hillary Clinton versus Donald Trump

Postby Pilgrim » 03 Oct 2016 11:49

Jasmine, I find this story (or so thought to be scandal) today to be extraordinary. An exceedingly rare example of our tax code being fair for all people is supposed to be a story? I can't comprehend. It is nothing to do with 18 years. Do not believe the spin.

This is how it works. Do your own research to verify me on this matter. Whether each year's loss or gain for a business is less than a hundred, in thousands, millions, billions, etc. is no different. Suppose business X makes $40,000 in year 1, $60,000 in year 2, loses $90,000 in yr 3, makes $30,000 in year 4, makes $20,000 in year 5, makes $60,000 in year 6.

Years 3, 4, and 5 have no money to tax. Year 6 has $20,000 to tax. Years 1 and 2 have no loss to carry over, so are taxed on $40,000 and $60,000, respectively.

It could have taken 18 years to make money to cover the loss, in my example. It could have taken 1 year too.

Trump's net worth (as estimated by Forbes, or whomever you want) makes clear that Trump has had positive years in excess of loss years. Trump is no different than most businesses, who likewise have years of loss.

Any suggestion that Trump or others simply donate money to Federal government is not serious.

You can find evil with Trump, but this story is not it. This story might have negative perception, which is the goal in politics. It actually demonstrates a case of rare fairness and is nothing to do with loopholes.

jasmine2
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Re: Comparison of scandals - Hillary Clinton versus Donald Trump

Postby jasmine2 » 04 Oct 2016 21:38

The following article provides many well documented details regarding a whole trainload of terrible business decisions which Donald Trump made during the 1980's and early 90's.

For starters, it is interesting that Trump refers to the one million dollars which his father gave him to get him started in business as "a small amount of money." Does this really show that Trump can relate to the lives of most ordinary Americans?

As Trump amassed many hugh loan debt on properties which lost large amounts of money, the only thing that often saved him financially, was that other rich members of his family were willing to give him large loans.

Many Trump supporters say that the the fact that Tump he was able to claw his way back from the brink of financial ruin shows that he is a financial genius. I say that any businessman who stupidly digs himself into as big a financial mess as Trump did is the total opposite of a genius, and he should not be trusted with presidential decisions which can have major impact on the financial system of our country.

Also, a major advantage which real estate tycoons like Donald Trump have is that they can buy and sell a long series of properties, without having to pay capital gains taxes for decades. This is a golden tax loophole which is denied to ordinary mortals.

- Article - "Donald Trump's Business Decisions In The '80's Nearly Led Him To Ruin" - nytimes.com

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Pilgrim
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Re: Comparison of scandals - Hillary Clinton versus Donald Trump

Postby Pilgrim » 05 Oct 2016 00:55

Jasmine, let me tell you what I view as economic reality. It is just my opinion, and it is okay if you disagree with me.

I believe that I mentioned on your first Trump thread that I do not think that he pays federal taxes. This probably will be true strictly related to his federal tax returns. He effectively pays federal tax in a different ways, which most of the public will not understand. Follows is an example.

Part of the reason that the US has a tax code of thickness of 17 Holy Bibles, with intentional ambiguity is to create jobs. It is a manufactured problem, and not related to true market demand that would promote wealth in the world. As a consequence, multitudes of people have masters and doctorate degrees with related rigorous certifications (as CPAs and tax attorneys). For a business, as with Trump, his hiring armies of these people for compliance and navigating the rules is necessary for him to survive. And, the cost of these jobs must pay for themselves in savings to his business to justify their existence.

So, this is an example of Trump's federal tax that is not reflective of being a tax. The armies of lawyers and accountants get Trump's money, on which salaries they pay federal tax that would otherwise not exist.

Now, do people wish for Trump to fail or to make money? Either outcome is viewed as negative, I believe. The important narrative is the perception of wealth that generates class warfare. I have written an article that is an example of "news" that scorns immoral profiteering drug companies, which companies are not making even making profits. An average employee who works in a building that pays several salaries assumes great wealth for the employer. The employees are unaware that the employer can be losing money, even with good faith effort for the business to survive. The incentive of the tax code is to create the otherwise unnecessary compliance jobs.

Failed business happens all the time. No one can foresee all possible collapses in related markets or commodities. A collapse in the last few years was the price of oil. No one dreamed that the Saudis would have been willing to endure such pain themselves in order to annihilate the American shale businesses from competition. The related boom in oil field jobs were also crushed. It is no fault to have tried for success. (Everyone has inexpensive travel for now.)

Besides, Jasmine, most people I hear criticizing an evil company typically own such company. I ask them which mutual funds are in their own retirement fund, and typically see that they have direct benefit from such supposed evil. (And, even though Trump does not have public component, companies that benefit from Trump's existence are.)

Back to the American markets. As I mentioned above, the almost decade of massive money manipulation by the Fed in attempts to force economic growth and massive government "stimulus" waste at the expense of our future will cause problems. One such problem is overvalued stocks. Regular people will suffer when the market begins to crash because retirement funds "are in it for the long term". The professionals will short the market and will be doing everything possibles to create panic, because short positions gain when the related equities decline. The will just be a massive wealth transfer of regular people to the pockets of Hedge Funds, as retirements are crushed.

Our government partakes and supports the manipulation game, and so makes bubbles. Currency trading and manipulation printing should not exist. It would not exist if people would demand gold backed exchange.

How much money do you want Trump to pay now in tax if his net worth is $4B. Half? This means he would have to liquidate businesses, which likely fail with whoever purchases from him. Lost jobs by punishing Trump will hurt people, and eliminate another source of federal tax. No one knows the value of his partnerships and understands his niches more than he does. "Dumb" Trump has learned what works to survive. Besides, if what he does is so easy, other rich people or sources of capital would all do it. It is not as easy as people think.

Our current tax system has "triple taxation". The source of capital investment has already been taxed. Suppose you purchase a share of Apple with your already taxed money. Apple is taxed again when it earns for you. You are taxed again when you get dividends, or when you sell for capital gains.

Capital gains cannot be taxed until sold because no one can has cash to pay for capital gain until the asset is sold. Trump or others can be forced to liquidate to force the realized gain. Capital left in the system is better for the economy, and often ultimately results in more money for the government as the capital appreciates in value with time.

The solution to all this mess and to eliminate the false economy of tax profession is a simple sales tax (with no tax each year for a certain amount so that the poor pay no tax). No politician can move to ideal overnight because it would crash the economy. Trump is suggesting appropriate incremental reform.

Look back at my link to the Federal debt. The only path to even slightly reverse direction to this mess is going to be economic growth. Growth of even 5% will have a serious compounding with some time. (We will always have recession cycles, but our baseline must be growth. Otherwise, we will collapse.)

Suppose 10 greedy rich people arrive in your location. The more greedy rich you have in relation to the population, the higher wages will be as each greedy rich person seeks to retain good employees who can otherwise easily leave to work for another greedy rich person if anything less than perfectly happy.

Greed is also the evil that results in wealth creation by delivering good and services that the world actually values. Government manufactured problems will create jobs, but such artificial problems drain, not contribute, to world wealth.

Policians have as a job to utter memorized phrases to make themselves look good and create division. They typically have no clue about economic matters. Clinton will have no clue, just Obama and staff, regarding Solindra. The company was already flagged for collapse by auditors before the glamour photo shoot. Do you think Clinton has a clue what Jim Cramer is even saying on his rant posted above? Someone has to have some survival horse sense.

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Pilgrim
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Re: Comparison of scandals - Hillary Clinton versus Donald Trump

Postby Pilgrim » 06 Oct 2016 01:40

Jasmine, here is the prominent first page story link on CNN. It will help you make Trump look worse than Clinton.

http://www.cnn.com/videos/cnnmoney/2016/10/05/donald-trump-playboy-video-cnnmoney.cnnmoney

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Pilgrim
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Re: Comparison of scandals - Hillary Clinton versus Donald Trump

Postby Pilgrim » 08 Oct 2016 01:29

The top story headline today from CNN on Trump's sex talk...
http://www.cnn.com/2016/10/07/politics/donald-trump-women-vulgar/index.html

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Pilgrim
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Re: Comparison of scandals - Hillary Clinton versus Donald Trump

Postby Pilgrim » 08 Oct 2016 22:55

Donald Trump = Done Toast

The problem is not that he is worse than any other politician. The problem is that others are not directly caught on video. He should probably drop out so that the Republicans can at least have a chance with financial responsibility and free market capitalism as the best path to prosperity.


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