Unlike developments where Trump licenses his name to a separate developer for a flat fee, profits from selling individual properties directly owned by his companies ultimately enrich him personally.
Trump has never disclosed a complete, unit-by-unit inventory of his companies' real estate holdings or sales, nor is he required to do so by federal law. Trump says he's separated himself from his businesses, but the trust set up in January is run by his sons. Trump is the only beneficiary and can withdraw funds at any time.
The volume of real estate creates an extraordinary and unprecedented potential for people, corporations or foreign interests to try to influence a president. Anyone who wanted to court favor with the president could snap up multiple properties or purposefully overpay. They could buy in the name of a shell company, making it impossible for the public to know who was behind the sales.
The potential for conflicts is exacerbated by Trump's refusal to release his tax returns or fully separate himself from his businesses, breaking with precedent set by presidents going back four decades. Since Congress passed the Ethics in Government Act in 1978, all six presidents from Carter to Obama established blind trusts or limited investments to assets like mutual funds. Trump has not.
And I can hear SJ & MC now, if Energy shares are up, Trump is helping XOM, if energy shares drop he is wrecking the economy. If gas prices are up he is hurting the consumer, if gas prices go lower he is wrecking the environment.
It's easier than you think. The stock club I'm in no longer holds shares in XOM, so I don't really care about their fortunes. I prefer high oil prices because it limits consumption (and as the "socialist" on this board, I would prefer a federal $0.50/gallon tax to pay for badly needed infrastructure improvements like replacing lead-laden pipes in cities, nationwide free internet, and rehab of roads and bridges).
But I won't complain about downward shifts in gas prices because it helps my wallet, especially during ski season (and, as Reagan figured out, low prices give petrostates like Venenzuela, Iran, and Russia a lot less power).
Yes, because, unlike you, I'm okay with the foxes getting more chickens or whatever (and I'm in favor of taxes that nudge behaviors in beneficial ways).
What if it went to guaranteeing Social Security? Or Medicare for all? Or purchasing land for National Parks? On the other hand, what if it went to more missiles to bomb Syria? Or more income tax breaks for millionaires? Or more Mar-a-Lago Trips for Trump?
The thing about the government taking in money is that they're able to spend the money how they want. If the American people don't like how their tax dollars are being spent, they can elect someone else, who will spend money differently. That's how things work, bud, and it's not changing any time soon.
Free internet???? That's interesting to me because one reason I like being home is I don't have the internet. Rather than getting free stuff the government can just send me a check every month.
So your position is that, if someone is rich enough to pay for something themselves, or choose to go without that Government service, that person should get a check from the government? Interesting theory. Fits in well with your "I don't have kids so fuck school taxes" thinking.
And that is why private charity can never replace government. A lot of people like camp will say "Fuck your (school/library/park/internet/healthcare/etc.). If I'm not using it, I'm not paying for it!". I say that there are benefits to an educated, healthy, connected country that doesn't force people to into bankruptcy to pay for that stuff on their own. Collectively, through our votes, we can create the country we want to live in. Or we can give a ton of tax dollars to the President and his family of dickheads. Either way.
No. My position is I don't want free internet so just send me my check. That's my position.
Also, I never said fuck school taxes. Gawd this is tiresome with you. I've said over and over that I take issue paying the same amount of school taxes as the guy with 5 kids. It just doesn't seem like the right formula to me. It's to the point in the country that imo we need to start rewarding people to not have kids vs rewarding the baby factories.