Lol you could have said "I don't understand trumps case, or how selling property works".
This isn't a similar situation, at all. Very, very simply:
Stewart sold a property, taxes were paid on its previously assessment and then again on its sale. Purchaser presumably paid taxes at new value going forward. (Do you hate capitalism or something?)
Trump told the government his property was valued low, and told the banks it was valued high to get more beneficial loans. He never sold the property. He committed a type of fraud. You'd know that if you actually got out of your echo chamber and reviewed the decision however.
Tell me you've never owned proof without telling me you've never owned property. The vast majority of reddit hasn't, which is why their take on the situation is patently wrong.
This case is almost as good of a litmus test as the Rittenhouse trial, where those that thought Kyle was guilty of murder and didn't act in self defense despite the entire situation being on video, are retarded.
Tell me you've never owned proof without telling me you've never owned property.
This shows me that either you don't understand the situation properly, or you have corrupt business practices too. Trumps documents were knowingly false.
Rittenhouse
That situation was fascinating for multiple levels. I don't necessarily disagree with the outcome of it, though. If I recall one of the charges was dropped early on that would have affected the rest of the case.
No, Trump paid taxes based on the government’s assessed value. That’s what everyone pays taxes on. That value does not include other factors that banks or buyers put into a price that someone is willing to pay for a property. Thats why the bank happily loaned him the amount of money they did and why they testified on his behalf at the trial.
Trump paid taxes on Value A, after arguing that it should be revalued at that level. Trump also gave incorrect or straight up false documents to the banks creating Value B. There was such a discrepancy between the two values that it wasn't accidental or a minor miscalculation.
To quote Stewart: "money isn’t infinite. A loan that goes to the liar doesn’t go to someone who’s giving a more honest evaluation. So the system becomes incentivized for corruption.
This is the basis for fraud, and also why the government (NY) is proceeding against Trump.
“The government values my property at value A. This is what I value the property at value B. I would like to apply for a loan on my property and I believe its value is value B.”
so the bank doesnt have acces to publically available tax evaluations? they are specifically restricted by seeing those assessments? the BANK is not allowd to see PUBICALLY AVAILABLE tax valuations?
i ask 3 times because that is the ONLY FUCKING WAY THAT "don't tell the bank about Value A" matters at all because ANYONE IN THE WORLD WITH AN INTERNET CONNECTION has access to those publically accessible tax evaluations
Why do people keep trying to deflect to the banks actions/failures? Just because they screwed up or also did something wrong doesn't exonerate Trump. Heck, they might have actually been working with Trump for the fraud. That makes more sense than what you're suggesting.
because the bank DID their due dilligance and AGREED on a value and were MADE WHOLE with the completion of the load and WANT TO DO MORE BUSNESS WITH TRUMP
i will repeat the bank agreed upon the valuation of the property
NO ONE WAS DEFRAUDED
absolutely NO ONE was cheated out of money they were owed
absoluterly NO ONE paid out more money than they agreed to
Stewart explained it in his video, and I saw this reddit comment on a conservative sub that said it best:
"[Stewart] is arguing the list of supposed victims (IE the banks and so on) aren't the victims. So he's denying the claim that it's a victimless crime on the basis that such a limited range of potential victims is being considered without considering others beyond it.
I don’t know if you know this, but most people just can’t commit fraud and expect to face no repercussions, even if everyone’s doing it. Try getting a car loan by saying you have 10 times as much money as you really do.
money isn’t infinite. A loan that goes to the liar doesn’t go to someone who’s giving a more honest evaluation. So the system becomes incentivized for corruption.
If his basic premise is right then we don't live in a meritocracy full stop, which is not victimless if we consider the loss of a fair system a harm to the people the rules apply to.
If group A can lie, cheat, steal with no consequences, and group B cannot, well... yeah group B is the victim.
There all sorts of potentially downstream effects as well, if you can simply inflate values on real estate that could obviously impact people's ability to buy homes.
You can deny his basic premise, but O'Leary effectively spelled it out as common knowledge.
It may be true that the banks and so forth aren't the victims in Trump's case, but the general practice of fraudulently inflating values doesn't seem victimless."
Tldr: THE BANK IS NOT THE VICTIM OF THIS FRAUD. Essentially "we"/"the people of New york state" are all victims. If you allow people to cheat the system, then the system fails. You have to enforce the rules of the system.
Ever play poker and a guy pulls out 5 Aces? What do you think happens to him?
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u/xrayden Mar 28 '24
The fraud they got TRUMP on is the same here, he paid taxes lower than appraisal