Lion of the Blogosphere

The greatest thing I ever heard from a Republican

Reported by Sarah Lynch of Reuters:

In a telephone interview on CBS’s “Face the Nation,” Trump vowed to reform the tax laws if elected and said the current system was harming middle class Americans who currently faced higher tax rates than traders on Wall Street.

“The hedge fund guys didn’t build this country. These are guys that shift paper around and they get lucky,” Trump said.

“They are energetic. They are very smart. But a lot of them – they are paper-pushers. They make a fortune. They pay no tax. It’s ridiculous, ok?”

. . .

“Some of them are friends of mine. Some of them, I couldn’t care less about,” Trump said.

“It is the wrong thing. These guys are getting away with murder. I want to lower the rates for the middle class.”

Trump is talking about loopholes such as the one which allow hedge fund managers’ income to be taxed at the lower capital gains rate instead of the higher rate for ordinary income. There are also other loopholes available to hedge funds because they are partnerships, and partnerships have a lot of strange tax rules.

While many Democrats have rightly spoken out against loopholes, every other Republican seems to believe that loopholes in the tax code are fast ones that they pulled on the Democrats and not any sort of problem that needs to be fixed. Obviously I agree with Trump. It’s outrageous that people engaging in pure value transference (as Trump seems to understand) have a lower tax rate than people working at real value-creating jobs like engineers.

Trump is more than just the best immigration plan.

Thank you “Perez HBD” for the tip.

Written by Lion of the Blogosphere

August 24, 2015 at 3:24 pm

Posted in Politics, Taxes

108 Responses

Subscribe to comments with RSS.

  1. He’s also very good on trade and has repeatedly stated that free trade is harming the American economy. Most Republican politicians still espouse the Wall Street Journal view that free trade is an unmitigated good.

    Trump is one of the most pro-American candidates that we’ve had a very long time.

    JerseyGuy

    August 24, 2015 at 3:51 pm

    • I would have liked Ike, but I’ll take Trump. I have to say I totally expected him to fold when they started attacking his businesses. In his speech in Alabama, he mentioned his brand and laughed, pretty much acknowledging that he has nuked his former life.

      Dan

      August 24, 2015 at 5:38 pm

      • No. He hasn’t. Most if not all of his clientele is conservative. It’s just made them like him more, and I guarantee he expected that.

        Viscount Douchenozzlé

        August 24, 2015 at 9:41 pm

    • TOO BAD, he didn’t showcase his beautiful daughter and handsome son in law, while he was in Alabama, in front of those oversized proletariat, who would turn green, when seeing them. He could make them even more angry, and said, they are your NYC-Manhattan, high society.

      Trump is another yankee doodle dandy elite trying to tame the Southern “trash” and other similar demographic, and garner their votes, an inverse of Obama and his democratic ilk, when it comes to NAMs.

      JS

      August 24, 2015 at 10:19 pm

      • Trump actually did have his daughter with him in Alabama, as well as one of his sons, Eric. He pointed them out to the crowd, ostensibly to say they could handle his business when he was in the White House, so don’t worry about The Donald being distracted. But I think the subtext was, “Compare my kids to Jeb’s. No contest.”. He did allude to the importance of good genes later in his speech, noting that he had an uncle who was an MIT prof, and saying “Secretariat doesn’t produce slow horses”.

        Dave Pinsen

        August 25, 2015 at 5:10 am

      • This oversized proletariat?

        Last time I was in Manhattan I was underwhelmed. Where, I thought, were all the hot girls that people think should be here. . . There are more hot women in one square block of Dallas or LA than in the entirety of Manhattan.

        Curle

        August 26, 2015 at 12:21 am

      • Yes, girls in the southwest states are very hot.

        Lion of the Blogosphere

        August 26, 2015 at 9:20 am

  2. “They make a fortune. They pay no tax. It’s ridiculous, ok?”

    Here’s *the* book on that:

    Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich–and Cheat Everybody Else

    aandrews

    August 24, 2015 at 4:00 pm

  3. Trump has made his money from being granted lucrative zoning variances (which he has admitted to buying off politicians in order to obtain) and increases in land value caused by broad social shifts that he had almost no part in. Why doesn’t he also come out against the forms of value transference that he is most familiar with?

    Lloyd Llewellyn

    August 24, 2015 at 4:26 pm

    • He shouldn’t have to hang himself to run for office. With any luck he’ll prove as useful to us as Joe Kennedy was to the New Deal..Kennedy knew how things were done in real life and how to regulate abuses.

      Mrs Stitch

      August 24, 2015 at 5:23 pm

    • I think the reason Trump can call out stuff like this and avoid being tarred as a hypocrite is because he doesn’t pretend that he isn’t working the system while telling everyone else they shouldn’t work the system. Humans hate that.

      He brags about working the system! That’s his point… He’s alluding to how broken and BS it is.

      Fozzie the Bozo Clown

      August 24, 2015 at 9:38 pm

      • Exactly, just like I deal in cash and avoid taxes, Trump pays off the politicians to have his way. The system is messed up, but we, meaning Trump and millions of other people, need to live, right? Also, Trump is not ‘alluding’ he is saying it openly.

        Yakov

        August 24, 2015 at 10:57 pm

    • In my neighborhood you don’t need to bribe anyone to get a variance and about 2/3 of new houses (mostly tear downs or 2nd houses off the alley) need at least one.

      Basically San Diego has a strict code in theory, but as long as it isn’t unsafe, ill matched, or hideous you can get it approved.

      Lot

      August 24, 2015 at 11:32 pm

  4. There is lots of potential for a Republican populist message along this line. Though Republicans are generally pro-market and like rich people, a lot of conservatives have a real ideological connection to productive, blue-collar work and think of “rich people” as someone like a guy with a successful plumbing or construction business, or a successful shop owner. Or at least CEOs of productive companies like GE or even a retail chain. The blue-collar Republicans I’ve known have often had almost as much disdain for Wall Street “paper pushers” as a lot of leftists do.

    chairman

    August 24, 2015 at 4:27 pm

    • Yes but the establishment is pushing against that sort of populism. They would rather lose than surrender to an economic nationalist populist message.

      Mike Street Station

      August 24, 2015 at 5:59 pm

      • Yes, the Republican Party’s goal is to make the lives of everyone except rich people worse. So even though conservative minded people respond well to a lot of economic populist messages even when they’re generally pro-business, those arguments will never be made or at least not supported by the establishment. There’s a lot of political winnings to be had in a socially moderate/conservative + economically populist message but that would benefit neither of the parties elite leaders.

        chairman

        August 24, 2015 at 7:34 pm

      • That’s part of why Trump is so great. He’s going to make, or take a good stab at making, the establishment reveal their true colors. Do your thing Trump.

        ModernReader

        August 24, 2015 at 8:37 pm

      • The blue-collar Republicans I’ve known have often had almost as much disdain for Wall Street “paper pushers” as a lot of leftists do.

        Wall Street donations overwhelmingly favored Romney over Obama.

        The Undiscovered Jew

        August 24, 2015 at 10:47 pm

  5. Trump is not a Republican, he is an American Patriot. I heard it live on Bloomberg, it was delivered with fire and passion. Excellent!

    Yakov

    August 24, 2015 at 5:15 pm

  6. The cool parlor trick is that the Republicans get all the blame for protecting Wall Street. In fact the finance sectors home congress critters are all Democrats, such as Chuck Schumer and Chris Dodd. Schumer was a key figure in his party with Democrats controlling the Senate when it was time for all the judgments to come down after the crisis. He could make sure stuff hurting Wall Street got pocket vetoed.

    Dan

    August 24, 2015 at 5:26 pm

    • The cool parlor trick is that the Republicans get all the blame for protecting Wall Street.

      Nobody cares about “Team Republican” except delusional White guys and party hacks.

      Both parties are to blame. Trump knows that.

      Glen Beck, Sean Hannity and Rush Limbaugh AND the Democrats are playing this Political Party Football game.

      “Real” Americans have to get over it.

      Rifleman

      August 24, 2015 at 7:38 pm

      • Rush and Sean criticize the Republican establishment all the time

        Jay Fink

        August 25, 2015 at 4:24 am

    • Trump’s son in law, is a Wall St guy and a big Democrat donor.

      JS

      August 24, 2015 at 8:13 pm

      • Hes a real estate heir. His family made their fortune in construction of apartment buildings in New Jersey, they sold their holdings in NJ to become fancy manhattan people

        His father went to jail and now plays the background:

        http://www.nytimes.com/2004/08/19/nyregion/major-donor-admits-hiring-prostitute-to-smear-witness.html

        anon99

        August 25, 2015 at 7:33 am

      • Tell me if Trump’s son in law is not a Wall St type:

        http://therealdeal.com/blog/2015/03/24/kushners-launch-real-estate-investing-startup-cadre-raise-18-3m-in-series-a/

        He co-owns a fund or venture capital, founded by his brother, where there is a black guy who’s also part of it, because he specializes in “real estate private equity”. Sounds hedge fundy to me!

        JS

        August 25, 2015 at 11:10 am

      • What do you expect the children of privilege to do? Be an HVAC installer? I don’t think so.

        Lion of the Blogosphere

        August 25, 2015 at 11:12 am

      • Yes, and token blacks are always among WASPY Whites and Jews. Never among Italian Americans, proles or guidos.

        Scratching my head!!!!

        JS

        August 25, 2015 at 11:27 am

      • The Kushner brothers’ father went to federal prison for tax evasion. Not just a guido thing, as some commenters have written.

        https://en.wikipedia.org/wiki/Charles_Kushner

        McFly

        August 25, 2015 at 1:01 pm

      • Like Michael Grimm, the guido Congressman from Staten Island.

        Lion of the Blogosphere

        August 25, 2015 at 1:02 pm

      • The smell of money isn’t different for a guido and a value transferee. The latter, is usually savvier, when it’s ill gotten, and he usually makes his money the easy way.

        JS

        August 25, 2015 at 1:36 pm

      • In the private equity world, it’s easier to raise money when one of the principals is a minority. Alot of major institutions have a certain $ amount set aside to invest in minority owned businesses.

        anon99

        August 25, 2015 at 2:35 pm

    • People think that because it’s true. Both parties are more pro wall street than the ought to be but the republicans more so.

      Wall street doesn’t have it’s own congressional district there are other people that live in the area voting for their own reasons. Even looking at wall street donations, which would be the much smarter route, doesn’t tell you everything because wall street people care about more than just deregulating their industry.

      Lloyd Llewellyn

      August 24, 2015 at 10:01 pm

  7. “Well, I didn’t do anything to reduce immigration, but at least I raised the hedge fund guys’ taxes.”

    myra

    August 24, 2015 at 7:24 pm

  8. I smell hypocrisy. His son in law, Jared Kushner, husband of Ivanka, is a typical, Harvard University, Value Transferee. His business is in high end real estate and also “invests”, which hints hedge fund, and anyone in the masters of the universe, realm. He is also a big supporter of the Democratic Party.

    Why would any sane and intelligent person, believe a single sentence, what these cats say and intend to do, when elected to office?

    JS

    August 24, 2015 at 7:25 pm

    • Politics isn’t about policy. It’s all talk. At least immigration talk is happening. It’s causing a shift in the Overton window. That’s something.

      Fozzie the Bozo Clown

      August 24, 2015 at 10:05 pm

      • People keep saying that but if Trump goes down in flames then everyone is going to say it’s because of his immigration rhetoric. If Trump wins it could just be like Bush Sr’s WIllie Horton ad where it becomes shorthand for outrageous and unacceptable extremism.

        Lloyd Llewellyn

        August 25, 2015 at 1:54 am

      • “but if Trump goes down in flames then everyone is going to say…”

        I’m going to quote the author of this blog at this point:

        “The majority is wrong about a lot of stuff”

        The majority isn’t paying attention, unless the circus is fun to watch. We’ll give them a circus. Trump is skilled at being a ring leader.

        Personally, I don’t live my life by the code of “if this, then that”. Everyone here knows some of our views aren’t popular and that the elite constantly deploy countermeasures to make our ideas look bad. Who cares? Immigration is hardly a vacuum. I think the majority understands they are the ones primarily at risk if we continue down the NAFTA path. Personally I won’t pretend that uneducated peasants are nothing more than a panacea for GDP. Who cares? Money isn’t everything. I won’t be intimidated by “racism”.

        Fozzie the Bozo Clown

        August 25, 2015 at 10:07 am

      • But the overton window is about what the majority thinks. So if you think shifting the overton window is desirable than you care about what the majority thinks.

        Lloyd Llewellyn

        August 25, 2015 at 9:01 pm

    • As a half Ashkenazi I am excited that both parties have front runners with halfie grandchildren.

      Lot

      August 24, 2015 at 11:22 pm

      • Sanders’ one kid is also half.

        The mainstream right meanwhile, rather than tapping our deep well of talent, has a black guy, two Latin Americans, and an honorary Mestizo.

        Lot

        August 24, 2015 at 11:28 pm

      • Trump doesn’t. Ivanka went through an Orthodox conversion. She maybe light in her observance, but she keeps the essence.

        Yakov

        August 25, 2015 at 1:11 am

    • I smell hypocrisy. His son in law, Jared Kushner, husband of Ivanka, is a typical, Harvard University, Value Transferee. His business is in high end real estate and also “invests”, which hints hedge fund, and anyone in the masters of the universe, realm. He is also a big supporter of the Democratic Party.

      So? Trump claims to be a Christian. His son in law is Jewish. So that cancels out Trump’s religious views??

      What would you like Trump to do? Ignore the tax issue? Kill his son in law? Get out of politics and care only about Trump assets?

      Rifleman

      August 24, 2015 at 11:29 pm

    • JS, Trump deals with issues, his son-in-law’s occupation or political views are not an issue and there is no reason for you to concerned yourself with it.

      Yakov

      August 25, 2015 at 1:09 am

      • Yakov, I know that!

        Read my comments about Trump being a Yankee elite for unsuspecting proles. The same goes for Obama and his black sheeps.

        JS

        August 25, 2015 at 1:40 pm

      • And notice the celebratory pattern for Obama, when he tried to become the 1st black president, and now Trump, trying to become the 1st non-politician president. Notice how Obama ushered a country to pave way for a Trump. Only chumps believe otherwise. Elites will always try to fool the masses.

        JS

        August 25, 2015 at 1:43 pm

      • Was Eisenhower a politician? Was Washington?

        Lion of the Blogosphere

        August 25, 2015 at 3:34 pm

      • JS — Is Trump the elite’s choice? Sorry, but that is pretty much the opposite of what I understand to be the case.

        Dan

        August 25, 2015 at 4:15 pm

      • Eisenhower and Washington were proles for their time, not elites. Trump is an elite. Bloomberg is also an elite. They don’t care for the average prole.

        Giuliani was not particularly elitist, when he was a mayor.

        JS

        August 25, 2015 at 4:36 pm

      • Dan – Romney is an elitist, but he wasn’t a choice for the elites. Prolier states were his base.

        JS

        August 25, 2015 at 4:48 pm

      • “Eisenhower and Washington were proles for their time, not elites.”

        Washington was part of the Virginia aristocracy and definitely part of the elite of his day. Eisenhower was a four star general at a time when such positions gained you entry to the elite. Here’s Washington’s very elite boyhood home. Impressive then and now.

        http://adventure.howstuffworks.com/george-washington-birthplace-national-monument.htm

        Curle

        August 27, 2015 at 12:22 am

    • Speaking of sons in law, what are the policy implications for Boehner/Rastaman?

      jef

      August 25, 2015 at 11:45 am

      • “Legalize it.”

        Glengarry

        August 26, 2015 at 3:13 am

    • If Trump himself were a Hedge Fund manager that wouldn’t disqualify him from speaking out against the unfair way in which they are taxed or make him a hypocrite. It just means he knows what he’s talking about. And the era when fathers decided who their daughters can or can’t marry has long since ended in the West. Even if Trump’s tax position required him to hold some visceral hatred of hedge fund managers such that he would want to prevent his daughter from marrying one, there is nothing he could do to stop her. Ivanka did the same thing her mother did- she married in to an extremely wealthy Manhattan family, which, all other things being equal, is a pretty smart move for a woman to make especially if she is accustomed to a certain type of lifestyle.

      Hot women try to leverage their looks to marry rich men. Rich men leverage their looks to marry hot women. That is why Ivanka married the heir of a real estate tycoon and Donald Jr, married this:

      Perez HBD

      August 25, 2015 at 2:32 pm

      • Vanessa seems like an average looking girl with an expensive hairstyle and expensive clothes.

        Lion of the Blogosphere

        August 25, 2015 at 3:36 pm

      • NYC is a magnet for good looking women. Vanessa is not average in most places. She is a 10.

        not too late

        August 25, 2015 at 5:53 pm

      • She’s almost 40 years old now and has had 5 kids. Relatively speaking I think she looks great. She was a model in her youth. Leonardo DiCaprio was banging her right before he started dating Gisele. She shrewdly used the publicity from that tryst to elevate her standing in the young Manhattan socialite scene.

        Perez HBD

        August 25, 2015 at 6:14 pm

      • @Lion of the Blogosphere

        Are you kidding?

        Just recently you said that his daughter Tiffany was hot, and now you are saying that his daughter-in-law Vanessa is average?! You really like trashy looking girls, huh?

        Plus they have 5 kids, which is good for America.

        ScarletNumber

        August 25, 2015 at 6:35 pm

      • not too late – According to Curle, Manhattan is a not magnet for hot women. Relatively comparing, there are a lot more hot women, in one square block of a Southwestern City, than all of Manhattan.

        JS

        August 26, 2015 at 12:31 pm

  9. Lion, at least people at asset management firms are *earning* carried interest. What’s absurd is that no one is questioning the minimal taxation on large inherited trusts. So, let’s say the “loophole” is closed, consider this hypothetical: Paris Hilton invests $100 million in John Paulson’s hedge fund. The $100 million is doubled: Paris gets $78 million for nothing. Paulson gets $22 million resultant for a lifetime of hard and brilliant work. Now, taxes: Paris pays the minimal capital gains tax and Paulson would pay the highest tax rates in the country.

    anon

    August 24, 2015 at 8:16 pm

    • ” Paulson gets $22 million resultant for a lifetime of hard and brilliant work.”

      Or for access to inside information.

      chairman

      August 24, 2015 at 10:13 pm

    • Capital gains and inheritances should be taxed as ordinary income. That income rate could be a lot lower if these massive fortunes were fairly taxed.

      St Ron equalized the capital gains and income tax rates at 28%. It was Bush Sr who broke this by raising income but not cap gains taxes.

      Lot

      August 24, 2015 at 11:19 pm

  10. Did you see the following story regarding Jeb Bush?

    http://www.huffingtonpost.com/entry/jeb-bush-anchor-babies_55db8117e4b08cd3359cf324

    What a wretched, two-faced man.

    verylongaccountname

    August 24, 2015 at 8:23 pm

    • It’s something of a quote gold mine.

      Jeb Bush Clarifies That He’s Concerned About Asian ‘Anchor Babies,’ Not Hispanic Ones

      Is this an expression of the acceptable form of racism? Just curious.

      The term is still offensive.
      by Marina Fang (asian)

      Oxen are being gored left and right here, it’s chaos, it’s a minefield! Voter groups defecting for better deals all over the place! Bush is pinned down between the lines!

      “As I said in Spanish, my background, my life, the fact I’ve been immersed in the immigrant experience, this is ludicrous for the Clinton campaign and others to suggest that somehow I’m using a derogatory term,” Bush said Monday.

      Bush later added, “It’s not derogatory when we use it in our community, ese.” That is furthermore just in itself a fantastic ¡Jeb! quote. The future of America, citizens.

      Soon after, Democratic presidential candidate Hillary Clinton’s campaign seized on his remarks, tweeting that a better term [than anchor babies] would be “children,” …

      You’re bleeding from your nose and your eye is red again Hillary, time for a nap. There’s a good girl. For example, your own child Chelsea — remember Chelsea? Good girl — was never an anchor baby. Now lie down and take it easy.

      Glengarry

      August 26, 2015 at 3:32 am

      • OK, that was clearly beyond my formating skills.

        Glengarry

        August 26, 2015 at 3:33 am

  11. Lion,

    Can you do a post on Trump’s class and how he differs from the decaying WASP elite and the Silicon Valley elite? One of your others comments indicated that he is very much in the old Cavalier mold (https://en.wikipedia.org/wiki/Cavalier). Perhaps these are going to be the people who help save Western Civilization? It’s not going to be the Mitt Romney types nor the Silicon Valley effeminate males. It’s going to be the smart, brash, alpha males.

    This was also linked on Drudge Report: http://www.wnd.com/2015/08/donald-trump-warrior-male-extraordinaire/

    Trump is of the old warrior Aristocracy. We really need these class of people to come back in the West.

    JerseyGuy

    August 24, 2015 at 8:28 pm

    • “Trump is of the old warrior Aristocracy.”

      Wrong. He’s a garden variety nouveau riche douchebag terminally incapable of shutting his mouth. As I mentioned in an earlier comment, Trump inherited the wealth that built his business and prevailed during an era of unprecedented economic expansion in this country. He’s an obnoxious ass with no coherent plan for the nation and, more importantly, no way to credibly assure voters that he’ll carry out the little that he has promised given his lack of a political track record and history of total duplicitousness in his private life and career. That so many of you believe otherwise is frankly rather incredible – a testament to the quality of his marketing.

      Viscount Douchenozzlé

      August 25, 2015 at 5:55 am

      • He’ll hire a chief of staff who will do the real work of running the White House while he make speeches, just like every other president.

        Lion of the Blogosphere

        August 25, 2015 at 9:22 am

      • “He’s an obnoxious ass with no coherent plan for the nation”

        Yet curiously, in one single immigration document, he’s produced a more “coherent plan” about immigration for America then the combined brain trusts of the Democrat and Republican parties for the past 50 years.

        peterike

        August 25, 2015 at 10:36 am

      • “Yet curiously, in one single immigration document, he’s produced a more “coherent plan” about immigration for America then the combined brain trusts of the Democrat and Republican parties for the past 50 years.”

        Only to directly contradict it a few days later in a statement to the press.

        He’ll hire a chief of staff who will do the real work of running the White House while he make speeches, just like every other president.

        No doubt. The question is who that person will be, and there’s no visibility on how that selection process will go because Trump’s political record is non-existent and in his business and private life he has a rather spectacular history of duplicitous behaviour. If that person is another Karl Rove or Dick Cheney then we have a total disaster on our hands, and I see no reason to believe that wouldn’t be the case – rather the opposite.

        Viscount Douchenozzlé

        August 25, 2015 at 2:53 pm

      • Has he hired any ridiculous people to run his hotels and apartment buildings? I am sure that Trump knows how to hire someone responsible.

        Lion of the Blogosphere

        August 25, 2015 at 3:37 pm

      • That’s fair. I suppose we’ll see.

        Viscount Douchenozzlé

        August 25, 2015 at 4:02 pm

      • There is no way Trump is a dumb lackey. Not possible.

        If all he does is kick out illegals, build a wall, and improve our balance of trade, he will be the best President since Eisenhower. Who cares if he is crass? I am ready for a real man president. Clinton, the Bushes and Obama are nothing if not world class douche bags who run their mouths incessantly.

        not too late

        August 25, 2015 at 5:58 pm

  12. Trump just transcended from prole douchebag billionaire to God-like douchebag billionaire.

    Too bad his whole campaign is still a farce.

    Lion of the Judah-sphere

    August 24, 2015 at 8:37 pm

    • It’s really true and true, too bad that Lion didn’t have Trump as a daddy to look up. Yes, he’s acts prole, but at least his daughter and son in law, look like your typical well to do Manhattan Bobo types.

      JS

      August 24, 2015 at 10:26 pm

      • His daughter is hotter than the typical Manhattan bobo.

        Lion of the Blogosphere

        August 25, 2015 at 12:02 am

      • You’re correct. For me, looking at Ivanka Trump brings back memories, both good and bad. She looks a lot like a Moroccan chic I once dated. Ivanka Trump and Jennifer Lawrence, are both very Middle Eastern in appearance.

        JS

        August 25, 2015 at 11:17 am

    • As opposed to? Please enlighten me on which Republican candidate is less a farce than Trump.

      Douchebag – oh my. I don’t even know where to start. Seriously, are you a shill? So many candidates owned by special interests.. George Will tells you Trump is a douchebag and here you are..

      Let me know who you are rooting for. I need to know who to be against.

      ModernReader

      August 25, 2015 at 12:30 am

      • Who’s George Will?

        My handle is “Douchenozzlé” for god’s sake. Is it really so incomprehensible that I might view Donald Trump as a douchebag solely on his own merits? Or are Americans truly only capable of thinking in tropes provided to them by someone else?

        Viscount Douchenozzlé

        August 25, 2015 at 4:01 pm

      • I’m not saying that being a douchebag is bad thing. But he is a douchebag.

        And he’s gonna shut down his campaign in a few months. Watch and see.

        Lion of the Judah-sphere

        August 25, 2015 at 9:38 pm

      • But is it good or bad to be called a douchebag by a douchnozzle? It seems negative but is it really “yo, m’douchebag (complicated handshake)”? My dear vicomte, I confess I find myself at an impasse.

        Glengarry

        August 26, 2015 at 3:37 am

      • Will gave the great M.E. Bradford the Stalin treatment. He’s a worthless prick. More importantly, he’s a defender of the post Civil War ‘strong government’ form of so-called conservatism. Such folks despise populists like Trump (in his current incarnation) and Bradford in an earlier time. I know which side I’m on.

        http://www.nytimes.com/1982/02/13/opinion/lincoln-bradford-and-the-conservatives.html

        Curle

        August 27, 2015 at 12:35 am

    • Viscount Douchenozzlé

      August 25, 2015 at 5:52 am

  13. Oh for the love of god, Sanders has been saying this for years along with tons of other issues with the tax code. You’ll notice that he only singles out carried interest because it affects a very specific and ascendant fraction of the nouveau riche.

    Viscount Douchenozzlé

    August 24, 2015 at 9:39 pm

  14. Trump is talking about loopholes such as the one which allow hedge fund managers’ income to be taxed at the lower capital gains rate instead of the higher rate for ordinary income.

    I’ll vote for him anyway, but it’s stupid to raise any taxes on anyone working in the private sector. Almost all of the revenue will be siphoned to liberal social engineering experiments.

    It’s the non profit sector that needs to be crushed.

    The Undiscovered Jew

    August 24, 2015 at 10:46 pm

    • I mean, the federal budget and what constitutes it is pretty clear; the notion that any increase in revenue will be “siphoned to liberal social engineering experiments” is pretty clearly false. Pray tell, why is it “stupid” to close a tax loophole that permits one specific, protected class of people to earn more than everyone else?

      Viscount Douchenozzlé

      August 25, 2015 at 6:04 am

      • Correct, the government spends only what Congress authorizes. If there is more tax collection with no increased spending authorization, the government will just use the extra income to borrow less money.

        Lion of the Blogosphere

        August 25, 2015 at 9:25 am

    • He says at the same time he wants to lower rates for the middle class. So it could be revenue neutral. Americans for Tax Reform, Grover Norquist’s outfit, is okay with revenue-neutral stuff.

      Dan

      August 25, 2015 at 9:08 am

    • Tax the Opera and the SPLC!

      not too late

      August 25, 2015 at 6:01 pm

    • I mean, the federal budget and what constitutes it is pretty clear; the notion that any increase in revenue will be “siphoned to liberal social engineering experiments” is pretty clearly false.

      What other than the military does the government spend on that isn’t liberal social engineering?

      Correct, the government spends only what Congress authorizes. If there is more tax collection with no increased spending authorization, the government will just use the extra income to borrow less money.

      In practice this just gives liberals more justification for increased spending – “but we have so much extra revenue…”

      He says at the same time he wants to lower rates for the middle class. So it could be revenue neutral.

      I’d rather reduce government revenues. There’s no point giving them a single penny more. But again, this wouldn’t be a deal breaker for me.

      Tax the Opera and the SPLC!

      Leave the opera alone.

      The Undiscovered Jew

      August 27, 2015 at 12:54 am

  15. A lot of the middle class isn’t paying income tax either. In particular those getting child tax credits.

    Jay Fink

    August 25, 2015 at 4:27 am

  16. The Chamber of Commerce relationship has hurt the GOP.

    A tax code that ignores source of income and treats everyone equally is a no-brainer. It shouldn’t be partisan.

    dsgntd_plyr

    August 25, 2015 at 8:32 am

  17. Go Trump! I agree completely. And, while we’re talking about money, donations from Wall Street and hedge fund people have beenpretty evenly split between Democrats and Republicans. These people aren’t fools. But I’m so glad that the valiant Obama stood up to the Wall Streeters and didn’t give them any Cabinet appointments, such as, say, Secretary of the Treasury. So don’t let the pot call the kettle black

    Black Death

    August 25, 2015 at 9:47 am

  18. OT:

    “The bimbo’s back in town”: Donald Trump live-tweets Megyn Kelly’s return to Fox News

    lol

    “I like the Kelly File much better without her. Perhaps she could take another 11 day unscheduled vacation!”

    As one of Trump’s acolytes said, Mess with the bull, get the horns.

    aandrews

    August 25, 2015 at 9:49 am

    • it occurred to me that he’s pulling a Heartiste-style neg on this poor woman…lol. Guess Matt Lauer had the same thought.

      Mrs Stitch

      August 26, 2015 at 10:44 am

  19. https://news.vice.com/article/hungary-is-building-a-wall-along-the-serbian-border-to-keep-migrants-out

    Its almost complete and they are telling Trump that it cannot be done.

    Yakov

    August 25, 2015 at 11:08 am

    • Yep, the Kenyans are able to build a wall to keep out Somalis. Surely the US can manage something similar.

      Julian

      August 25, 2015 at 10:47 pm

      • Yeah, we have a Kenyan too.

        Glengarry

        August 27, 2015 at 1:48 am

  20. He should keep hammering on trade and immigration. Jobs is what Americans who support him want. Those fuckers on the left always say they’ll tax the rich, its a broken record. The rich have all their money offshore in places like the Cayman Islands or the wonderful tax-free Bahamas. Guys like Gates pretend to start charities, but Trust Funds are really just tax shelters. Most of the Gates Foundation money buys computers for low-income dummies – with Windows installed of course. Its a scam. You’ll have to jail or kill these fuckers to get their gold, its wrapped up tight out of the reach of the scumbags at the IRS.

    Joshua Sinistar

    August 25, 2015 at 10:33 pm

    • If you want to tax the rich, they can be taxed. Republicans always block attempts to do anything to close loopholes. Even if there are some pro-rich Democrats, ALL Republicans are in the pro-rich camp.

      Lion of the Blogosphere

      August 26, 2015 at 9:18 am

      • There’s a reason the tax code is incomprehensible, its to allow the lawyers and accountants of the rich to help their clients avoid taxation. If you raise taxes the rich will just hire someone to find a really strange way to avoid it like buying sewers and renting them to take a paper loss to reduce their tax bill. People who work for the IRS will tell you even they don’t understand the code, and that the only way to fine anyone is to take them to court. Those big money guys have plenty of these Congressmen in their pocket. One call from them and the bureaucrats back off.

        Joshua Sinistar

        August 27, 2015 at 6:49 pm

      • “There’s a reason the tax code is incomprehensible, its to allow the lawyers and accountants of the rich to help their clients avoid taxation.”

        This violates the Occam’s Razor principle that one should not look to a complex conspiracy to explain what can easily be explained by stupidity (in this case the stupidity of Congress).

        Lion of the Blogosphere

        August 27, 2015 at 8:14 pm

    • We don’t need the rich, not even for their money.

      http://bilbo.economicoutlook.net/blog/?p=31604

      chairman

      August 27, 2015 at 9:26 pm

  21. All politicians blow smoke about lowering taxes for the middle class. That’s nothing new.

    Trump’s great gift is his startling willingness to treat the political process as the clown show that it is, and to do so in a glancing way, almost as an aside.

    Compare Trump’s recent use of the term “anchor baby” with Jeb Bush’s. Both were called out on the “offensiveness” of the term. But while Jeb Bush hemmed and hawed and bungled his way through a defense — only to lamely and clumsily and eventually say “Frankly, it’s more related to Asian people” — Trump DOUBLED DOWN on his use of the term, and after a brief back-&-forth firmly declared: “No, I’ll use the word ‘anchor baby.'”

    “Doubling down” is an apt way of describing Trump’s rhetorical strategy, because Trump, a successful businessman, inherently understands and embraces the concept of RISK. (It helps that he’s essentially playing with house money now, but whatever. Will be interesting to see whether this tactic changes if and when Trump is taken seriously as an “establishment” candidate.)

    How many politicians of the last 30 years do you recall directly challenging “serious media people” in this way? How many politicians would say something so cheeky and cavalier and downright silly as “Only Rosie O’Donnell” — in a nationally televised debate, no less! He’s confrontational. He’s difficult, strange. He’s what my grandfather would call “a real hoot.” Trump REWARDED us with that response.

    (I do recall Chris Christie, a few years back, in a kind of town hall format, actually getting in the face of an obstreperous citizen who was rudely interrupting the proceedings, literally towering over the guy, almost coming to blows, but that’s about it.)

    martinslag

    August 25, 2015 at 11:37 pm

  22. There really is nothing that Trump is saying about immigration or any other issue that is wrong. He pretty much says things that are entirely reasonable.

    What is telling is the hysterical overreaction to Trump performed by the cuckservatives and other parties. That is what is really revealing.

    map

    August 26, 2015 at 12:07 am

  23. If Trump had to go after a female hack, why not go after Rachel Maddow, or some other other appalling lefty woman in that mould. The U.S. media is full of these these types.

    Roli

    August 26, 2015 at 12:29 am

    • “…why not go after Rachel Maddow, or some other other appalling lefty woman….”

      Proximity. He’s probably but THE FEAR in all of them.

      aandrews

      August 26, 2015 at 11:44 am

  24. http://www.bloomberg.com/politics/articles/2015-08-26/trump-puts-a-serious-wall-street-issue-on-the-table-hedge-fund-carried-interest

    Quote from the article:
    ‘Republican presidential candidate Donald Trump is dogged by the perception that there isn’t much to him beneath the bluster and the glitz. But he may have inadvertently steered the race into important territory, at least when it comes to Wall Street and taxes.’

    ‘May have’ – maybe it will go away
    ‘Inadvertently!’ – Meaning accidently and without a forethought.

    Shamless reporting as usual. Trump, only Trump!

    Yakov

    August 26, 2015 at 7:47 am

  25. I remember back to Reagan’s big tax cut promise, which everyone was excited about. It put a few thousand into the hands of the middle class and gave enough mad money for clowns like Ivan Boeski to buy companies and cut them up for parts like a fucking chop shop. Then all the factories got bought and sent overseas. That small burst of disposable income for John Q. Public nuked the economy. We got nothing now. We have to get these welfare tourists the hell out and Americans back to work or this is gonna be Mad Max The Dark Ages Returns. This talk about cutting taxes is all bullshit anyway. If you want to soak the rich you have to cut up and eliminate those tax shelters called Trusts that fund these socialist schemes that screw everyone. Those damn Foundations have to be raided and closed down too. These American Haciendas with over a thousand acres of lawn surrounded by walls don’t belong here either. They should be torn down through huge fees and giant reassessment that parcel them into three acre units and force these greedy bastards to pay for each parcel at a going rate. These big companies that screw the consumers and end users by stifling competition should be hit with giant anti-trust fines that compound to let smaller more innovative companies into the market. Guys like Steve Jobs will never break out again under the Byzantine Regulations that these slimy sleazeballs force on competitors. Their fortunes have to be broken up and their tax free lobbying groups and foundations have to be blown up.

    Joshua Sinistar

    August 28, 2015 at 5:17 am


Comments are closed.

%d bloggers like this: