Contributors

Tuesday, May 10, 2016

The Trump Flip Flops Begin

Donald Trump is going to start flip flopping like a frog on a skillet as he pivots before the general election, but today we'll focus on the thing that Trump said completely differentiated him from every other candidate in history: he is really rich.

Remember how Trump said that he would self-fund his campaign, and he wouldn't owe other billionaires anything?

Guess what? He lied! 
Donald J. Trump took steps to appropriate much of the Republican National Committee’s financial and political infrastructure for his presidential campaign on Monday, amid signs that he and the party would lag dangerously behind the Democrats in raising money for the general election. 
He's pretending that he has to do it because the Democrats would win if he didn't. The reality is that he's doing it to cash in. He is going to make money running for president. How is this possible?

Donald Trump hasn't actually spent any money on his campaign. He has been lending it money. Now there's a huge difference: by lending money to his campaign, he can have the campaign repay the loans at a later time, with interest.

Furthermore, a huge amount of his campaign expenditures are paid to Trump owned companies (like his airplane). Trump companies have been charging his campaign to fly him around the company, bringing him home every night to sleep in New York instead of in hotels on the campaign trail. Trump's campaign is paying him for office space in Trump Tower, for meals in his restaurants, etc. Trump's companies' services are much more expensive than other companies' because they're so "luxurious."

When other people start donating money to the Trump campaign (and some suckers have already been doing it!), Trump can use that money to repay the loans he made to the campaign, with interest. Trump will profit handsomely off the nitwits who swallowed his lies about self-funding.

Also remember how Trump said that candidates like Ted Cruz and Hillary Clinton are beholden to Wall Street because of their close relationships with Goldman Sachs and other banks? Trump just announced who his main fund-raiser is: Steven Mnuchin, who formerly worked at Goldman Sachs and at a firm funded by George Soros. Like Trump, Mnuchin donated to Clinton. And Mnuchin says he has been a personal friend of Trump for 15 years.

So, contrary to everything Trump promised, he's getting into bed with Republican billionaires like Sheldon Adelson who contribute to the Republican Party and who just endorsed Trump, and with Wall Street moneymen.

Oh, but he has to in order to beat Hillary, you say? Well, then, how is he any different than any other politician? It was clear from the beginning that Trump would never be able spend the hundreds of billions of dollars required to run for president (he's actually not very rich -- he's only like the 122nd richest person in America, between two other trust-fund babies you've never head of).

Trump has been conning voters for months about self-funding, knowing full well that in the general election he'd start using other people's money to run, and pay himself back all his loans at a profitable interest rate. That's just smart business, right?

This leads us into Trump's taxes. Trump says that he can't release his taxes because his taxes since 2009 are being audited (he's been audited every year since 2002). Trump hasn't released anything about his taxes at all, and when he does people will be outraged.

My guess is that Trump doesn't pay much in taxes. I'm betting that the vast majority of his personal living expenses are being paid for by the company (since he does business in his own home), so I'm guessing he personally pays nothing for food, rent, travel, entertainment, TVs, cars, furniture, etc., because those are all "business expenses."

Furthermore, I'm betting those phony "business expenses" are used to reduce his company's tax burden. Which means the American taxpayers are footing the bill for Donald Trump's lavish lifestyle.

Finally, I'm guessing that Trump does not pay himself much of a salary. Instead, I'm betting that the majority of his income is paid to him in forms that are counted as capital gains. Which means stock rewards, qualified dividends and other rich-man gimmicks that regular human beings can't take advantage of.

Being rich was supposed to the thing that made Donald Trump a legit candidate. But it turns out it's all just a scam to make Trump richer.

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