Dave Stancliff Trump's Billionaire Buddy Cabinet Won't Have To Pay Taxes - Don't You Wish You Didn't Have Too? blogarama.com

Monday, February 6, 2017

Trump's Billionaire Buddy Cabinet Won't Have To Pay Taxes - Don't You Wish You Didn't Have Too?


                                           Good Day World!

If you're not a millionaire or billionaire, I'd like to talk with you.

You may, or may not know that Trump's Cabinet is the richest ever gathered - their combined wealth accounts for a third-of American households.

Guess what? None of them will have to pay taxes!

In the late 1980s, Congress passed a law allowing nominees to indefinitely defer paying taxes on all capital gains. 

They still have to sell off their conflicting assets, but as long as they reinvest the money from those sales in low-risk assets like mutual funds or government bonds, they don't have to pay taxes on their profits.

What this means is they get away without paying a cent.

That's something you and I can only dream of. Imagine if you were in a position where no matter how much money you made you didn't have to pay taxes.

Setting aside the new Cabinet's stunning wealth, there's a bigger issue that has to be addressed:

Will these well-placed Trumpanzees represent you and I? 

Let's be logical about this. Of course not. They will be busy adding to their fortunes by introducing more laws giving the elite bigger tax breaks.

Just look at history. But Trump's appointees are even more special. They're not just rich, they're super wealthy, and have pet agendas that go crosswise with most Americans.

Trump is our first illegitimate president. He has no boundaries of decency. By stocking his Cabinet with the super wealthy, Chump can be assured there will be no dissent as long as he keeps the gravy train moving.

As for the rest of us, in particular those who voted for Rump because they thought he was going to create more jobs, the future isn't so clearly defined.

In Donny Little-Hands first week in office he's managed to piss off three major trade partners, Australia, Mexico and China. 

Now we're told that Americans are going to pay for building Dump's big wall - not Mexico.

Talk of 20% tariffs are terrifying American CEO's who do business with the two nations. 

Meanwhile Trump's Billionaire Boys Club is getting richer with every executive order Chump writes.

Time for me to walk on down the road...

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