The developer, who would paste his name on a condom machine in a men's room if they still existed, has manipulated tax havens, tax breaks, tax loopholes and obtaining incentives from government to build his ugly buildings.
Donald Trump, after promising a game changer for the election, came out swinging like a wimp. The real estate mogul clearly desperate for attention outlined a proposal that he would donate a charity $5 million if Obama opened up his college papers. Of course this smells to the high heavens of sleaze and sensationalism that hurts and divides this country. The man seems to know no boundaries.
Now, Mr. Trump as every right to free speech (even if it is of the worst kind) however it is totally unacceptable that the taxes we pay to New York enable him to be a billionaire.
The Los Angeles Times reports:
"From his first high-profile project in New York City in the 1970s to his recent campaigns to reduce taxes on property he owns around the country, Trump has displayed a consistent pattern. He courted public officials, sought their backing for government tax breaks under extraordinarily beneficial terms and fought any resistance to deals he negotiated
He has boasted of manipulating government agencies, misleading officials in one case into believing he had an exclusive agreement to develop a property and then retroactively changing the development's accounting practices to shrink his tax bill. In New York, Trump was the first developer to receive a public subsidy for commercial projects under programs initially reserved for improving slum neighborhoods. Such incentives have now become the norm in the powerful New York real estate community.
Karen Burstein, a former auditor general of New York City, reviewed a major Trump project in the 1980s and concluded he had "cheated" the city out of nearly $2.9 million. Decades later, Burstein said she was still appalled at the way Trump operated.
"It's extraordinary to me that we elevated someone to this position of public importance who has openly admitted that he has used government's incompetence as a wedge to increase his private fortune," she said in a recent interview.
Rep. Jerrold Nadler (D-N.Y.) fought Trump over hundreds of millions of dollars in federal funding that the developer wanted for a luxury apartment complex in Nadler's district.
"He sought to abuse the taxpayer and stretch the law," Nadler said. "He said he ought to get a massive government subsidy. I said, 'Listen, Mr. Trump, if you think this is a good project, you spend the money.' "
Enough is enough! None of us get this tax advantages and I am damn sick and tired of him making money off of my hard earned money. A free loader is a free loader no matter if they are rich and poor. Let's end the financing of this man's wealth and his destructive and bizarre behavior.