Trump’s 2005 Tax Forms: ‘Like Going to Dinner And Being Served Pictures of Food’

NEP’s Bill Black appears on The Real News Network along with economist James Henry hypothesizing that here are fraudulent and criminal activities lurking within Trump’s unreleased Tax forms. The video is below. You can view with transcript here.

2 Responses to Trump’s 2005 Tax Forms: ‘Like Going to Dinner And Being Served Pictures of Food’

  1. BILL BLACK: This goes to a broader philosophical view of the nation. And Trump is the opposite of “Ask not what the country can do for you. Ask what you can do for the country”. During the campaign, he said the fact that he paid zero taxes in a number of years proved that he was smart. In his press release, in response to the disclosure of the tax return that we’re talking about, he said that it his duty to pay the absolute smallest tax possible.
    Put into context this is part of the deep double-standard of plutocrats. Yes, plutocrats expect to be the exception; to be bailed out and excused from ordinary criminal responsibility (corporate crime is only “a symptom of the institution’s culture than a result of the willful actions of any single individual” don’cha know) while minimal aid to the disadvantaged is “moral hazard”, and hurling the impoverished deeper into economic peril is labeled “compassion”. Freedom is slavery in Plutopia, at least for the serfs.

    “Small government” is plutocratic jargon for big, robust, supportive government for my agenda and zippo for yours. Zero protection of your interests and extreme and heavy-handed enforcement of mine. Absolute privacy for me and blanket surveillance for you. It is not so much the size of goverment that shifts under plutocracy, but who controls it and whose interests it serves.

  2. Even if Trump is a conman it’s probably understandable for most people that if you got your hands on some money/wealth you want to keep it. Few people are genuine altruists. The question is if the tactics you use to pay less tax is legal or not?
    But from a MMT perspective taxes aren’t for revenue and financing public services?
    Of course, there can be several reasons to tax wealth and not least unearned speculative and wealth in the FIRE sector. E.g. to balance power in society.
    To have public service there must be carved out room for it in the economy, tax to quell private consumption with taxes. This must be on the general population, have no or minor effect taxing the rich. Most of the FIRE sector is disrupting and harmful to sound economic function of society so it should be kept in check some way. And most of Beardsley Rumls ideas of the purpose of taxes.
    I hear repeatedly how the household analogy on a nation’s economy is totally wrong and flawed. Then when it comes to Trump and alike it it’s all about how the nation’s economy is like a household economy.
    Shouldn’t the heterodox economists make up their mind on the household analogy? One can’t chose what’s suits at the moment and be trustworthy.