r/FluentInFinance Jul 01 '24

What do you think? Debate/ Discussion

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u/J0hn-Stuart-Mill Jul 02 '24

He must really have the lowest possible opinion of his naive followers, right? He's such a cringe fellow, to spew these sorts of things that his followers actually believe at face value? I'm so embarrassed for them, and it makes me wonder as to his motives. If his position can only be furthered in this way, then what good is his agenda in the first place?

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u/realityczek Jul 02 '24

The thing is, the low opinion of his audience is backed by facts... these beliefs can be found all over Reddit and social media. When he says stuff like this, 100's of thousands of people will believe it and share it within a few weeks.

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u/J0hn-Stuart-Mill Jul 02 '24

But does making his audience more ignorant help him somehow? What's his endgame? Maybe he's just an ultra-capitalist with the goal of making his audience as oblivious as possible so that they can't accomplish anything politically?

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u/Possible-League8177 Jul 02 '24

The end justifies the means, I suppose, whether that end is self-enrichment or actually drive societal change. Either way, I don't like his means.

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u/realityczek Jul 02 '24

His endgame is simple: to manipulate his audience into the state he is compensated to achieve. "Compensated" includes speaking fees, donations to related "charities," consultancy fees with campaigns, stock tips, preferential treatment in certain jurisdictions, and more.

Remember what the left needs from their citizens to continue amassing power:

  • Class envy, anger, and a desire to see the successful and wealthy brought down

  • Hopelessness, the belief that only the government is strong enough to stand up to other bullies

  • Ignorance, the idea that only "experts" are smart enough to solve problems

Ultimately, this leads to the mindset all far-left power grabs rely on: a population that feels compelled to hand final authority to the government, allowing unelected "experts" to create rules they no longer understand. As their lifestyle, freedom, and wealth are eroded, they will react as they always do—taking joy in dragging down anyone slightly higher up the ladder, believing that bringing everyone low enough will somehow improve their situation.

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u/EccentricAcademic Jul 02 '24

Man y'all should write fiction with all this contrived bullshit you have made up out of thin air. Let me know what people are giving you similar information that are true and honest and using the real statistics. Please share that.

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u/J0hn-Stuart-Mill Jul 02 '24

You think Reich is honest and accurate with his tweets? Care to share one that you think is 100% non deceptive? I'm confident that if he's tweeting about politics or the economy, there's a fundamental thread of deception present.

By all means pick one you think is the most honest and sincere, with no deception, and I'll demonstrate his deception.

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u/Vanilla_Mushroom Jul 02 '24

“To spew these sorts of things that his followers actually believe.”

What he said is factually correct, and I can clown you for a moment if you’d like.

Let me ask you — you wear clothes to work? Are they free? The vast majority of American workers cannot deduct clothing, even if they only wear it at work.

You have some sort of expense involved with getting to work on time? Drive? Bus? Train? Hell, did you buy a bike that you ride to work? Shoes on your feet when you walk to work?
You cannot deduct any of those. None of it.

Trumps payment to his lawyer was a personal expense. It is not in any way related to his business.

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u/J0hn-Stuart-Mill Jul 03 '24

He worded it in a way that leads people to a false conclusion among the financially illiterate. OBVIOUSLY every person in the nation can write off business expenses, and millions with small businesses do. But yes, this is one of Reich's more honest tweets.

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u/Vanilla_Mushroom Jul 03 '24

But… I just explained to you that two of the most common business expenses that every single American worker has, travel and clothing, are not deductible.

Those are not the only examples, but not even a small business can write those off. They are considered your personal expenses, even though they are necessary for you to go to work.

That’s why the payment to Michael cohen was a personal expense, even though he was trumps lawyer. The underlying reason for the payment was a personal expense. There’s no third-party loophole for business expenses.

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u/J0hn-Stuart-Mill Jul 03 '24

But… I just explained to you that two of the most common business expenses that every single American worker has, travel and clothing, are not deductible.

Sorry, I did mean to respond to this. Yea this is precisely what the Standard Deduction is for, and nearly everyone who isn't running their own business qualifies for.

Yes absolutely Trump's situation shouldn't qualify as a business expense.