Is it a crime to sell something to a fool who is willing to pay far more than the real value? Sure it may be unethical, but isn't value based on what someone is willing to pay for it?
When the purchaser sells the property later for a loss, I presume they will write that off on their taxes. So who (over)paid for this property? You did.
"writing it off on their taxes" doesn't negate the damage of a failed investment/gamble. Sure it will lead to them paying less taxes, as it did for Trump all the years where he paid little taxes, but I don't see it as anything more than a failure on the purchaser's part.
An overpayment of 25% is a failure. When you overpay by multiples of the value it is a bribe, a payoff, or money laundering. Local politicians do this all the time.
No, but surely anyone with that kind of money would be wise enough not to pay 14x the market value for a property. But it sure is a good way to shift money around.
I don't have the juice to get a million dollar loan. But if I could show I and only I could buy Mar a Lago for $100,000,000. I could get a loan. What that judge did is the crime.
Is it a crime to sell something to a fool who is willing to pay far more than the real value? Sure it may be unethical, but isn't value based on what someone is willing to pay for it?
When the purchaser sells the property later for a loss, I presume they will write that off on their taxes. So who (over)paid for this property? You did.
"writing it off on their taxes" doesn't negate the damage of a failed investment/gamble. Sure it will lead to them paying less taxes, as it did for Trump all the years where he paid little taxes, but I don't see it as anything more than a failure on the purchaser's part.
An overpayment of 25% is a failure. When you overpay by multiples of the value it is a bribe, a payoff, or money laundering. Local politicians do this all the time.
This is a good question ^^^ Wouldn't even be an issue if they didn't do it to Trump first. If you make the rules, you gotta die by them too kek
No, but surely anyone with that kind of money would be wise enough not to pay 14x the market value for a property. But it sure is a good way to shift money around.
The fool is the American public and the seller is the bi party Democratic and Republicans
I don't have the juice to get a million dollar loan. But if I could show I and only I could buy Mar a Lago for $100,000,000. I could get a loan. What that judge did is the crime.