Comments by "Kim O\x27Brien" (@kimobrien.) on "Donald Trump in court today for the start of his fraud trial in New York" video.

That's is just the way the tax law works. You pay tax on income. They pay tax on capital gains however unless they sell that property they have no capital gains. So if your estimated stock bond or property value goes up it doesn't count as income.
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@2Bluzin The charges have nothong to do with tax fraud. They are claiming he inflated the value of his property for loans but the loans were all paid back on time and its just a techincal viloation that is normal business practice. This law is usually used when banks can't recover the loans value do to non payment and exaggerated value.
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@jaundice_japlin The thing is did nothing that any other businessmen or billionaire hasn't done. It's a politically motivated witch hunt.
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@Royale_with_Cheeze The tax assessor sets the property value for the property tax and they always set it low so people don't challenge it in court. The politician's compensate for that when the set the tax rate.
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@jasonwilliams8016 And if the bank took them as collateral the limitations would have been lifted and the tax assessor would have a record of the limitations so no fraud occurred. If the property is transferred because of a loan default the tax assessor revalues the property after the sale. A property might be considered of more or less value in how it is currently being used and once again the'd all have records of this.
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@jasonwilliams8016 The past owner can't control how the new owner uses the property. The property gets revalued by the tax assessor since it was sold and now the property can be given a real value based upon the selling price. A vacant lot may be valued at one price if the owner agrees not to build on it and another price after it is sold and someone builds on it.
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@jasonwilliams8016 That's just the way the system works. Fraud only occurs when deliberate misrepresentation takes place. If you buy a car from a private owner at auction and don't look at it or mechanically inspect it and it turns out the transmission is bad you can't hold the seller responsible unless he swore on a stack of bibles that the transmission was A okay. If the bank makes a loan without checking for the properties tax value who's fault is that? This kind of thing goes on all the time and the only time it becomes a problem is when someone doesn't repay and deliberately misrepresented. You had the crisis of 2008 where all kinds of fictitious capital was way overvalued did they put anyone in jail for that? They kept driving up prices by selling things like credit default swaps back and forth to each other until the exchange value collapsed. They say Elon Musk is worth 250 Billion based upon Tesla stock value. How is it worth more than Toyota when Tesla builds few cars and has lower sales? He's no more crooked than the judge, Attorney General and the rest of the Democratic Party Billionaires.
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