LandM wrote: ↑Wed Jul 24, 2019 10:44 am
MD,
If you have not guessed by now I do not take people’s advice, can think for myself. Not intimidated by anything either. No, not Billy Bad, just the facts.
The integrity of a person should be on display by not coughing the $2,000. NY is the one of the worst places to set up a business. She knew the rules and by not paying she showed her integrity. That means allot more then the $ amount.
Not sure why you thought the first para was necessary to say to me.
Surely you don't think I'm trying to "intimidate" you?
This is a discussion board. So, we do try to share with one another our perspective and logic on various topics, sometimes bringing to those discussions 'facts' that may or may not be relevant. We examine such 'facts', logic, and perspective for, hopefully, mutual benefit.
I quite agree that paying off that $2k would be appropriate, even if not owed individually. But I'm not so sure this a good example of an actual character flaw, a display of or lack of 'integrity'. I don't know, for instance, whether she saw this as a business tax on a business that failed and never made money, and once the business dissolved effectively no longer owed. Could well have been something she put behind her and moved on from, like most folks try to do who fail in a business. Or it may have been actually her way of saying that there are unfair taxes on the little guy, not enough on the fat cats. I don't know, but either of these explanations would satisfy me coming from a then 20 something at the beginning of their adult life experience curve (you and I have been on that curve much, much longer!).
I'm sure you can indeed make up your own mind, but you do realize that the reason the right wing dark media machine have thought this matter actually newsworthy is that its supposed to blunt Trump's enormous amounts of money 'lost' in various bankruptcies, the enormous amount of money he refused to pay back from those 'he' (his businesses) had borrowed from lenders, the enormous amounts of taxes he and his family had fraudulently not paid, etc, etc?
The meme being that we shouldn't critique Donald the businessman's not paying lenders and not paying the tax man, if AOC doesn't pay $2k in business taxes on her failed business.
Are these
really equivalent?
As I've been an entrepreneur myself or investor in entrepreneurial ventures for most of my career, I've had at least my share of outright 'failures'. In one case I refused to take bankruptcy for the business when all, including my family, bankers, lawyers, etc advised me to do so. I fought for an additional 12 months to extract value from that business so that every vendor was fully repaid. Brutal process, but I pulled it off, though it put me personally deeply under water. Business was otherwise dissolved and simply died. I don't know for sure that every last government fee was actually paid as it was such an exhausting time. Hope so, but I certainly needed to eventually move on. I retained the records for 20 years and finally got rid of them.
In another deal in which I was consultant/investor/board member, and other investors may have invested in part because of my association, I needed to distance myself from the fast growing business when the primary owner and CEO went rogue, dishonestly, not paying payroll taxes through fraudulent filings etc. Big money sloshing around. Whistle blown by a low level accounting person who had been ordered to write a check which was known to be expected to bounce. I left the Board, informed other investors, bankers, etc as to the reasons for my departure. We all assumed total write-off. Three years later I was surprised to be approached by that same CEO. He had gotten in bed with an even worse crook CEO and was begging for my assistance. I demanded in writing a deal in which the CEO would not get a penny until the IRS was entirely repaid (they started with a bill of $9mm), all investors had been entirely repaid, and all funds were handled in escrow untouchable by him. He agreed. Took me over a year but I went toe to toe with the fancy legal counsel for the other CEO, explaining to them how their client was crook (as was my CEO), explained the deal, and got the IRS paid back and the investors paid back. I didn't take any fees for this work.
Fortunately I've also had some financial successes along the way!
Trump's truly a
dishonest businessman, dishonest husband, dishonest golfer too apparently.
Big difference from AOC.
) claim that funds are distributed to US Congressional districts based on Census data, and out of the other side of the mouth utters, "flyover/RED states get MORE funds than......."
