US Elections - Boring or Important to Aust?

[Trump]

One thing that people need to be mindful of is that a fair portion of time, bankruptcies are not the result of failure, but a desired outcome for the bankrupted.

[superyob]

Originally Posted by Loud_Noises

One thing that people need to be mindful of is that a fair portion of time, bankruptcies are not the result of failure, but a desired outcome for the bankrupted.

For what purpose LN?

[Trump]

Originally Posted by superyob

For what purpose LN?

A lot of lawyers (more accurately barristers and solicitors) declare bankruptcy on a regular basis. They do so to minimise the tax hit, both at a personal and corporate level. They also do it to wash their hands of any debts they've accrued and can't be bothered servicing. They move their assets and throw their hands in the air and say "I'm bankrupt". They'll have the primary house in their name and that's it. They'll still practice law, but for the duration of the bankruptcy (which can be as short as three years), they "earn" as little as possible. Their real earnings will go to a numbered account and when the bankruptcy period is up, they somehow manage to have a brand spanker S-class Merc sitting in their driveway.

Ask me how I know

[superyob]

That is devious indeed LN...

[Trump]

Originally Posted by superyob

That is devious indeed LN...

Devious, perhaps but it is very much legal, in many jurisdictions, not Australia.

[Peterwl]

Another interesting aspect of the recent political upheaval !

[smoo]

Originally Posted by Peterwl

Another interesting aspect of the recent political upheaval !

Liberals thinking they have the moral high ground by making threats of moving to other safe and secure White majority countries is racist in itself is it not...
Clinton wanted to increase Syrian refugee intake to the USA by over 500%, to 65,000. This would take the projected US refugee intake to over 200,000 this year with nearly all of them Muslim.
Anyone who opposed was labelled the usual names by the tolerant left.
If they are hell bent on importing such a foreign incompatible culture, they should be looking to move to the Middle East or Africa. Then they will find out what real racism, homophobia and mysoginy is.
We have our own traitorous socialists such as the Greens doing their best to undermine our culture and destroy our way of life as it is. We don't want or need anymore.
The do gooders need to put their money where their mouth is.

[CoupeKing]

https://www.youtube.com/watch?v=urRzqgokJr0

3:33 to 5:55

[2011G6E]

I particularly like the complaints that Trump is "just a rich billionaire who doesn't care about the little people"...

While, presumably, Hillary was living in a trailer park on minimum wage.

Every Presidential candidate has been at least "very wealthy" all the way up to "multi-millionaire" level. The more money the better as they can fund big campaigns.

Some of the reasons candidates have been thrown out are ludicrous as well. Hillary has a very dodgy background...potentially much worse than Trump because hers has led to actual deaths and treasonous spreading of top secret info...but neither her nor Trump (who apparently said some nasty stuff about women twenty years ago) were disqualified.

I remember Gary Hart running for president in the late eighties. He was seen as the great hope, someone who could be an amazing president with all the right qualifications and promises. But then someone found out he once had an affair, and bang, he was gone. What the hell did that have to do with being president?? JFK had numerous mistresses, everyone knew it, but he's remembered in the same hushed tones as Lincoln.

They're a funny mob, those Yanks....

[asagaai]

Originally Posted by Loud_Noises

A lot of lawyers (more accurately barristers and solicitors) declare bankruptcy on a regular basis. They do so to minimise the tax hit, both at a personal and corporate level. They also do it to wash their hands of any debts they've accrued and can't be bothered servicing. They move their assets and throw their hands in the air and say "I'm bankrupt". They'll have the primary house in their name and that's it. They'll still practice law, but for the duration of the bankruptcy (which can be as short as three years), they "earn" as little as possible. Their real earnings will go to a numbered account and when the bankruptcy period is up, they somehow manage to have a brand spanker S-class Merc sitting in their driveway.

Ask me how I know

I had dinner with a very very monied lady, who spoke glowingly about a friend who was a nice guy who made lots of money and was sooo successful.

It was that cretin barrister in NSW who went bankrupt on numerous occasions to avoid paying tax by wiping out tax liabilities, and the legislation was altered in NSW so that such a barrister is considered unfit to practice law and is unable to get a practising certificate now.

As she was saying this I was dry retching because he is the sort of person in law I despise. Funny how the very wealthy seem to turn a blind eye to greed in a friend, and some very wealthy place no value in the social equity and justice.

And he is not soo successful dear- he is an abject failure of a human being who did not contribute to society. I did not say this- still stewing, to keep the peace.

[Cosmo Kramer]

Talk about counting your chickens......

"Newsweek and a partner that prints up special commemorative issues has been forced into an embarrassing recall, after it sent out 125,000 copies of its Madam President issue designed to celebrate Hillary Clinton's win"

Hillary was photographed autographing this edition the day before the election....

http://www.telegraph.co.uk/news/2016...m-president-i/

Cheers

[M&Ms]

Originally Posted by tranquilized

Climate change on the other hand, we might as well burn with reckless abandon. Looks like nothing will ever be done about this issue now so we better all hope it is actually a hoax.

'Global Warming' (a term which was dropped in favour of 'Climate Change' after evidence that the world is actually cooling) is the biggest crock of sh!**$t known to mankind.

I pity all the gullible people who believe all those paid 'scientists' on the matter. It's a fact we're due another ice age. The world naturally goes through cycles over centuries, so if we have 4 years where the annual average temperature increased year on year, it's all part of the cycle, nothing abnormal (never mind our media telling us we just had the hottest 6 days since 1965 and its due to global warming...)

Anyone here wonder why that lump of ice up North is called 'Greenland?' Well, centuries ago the Vikings would inhabit it, grow their crops there, and live in this lush green-land. Over decades it froze over. Now, as the ice is starting to melt and Greenland returns to it's greeny pastures, all the hippies use it as an example of Global Warming, melting ice caps, penguins and polar bears suffering, etc, etc.

I really hope Trump pulls through and shows us we don't have to accept the status quo, and in actual fact, we should be questioning a lot more, keep these pr!cks in the media honest.

[danzvtil]

Originally Posted by tranquilized

After an initial period of shock I'm feeling surprisingly calm and positive about a Trump presidency.

I find it ironic that some of his policy positions actually align with the left. For example it looks like the TPP won't get off the ground. So many people have rightly been protesting this nasty piece of work, who would have thought Trump would be the one to actually kill it off. As far as I'm concerned that would be a major positive from all this. Will his trade attack on China force them to slow down, adopt a more sustainable growth trajectory? Force Australia further away from our reliance on mining materials for China?

Climate change on the other hand, we might as well burn with reckless abandon. Looks like nothing will ever be done about this issue now so we better all hope it is actually a hoax.

But then, how able will he be in passing his policies, many of which are directly at odds with his own parties position.

Lots to think about!

That's exactly where I am today too, relatively calm about it. I,like the media was wailing and nashing teeth, but stand back, see if he changes the way the us is run. Lots of celebrities and political opponents with egg on their faces for openly slagging him off, now realising they may have to get on with him for the greater cause of advancing their country.
It also completely busts open the 100% black or white, you said this 20 years ago, so you can NEVER be fit for office.People say stuff, sometimes it's stupid, but opinions can change.

[Trump]

Originally Posted by asagaai

I had dinner with a very very monied lady, who spoke glowingly about a friend who was a nice guy who made lots of money and was sooo successful.

It was that cretin barrister in NSW who went bankrupt on numerous occasions to avoid paying tax by wiping out tax liabilities, and the legislation was altered in NSW so that such a barrister is considered unfit to practice law and is unable to get a practising certificate now.

As she was saying this I was dry retching because he is the sort of person in law I despise. Funny how the very wealthy seem to turn a blind eye to greed in a friend, and some very wealthy place no value in the social equity and justice.

And he is not soo successful dear- he is an abject failure of a human being who did not contribute to society. I did not say this- still stewing, to keep the peace.

It's funny how some people equate overall success solely with financial success.

And here's an article mentioning what asagaai discussed:

http://www.theaustralian.com.au/busi...d2c-1478856503

it might be behind a paywall though.

[Franco Cozzo]

Originally Posted by Loud_Noises

It's funny how some people equate overall success solely with financial success.

And here's an article mentioning what asagaai discussed:

http://www.theaustralian.com.au/busi...d2c-1478856503

it might be behind a paywall though.

If anyone hits paywall, here we go:

Bankruptcy isn't the end for barristers

BARRY John Jenner, a South Australian barrister, had something to worry about. In July he realised that he had no choice but to petition for bankruptcy because of a large tax assessment he could not pay.

The problem he faced was that becoming bankrupt to avoid paying his tax is considered grounds for suspension from practice or, in more severe cases, being struck off. Either result would deny him the means to earn a living.

The situation today is very different to how things used to be in 2001. At that time there was an investigation by the media concerning a number of prominent NSW barristers living rich lifestyles while not paying their taxes.

Some of them had used the bankruptcy provisions to dissolve large tax assessments, while there were a number of judges, solicitors and barristers who had not filed tax returns for a number of years.

The attitude of the NSW Bar at the time is summed up by the statement of the then president of the Bar, Ruth McColl, now Justice McColl of the NSW Court of Appeal. She said: "Bankruptcy alone is not a crime. It is not sufficient cause to prevent a barrister from continuing to practise. (Few bankruptcy cases) have an effect on a barrister's skill and standing as an advocate."

Her words seemed to be incorrect. Lawyers who worry about their financial situation will have difficulty doing their legal work. This kind of behaviour was bringing the legal profession into disrepute - and this could result in a lawyer being found not a fit and proper person to be in practice.

There was a public outcry against the behaviour and attitude of legal practitioners. This resulted in a change in the rules, making tax violations and bankruptcy grounds for discipline. For example, under section 502 of the NSW Legal Profession Act, insolvency and tax offences are now included with serious offences as grounds for disciplinary action.

There is also a requirement that legal practitioners must immediately notify the profession if they file for bankruptcy. There are also questions in the application for renewal of the practising certificate asking whether they have filed for bankruptcy.

Starting in 2001, a number of barristers have been struck off for failure to file a tax return or for concealing income. The most notorious example was the John Cummins case, where a barrister was struck off for failure to lodge a tax return during 38 years while practising at the Bar. Some also had their practising certificates suspended because of income tax violations. In 2003, within a year of their suspension for taxation violations, some of these barristers had their practising certificates reinstated. It appeared that the profession was being very lenient.

There have been some exceptions to the new rules when the legal practitioner has not intentionally sought to mislead the tax authorities. In the Barry Murphy case, the barrister had become bankrupt in 2000 largely due to the $315,000 he owed the Australian Taxation Office. He had failed to lodge a tax return from 1993 until 2000, but the Court of Appeal still reinstated his practising certificate.

The court found that Murphy was "wrong to have taken advice to delay filing his taxation returns and should have addressed his situation earlier and filed for bankruptcy when his position was obviously hopeless; he should also have made more taxation payments".

Murphy admitted he was wrong and, unlike other barristers, had not concealed or understated his income or tried to avoid his tax obligations. The court looked at all the surrounding circumstances and held that he was a fit and proper person without sufficient deficiency in character or competence to remove his practising certificate.

The recent Jenner case in South Australia is in line with the Court of Appeal's decision in Murphy.

Jenner had followed his accountant's tax advice and invested in tax schemes in 1996, 1997 and 1998 to reduce his income.

In 2002 the Australian Taxation Office issued retrospective rulings declaring the investments Jenner had made to be taxable. Jenner also separated from his wife in 1997 and has an obligation to pay child support of about $48,500. He entered into arrangements with the tax office to pay off his outstanding liabilities and had repaid $166,000. He still owes $848,000 and has not been able to adhere to arrangements he made to discharge this liability.

The court pointed out there is "no suggestion of dishonesty in any of his financial dealings". But the court did find that he "lives at a level beyond his means".

The fact that there was no suggestion Jenner had acted dishonestly and there was no suggestion of any wrongdoing prompted the Supreme Court to allow his petition to become bankrupt and to continue to have his practising certificate. The court felt the interests of the public still had to be protected and required certain undertakings from Jenner. He was required to submit to regular supervision by Paul Slattery QC, who agreed to provide a written report to the Law Society every six months about Jenner's practice.

Jenner agreed to employ an accountant to manage his financial affairs and "assist him in ensuring compliance with his financial and taxation obligations". The accountant reports quarterly to the Law Society.

He needs to comply with the trustee in bankruptcy and agreed to limit his business activities to that of a practising barrister. Finally, Jenner agreed not to act as a barrister except pursuant to being briefed by a solicitor. This protected the public interest because one of his peers "will exercise a judgment as to whether he has the skills necessary to discharge what is required by the brief".

The Jenner and Murphy cases highlight that at least for barristers, bankruptcy and tax offences may still be overcome and the barrister can continue to practise.

Solicitors who deal with trust accounts may face a harder task in retaining their practising certificates.

Ysaiah Ross is the author of Ethics in Law.

[Beastie]

I'm moving to America...

[jpblue1000]

Seems the only people happy about the election results outside the few who voted for a trump presidency are al-Qaida, daesh and several other 'Terror' organisations. Seems if he acts on his rhetoric in kind a call to arms against America may be further strengthened.
JP

[FPV8U]

Originally Posted by jpblue1000

Seems the only people happy about the election results outside the few who voted for a trump presidency are al-Qaida, daesh and several other 'Terror' organisations. Seems if he acts on his rhetoric in kind a call to arms against America may be further strengthened.
JP

Because that was all settling down so quickly under the current governments watch.

Atleast for now tensions with Russia are settling which was starting to be of legitimate concern.

[Syndrome]

http://www.zerohedge.com/news/2016-1...ave-no-place-h

[lgpking22]

trumps out in 8 years at worst either way so really its all meaningless it could be some tree loving hugger back in then or an even bigger racist either way one side will win one will lose and we get to argue till we die.

[Giant Cranium]

Originally Posted by Beastie

I'm moving to America...

You can take my spot.

[CoupeKing]

Originally Posted by Beastie

I'm moving to America...

Apparently there will be plenty of room....

https://www.youtube.com/watch?v=k0DNibtOzjE

[fordomatic]

I love how the whole left world is jumping to conclusions. The guy hasn't even taken post yet and you all think the whole world is going down in flames.

There is a reason why all of America looks like it is backlashing on Trump, it's because it's all the new age, rich, hippy, hipster, facebook loving etc etc society are the ones who have a media presence. The rest of america is fed up with these people and their vote proves this.

[Trump]

Originally Posted by fordomatic

I love how the whole left world is jumping to conclusions. The guy hasn't even taken post yet and you all think the whole world is going down in flames.

There is a reason why all of America looks like it is backlashing on Trump, it's because it's all the new age, rich, hippy, hipster, facebook loving etc etc society are the ones who have a media presence. The rest of america is fed up with these people and their vote proves this.

And it is these hippy dregs that benefit most from the status quo...

[jpblue1000]

Originally Posted by fordomatic

I love how the whole left world is jumping to conclusions. The guy hasn't even taken post yet and you all think the whole world is going down in flames.

There is a reason why all of America looks like it is backlashing on Trump, it's because it's all the new age, rich, hippy, hipster, facebook loving etc etc society are the ones who have a media presence. The rest of america is fed up with these people and their vote proves this.

Im not sure the vote proves much other than an interesting non representative electoral system. Looks like the democrats received more individual person votes but the 'college vote' went to the republicans...whatever that means or however that works.
So it seems the rest of The united states are actually rich hippy types!

JP

[baboon]

Originally Posted by CoupeKing

Apparently there will be plenty of room....

https://www.youtube.com/watch?v=k0DNibtOzjE

I love the bit about Barbra Streisand:

" Now, can you go to Australia? Would they take you in? You know, I dont know, I dont know, Australia's pretty cool, so they might not..... "

[anto]

Originally Posted by jpblue1000

Im not sure the vote proves much other than an interesting non representative electoral system. Looks like the democrats received more individual person votes but the 'college vote' went to the republicans...whatever that means or however that works.
So it seems the rest of The united states are actually rich hippy types!

JP

it's not college educated voters if that's what you think, it's the system of how votes are counted and its always been that way. Is it flawed now because you don't like the winner? The system is designed to allow the "smaller" states and population centres to have a say in the outcome otherwise if it were based on the popular vote, the likes of new yorks, California's etc would decide the election every time because of their large populations.

[mcflux]

Originally Posted by M&Ms

'Global Warming' (a term which was dropped in favour of 'Climate Change' after evidence that the world is actually cooling) is the biggest crock of sh!**$t known to mankind.

I pity all the gullible people who believe all those paid 'scientists' on the matter. It's a fact we're due another ice age. The world naturally goes through cycles over centuries, so if we have 4 years where the annual average temperature increased year on year, it's all part of the cycle, nothing abnormal (never mind our media telling us we just had the hottest 6 days since 1965 and its due to global warming...)

Anyone here wonder why that lump of ice up North is called 'Greenland?' Well, centuries ago the Vikings would inhabit it, grow their crops there, and live in this lush green-land. Over decades it froze over. Now, as the ice is starting to melt and Greenland returns to it's greeny pastures, all the hippies use it as an example of Global Warming, melting ice caps, penguins and polar bears suffering, etc, etc.

I really hope Trump pulls through and shows us we don't have to accept the status quo, and in actual fact, we should be questioning a lot more, keep these pr!cks in the media honest.

If you have the time, you should watch this documentary: https://chasingice.com/

A photographer sets up time-lapse photography posts at prominent glaciers in Alaska, Canada, Rockies, Greenland, Iceland, Alps, & the Andes, & displays the results.

Here's a (poorly edited) 9 minute cut from the documentary looking at a few of the glaciers in retreat. You say that Greenland is becoming Green again. It's not; it's bleeding out.



Here's some stuff from NASA, you know, the guys who faked the moon landing:

http://climate.nasa.gov/vital-signs/carbon-dioxide/

Originally Posted by smoo

Liberals thinking they have the moral high ground by making threats of moving to other safe and secure White majority countries is racist in itself is it not...
Clinton wanted to increase Syrian refugee intake to the USA by over 500%, to 65,000. This would take the projected US refugee intake to over 200,000 this year with nearly all of them Muslim.
Anyone who opposed was labelled the usual names by the tolerant left.
If they are hell bent on importing such a foreign incompatible culture, they should be looking to move to the Middle East or Africa. Then they will find out what real racism, homophobia and mysoginy is.
We have our own traitorous socialists such as the Greens doing their best to undermine our culture and destroy our way of life as it is. We don't want or need anymore.
The do gooders need to put their money where their mouth is.

Way to paint all muslims as evil. If you go back several decades we brought in refugees from other countries where we were waging war, and then several decades prior to that we were taking in immigrants from countries that we were also at war with only a few years prior.

Vietnamese. Italians. Germans.

And now when civilians, including professionals, are trying to escape their collapsed countries and/or start a new life, either as refugees or immigrants, it's different?

I'll put my money where my mouth is. I'm heading to the middle east next year for a holiday. Not an explody part, because who in their right mind would head in to a war zone? Oh, that's right, those are the places you try to ESCAPE FROM. Like, I dunno, refugees seeking asylum?

The next time you pass someone on the street who isn't an anglo aussie, why don't you do the aussie thing & say g'day, instead of automatically assuming that they're out to blow you up and bash your wife/sex your daughter, whilst taking your job *and* welfare benefits?

[Work Horse]

Originally Posted by Ghia5L

If you have the time, you should watch this documentary: https://chasingice.com/

A photographer sets up time-lapse photography posts at prominent glaciers in Alaska, Canada, Rockies, Greenland, Iceland, Alps, & the Andes, & displays the results.

Here's a (poorly edited) 9 minute cut from the documentary looking at a few of the glaciers in retreat. You say that Greenland is becoming Green again. It's not; it's bleeding out.



Here's some stuff from NASA, you know, the guys who faked the moon landing:

http://climate.nasa.gov/vital-signs/carbon-dioxide/



Way to paint all muslims as evil. If you go back several decades we brought in refugees from other countries where we were waging war, and then several decades prior to that we were taking in immigrants from countries that we were also at war with only a few years prior.

Vietnamese. Italians. Germans.

And now when civilians, including professionals, are trying to escape their collapsed countries and/or start a new life, either as refugees or immigrants, it's different?

I'll put my money where my mouth is. I'm heading to the middle east next year for a holiday. Not an explody part, because who in their right mind would head in to a war zone? Oh, that's right, those are the places you try to ESCAPE FROM. Like, I dunno, refugees seeking asylum?

The next time you pass someone on the street who isn't an anglo aussie, why don't you do the aussie thing & say g'day, instead of automatically assuming that they're out to blow you up and bash your wife/sex your daughter, whilst taking your job *and* welfare benefits?

Ahrr get out here with all your facts and book learnin!

[cheap]

Originally Posted by jpblue1000

Im not sure the vote proves much other than an interesting non representative electoral system. Looks like the democrats received more individual person votes but the 'college vote' went to the republicans...whatever that means or however that works.
So it seems the rest of The united states are actually rich hippy types!

JP

It is simple, first past the post per state gets all of that states EV's.

EV's are based on the total population of each state. Thus California with a gazillion people counts for 55 EV's, where as a less populous state like Alaska gets 3 EV's.

Clinton winning California contributed almost single handed to her popular vote numbers, she also got 55 Californian EV's, but the county map of the USA (blue V read) shows exactly why she lost. Blue Square mile V's Red Square mile is where the democrats got pounded. This is exactly the mapping here in Australia, where much of the Australia volume votes coalition. All Trump needed to do is retain the 2012 republican sates and turn around a few states to win. He turned around 5 previous democrats states into republican states.

BTW: So many people have had a gut full of Clinton/Obama. 42-46 Million people living day to day off food stamps for the last 8 years may be an indicator of how utterly hopeless Obamas/Clinton policies were.