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Anders Åslund Profile picture
@anders_aslund
Sep 27, 2020 • 4 tweets • 1 min read • Read on X
Finally, Trump's tax returns have surfaced! Thank you, @nytimes!
How outrageous: "Mr. Trump paid no federal income taxes in 11 of 18 years that The Times examined. In 2017, after he became president, his tax bill was only $750."
What a tax cheat!
nytimes.com/2020/09/27/us/…
"The financial pressure on him is increasing as hundreds of millions of dollars in loans he personally guaranteed are soon coming due."
I wonder whom he might have turned to?
"Even while declaring losses, he has managed to enjoy a lavish lifestyle by taking tax deductions on what most people would consider personal expenses, including residences, aircraft and $70,000 in hairstyling for television."
"As president, he has received more money from foreign sources and U.S. interest groups than previously known. The records do not reveal any previously unreported connections to Russia."

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More from @anders_aslund

Anders Åslund Profile picture
Jun 6
A few thoughts on Russia's war against Ukraine:
1. Trump does whatever he can to support Putin. His problem is that most republicans support Ukraine, so he gives them an opportunity to cheat themselves to claim that Trump supports Ukraine. /1
2. Consequently, Trump always finds a reason not to increase sanctions on Russia. Yet, the republican opinion compels him not to ease the existing sanctions.
Conclusion: Shame the hypocrite Trump so that he does not dare to turn fully against Ukraine! /2
3. Both Europe & Ukraine need to shame Trump into playing an ally against russia (which he is not, while the US is).
But don't count on the GOP cowards in Congress to stand up against Trump!
Arm Ukraine & yourselves as fast as possible! /3
Read 7 tweets
Anders Åslund Profile picture
Jun 6
My understanding of the Trump-Musk conflict:
1. Musk considers that he bought Trump's presidency & that Trump should behave as his obedient servant.
2. Trump acknowledges that Musk bought him & allowed dozens of regulatory concerns to lapse & $20 billion of gov contracts. /1
3. Neither could care less about any social safety net for the poor.
4. Both wanted to minimize taxes for billionaires at the expense of the poor.
5. Musk wants to punish the poor even more than Trump to reduce the budget deficit. /2
6. Trump, with his experience of bankruptcies, could not care less about US financial sustainability, while Musk apparently does.
7. Trump opposes all immigration, while Musk wants to give smart Indians H1B visas.
8. Musk is deeply wedded to China, while Trump is hostile. /3
Read 5 tweets
Anders Åslund Profile picture
May 27
It is frustrating to read most American comments on Trump.
They tend to think that Trump is a serious president favoring the US. Instead, they should take the lunacy he utters seriously.
At best, Trump pursues his own PR, but more likely it is just lunacy. /1
Trump has made plain that most of all he is interested in enriching himself & his family.
South African President Cyril Ramaphosa caught the essence: “I'm sorry we don't have a plane to give you.” Incredibly, Trump responded: “I wish you did. I'd take it.” /2
Trump has also made clear that he could not care less about democracy, the rule of law, truth, science, healthcare, US reputation in the world, etc.
He has abandoned all traditional universal, American & Western values. /3
Read 4 tweets
Anders Åslund Profile picture
May 10
Trump insists on being the dumbest & most uninformed US president ever, causing the US tremendous damage, while enriching himself through dubious deals. What Trump has got wrong:
1. He claims that everybody has "ripped the US off," but the US GDP is 25% of global GDP as in 1980.
2. The US has thrived on the "exorbitant privilege" of foreigners investing $31 trillion (June 2024) in US bonds & stocks. The US is the greatest debtor in the world with a public debt of $36 trillion, $29 trillion in US treasuries.
If Trump was honest, he would thank.
3. Few countries can have a steady budget deficit of about 6.5% of GDP each year - $2 trillion a year - & find cheap financing.
4. The US stock market amounted to 70% of all global stock market capitalization thanks to US hi-tech & Biden's reliability.
Read 8 tweets
Anders Åslund Profile picture
May 5
Musk's so-called Department of Government Efficiency has caused tremendous damage to the US government & virtually nothing good:
1. By and large, it has operated against the law leading to hundreds of suits & no sustainable positive effects. /1
2. What one would have hoped that software engineers would have done is badly-needed digitization & simplification of government services, but apparently they have done none. /2
3. DOGE seems to have acted with a Putin agenda: End US soft power & international good deeds, closing USAID with food aid & epidemiological foresight.
4. DOGE has closed down US government media outreach - Radio Free Europe, Radio Liberty & Voice of America for Putin. /3
Read 8 tweets
Anders Åslund Profile picture
May 4
Everything is wrong with Trump's economic policies. Today, the US has the most incompetent economic policymaking of any developed economy & most emerging economies.
1. The prime US economic problem is an excessive public debt of 120% of GDP & budget deficits of 6.5% of GDP... /1
...The obvious cure is to force the wealthy Americans & their companies to pay taxes - many of them pay nothing. The US public expenditures are tiny by international comparison. /2
2. The US has a current account deficit because it consumes too much, far more than it saves.
Trump refuses to acknowledge this obvious fact instead blaming all foreigners for "ripping off" the US.
This is a blatant lie depriving the US of all good will. /3
Read 7 tweets

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