Friday, February 16, 2024

350 million dollars, legal maneuvering and upending the rules; but who will it help?

I'm intrigued that our culture is surprised that corporations manipulate rules, laws and regulations for their own gain.  This case, might just create a precedent that is worthy of note for all corporations.   It means,  maybe,  the rules in 'big business' will have to change.   Real estate and tax rules, create all kinds of breaks for corporate America – and these useful rules in this kind of a case are routine examples (not surprising) – including for non-profit corporate America.  Real estate markets for property values is also a shocker? Even in non-corporate America, the valuation of homes is a norm built into the system.  Look at the valuation and loan system between realtors, appraisers and banks, who as a team of in common interests, literally set and create the standards (by law) that cause home values to increase – and  we the people keep buying.  How about non-profit health insurance companies and non-profit universities; how many people have been hurt unfairly by the legal and inflated processes within these highly regulated businesses?  Hopefully, this precedent, if it stands, will bring the house of cards tumbling down, so that real people get help; I am not talking about Trump - I'm talking about an emerging precedent in this corporate case that has far reaching implications – potentially, for everyone.  

       Photo Credit: Unsplash and Bermix Studio

The larger than Trump Inc and the larger than New York Govt schism here is so much more radical (and expensive) than this huge company and these audacious courtroom players (on both of sides of this case) might intend (maybe,  maybe not).  “Legalized number manipulating" is almost everywhere – hidden in the millions of words and thousands of pages of a tax code that even computer algorithms can't master.   The base of legal maneuvering for better numbers - on which corporations thrive, can be found in a complicated 70,000 page tax code that makes it (legally and feasibly) possible.  Legal or not, political or not, left or right or not, right or wrong or not, “awake” or not, the money involved – must be staggering.  It remains to be seen if a precedent is about to unfold that may very well serve to reshape America.  Hopefully,  for the good of the average US citizen. ~Kurt LaRose

https://www.nbcnews.com/news/amp/rcna135283