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Hard place on this. on the one front, if it collapses, this could spell so many troubles for china. for example, what evergrande does, they build about 600,000 homes per year. many are built by ordinary chinese people putting their life savings into buying condos of the plan, eitherfor the first property is that this sort of retail and parental investment. if that collapses, they can lose their down payments. the other aspect is all of the construction companies and designers that rely on evergrande, and the smaller lenders that have learned all this money to evergrande. if it collapses it could spell havoc for beijing s economy, for china s economy, and indeed, all these different stakeholders that are affected. so on the one hand i have spoken to the economist s intelligence unit in china. they say they think there is no chance this is going to happen, they would put their money on it and say beijing will intervene. on the other hand, ....
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By that i mean it triggers they have two characteristics. one, they are all cash purchase, two, they are shell purchases, they re anonymous purchases. the records don t show who the true owners are. is this a with itting or unwhiting thing for donald trump in terms of having people come through trump tower? i call him an asset because we don t definitively know the answer to that question. i can t get inside donald trump s mind, but he s meeting with this guy. we know there are about 1,300 other operations in which he s profiting heavily from that. if he can go through that and doesn t figure that out. he s either inexplicably stupid or there is a legal concept of willful blindness and perhaps that s what s going on. when you called donald trump a russian asset, that s a serious charge to suggest that the russians buying condos were doing it not only to launder but ....
Invest. let s go back to what donald trump jr. actually said in the event that everyone quotes. he said most of our assets are russian. and what he meant was most of the buyers that of the condos are russian. that s true of every high-end real estate developer in the world. these are people buying condos okay, here s where i m going to depart from you though. i interviewed steve schwartzman of blackman several years ago in davos. this is a time when people were doing business with russia. steve schwartzman, close adviser to the president, said we don t do business with or in russia because we don t trust the rule of law. after the russia crash in 1999, most banks left russia and didn t go back because you cannot do business there, you can t trust them. right. president trump did. so he could be on the hook. he could be president trump was in business with career criminals of russian descent in the united states, so there s no question there s an issue here. ....
Two things will help. boosting the child tax credit and doubling that standard deduction. losing the personal exemption could take away some the savings. senator of oregon gone says nothing in this trump tax scam for the middle class. big fat giveaways. this is good for trump and his friends. when you look at i talked to a real estate veper. he said it s great for people building condo developments or buying condos. it s good for them. it is lower and simpler taxes for everyone else. the point of the president s sort of middle class miracle is that when you have the three tax brackets that s going to make it simpler and easier for people. 25% income tax bracket for the middle of the spectrum. we don t know how much those ....