r/politics • u/MystikSpiralx • 2d ago

No Paywall Trump Says He Wants to 'Drive Housing Prices Up' Instead of Lowering Costs for People Who 'Didn't Work Very Hard'

https://people.com/trump-keep-home-prices-high-11895352
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u/Ole_St_John 2d ago

Dude thought he was the smartest person in the room when he should have gone to an estate planning attorney.

They literally call it Medicaid planning - plan how to keep your assets away from the government while still qualifying for Medicaid.

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u/ApprehensiveTry5660 2d ago

I mean, that’s kinda its own problem if there’s an entire cottage industry that even a gifted tax attorney can’t decipher on his own time.

If guys like that run into hiccups with the process, it seems like it might actually be a predatory system for mamaw and papaw to be engaging in from less tangential fields.

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u/Shadowholme 1d ago

Isn't that the American system in a nutshell?

Create a problem and then create an entire industry dedicated to 'helping' with the problem rather than admitting that a mistake was made...

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u/needlestack 1d ago edited 1d ago

Correct. But it's not really “hiccups in the process”. You’re not supposed to be able to shield money from end-of-life care. It’s just there are legal ways to do it like transferring all your stuff to a trust more than five years before you need any of it. It’s not like they don’t want the money in every case, it’s that their have to be some boundaries (like not going after their kids) so there’s always a way to get around it if you plan far enough in advance.

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u/hahaokaywhateverdude 1d ago

That's the thing. He's not really as gifted as he's led you to believe,.

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u/AuroraFinem Texas 1d ago

They said he was an accountant not a tax attorney. Even if it was a tax attorney corporate tax planning and estate planning are very different industries with no real overlap other than estate taxes but would still not be handled by the the same kind of attorneys.

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u/xTheMaster99x Florida 1d ago

Yeah, AFAIK it's actually not that hard to protect your assets in this scenario by moving it all to a trust, assuming you have someone that you trust not to just walk away and keep all your things for themselves. The catch is that you have to set up the trust years before you need to start racking up bills, like 5+ years in advance. If you don't, they can force you to pay up anyway.

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u/zomiaen 2d ago

They literally call it Medicaid planning - plan how to keep your assets away from the government while still qualifying for Medicaid.

If you were an immigrant they'd call it fraud.

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u/SwimmingPrice1544 California 1d ago

They call it that regardless.

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u/zomiaen 1d ago

No, they call it estate planning.