'Still has it': Internet hails Jon Stewart's takedown of Trump's two-word defense strategy in fraud case

NEW YORK CITY, NEW YORK: 'The Daily Show' host Jon Stewart has expressed skepticism regarding Donald Trump and his supporters' assertion that the financial fraud he engaged in for years in New York was a "victimless crime".

Stewart detailed on March 25 how Trump would exaggerate the worth of his assets, such as inflating the size of his apartment, in order to obtain loans, and subsequently undervalue these same assets to evade taxes.

Jon Stewart critiques Trump's 'sophisticated real estate practice'

According to Stewart, this practice was all part of what he described as a "very sophisticated real estate practice known as lying".

The consequences of such actions are far from "victimless," according to Stewart.

"First, the banks got paid back at lower interest rates ― although, to be honest, who gives a shit?" he remarked. "But second, money isn’t infinite. A loan that goes to the liar doesn’t go to someone giving a more honest evaluation".

Stewart argued that this creates incentives for corruption. Furthermore, he highlighted that Trump's dishonesty on his taxes resulted in financial losses for New York City.

He said, "So the system becomes incentivized for corruption. And this is part of a different Trump fraud case. But avoiding taxes hurts all of us". 

On March 25, Trump received a financial reprieve when a New York court ruled that he was not required to pay the full $464 million bond in his fraud case while it undergoes appeal.

Instead, he was given a 10-day deadline to come up with $175 million.

Social media reacts to Jon Stewart's remarks

Social media erupted in a frenzy following Stewart's statements, with users expressing their views.

One person wrote, "Trump isn't arguing he's innocent, he's arguing he has the right to be a criminal".

Another person said, "Our justice system is a joke. Laws dont matter as long as you have money. What a joke".

"The hypocrisy of these people is astounding. Thank you Jon for so poignantly ranting about this insane double standard by those in power. The justice system should evenly and fairly prosecute crimes, that’s literally its purpose!" one comment read. 

"Jon Stewart still has it man - complete master of his work: passionate, insightful, and humorous," said one person. 

"Thank you Jon Stewart. Time after time I walk away from the news distraught. With you I walk away distraught, and with a grin from hope for humanity. Just maybe it will get better. Love ya man!" one person praised the host. 

"We need John Stewart now more than ever. Thank you sir," another chimed in. 

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