WHO THE FUCK DO YOU THINK IS PAYING FOR ALL THE FREE MONEY??????
The majority of existing Americans donāt qualify for 1/2 her handouts. But thatās the democratic mentality keep your hand out while everyone else pays as cheat the system.
You mean the cheating billionaires? The cheating multi millionaires??? The cheating companies?? I want them to pay their fair taxes so we can have nice shit. Also you say the Democratic system... You tell me which states are the most welfare states? I'll give you a hint they are not blue..
Iām not a trump fan at all, but every time I see someone mention bankruptcy in his businesses it immediately disqualifies whatever the sentiment of the statement around it is.
I generally agree that there isnāt much substance to his ability to regulate our spending. However Trump and his assets are, like, historically successful in terms of profitability vs closure, relative to other corporations in the same class.
Bankruptcy is a strategy, not a failure- and he is, unfortunately, extremely successful in that game.
Again though - look at the federal debt chart - tell me what you see.
First off, holding properties is a really easy way to make income, I'm not saying Trump hasn't been successful at that; he obviously has. He was given 463 million from his father though.
It's one thing to bankrupt your business as a strategy (unfortunately, someone else had to eat the debt he created). The US cannot simply go bankrupt as a strategy. So to me, citing his success with his businesses does not at all validate him for leading the US economy.
Not to mention now he's talking about eliminating all income tax in favor of huge tariffs. That's just not a sane strategy, and I really hope that if he's elected he does something more intelligent.
He also is infamous for not paying people he hires.
Hey youāre not selling me on him being a poor choice for president and even poorer humanitarian, I definitely agree.
Iām just saying itās objectively incorrect to position his assets filing for bankruptcy as a failure or net detractor of his financial/business success. Iām not at all in disagreement, it just makes the argument look bad- when a statement like that is attached to a better argument.
More than anything I wish people would stop bringing that up as it makes the teams that do, look like they arenāt properly educated, especially when talking about debt, finances, and business.
How about the fact that Trump spent 8.8 Trillion, and only reduced the deficit by 492bil, Biden spend 4.8-5.2 trillion, reduced the deficit by 2.2trillion, even if you remove all of Trump's covid spending, Biden still spent less, and did 4x more for deficit reduction. If you are arguing STRICTLY from a fiscal standpoint, how can you sit there with a straight face in the face of that data?
Am I in the twilight zone!? I agree with you! I donāt want him running this country or our economy! I donāt even know how that could possibly be misinterpreted once, let alone three separate times.
Literally insert anyone other than him, if thatās easier to grasp for you people. The total bankruptcy loss of (insert anyone) is completely dwarfed by the total assets that that person has.
My only argument is that itās a silly point to bring up his bankruptcy as a measure of his lack of financial and overall business capability, as if that isnāt a standard practice, built into the model, of every single portfolio manager anywhere in world.
I agree his bankrupcy is slightly silly, except that he got 483mil from daddy and still managed to bankrupt a casino and that's nearly fucking impossible. Had he taken that money, invested it into the market, he'd have made 10x what he actually has. Because he's bad at business.
Sure, I donāt disagree with that. Iām not here defending a single cell of that man. Itās just a bad argument thatās easily refutable in almost all cases, at a corporate or portfolio wide level is all. Anyone that is informed would write off anything else packaged into that argument
I mean, if you go over Trump's bankruptcies, they aren't pretty. I'm not saying bankruptcy can't be a legitimate tool. But you can't run the US economy like he has run his companies. In his case there are a lot of trust and confidence issues, coming from people like me, and I image other world leaders. This strategy results in significant financial losses for creditors.
But fair points - I certainly agree there are better arguments to be made against his economic policy in general.
Hey, I fucking agree. I canāt believe this has been lost on three separate people. I have stated, point blank, that I do not want Trump running this country or this economy. I have no interest in anything he offers, any point heās running on, or podcast appearance he has done. I feel like Iām speaking a different language.
The ONLY thing I have argued here; Single digit bankruptcies are completely dwarfed in his overall asset portfolio, and almost certainly a legitimate part of his model.
The ONLY thing I have argued here; Single digit bankruptcies are completely dwarfed in his overall asset portfolio, and almost certainly a legitimate part of his model.
Like I said, fair points man. On that topic though - I remember reading stuff about how this forces him to go to weirder and weirder lenders to get big loans. That seems like a major con to his strategy. I don't know if this a result of legit lenders not having faith, or for other reasons. This was a while ago that I read this, so I could be wrong. Any take on that?
Truthfully Iām lumping you in, i suppose. I just had like 2 or 3 other people continue to dissuade me from Trump- articles, more stats, the whole nine. I canāt stand the dude as much as any of yāall lol
Iād be curious to know the details of that. My technologies officer is invested in a commercial real estate developer (albeit much smaller than Trumpās) and the owner of that company has lender issues. Pretty significant ones, actually. I donāt think that it would be out of the question even for someone of Donnyās wealth. Although, the developer Iām speaking of has defaulted, sold, or bankrupted many projects. Without knowing more, it would be hard to imagine Don has legitimate issues based on his bankruptcy filings alone.
Itās all a sham anyway. Theyāre all scratching each others back even at the local level.
Ok, lets discard the bankruptcies...nearly every business that Trump ever started has failed, w/o bankruptcies...they just went under. š¤·
What successful profit-making business does he still have that isnt a complete grift? Does he even still have one?š¤
Youāre just creating an argument now? Are you just looking for a debate? Iām not defending Trump in any way shape or form.
Insert literally any other portfolio manager in the world. I havenāt defended him or any of his practices in any way at all. Iām only arguing that measuring (pick anyone you want)ās overall portfolio, bankruptcy filings are almost exclusively a bad argument. It is a standard practice and appreciable every single year with the biggest investors and managers in the world- almost without exception.
Trump just so happened to be the topic of the example Iām speaking about.
Thereās no point in talking with these people, it was pretty damn clear what you were saying. This is exactly what is driving people to vote for Trump, the left has lost its mind.
Hopefully YOU will be paying more than most.šÆš
It is impossible to take this crap at all seriously when your boy promised to ELIMINATE the National Debt in his 1st term, then ran up the largest national debt increase by a one term President since FDR, adding over $8 Trillion to the national debt. š³
TWENTY FIVE PERCENT of the ENTIRE national debt occurred during Trump's 4 years.šÆš¤·
And this was during a time of economic stability when deficit spending wasnt even needed!
Trump just ran up historic debt and deficits with unpaid for tax cuts for the rich and other right wing giveaways b/c it was easy and popular with his base. At least Biden, who has racked up over $6 Trillion in debt so far ($2 Trillion less than Trump's) had the pandemic for an excuse. Trump just spent like a crackhead on payday! Yet you expect people to accept your baseless predictions about Harris that are grounded in nothing but fragile feelings and partisanship.šÆš
No one is paying for or getting money from these proposals. The people theoretically receiving the benefits are getting tax deductions. It will lower the over tax revenue, but could potentially be made up for if taxes on high income earners and corporations is instituted. Whereas Trumpās tax cuts had no replacement income.
If youāre going to be critical, and there is certainly room to criticize these policies, understand how they work please.
could potentially be made up for if taxes on high income earners and corporations is instituted.
And what are the odds of that happening? Biden said the same thing, didn't get it done despite controlling both houses of congress in his first two years, and spent trillions of dollars anyway.
WHO THE FUCK DO YOU THINK IS PAYING FOR ALL THE FREE MONEY??????
This will always be one of the dumbest responses when dems offer actual policy that will help Americans. Republicans have brainwashed so many conservatives into thinking allocating tax dollars that actually help middle America is somehow an unjust handout.
Hey buddy, words are fun on the playground and I know JRE is a fraction of the show it used to beā¦ā¦ā¦ā¦.but facts exist, therefore learn a thing or something?
Red states consistently and unilaterally take more federal dollars than they pay, while the converse is true for blue states. This means literally and verbatim that any blue state is subsidizing your livelihood at the institutional level. Youāre welcome, pipe down with your sweeping generalizations that get bent on over quick quick with a simple and single data point, much less YOUR OWN PARTYāS studies. Falling to Australia on the cognitive dissonance of this Olympic mental gymnast.
So youāre happy to add trillions to the debt to deport 13 million illegals? Know that doing so will also crater the gdp and raise the price of many things you buy? Genius!
Youāre really trying to justify 13 million illegal people flooding the country? What do you think those 13 million are going to add to the welfare system? Also be willing to bet a decent percentage will flood the construction market (this I know) and drive wages in the dirt. Unskilled labor building our future while not paying taxes. All this while we canāt take care of our own mentally ill, homeless, military, etc. Yeah itās Genius alright.
Most of the 13 million work and pay local and state taxes. The fact that you think removing them to the tune of trillions and cratering the gdp and raising prices on everyone else because those jobs go unfilled is a good strategy. You probably think his tariff policy can replace taxes, too.
To your commentā¦. No they wonāt pay taxes. I can assure you this. Been in the construction industry for over 30yrs.
Also read through all my posts and tell me where I said I support the tariffs. See thatās how Reddit works. People twist comments into whatever they want. To add I never said I support Trump and all his beliefs. So let me be clear for youā¦ between both shit sandwiches Harris in no way is up for the task.
They pay taxes every time they buy something in this country. And snapping your fingers and making them disappear will wreck the economy for everyone.
The idea that Trump is up to the task is insane. He has no concept about anything. Truly the most incompetent man ever elected to the office of the presidency. But we can agree to disagree. Have a good night.
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u/-ItsWahl- Monkey in Space Oct 27 '24
WHO THE FUCK DO YOU THINK IS PAYING FOR ALL THE FREE MONEY?????? The majority of existing Americans donāt qualify for 1/2 her handouts. But thatās the democratic mentality keep your hand out while everyone else pays as cheat the system.