Trump reckons he can pay down the entire US national debt by 2024 while cutting taxes
70 replies, posted
[QUOTE=proch;50060107]Sounds more like a sanders thing[/QUOTE]
wat
Higher taxes on the rich and investment bankers does not "printing money" make
[QUOTE=fruxodaily;50059315]just print more money![/QUOTE]
That would devalue the US currency not really solve the problem, Still things would be cheaper to buy online.
[QUOTE=Rusty100;50059354]are you forgetting the part where his businesses keep failing[/QUOTE]
[URL=http://i.imgur.com/G4T4RaO.jpg]Yes, look at Donald Trump and all of his massive failures.[/URL]
His businesses "don't keep failing". Out of over a hundred, less than ten have "failed". You can make a lot of claims about Trump, but regardless of what you want to say, he's a very good businessman.
[QUOTE=Monkah;50060142]-fuzzy low rez image- [/QUOTE]
Um what is that?
Also you realize of course that the Trump organization is a conglomerate run by and managed by his children, it's not Donald's business
[QUOTE=Zang-Pog;50060143]I'm not sure what you've been seeing, but I'm pretty sure Sanders would be the last person to start printing out more money to try and fix problems that way[/QUOTE]
It's a practice commonly associated with socialism.
We don't need to get rid of [I]all[/I] of the debt. Debt isn't inherently a bad thing. The US has always been in debt, just like every other country. Debt doesn't mean you're poor or in trouble or dependent on China or some stupid shit. What we could use is a lessened deficit or even a surplus (yeah right), of course, a smaller debt would never hurt. But I feel like getting rid of 19 [I]trillion[/I] dollars in debt in 8 years would have some negative consequences.
[QUOTE=proch;50060189]It's a practice commonly associated with socialism.[/QUOTE]
Good thing Sanders isn't a socialist, then. At least if he actually doesn't know what's going on in Scandinavia when he talks about a "Scandinavian model for the US".
[QUOTE=Passing;50060135]That would devalue the US currency not really solve the problem, Still things would be cheaper to buy online.[/QUOTE]
I think he was being sarcastic.
[QUOTE=Monkah;50060142][URL=http://i.imgur.com/G4T4RaO.jpg]Yes, look at Donald Trump and all of his massive failures.[/URL]
His businesses "don't keep failing". Out of over a hundred, less than ten have "failed". You can make a lot of claims about Trump, but regardless of what you want to say, he's a very good businessman.[/QUOTE]
Every single one of those LLCs is a management company for a specific property. His failures have been much larger than one resort or one casino
It's actually a pretty shady practice to setup an llc for everything, limited liability companies were not made for managing a hotel, they were setup for actual dangerous businesses to shield from lawsuits
Also there's almost no oversight for an LLC. An actual successful company wouldn't need to hide behind 15 layers of LLCs, that tells you something about the way he does business
[QUOTE=Monkah;50060142][URL=http://i.imgur.com/G4T4RaO.jpg]Yes, look at Donald Trump and all of his massive failures.[/URL]
His businesses "don't keep failing". Out of over a hundred, less than ten have "failed". You can make a lot of claims about Trump, but regardless of what you want to say, he's a very good businessman.[/QUOTE]
How do people like yourself miss the million and one name branded failures he's been connected to outside of real estate?
[QUOTE=GoDong-DK;50060237]Good thing Sanders isn't a socialist, then. At least if he actually doesn't know what's going on in Scandinavia when he talks about a "Scandinavian model for the US".[/QUOTE]
He literally describes himself as a socialist
[QUOTE=proch;50060369]He literally describes himself as a socialist[/QUOTE]
how many times does this have to be fucking explained to you
Failing brands are a pretty common occurrence with conglomerates like Trump Org. You wouldn't call [url=http://www.forbes.com/sites/alisoncoleman/2015/03/15/why-richard-branson-thinks-failure-should-be-an-option-for-all-entrepreneurs/#532c5e97890b]Richard Branson a failed businessman.[/url] But have you ever heard of Virgin Cola, Virgin Bride, Virgin Cars, Virgin Megastores, Virgin Pulse, the list goes on. Find me one successful conglomerate that hasn't failed once. Failure, like debt, is a mainstay of successful businesses. Failure is always an option.
I think the timing of an investment like Trump Mortgage is self explanatory as to why he's a bad businessman.
I reckon I can pay the whole world debt by 2057, vote me as surpreme leader.
I know it because I have the better words. And lots of them.
tia
My favorite part about Trump is that he'd literally be worth the same, or perhaps even slightly more had he not bothered with making businesses and simply put the money into various accounts. Just wasted effort.
Also, yeah this is an obvious lie. The only Republican I'd believe would have been able to balance the budget is Rand Paul, if he got everything he wanted, and he probably wouldn't pay off much of the debt after his eight years. The rest all want to drive it wayyyy up by cutting taxes while yet spending even more by going to war with isis, and "rebuilding the military." You can argue that republicans don't like things like medicare or medicaid, but they can't repeal those, we're stuck with them forever unless we replace them with new programs that are better and more cost-efficient.
[QUOTE=thelurker1234;50060474]My favorite part about Trump is that he'd literally be worth the same, or perhaps even slightly more had he not bothered with making businesses and simply put the money into various accounts. Just wasted effort.
Also, yeah this is an obvious lie. The only Republican I'd believe would have been able to balance the budget is Rand Paul, if he got everything he wanted, and he probably wouldn't pay off much of the debt after his eight years. The rest all want to drive it wayyyy up by cutting taxes while yet spending even more by going to war with isis, and "rebuilding the military." You can argue that republicans don't like things like medicare or medicaid, but they can't repeal those, we're stuck with them forever unless we replace them with new programs that are better and more cost-efficient.[/QUOTE]
Or you know, instead of burning the house down we could fix the squeeky doors...
Social programs like Medicare and Medicaid will peak in the next decade as baby-boomers start eating into them, but once that tapers off, the programs will get better. Like I said earlier though, no Republican would balance the budget by raising taxes and cutting where it's needed, Paul himself would try to find the money by gutting all the government's regulatory agencies, something which would be disastrous
Trump is extremely over-rated as a businessman.
Outside of real-estate and hotels (which considering his starting capital and family's connections would be almost impossible to fail) practically everything he's done has flopped. Airline, casinos, mortgage bank, university, all cratered.
And for a man who so often claims to be a good judge of character (that he'll get the right people to run things everything), the mortgage bank failure in particular shows this to be false, as he hired an unqualified fraud to run the company. The mortgage bank also illustrates Trump has a very poor sense of strategy in general and strategic timing in particular (and makes a complete lie of his claims to have seen the recession coming) as despite clear warning signs he chose to get into mortgages in 2006-7 right before the whole market collapsed.
[QUOTE=proch;50060369]He literally describes himself as a socialist[/QUOTE]
And I'd say he isn't because his policies don't appear to be. At least not anymore socialist than the center parties in Denmark.
[QUOTE=proch;50060369]He literally describes himself as a socialist[/QUOTE]
No, he describes himself as a "Democratic Socialist"
[QUOTE=AlexConnor;50059382]200 million in 1971 money is 1.19 billion today, if Trump's only worth a billion he's lost money.[/QUOTE]
Man I wish I could get my inheritance 28 years before my parents die. :downs:
His Father gave him 1 million in 1971, and he didn't die until 1999 at which point Trump was already rich.
Not only that but it was impossible for Trump to get 200 million in inheritance since his Father only had a net worth of $250 million when he died and Donald Trump has 4 siblings.
[QUOTE=Broseph_;50061445]Man I wish I could get my inheritance 28 years before my parents die. :downs:
His Father gave him 1 million in 1971, and he didn't die until 1999 at which point Trump was already rich.
Not only that but it was impossible for Trump to get 200 million in inheritance since his Father only had a net worth of $250 million when he died and Donald Trump has 4 siblings.[/QUOTE]
You realize that a will can divide the money up to the kids however the person getting the will wants right?
[QUOTE=proch;50060369]He literally describes himself as a socialist[/QUOTE]
He's can call himself what he wants, that doesn't make him right. It's just an easy word to latch onto and less of a mouthful than social democrat
[QUOTE=AaronM202;50061035]No, he describes himself as a "Democratic Socialist"[/QUOTE]
He's a social Democrat
Democratic (read: liberal) politician with social leanings, as opposed to socialist who believes that societal reform can come from elections
[QUOTE=HumanAbyss;50061480]You realize that a will can divide the money up to the kids however the person getting the will wants right?[/QUOTE]
According to The New Yorker in 2005 the Inheritance was divided $35 million between him and his siblings and he gave up his inheritance in exchange for a 30 million dollar loan from his siblings because his business empire collapsed after he lost 2.6 billion in the 1990 recession, by 1996 he already rebounded to nearly half a billion.
So yeah Donald Trump sure is a shit businessman he go from 900 million in the red after having his business collapse to half a billion in the black within six years, THREE YEARS before he got a penny of inheritance, within two years he already tripled his money to $1.5 billion in 1998 before his father died.
So yeah keep going with this myth he got 1.1 billion in 1971 or 200 million at all.
[QUOTE=Broseph_;50061749]According to The New Yorker in 2005 the Inheritance was divided $35 million between him and his siblings and he gave up his inheritance in exchange for a 30 million dollar loan from his siblings because his business empire collapsed after he lost 2.6 billion in the 1990 recession, by 1996 he already rebounded to nearly half a billion.
So yeah Donald Trump sure is a shit businessman he go from 900 million in the red after having his business collapse to half a billion in the black within six years, THREE YEARS before he got a penny of inheritance, within two years he already tripled his money to $1.5 billion in 1998 before his father died.
So yeah keep going with this myth he got 1.1 billion in 1971 or 200 million at all.[/QUOTE]
He factually got 7.6 million in 71 so whatever you want to say, go for it, you can be wrong, I honestly don't give a shit if you believe something that's false.
I wasn't even saying "He surely received this amount" I was countering your argument that wills get divided equally
[QUOTE=HumanAbyss;50061806]He factually got 7.6 million in 71 so whatever you want to say, go for it, you can be wrong, I honestly don't give a shit if you believe something that's false.
I wasn't even saying "He surely received this amount" I was countering your argument that wills get divided equally[/QUOTE]
Yes but it's asinine to think he got his Father's entire net worth as his inheritance when he has four siblings.
Regardless Donald Trump gave up his Inheritance to his Siblings in the early 1990s and by the time his Father died he already had $1.5 billion after losing 2.6 billion in 1990; So 35 million or 200 million would've made no difference anyway.
1971 to 1989 his wealth had an annual growth rate of 35.57%; And 1991 to '98 after going 900 million in debt in 1990 he grew his wealth anually 149.39% before his daddy died.
Yet he's a shit businessman because some of his high profile investments failed.
[QUOTE=Broseph_;50062017]Yes but it's asinine to think he got his Father's entire net worth as his inheritance when he has four siblings.
Regardless Donald Trump gave up his Inheritance to his Siblings in the early 1990s and by the time his Father died he already had $1.5 billion after losing 2.6 billion in 1990; So 35 million or 200 million would've made no difference anyway.
1971 to 1989 his wealth had an annual growth rate of 35.57%; And 1991 to '98 after going 900 million in debt in 1990 he grew his wealth anually 149.39% before his daddy died.
Yet he's a shit businessman because some of his high profile investments failed.[/QUOTE]
Even in your own words he didn't give it up. He traded it for a loan of equal value. How disingenous do you have to be to try and sell that as such a selfless act when it's not even remotely?
He's a shit businessman because he could be richer than he is now if he hadn't decided his name is a synonym for "Quality" and if he didn't have outright fraudulent products like "Trump University" or outright retarded ideas like "Trump Mortgage" or ruining outright sustainable and profitable businesses like "Trump Airline", a previously successful airline that he bought and flew into the ground.
What the fuck is up with people like yourself just doing anything you possibly can to say "Nah this guys the only way to make america great again, he's never fucked up and if he did, everyone does so his mistakes are unimportant!"
I truly think you're going to refuse to acknowledge anything negative about the man just like the rest of his fanatics.
[QUOTE=HumanAbyss;50062120]Even in your own words he didn't give it up. He traded it for a loan of equal value. How disingenous do you have to be to try and sell that as such a selfless act when it's not even remotely?
He's a shit businessman because he could be richer than he is now if he hadn't decided his name is a synonym for "Quality" and if he didn't have outright fraudulent products like "Trump University" or outright retarded ideas like "Trump Mortgage" or ruining outright sustainable and profitable businesses like "Trump Airline", a previously successful airline that he bought and flew into the ground.
What the fuck is up with people like yourself just doing anything you possibly can to say "Nah this guys the only way to make america great again, he's never fucked up and if he did, everyone does so his mistakes are unimportant!"
I truly think you're going to refuse to acknowledge anything negative about the man just like the rest of his fanatics.[/QUOTE]
Yes he gave it up as collateral for a loan, regardless by the time he was set to inherit it he already rebounded.
Meanwhile how many investments does Trump have? Tell me because people act like to be a sucessful businessman you have to have never fucked up once; Well that's not how it works, to become sucessful you have to experiment and fuck up to learn what works and what doesn't; Innovation and Success always comes on the heels of failure.
Meanwhile you think Eastern Airlines was a profitable and sustainable Business? Trump bought it because they were already collapsing and right afterwards Iraqi invaded Kuwait after Daddy Bush gave Saddam permission which resulted in jet fuel prices doubling which crashed several Airlines including the then ubiquitous Pan-Am airlines; And as a result he nearly died and despite being 900 million in the red he never filed Bankruptcy and in fact he even recovered with 6 years.
Meanwhile I hear all this shit about Trump University being a fruad because it doesn't actually give out degrees yet nobody cares about McDonald's Hamburger "University" which is the same bullshit.
Regardless nobody cares about Donald Trump's good positions like decrimializing drugs, taking away the Federal Government's gauentee on student loans which allows banks to create these abusive nondischargable loans on degrees that are not economically viable; and reforming health care to end these abusive monopolies health insurance companies have in several states due to it being illegal to offer health insurance across state lines as well as Trump offering amnesty and ending Corporations abusing the Work Visa system to exploit and force foreigners to work for far less than the American workers they're replacing due to the fact our work visas are akin to servitude since even if you find a better job you can't leave the sponsoring company or else you'll be deported.
[QUOTE=Shibbey;50061606]He's can call himself what he wants, that doesn't make him right. It's just an easy word to latch onto and less of a mouthful than social democrat
He's a social Democrat
Democratic (read: liberal) politician with social leanings, as opposed to socialist who believes that societal reform can come from elections[/QUOTE]
he'd probably have more support if he didn't try associating himself with some weirdo fringe ideology (in america anyways, in the rest of the world socialism is merely just fading into the background)
just call yourself a progressive or democrat or something, i don't see why he has to bring in an ideology all about "owning the factors of production" and dismantling capitalism as the primary socioeconomic system
[QUOTE=Broseph_;50062428]
Meanwhile how many investments does Trump have? Tell me because people act like to be a sucessful businessman you have to have never fucked up once; Well that's not how it works, to become sucessful you have to experiment and fuck up to learn what works and what doesn't; Innovation and Success always comes on the heels of failure.[/QUOTE]
Oh my it's like you can't argue with what people say because you know you'd lose so you just fucking create a strawman to argue with right?
Never said that he had to have no failed businesses. Instead, I looked at what failed out of what didn't, and decided he's over rated. But nope, you're arguing with a strawman.
[QUOTE]Meanwhile you think Eastern Airlines was a profitable and sustainable Business? Trump bought it because they were already collapsing and right afterwards Iraqi invaded Kuwait after Daddy Bush gave Saddam permission which resulted in jet fuel prices doubling which crashed several Airlines including the then ubiquitous Pan-Am airlines; And as a result he nearly died and despite being 900 million in the red he never filed Bankruptcy and in fact he even recovered with 6 years.[/QUOTE]
Oh so he bought, and sank multiple different airlines over the years? That's good to know becasue that wasn't the airline I was talking about that failed, but nice. He's fucked it up repeatedly and you're still defending him as an admirable business man.
[QUOTE]Meanwhile I hear all this shit about Trump University being a fruad because it doesn't actually give out degrees yet nobody cares about McDonald's Hamburger "University" which is the same bullshit.[/QUOTE]
Okay so here's where I know you have no fucking idea what you're talking about. None. You have no clue about this subject. So please, stop talking.
Hamburger University is not a university. And you're literally the first person to ever think it was a real university. What Hamburger University is is a training place for McDonalds Franchise owners. It is not a university. It is not even fucking CALLED a university in it's official documents. It's a training centre that you are mandated to go to by McDonalds corporate HQ if you want to own a Franchise because it's the easiest way they found to create Franchisable models. It HAS NOTHING TO DO WITH UNIVERSITY.
However.
Trump University was sold as a university, and it was open to the public. It was not accredited, and was not licenced. Hamburger University again, doesn't have to be because again, IT'S NOT A UNIVERSITY AND NEVER EVEN PRETENDED TO BE ONE. Trump University sold itself as a University.
[QUOTE]Regardless nobody cares about Donald Trump's good positions like decrimializing drugs, taking away the Federal Government's gauentee on student loans which allows banks to create these abusive nondischargable loans on degrees that are not economically viable; and reforming health care to end these abusive monopolies health insurance companies have in several states due to it being illegal to offer health insurance across state lines as well as Trump offering amnesty and ending Corporations abusing the Work Visa system to exploit and force foreigners to work for far less than the American workers they're replacing due to the fact our work visas are akin to servitude since even if you find a better job you can't leave the sponsoring company or else you'll be deported.[/QUOTE]
You know 4 years ago people like you no doubt attacked whoever you could when they supported a candidate with drug reform on their platform and nothing else as being a one issue voter. You no doubt did this.
His whole policy around loans is unfeasible. Economists shit on it regularly form what I've seen.
And wow. You're really saying that Trump has better immigration reform(in his eyes, Immigration closure) policy than anyone?
it's hard to take seriously when you're so easily swayed by marketing terms.
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