I doubt that. I think the liberal image she is showing right now is mainly because she still has to win the primary, meaning that she has to get the votes of the most liberal of the liberal.
I’m more in line that she operates like the Clinton Foundation. Get money/support in under the pretence of doing great work.
He took a loss on his equity stake after pulling out tens of millions in royalties and management fees along the way. The Trump business model:
Lend me $1 billion to build something with my name on it.
Pay one of my related companies (which won’t go bankrupt) millions to manage the construction.
Pay one of my related companies (which won’t go bankrupt) millions to use my name.
Pay another of my related companies (which also won’t go bankrupt) millions to manage the operations.
Force me out when it goes bankrupt.
Continue to pay me to keep my name on it.
In Trump’s own words “I use the laws of the country to my advantage” (and others disadvantage). When everyone else loses their money he says “cmon, you knew who I was, don’t act innocent”.
And you guys, educated finance people, are thinking getting into one of these deals is a good idea? Wow, have fun getting bent over.
+1
Same. Ive never voted in my life, but I will for him.
Hes dominating the polls. Im starting to think he actually has a shot at the Republican nomination
marginal tax rate is just one example. taxation on corporations and higher earners is much lower today than in the past. a solution to what you’ve brought up would be to outlaw such compensation schemes that skirt taxation. this may require some international cooperation but this is already taking place to some degree. now it just requires some legislation to actually boost income flowing to the government and legislation that says the proceeds be used against debt instead of for a higher EITC or something of that colour. Piketty’s idea of a wealth tax would help reduce current fortunes. though it has some merit, i don’t think it’s as necessary as is preventing the accumulation of new fortunes without appropriate taxation.
I dont know how much debt he has, but i can definitely believe all of his properties around the world are worth well above $10 billion. Some prime, prime properties with prime locations
+100.
She is a shriller and less charming version of Slick Willie. Triangulate like Hell and make money. No core convictions (or none she will say in public - in private, I think she may care most about the programs for the poor, like Medicaid, same as Bill did.) If she is in the South she puts on a Southern accent. If she is in Iowa she acts like a farmer. WTF. All pols pander but she takes it to obvious extremes assuming her audience is dumb and won’t catch on.
Anyway, itera , tax-and-spend Democrat Presidents have been great for the American economy while don’t-tax-and-spend-anyway Republicans have been a complete disaster. (*) Maybe because the other party had power in Congress for checks and balances, and somehow the Democratic bully pulpit + Republican cat-herding (of Congressional votes) works out better than the other way. The time when Bush Jr had a Republican Congress was awful. Obama passed ACA with a Dem house and a Repub Senate, IIRC, not too bad. So I am hoping for a Dem President, R Congress, and mostly gridlock. Hopefully someone like Obama will come out of the left field (no pun intended) and dethrone the Queen Bee.
(*) Here is a theory why: http://www.voxeu.org/article/us-economy-performs-better-under-democratic-presidents-why
i agree that socialism is not a solution but neither is fascism or corporatism, which is what you are proposing is the right alternative. the american populace’s mindset is so far right that you call centrist policies socialist and you call corporatist policies centrist. it’s nuts. the U.S. will become Greece WITHOUT higher taxes on high earners and corporations. that is only way to keep deficits in check. the U.S. isn’t bankrupt because of government handouts, it’s because governments deficits are a mirror image of corporate profits.
That’s great, but it is highly doubtful that in all things considered, in any of his bankruptcies, he realized a net profit. He can be crafty in minimizing his downside while retaining the upside of his equity stake, but I am sure he had net losses in his bankrupt deals. Obviously they weren’t strategic moves caculcated from the beginning, and he didn’t do any turnaround management that somehow translates into relevant experience as itera suggests.
Where is this $10B net worth figure coming from (aside from Trump, anything verifiable)? I didn’t think he was worth anywhere near even a tenth of that.
well look at the properties he owns. Theyre certainly worth >$10 billion. Depending on his debts, it seems possible to me
Why would that be obvious? I don’t think you can assume to know what a schemer is scheming.
I can tell you with 100% certainty that in at least 1 of the 4 he earned a very handsome return on his investment due to the fees generated by his other entites and he was fully prepared for the company to eventually file for bankruptcy.
Donald Trump: Candidate Reads Sen. Lindsey Graham’s Cell Phone Number at South Carolina Rally The two are engaged in a feud that began when Sen. Graham, R-S.C., called Trump a “jackass” in an interview. Trump called Graham an “idiot” at the rally, and told the crowd to call Graham’s phone.
@higgs
Maybe we are arguing semantics here, and I’m not saying that I have looked at any of the numbers behind his companies that went through restructuring, but being prepared for the Chapter 11 filing (which was voluntary in all cases, after discussions with the lenders) is very different from setting out with the strategic intent to run the business into the ground and somehow realize a positive return. If you believe the latter, then you greatly underestimate the level of sophistication of the US Bankruptcy Courts - they take fraudulent transfer claims rather seriously.
A schemer already knows all this and plans a scheme they can get away with, not one they can’t get away with. As Donald said, “I use the laws to my advantage”.
The real question is why any sane person would invite a world-class self-interested schemer into a leadership position. Have you guys totally lost your minds?
So your strategy is to raise taxes everywhere to fill the gap. Yes I’m sure businesses will gladly bend over and take it in the rear, and not come up with any way to reduce that burden. I noticed you didn’t respond at all to the mass exodus of companies redomiciling to avoid US taxes or many rich people giving up citizenship. oh yes, that’s bec there’s no comeback for that.
Guys, the USG is financially f@#$%d, no amount of additional taxes, no matter how crazy high, will ever close the financial gap.
Since 1982, Forbes has been tracking Trump’s net worth in great detail. That’s more than thirty years. Over those decades, we have worked both with him and outside experts who can help us come up with a fair market valuation of his assets. Every year, Trump shares a lot of information with us that helps us get to the figures we publish. But he also consistently pushes for a higher net worth—especially when it comes to the value of his personal brand.
http://www.bloombergview.com/articles/2015-07-21/dear-mr-trump-i-m-worth-10-billion-too-
But Donald had no idea how hard it was to get this right! On a single day in August 2004, he told me his net worth was $4 billion to $5 billion, then revised that later the same day to $1.7 billion. Forbes said at the time he was worth $2.6 billion. A year later Donald told me he was worth $5 billion to $6 billion, but a brochure left on my nightstand at his Palm Beach resort said he was worth $9.5 billion. When I interviewed Donald’s chief financial officer in a Trump Organization conference room in 2005 to discuss the range of numbers, the figure shared with me was $5 billion, not $6 billion. “I’m going to go to my office and find that other billion,” the CFO advised.