cawacko
Well-known member
Jarod believes QE and low interest rates that create asset bubbles that benefit rich people like him and hurt middle income savers is somehow good for low income people.
Oprah for Prez?
- Thread starter cawacko
- Start date
Jarod believes QE and low interest rates that create asset bubbles that benefit rich people like him and hurt middle income savers is somehow good for low income people.
Eagle_Eye
Well-known member
Nice try that is a favorite ploy of you lefties to say he is a bad business man. What you don't say is many businesses are allowed to fail for various reasons tax write offs are one. As of Sept 2017 Trumps net worth was estimated at $3.1 billion.
NYC real estate $1.6 Billion
Golf clubs/resorts $570 million
non NYC real estate $500 million
Brand businesses $200 million
cash and personal assets $290 million
That doesn't sound like a bad businessman to me. But then I'm not a brain dead liberal.
cawacko
Well-known member
Not sure why I'm jumping into this but it here it goes. Trump is a marketing genius. He has created a brand where his name is synonymous with high end success and he has used that to make himself very wealthy.
As far as how he conducted business he left a lot to be desired. Ethics weren't high on his list. He was also a big fan of do as he says he will sue.
And long time entrepreneurs often have multiple failures. No shame in that. But Trump has a long line of them.
If we're talking politicians no one tops Mitt Romney. That man started an amazing comparing which still thrives today.
I am not an expert, but I know that it is not Done by giving incredible tax breaks to The wealthy, the loopholes that people who own corporations are able to take it vantage of allow for oppression of those who must work at a job for a living. The favoritism towards big business, and laws which enable them to Bully start up competition out of the marketplace are established in order to keep Generational money in the hands of those who were born with it as opposed to those who work hard or our innovative And intelligent. The wealth of Donald Trump is a perfect example.
Low interest rates actually harm the wealthy and help the poor. If you have money, you want high interest-rate so that you get a better return.
Exactly, he is genius At using the laws that were set up to benefit people like him who were born with huge amounts of money. He is not someone who work hard, was innovative, or particularly intelligent at business. He was particularly good at using a system that was established to benefit him in the first place.
cawacko
Well-known member
Funny how quickly things change. She built her company herself without gov't help? Do we need to go to back to "you didn't build that?"
(Now I happen to agree Oprah built her company on her own and did an amazing job of it. But you and others were yelling on here just a few years ago no one builds anything on their own.)
cawacko
Well-known member
You have got to be kidding. Have you be asleep the past decade? Jesus. I don't think you understand how markets and rates work
cawacko
Well-known member
So you don't have anything
I meant without being born wealthy she says my had help From her country. But you knew that already.
You by Into that lie.
cawacko
Well-known member
I hate you because it makes me look like I'm defending Trump when in reality you are trying to knock capitalism while getting rich off it.
Trump is a crappy person with shady bausjness ethics but that doesn't mean he didn't work hard or build an empire. You are conflating personal dislike for how business works
cawacko
Well-known member
Bullshit
Eagle_Eye
Well-known member
I totally agree.
You don’t think she had any help from her country?
cawacko
Well-known member
I know you will not answer this because you always run when it comes to economics but please show me where the Feds low interest rates benefitted those on fixed income.
Mott the Hoople
Sweet Jane
Something to make every redneck in the countries head explode. LOL
cancel2 2022
Canceled
People without capital have to borrow money to buy things such as houses and cars, low interest rates make that possible. High interest rates make that more difficult. When someone who has capital wants to invest it low interest-rate give them a smaller return, high interest-rate give them a larger return.
If a person who does not have access to their own capital wants to start a small business, and would like to take advantage of the tax loopholes provided to people who own their own businesses They have to borrow money, when interest rates are lower it is easier to borrow money.