Lets talk about Tariffs and what they mean to you!

[0311]

NY Times: Trump got $413M from his dad, much from tax dodges​

NEW YORK (AP) — The New York Times reported Tuesday that President Donald Trump received at least $413 million from his father over the decades, much of that through dubious tax dodges, including outright fraud.

The 15,000-word Times report contradicts Trump’s portrayal of himself as a self-made billionaire who started with just a $1 million loan from his father.

The Times says Trump and his father, Fred, avoided gift and inheritance taxes by setting up a sham corporation and undervaluing assets to tax authorities. The Times says its report is based on more than 100,000 pages of financial documents, including confidential tax returns from the father and his companies.

Take your debate and complaint to AP news and the 100,000+ financial documents they reviewed. I am just the messenger.

Freddie bailed his son out numerous times. 47 cannot handle money. I mean for fuck sake, who bankrupts a Casino when the house (Casino) set the limit on the bet? 47 skimmed big time.

 

[frigidweirdo]

Trump raised Tariffs on China in 2017 and for the past 4 years, he has stated that if reelected he would raise tariffs on China even more (60% or more). He reinforced that view recently in August, 2024.

Economists across the board have stated that such a tariff increase would make inflation soar. Nonetheless, Trumpers have pooh-poohed those predictions as being biased against Trump.

Well, here is one predictor that we ALL know and mostly respect, for the simple reason that we all shop there as it is a company that generally offers the lowest prices for products, meaning that if anyone knows about pricing of products, this company knows:

Do you now believe and understand that what Trump has promised to do, will make our lives more difficult without accomplishing much benefit?

It also needs to be clearly understood that if Trump by any chance changes his mind, it will mean a promise that he made 8 years ago (and he did keep) and has made it again for this term, will become a broken promise. Is Trump's caring for Americans greater than the pride/ego for himself? I don't think so.

If he doesn't change his mind (most likely scenario), we all (including his supporters) will suffer the consequences.

What do you prefer he do?

This is the problem, people are ignorant and stupid. In the UK they had the Brexit vote and people's attitude was "it always turns out well, so why not this time?"

And it didn't turn out well, idiots voting for idiot eradication schemes.

 

[Stryder50]

Why do you have to take everything to the extreme. Billionaires are not incompetent. Trump is.

FYI. Trump started in 1974 with $414 million that his father gave him. Is now worth $2.6 Billion. If had invested that amount in the SPX index and done NOTHING, he would have in excess of $22.6 billion (10 times more than he has now). Musk, started almost from scratch in 1981 and is now worth over $300 Billion (that is competence). Bloomberg started with nothing in 1976 and is now worth $120 billion.

Can you say that Trump is competent when you see those facts?

As far as TDS that you accuse me of having. What I have is TIS (Trump Incompetence syndrome). He has earned that. He has PROVEN to be incompetent over and over again. The only thing that he has been "somewhat" good at is Real Estate, but then again he was taught that from an early age by his father who was knowledgeable and competent at Real Estate and he was young (not yet a full narcissist) when his father taught him that.

How many times do I have to remind people of this simple fact

View attachment 1046233

Trump has failed in ALL of those industries. His successes have been exclusively in Real Estate. Knowing Real Estate does not help a person be president of a country.

Geez, how can you so consistently ignore the facts.

I know, I know what you are going to say:

View attachment 1046256

At least he has real, wealth creating business experience. And failure can be a learning experience.

Meanwhile, his contemporary Libturd Democrat competitors had next to zilch experience in business, just in being parasites on the taxpayer's funding. They never took the risks of trying to start and run a business. Other than selling their vote and influence.
...
Bill Clinton
...
Clinton was born and raised in Arkansas. He graduated from Georgetown University in 1968, and later from Yale Law School, where he met his future wife, Hillary Rodham. After graduating from law school, Clinton returned to Arkansas and won election as state attorney general, followed by two non-consecutive tenures as Arkansas governor. As governor, he overhauled the state's education system and served as chairman of the National Governors Association. Clinton was elected president in the 1992 election, defeating the incumbent Republican Party president George H. W. Bush and the independent businessman Ross Perot. He became the first president to be born in the Baby Boomer generation.
...

Bill Clinton - Wikipedia

en.wikipedia.org

Barack Obama
Obama was born in Honolulu, Hawaii. He graduated from Columbia University in 1983 with a Bachelor of Arts degree in political science and later worked as a community organizer in Chicago. In 1988, Obama enrolled in Harvard Law School, where he was the first black president of the Harvard Law Review. He became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. In 1996, Obama was elected to represent the 13th district in the Illinois Senate, a position he held until 2004, when he successfully ran for the U.S. Senate. In the 2008 presidential election, after a close primary campaign against Hillary Clinton, he was nominated by the Democratic Party for president. Obama selected Joe Biden as his running mate and defeated Republican nominee John McCain.

Barack Obama - Wikipedia

en.wikipedia.org

Joseph Robinette Biden Jr.
...
Born in Scranton, Pennsylvania, Biden moved with his family to Delaware in 1953. He received a Bachelor of Arts from the University of Delaware in 1965 and a Juris Doctor from Syracuse University in 1968. He was elected to the New Castle County Council in 1970 and the U.S. Senate in 1972. As a senator, Biden drafted and led the effort to pass the Violent Crime Control and Law Enforcement Act and the Violence Against Women Act. He also oversaw six U.S. Supreme Court confirmation hearings, including the contentious hearings for Robert Bork and Clarence Thomas. Biden ran unsuccessfully for the 1988 and 2008 Democratic presidential nominations. In 2008, Obama chose Biden as his running mate, and he was a close counselor to Obama during his two terms as vice president. In the 2020 presidential election, the Democratic Party nominated Biden for president. He selected Kamala Harris as his running mate, and they defeated Republican incumbents Donald Trump and Mike Pence. He became the oldest president in U.S. history and the first to serve with a female vice president.

Joe Biden - Wikipedia

en.wikipedia.org

None of the above three have any real experience in the business world, especially in for profit free enterprise. The bulk of their experience is chasing votes and finding "ways" to amass personal wealth beyond what their guv'mint paychecks would have provided; i.e: shifty skeemers and grafters/grifters.

Careers spent being parasites on the taxpayer's backs hardly would qualify as best choice for POTUS.[/CODE]

 

[Picaro]

So rather than answer question put to you, you engage in personal attacks as means to hide that you don't know a fucking thing.

In point of fact I am NOT a "gimp", I have monocular vision, which means for uneducated like you that I have one eye. Your petty attempts at insulting me mean nothing. It only serves to prove you have no idea of what you are talking about. OH, FYI......your red "MAGA" cap was manufactured in China.

Ask real questions, gimp.

lol at 'one eye'.

 

[Picaro]

Execs at Walmart have already announced that for those like low goods at Walmart, any price in those goods will passed along shoppers at Walmart in the form of higher prices

Attention Walmart Shoppers, anyone of you who were brain dead enough to vote for 47, Karma is a cast iron bitch. You wanted lowers costs, not going to happen.

Hey, dufus, they already raise prices any time they can make up an excuse for doing so. Fake 'shortages', their wives dogs needed surgery, the wind blew hard one time in North Dakota, etc., etc.

 

[Luckyone]

They also claimed he was given $60.7M and that he colluded with Russia…remember?

Trump claimed he turned a 'small' $1 million loan from his father into an empire. The New York Times says it was more like $60.7 million in loans

The Times reports, in a lengthy and exhaustive investigative article, that the amount would be worth $140 million in today's dollars, and that much of it was never repaid.

www.cnbc.com

.

Neither of us (you or I) know one way or the other what is the truth. Nonetheless, there are studies, investigations, documents, and evaluations by people that are experts and is their job to find out what is the truth and they know more than you and I know.

Evidently, both of us have the right to our own opinion but in my case, I would rather go with data, statistics, and facts than with opinion, In addition there is one thing that most everyone should have in order to choose what is the most probable scenario based on the history, character and personality of the person we are judging and that is common sense. In the case of Trump, he has a LONG and public history of actions, character and personality, meaning that it is easy to use common sense to make a likely correct evaluation of the person.

That is what you and I have (nothing else).

One last thing, humans and humanity means that no one is perfect. This means that most humans do something right and something wrong and if you look closely, you will ALWAYS find something that supports your opinion. Nonetheless, the idea is the WHOLE picture and not just one example of the whole picture.

Trump has clearly shown who he is throughout his life (thousands of examples) and he has SHOWN he is not a good man. He has shown lack of caring for others, he has shown incompetence, he has shown anger and revenge drives him, he has shown a disregard for the law, he has shown con artist actions and he has shown a lack of morals, ethics, principles and humanity.

For all of those reasons, my opinion is "set". Can I be wrong? Sure (no one is perfect) but the probabilities strongly favor my being correct (for all of the reasons above).

 

[Luckyone]

We owe terrorist nothing

You misunderstand what I said. This is not about owing anything to anyone in particular. We owe it to the PRINCIPLE involved. If we are to become judges of who is what and forget the overall principle that we represent (and that we - the U.S. - have represented for 248 years), the we become the type of people that can be judged by others according to their values (not ours).

We need to be what our Constitution caused us to be.

 

[eagle1462010]

You misunderstand what I said. This is not about owing anything to anyone in particular. We owe it to the PRINCIPLE involved. If we are to become judges of who is what and forget the overall principle that we represent (and that we - the U.S. - have represented for 248 years), the we become the type of people that can be judged by others according to their values (not ours).

We need to be what our Constitution caused us to be.

We owe nothing to our enemy

 

[Luckyone]

We owe nothing to our enemy

You are entitled to your opinion. Lets leave it at that.

 

[Mashmont]

Trump raised Tariffs on China in 2017 and for the past 4 years, he has stated that if reelected he would raise tariffs on China even more (60% or more). He reinforced that view recently in August, 2024.

Economists across the board have stated that such a tariff increase would make inflation soar. Nonetheless, Trumpers have pooh-poohed those predictions as being biased against Trump.

Well, here is one predictor that we ALL know and mostly respect, for the simple reason that we all shop there as it is a company that generally offers the lowest prices for products, meaning that if anyone knows about pricing of products, this company knows:

Do you now believe and understand that what Trump has promised to do, will make our lives more difficult without accomplishing much benefit?

It also needs to be clearly understood that if Trump by any chance changes his mind, it will mean a promise that he made 8 years ago (and he did keep) and has made it again for this term, will become a broken promise. Is Trump's caring for Americans greater than the pride/ego for himself? I don't think so.

If he doesn't change his mind (most likely scenario), we all (including his supporters) will suffer the consequences.

What do you prefer he do?

So here is always my question. Trump imposed tariffs in his first term, and his inflation rates were very low. Why will this be different?

 

[Luckyone]

So here is always my question. Trump imposed tariffs in his first term, and his inflation rates were very low. Why will this be different?

Actions such as tariffs do not generate immediate consequences. Sometimes it takes even years where some negative action occurs.

Having said that, those tariffs were not necessarily bad. They did cause some negative things to occur because they were not well done (safeguard put in place to ameliorate the negatives) but in general they did bring some good things.

Having said that and now 7 years later and the fundamental picture of the U.S. and the world having changed and Trump now looking to do extremes and not putting up any safeguards these tariffs will generate much damage

 

[Mashmont]

Actions such as tariffs do not generate immediate consequences. Sometimes it takes even years where some negative action occurs.

Having said that, those tariffs were not necessarily bad. They did cause some negative things to occur because they were not well done (safeguard put in place to ameliorate the negatives) but in general they did bring some good things.

Having said that and now 7 years later and the fundamental picture of the U.S. and the world having changed and Trump now looking to do extremes and not putting up any safeguards these tariffs will generate much damage

That was a non explanation.

 

[JohnDB]

 

[sparky]

If our NRTL's , CPSC & FDA upped their standards , we would not need VAT

~S~

 

[JohnDB]

 

[Natural Citizen]

Now. What changed?

Well, in 1913, we got the 16 Amendment, the Income Tax, the Federal Reserve and its collection wing, the IRS.

 

[Luckyone]

That was a non explanation.

I am not an economist and I cannot give you exact details of the basics of this.

I do have some general knowledge of how it all works, meaning that raising tariffs makes things more expensive for the purchasers of the products. In addition, if you do not institute incentives that ameliorate the increased costs of the products, it creates less income for the American companies. It generates less jobs, which in turns means less supply of the products, which causes even more inflation in the long term

These are basics. I cannot give you specifics. Nonetheless and since Trump thinks he knows everything and won't listen to anyone, and the reality being that he really does not know what he thinks be knows, and won't learn or adjust, that makes everything bad worse.

 

[Independent thinker]

Trump raised Tariffs on China in 2017 and for the past 4 years, he has stated that if reelected he would raise tariffs on China even more (60% or more). He reinforced that view recently in August, 2024.

Economists across the board have stated that such a tariff increase would make inflation soar. Nonetheless, Trumpers have pooh-poohed those predictions as being biased against Trump.

Well, here is one predictor that we ALL know and mostly respect, for the simple reason that we all shop there as it is a company that generally offers the lowest prices for products, meaning that if anyone knows about pricing of products, this company knows:

Do you now believe and understand that what Trump has promised to do, will make our lives more difficult without accomplishing much benefit?

It also needs to be clearly understood that if Trump by any chance changes his mind, it will mean a promise that he made 8 years ago (and he did keep) and has made it again for this term, will become a broken promise. Is Trump's caring for Americans greater than the pride/ego for himself? I don't think so.

If he doesn't change his mind (most likely scenario), we all (including his supporters) will suffer the consequences.

What do you prefer he do?

Trump put tariffs on in his first presidency and prices didn't rise.

 

[ZestolPastilevsky]

No, supply waned and demand increased, all due to the pandemic, meaning inflation was real

Now, low cost supply will wane but demand will not decrease, so inflation will be the end result.

Sure, I concede that's how it should play out, at least on paper. However the economy is human driven, and in the same way that during Trump's last presidency prices didn't go up despite trade wars, it's entirely possible that prices will defy conventional wisdom again.

 

[Luckyone]

Trump put tariffs on in his first presidency and prices didn't rise.

I am not conversing with you. You have yet to show enough brains or even be open for data, statistics and fact, to make it worth responding to your posts