President Trump's tax returns.

[lustylad]

Originally Posted by Cap'n Crunch

My comment is self-explanatory unless you are a vacuous twit.

Hahaha... when you're losing, just say your argument is "self-explanatory" and start name-calling! Loser!

It is highly unlikely Donald Trump would be a billionaire if he had been unable to declare multiple bankruptcies. These multiple safety nets kept him from being sued from here to Kingdom Come.

Seriously, are you so dense as to not understand this?

Try making sense for a change. If someone starts 30 businesses, of which 27 are profitable and 3 fail, where does his wealth come from? The 3 failed companies? How does liquidating a losing venture in bankruptcy make anyone (other than bankruptcy attorneys) rich?

Seriously, are you so dense you can't understand this?

[SpeedRacerXXX]

Originally Posted by lustylad

So if someone inherits a modestly successful family business and turns it into a billion-dollar empire, he deserves no credit. But if someone fritters away his family wealth and drives his inherited business into the ground, you would applaud?

Over the years I have noticed how people tend to react to the success of others in one of two ways. Losers like crunchyass are jealous and envious and can always be counted on to snipe and badmouth in every way possible. Winners look at successful people and try to copy and emulate their habits of success. We need more of the latter. Fuck the naysayers.

The point is no one knows how much Trump inherited, how often he was bailed out by his father, or how much he is worth today. Estimates vary to the extreme. I read one report that speculated that had Trump simply invested his inherited money in passive income producing investments he would be better off financially than he currently is. True or false? I don't know.

Trump works hard. He makes money. Most of us can't copy and emulate his habits because we don't inherit millions with which to start us off. What I will say is that I admire people like Bill Gates, Warren Buffet, and Michael Dell who have used their money to help others in this country and around the world more than Donald Trump who has given a pittance of his money to help those less fortunate than himself.

https://www.forbes.com/top-givers/#1b2b090166ff

[Cap'n Crunch]

Originally Posted by SpeedRacerXXX

What I will say is that I admire people like Bill Gates, Warren Buffet, and Michael Dell who have used their money to help others in this country and around the world more than Donald Trump who has given a pittance of his money to help those less fortunate than himself.

https://www.forbes.com/top-givers/#1b2b090166ff

Bravo!

lustyturd is not mentally or morally capable of recognizing the difference between people like Gates, Buffet, Dell and Donald Trump.

[Cap'n Crunch]

Originally Posted by Cap'n Crunch

My comment is self-explanatory unless you are a vacuous twit (lustyturd)

It is highly unlikely Donald Trump would be a billionaire if he had been unable to declare multiple bankruptcies. These multiple safety nets kept him from being sued from here to Kingdom Come.

Seriously, (lustyturd,) are you so dense as to not understand this?

OK, lustyturd, I will explain in another way since you ride the short bus:

If it was 1991 and if there was no such thing as bankruptcy protection, Trump would have owed more than his net-worth. People would then sue him for every last penny. Had it not been for bankruptcy laws and other laws that allowed him to shield whatever wealth he had left, Trump would have been completely broke. I find it hard to believe Trump would have then turned zero dollars into billions. Trump kept his wealth and was able to rebound because of bankruptcy protection.

Simply put (for simpletons like lustyturd), bankruptcy protection does not make you rich. Bankruptcy protection keeps you from going broke. Do you finally understand, or are you still lost? Are you still stuck on an endless idiot loop of "duh, how does going bankrupt make you rich?" (lustyturd> )

Its funny and ironic: The more you post, lustyturd, the more you prove to be the mental equivalent of a 5th grader. It is no wonder you and Trump are a perfect match.

[lustylad]

Originally Posted by SpeedRacerXXX

The point is no one knows how much Trump inherited, how often he was bailed out by his father, or how much he is worth today. Estimates vary to the extreme. I read one report that speculated that had Trump simply invested his inherited money in passive income producing investments he would be better off financially than he currently is. True or false? I don't know.

Trump works hard. He makes money. Most of us can't copy and emulate his habits because we don't inherit millions with which to start us off. What I will say is that I admire people like Bill Gates, Warren Buffet, and Michael Dell who have used their money to help others in this country and around the world more than Donald Trump who has given a pittance of his money to help those less fortunate than himself.

There is no question Trump is worth vastly more than his father ever was. He didn't fritter it away like so many spoiled rich kids do – instead, he took his family wealth and multiplied it. He ignored his father's advice to stay out of the jungle of Manhattan real estate. I'm not asking anyone to admire him, just stop denigrating his success and put his career into proper, non-partisan perspective. Yeah I know, he hypes and exaggerates his accomplishments and net worth (real estate is highly cyclical). But his detractors are far worse in denying he deserves ANY credit. Just look at this thread – one idiot loser insists (with a straight face) the only reason Trump became rich is because he declared multiple bankruptcies and didn't pay his bills!

It's not that hard to estimate how much he is worth today. Forbes does it all the time, without seeing everyone's private tax returns. Most of Trump's property investments are known. Just figure out how much equity he owns in each, based on current appraisals, and add them up. Claiming he could have done just as well by investing his wealth in an S&P index fund is nonsense. Such comparisons can be easily manipulated by cherry-picking the start date, plus they compare apples and oranges – liquid versus illiquid investments, pre-tax versus after-tax returns, etc.

Most successful people have glaring personal strengths AND weaknesses. Nobody needs to emulate the flaws, just the good habits, the ones that generate success. Of course I know not everyone inherits millions, but funding is only one component of success. There are many sources of seed capital for anyone who is creative, enterprising and hard-working. Ever watch Shark Tank?

Criticizing Trump for not being as good at philanthropy as his peers is completely legitimate. However, that makes him a bad philanthropist, not a lousy businessman. You need to have the skills to earn money in the first place, before you can give it away. What irks me is reading so many reflexively negative, anti-business comments by snarky, ignorant assholes who don't know or care how dumb they look. Trump is a “target-rich environment” - yet they are always way OFF-TARGET in criticizing him!

[Cap'n Crunch]

Originally Posted by lustylad

There is no question Trump is worth vastly more than his father ever was.

Well, yeah, there is question...

Trump's father was worth 200 million in 1974. Translated to today's dollars, that's over 1 Billion dollars. Being as Trump is afraid to show his tax returns, one cannot say for sure what he is truly worth, but it's certainly possible Trump's wealth is similar to what his father's was. People have estimated his worth at 2.9 B. He could have made more by simply investing Daddy's money in the S&P 500.

"Had (Donald Trump) invested his eventual share of his father’s real-estate company into a mutual fund of S&P 500 stocks in 1974, it would be worth nearly $3 billion today, thanks to the market’s performance over the past four decades. If he’d invested the $200 million that Forbes magazine determined he was worth in 1982 into that index fund, it would have grown to more than $8 billion today."

https://www.nationaljournal.com/s/54...-doing-nothing

[Cap'n Crunch]

Originally Posted by Cap'n Crunch

Simply put (for simpletons like lustyturd), bankruptcy protection does not make you rich. Bankruptcy protection keeps you from going broke. Do you finally understand, or are you still lost? Are you still stuck on an endless idiot loop of "duh, how does going bankrupt make you rich?" (lustyturd> )

Originally Posted by lustylad

Just look at this thread – one idiot loser insists (with a straight face) the only reason Trump became rich is because he declared multiple bankruptcies and didn't pay his bills!

LMFAO! lustyturd is stuck in an idiot loop! He can't even comprehend the simplest of premises! Thank you turd, for making it so easy to hand you your ass!

Time after time after time after time!

[Austin Ellen]

Wow, so now you are criticizing Trump for not giving enough money to charity?? And I don't care how much he inherited - he invested it - he made money - all I can say is he knows what he's doing. And some people who inherit money just waste it - not so with Trump. *sigh* - the old saying about how everyone is a critic is so true.

Originally Posted by SpeedRacerXXX

The point is no one knows how much Trump inherited, how often he was bailed out by his father, or how much he is worth today. Estimates vary to the extreme. I read one report that speculated that had Trump simply invested his inherited money in passive income producing investments he would be better off financially than he currently is. True or false? I don't know.

Trump works hard. He makes money. Most of us can't copy and emulate his habits because we don't inherit millions with which to start us off. What I will say is that I admire people like Bill Gates, Warren Buffet, and Michael Dell who have used their money to help others in this country and around the world more than Donald Trump who has given a pittance of his money to help those less fortunate than himself.

https://www.forbes.com/top-givers/#1b2b090166ff

[Milly23]

Originally Posted by Austin Ellen

Wow, so now you are criticizing Trump for not giving enough money to charity?? And I don't care how much he inherited - he invested it - he made money - all I can say is he knows what he's doing. And some people who inherit money just waste it - not so with Trump. *sigh* - the old saying about how everyone is a critic is so true.

I don't care about the inherited money or how much he is worth. Maybe he could have made more money not doing anything. Maybe a small 14 million dollar loan isn't much in the grand scheme. I just hate this notion that Trump is a great businessman and he will run this country like he ran his company. Trump is not a great businessman. He is a great salesman. He's not investing his own money. He has an stock broker for that. He's not building all those hotels with his name on it, nor does he own them many times. What he does is he loans his name out for builders. They build condos, hotels, etc. and put his name on it. That's definitely savvy marketing but that's not being a businessman. Trump has some good real estate holdings but we aren't calling him a great real estate guy. We call him the businessman. If you at the times he's tried to step out of selling his name to people, he's failed. He failed in casinos, he failed with steaks (which the brilliant business man sold at Sharper Image), with ties, with Trump University, he's failed with Trump vodka (outside of Israel and that's on hold), etc. He's not this great businessman and guess what, the country isn't a company. It can't be ran like a company. Which he is finding out every day. There's a reason that people who do well as president have served in the military or held public office. They know certain things like diplomacy, maybe how the federal budget works. Things that a person running a company doesn't really think about. In your company, you can just hire put your daughter on the board, when running the country, putting your daughter on your staff to be your eyes and ears is unethical. When running a company, you can tweet crazy things and it can tank your stock. When running the country, your crazy tweets loses us allies, their intelligence sharing, credibility, and so much more. At some point Trump, his supporters, and even Democrats are going to have to stop with the campaign mentality of you hate Trump because he won and you support Trump because you're horrible. The country is split and Trump has to start representing all Americans not just his voters.

[SpeedRacerXXX]

Originally Posted by Austin Ellen

Wow, so now you are criticizing Trump for not giving enough money to charity?? And I don't care how much he inherited - he invested it - he made money - all I can say is he knows what he's doing. And some people who inherit money just waste it - not so with Trump. *sigh* - the old saying about how everyone is a critic is so true.

Yes I am criticizing Donald Trump for not being more of a philanthropist. When he tells everyone how he is for the poor yet does nothing, or very little, for them out of his own pocket, he is deceiving people like you who worship him. Lot of talk, little action.

[SpeedRacerXXX]

Originally Posted by lustylad

There is no question Trump is worth vastly more than his father ever was. He didn't fritter it away like so many spoiled rich kids do – instead, he took his family wealth and multiplied it. He ignored his father's advice to stay out of the jungle of Manhattan real estate. I'm not asking anyone to admire him, just stop denigrating his success and put his career into proper, non-partisan perspective. Yeah I know, he hypes and exaggerates his accomplishments and net worth (real estate is highly cyclical). But his detractors are far worse in denying he deserves ANY credit. Just look at this thread – one idiot loser insists (with a straight face) the only reason Trump became rich is because he declared multiple bankruptcies and didn't pay his bills!

It's not that hard to estimate how much he is worth today. Forbes does it all the time, without seeing everyone's private tax returns. Most of Trump's property investments are known. Just figure out how much equity he owns in each, based on current appraisals, and add them up. Claiming he could have done just as well by investing his wealth in an S&P index fund is nonsense. Such comparisons can be easily manipulated by cherry-picking the start date, plus they compare apples and oranges – liquid versus illiquid investments, pre-tax versus after-tax returns, etc.

Most successful people have glaring personal strengths AND weaknesses. Nobody needs to emulate the flaws, just the good habits, the ones that generate success. Of course I know not everyone inherits millions, but funding is only one component of success. There are many sources of seed capital for anyone who is creative, enterprising and hard-working. Ever watch Shark Tank?

Criticizing Trump for not being as good at philanthropy as his peers is completely legitimate. However, that makes him a bad philanthropist, not a lousy businessman. You need to have the skills to earn money in the first place, before you can give it away. What irks me is reading so many reflexively negative, anti-business comments by snarky, ignorant assholes who don't know or care how dumb they look. Trump is a “target-rich environment” - yet they are always way OFF-TARGET in criticizing him!

According to Forbes, Donald Trump is worth $3.5 billion. Down $1 billion in one year. He dropped 220 places on the Forbes billionaire list in the last year mainly due to the softening of the real estate market in NYC. I am not one who has criticized him for his business acumen. He obviously does some things very well in the business world.

While Donald Trump has always been viewed with a certain level of negativity, long before his Presidential campaign, people like Bill Gates, Warren Buffet, and Jeff Bezos seem to have succeeded to a greater degree than Trump without all the negativity.

I remember reading a long time ago (1990) that Donald Trump had a financial advisor fired because he predicted that the Taj Mahal casino in Atlantic City might fail based on his financial data. This is Donald Trump in action in my opinion. Agree with him or be fired. I googled the firing.

http://www.npr.org/2016/10/10/497087...-took-on-trump

[Austin Ellen]

I don't worship him but I support him. He is the President.
And as far as action - he hasn't even been in office 6 months and everyone's a critic.

Originally Posted by SpeedRacerXXX

Yes I am criticizing Donald Trump for not being more of a philanthropist. When he tells everyone how he is for the poor yet does nothing, or very little, for them out of his own pocket, he is deceiving people like you who worship him. Lot of talk, little action.

[Austin Ellen]

Milly it would be wonderful if a President could be for all Americans. But that is not realistic. Obama wasn't for me. He shoved that health care down my throat and I had to pay a fine for not having insurance because the fine was cheaper than the premium. So yeah, Obama did not do anything for me. At all.

Originally Posted by Milly23

I don't care about the inherited money or how much he is worth. Maybe he could have made more money not doing anything. Maybe a small 14 million dollar loan isn't much in the grand scheme. I just hate this notion that Trump is a great businessman and he will run this country like he ran his company. Trump is not a great businessman. He is a great salesman. He's not investing his own money. He has an stock broker for that. He's not building all those hotels with his name on it, nor does he own them many times. What he does is he loans his name out for builders. They build condos, hotels, etc. and put his name on it. That's definitely savvy marketing but that's not being a businessman. Trump has some good real estate holdings but we aren't calling him a great real estate guy. We call him the businessman. If you at the times he's tried to step out of selling his name to people, he's failed. He failed in casinos, he failed with steaks (which the brilliant business man sold at Sharper Image), with ties, with Trump University, he's failed with Trump vodka (outside of Israel and that's on hold), etc. He's not this great businessman and guess what, the country isn't a company. It can't be ran like a company. Which he is finding out every day. There's a reason that people who do well as president have served in the military or held public office. They know certain things like diplomacy, maybe how the federal budget works. Things that a person running a company doesn't really think about. In your company, you can just hire put your daughter on the board, when running the country, putting your daughter on your staff to be your eyes and ears is unethical. When running a company, you can tweet crazy things and it can tank your stock. When running the country, your crazy tweets loses us allies, their intelligence sharing, credibility, and so much more. At some point Trump, his supporters, and even Democrats are going to have to stop with the campaign mentality of you hate Trump because he won and you support Trump because you're horrible. The country is split and Trump has to start representing all Americans not just his voters.

[Cap'n Crunch]

Originally Posted by Austin Ellen

Milly it would be wonderful if a President could be for all Americans. But that is not realistic. Obama wasn't for me. He shoved that health care down my throat and I had to pay a fine for not having insurance because the fine was cheaper than the premium. So yeah, Obama did not do anything for me. At all.

Just a couple small examples (though there are plenty): Do you think that when Obama supported efforts to protect the environment, he was doing this only for Democrats? Or was he doing this for the benefit of ALL Americans?

When Obama tried to get the filthy rich to pay more in taxes so that the middle class could prosper, was he doing this only to benefit Democrats? And, would you Austin Ellen, have benefited from such a tax change?

[Milly23]

Originally Posted by Austin Ellen

Milly it would be wonderful if a President could be for all Americans. But that is not realistic. Obama wasn't for me. He shoved that health care down my throat and I had to pay a fine for not having insurance because the fine was cheaper than the premium. So yeah, Obama did not do anything for me. At all.

Ellen I think you are taking that too literal. When you say all Americans, that means all people. Blacks, Hispanics, other minorities, poor, middle income, etc. No president will make every person happy. But they should try to help all Americans. Yeah you didn't like insurance but that saved a lot of people. Trump hasn't done anything or proposed anything that will help many communities. I can guarantee you that Obama did something for you. Maybe you don't know it but he did, so you can't say things like that. I mean if you want to go there how many African Americans can say that Trump is doing nothing for them and actually hurting them. Oh and again how is that VA coming? Didn't he cancel the planned meeting to discuss it at the golf White House because the head of the department wasn't invited to the meeting? You talk about high premiums, look at the numbers for this next plan. High premiums early on. Trump has admitted that his plan and budget hurts his voters and he's working on it. Seriously, he's only working on helping the rich right now. Not those other communities.