Maybe Trump Did Cheat

originally posted by: Greggers

originally posted by: Indigo5


He borrowed almost 900M...declared bankruptcy and defaulted on paying that back to those investors and banks.

So let me get this straight. He claimed a LOSS on an enormous amount of money that he never actually LOST? As in, due to his bankruptcy, the banks and investors actually lost.

Did the investors and the banks ALSO write this off? I would think they did.

How can a single loss get claimed in its entirety by multiple people?

If that's legal, it's broken as hell.

I'm going off memory with this and paraphrasing while giving the short version.

The law was changed to where investors could not write off losses as secondary investors to a company if it went south.

Thusly, all the investors pulled their monies leaving Trump holding the bag.

Atlantic City was getting not so casino friendly. Lots of others took a bath too.

He filed CH 11 and took the loss.

Doesn't seem like everyone lost but him.

a reply to: burgerbuddy

I would LOVE to see stats on that. I've heard differently.

originally posted by: Phage
a reply to: Teikiatsu

He's on ATS?

He could be. How do we know he isn't?

originally posted by: intrepid
a reply to: Doctor Smith

It's been proven over and over again the "tickle down" or "Reaganomics" only benefit the rich. As this code apparently does as well. You guys say that Trump is "anti-establishment" but he sure seems quite in bed with it.

Do you have a job? How do you get paid? Where does that money come from?

originally posted by: burgerbuddy

originally posted by: Greggers

originally posted by: Indigo5


He borrowed almost 900M...declared bankruptcy and defaulted on paying that back to those investors and banks.

So let me get this straight. He claimed a LOSS on an enormous amount of money that he never actually LOST? As in, due to his bankruptcy, the banks and investors actually lost.

Did the investors and the banks ALSO write this off? I would think they did.

How can a single loss get claimed in its entirety by multiple people?

If that's legal, it's broken as hell.

I'm going off memory with this and paraphrasing while giving the short version.

The law was changed to where investors could not write off losses as secondary investors to a company if it went south.

Thusly, all the investors pulled their monies leaving Trump holding the bag.

Atlantic City was getting not so casino friendly. Lots of others took a bath too.

He filed CH 11 and took the loss.

Doesn't seem like everyone lost but him.

I'm just trying to understand this.

When you said they "left Trump holding the bag," define "the bag."

To me, the bag sounds like "stuff he owes other people."

So, when he declared CH11, whoever he owed got stiffed. Which is all fine and well (that's why bankruptcy exists), but to turn around and allow him to declare money he never paid back... that seems insane.

originally posted by: Teikiatsu

originally posted by: intrepid
a reply to: Doctor Smith

It's been proven over and over again the "tickle down" or "Reaganomics" only benefit the rich. As this code apparently does as well. You guys say that Trump is "anti-establishment" but he sure seems quite in bed with it.

Do you have a job? How do you get paid? Where does that money come from?

Please explain how that in ANY way addresses my post?

originally posted by: intrepid

originally posted by: Doctor Smith

originally posted by: intrepid
a reply to: Doctor Smith

It's been proven over and over again the "tickle down" or "Reaganomics" only benefit the rich. As this code apparently does as well. You guys say that Trump is "anti-establishment" but he sure seems quite in bed with it.

Whether or not you believe in Reaganomics has little to do with Trump. I don't hear Trump pushing Reaganomics. I hear about renegotiating trade deals that are killing us. America first. Simplify the tax system. Reduce corruption. Properly managing our National Debt. Exactly what we need.

Where did you hear this? I hear he has a plan but it's vague to say the least.

As opposed to "Dump tax dollars/debt into infrastructure, Underpants Gnomes, Profit!!"

originally posted by: intrepid

originally posted by: Teikiatsu

originally posted by: intrepid
a reply to: Doctor Smith

It's been proven over and over again the "tickle down" or "Reaganomics" only benefit the rich. As this code apparently does as well. You guys say that Trump is "anti-establishment" but he sure seems quite in bed with it.

Do you have a job? How do you get paid? Where does that money come from?

Please explain how that in ANY way addresses my post?

I will, once you answer my questions.

a reply to: Teikiatsu

Who do you suppose builds infrastructure?

originally posted by: Teikiatsu

originally posted by: intrepid

originally posted by: Teikiatsu

originally posted by: intrepid
a reply to: Doctor Smith

It's been proven over and over again the "tickle down" or "Reaganomics" only benefit the rich. As this code apparently does as well. You guys say that Trump is "anti-establishment" but he sure seems quite in bed with it.

Do you have a job? How do you get paid? Where does that money come from?

Please explain how that in ANY way addresses my post?

I will, once you answer my questions.

Not quite sure how it goes. It might be "I won't play a fool's game." Or could be "I won't play a game with fools." It's cloudy.

originally posted by: intrepid
a reply to: burgerbuddy

I would LOVE to see stats on that. I've heard differently.

Yeah, I was hesitant to write it, usually I have something to back it up and obviously there are other details involved but basically that's what happened.

The law changing is what killed most of AC casino's.
Like many people said, how can ya lose money on a casino?!


I'll look around.

originally posted by: Phage
a reply to: Teikiatsu

Who do you suppose builds infrastructure?

Construction workers.

What is the purpose of infrastructure? Why do we have roads and bridges?

a reply to: Teikiatsu

Yes. Construction companies and workers who get paid to build infrastructure. I wasn't sure what your point was.

What is the purpose of infrastructure? Why do we have roads and bridges?

Oops. Now no idea what your point is.

originally posted by: intrepid

originally posted by: Teikiatsu

originally posted by: intrepid

originally posted by: Teikiatsu

originally posted by: intrepid
a reply to: Doctor Smith

It's been proven over and over again the "tickle down" or "Reaganomics" only benefit the rich. As this code apparently does as well. You guys say that Trump is "anti-establishment" but he sure seems quite in bed with it.

Do you have a job? How do you get paid? Where does that money come from?

Please explain how that in ANY way addresses my post?

I will, once you answer my questions.

Not quite sure how it goes. It might be "I won't play a fool's game." Or could be "I won't play a game with fools." It's cloudy.

This is not a trick question. You don't understand Trickle Down Economics (aka Basic Economics) and I am trying to give you a real world example.

So:

Do you have a job?
How do you get paid?
Where does that money come from?

originally posted by: Greggers

originally posted by: intrepid
What I don't get is the code that allows the rich to be poor businessmen. He loses a billion(in casinos no less). He's credited that billion over 18 years. I'd wager Guiseppie's Pizza doesn't get that perk.

No question. Our tax code needs to be overhauled. This is absolutely ridiculous.

If Trump promised to clean up the tax code (or at least try) by getting rid of these loopholes for the ultra-rich -- and if he enumerated all the loopholes he's taken advantage of over the years and why he thinks they are a scam -- I would at least consider voting for him.

do you think he would do that? overhaul the loopholes that allowed him to live in his literal gilded apartment?

I don't believe he will. I don't even think his supporter believe he will. why do they support him? I just don't get it.

originally posted by: Phage
a reply to: Teikiatsu

Yes. Construction companies and workers who get paid to build infrastructure. I wasn't sure what your point was.

And how do those construction workers get paid?

What is the purpose of infrastructure? Why do we have roads and bridges?

Oops. Now no idea what your point is.

Not a trick question. Why do we have roads and bridges? What are they used for?

originally posted by: Teikiatsu

originally posted by: intrepid

originally posted by: Teikiatsu

originally posted by: intrepid

originally posted by: Teikiatsu

originally posted by: intrepid
a reply to: Doctor Smith

It's been proven over and over again the "tickle down" or "Reaganomics" only benefit the rich. As this code apparently does as well. You guys say that Trump is "anti-establishment" but he sure seems quite in bed with it.

Do you have a job? How do you get paid? Where does that money come from?

Please explain how that in ANY way addresses my post?

I will, once you answer my questions.

Not quite sure how it goes. It might be "I won't play a fool's game." Or could be "I won't play a game with fools." It's cloudy.

This is not a trick question. You don't understand Trickle Down Economics (aka Basic Economics) and I am trying to give you a real world example.

Really? Did you read a book or did you live through it?

So:

Do you have a job?
How do you get paid?
Where does that money come from?

Nope. Where are you coming from?

a reply to: Teikiatsu

And how do those construction workers get paid?

In this case, by government contracts. Taxes.

Not a trick question. Why do we have roads and bridges? What are they used for?

Surf contests?

originally posted by: intrepid

originally posted by: Teikiatsu

originally posted by: intrepid

originally posted by: Teikiatsu

originally posted by: intrepid

originally posted by: Teikiatsu

originally posted by: intrepid
a reply to: Doctor Smith

It's been proven over and over again the "tickle down" or "Reaganomics" only benefit the rich. As this code apparently does as well. You guys say that Trump is "anti-establishment" but he sure seems quite in bed with it.

Do you have a job? How do you get paid? Where does that money come from?

Please explain how that in ANY way addresses my post?

I will, once you answer my questions.

Not quite sure how it goes. It might be "I won't play a fool's game." Or could be "I won't play a game with fools." It's cloudy.

This is not a trick question. You don't understand Trickle Down Economics (aka Basic Economics) and I am trying to give you a real world example.

Really? Did you read a book or did you live through it?

Both.

So:

Do you have a job?
How do you get paid?
Where does that money come from?

Nope. Where are you coming from?

How do you get paid for your labor? Where does that money come from? Does your boss print it? Does it grow on trees?

Seriously. Not a hard question.

originally posted by: Teikiatsu


What is the purpose of infrastructure? Why do we have roads and bridges?

So I can go on vacation?