Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

[Wingman68]

Big fat NYC Con Game. Thank God I watched that stupid show.

Every reality show is a con game, I don’t think that watching one is one of the things you should thank God for. More reverence, please.

 

[Earth Wind and Fire]

Every reality show is a con game, I don’t think that watching one is one of the things you should thank God for. More reverence, please.

Correction: thank God I never watched that stupid show.

 

[GoodTidings]

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is real picture of the flim-flam man. He's a complete fake. The people of NYC and NJ know that. They saw him in action.

This is old news that was covered in his book. We have already been over this. Entrepreneurs win some and they lose some. They lose money and they often lose a lot of it. Not every business venture strikes gold. Not only that, but the businesses fail for a variety of reasons, not necessarily because the owner doesn't know how to run them.

There is nothing fake about Trump. Most politicians try to hide their flaws. Trump doesn't. He isn't an angel and doesn't try to whitewash himself. He doesn't pretend to be virtuous. He simply does what he was elected to do. And despite the media's best efforts, his popularity is going up, not down. The media and the DC beltway have done all they can do to discredit him and it isn't working. Their lies and conspiracies are not panning out and now the tables are turned on them.

Before he was elected president, he was beloved by all of the people who hate him now, whether its the politicians in DC that were always hitting him for donations or the entertainment establishment. He was invited to their parties and they went to his parties. It was only when he got in the way of the globalist agenda and the utopian police state vision that the radical left envisioned that he became so hated.

 

[Wingman68]

John 15:18-19 - NIV Bible - “If the world hates you, keep in mind that it...

 

[FollowTheWay]

This is old news that was covered in his book. We have already been over this. Entrepreneurs win some and they lose some. They lose money and they often lose a lot of it. Not every business venture strikes gold. Not only that, but the businesses fail for a variety of reasons, not necessarily because the owner doesn't know how to run them.

There is nothing fake about Trump. Most politicians try to hide their flaws. Trump doesn't. He isn't an angel and doesn't try to whitewash himself. He doesn't pretend to be virtuous. He simply does what he was elected to do. And despite the media's best efforts, his popularity is going up, not down. The media and the DC beltway have done all they can do to discredit him and it isn't working. Their lies and conspiracies are not panning out and now the tables are turned on them.

Before he was elected president, he was beloved by all of the people who hate him now, whether its the politicians in DC that were always hitting him for donations or the entertainment establishment. He was invited to their parties and they went to his parties. It was only when he got in the way of the globalist agenda and the utopian police state vision that the radical left envisioned that he became so hated.

The people of NYC knew that Trump was a fake and a charlatan and never supported him. Most other people in the U.S. didn't know much about his background. They only knew about his act on TV.

 

[HankD]

This is old news that was covered in his book. We have already been over this. Entrepreneurs win some and they lose some. They lose money and they often lose a lot of it. Not every business venture strikes gold. Not only that, but the businesses fail for a variety of reasons, not necessarily because the owner doesn't know how to run them.

There is nothing fake about Trump. Most politicians try to hide their flaws. Trump doesn't. He isn't an angel and doesn't try to whitewash himself. He doesn't pretend to be virtuous. He simply does what he was elected to do. And despite the media's best efforts, his popularity is going up, not down. The media and the DC beltway have done all they can do to discredit him and it isn't working. Their lies and conspiracies are not panning out and now the tables are turned on them.

Before he was elected president, he was beloved by all of the people who hate him now, whether its the politicians in DC that were always hitting him for donations or the entertainment establishment. He was invited to their parties and they went to his parties. It was only when he got in the way of the globalist agenda and the utopian police state vision that the radical left envisioned that he became so hated.

The left seems totally unaware of the fact that the more they attempt to dump on President Trump the more of a folk hero they make of him.

They have made him into a 21st century Robin Hood with several powerless figures attempting the role of the Sheriff of Nottingham - Schiff now Nadler.

The same dynamic was at work when the RNC tried to tar and feather President Clinton.

 

[GoodTidings]

The people of NYC knew that Trump was a fake and a charlatan and never supported him. Most other people in the U.S. didn't know much about his background. They only knew about his act on TV.

That is not true. Trump was not at all disliked by the media or the political establishment. I am not saying he had no enemies, but as a general rule, Trump was liked by the very people who are attacking him today. He is falsely accused of being a racist, or misogynist or an Islamophobe because right now, in the political climate the Left has created, those terms are their all purpose weapons to shut down honest political discourse.

Trump isn't perfect and I cannot defend everything he says and does. I support him, but I don't support him uncritically. I am not some who thinks that he does no wrong, but even with his flaws, he does not deserve the irrational, blind hatred and false accusations leveled against him. Legitimate criticism is one thing, but the Left is lobbing a lot of unfair and untrue accusations, not to mention calling for his family and the members of his cabinet to be harassed in public.

If he was such a racist, why didn't those who knew about it call him out on it during all those years they were schmoozing with him at parties and on the golf course? Why if the all these people up in NYC know what he was really like, didn't they expose it publicly? They didn't. If they had, we would have seen footage of it during his campaign as part of the Left's opposition research. Why didn't their moral compass exist before he announced his presidential run?

The truth is that all of the stuff you are parroting about Trump was completely fabricated by his enemies to smear him, not because he had actually done any of those things. Trump was not a private person; he was very public in just about everything he did and said. He lives his life in the public eye an always has. So this notion that the rest of us were in the dark about who he is, is really not true. Again, we saw the divorce scandals and heard about the infidelity and we heard the profanity and stuff. All of those things, all his short comings were already baked into our understanding of who we were voting for. The alternative was a woman who would turned America into a soviet-style police state. And she would have done even more damage to the economy that Obama did.

 

[HankD]

That is not true. Trump was not at all disliked by the media or the political establishment. I am not saying he had no enemies, but as a general rule, Trump was liked by the very people who are attacking him today. He is falsely accused of being a racist, or misogynist or an Islamophobe because right now, in the political climate the Left has created, those terms are their all purpose weapons to shut down honest political discourse.

 

[FollowTheWay]

The left seems totally unaware of the fact that the more they attempt to dump on President Trump the more of a folk hero they make of him.

They have made him into a 21st century Robin Hood with several powerless figures attempting the role of the Sheriff of Nottingham - Schiff now Nadler.

The same dynamic was at work when the RNC tried to tar and feather President Clinton.

This "Robin Hood" steals from the poor to give to the rich. Somehow the middle class in America doesn't see through his smoke screen and understand that.

 

[FollowTheWay]

That is not true. Trump was not at all disliked by the media or the political establishment. I am not saying he had no enemies, but as a general rule, Trump was liked by the very people who are attacking him today. He is falsely accused of being a racist, or misogynist or an Islamophobe because right now, in the political climate the Left has created, those terms are their all purpose weapons to shut down honest political discourse.

Trump isn't perfect and I cannot defend everything he says and does. I support him, but I don't support him uncritically. I am not some who thinks that he does no wrong, but even with his flaws, he does not deserve the irrational, blind hatred and false accusations leveled against him. Legitimate criticism is one thing, but the Left is lobbing a lot of unfair and untrue accusations, not to mention calling for his family and the members of his cabinet to be harassed in public.

If he was such a racist, why didn't those who knew about it call him out on it during all those years they were schmoozing with him at parties and on the golf course? Why if the all these people up in NYC know what he was really like, didn't they expose it publicly? They didn't. If they had, we would have seen footage of it during his campaign as part of the Left's opposition research. Why didn't their moral compass exist before he announced his presidential run?

The truth is that all of the stuff you are parroting about Trump was completely fabricated by his enemies to smear him, not because he had actually done any of those things. Trump was not a private person; he was very public in just about everything he did and said. He lives his life in the public eye an always has. So this notion that the rest of us were in the dark about who he is, is really not true. Again, we saw the divorce scandals and heard about the infidelity and we heard the profanity and stuff. All of those things, all his short comings were already baked into our understanding of who we were voting for. The alternative was a woman who would turned America into a soviet-style police state. And she would have done even more damage to the economy that Obama did.

Donald Trump in New York: Deep Roots, but Little Influence

Donald Trump in New York: Deep Roots, but Little Influence
Feb. 23, 2016

Mr. Trump has embraced his roots as a New Yorker as being crucial to his presidential bid, and in so doing, the Republican candidate has given the impression as he crossed the country that he is a force to reckon with in the city of his birth.

But while Trump remains a visible brand name around the city’s five boroughs, it is much harder to discern his imprint as a classic power broker, someone who is feared and can make things happen with a phone call or a quiet aside with the right person at the right time.

His real estate holdings in New York are modest; he did not make the top 10 in lists of major condominium developers and power players in real estate in the city, as judged by several publications. He does not belong to trade groups like the Real Estate Board of New York or the Association for a Better New York. He rarely interacts with top politicians or government officials, or contributes to campaigns. Discussions about a bid for governor in 2014 never got off the ground.

The major banks, for their part, say they are leery of lending to him after having lost millions of dollars on past deals. Lawyers and contractors he has hired in the past say he is slow to pay his bills, and often shortchanges them. Even the few Wall Street executives who say privately that he is a friend are loath to speak publicly about him.

One contractor, who spoke on the condition of anonymity for fear of being sued by Mr. Trump, said Mr. Trump underpaid on one large job, at one of his towers, by almost $100,000. The contractor opted not to sue, estimating the litigation would cost more than the losses. The two parties have not done business since.

The Trump name was once closely associated with the muscular Brooklyn Democratic machine that, in its heyday, catapulted numerous officials to City Hall and Albany.

Mr. Trump’s father, Fred C. Trump, established himself as a major developer of mid rise apartment complexes for middle-class families, especially for World War II veterans, in Brooklyn, in Queens and on Staten Island.

Business executives and hedge fund managers who piece together multimillion-dollar deals say Mr. Trump is not on their radar.

“He is not known in my industry,” said Stanley Druckenmiller, a billionaire financier who is backing Gov. John Kasich of Ohio in the Republican presidential race. “I’ve never met the man.”

 

[GoodTidings]

This "Robin Hood" steals from the poor to give to the rich. Somehow the middle class in America doesn't see through his smoke screen and understand that.

That is not true.

Wages for middle class workers have gone up, unemployment is at the lowest rates since 60s. In the case of many minorities and women, unemployment is the lowest ever in the history of the US. Middle class workers have started more 401Ks and have received substantial bonuses and pay raises. Not only that but they paid less in taxes last year and due to Trump's economic policies, middle class individuals have better retirement benefits and even lower utility bills.

So you need to stop listening the Left's false narratives and baseless claims. They don't know what they are talking about.

 

[GoodTidings]

Donald Trump in New York: Deep Roots, but Little Influence

Donald Trump in New York: Deep Roots, but Little Influence
Feb. 23, 2016

Mr. Trump has embraced his roots as a New Yorker as being crucial to his presidential bid, and in so doing, the Republican candidate has given the impression as he crossed the country that he is a force to reckon with in the city of his birth.

But while Trump remains a visible brand name around the city’s five boroughs, it is much harder to discern his imprint as a classic power broker, someone who is feared and can make things happen with a phone call or a quiet aside with the right person at the right time.

His real estate holdings in New York are modest; he did not make the top 10 in lists of major condominium developers and power players in real estate in the city, as judged by several publications. He does not belong to trade groups like the Real Estate Board of New York or the Association for a Better New York. He rarely interacts with top politicians or government officials, or contributes to campaigns. Discussions about a bid for governor in 2014 never got off the ground.

The major banks, for their part, say they are leery of lending to him after having lost millions of dollars on past deals. Lawyers and contractors he has hired in the past say he is slow to pay his bills, and often shortchanges them. Even the few Wall Street executives who say privately that he is a friend are loath to speak publicly about him.

One contractor, who spoke on the condition of anonymity for fear of being sued by Mr. Trump, said Mr. Trump underpaid on one large job, at one of his towers, by almost $100,000. The contractor opted not to sue, estimating the litigation would cost more than the losses. The two parties have not done business since.

The Trump name was once closely associated with the muscular Brooklyn Democratic machine that, in its heyday, catapulted numerous officials to City Hall and Albany.

Mr. Trump’s father, Fred C. Trump, established himself as a major developer of mid rise apartment complexes for middle-class families, especially for World War II veterans, in Brooklyn, in Queens and on Staten Island.

Business executives and hedge fund managers who piece together multimillion-dollar deals say Mr. Trump is not on their radar.

“He is not known in my industry,” said Stanley Druckenmiller, a billionaire financier who is backing Gov. John Kasich of Ohio in the Republican presidential race. “I’ve never met the man.”

To be truthful, there asre so many people who have lied about Trump in the past, who have distorted his record in order to make him appear racist or anti-Semitic and a host of other kinds of derogatory things, I really don't trust articles like this to tell the truth, when it appear that the sole purpose is join a smear campaign.

 

[HankD]

This "Robin Hood" steals from the poor to give to the rich. Somehow the middle class in America doesn't see through his smoke screen and understand that.

OH Yeah, that's why impoverished people from EVERYWHERE ON EARTH risk EVERYTHING to get across our borders so that President Trump can rob what little they have left to give to the rich.

And then after ALL their needs are attended to, they send for their families to share the welfare, food stamps, medicine, education of their children, staying here permanently as President Trump continues to rob them.

 

[HankD]

To be forthright my heart is warmed when I see these impoverished people receive the needs of their bodies even though they have committed a crime to get here.

My heart is warmed but my brain is chilled knowing this is bad for our economy.

I contribute regularly to organizations like World Vision to supply food, clothing, medicine, etc to these impoverished people and if we all did I believe there would be far less immigration problems.

If you are a progressive and you don't GIVE IMO you should BE QUIET,

My mind is angered knowing that we could help these nations which are being robbed by their socialist demon leadership who are protected by "democratic" socialists here among us Who do nothing but gaslight the rest of us DEPLORABLES projecting their guilt upon us.

 

[Adonia]

Donald Trump in New York: Deep Roots, but Little Influence

Donald Trump in New York: Deep Roots, but Little Influence
Feb. 23, 2016

Mr. Trump has embraced his roots as a New Yorker as being crucial to his presidential bid, and in so doing, the Republican candidate has given the impression as he crossed the country that he is a force to reckon with in the city of his birth.

But while Trump remains a visible brand name around the city’s five boroughs, it is much harder to discern his imprint as a classic power broker, someone who is feared and can make things happen with a phone call or a quiet aside with the right person at the right time.

His real estate holdings in New York are modest; he did not make the top 10 in lists of major condominium developers and power players in real estate in the city, as judged by several publications. He does not belong to trade groups like the Real Estate Board of New York or the Association for a Better New York. He rarely interacts with top politicians or government officials, or contributes to campaigns. Discussions about a bid for governor in 2014 never got off the ground.

The major banks, for their part, say they are leery of lending to him after having lost millions of dollars on past deals. Lawyers and contractors he has hired in the past say he is slow to pay his bills, and often shortchanges them. Even the few Wall Street executives who say privately that he is a friend are loath to speak publicly about him.

One contractor, who spoke on the condition of anonymity for fear of being sued by Mr. Trump, said Mr. Trump underpaid on one large job, at one of his towers, by almost $100,000. The contractor opted not to sue, estimating the litigation would cost more than the losses. The two parties have not done business since.

The Trump name was once closely associated with the muscular Brooklyn Democratic machine that, in its heyday, catapulted numerous officials to City Hall and Albany.

Mr. Trump’s father, Fred C. Trump, established himself as a major developer of mid rise apartment complexes for middle-class families, especially for World War II veterans, in Brooklyn, in Queens and on Staten Island.

Business executives and hedge fund managers who piece together multimillion-dollar deals say Mr. Trump is not on their radar.

“He is not known in my industry,” said Stanley Druckenmiller, a billionaire financier who is backing Gov. John Kasich of Ohio in the Republican presidential race. “I’ve never met the man.”

Please cite your source for this stuff.

 

[Adonia]

If he was such a racist, why didn't those who knew about it call him out on it during all those years they were schmoozing with him at parties and on the golf course?

I think he got an NAACP award one year, plus he was buddies with Jesse Jackson.

 

[GoodTidings]

I think he got an NAACP award one year, plus he was buddies with Jesse Jackson.

Yes and when he took over Mara Lago, his was the first golf/country club in that area to allow African-Americans to join.

 

[FollowTheWay]

A complete fake? The man has done rather well for himself I think, especially when it comes to money. Hotel magnate, master builder, television star, and author are just a few of his many talents. And he won't be needing his Social Security check to survive like you and me either that's for sure. Oh, and he is also the PRESIDENT OF THE UNITED STATES the last time I heard.

This is really old news, an attempt by the leftist NYT's to pile on the man. But tell me, in all your life have you never had any bad things concerning your finances happen to you? It's called "entrepreneurship" and that means taking risks to achieve success and not all ventures work out.

The tax laws of this nation which are supported by many Democrats exist for the purpose of writing off of business losses so people like Mr. Trump can ultimately stay in business and continue giving employment to others. Mr. Trump has employed thousands of people through the years, quite unlike people like Biden or Clinton who have hooked onto government for their financial survival.

I simply don't think that a man who gets started through the wealth of his father and then loses a billion dollars and goes bankrupt six times is to be regarded as a masterful businessman. Warren Buffet is a great investor and businessman. From what I've seen about Trump he is not.

 

[GoodTidings]

I simply don't think that a man who gets started through the wealth of his father and then loses a billion dollars and goes bankrupt six times is to be regarded as a masterful businessman. Warren Buffet is a great investor and businessman. From what I've seen about Trump he is not.

Businesses fail for a variety of reasons and even Warren Buffet has had failures. Not every business venture pays off. And that is why there is a law that allows those in business, especially those like Buffet, Cuban, Trump, et. al., to write off losses, just as Trump has done.

It doesn't appear that you know anything about Trump except what you see in anti-Trump talking points. He didn't get to be a billionaire by being a complete failure. Only about 1/3 of Trump's ventures failed. In the business world, that's a good track record. Entrepreneurs fail more than they succeed as a general rule.

You are holding Trump to a standard that other entrepreneurs are not held to. If everything Trump touches doesn't turn to gold, you hold him up as a failure.

What if we held YOU to the same standard you hold Trump to? How about we define YOU by your shortcomings, and failures in life? Why don't we judge the kind of person you are by every mistake you made and conveniently ignore all of the good things you have done, and all of the successes you have had? We will ignore the good things your friends say about you. We will look at you through lens of what is wrong with you and ignore what's right about you. Would that be fair? Are you willing to be judged by same standard you apply to President Trump?

 

[FollowTheWay]

That is not true.

Wages for middle class workers have gone up, unemployment is at the lowest rates since 60s. In the case of many minorities and women, unemployment is the lowest ever in the history of the US. Middle class workers have started more 401Ks and have received substantial bonuses and pay raises. Not only that but they paid less in taxes last year and due to Trump's economic policies, middle class individuals have better retirement benefits and even lower utility bills.

So you need to stop listening the Left's false narratives and baseless claims. They don't know what they are talking about.

Obama pulled us out of the near-depression created by GW Bush and then started the recovery. GTrump has simply ridden Obama's success forward. Show me the large impact Trump has had.


The real message from this chart is that in real (inflation-adjusted) terms middle class weekly wages are actually LESS than they were in 1972. In the same period of time the wealth of the ultra-rich (top 0.1%) has tripled. That's really what I mean by stealing from the poor to give to the rich.