How Trump stands on....

@joe pockets

But isn't the point to 'legally' make gains for the future? 

Well that depends on if you feels about catastrophically devaluing or appreciating your holdings suit your tax form or loan application to suit your needs legal ? Also with a straight face say that Trumps practices are isolated or common place, I chose to believe for the most part the majority of the 1% wants every nickel in the room with interest!….What did Gordon Gekko say…  Greed is a Good Bud!

I am not sure exactly what your first sentence means?  It depends on what?  If you are doing everything legally and taking advantage of current tax law to make and save the most income and plan for retirement -- why is that an issue?

I am not sure what Trump practices you think are isolated or not?  Yes, it is NOT just the 1% that wants to keep every nickel they can -- everyone, rich or poor does.  BUT the rich give a much higher percentage of their income to charities etc., including above and beyond what they can deduct.  So, maybe that is not completely true -- but we are made to feel that they are more greedy than the rest.

I know the line comes from the movie -- but I have never seen it.  Everyone says it is good -- maybe one day I will get around to seeing it.  Just never had the time for movies.

But I am not sure that 'greed is good' is completely true.  For sure the motivation to get better and achieve and to be ambitious will result in more -- so, maybe that can be seen as greed; I am just not sure it is 'greed' in the classical sense.  But imagine if some of the past, and current, industrial titans had n to been 'greedy' -- would they have achieved as much for the good of the folks as they did?

Could you please tell me what you are confused in my comment? If the the word catastrophic is what you are having difficulty with then let’s replace it with nonsensical , fraudulent or untruthful..does make more sense? 

Raider 22

I’m sorry but I must disagree  with you ! The weight of advantages of capital gains and how it is being used is one of the driving factors of wealth inequality in this country! Greed in the vein of wealth and power is as strong as it was in the days of the robber barons the only change is there are a lot more players “ Billionaires at the monopoly table. Now don’t get me my wrong take on this is not to do with the damage that malevolent billionaires can do to democracy. It’s the marginalisation of the poorest. Whenever someone says, “but people need to be rewarded for taking a risk and creating a business” I tend to agree with them, but not to the ridiculous extent that we see today. 

This is NOT where 'the system is gamed' at all.  This is the law.  Again, if enough folks want to change the law --start that process.

It’s not going to happen, least not quietly! Just look to history of past elections both side make promises but in this area of discussion very little happens! And why is that ? The reason is that the people who make investments in to either party’s candidates that we usually call them “billionaires” as a shorthand, that basket could include both the 10-figure, 9-figure, and certain 8-figure influences they unanimously do not want this ! The wealthy who occupy positions of power and influence will alway perpetuate maintenance of this particular architecture of capitalism!as it is there life’s blood! 

Which brings me to the MAGA movement, In the 2016 election Trump blew his dog whistle about how corrupt the system “ which is true “ to which portions both parties flocked to his call. But did he change anything? No only new face ! that were even richer ones that drive the same system the same direction! But though deficition and bald face lies Trump is still playing his tune to his group including the ones who idolized Jan 6th, which I personally believe behind doors makes the majority of this country’s rich and powerful some what nervous because if anything was ever learned from 9/11 the attacks it revealed that when Islamists fanatics get worked up to frenzy they do what ever is necessary to get what they want and are willing to wreak complete havoc to get it, as opposed to gutless schlubs like most of us.  But what happens if the amount changes in Schlubs x 100.000 and they get fanatical like the Jan 6th unhappy patriots ??? Do I want this outcome? No, but social and economic change is not in sight as far as I see it and the natives on both parties are extremely unhappy !

@joe pockets

 Was referring to this statement:

What do you mean by "...legally & illegally cheat and gain the system with great desire to either sustain or better there gains for the future!"  How do you 'legally' cheat?  I assume you meant to 'game' the system and 'their' gains?  But isn't the point to 'legally' make gains for the future?  If so, how is that 'gaming the system'?

@joe pockets

 I’m sorry but I must disagree  with you ! The weight of advantages of capital gains and how it is being used is one of the driving factors of wealth inequality in this country! Greed in the vein of wealth and power is as strong as it was in the days of the robber barons the only change is there are a lot more players “ Billionaires at the monopoly table. Now don’t get me my wrong take on this is not to do with the damage that malevolent billionaires can do to democracy. It’s the marginalisation of the poorest. Whenever someone says, “but people need to be rewarded for taking a risk and creating a business” I tend to agree with them, but not to the ridiculous extent that we see today. 

This is 'part' of what drives wealth -- which is what folks refer to as 'wealth inequality'.  This is a misnomer.  

The people that do not make this work for them blame their 'misfortune' on it.

I would simply recommend to go to YT or somewhere and see Friedman's breakdown on the 'robber baron' myth.

This is more propaganda from the Left.  Few knowledgeable economists share that belief.

@joe pockets

 Whenever someone says, “but people need to be rewarded for taking a risk and creating a business” I tend to agree with them, but not to the ridiculous extent that we see today. 

For sure, it helps individuals grow their wealth and get ahead for retirement.  If someone does not use it -- that is on them.

@joe pockets

 It’s not going to happen, least not quietly! Just look to history of past elections both side make promises but in this area of discussion very little happens! And why is that ? The reason is that the people who make investments in to either party’s candidates that we usually call them “billionaires” as a shorthand, that basket could include both the 10-figure, 9-figure, and certain 8-figure influences they unanimously do not want this ! The wealthy who occupy positions of power and influence will alway perpetuate maintenance of this particular architecture of capitalism!as it is there life’s blood! 

Absolutely true.  Until the average folks get riled up enough and have the fortitude to push for a change -- it will not happen.

@joe pockets

 No, but social and economic change is not in sight as far as I see it and the natives on both parties are extremely unhappy !

Not interested in the Trump perspective.  That is a difference in ideologies. 

But do you think a change is needed because folks do not take advantage of it like they should?  Or do you think a change is needed because you think it would level it out and they could get a leg up?

If so, what do you say about all of the studies that show people still tend to ease back to thier 'level'?  

People have to change their mindset to get ahead; having things handed to them rarely works.  They need to learn more.  So, you can argue there should be more teaching, maybe in schools and at home on how to do this.

Days ago, Trump said that states should determine abortion laws.  Now he says Arizona has gone too far in abortion ban.  Flip flopping again as he did previously with support for nationwide abortion ban.    Politifact rates false his claim that all legal scholars  demand that Roe versus Wade be overturned.  Actually, vast majority supports legal reasoning for abortion.  But a more convincing case would be based on arguing equal protection for women instead of privacy right.  Also Trump falsely claims democrats support the execution of babies after birth.  So he cannot be trusted.

What a joke of a statement and a complete display of desperation. Of course their court ruling that a 160 year old law is all they have is too bad. The state legislature should immediately rewrite the law followed by a proposal on the ballot next fall.

What you want is only ammunition for a failing candidate. 

Former ESPN reporter Sage Steele who had interviewed Biden; 

Former ESPN host Sage Steele has been speaking candidly about her personal politics since leaving ESPN last year, saying former President Trump is her "only choice" against President Biden.

Steele expressed her "fear" of the looming Biden-Trump rematch and how "we have seen the depths" to which Democrats have tried to keep the former president off the ballot. 

"I'm nervous for him. Sometimes I get nervous for his safety. Honestly, like it's crazy," Steele said. "The 91 charges, and you know, all the lawsuits and awarding $83 million… What happened with the Fani Willis case. Like, I am blown away. Every time I think, 'OL, this is a new low. It can't go any lower.' What happens?!"

Steele said when she arrives at the voting booth, she puts aside the "emotion" and strictly focuses on the policies each candidate represents.

To me, Donald Trump is the obvious answer based on what he believes, what he can do, what he has shown that he can do starting with the defense of our country, our safety, etc. and nothing to do with the personal stuff. I don't care anymore," Steele said. "It's about policy, not emotion. And that's what I wish people could get over is that emotional stuff. It's maddening."

Steele had a laundry list of reasons why she thought Biden has been so unpopular, which included inflation, the border crisis, how people feel less safe, as well as his "decline mentally."

"You can even go back to those Chinese balloons, you know, over our territory for over a week. And little things like that, that aren't so little. If that's happening, what else is happening?" Steele said. "So even people who don't go deep and take deep dives on everyday politics and the goings-on across the country, you don't need to take a deep dive to understand that we are in a dire situation. And to me, it really is now or never."

She also spoke about how espn's top executives told her how and what to ask joe biden. She was told how to respond and what to say.  What a joke.   

@thirdperson

 Also Trump falsely claims democrats support the execution of babies after birth.  

Do they not support full term abortions ??  

Well, yes, a lot of them do..... so his claim is correct.... 

@Raiders22

 At the end on of the day its income! But it’s taxed at a reduced rate, let’s take CEO Mary Barra she was paid 2.1 mil salary in 2023 she also received 18 mil in stock options. So her pay regular income tax on the value of the stock or option at the time it becomes theirs. For options, this is often zero. They pay capital gains tax on the difference between the amount already taxed and the value at the time they exercise options …..This is income plain and simple that will has added value because of the capital gain tax rate. There isn’t a CEO or Board officer of big or small company in this country that does do the same! These folks are just small fish in the ocean of wealth ! 

@joe pockets

 Okay...is this good or bad the way it currently is, and why, or why not?

@joe pockets

 Sure, in your example, the executive is due for the long-term capital gains taxes above and beyond the exercised price once they sell it.

What do you think happens if this is not the case?

Or even, for you as a regular investor?

@Raiders22

 Long term is one year or what ever is in her compensation package agreement with the Board of Directors. Keep in mind she has had 9 compensation packages in 9 years as CEO each year she is awarded stock options so after the first year it’s revolving door of under taxed income to the average taxpayer….She also is compensated in the same fashion by Disney for her hard work as a Board member “ lol “ there !

Raider for years I’ve had to listen to a in-law who is employed at PricewaterhouseCoopers and I could go a length or two at how legally them system is gamed ! I must say like you he says these principles are all legal. But unlike you he couldn’t care less if they fair or level!……Enough with this…..Ok.    

Trump inflammatory rhetoric is misleading.  Doctors don't kill babies after birth.  Killing a newborn is illegal in every state.  Rare late abortions happen because of health risk to mother or fetal abnormality in which baby isn't expected to survive.  For example, no brain.

@joe pockets

Long term is one year or what ever is in her compensation package agreement with the Board of Directors. Keep in mind she has had 9 compensation packages in 9 years as CEO each year she is awarded stock options so after the first year it’s revolving door of under taxed income to the average taxpayer….She also is compensated in the same fashion by Disney for her hard work as a Board member “ lol “ there !

Correct on long term.  But incorrect on 'under taxed' -- it is all taxed at the current tax law rate.   Yes, all boards compensate folks as well.

I’ve had to listen to a in-law who is employed at PricewaterhouseCoopers and I could go a length or two at how legally them system is gamed ! I must say like you he says these principles are all legal. But unlike you he couldn’t care less if they fair or level!

Sure, a lot of folks do not like it.  Again, I get that -- but change it if you do not like it.  But the issue is that it is the same for you to use as well and once people realize that and why it is they would understand it better.

If it is 'legal' -- then is it really 'gamed'?  It is simply being used as a proper vehicle.

I get why people do not like it.  But it still comes off as being envious or from a lack of understanding of economics by folks.  I contend this is because so many are ill-informed and/or easily influenced by the media and divisive politicians.

But I get why you feel that way.  But it would be nice of you could explain the opposite side -- that would help a lot, I think.

How is that any misleading than saying Trump will ban abortion nationwide if he takes office. Not to mention all the other fairy tales being spread. 

The bill dems are supporting does allow abortion up to birth. And like you and the media I will exclude the fine print on purpose. 

Trump in Chick-fil-a sure got a whole lot of undies in a bunch after reading the media.

Trump would never allowed this Iran unrest. He had them poor and unable to pay for all the terror.

You elect a lead-from-behind President and this is what the World order looks like.

Trump would never allowed this Iran unrest. He had them poor and unable to pay for all the terror.

You elect a lead-from-behind President and this is what the World order looks like.