Where Billionaires Line Up on Donald Trump

[MongGrel]

Seems many of his own kind do not agree with him a bit.

http://www.usnews.com/news/articles...line-up-on-donald-trump?int=a14709&int=a14709

A lot of the shadier ones seem to be the ones in favor, if he actually has Rick Scott as a running mate you know things are getting screwy.

I'm still curious to see if that will happen, then really be face palming if it does.

"What's striking about his program is he's running as a populist, and the program is incredibly weighted to the very top," says Robert Shapiro, co-founder and chairman of consulting company Sonecon, advisor to the International Monetary Fund and former under secretary of commerce for economic affairs. "The benefits for those in the top 0.1 percent are 480 times the benefits for the average taxpayer."

 

[MagickMan]

As a business man, given what he started with and the opportunities he's had, he's nigh-on close to being a disaster. Back in 1985 if he'd taken his money and bought broad market mutual funds, he'd now be worth >$20B. If he'd simply bought savings bonds he'd have $10B. He's worth what? $4.5? Geez.

 

[Indus]

Trump fluffer like SP33Demon in 3.. 2.. 1...

 

[sm625]

Obama is a gift to all billionaires. Rack up that Federal debt.... who the heck do you think owns most of that debt? Billionaires! Who do you think owns most of the businesses that profit from outsourcing? Billionaires! Who do you think profited most and lost the least from Iraq? Billionaires!

 

[SP33Demon]

As a business man, given what he started with and the opportunities he's had, he's nigh-on close to being a disaster. Back in 1985 if he'd taken his money and bought broad market mutual funds, he'd now be worth >$20B. If he'd simply bought savings bonds he'd have $10B. He's worth what? $4.5? Geez.

As a business man, he's incredibly successful. Last year his company kept around 300 million out of 605mil in revenue. That's an insane rate that any company would kill for. Also, you've been reading the propaganda claiming he inherited 200 million. Except that was the entire fortune and he has 4 siblings. So do the math, 200/5 = 40. And no 40 million doesn't add up to 10B after investing it 1985, it'd be worth $822,135,709. Trump has done incredibly well.
http://www.bankrate.com/finance/investing/historical-returns-investing-calculator.aspx

 

[Sonikku]

As a business man, he's incredibly successful. Last year his company kept around 300 million out of 605mil in revenue. That's an insane rate that any company would kill for. Also, you've been reading the propaganda claiming he inherited 200 million. Except that was the entire fortune and he has 4 siblings. So do the math, 200/5 = 40.

This. He only inherited 40 million dollars.

 

[Hugo Drax]

Give 40 million to most Americans and 5 years later they are broke and living under a bridge.

 

[MagickMan]

As a business man, he's incredibly successful.

No.

http://content.time.com/time/specials/packages/completelist/0,29569,2068227,00.html

Again, if he'd simply bought savings bonds, he'd be worth more today. :\

 

[MagickMan]

Give 40 million to most Americans and 5 years later they are broke and living under a bridge.

That's true, but they aren't "businessmen". He purports to be but he isn't very good at it.

 

[SP33Demon]

No.

http://content.time.com/time/specials/packages/completelist/0,29569,2068227,00.html

Again, if he'd simply bought savings bonds, he'd be worth more today. :\

You link says nothing about that, and bankrate's calculator against the market says he'd only be worth 822 mil if he just invested in the market. Market > savings bonds. Again, you have some explaining to do if you want to convince us of your FUD.

 

[Spungo]

Obama is a gift to all billionaires.

Obama does not run the Federal Reserve.
I'm not sure how many times I need to tell this to everyone.

again, if he'd simply bought savings bonds, he'd be worth more today.

Your projection would only be true if he had no living expenses at all, he was 100% invested at all times, and he never made any withdrawals over the span of 30 years or whatever.
Look at your own retirement to see how this works. If you retire with 500k in the bank, it doesn't magically compound as 500k. You're withdrawing money while it's compounding. Maybe it grew 10% in a year, but you also took out 40k in living expenses, so the net gain at the end of the year would only be 10k. Instead of your wealth growing 10%, it only grew 2%.

 

[soulcougher73]

Trump fluffer like SP33Demon in 3.. 2.. 1...

You were close. Only off by a couple hours.