Discussion for article #241153
You lost a zero in the headline, guys.
your title is wrong. It should be billion, not million. I was shocked when I saw that. OK it is fixed now. Never mind
“He’s out there telling everybody he’s worth $10 billion. He’s not.”
Later today… Trump sues Forbes for saying he’s not worth $10 Billion.
Donald, a little secret about the era when America was “great.” Income and corporate taxes were high, unions were strong, and government was big. The US was number one in GDP per capita in 1950. We sunk to number two by 1973, and are now at number ten. In 1953, one out of every three American workers belonged to a union. Factories were abundant, we had a strong manufacturing base. The effective tax rate on the wealthy was running around seventy percent. So, now you know how to really make America great again. You’re welcome.
I’m not sure we can automatically assume Trump is lyin–… wait, in that picture, his mouth is open. Never mind. Please carry on, people.
Now Trump will have to boycott Forbes FOREVER!! All 88 hours of it!
Trump’s whole fascist gig is book sales and ChiCom clothing promotion among America’s great herd of the unaware. They are his rightful prey, and whatever speeds the death spiral of his party ices the cupcake.
A living wage, a viable family life, was also possible with one wage earner. It allowed the women that chose to to stay home, raise kids, whatever. Once companies succeeded in eliminating unions, collective bargaining, etc and lowering pay two wage earners became necessary. The very dynamic Republicans crafted resulted in empowering women, something their misogynist beliefs and habits clashed with. They’ve made their bed but refuse to lie in it.
And, corporate magnates were very rich, living the good life. Now the rich want to own everything at the expense of workers, consumers and the great unwashed. Donald Trump is an obscene example of the 1% much like Mitt Romney was, only Romney was not as bombastic.
$4.5 billion $10 billion - what’s the difference - picky picky
I don’t care how much Trump is worth, he’s still unqualified to be President of the United States. Period.
“Some people are born on third base and go through life thinking they hit a triple.”
Barry Switzer
Cheap labor equals rich quarterly reports. Unregulated corporations will always choose short term profits over workers’ interests.
Once upon a time there was a great nation that governed business for the interests of both workers and companies. A wise and benevolent appearing Saint appeared on the telescreens and freed the corporations from their obligation to support the nation that made their existence possible. The golden goose was sacrificed in short order, and increasingly desperate profit seeking destroyed the planet’s ability to support humans. In the end the greatest of all businessmen owned everything, and he died saying “MONOPOLY!”
I thought he said “Rosebud”?
Hah. Both are chump change, right chammy?
Yeah, but how much of this is on paper only?
He may have that much in property and stocks and all that, but it’s only worth what people will pay for it when it’s put up for sale. When I sold my house three years ago, I thought it was worth a certain amount of money and the market values from my RE agent agreed with me. However, the best offer I got was less than that because that is what the customer would pay.
So the casinos or resorts or apartment buildings may be worth something on paper, but the only thing that counts is what a buyer will ultimately pay. And that could be a lot less.
The value of all assets vary. Even hard currency fluctuates according to exchange rates. Of course demand dictates value, it’s always been true. A gallon of clean water to a severely dehydrated man on a raft in the ocean might be worth the million$ he has back home in the bank were the deal possible. Forbes did their best. The determination can never be precise.
Trump was born on third base and thinks he hit a home run.
Yes. it can be worth more or less. But that is true of everything. you have a big pile of money. How much it is worth depends on inflation and interest rates. You have a big pile of gold. it depends on the market price for gold. You own an giant Blackberry phone factory. It matters if you can actually sell any phones.
But the Forbes people are trying to ascertain the value in the market today. So they are making educated guesses about what he could get for stuff if he sold today.