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InvisibleKauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
Re: Trump calls CNN fake news [Re: howsyournaggerdoin]
    #24014046 - 01/16/17 08:47 AM (7 years, 13 days ago)

Quote:

howsyournaggerdoin said:
Quote:

Webster10 said:
Because we both understand it's possible to acheive great things without starting rich




what are you on about trump was rich from the start




Wharton grad ... came out of college with no debt ... was given a significant seed "loan" from father to get started in Real Estate ... was no doubt given credit access because of his wealthy father.

The guy had a good head start.  Having said that, he has proven he knows how to develop and promote real estate and to use his bombastic, narcissistic personality to promote himself and other brands.


--------------------
"The universe is endless, limitless and infinite.  Any effort to define it's boundaries is an attempt to overcome ignorance.  We are physical, mental and spiritual beings ... there is no beginning and there is no end.  There is only memory.  Our repeated loss of memory experiences create the illusion of beginnings and ends.  Immortality is the ability to retain full memory through all consciousness transformations.  Loss of memory is man's greatest curse and, in very real terms, death."

-- Ancient Taoist Master


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Offlineqman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 1 hour
Re: Trump calls CNN fake news [Re: The Ecstatic]
    #24014049 - 01/16/17 08:47 AM (7 years, 13 days ago)

Quote:

The Ecstatic said:
Quote:

Morel Guy said:
Whats wealth got to do with leadership?

Pablo escobar was rich, look what he lead.

Trump was given $200 million.  I say he's a trust fund faggot.




Trump's rich daddy gave him a leg up on life, why do you think Webster identifies with him so much?




Some cultures place a huge emphasis on passing on wealth to their children, others don't.


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Invisiblehowsyournaggerdoin
Happy


Registered: 02/04/16
Posts: 1,600
Re: Trump calls CNN fake news [Re: qman]
    #24014053 - 01/16/17 08:50 AM (7 years, 13 days ago)

I know exactly what you mean but it still doesnt add any validity to your point


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
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Re: Trump calls CNN fake news [Re: howsyournaggerdoin]
    #24014066 - 01/16/17 09:01 AM (7 years, 13 days ago)

Quote:

howsyournaggerdoin said:
I know exactly what you mean but it still doesnt add any validity to your point




Passing on wealth to one's offspring is a good thing, why do you pass judgment on it?  Jealous"?


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Invisiblehowsyournaggerdoin
Happy


Registered: 02/04/16
Posts: 1,600
Re: Trump calls CNN fake news [Re: qman]
    #24014082 - 01/16/17 09:07 AM (7 years, 13 days ago)

I myself will inhert a lot of wealth one day so i cant really judge anyone for that. I will however judge anyone who pretends inherted wealth is hard earned.


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OfflineMorel Guy
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Registered: 01/23/13
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Re: Trump calls CNN fake news [Re: howsyournaggerdoin]
    #24014118 - 01/16/17 09:25 AM (7 years, 13 days ago)

I had a landlord that was a total miser.  Drove a truck that didn't even have a matching door.  The building I lived in sold for $250,00 and is one of the nicest buildings in town.  Fixed up to be high end dinning and apartments.  One of our neighbors did some computer work for him.  Turns out the landlord was worth millions.  Made a fortune in the stock market.  Made lot's of money investing in airliners after 911 when the prices went down.  Sold when they went back up.

He didn't leave anything to his kids.  Said they would have to earn their own way.  His wife was still working as a cashier at a grocery after he died.

Trump's going to be just like that with America.  Total miser like all conservative fuck bags.


--------------------
"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 1 hour
Re: Trump calls CNN fake news [Re: Morel Guy]
    #24014142 - 01/16/17 09:35 AM (7 years, 13 days ago)

Quote:

Morel Guy said:
I had a landlord that was a total miser.  Drove a truck that didn't even have a matching door.  The building I lived in sold for $250,00 and is one of the nicest buildings in town.  Fixed up to be high end dinning and apartments.  One of our neighbors did some computer work for him.  Turns out the landlord was worth millions.  Made a fortune in the stock market.  Made lot's of money investing in airliners after 911 when the prices went down.  Sold when they went back up.

He didn't leave anything to his kids.  Said they would have to earn their own way.  His wife was still working as a cashier at a grocery after he died.

Trump's going to be just like that with America.  Total miser like all conservative fuck bags.




Obama created the largest wealth and income inequality in over 80 years, where is your outrage on what has actually already occurred has opposed to what MIGHT occur?


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InvisibleKauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
Re: Trump calls CNN fake news [Re: qman]
    #24014184 - 01/16/17 09:54 AM (7 years, 13 days ago)

Quote:

qman said:

Obama created the largest wealth and income inequality in over 80 years, where is your outrage on what has actually already occurred has opposed to what MIGHT occur?




Specifically, how did Obama create this?  What were his policies and decisions that generated this increasing wealth inequality.  I think he contributed to it somewhat, but do you truly think the President is capable of creating this kind of situation, that takes decades to set up, in his term?


--------------------
"The universe is endless, limitless and infinite.  Any effort to define it's boundaries is an attempt to overcome ignorance.  We are physical, mental and spiritual beings ... there is no beginning and there is no end.  There is only memory.  Our repeated loss of memory experiences create the illusion of beginnings and ends.  Immortality is the ability to retain full memory through all consciousness transformations.  Loss of memory is man's greatest curse and, in very real terms, death."

-- Ancient Taoist Master


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
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Re: Trump calls CNN fake news [Re: KauaiOrca]
    #24014198 - 01/16/17 09:59 AM (7 years, 13 days ago)

Quote:

KauaiOrca said:
Quote:

qman said:

Obama created the largest wealth and income inequality in over 80 years, where is your outrage on what has actually already occurred has opposed to what MIGHT occur?




Specifically, how did Obama create this?  What were his policies and decisions that generated this increasing wealth inequality.  I think he contributed to it somewhat, but do you truly think the President is capable of creating this kind of situation, that takes decades to set up, in his term?




You're absolutely correct, he basically inherited a system which created this outcome. I really don't blame Obama for anything, he never had the power to govern in the first place.

With that being said, it's quite clear that the Federal Reserves policy of QE pushed the inequality into overdrive, it's all going to blow up at some point, but these people don't think long term with their greed.


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InvisibleKauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
Re: Trump calls CNN fake news [Re: qman]
    #24014208 - 01/16/17 10:05 AM (7 years, 13 days ago)

Quote:

qman said:
Quote:

KauaiOrca said:
Quote:

qman said:

Obama created the largest wealth and income inequality in over 80 years, where is your outrage on what has actually already occurred has opposed to what MIGHT occur?




Specifically, how did Obama create this?  What were his policies and decisions that generated this increasing wealth inequality.  I think he contributed to it somewhat, but do you truly think the President is capable of creating this kind of situation, that takes decades to set up, in his term?




You're absolutely correct, he basically inherited a system which created this outcome. I really don't blame Obama for anything, he never had the power to govern in the first place.

With that being said, it's quite clear that the Federal Reserves policy of QE pushed the inequality into overdrive, it's all going to blow up at some point, but these people don't think long term with their greed.




I would agree that GLOBAL QE has been a major factor in the huge runup of the wealth gap, as much from Japan and Europe as the US.  The drive to keep interest rates low to hold off increasing real estate prices dropping which would have destroyed more and more middle class net worth was, on some level a tough thing to reckon with. 

I don't know the answer but I do know that it is utterly and completely irresponsible for owners/investors of these big publicly traded companies to generate big IPO's and debt offerings and essentially, turn that into billions of personal wealth.  That's just not right.  It's the legal system that enables this machine like conversion of debt to personal wealth while shifting the risk and liability to the public that needs to change.


--------------------
"The universe is endless, limitless and infinite.  Any effort to define it's boundaries is an attempt to overcome ignorance.  We are physical, mental and spiritual beings ... there is no beginning and there is no end.  There is only memory.  Our repeated loss of memory experiences create the illusion of beginnings and ends.  Immortality is the ability to retain full memory through all consciousness transformations.  Loss of memory is man's greatest curse and, in very real terms, death."

-- Ancient Taoist Master


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 1 hour
Re: Trump calls CNN fake news [Re: KauaiOrca]
    #24014220 - 01/16/17 10:10 AM (7 years, 13 days ago)

It's not sustainable and it will end badly.  It's a matter of when, not if.

My guess is that it will occur on Trump's watch, a nice present for him to get blamed for, he might have regrets about this whole President thing at some point.


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InvisibleKauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
Re: Trump calls CNN fake news [Re: qman]
    #24014311 - 01/16/17 10:53 AM (7 years, 13 days ago)

Quote:

qman said:
It's not sustainable and it will end badly.  It's a matter of when, not if.

My guess is that it will occur on Trump's watch, a nice present for him to get blamed for, he might have regrets about this whole President thing at some point.




I'm not convinced it will end badly.  We are on the verge of the biggest technology surge in human history.  The age of genetic engineering is just beginning and it will change everything.  Add to that nano manufacturing and there are so many game changing possibilities to re-think energy, resources and capabilities of living creatures.

As Jason Silva put it, we are soon becoming "Homo-Evolutus" ... meaning millions of humans will be born with the intelligence of Einstein, the physical skills of Michael Jordan, the motivation and innovation of Steve Jobs, and the disease resistance of the centurions...

It is tempting, as every generation has predicted, to believe the end is near but it isn't.  What's coming to an end is the scarcity of resources era.  That's what's going to change as we literally learn to turn dirt into energy.  We're just beginning to get it.


--------------------
"The universe is endless, limitless and infinite.  Any effort to define it's boundaries is an attempt to overcome ignorance.  We are physical, mental and spiritual beings ... there is no beginning and there is no end.  There is only memory.  Our repeated loss of memory experiences create the illusion of beginnings and ends.  Immortality is the ability to retain full memory through all consciousness transformations.  Loss of memory is man's greatest curse and, in very real terms, death."

-- Ancient Taoist Master


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OfflineThe Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,362
Loc: 'Merica Flag
Last seen: 58 minutes, 21 seconds
Re: Trump calls CNN fake news [Re: qman] * 1
    #24014319 - 01/16/17 10:55 AM (7 years, 13 days ago)

Quote:

qman said:
Quote:

howsyournaggerdoin said:
I know exactly what you mean but it still doesnt add any validity to your point




Passing on wealth to one's offspring is a good thing, why do you pass judgment on it?  Jealous"?




I love that if you're poor and criticize trust fund billionaires you're jealous. If you're rich and you do it, you're a hypocrite.


--------------------


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 1 hour
Re: Trump calls CNN fake news [Re: KauaiOrca]
    #24014337 - 01/16/17 11:01 AM (7 years, 13 days ago)

Quote:

KauaiOrca said:
Quote:

qman said:
It's not sustainable and it will end badly.  It's a matter of when, not if.

My guess is that it will occur on Trump's watch, a nice present for him to get blamed for, he might have regrets about this whole President thing at some point.




I'm not convinced it will end badly.  We are on the verge of the biggest technology surge in human history.  The age of genetic engineering is just beginning and it will change everything.  Add to that nano manufacturing and there are so many game changing possibilities to re-think energy, resources and capabilities of living creatures.

As Jason Silva put it, we are soon becoming "Homo-Evolutus" ... meaning millions of humans will be born with the intelligence of Einstein, the physical skills of Michael Jordan, the motivation and innovation of Steve Jobs, and the disease resistance of the centurions...

It is tempting, as every generation has predicted, to believe the end is near but it isn't.  What's coming to an end is the scarcity of resources era.  That's what's going to change as we literally learn to turn dirt into energy.  We're just beginning to get it.




I don't think a readjustment of asset prices is a "end of the world" scenario, but there's implications that come with it.

In fact, I think it will ultimately be very healthy to clean out the system in the long term. We are at a point where growth is being constrained because of these imbalances, I expect nature to clean up the mess at some point.


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Offlineqman
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Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 1 hour
Re: Trump calls CNN fake news [Re: The Ecstatic]
    #24014348 - 01/16/17 11:04 AM (7 years, 13 days ago)

Quote:

The Ecstatic said:
Quote:

qman said:
Quote:

howsyournaggerdoin said:
I know exactly what you mean but it still doesnt add any validity to your point




Passing on wealth to one's offspring is a good thing, why do you pass judgment on it?  Jealous"?




I love that if you're poor and criticize trust fund billionaires you're jealous. If you're rich and you do it, you're a hypocrite.




Why should anyone be criticized for inheriting wealth?

They can be criticized for what they do with it after the fact, that's fair game in my opinion.


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OfflineMorel Guy
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Registered: 01/23/13
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Last seen: 4 years, 30 days
Re: Trump calls CNN fake news [Re: qman]
    #24014389 - 01/16/17 11:20 AM (7 years, 13 days ago)

Quote:

qman said:
Quote:

Morel Guy said:
I had a landlord that was a total miser.  Drove a truck that didn't even have a matching door.  The building I lived in sold for $250,00 and is one of the nicest buildings in town.  Fixed up to be high end dinning and apartments.  One of our neighbors did some computer work for him.  Turns out the landlord was worth millions.  Made a fortune in the stock market.  Made lot's of money investing in airliners after 911 when the prices went down.  Sold when they went back up.

He didn't leave anything to his kids.  Said they would have to earn their own way.  His wife was still working as a cashier at a grocery after he died.

Trump's going to be just like that with America.  Total miser like all conservative fuck bags.




Obama created the largest wealth and income inequality in over 80 years, where is your outrage on what has actually already occurred has opposed to what MIGHT occur?





Proof Obama did this?


--------------------
"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found


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Offlineqman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 1 hour
Re: Trump calls CNN fake news [Re: Morel Guy]
    #24014407 - 01/16/17 11:27 AM (7 years, 13 days ago)

Quote:

Morel Guy said:
Quote:

qman said:
Quote:

Morel Guy said:
I had a landlord that was a total miser.  Drove a truck that didn't even have a matching door.  The building I lived in sold for $250,00 and is one of the nicest buildings in town.  Fixed up to be high end dinning and apartments.  One of our neighbors did some computer work for him.  Turns out the landlord was worth millions.  Made a fortune in the stock market.  Made lot's of money investing in airliners after 911 when the prices went down.  Sold when they went back up.

He didn't leave anything to his kids.  Said they would have to earn their own way.  His wife was still working as a cashier at a grocery after he died.

Trump's going to be just like that with America.  Total miser like all conservative fuck bags.




Obama created the largest wealth and income inequality in over 80 years, where is your outrage on what has actually already occurred has opposed to what MIGHT occur?





Proof Obama did this?




https://thinkprogress.org/wealth-inequality-is-now-as-bad-as-it-was-during-the-1920s-7ec5cebcfc3#.y90w76jmn

It was under his watch, what did he do to stop it?  Not a word.

And your main concern is Trump doing what has already been done. :facepalm:


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OfflineThe Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,362
Loc: 'Merica Flag
Last seen: 58 minutes, 21 seconds
Re: Trump calls CNN fake news [Re: qman]
    #24014478 - 01/16/17 12:00 PM (7 years, 13 days ago)

Quote:

qman said:
Quote:

The Ecstatic said:
Quote:

qman said:
Quote:

howsyournaggerdoin said:
I know exactly what you mean but it still doesnt add any validity to your point




Passing on wealth to one's offspring is a good thing, why do you pass judgment on it?  Jealous"?




I love that if you're poor and criticize trust fund billionaires you're jealous. If you're rich and you do it, you're a hypocrite.




Why should anyone be criticized for inheriting wealth?

They can be criticized for what they do with it after the fact, that's fair game in my opinion.




Why? You know exactly why.


--------------------


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InvisibleKauaiOrca
Waterman

Registered: 08/12/08
Posts: 3,131
Re: Trump calls CNN fake news [Re: qman]
    #24014516 - 01/16/17 12:12 PM (7 years, 13 days ago)

Quote:

qman said:

It was under his watch, what did he do to stop it?  Not a word.

And your main concern is Trump doing what has already been done. :facepalm:




Two steps that he did take that he obviously felt were addressing this were getting ObamaCare passed and phasing out the Bush tax cuts for the wealthy.

We could argue all day whether these steps were helpful or not, but I do think, in Obama's mind, he thought these were ways of reacting to the growing wealth gap.

I heard an interview a few years ago with David Stockman that had a conversation with Obama and Biden and he was stunned at how little they understood about economics, how the markets work, etc.  I think that's probably true as Obama is much more centered around what he sees as social justice than job creation.


--------------------
"The universe is endless, limitless and infinite.  Any effort to define it's boundaries is an attempt to overcome ignorance.  We are physical, mental and spiritual beings ... there is no beginning and there is no end.  There is only memory.  Our repeated loss of memory experiences create the illusion of beginnings and ends.  Immortality is the ability to retain full memory through all consciousness transformations.  Loss of memory is man's greatest curse and, in very real terms, death."

-- Ancient Taoist Master


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Offlineqman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 1 hour
Re: Trump calls CNN fake news [Re: KauaiOrca]
    #24014557 - 01/16/17 12:29 PM (7 years, 12 days ago)

Quote:

KauaiOrca said:
Quote:

qman said:

It was under his watch, what did he do to stop it?  Not a word.

And your main concern is Trump doing what has already been done. :facepalm:




Two steps that he did take that he obviously felt were addressing this were getting ObamaCare passed and phasing out the Bush tax cuts for the wealthy.

We could argue all day whether these steps were helpful or not, but I do think, in Obama's mind, he thought these were ways of reacting to the growing wealth gap.

I heard an interview a few years ago with David Stockman that had a conversation with Obama and Biden and he was stunned at how little they understood about economics, how the markets work, etc.  I think that's probably true as Obama is much more centered around what he sees as social justice than job creation.




I don't think Obama gives two shits about wealth inequality, calling the boys on Wall Street "fat cats" every six months really doesn't cut it.  He was already bought and paid for, he served their purpose very well.

I agree with Stockman, Obama never cared to learn about economics, such an embarrassment.


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