U.S. Politics

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Re: U.S. Politics

Post by Lone Star » August 25, 2019, 4:02 pm

newtovillagelife wrote:
August 25, 2019, 3:51 pm
CNN, Boeing, Harley Davison, Amazon, CBS, Washington Post, Ford, Nordstrom, GM, NFL, New York Times, Merck......and the list goes on.

Let’s just say any company that disagrees with him publicly, will be quickly bashed from his Twitter account.
How did Trump not help each one? Were they in need of something that Trump refused to provide, and why did he not help? Please elaborate for each one.

Also, I find this extremely odd that you now want Trump to help evil and greedy big business. Please explain your sudden change in philosophy. It is looking more and more like you are abandoning your noble cause just to GET TRUMP.


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Re: U.S. Politics

Post by Lone Star » August 25, 2019, 7:29 pm

GTwo.jpg

Trump and BoJo made an announcement at the G7 meeting of “fantastic mini-deals” and “a very big trade deal” after Brexit finally occurs.

Make Britain Great Again!
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Re: U.S. Politics

Post by Doodoo » August 25, 2019, 8:22 pm

"President Donald Trump said Sunday that he had second thoughts about escalating the trade war with China, but the White House later reversed that message saying the president was misinterpreted and that his only regret in hiking tariffs is that he didn't raise them higher."

Wasnt there a soft side appearing? and then all of a sudden NOPE OH well
The World is in for a Ride, hang on

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Re: U.S. Politics

Post by Domat » August 25, 2019, 8:33 pm

A report that tech behemoth Amazon is unlikely to pay federal income tax for 2018 recently set off a firestorm. How could a company with record U.S. profits for the year avoid paying up while most Americans can’t?

The answer is a combination of existing tax rules that have enabled Amazon, and companies like it, to avoid paying well below the standard corporate tax rate for years. And the company is also getting a little help from new provisions in Trump administration’s tax reform bill, which became law in 2017.

So the EU should tax the s***t out for these techies. No need to use bombs

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Re: U.S. Politics

Post by Lone Star » August 25, 2019, 9:07 pm

Domat wrote:
August 25, 2019, 8:33 pm
A report that tech behemoth Amazon is unlikely to pay federal income tax for 2018 recently set off a firestorm. How could a company with record U.S. profits for the year avoid paying up while most Americans can’t?
It's called lawful behavior and within US tax law.

But this is why I love free enterprise. If you don't like Amazon and want to try to criminalize their lawful behavior, you have the choice of never having to use their services. Instead, use some other major corporation getting the same tax breaks.
The answer is a combination of existing tax rules that have enabled Amazon, and companies like it, to avoid paying well below the standard corporate tax rate for years. And the company is also getting a little help from new provisions in Trump administration’s tax reform bill, which became law in 2017.
Yes, all lawful. Trump's tax reform bill, passed by Congress, contained tax savings for every American. All. It's great.
So the EU should tax the s***t out for these techies. No need to use bombs
The EU can do whatever they wish regarding taxes. Amazon has already announced that if the tax goes through, price increases in Europe will be instituted to offset those taxes. So it will be consumers in Europe who will have "the s***t" taxed out of them.

This is why Trump's goal and mission has always been free & fair trade. No one has to deal with tariffs and customs fees in free & fair trade. When trading partners don't agree, Trump raises tariffs to balance things out after the US has been screwed for decades.

It's like friends splitting the check after a meal. Freeloaders don't ride free forever.
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Re: U.S. Politics

Post by Domat » August 25, 2019, 9:31 pm

So Jeff Bezos a billionaire is allowed to use this tax holes Trump made for him? And the real hard working American worker can not use it because it’s on his payroll. No way to cheat the IRS. [-X

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Re: U.S. Politics

Post by Doodoo » August 25, 2019, 9:40 pm

YEAP

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Re: U.S. Politics

Post by Lone Star » August 25, 2019, 9:44 pm

Domat wrote:
August 25, 2019, 9:31 pm
So Jeff Bezos a billionaire is allowed to use this tax holes Trump made for him? And the real hard working American worker can not use it because it’s on his payroll. No way to cheat the IRS. [-X
You need to read the tax code.

All businesses have expenditure write-offs. Amazon must be spending a ton of money somewhere to qualify for those deductions.
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Re: U.S. Politics

Post by Domat » August 25, 2019, 9:53 pm

I don’t need to read the tax code my first post tells it all. It’s mad for the rich and the middle class hard working families suffer.

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Re: U.S. Politics

Post by Lone Star » August 25, 2019, 10:01 pm

Domat wrote:
August 25, 2019, 9:53 pm
I don’t need to read the tax code my first post tells it all. It’s mad for the rich and the middle class hard working families suffer.
I've never looked at someone of wealth or at any corporation as somehow negatively affecting any of my own efforts to achieve. I never cared what they did as long as it was legal. My goals were on me, no one else. I chose to be a victor, not a victim.

Capitalism has created more wealth and upward mobility for people than any other system in the world.
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Re: U.S. Politics

Post by Doodoo » August 25, 2019, 10:05 pm

Paying taxes is somewhat like playing Baseball
If you want to play some odd plays or tricks you need to understand the rules and how they apply.
For instance start a business and then one can deduct certain expenses i.e. property taxes, electricity, gas, vehicle expenses etc

Then like Donny did with his Casinos he never owned them and was just a Boss of the company like an employee at a Few Nillion bucks a year plus expenses. So, when the company went T-TS UP he walked scot free

Know the rules to play the game

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Re: U.S. Politics

Post by Domat » August 25, 2019, 10:21 pm

I understand you Doodoo but when the rules are made for the rich you can not win even if you know the rules.

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Re: U.S. Politics

Post by TJ » August 26, 2019, 1:27 am

Doodoo wrote:
August 25, 2019, 10:05 pm
Paying taxes is somewhat like playing Baseball
If you want to play some odd plays or tricks you need to understand the rules and how they apply.
For instance start a business and then one can deduct certain expenses i.e. property taxes, electricity, gas, vehicle expenses etc

Then like Donny did with his Casinos he never owned them and was just a Boss of the company like an employee at a Few Nillion bucks a year plus expenses. So, when the company went T-TS UP he walked scot free

Know the rules to play the game
Likely you know more than myself in the area of high finance, still the insinuation that there was something wrong or unethical when President Trump financed building constructions with loans rather than out his own pocket is most perplexing. I believe that acquiring financing from banks or investors to start a business is the rule rather than the exception.

The assertion that someone with little or no money or capital can not find financing to start a business is dead wrong. For example, aren't you aware of how many poor people made good by using financing for flipping houses. There were many TV programs testifying to the success of these flippers. Financing a business is as common as financing a mortgage for your home.

But this is just another Progressive myth that someway, somehow President Trump acquired his wealth in an unscrupulous or underhanded manner. There is no substance to it.

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Re: U.S. Politics

Post by Doodoo » August 26, 2019, 5:18 am

TJ (The Jeep)
"But this is just another Progressive myth that someway, somehow President Trump acquired his wealth in an unscrupulous or underhanded manner. There is no substance to it."

I agree until one does some reading and then look out. Post something like what you have said is, well puzzling?

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Re: U.S. Politics

Post by Lone Star » August 26, 2019, 8:15 am

TJ wrote:
August 26, 2019, 1:27 am
. . .
But this is just another Progressive myth that someway, somehow President Trump acquired his wealth in an unscrupulous or underhanded manner. There is no substance to it.
You're dealing with a group, much like Democrats and LIBs in the US, who are willing to criminalize LEGAL behavior to GET TRUMP.
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Re: U.S. Politics

Post by Lone Star » August 26, 2019, 8:16 am

.

When Democrats lose, they always want to change the rules.

They've been trying to put together a work-around on the Electoral College since they've lost a second election in 19 years due to not having enough electoral votes.

Their latest efforts have been predictably wobbly. They're trying to get states to change the rules within their states to have the electors cast their votes for whoever wins the popular vote, NOT for the candidate who won the election in their state. In other words, if candidate A wins in the state, but candidate B wins the popular vote nationwide, then the electors give all their votes to candidate B. This idea means that it doesn't matter who wins within the state.

Well, last week, the 10th Circuit Court of Appeals ruled on a case involving an elector in Colorado. The court ruled that the US Constitution was violated when the Colorado Secretary of State removed an elector who voted for a candidate other than the candidate who won the popular vote in Colorado. Hillary won Colorado, but elector voted for John Kasich instead. The Secretary replaced the elector with one who would cast a vote for the winner in the state.

Whether Democrats understand it or not, this ruling in the 10th Circuit blew a massive hole in their work-around of the Electoral College, which can only be changed by an amendment to the Constitution.

The 10th Circuit ruling in Colorado means that if a state cannot require that its delegates vote in accordance with its own state's popular vote, then the state cannot require that delegates vote for the winner of the popular vote.

Democrats are going to have a hard time dismantling the Electoral College without going through the amendment process of the Constitution.
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Re: U.S. Politics

Post by Lone Star » August 26, 2019, 8:19 am

.

Interesting analysis on China's economic health.

Fraser Howie is an independent analyst who provided his insight as to just how bad things are for China. This analysis came BEFORE Trump issued his IEEPA declaration for companies to stop doing business in and with China. The effects of that declaration will make China's economic problems in this analysis much worse.

Howie says that there is a “whole host of hidden debt” in China. Howie estimates that China’s total debt is over 300% of their GDP. Howie referenced the Institute of International Finance for these numbers.

Fraser Howie:
“China is very much past the tipping point where the debt simply no longer can be ignored. The cost of servicing the debt ... simply distracts from almost everything else. China ... (had) this huge stimulus and turn on the credit taps and they drove all this global demand,” Howie said. “But there clearly was going to be a cost ... and now they are suffering (from) it.”
When China's efforts to burn cash over the US tariffs is added to this, the unemployment numbers that keep increasing there, and the shift from importing minerals to importing more food, anyone with common sense has got to realize that things are much worse than China is letting on. The trade war with the US has increased China's debt at a time when they were looking for ways to boost their economy.

Fraser Howie:
“The Chinese economy is clearly slowing, there are a lot of headwinds, there’re companies leaving China. China’s becoming a much harder investment case for a number of reasons."
Again, this analysis was BEFORE Trump took a larger tariff/barrier position on Friday. I don't know how many cards there are to be played in Trump's deck, but I do know that the US economy is stronger than China's, and I do know that the tariffs are hurting China more than they're affecting the US.

Author Steven Mosher has a similar view of China and their economic problems. Author of "Bully of Asia: Why China’s Dream is the New Threat to World Order," Mosher believes that tariffs on Chinese exports puts the killshot on a very weak economy that is a loss leader in every other category. China's only profitability comes from their exports, according to Mosher.

Mosher likens the leadership of the central planning of China to that of the oligarchs in Russia who amassed great wealth in the aftermath of the Soviet Union collapse. However, the PRoC didn't collapse, and their oligarchs are very wealthy.

Because of all of the corruption inside China, exports are the only sector that makes any money.

Steven Mosher:
“The tariffs have hurt the export sector of economy tremendously in China, and remember, that’s the only sector of the economy that actually makes money, the rest of the economy loses money. The state-owned enterprises [are] these huge dinosaurs run by huge non-productive bureaucracies consisting of Communist Party officials who have no idea how a market economy works and are just there to take bribes, make deals, and pocket the profits.”
What money that China makes from exports is what funds all of the other losing propositions in their economy.

Chinese-Americans have seen themselves achieve great success. Mosher says, they "have one of the highest average incomes of any group in the US." The Chinese in Hong Kong have had great achievements in turning an island of 2 fishing villages and population of 2,000 into one of the most modern cities in the world with a population over 7 million. Singapore and Taiwan are other glowing examples of the contribution of Chinese. But the Chinese don't have any similar record of achievement inside China.

Steven Mosher:
“Certainly, I have great respect for the Chinese people, who are among the hardest working, most enterprising, and most intelligent people the world has ever seen. It’s a great tragedy that they’re languishing under one of the most tyrannical surveillance states the world has ever seen.”
If Mosher's and Howie's analyses of China's economy is correct, it's very bad for China.
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Re: U.S. Politics

Post by Lone Star » August 26, 2019, 8:21 am



Working Breakfast between US Trump and UK BoJo
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Re: U.S. Politics

Post by Lone Star » August 26, 2019, 8:24 am



Joint announcement of trade deal between Japan and the US.

It should be noted that Trump and Abe have the highest approval ratings among their citizens of the G7 members with the exception of BoJo's recent elevation to Prime Minister.
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Re: U.S. Politics

Post by Lone Star » August 26, 2019, 8:57 am

.

A Hart Research Associates poll has revealed that the overwhelming majority of Americans are angry with the political establishment in Washington DC "because our political system seems to only be working for the insiders with money and power, like those on Wall Street or in Washington.”

Almost 75% of those polled felt that way and over 40% said that the statement describes them "very well."

The poll was also conducted in late 2015, when Trump was starting to gain traction in his run for the White House. It should be noted that Trump is not part of the "establishment" in DC and that his supporters claim to have voted for him because he was an outsider.

These poll numbers don't bode well for the leading Democrat candidates, who are ALL part of the political class.

An NBC/Wall Street Journal poll of 1,000 adults revealed that a majority of Americans believe that the political system is being shaken up; and half of those have a strong belief in that shake-up.

It's anyone's guess as to who is shaking things up in DC among the political class.
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