US midterm elections: What's happened to economy under Biden?

[ozimoron]

4 minutes ago, placeholder said:

Well, you demonstrated in your previous frantic outburst that you don't really have even a basic grasp of facts just like the former President you clearly support. Like saying that Trump wouldn't benefit much from his dealings with the government because most of the money would flow to the shareholders in his company.

Or claiming that voter fraud was a problem that deserves to be addressed and is being obstructed by Democrats even though in states where all the levers of government were controlled by Republicans, no evidence of significant voter fraud was found.

The thing is, those of us who take the trouble to acquaint ourselves with the facts can judge a politician's statements by how well they comport with reality. And we can judge each statement on its worth. And what's more important, we can judge if the laws they propose are based on sound premises or not.

But if you're not acquainted with the facts, then I guess the way to try and sound knowledgeable is to say they're all liars and conmen and you don't trust any of them. And of course, if you support one in particular, whose statement only  bear an arbitrary relationship to reality, and who supports laws built on lies, then it's in your interest to make it seem as though politicians are all fundamentally the same. And to further obfuscate by posting empty generalizations because such generalizations don't require you to actually have any acquaintance with the facts.

Just to clarify, none of Trump's companies are public and none have shareholders.

[placeholder]

14 minutes ago, ozimoron said:

Just to clarify, none of Trump's companies are public and none have shareholders.

Technically, subchapter S corporations, which is what Trump mostly uses, do have shareholders. But they're very limited in number.

[ozimoron]

1 minute ago, placeholder said:

Technically, subchapter S corporations, which is what Trump mostly uses, do have shareholders. But they're very limited in number.

They're not publicly traded shares unless I'm mistaken

[KanchanaburiGuy]

On 11/14/2022 at 8:34 PM, placeholder said:

You clearly don't have a clue about how most of Trump's business are constructed. They're called pass-through corporations. Chapter S  And they're designed to give someone, or a few someones the benefits of being a corporation while also enjoying the benefits of ownership. The funds that are passed through benefit just a few people. So stop with the nonsense about Trump "would have actually seen very little of it, overall!"

Do some homework for a change.

LLCs, not Subchapter-S Corps.

 

Do some homework for a change.

 

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LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners). Non-U.S. citizens/residents can be members of LLCs; S corps may not have non-U.S. citizens/residents as shareholders. S corporations cannot be owned by corporations, LLCs, partnerships or many trusts.

 

https://www.wolterskluwer.com › s-...

S Corp vs. LLC - Differences and Benefits | Wolters Kluwer

[placeholder]

1 minute ago, ozimoron said:

They're not publicly traded shares unless I'm mistaken

That is correct. And the absolute maximum of shareholders allowed is 100. There is no minimum.

[placeholder]

6 minutes ago, KanchanaburiGuy said:

LLCs, not Subchapter-S Corps.

 

Do some homework for a change.

 

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LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners). Non-U.S. citizens/residents can be members of LLCs; S corps may not have non-U.S. citizens/residents as shareholders. S corporations cannot be owned by corporations, LLCs, partnerships or many trusts.

 

https://www.wolterskluwer.com › s-...

S Corp vs. LLC - Differences and Benefits | Wolters Kluwer

What he doesn't have is LLC's which is the British term for Inc.

The Trump Organization is a group of about 500 business entities of which Donald Trump is the sole or principal owner ^[5]

^{https://en.wikipedia.org/wiki/The_Trump_Organization}.

Whatever they may be, the revenues mastly accrue to  Trump and not numerous imaginary shareholders  who get the lion's share of profits:

 

 

 

[thaibeachlovers]

5 hours ago, KanchanaburiGuy said:

Donald Trump, Jim Jones, and Bernie Madoff may be/have been big-time conmen........ and "Nigerian Princes," Alex Jones, "male-enhancement" sellers, and Herschel Walker may be comparatively small-time conmen.......... so no, they aren't "the same."

 

But at the heart of things, "frequency and magnitute" are really only important for determining what kind of legal........ (or extra-legal?)......... actions should be taken against them. But that's almost beside the point.

 

Regardless of the comparative "frequency and magnitude" of their cons......... the only thing that REALLY matters........ is knowing that they are conmen!

 

If you know they are conmen, thats all you really need to know!

 

Same goes for both Republican and Democratic Politicians, these days. They may not be up to the level of "conmen," per se, but that doesn't mean that concepts like honesty and integrity........ and an actual and sincere interest in pursuing and governing based on truth......... actual truth!............ have much of a place in their makeup! 

 

No, in today's political landscape, being believed........ is exponentially more important.......... than being honest!

 

So in today's political landscape........ time and time again.......... easy, believable lies......... keep proving their worth ........... over honest truths!

 

So that, naturally, then becomes the modus operandi of the modern politician! Saying something believable........ is more important........ than saying something truthful!

 

And honestly, do you really need to know the "frequency and magnitude" of a person's lies........ before you decide not to trust them? Isn't knowing  they are a liar........ good enough?

 

Excellent post.

[thaibeachlovers]

On 11/13/2022 at 8:41 PM, billd766 said:

How would Canadian oil for export bring down oil prices in the USA?

Are you claiming that more of anything means the price increases?

[billd766]

9 hours ago, thaibeachlovers said:

Are you claiming that more of anything means the price increases?

Good question, but your words and not mine?

 

I would be quite happy if you had simply answered my question to you, which BTW you didn't.

[thaibeachlovers]

8 hours ago, billd766 said:

Good question, but your words and not mine?

 

I would be quite happy if you had simply answered my question to you, which BTW you didn't.

I thought I did.

[billd766]

16 minutes ago, thaibeachlovers said:

I thought I did.

No, actually you didn't and you still haven't.

 

[thaibeachlovers]

10 hours ago, billd766 said:

No, actually you didn't and you still haven't.

 

If I didn't then you will have to live without.

Jai yen, jai yen, it's a forum, not the UN.