How Trump Pillaged Casinos and shareholders for personal gain . .

Discussion in 'Politics, Religion, Social Issues' started by caesarp, Jun 11, 2016.

  1. caesarp macrumors 6502a

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  2. DearthnVader macrumors regular

    DearthnVader

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    Assuming Trump voters read all that, and understand it.

    I can tell you from experience that Goldman-Sachs buy up companies, strips them of profits and runs them into bankruptcy, and Hillary is Goldman's lapdog.

    Trump is just a more personable version of Mitt Romney, both are bankruptcy experts. At some point we have to start asking ourselves why the Republicans keep throwing bankruptcy experts at us?
     
  3. MadeTheSwitch macrumors 6502a

    MadeTheSwitch

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    I don't think Romney ran a fraudulent university to scam people out of money though. Also a casino by it's very nature, is a rather sketchy business, designed to literally take people's money and give nothing in return. Trump has definitely done worse than Romney in a number of areas.
     
  4. FieldingMellish Suspended

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  5. thewitt macrumors 68020

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    I don't know why it's so hard for you guys to get this right.

    There is nothing fraudulent about Trump University and thousands of students will stand by the education they received.

    You do know that you don't need proof of wrongdoing to file a lawsuit against someone, right? All I need to do is make up a bunch of stuff about intent and get a lawyer who hates Trump and I can make headlines too. Facts be damned.
     
  6. caesarp thread starter macrumors 6502a

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    Really -- so how many millionaires did it generate? C'mon -- its obviously phony. I didn't need a lawsuit to tell me that. Its as phony as all those real estate "courses" that used to be advertised on late nite TV ads. Its meant for gullible suckers -- and beneath the dignity of any prospective U.S. President (as is shilling vodka and steaks).

    And, the sales instruction manual proves it was phony. It instructed sales staff how to get money out of people with bad credit -- told them how to use credit cards and credit they couldn't afford to pay for the courses. It was all about selling "emotion" -- not selling anything real. And they were promised they would meet Trump. Instead, they got to take photos with a cardboard cut-out of Trump.

    The so-called "distinguished professors" and "real-estate experts" didn't exactly have extensive real estate qualifications. In fact, most of the "experts" were really just people adept "at high-pressure sales," one of the experts had literally no experience in real-estate, as his background was in jewelry sales.

    Another "expert" reportedly had his home foreclosed during his tenure at Trump University and another was only experienced at giving lectures.

    The university sold the idea that Trump, who owned 93 percent of Trump University, would be personally involved in the courses, but he never was.

    That's just the tip of the iceberg of Donald sleaze with Trump U -- Need I go on?
     
  7. Praxis91 macrumors regular

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    Don't care. Trump's "corruption" doesn't sniff a fraction of the corruption of those ****ing bankers. Hillary is the banksters' bitch, as was her husband. Fauxcahontas just endorsed the banker's bitch too.
     
  8. Renzatic Suspended

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  9. jkcerda macrumors 6502

    jkcerda

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    My mom won $1 million dollars at a Casino , she ended up with just a tad over 300k after taxes , the govt is the real thief
     
  10. Renzatic Suspended

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    Considering she ended up with $300k more than what she started with, I wouldn't consider it that bad of a theft.
     
  11. thewitt macrumors 68020

    thewitt

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    The government deserved none of that winning. Zero. Ever.
     
  12. Renzatic Suspended

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    I just looked it up. Gambing is taxed by the federal government at 30%, or $300k. The rest probably went to the state to continue supporting their local gambling industry by taxing gambling winnings.
     
  13. thermodynamic Suspended

    thermodynamic

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    And how much more gets spent in corporate welfare to big oil, which - for a successful business type - any need for taxpayer funded help seems a little odd, wouldn't you think? We can either subsidize all or neither, citing reasons why, but this pick and choose stuff is pointless.
    --- Post Merged, Jun 11, 2016 ---
    Okay, so what should have Trump done to win her and her followers over? Trump is on record wooing Sanders supporters and I'd imagine a lot of them find her to be an asset as well...
     
  14. jkcerda macrumors 6502

    jkcerda

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    Why is it taxed when the money used was already taxed?
     
  15. Renzatic Suspended

    Renzatic

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    How did she win the million bucks?
     
  16. DearthnVader, Jun 11, 2016
    Last edited: Jun 11, 2016

    DearthnVader macrumors regular

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    In his 2009 book The Buyout of America: How Private Equity Is Destroying Jobs and Killing the American Economy, Josh Kosman described Bain Capital as "notorious for its failure to plow profits back into its businesses," being the first large private-equity firm to derive a large fraction of its revenues from corporate dividends and other distributions. The revenue potential of this strategy, which may "starve" a company of capital,[147] was increased by a 1970s court ruling that allowed companies to consider the entire fair-market value of the company, instead of only their "hard assets", in determining how much money was available to pay dividends.[148] In at least some instances, companies acquired by Bain borrowed money in order to increase their dividend payments, ultimately leading to the collapse of what had been financially stable businesses.

     
  17. jkcerda macrumors 6502

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    Slot machine. My brother was with her
     
  18. Renzatic Suspended

    Renzatic

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    And how much do they cost per game? A quarter? A dollar? How much did she spend before she won that million bucks?
     
  19. FieldingMellish Suspended

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    Threads funny because it talks about Trump raking in the dough, while other threads doubt that Trump's made what he says he has.
     
  20. Renzatic Suspended

    Renzatic

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    It doesn't matter how he made the money, only that he made money, right?
     
  21. jkcerda macrumors 6502

    jkcerda

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    Dollar slots.
    Don't know
    She lost money plenty of years that she gambled, we D to get refunds on gambling loses
     
  22. Renzatic Suspended

    Renzatic

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    I doubt she lost $300k worth over the years. Either way, she made a very large amount of cash, entirely by chance, for doing something that was basically a hobby.

    In the end, it's more an irksome detail than actual theft by the local and federal government.
     
  23. DearthnVader macrumors regular

    DearthnVader

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    What state was this, Ii've never heard of a 70% tax rate on unearned income?
     
  24. steve knight Suspended

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  25. Renzatic Suspended

    Renzatic

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    Dunno. Ask JK. Though local and federal taxes together could take that much on unearned income. If she were in Las Vegas, they charge 30% on top of the federal rate, which would come out to 60%.
     

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