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So are you saying personal bankruptcy is worst than business bankruptcy? Why not talk to ALL the people and other businesses (mostly small business owners) that got fukked by Trump basically stealing their money then running off claiming bankruptcy.
between 1985 and 1989, a period when the economy was forging ahead and Trump was busy portraying himself as a billionaire with the Midas touch, his core businesses—apartment buildings, hotels, and casinos—somehow managed to lose $359.1 million. That was only the beginning. As the economy weakened, in 1990 and 1991, Trump’s core businesses racked up losses of $517.5 million. And, between 1992 and 1994, as the economy recovered, they lost another $286.9 million.
By any standards, this is a lot of money to burn through.Comment -
Most bankruptcy filings are due to incurring sky high medical bills that can never be repayed. So when someone has to file bankruptcy due to being a gambling addict, yes that person is a pos. The person with the $100k medical bill they can never repay however isn't. They didn't choose that. The gambler, did choose his fate. It's also funny that student debt isn't discharged in bankruptcy but almost every other type of debt is including frivolous shit like maxed out vesa and mustercard. The entire premise is a scam.Comment -
Business "losses" are often paper shuffling.
Trump's casinos could have "lost" $200 million dollars in simple depreciation expense and salary, of which he personally could have paid himself or other companies he owns, such as a branding right for the Trump name, and simply bankrupted the physical asset (the building), by throwing the keys in the mail.
Ceasars under Gary Loveman did a similar reconstruction by splitting into a REIT & operating company and then dumping tens of millions in pension liabilities in Ch 11.
We all know gambling is an economic and political indicator. If he's losing in Atlantic City, then I'm suggesting that AC wasn't that prosperous to begin with. Trump himself thou made out quite well, always has, and that's the difference between guys who win financially (Trump) and who lose (Kane). You have to play within the confines of the rules and your limits when gambling.Comment -
"The prudent, penniless beginner in the world, labors for wages awhile, saves a surplus with which to buy tools or land, for himself; then labors on his own account another while, and at length hires another new beginner to help him. This, say its advocates, is free labor---the just and generous, and prosperous system, which opens the way for all---gives hope to all, and energy, and progress, and improvement of condition to all."*The Collected Works of Abraham Lincoln*edited by Roy P. Basler, Volume III, "Address before the Wisconsin State Agricultural Society, Milwaukee, Wisconsin" (September 30, 1859), pp. 478-479.
I have very little respect for those who merely punch a clock or cash other people's checks.
Make it on your own, or understand that you will be crippled at some point, by a bigger, brighter person.
Zero sympathy for a bunch of union card dealers, absolutely zero. In fact I think unions ought to be illegal and all union heads indicted on RICO charges and all union participants charged as accessories.
Don't even get me started on public unions and monopolies w unions.Comment -
I don’t think Lincoln meant that verse to mean you should Fukk over your fellow man just because they work for you. In fact he meant the exact opposite. Be just, be generous and help others prosper.
Millions of people punch a clock every day, including CEOs and business owners. Both my neighbors punched a clock for 40 years and have a retirement few can only dream. They didn’t get crippled by the man. You don’t have respect for people that work to provide for their families? Wow... That sounds like some ghetto hood talk.Comment -
The accepted interpretation of Lincoln's address is that you work for "the man" for a bit, then you ever off on your own and become the man.
He had other quotes as well as did Jefferson on the subject, referring to wage workers as societies welfare recipients.
The "union" was glorified under the false premise of creating the middle class post war. That's a fallacy, the US had the only economy in the world post war, the middle class would have sprung up regardless.
What the union has done is crushed the middle class. Baby boomers are cashing unrealistic retirements almost wholly banked on the unfunded liabilities of our generation. Furthermore- with respect to fukking over thousands, having seen it personally in Central States I'd say the union is the primary shaft in this argument, from both ends mind you. In taking the dues, limititing the competition within house, holding back productivity and investing the dues in companies that, for the last 60 years, shipped tens of millions of jobs overseas and enabled child, slave and underpaid labor.
Anyone who says the union is a friend if the working man or the little guy is very ignorant.
The only unions that have a chance to succeed are monopoly/ government unions, which have no competion in negotiations and which were wholly illegal until 1961, when Kennedy thru the Chicago outfit a bone after their election donations, and they organized the schools, city/ county administration workers and hospitals, with no organized competion to negotiate against them.
How's that even practical? LOLComment -
Yes, thou that's not the premise I was inferring.
As a business owner, the last to get paid, that's the pious and graceful individual Lincoln is referring to.
Those wage workers, who cash his checks, are the penniless that should strive to advance and take advantage of the opportunity of our great country and economy and lack of restrictions on ones enterprise and spirit.
Yes, I cash checks, but that's a business. Workers who cash checks, who are content to a wage earner, they are the persons who are not achieving to their god given potential or taking advantage of their opportunities here in America.
And don't get me wrong, if you're gambling you're not a check casher...you're hustling and looking for an angle.Comment -
I've never been a proponent of unions but I've never been part of one, so can't really speak much about them. I have owned several businesses and I still punched a clock and I was still working for "The Man" (my customers). For most people, the bottom line is that if you don't work, you don't get paid. Most business owners have to work twice as hard as most wage earners. And then, most businesses eventually fail. Many years ago, I met Leroy Hoard at a car dealership. He brought in his W2. I've never seen that many zeroes on a W2 before. lolComment -
Who are the wage workers that you know? You don't think a top doctor, lawyer, engineer, data scientist, actor, salesman, baseball player, etc., who spent half their life studying their craft strives to advance? In what way are they restricting their enterprise and spirit?Comment -
Yeah not referring to persons with bachelors or graduate or doctorate degrees, damn. And obviously not professional athletes.
We are, going back to Lincoln and drawing the correlation to today, talking about the class of people who are doing menial jobs and, because of the protection (threat) of a union OR a current social movement such as "livable wage" are just breast feeding....skating by, doing the minimum, while their risk taking boss gets further squeezed, and this "check casher" is now the needy recipient of "stimulus checks" to go along with generations of welfare subsidies in the form of rent credits, wic cards, earned income tax reform, etc.
We've made under achieving comfortable and the norm.
As to unions...what's the difference between the economic extortion of the union and its members versus the Mafia and its members? One uses a gun the other uses a strike, but they are both extortion artists and blackmailers.Comment -
I'm no expert on unions but I think the comparison of unions to the mafia is a stretch. Unions are a protection from the dire slave labor like conditions we have seen and still see in industry across the world. No argue that their influence and tactics have gotten out of hand though.Comment -
I only used Mafia because I suggested Unions be criminalized under RICO.
But let me ask this...unions, considered illegal until the early 1900s, have no place in indistrial America anymore with new min wage laws and OSHA, etc. Their domestic existence is the SOLE reason China is the worlds super power now AND today we just learned that Chinese State owned companies are using Muslims, held as slaves in camps, to produce American goods.
2nd...why do we have government unions? Who do they negotiate against?
Think about that for a second....Comment
