[Continuation] The Trump Presidency X: 10-10 'til we do it again - Page 4

Belz... · 2nd October 2018, 05:17 AM

Originally Posted by Fast Eddie B

So, which character do you see the President as?

Oh, the one in the hard hat. Just give him a shovel so he can mine coal.

Segnosaur · 2nd October 2018, 06:28 AM

Originally Posted by Fast Eddie B

So, which character do you see the President as?

https://www.robotbutt.com/wp-content...5429510252.jpg

I notice this particular pic of the village people doesnt have the military people. Not that anyone would think stubby mcbonespurs would match one.

Sent from my LG-K121 using Tapatalk

theprestige · 2nd October 2018, 06:44 AM

Originally Posted by Squeegee Beckenheim

Really? Please name some countries where heterosexual marriage is outlawed.

I'm hard pressed to name one where it isn't.

Do siblings of diplomats get visas if they also claim to be lovers?

Squeegee Beckenheim · 2nd October 2018, 06:54 AM

Originally Posted by theprestige

I'm hard pressed to name one where it isn't.

Do siblings of diplomats get visas if they also claim to be lovers?

I'm trying to figure out what you think you're gaining by trying this silly approach. I honestly have no idea. I hope it works out for you.

Squeegee Beckenheim · 2nd October 2018, 06:55 AM

The White House has altered the official transcript of a press conference to edit out Trump insulting a reporter

The Great Zaganza · 2nd October 2018, 06:59 AM

Originally Posted by Squeegee Beckenheim

The White House has altered the official transcript of a press conference to edit out Trump insulting a reporter

Reality got it wrong again.

Belz... · 2nd October 2018, 07:02 AM

Originally Posted by Squeegee Beckenheim

The White House has altered the official transcript of a press conference to edit out Trump insulting a reporter

What an idiot.

Armitage72 · 2nd October 2018, 07:13 AM

Originally Posted by Squeegee Beckenheim

The White House has altered the official transcript of a press conference to edit out Trump insulting a reporter

It's such a shame that nobody has invented some sort of device that could record sound and images. It would have been useful to have one at the press conference.

Belz... · 2nd October 2018, 07:27 AM

Originally Posted by Armitage72

It's such a shame that nobody has invented some sort of device that could record sound and images. It would have been useful to have one at the press conference.

The bitch of it is, even the recording doesn't matter. Trump devotees will just take his word that it never happened, or that it was a joke or whatever, and ignore the evidence.

JoeMorgue · 2nd October 2018, 07:28 AM

Originally Posted by Belz...

The bitch of it is, even the recording doesn't matter. Trump devotees will just take his word that it never happened, or that it was a joke or whatever, and ignore the evidence.

Yeah and just think about how bad it's gonna get when the "Deep Fake" concept really does make everything suspect.

Belz... · 2nd October 2018, 07:31 AM

Originally Posted by JoeMorgue

Yeah and just think about how bad it's gonna get when the "Deep Fake" concept really does make everything suspect.

As I said earlier, I'm really worried that, whatever the results in November, the losers will find a way to delegitimise the results, and hurt US democracy even more.

Cabbage · 2nd October 2018, 07:46 AM

Originally Posted by theprestige

I'm hard pressed to name one where it isn't.

Do siblings of diplomats get visas if they also claim to be lovers?

LOL. Do you not know the meaning of the word "heterosexual"? Is that the problem?

theprestige · 2nd October 2018, 07:55 AM

Originally Posted by Squeegee Beckenheim

I'm trying to figure out what you think you're gaining by trying this silly approach. I honestly have no idea. I hope it works out for you.

I'm sure there's a discussion to be had about this, but we both know it isn't that kind of thread. So I will say simply that something presented without comment can be dismissed without comment.

carlitos · 2nd October 2018, 08:15 AM

Originally Posted by theprestige

I'm sure there's a discussion to be had about this, but we both know it isn't that kind of thread. So I will say simply that something presented without comment can be dismissed without comment.

Rabbit Season! Duck Season! Rabbit Season! Duck Season!

Squeegee Beckenheim · 2nd October 2018, 08:30 AM

Originally Posted by theprestige

I'm sure there's a discussion to be had about this, but we both know it isn't that kind of thread. So I will say simply that something presented without comment can be dismissed without comment.

What an odd thing to say.

theprestige · 2nd October 2018, 08:34 AM

Originally Posted by carlitos

Rabbit Season! Duck Season! Rabbit Season! Duck Season!

I'm sorry, am I disrupting Part Ten of your Two Minutes Hate?

Originally Posted by Squeegee Beckenheim

What an odd thing to say.

I feel exactly the same way about your post.

Segnosaur · 2nd October 2018, 09:45 AM

All I can say is: Ha ha!

From: https://www.cnbc.com/2018/10/02/trum...-declines.html
President Donald Trump's net worth has declined by more than $1 billion since the year he launched his presidential campaign at the foot of Trump Tower's escalator, Forbes reported Tuesday. The president's net worth stands at $3.1 billion, down from $4.5 billion in 2015...

I'm actually truly surprised. Not that Trump's net worth has declined. After all, much of his net worth is tied to the Trump 'brand', which now appears to be quite toxic. (for example, multiple buildings removing the Trump name). What I'm surprised at his that his net worth is still as high as it is. I can't see any new businesses wanting to associate with Trump (well, maybe a company that makes white sheets for KKK rallies might).

I also wonder if, in their analysis, whether they considered debt. (The suspicion is that Trump is heavily indebted to Russian interests, and his true Net worth could actually be zero.)

carlitos · 2nd October 2018, 09:54 AM

Including debt is why "net" is part of a "net worth" calculation.

Net worth = assets - liabilities

theprestige · 2nd October 2018, 10:01 AM

Hmmm... Net worth ultimately comes from two places, right? Investors, or revenues.

Either way, net worth is based on your assets, and assets are purchased with money. And money has to come from somewhere - either from the profitable use of the assets you already own, or from investors hoping to get a piece of your action.

If Trump is indebted to Russian interests to the tune of ~$3 billion, that's a pretty huge money trail. Where does it dead end?

Probably somewhere along the line:

Assets <-- Investors <-- Funding <-- Russians

Have the whistleblowers and investigative journalists of the world not looked into this yet? Or have they all tried and failed to get to the Russians at the bottom of it all?

carlitos · 2nd October 2018, 10:14 AM

Originally Posted by theprestige

Hmmm... Net worth ultimately comes from two places, right? Investors, or revenues.

This is a pretty unorthodox way to think of net worth. Investors can give you revenue**; it's not really "or" there. If investors give you revenue in return for a share of your assets, then your cash increases while your assets decrease, which would have zero effect on your net worth. Assuming you sold whatever thing at a fair market value.

** ETA - I should clarify that ongoing revenue is usually income from sales or ongoing business, not investment. Investment revenue is usually referred to as "capital."

Originally Posted by theprestige

Either way, net worth is based on your assets, and assets are purchased with money. And money has to come from somewhere - either from the profitable use of the assets you already own, or from investors hoping to get a piece of your action.

Money is an asset. Purchasing assets with money would also not affect your net worth, assuming a fair market transaction.

C_Felix · 2nd October 2018, 10:23 AM

Originally Posted by Squeegee Beckenheim

The White House has *altered* the official transcript of a press conference to edit out Trump insulting a reporter

Protip: Use asterisks

Segnosaur · 2nd October 2018, 11:16 AM

Originally Posted by carlitos

Including debt is why "net" is part of a "net worth" calculation.

Net worth = assets - liabilities

Yes, I should have clarified...

I wonder if they calculated the net worth, whether they included Trump's probable debt/liabilities.

Trump hasn't shown us his tax returns, nor has he given any real evidence what his assets and liabilities actually are. Lots of room for shady transactions or undeclared debts. In other words, what exactly was Forbes using to calculate his assets/debts?

Segnosaur · 2nd October 2018, 11:28 AM

Originally Posted by theprestige

Hmmm... Net worth ultimately comes from two places, right? Investors, or revenues.

Technically part of Trump's net worth comes from value in the "Trump Brand". A marketable name does have some value that doesn't come from Investors or revenues. Its why people drink Coke rather than "brown colored water with lots of sugar". (I suppose you could consider an increase in brand value as part of revenues if its the result of hard work to "build the brand", but brand names can gain value just by chance too.)

Quote:

Have the whistleblowers and investigative journalists of the world not looked into this yet? Or have they all tried and failed to get to the Russians at the bottom of it all?

Probably a combination of illegal transactions that nobody is going to talk about and confidentiality rules on legal transactions make things hard to investigate.

Remember, Manfort went a while with some pretty shady transactions before his crimes were discovered.

carlitos · 2nd October 2018, 11:38 AM

Originally Posted by Segnosaur

Yes, I should have clarified...

I wonder if they calculated the net worth, whether they included Trump's probable debt/liabilities.

Trump hasn't shown us his tax returns, nor has he given any real evidence what his assets and liabilities actually are. Lots of room for shady transactions or undeclared debts. In other words, what exactly was Forbes using to calculate his assets/debts?

I heard a podcast with a guy from Forbes discussing how they do it. Even without tax filings, asset valuation relies on many documents which are public record, like real estate comps and such. As for companies, you can use their earnings and calculate the worth by using comparable price/earnings ratios. Plus many high net worth people are willing to tell all. In the old days, Forbes might even have gotten a call from Trump's publicist "John Barron."

Segnosaur · 2nd October 2018, 11:53 AM

Originally Posted by carlitos

I heard a podcast with a guy from Forbes discussing how they do it. Even without tax filings, asset valuation relies on many documents which are public record, like real estate comps and such. As for companies, you can use their earnings and calculate the worth by using comparable price/earnings ratios.

But the problem is, the Trump Organization is a private organization (rather than a publically traded company), so at least some of that information won't be on public record. (When you have shareholders, you have to let the stockholders know what your company is doing. If you have a single owner reporting rules will differ.)

Quote:

Plus many high net worth people are willing to tell all. In the old days, Forbes might even have gotten a call from Trump's publicist "John Barron."

And everything Barron said would be confirmed by John Miller.

Stacko · 2nd October 2018, 12:37 PM

Self made from a small loan from my father.

https://www.nytimes.com/interactive/...red-trump.html

It must be nice to think of $413 million as a small loan.

Captain_Swoop · 2nd October 2018, 12:57 PM

Trump tweets

"Great reviews on the new USMCA. Thank you! Mexico and Canada will be wonderful partners in Trade (and more) long into the future."

"THE ONLY REASON TO VOTE FOR A DEMOCRAT IS IF YOU’RE TIRED OF WINNING!"

"“USMCA Wins Praise as a Victory for American Industries and Workers”"

Bob001 · 2nd October 2018, 12:58 PM

Originally Posted by Stacko

Self made from a small loan from my father.

https://www.nytimes.com/interactive/...red-trump.html

It must be nice to think of $413 million as a small loan.

I bet whoever lent it to you doesn't feel the same way.

Garrison · 2nd October 2018, 01:20 PM

And now this is a thing:

Trump: 'Scary and difficult time for young men' in US

Well especially if you are a young black man, but does anyone believe that's who he meant?

Lurch · 2nd October 2018, 01:30 PM

Originally Posted by Captain_Swoop

Trump tweets

"Great reviews on the new USMCA. Thank you! Mexico and Canada will be wonderful partners in Trade (and more) long into the future."

"THE ONLY REASON TO VOTE FOR A DEMOCRAT IS IF YOU’RE TIRED OF WINNING!"

"“USMCA Wins Praise as a Victory for American Industries and Workers”"

It's always "reviews" with this reality TV Prez.

Tsukasa Buddha · 2nd October 2018, 01:40 PM

Originally Posted by Stacko

Self made from a small loan from my father.

https://www.nytimes.com/interactive/...red-trump.html

It must be nice to think of $413 million as a small loan.

Further:

Quote:

The New York State Tax Department is looking into the allegations laid in an exhaustive New York Times investigation into Donald Trump and his family's business dealings, CNBC has learned.

Linky.

phiwum · 2nd October 2018, 01:42 PM

Originally Posted by theprestige

I'm hard pressed to name one where it isn't.

Do siblings of diplomats get visas if they also claim to be lovers?

I wondered if this was your lame take.

The challenge comes down to this: name a country where no man is allowed to marry a woman. If you want to be pedantic, I can state it in terms of quantifiers of first order logic. Name a country in which, for all x such that x is a man and for all y such that y is a woman, x cannot marry y.

That is the relevant point, as you well know. You're diddling, sir, and you know it.

Mumbles · 2nd October 2018, 01:57 PM

Originally Posted by Garrison

And now this is a thing:

Trump: 'Scary and difficult time for young men' in US

Well especially if you are a young black man, but does anyone believe that's who he meant?

And Native men. And LGBT men. And I could go on, but of course, Dolt 45 considers both groups vaguely subhuman, as he's a white supremacist.

I also note the entire lack of consideration for women.

See, when people discuss white male privilege, this is it in it's purest form. The standard his young men are scared of is the one I'd love to have grown up with.

Tsukasa Buddha · 2nd October 2018, 02:28 PM

Quote:

The Trump administration is quietly moving to weaken U.S. radiation regulations, turning to scientific outliers who argue that a bit of radiation damage is actually good for you — like a little bit of sunlight.

Linky.

Belz... · 2nd October 2018, 02:49 PM

Originally Posted by Tsukasa Buddha

Linky.

Yeah but the article is immediately guilty of a bit of misdirection though:

Quote:

The government’s current, decades-old guidance says that any exposure to harmful radiation is a cancer risk.

Yeah, harmful stuff tends to harm. But we're exposed to radiation every day, constantly. It's not crazy to think that low-levels of radiation are not harmful. The question is, how much is, and it's not very ethical to test this on humans.

phiwum · 2nd October 2018, 02:54 PM

Originally Posted by Belz...

Yeah but the article is immediately guilty of a bit of misdirection though:

Yeah, harmful stuff tends to harm. But we're exposed to radiation every day, constantly. It's not crazy to think that low-levels of radiation are not harmful. The question is, how much is, and it's not very ethical to test this on humans.

Rather depends on the humans.

I volunteer my students. Most of them pass for human.

I also volunteer Belz..., but have no idea if he passes.

Belz... · 2nd October 2018, 05:34 PM

Originally Posted by phiwum

I also volunteer Belz..., but have no idea if he passes.

Careful. You have no idea what abilities I might develop.

acbytesla · 2nd October 2018, 06:14 PM

Originally Posted by Segnosaur

All I can say is: Ha ha!

From: https://www.cnbc.com/2018/10/02/trum...-declines.html
President Donald Trump's net worth has declined by more than $1 billion since the year he launched his presidential campaign at the foot of Trump Tower's escalator, Forbes reported Tuesday. The president's net worth stands at $3.1 billion, down from $4.5 billion in 2015...

I'm actually truly surprised. Not that Trump's net worth has declined. After all, much of his net worth is tied to the Trump 'brand', which now appears to be quite toxic. (for example, multiple buildings removing the Trump name). What I'm surprised at his that his net worth is still as high as it is. I can't see any new businesses wanting to associate with Trump (well, maybe a company that makes white sheets for KKK rallies might).

I also wonder if, in their analysis, whether they considered debt. (The suspicion is that Trump is heavily indebted to Russian interests, and his true Net worth could actually be zero.)

High end New York real estate values have been flat and even falling for the last few years. A great deal of that is the result of huge projects particularly on the West Side like Hudson Yards and Manhattan West.

JoeMorgue · 2nd October 2018, 06:17 PM

Originally Posted by Belz...

Yeah, harmful stuff tends to harm. But we're exposed to radiation every day, constantly. It's not crazy to think that low-levels of radiation are not harmful.

Basically it's the difference between California Cancer and Cancer everywhere else.

newyorkguy · 2nd October 2018, 06:40 PM

What an incredible guy. A millionaire by the time he was eight!

Quote:

While The Times was not able to review Trump's personal tax returns — which he has refused to release, breaking with decades of precedent for presidential nominees — it examined "trove of confidential tax returns and financial records." They revealed Trump received at least $413 million in today's dollars from when he was a small child through the present day.

By the time he was 3 years old, Donald Trump was earning $200,000 per year in today's dollars. By the time he was 8 years old, he was a millionaire. Times link

2nd October 2018, 05:17 AM	#121
Belz... Fiend God Join Date: Oct 2005 Location: In the details Posts: 78,323	Originally Posted by Fast Eddie B So, which character do you see the President as? Oh, the one in the hard hat. Just give him a shovel so he can mine coal.
	__________________ Master of the Shining Darkness "My views are nonsense. So what?" - BobTheCoward

2nd October 2018, 06:28 AM	#122
Segnosaur Penultimate Amazing Join Date: Jan 2002 Posts: 12,260	Originally Posted by Fast Eddie B So, which character do you see the President as? https://www.robotbutt.com/wp-content...5429510252.jpg I notice this particular pic of the village people doesnt have the military people. Not that anyone would think stubby mcbonespurs would match one. Sent from my LG-K121 using Tapatalk
	__________________ Trust me, I know what I'm doing. - Sledgehammer I'm Mary Poppin's Y'all! - Yondu We are Groot - Groot

2nd October 2018, 06:54 AM	#124
Squeegee Beckenheim Penultimate Amazing Join Date: Dec 2010 Posts: 23,118	Originally Posted by theprestige I'm hard pressed to name one where it isn't. Do siblings of diplomats get visas if they also claim to be lovers? I'm trying to figure out what you think you're gaining by trying this silly approach. I honestly have no idea. I hope it works out for you.
	__________________ I don't trust atoms. They make up everything.

2nd October 2018, 06:55 AM	#125
Squeegee Beckenheim Penultimate Amazing Join Date: Dec 2010 Posts: 23,118	The White House has altered the official transcript of a press conference to edit out Trump insulting a reporter
	__________________ I don't trust atoms. They make up everything.

2nd October 2018, 06:59 AM	#126
The Great Zaganza Maledictorian Join Date: Aug 2016 Posts: 6,764	Originally Posted by Squeegee Beckenheim The White House has altered the official transcript of a press conference to edit out Trump insulting a reporter Reality got it wrong again.
	__________________ Opinion is divided on the subject. All the others say it is; I say it isn’t.

2nd October 2018, 06:44 AM	#123
theprestige Penultimate Amazing Join Date: Aug 2007 Posts: 31,633	Originally Posted by Squeegee Beckenheim Really? Please name some countries where heterosexual marriage is outlawed. I'm hard pressed to name one where it isn't. Do siblings of diplomats get visas if they also claim to be lovers?

2nd October 2018, 07:02 AM	#127
Belz... Fiend God Join Date: Oct 2005 Location: In the details Posts: 78,323	Originally Posted by Squeegee Beckenheim The White House has altered the official transcript of a press conference to edit out Trump insulting a reporter What an idiot.
	__________________ Master of the Shining Darkness "My views are nonsense. So what?" - BobTheCoward

2nd October 2018, 07:13 AM	#128
Armitage72 Master Poster Join Date: Mar 2012 Posts: 2,521	Originally Posted by Squeegee Beckenheim The White House has altered the official transcript of a press conference to edit out Trump insulting a reporter It's such a shame that nobody has invented some sort of device that could record sound and images. It would have been useful to have one at the press conference.

2nd October 2018, 07:27 AM	#129
Belz... Fiend God Join Date: Oct 2005 Location: In the details Posts: 78,323	Originally Posted by Armitage72 It's such a shame that nobody has invented some sort of device that could record sound and images. It would have been useful to have one at the press conference. The bitch of it is, even the recording doesn't matter. Trump devotees will just take his word that it never happened, or that it was a joke or whatever, and ignore the evidence.
	__________________ Master of the Shining Darkness "My views are nonsense. So what?" - BobTheCoward

2nd October 2018, 07:28 AM	#130
JoeMorgue Self Employed Remittance Man Join Date: Nov 2009 Location: Florida Posts: 15,938	Originally Posted by Belz... The bitch of it is, even the recording doesn't matter. Trump devotees will just take his word that it never happened, or that it was a joke or whatever, and ignore the evidence. Yeah and just think about how bad it's gonna get when the "Deep Fake" concept really does make everything suspect.
	__________________ - "Ernest Hemingway once wrote that the world is a fine place and worth fighting for. I agree with the second part." - Detective Sommerset - "Stupidity does not cancel out stupidity to yield genius. It breeds like a bucket-full of coked out hamsters." - The Oatmeal - "To the best of my knowledge the only thing philosophy has ever proven is that Descartes could think." - SMBC

2nd October 2018, 07:31 AM	#131
Belz... Fiend God Join Date: Oct 2005 Location: In the details Posts: 78,323	Originally Posted by JoeMorgue Yeah and just think about how bad it's gonna get when the "Deep Fake" concept really does make everything suspect. As I said earlier, I'm really worried that, whatever the results in November, the losers will find a way to delegitimise the results, and hurt US democracy even more.
	__________________ Master of the Shining Darkness "My views are nonsense. So what?" - BobTheCoward

2nd October 2018, 07:46 AM	#132
Cabbage Muse Join Date: Nov 2002 Posts: 727	Originally Posted by theprestige I'm hard pressed to name one where it isn't. Do siblings of diplomats get visas if they also claim to be lovers? LOL. Do you not know the meaning of the word "heterosexual"? Is that the problem?
Cabbage Muse Join Date: Nov 2002 Posts: 727

2nd October 2018, 07:55 AM	#133
theprestige Penultimate Amazing Join Date: Aug 2007 Posts: 31,633	Originally Posted by Squeegee Beckenheim I'm trying to figure out what you think you're gaining by trying this silly approach. I honestly have no idea. I hope it works out for you. I'm sure there's a discussion to be had about this, but we both know it isn't that kind of thread. So I will say simply that something presented without comment can be dismissed without comment.

2nd October 2018, 08:15 AM	#134
carlitos "más divertido" Join Date: Jul 2009 Posts: 19,249	tastes great! less filling! Originally Posted by theprestige I'm sure there's a discussion to be had about this, but we both know it isn't that kind of thread. So I will say simply that something presented without comment can be dismissed without comment. Rabbit Season! Duck Season! Rabbit Season! Duck Season!

2nd October 2018, 08:30 AM	#135
Squeegee Beckenheim Penultimate Amazing Join Date: Dec 2010 Posts: 23,118	Originally Posted by theprestige I'm sure there's a discussion to be had about this, but we both know it isn't that kind of thread. So I will say simply that something presented without comment can be dismissed without comment. What an odd thing to say.
	__________________ I don't trust atoms. They make up everything.

2nd October 2018, 08:34 AM	#136
theprestige Penultimate Amazing Join Date: Aug 2007 Posts: 31,633	Originally Posted by carlitos Rabbit Season! Duck Season! Rabbit Season! Duck Season! I'm sorry, am I disrupting Part Ten of your Two Minutes Hate? Originally Posted by Squeegee Beckenheim What an odd thing to say. I feel exactly the same way about your post.

2nd October 2018, 09:45 AM	#137
Segnosaur Penultimate Amazing Join Date: Jan 2002 Posts: 12,260	All I can say is: Ha ha! From: https://www.cnbc.com/2018/10/02/trum...-declines.html President Donald Trump's net worth has declined by more than $1 billion since the year he launched his presidential campaign at the foot of Trump Tower's escalator, Forbes reported Tuesday. The president's net worth stands at $3.1 billion, down from $4.5 billion in 2015... I'm actually truly surprised. Not that Trump's net worth has declined. After all, much of his net worth is tied to the Trump 'brand', which now appears to be quite toxic. (for example, multiple buildings removing the Trump name). What I'm surprised at his that his net worth is still as high as it is. I can't see any new businesses wanting to associate with Trump (well, maybe a company that makes white sheets for KKK rallies might). I also wonder if, in their analysis, whether they considered debt. (The suspicion is that Trump is heavily indebted to Russian interests, and his true Net worth could actually be zero.)
	__________________ Trust me, I know what I'm doing. - Sledgehammer I'm Mary Poppin's Y'all! - Yondu We are Groot - Groot

2nd October 2018, 09:54 AM	#138
carlitos "más divertido" Join Date: Jul 2009 Posts: 19,249	Including debt is why "net" is part of a "net worth" calculation. Net worth = assets - liabilities

2nd October 2018, 10:01 AM	#139
theprestige Penultimate Amazing Join Date: Aug 2007 Posts: 31,633	Hmmm... Net worth ultimately comes from two places, right? Investors, or revenues. Either way, net worth is based on your assets, and assets are purchased with money. And money has to come from somewhere - either from the profitable use of the assets you already own, or from investors hoping to get a piece of your action. If Trump is indebted to Russian interests to the tune of ~$3 billion, that's a pretty huge money trail. Where does it dead end? Probably somewhere along the line: Assets <-- Investors <-- Funding <-- Russians Have the whistleblowers and investigative journalists of the world not looked into this yet? Or have they all tried and failed to get to the Russians at the bottom of it all?

2nd October 2018, 10:14 AM	#140
carlitos "más divertido" Join Date: Jul 2009 Posts: 19,249	Originally Posted by theprestige Hmmm... Net worth ultimately comes from two places, right? Investors, or revenues. This is a pretty unorthodox way to think of net worth. Investors can give you revenue; it's not really "or" there. If investors give you revenue in return for a share of your assets, then your cash increases while your assets decrease, which would have zero effect on your net worth. Assuming you sold whatever thing at a fair market value. ETA - I should clarify that ongoing revenue is usually income from sales or ongoing business, not investment. Investment revenue is usually referred to as "capital." Originally Posted by theprestige Either way, net worth is based on your assets, and assets are purchased with money. And money has to come from somewhere - either from the profitable use of the assets you already own, or from investors hoping to get a piece of your action. Money is an asset. Purchasing assets with money would also not affect your net worth, assuming a fair market transaction.
	Last edited by carlitos; 2nd October 2018 at 10:16 AM.

2nd October 2018, 10:23 AM	#141
C_Felix Master Poster Join Date: Jul 2009 Location: Just outside Raleigh, NC Posts: 2,905	Originally Posted by Squeegee Beckenheim The White House has altered the official transcript of a press conference to edit out Trump insulting a reporter Protip: Use asterisks
	__________________ Eqinsu Ocha! Eqinsu Ocha!

2nd October 2018, 11:16 AM	#142
Segnosaur Penultimate Amazing Join Date: Jan 2002 Posts: 12,260	Originally Posted by carlitos Including debt is why "net" is part of a "net worth" calculation. Net worth = assets - liabilities Yes, I should have clarified... I wonder if they calculated the net worth, whether they included Trump's probable debt/liabilities. Trump hasn't shown us his tax returns, nor has he given any real evidence what his assets and liabilities actually are. Lots of room for shady transactions or undeclared debts. In other words, what exactly was Forbes using to calculate his assets/debts?
	__________________ Trust me, I know what I'm doing. - Sledgehammer I'm Mary Poppin's Y'all! - Yondu We are Groot - Groot

2nd October 2018, 11:28 AM	#143
Segnosaur Penultimate Amazing Join Date: Jan 2002 Posts: 12,260	Originally Posted by theprestige Hmmm... Net worth ultimately comes from two places, right? Investors, or revenues. Technically part of Trump's net worth comes from value in the "Trump Brand". A marketable name does have some value that doesn't come from Investors or revenues. Its why people drink Coke rather than "brown colored water with lots of sugar". (I suppose you could consider an increase in brand value as part of revenues if its the result of hard work to "build the brand", but brand names can gain value just by chance too.) Quote: Have the whistleblowers and investigative journalists of the world not looked into this yet? Or have they all tried and failed to get to the Russians at the bottom of it all? Probably a combination of illegal transactions that nobody is going to talk about and confidentiality rules on legal transactions make things hard to investigate. Remember, Manfort went a while with some pretty shady transactions before his crimes were discovered.
	__________________ Trust me, I know what I'm doing. - Sledgehammer I'm Mary Poppin's Y'all! - Yondu We are Groot - Groot

2nd October 2018, 11:38 AM	#144
carlitos "más divertido" Join Date: Jul 2009 Posts: 19,249	Originally Posted by Segnosaur Yes, I should have clarified... I wonder if they calculated the net worth, whether they included Trump's probable debt/liabilities. Trump hasn't shown us his tax returns, nor has he given any real evidence what his assets and liabilities actually are. Lots of room for shady transactions or undeclared debts. In other words, what exactly was Forbes using to calculate his assets/debts? I heard a podcast with a guy from Forbes discussing how they do it. Even without tax filings, asset valuation relies on many documents which are public record, like real estate comps and such. As for companies, you can use their earnings and calculate the worth by using comparable price/earnings ratios. Plus many high net worth people are willing to tell all. In the old days, Forbes might even have gotten a call from Trump's publicist "John Barron."

2nd October 2018, 11:53 AM	#145
Segnosaur Penultimate Amazing Join Date: Jan 2002 Posts: 12,260	Originally Posted by carlitos I heard a podcast with a guy from Forbes discussing how they do it. Even without tax filings, asset valuation relies on many documents which are public record, like real estate comps and such. As for companies, you can use their earnings and calculate the worth by using comparable price/earnings ratios. But the problem is, the Trump Organization is a private organization (rather than a publically traded company), so at least some of that information won't be on public record. (When you have shareholders, you have to let the stockholders know what your company is doing. If you have a single owner reporting rules will differ.) Quote: Plus many high net worth people are willing to tell all. In the old days, Forbes might even have gotten a call from Trump's publicist "John Barron." And everything Barron said would be confirmed by John Miller.
	__________________ Trust me, I know what I'm doing. - Sledgehammer I'm Mary Poppin's Y'all! - Yondu We are Groot - Groot

2nd October 2018, 12:37 PM	#146
Stacko Penultimate Amazing Join Date: Sep 2007 Posts: 10,535	Self made from a small loan from my father. https://www.nytimes.com/interactive/...red-trump.html It must be nice to think of $413 million as a small loan.

2nd October 2018, 12:57 PM	#147
Captain_Swoop Penultimate Amazing Join Date: Jun 2010 Posts: 19,020	Trump tweets "Great reviews on the new USMCA. Thank you! Mexico and Canada will be wonderful partners in Trade (and more) long into the future." "THE ONLY REASON TO VOTE FOR A DEMOCRAT IS IF YOU’RE TIRED OF WINNING!" "“USMCA Wins Praise as a Victory for American Industries and Workers”"

2nd October 2018, 12:58 PM	#148
Bob001 Philosopher Join Date: Dec 2006 Posts: 8,345	Originally Posted by Stacko Self made from a small loan from my father. https://www.nytimes.com/interactive/...red-trump.html It must be nice to think of $413 million as a small loan. I bet whoever lent it to you doesn't feel the same way.
Bob001 Philosopher Join Date: Dec 2006 Posts: 8,345

2nd October 2018, 01:20 PM	#149
Garrison Illuminator Join Date: Sep 2011 Posts: 4,586	And now this is a thing: Trump: 'Scary and difficult time for young men' in US Well especially if you are a young black man, but does anyone believe that's who he meant?
Garrison Illuminator Join Date: Sep 2011 Posts: 4,586	__________________ So I've started a blog about my writing. Check it out at: http://fourth-planet-problem.blogspot.com/ And my first book is on Amazon: https://www.amazon.com/dp/B077W322FX

2nd October 2018, 01:30 PM	#150
Lurch Muse Join Date: Sep 2016 Posts: 637	Originally Posted by Captain_Swoop Trump tweets "Great reviews on the new USMCA. Thank you! Mexico and Canada will be wonderful partners in Trade (and more) long into the future." "THE ONLY REASON TO VOTE FOR A DEMOCRAT IS IF YOU’RE TIRED OF WINNING!" "“USMCA Wins Praise as a Victory for American Industries and Workers”" It's always "reviews" with this reality TV Prez.
Lurch Muse Join Date: Sep 2016 Posts: 637

2nd October 2018, 01:40 PM	#151
Tsukasa Buddha Other (please write in) Join Date: Sep 2006 Location: NeverLand Posts: 15,021	Originally Posted by Stacko Self made from a small loan from my father. https://www.nytimes.com/interactive/...red-trump.html It must be nice to think of $413 million as a small loan. Further: Quote: The New York State Tax Department is looking into the allegations laid in an exhaustive New York Times investigation into Donald Trump and his family's business dealings, CNBC has learned. Linky.
	__________________ As cultural anthropologists have always said "human culture" = "human nature". You might as well put a fish on the moon to test how it "swims naturally" without the "influence of water". -Earthborn

2nd October 2018, 01:42 PM	#152
phiwum Penultimate Amazing Join Date: Aug 2010 Posts: 10,975	Originally Posted by theprestige I'm hard pressed to name one where it isn't. Do siblings of diplomats get visas if they also claim to be lovers? I wondered if this was your lame take. The challenge comes down to this: name a country where no man is allowed to marry a woman. If you want to be pedantic, I can state it in terms of quantifiers of first order logic. Name a country in which, for all x such that x is a man and for all y such that y is a woman, x cannot marry y. That is the relevant point, as you well know. You're diddling, sir, and you know it.

2nd October 2018, 01:57 PM	#153
Mumbles Philosopher Join Date: Dec 2008 Posts: 6,602	Originally Posted by Garrison And now this is a thing: Trump: 'Scary and difficult time for young men' in US Well especially if you are a young black man, but does anyone believe that's who he meant? And Native men. And LGBT men. And I could go on, but of course, Dolt 45 considers both groups vaguely subhuman, as he's a white supremacist. I also note the entire lack of consideration for women. See, when people discuss white male privilege, this is it in it's purest form. The standard his young men are scared of is the one I'd love to have grown up with.
Mumbles Philosopher Join Date: Dec 2008 Posts: 6,602

2nd October 2018, 02:28 PM	#154
Tsukasa Buddha Other (please write in) Join Date: Sep 2006 Location: NeverLand Posts: 15,021	Quote: The Trump administration is quietly moving to weaken U.S. radiation regulations, turning to scientific outliers who argue that a bit of radiation damage is actually good for you — like a little bit of sunlight. Linky.
	__________________ As cultural anthropologists have always said "human culture" = "human nature". You might as well put a fish on the moon to test how it "swims naturally" without the "influence of water". -Earthborn

2nd October 2018, 02:49 PM	#155
Belz... Fiend God Join Date: Oct 2005 Location: In the details Posts: 78,323	Originally Posted by Tsukasa Buddha Linky. Yeah but the article is immediately guilty of a bit of misdirection though: Quote: The government’s current, decades-old guidance says that any exposure to harmful radiation is a cancer risk. Yeah, harmful stuff tends to harm. But we're exposed to radiation every day, constantly. It's not crazy to think that low-levels of radiation are not harmful. The question is, how much is, and it's not very ethical to test this on humans.
	__________________ Master of the Shining Darkness "My views are nonsense. So what?" - BobTheCoward