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PostPosted: Wed Aug 03, 2016 10:03 am 
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Depending on whom you ask, the numbers vary. Bloomberg estimates Donald Trump's personal wealth at $2.9 billion, but Trump says $10 billion.

How wealthy is Donald Trump? I am more interested for purposes of how effective a President he would be in how well he created jobs for the American people. He has rightly pointed out that our nation is suffering and not being able to service our debts because our businesses and factories have shut down here and have moved to other countries where labor is cheaper and where regulations are less, etc. We have disabled ourselves economically as a nation! As Trump has pointed out in the industrial cities he has campaigned in, hundreds of factories have closed across our land, killing jobs. We need to stop unfair trade practices with other countries, bring down corporate and other tax rates, and bring jobs back to America. As Gov. Huckabee has long pointed out, implementing the Fair Tax would go far to returning the wealth to the people of this land, and it would shut down the off-shore banking and trade, where people hide their income from the IRS. That alone would bring an estimated $3 trillion into our economy.

What kind of a job creator is Donald J. Trump?

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A CNNMoney analysis calculates at least 34,000 jobs attributable to the Donald.

It's not the most straightforward calculation. His company, The Trump Organization, is private, so it does not have to disclose information publicly about how much money it makes or how many people it employs. His campaign didn't give a specific figure either.

CNNMoney turned to PrivCo, which researches and tracks privately-held companies.

According to PrivCo, the Trump Organization has 22,450 employees and brought in $9.5 billion in annual revenue last year.

But that's not the whole picture. There are likely other jobs that might not exist without Trump. Economists call this the "multiplier effect."

New York's Broadway shows are a good example. Visitors who come to see shows, may stay at least a night or two at New York City hotels and spend money at restaurants and stores. So any analysis on the economic and job impact of Broadway takes into account more than just ticket sales and employment of actors, singers and stage hands.

The same holds true for Trump's resorts and hotels.

Consider Ricardo Ara, the 24-year-old who works in the Koi Soho restaurant in the Trump SoHo Hotel. His story made news last month because Ara is an illegal immigrant from Mexico who has the right to work at the restaurant in Trump's hotel because of Deferred Action for Childhood Arrivals, a program Trump wants to end.

Ara is technically employed by the restaurant, not the Trump Organization, but his job probably wouldn't exist if the hotel weren't there.

The state of New York says that "leisure and hospitality" companies like Trump's typically have a 1.5 multiplier effect.

Using that multiplier, the Trump Organization is responsible for about 34,000 jobs.

...
On the plus side for Trump, his name appears on many businesses he doesn't fully own, and he's been part of a successful television franchise with "The Apprentice" on NBC. It's possible to argue that he should get credit for some jobs in those ventures as well, even if they weren't part of the Trump Organization.

A more generous estimate would be to view the Trump Organization as a financial services or management company. Then the employment multiplier would be 3. That would bring jobs attributable to Trump to 67,000.

For comparison, a similar company Wynn Resorts (WYNN) has about 17,000 employees and $5.4 billion in revenue, and MGM Resorts (MGM) has 62,000 employees and took in $10 billion in revenue last year, according to FactSet.

http://money.cnn.com/2015/09/03/news/ec ... index.html



Many people hope Trump can do the same for America, as he has pledged to do to the best of his ability.

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PostPosted: Wed Aug 03, 2016 8:32 pm 
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The articles I've read seemed to indicate that, at least in Atlantic City, his casino/hotel investment did little to nothing for local employment and economic growth. That's not surprising since casinos aren't really a great long term win for an economy. What I'm hoping for is that a Trump presidency will stay out of the way! No more new regulations, no more new taxes and hopefully a reduction in both. Ideally, we can get Congress to pass the fairtax which I believe he would sign (I am pretty sure Clinton would veto it) which would grow the economy like gangbusters without any additional help from Washington. We don't need more intervention in the economy, we need less and it's going to be up to Congress to accomplish that.

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PostPosted: Thu Aug 04, 2016 11:37 pm 
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juditupp wrote:
The articles I've read seemed to indicate that, at least in Atlantic City, his casino/hotel investment did little to nothing for local employment and economic growth. That's not surprising since casinos aren't really a great long term win for an economy. What I'm hoping for is that a Trump presidency will stay out of the way! No more new regulations, no more new taxes and hopefully a reduction in both. Ideally, we can get Congress to pass the fairtax which I believe he would sign (I am pretty sure Clinton would veto it) which would grow the economy like gangbusters without any additional help from Washington. We don't need more intervention in the economy, we need less and it's going to be up to Congress to accomplish that.


I was not impressed with the casinos in Atlantic City, but of course I do not gamble and would not like much of the other atmosphere that often comes with casinos. In a way, I am glad they failed. Those business ventures began early in the 1980's, never made much money probably partly because interest rates were so high back then. And many businesses were declaring bankruptcy; Trump's seemed to be reorganization bankruptcies that allowed the businesses to continue in some way, keeping most of the jobs, etc. In Atlantic City, there was too much competition with too many casinos. America did not need another Vegas.

It seems that Trump has a much better feel for his home state of New York. He was able to change the New York skyline in a pretty impressive way.

Yes, we need less regulation and more freedom for businesses, including lowering corporate taxes (ours are among the highest in the world) and going to a Fair Tax would be wonderful! I'm remembering how much I loved the business plan that Mike Huckabee wrote about in his book, A Simple Government. I need to get out that excellent book on money and government again to read.

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PostPosted: Tue Aug 09, 2016 8:04 am 
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Forbes places Donald Trump's wealth as third among New York realtor billionaires. Prior to the resurgence of value in real estate, his wealth was listed at $2.9 billion (in 2007). In 2016, that wealth has risen to $4.5 billion.

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PostPosted: Thu Aug 11, 2016 3:16 pm 
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He is not wealthy enough or too greedy to contribute towards his own advertising fund. Or perhaps he knows that it would be money down the toilet at this point. I believe all of the above. His supporters will most likely turn on him in November when they realize that he conned them.

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PostPosted: Tue Aug 16, 2016 12:16 am 
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colinashley wrote:
He is not wealthy enough or too greedy to contribute towards his own advertising fund. Or perhaps he knows that it would be money down the toilet at this point. I believe all of the above. His supporters will most likely turn on him in November when they realize that he conned them.


What are you talking about, colinashley? Trump has been self-funding most of his campaign, spending over $50 million of his own money.

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