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The Net Worth Of Every 2020 Presidential Candidate

Discussion in 'Current Events' started by Mrlucky, Aug 17, 2019.

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  1. cd8ed

    cd8ed Well-Known Member Past Donor

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    Some people don’t have the stomach for the stock market.
     
    cd8ed, Aug 17, 2019
    #26
  2. Market Junkie

    Market Junkie Banned

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    Market Junkie, Aug 17, 2019
    #27
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  3. cd8ed

    cd8ed Well-Known Member Past Donor

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    I never made that indication in the slightest.

    Sorry you assumed that
     
    cd8ed, Aug 17, 2019
    #28
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  4. ArchStanton

    ArchStanton Banned

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    You don't know that many people and PhDs and masters aren't a direct corollary to intelligence.

    I friggin laugh my ass off at people who think they can retire at 65 with a couple hundred grand.....and think they're gonna live on an island or some other high dollar destination. Good luck eating cat food in your old age. :roflol:

    There is NO person to whom money is meaningless.....you gotta eat and put a roof over your head. And don't hold your friggin hand out to the government because the government doesn't pay taxes that funds free **** programs....that burden is on people who actually UNDERSTAND money has meaning and pays taxes.
     
    ArchStanton, Aug 17, 2019
    #29
  5. cd8ed

    cd8ed Well-Known Member Past Donor

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    It isn’t a high dollar destination. It’s a little known island which she already owns land at.
     
    cd8ed, Aug 17, 2019
    #30
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  6. Egoboy

    Egoboy Well-Known Member Donor

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    Well, it's surprising that his "net worth" is only listed at 100K then.... I hope he's not one of those people who spend their entire salary and don't put something away and try and grow it.

    I know a lot of intelligent people who don't do that, and it will cost them in the end...

    Need to save early and as much as you can... The absolute best lesson my late mom taught me (in addition to getting me hooked up to Charles Schwab)
     
    Egoboy, Aug 17, 2019
    #31
  7. ArchStanton

    ArchStanton Banned

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    Nah man, you gotta live like there's no tomorrow. Paycheck to paycheck, it's the way of 'Mericans. Besides, I hear there's a secret island where you can retire for peanuts. :applause:
     
    ArchStanton, Aug 17, 2019
    #32
  8. Bluesguy

    Bluesguy Well-Known Member Donor

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    No you left out the fact she has a full retirement package.
     
    Bluesguy, Aug 17, 2019
    #33
  9. cd8ed

    cd8ed Well-Known Member Past Donor

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    It’s not a secret, just in Belize.
    Various other islands where the cost of living is insanely small compared to the US
     
    cd8ed, Aug 17, 2019
    #34
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  10. Bluesguy

    Bluesguy Well-Known Member Donor

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    Doesn't take stomach just long term planning and if you aren't willing to invest then don't cry about people who do and get wealthy or retire with a nice nest egg at the least.

    "No I don't invest because I don't have the stomach but we need to raise capital gains taxes on those who do so I can benefit from their gains, their losses are all on them I don't want to share in those".
     
    Bluesguy, Aug 17, 2019
    #35
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  11. WillReadmore

    WillReadmore Well-Known Member

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    Agreed.

    But, to do that you need an income that is higher than your cost of living, and you damn well better not need medical attention.
     
    WillReadmore, Aug 17, 2019
    #36
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  12. cd8ed

    cd8ed Well-Known Member Past Donor

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    I don’t know what you are talking about?

    I invest heavily in the stock market and believe capital gains in a joke. Losses are already tax deductible
    Income should be income.
    No loopholes.
     
    cd8ed, Aug 17, 2019
    #37
  13. Bluesguy

    Bluesguy Well-Known Member Donor

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    Well yes if you want to give up what you give up and deal with living in a country or island without the conveniences and accommodations we have here. It's not a matter of OH I cut my living expenses in half, it's also I cut my living in half.
     
    Bluesguy, Aug 17, 2019
    #38
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  14. Bluesguy

    Bluesguy Well-Known Member Donor

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    I was quite clear in responding to your statement some don't have the stomach for the stock market what did you think I was referring to. And losses are only deductible against profits. And no income is not income is not income, there's all sorts of income. So again to those who don't have the stomach to invest in the stock market, your sister included?, then don't whine about capital gains and wanting to tax them so you can benefit from those who do take the risk but don't want to share in their losses.
     
    Bluesguy, Aug 17, 2019
    #39
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  15. WillReadmore

    WillReadmore Well-Known Member

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    As you point out, we do subsidize losses. We even subsiize total loss through bankruptcy, preventing those owed money from collecting it. That's pretty good coverage for those who choose to take on various kinds of risk.

    In fact, our stock market is protected through the SEC, banking regulation, etc., etc.

    So, why should we not tax gains made through that risk taking that we pay to protect?
     
    WillReadmore, Aug 17, 2019
    #40
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  16. Egoboy

    Egoboy Well-Known Member Donor

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    Well, we all need some sort of medical attention, but in your prime earning years (30-45), hopefully it's mostly preventative.

    But anybody who has a cost of living that is higher than their income needs to adjust their cost of living ASAP... that's normally a lot easier to adjust than income...
     
    Egoboy, Aug 17, 2019
    #41
  17. ArchStanton

    ArchStanton Banned

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    Liberals: A million dollar capital gain? Tax the **** of them. A million dollar capital loss? Uh, well you get to deduct $3,000 per year.
     
    ArchStanton, Aug 17, 2019
    #42
  18. apexofpurple

    apexofpurple Well-Known Member

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    Do you mean sad for a politician, heh? The very generalized after debt average for your typical 40 year old America is around $75-80k. Politicians however
     
    apexofpurple, Aug 17, 2019
    #43
  19. cd8ed

    cd8ed Well-Known Member Past Donor

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    Surely you can formulate an independent thought without resorting to straw men and assumptions.

    Maybe not
     
    cd8ed, Aug 17, 2019
    #44
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  20. WillReadmore

    WillReadmore Well-Known Member

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    I agree, but the catch is that LOTS of Americans have incomes low enough that having a meaningful savings program is not in the cards.

    So for example, we see people skimping on proper diet and thus gaining to much weight and ending up needing healthcare. Or, we see people who have to take care of relatives who can't work, etc.

    Of course, part of that comes from poor education (such as with diet) and other sources of impediments to good decision making.
     
    WillReadmore, Aug 17, 2019
    #45
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  21. WillReadmore

    WillReadmore Well-Known Member

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    Maybe not oriented to selling himself to special interests.
     
    WillReadmore, Aug 17, 2019
    #46
  22. ArchStanton

    ArchStanton Banned

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    If I had a dollar for every time I heard a liberal yapping about taxing the rich.......

    Own it. If you're gonna be a liberal, just own it. We get it. Envy is 10x worse than greed.
     
    ArchStanton, Aug 17, 2019
    #47
  23. Egoboy

    Egoboy Well-Known Member Donor

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    No, I mean sad for a guy with his background....This guy is NOT a typical America(n)...

    HS Valedictorian
    Harvard
    Rhodes Scholar
    Mayor of a decent size city for 8 years

    Net Worth of 100K just sounds sad to me at 37... I know there's exceptions to be made for his military service time, but it's sad...
     
    Last edited: Aug 17, 2019
    Egoboy, Aug 17, 2019
    #48
  24. 61falcon

    61falcon Well-Known Member

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    I doubt Bifdens wealth as he has very large outstanding mortgage debt on the two homes he owns, even though he bought his original home years ago for $350,000 it is now valued way over a million.Jill Biden only earned $24,000 for a childrens book she wrote.And didn't Warren make most of her money buying and selling real estate??
     
    61falcon, Aug 17, 2019
    #49
  25. WillReadmore

    WillReadmore Well-Known Member

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    When major highly profitable corporations pay 0% in taxes, there is every reason to give serious objection.

    And, it's Republicans who have spent the most time yapping about taxs as they have successfully reduced the taxes of the wealthy while writing off their massive unpaid bills on the national debt - after claiming to be "conservative".

    And, that DOES come from those who envy the lives of the 1% - so much so that if only they didn't have to pay taxes...

    We've had a good economy for a while now. We haven't had to continue spending money to dig ourselves out of the Bush recession anymore. Yet, we're continuing to grow the debt by continuing to cut taxes!

    Why?
     
    WillReadmore, Aug 17, 2019
    #50
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