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RE: President Elect Trump is gonna turn down his Presid... - 11/13/2016 10:39:48 PM   
BamaD


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quote:

ORIGINAL: Greta75

FR
I bet Mittens wouldn't have done the same.
No matter how rich someone is.

They could have just kept the salary.

I think it's a great gesture.


He didn't accept pay for being Governor.
And he gave more to charities than 400.000

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RE: President Elect Trump is gonna turn down his Presid... - 11/13/2016 10:58:49 PM   
Greta75


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quote:

ORIGINAL: BamaD
He didn't accept pay for being Governor.
And he gave more to charities than 400.000

Good to hear. It's always good to have people who don't need the money do it voluntarily.

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RE: President Elect Trump is gonna turn down his Presid... - 11/13/2016 11:02:27 PM   
Greta75


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quote:

ORIGINAL: DaddySatyr
As president, he gets:

Free housing
Free transportation
Free food/household items
Free vacations

White house is free but he really don't need to live in there. He owns his own Trump Tower.
Transportation, most companies do provide that once you are in a certain position.
Free food and household items - okay..., not sure about this one.

But free vacations??? Are you sure? That doesn't make sense! So if a President want to go on vacation anywhere in the world, the taxpayers pays for it? Wow!

My own country would be outrage!

I have the impression that Trump never take vacations too, even in his own business. It's always work work work.



< Message edited by Greta75 -- 11/13/2016 11:04:37 PM >

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RE: President Elect Trump is gonna turn down his Presid... - 11/13/2016 11:06:03 PM   
ThatDizzyChick


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quote:

ORIGINAL: LadyDemura


quote:

ORIGINAL: ThatDizzyChick

Good. I am proud of him.
Though the no blind trust thing is potentially worrisome, however there is nothing that requires him to do so, which is why it is only potentially worrisome.



I don't see how a blind trust could really be blind for his situation. He knows the real estate, casino, golf course, hotel, apparel,(insert any others here) industries really well , and knows what policies will help them and what will hurt them. Seeing or not seeing the books on these business ventures won't change what is perceived to be good for these businesses. low taxes...

That's a very good point

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RE: President Elect Trump is gonna turn down his Presid... - 11/13/2016 11:07:46 PM   
ThatDizzyChick


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quote:

ORIGINAL: DaddySatyr


quote:

ORIGINAL: LadyDemura

I don't see how a blind trust could really be blind for his situation. He knows the real estate, casino, golf course, hotel, apparel,(insert any others here) industries really well , and knows what policies will help them and what will hurt them. Seeing or not seeing the books on these business ventures won't change what is perceived to be good for these businesses. low taxes...



Actually, the idea is more of a "Chinese Wall" where information can only flow one way.

A blind trust would be managed by some sort of financial advisor type. That advisor wouldn't know what the president is about to do so the advisor's management of the fund is not colored by "insider information".

President Trump would be foolish to turn over his entire enterprise to someone with no vested interest (other than a "broker fee") in the continuity of the enterprise.

I would be concerned about conversations between himself and his children, though. They will be running Trump Enterprises. How do you "legislate" what a father says to his children or vice-versa?

It's not like this has never happened before, of course, but there's always the worry about the mere appearance of impropriety.



Michael

Also some very good points.

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RE: President Elect Trump is gonna turn down his Presid... - 11/13/2016 11:50:08 PM   
Lucylastic


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Status: offline 		AN article about the "blind trust" from newsweek from september.

http://www.newsweek.com/2016/09/30/donald-trump-blind-trust-foreign-business-deals-500398.html

One from Quora from august
https://www.quora.com/Has-Donald-Trump-agreed-to-put-his-business-interests-in-a-blind-trust-if-elected
One from usatoday back in aug/sept
http://www.usatoday.com/story/news/politics/elections/2015/10/06/donald-trump-campaign-ethics-questions/73409764/

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RE: President Elect Trump is gonna turn down his Presid... - 11/14/2016 12:02:43 AM   
igor2003


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quote:

ORIGINAL: Greta75

FR

Do you guys know what a big gesture this is?

He is walking the talk. He said he is gonna save this country money. And he made the first move by volunteering to give up his own salary to save the government money.

He run the cheapest election, didn't end up wasting multi-millions like Hillary did. THINK of all that money could be put to better use.

He knows his Salary is better off paying the government debt off or for whatever uses that America could use it better than giving it to him.

It is the taxpayers money. He is giving it back. Rich or not rich. Not every rich person would have done this IF President.


First, I have zero doubt that Trump will be profiting from being president in some way. And second, that money you say Hillary was "wasting" was money going back into the economy. It didn't just disappear. If Trump had spent more, there would have been more money going back into the economy. So yes, just think about all that money that Trump could have been spending to help the economy, but instead he selfishly kept it.

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RE: President Elect Trump is gonna turn down his Presid... - 11/14/2016 12:03:09 AM   
Edwird


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quote:

ORIGINAL: DaddySatyr
Let's be very clear, here:

There's not really much he needs money for, but let's dig a little deeper.

Let's suppose he does need money, at some point. If he's not taking a salary, whence will that money come? Certainly his corporation can't be paying him, while he's serving.


There's no conundrum, here.

I read somewhere he made $300 million+ last year. But whatever the case, before being sworn in all he has to do is sell a few assets and put the proceeds in a savings account or money market mutual fund or even one of the boring (for him) equities&bonds mutual funds, outside of the corp., in his own name.

He could set a mere (for him) $10-20 million in such account and have enough to withdraw $1.25-2.5 million a year. Or he could buy $50-100 million in 10 yr. Treasury notes and live off of the $1-2 million/yr. in interest.

That doesn't say anything about the other possible conflicts you mention, but as far as just spending money goes, he just writes a check on checking/savings or MM mutual fund to pay the CC bill like anybody else. There is also the non-taxable $50,000/yr. for personal expenses that goes with the salary, not sure what he is doing with that.

Interesting reading on what a president has to pay on his own or not:

http://classroom.synonym.com/pays-expenses-president-11741.html

He pays for the vacation but not the travel, security, etc. Even in the White House, he has to pay for his own groceries and dry cleaning!

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RE: President Elect Trump is gonna turn down his Presid... - 11/14/2016 12:10:04 AM   
Greta75


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quote:

ORIGINAL: igor2003
And second, that money you say Hillary was "wasting" was money going back into the economy.

Going back into the economy through TV ads?
Really? That's really "helpful"
TV ads are grossly over-priced most of the time. I know Macdonalds spends 1 million a week over here on just TV ads.

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RE: President Elect Trump is gonna turn down his Presid... - 11/14/2016 12:12:05 AM   
Greta75


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quote:

ORIGINAL: Edwird
He pays for the vacation but not the travel, security, etc. Even in the White House, he has to pay for his own groceries and dry cleaning!

I am glad to hear this.
I mean I don't know how Americans feel about this.

But for our own Ministers. We will not be happy paying for their vacations or groceries. InFACT, we don't pay for their transportation too, for their own vacations at all. That wouldn't be acceptable! Our Ministers don't do private jets. They fly coach.

And in Asian culture. The parent usually draws a monthly allowance from their children who works. Technically, it's the children's duty to fully financially support their parents. This is so legal that a parent can take their child to court to sue for monthly allowance if they don't get paid. And the kids could be jailed for not financially supporting their parents. So technically. Trump kids can support him with their salaries, and there should be no conflict.

< Message edited by Greta75 -- 11/14/2016 12:16:48 AM >

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RE: President Elect Trump is gonna turn down his Presid... - 11/14/2016 12:14:32 AM   
Edwird


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quote:

ORIGINAL: Greta75
quote:

ORIGINAL: igor2003
And second, that money you say Hillary was "wasting" was money going back into the economy.

Going back into the economy through TV ads?
Really? That's really "helpful"
TV ads are grossly over-priced most of the time. I know Macdonalds spends 1 million a week over here on just TV ads.



Yes, and the ad companies pay their employees and they spend their money on the mortgage and groceries and other items just like everybody else.

Back into the economy. Yes, that is helpful.


To the matter of vacation travel expense: the president has to travel all the time, I'm sure the amount for vacation travel is a quite small percentage of that total.



< Message edited by Edwird -- 11/14/2016 12:19:56 AM >

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RE: President Elect Trump is gonna turn down his Presid... - 11/14/2016 12:15:41 AM   
Greta75


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quote:

ORIGINAL: Edwird
Yes, and the ad companies pay their employees and they spend their money on the mortgage and groceries and other items just like everybody else.
Back into the economy. Yes, that is helpful.

So basically, it's only supporting a very specific demographic. Only people who work for TV.

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RE: President Elect Trump is gonna turn down his Presid... - 11/14/2016 12:26:36 AM   
Edwird


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A company who makes steel buys from scrap iron/steel salvagers. Are you saying they are not doing good for the economy because they 'only support a very specific demographic'? Are you saying that one 'business demographic' is inherently better or worse than another?

You just can't stand reasonable discussion for very long before you have to start throwing out idiotic ignorant comments, can you?



< Message edited by Edwird -- 11/14/2016 12:34:26 AM >

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RE: President Elect Trump is gonna turn down his Presid... - 11/14/2016 12:38:01 AM   
Greta75


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quote:

ORIGINAL: Edwird
A company who makes steel buys from scrap iron/steel salvagers. Are you saying they are not doing good for the economy because they 'only support a very specific' demographic? Are you saying that one 'business demographic' is inherently better or worse than another?

You just can't stand reasonable discussion for very long before you have to start throwing out idiotic ignorant comments, can you?

To me, for something to stimulate the economy, involves broad base stimulus in variety of industries.
So if you been pumping money only at one specific area, media people. That doesn't help a whole deal. And also, the intention wasn't to stimulate the economy in the first place. The full intention is to take down Trump.

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RE: President Elect Trump is gonna turn down his Presid... - 11/14/2016 12:44:49 AM   
Edwird


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quote:

ORIGINAL: Greta75
To me, for something to stimulate the economy, involves broad base stimulus in variety of industries.
So if you been pumping money only at one specific area, media people. That doesn't help a whole deal. And also, the intention wasn't to stimulate the economy in the first place. The full intention is to take down Trump.


Right. No one said that any presidential campaign's purpose was to stimulate the economy, you yourself said that wasn't the purpose- but your bitch with Clinton is that her campaign didn't stimulate the economy. Either that, or that she is evil because she didn't design her whole campaign around stimulating the economy, which no candidate has ever done.

"So if you been pumping money only at one specific area, media people."

Again, it doesn't matter however narrow the purpose of one or another industry (or 'demographic,' as you put it) is; they have employees who get paid and spread the money to the same variety of businesses and industry sectors as everybody else.



< Message edited by Edwird -- 11/14/2016 1:09:00 AM >

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RE: President Elect Trump is gonna turn down his Presid... - 11/14/2016 4:26:35 AM   
mnottertail


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quote:

ORIGINAL: BamaD


quote:

ORIGINAL: Edwird


Not many can afford to do that. As mentioned, he would hardly notice one way or the other, so it's not like any great statement.

George Washington didn't want to take a salary but was told it would not be a good precedent. If he had done that, then the one following might have been perceived as greedy in taking the pay check, and they didn't want only people wealthy enough to work without salary to run for office.

Herbert Hoover and John F. Kennedy gave their salaries to charity.



So did Barry Goldwater and who knows how many others.

you have some credible citation that Barry Goldwater gave his salary to charity or did not accept it? didnt think so.

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