Posted on 02/10/2016 8:37:25 AM PST by GodGunsGuts
Great debating skills!
Someone will have to do a far better job of explaining a $400 million dollar windfall for Donald Trump from a property purchased for $10 million dollars.
I don’t think that is rationally supportable.
Further, if a city does extend tax breaks, does it expect something in return? What effort was made to explain why Trump would get that kind of favor? Someone knew his dad, so they tossed him $400 million dollars?
It would seem to me that folks who would buy into a report like this are doing exactly what you say I am. They are believing what they want to.
From a Wall Street Journal article:
“3. Get tax breaks. Mr. Trump’s first big real-estate win in the 1970s was converting New York’s old Commodore Hotel into a Grand Hyatt. His dad’s friend Mayor Beame kindly extended a 40-year tax abatement worth $60 million in its first decade.”
But believe whatever you want to.
The former doesn't feed the insatiable appetite for elected-criminal ever increasing irresponsible public spending.
The city gets rid of a run-down hotel and gets something nice in its place. It’s not like they just handed Trump $400 million for nothing.
Would this be the same Wall Street Journal that published Ted Cruz’s pro TPA diatribe?
Would this be the same WSJ that has been trashing Trump for months?
I’m sorry but beyond the world of pure imagination, the WSJ has pretty much discredited itself with me.
The globalist rant they’ve been on for decades in favor of illegal immigration finally convinced me they rank right up there with other leading propagandists.
... for a preschooler, which tells us exactly what Cruz thinks of the general voting public at large ... that we only have the brains of a preschooler.
Cruz = Establishment ... follow his money train and it leads to the Washington corporate welfare US Sen. Cruz, R-Tx voted for, which BTW, makes the ethanol subsidies look like pocket change.
The problem with a report like this is that there are so many loose ends, it would be impossible for a member of the public to be able to judge this reasonably.
This number is tossed out there so we’ll do exactly what we see a person doing here. They buy into it as proof positive that Trump is evil.
Never-mind that every hotel guest pay’s a hotel tax, the hotel may pay many other taxes, although it gets tax breaks too.
I’d have to look at forty years worth of accountant ledgers I wouldn’t even understand to find out what all the ramifications are. Did Trump get a windfall, or did the city still benefit in a substantial way from the hotel.
And that’s just what propagandists rely on to advance their agenda.
This story winds up a push with me, because I have no way to evaluate it fully.
My guess is that it will only backfire on him with people who are already in the tank for Trump.
Here’s something from a New Yorker article also citing $60 million in the first decade. I don’t have the inclination to try to total up year by year for 40 years what the taxes would have been without the abatement. I haven’t seen anything from Trump people disputing the numbers, but then again, I haven’t been trying to search that out. Let me know if you run across anything disputing the numbers. If I happen to, I’ll update the thread.
“That’s how Donald Trump got his start. In 1974, when he was twenty-eight and had never built a thing in Manhattan, he set out to acquire property owned by the bankrupt Penn Central railroad. One of those pieces was the Grand Commodore Hotel, on Forty-second Street, next to Grand Central. According to Trump’s account, in his first book, “The Art of the Deal†(required reading for those of us preparing for a Trump Presidency), he got the city to agree to let him pay taxes on the property based on its assessed value in 1975. Trump renovated the hotel, and, in 1980, it reopened as the Grand Hyatt. The tax abatement was good for forty years, and is estimated to have been worth sixty million dollars in its first decade.”
We have to disagree. I like to look long term, like playing chess. There is an element of trust that Trump will be able to do it and will be strong about making it happen.
I don’t see ANY other choice in this election that helps us free ourselves from our ruling class.
..Ignorance is bliss...
Care to state what the public purpose of the Keystone Pipeline
was since it only benefitted corporations and how the USA benefitted from it since all the oil went overseas?
Or, just shooting an aimless, meaningless insult?
To evaluate the full city/Trump bottom line, I’d have to have both their financials for forty years to evaluate this. Did the city benefit in other ways? Did Trump wind paying out massive taxes anyway? This is tossed out there knowing I can’t honestly evaluate it, so I’m not going to try.
If this proves to you that trump shouldn’t be supported, then don’t support him.
I will be.
I know you won’t be affected by any of these factual articles, but I’m posting the links anyway.
http://michellemalkin.com/2011/04/22/donald-trumps-eminent-domain-empire/
I know you won’t be affected by any of these factual articles, but I’m posting the links anyway.
http://michellemalkin.com/2011/04/22/donald-trumps-eminent-domain-empire/
I know you won’t be affected by any of these factual articles, but I’m posting the links anyway.
http://michellemalkin.com/2011/04/22/donald-trumps-eminent-domain-empire/
I know you won’t be affected by any of these factual articles, but I’m posting the links anyway.
http://michellemalkin.com/2011/04/22/donald-trumps-eminent-domain-empire/
I know you won’t be affected by any of these factual articles, but I’m posting the links anyway.
http://michellemalkin.com/2011/04/22/donald-trumps-eminent-domain-empire/
https://reason.com/blog/2015/11/04/donald-trumps-putrid-embrace-of-eminent
http://www.nationalreview.com/articles/print/265171
http://www.unionleader.com/John-Stossel-My-Trump-problem-Hes-an-eminent-domain-bully
https://www.commentarymagazine.com/american-society/donald-trump-eminent-domain/
https://www.youtube.com/watch?v=_VMNOm8V3zk
http://www.redstate.com/leon_h_wolf/2015/08/22/donald-trump-eminent-domain/
www.examiner.com/article/how-donald-trump-tried-to-take-a-widow-s-house-to-build-a-limo-park
http://www.redstate.com/leon_h_wolf/2015/08/22/donald-trump-eminent-domain/
http://patriotpost.us/opinion/37227
http://www.redstate.com/jaycaruso/2015/10/07/donald-trumps-eminent-domain-lie/
http://www.cbsnews.com/news/rand-paul-hits-donald-trump-on-eminent-domain/
Cruz will use all the power available to him under the Constitution.
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