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Trump tax reform gives Buffett $29bn boost

danmand

Well-known member
Nov 28, 2003
46,353
4,776
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US billionaire Warren Buffet says his conglomerate has received a profit boost of $29bn (£20bn) as a result of President Donald Trump's tax reforms, he says.
 

bver_hunter

Well-known member
Nov 5, 2005
27,331
5,556
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The Tax Bill gave a whopping $200 bonus to the Walmart employees who had 1-2 years of service under their belts. Very fair system and being cheered on by the Trumptard cult followers.
 

shack

Nitpicker Extraordinaire
Oct 2, 2001
46,703
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Toronto
The Tax Bill gave a whopping $200 bonus to the Walmart employees who had 1-2 years of service under their belts. Very fair system and being cheered on by the Trumptard cult followers.
He talks like a common man, so it doesn't matter what he actually does for them. Oh yeah, that is NOTHING.
 

jcpro

Well-known member
Jan 31, 2014
24,673
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Right. The $29 billion boost should've been given to the poor of Hamtramck and Livonia. Oh, yeah, silly me, I forgot that to get a tax cut you actually have to generate some economic activity.
 

danmand

Well-known member
Nov 28, 2003
46,353
4,776
113
Right. The $29 billion boost should've been given to the poor of Hamtramck and Livonia. Oh, yeah, silly me, I forgot that to get a tax cut you actually have to generate some economic activity.
Yep, silly you, Buffet needs the money much more than the poor, even as he himself suggests higher taxes on the rich.
 

essguy_

Active member
Nov 1, 2001
4,432
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Don’t forget: The employee bonuses are ONE time as opposed to the tax cuts which are ongoing. Trump supporters are clueless suckers. This is a guy who campaigned upon balancing the budget within a reasonable time frame. Instead, his measures will add over $7 TRILLION to the National debt over the next ten years (IF the economy performs according to Trump’s “nothing will go wrong” rosy economic projections). No projected balance for at least a decade (again, according to rosy projections). And the economy can’t be blamed because Trump inherited a growing economy. But for some reason, the idiot (supported by cheering fools) thinks more stimulus is what’s called for. Look for future inflation, rising interest rates, and potential trouble. It will take a superhuman juggling act by Powell and company to engineer a soft landing.

At some point, somebody will have to pay for all this. The poor suckers cheering the one time bonuses don’t realize that these will be quickly eaten up in increased consumer borrowing costs and that their kids’ future taxes will have to cover everything, eventually.
 
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