Posted on 11/30/2016 2:01:01 PM PST by spacejunkie2001
and you Ferris! :)
A hedge funder and GS alum with a mere $40M net worth?
Pshaw—he is a man of the people one of us by Trump cabinet standards!
Actually his GS to Hollywood to politics path is much like Steve Bannon’s—and that is a very good thing!
No worries — Robert Reich has a trademark on the nickname Munchkin.
Globalist?
Good info, thanks.
Why that there’s a sonic facial cleanser! Doesn’t get good reviews, though.
Perhaps it needs ears.
Why make people that make more foot more of the bill?
I thought a Manoj-a-Tiwari was where you had two roommates and, well, never mind.
“No but they can whisper in Trump’s ear just as Geitner did Obama and Paulson did Bush”
And do you really believe that President Trump is such a weak-willed pussy like Bush or Obama that his underlings whispering in his ear are going to change his mind about things he’s been saying since at least 1987? Really? The man who stood against the whole world to get elected? The man who stood against the entire media of every country on planet Earth? The man who had to stand against even half his own party? Really?
Has anyone stopped to think about what Trump is facing and what he needs to do to survive four years? Has anyone applied his laws of business to his current state? When one company acquires another company, the acquiring company doesn’t fire everyone and replace them – they go with the flow until the time is right, then purge. He’s doing just that. Filling jobs with the old standards…until he knows the ropes and the environment – then he shuffles them. By hiring Chao, dose anyone think he got Old Gobbler to promise to deliver the senate? He’s getting what he wants on their terms and they have just been bought. Nice job, Donald. Nice job indeed. PS – Chao won’t last 2 years, but Oh the connections she will revive! And DT gets 2 years of senate cooperation.
https://theconservativetreehouse.com/2016/11/30/president-elect-trump-announces-economic-nationalist-dream-team-mnuchin-ross-and-ricketts/
The article quotes from Trump's Facebook page:
"(New York, NY) – President-elect Donald J. Trump today announced his intent to nominate Steven Mnuchin as Secretary of the U.S. Department of Treasury, Wilbur Ross as Secretary of the U.S. Department of Commerce and Todd Ricketts as Deputy Secretary of Commerce. This team will be instrumental in implementing the President-elect’s America First economic plan that will create more than 25 million jobs over the next decade.
Mr. Mnuchin has decades of financial management experience including serving as Chief Information Officer at Goldman Sachs as well as finance director for President-elect Trump’s presidential campaign.
“Steve Mnuchin is a world-class financier, banker and businessman, and has played a key role in developing our plan to build a dynamic, booming economy that will create millions of jobs,” said President-elect Trump. “His expertise and pro-growth ideas make him the ideal candidate to serve as Secretary of the Treasury. He purchased IndyMac Bank for $1.6 billion and ran it very professionally, selling it for $3.4 billion plus a return of capital. That’s the kind of people I want in my administration representing our country.”
“I am honored to have the opportunity to serve our great country in this important role. I understand what needs to be done to fix the economy. I look forward to helping President-elect Trump implement a bold economic agenda that creates good-paying jobs and defends the American worker,” said Mr. Mnuchin.
Since 2004, Mr. Mnuchin has been the Founder, Co-Chief Executive Officer and Chairman of Dune Capital Management, one of the country’s premier investment firms, specializing in public equity markets, real estate and the entertainment industry. He also founded OneWest Bank Group LLC in 2009 and served as its Chairman and Chief Executive Officer.
Prior to that, Mr. Mnuchin worked for 17 years at Goldman Sachs, where he oversaw trading in government securities, mortgages, money markets, and municipal bonds and rose to become the company’s Chief Information Officer.
Mr. Mnuchin has extensive experience in investing and financing the entertainment business. He founded RatPac-Dune Entertainment, which has produced wildly successful films, including Avatar, the highest grossing film in history ($2.8B worldwide), American Sniper, the X-Men series and many more.
He is a Member of the Board of The Museum of Contemporary Art Los Angeles (MOCA), UCLA Health System Board, New York Presbyterian Hospital, the Los Angeles Police Foundation, and Life Trustee of New York Presbyterian Hospital. Mr. Mnuchin has a bachelor’s degree from Yale University."
I hope not. But good point. And you are right, they were weak willed pussies.
> “Why can’t everyone single American get the same tax cuts? Why make people that make more foot more of the bill?”
Here are the facts. You connect the dots.
* People are not equal.
* People that make more can make more.
* Without government, people that make more end up owning everything.
* People that have nothing left to lose, revolt.
* Politicians are elected based on how well they are able to lie to people who are in revolt.
* People that make much more are able to buy politicians.
* People that own politicians indirectly control those that don’t.
As to your question of the rich ‘footing more of the bill’.
* There is no bill.
* There is the Federal Reserve and they create funds from nothing.
* All bills are paid by fiat.
* Taxes are paid by people unable to buy politicians to keep them from buying politicians.
Note the difference between ‘rich’ and ‘wealthy’.
* Rich is when one is able to live off the interest of their principle.
* Wealthy is when one is able to live off the interest of the interest of their principle.
The rich are people like
* retired surgeons
* heads of legal firms
* successful business persons
Wealthy are people
* who inherited fortunes made long ago
* who are selected as Oligarchs
* selected to be at the center of action as beneficiaries of Wall St. banking and exchanges
* selected as corporate heads created by Wall St. banking and exchanges
-—Examples: Jobs (RIP), Zuckerberg, Gates, etc. did not make their fortunes making and selling software or gadgets. They did not make any fortunes. They were granted fortunes by Wall St. schemers who made fortunes with them as their selectees. Take away the bank lines of credit, stock, stock options and they would have been merely rich.
* some federal contractors selected for the Oligarchy
-—Examples: Ellison (Oracle) was a CIA contractor, Perot (EDS) was government health contractor.
The ultimate answer to your question is the rich must pay and pay and pay so that they will not become competition to the wealthy unless they are selected and granted access. If the rich are able to avoid large portions of taxes through clever accounting, they are still susceptible to boom-bust cycles created by banking. They are always scrambling against inflation. The wealthy are insulated from inflation.
Study history.
Louis XIV of France taxed all members of his court (’the rich’) not in gold which could be hidden, but in dress, wigs, coaches, food, perfumes, furniture, carpets, candles, fountains, statues, horses, etc.. To avoid being cast as an enemy of the King, one must appear at the King’s Court. To so appear, one must be properly attired and acculturated. All accessories were to be purchased from the King’s artisans. This was a tax that enriched the King and depleted the barons. Payment for accessories of the court were made in gold. When one views paintings of Louis XIV in flamboyant attire, curling wig, makeup, it was a statement of the ultimate taxing authority.
The rich are always made to pay the wealthy. The wealthy select who is to be wealthy by scheme or sometimes by marriage.
The rich are not allowed to become wealthy on their own. They must be selected. Membership is very selective.
If a person is a great innovator or industrialist, they must be selected. The wildcatter who discovers an ocean of oil may be relegated to the merely rich by tax or regulation or eminent domain, etc. The inventor may be consigned to the category of merely rich if they are not selected by the banking financiers to scale up to wealthy status.
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