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To: hoosiermama

So... Trump wanted much higher income taxes so that tax shelters could create tax incentives to invest in real estate... And that Reagan foolishly removed those incentives causing massive damage to the economy.

So in other words, Trump was looking for Government to make him a protected business class forcing taxpayers to invest in real estate or pay a high tax rate.

And as I recall in the late 80’s commercial real estate was way over built and the bubble burst, apparently bursting on Trump. Yet it needed more investment according to Trump...


122 posted on 01/15/2016 11:48:57 PM PST by DB
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To: DB

What did Reagan have to do with it George Herbert Walker BUSH was president. If I remember it didn’t go to well and we ended up with his other son Hill-Billy


130 posted on 01/16/2016 12:13:15 AM PST by hoosiermama (Make America Great Again by uniting Great Americans)
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