Author Topic: Trump - transformational President  (Read 2673 times)

shalab

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 986
Trump - transformational President
« on: July 21, 2018, 04:24:34 PM »
Whether or not you like him - Trump is changing America. Answer the above poll to see where we will land in 2 or 6 years


Jurgis

  • Hero Member
  • *****
  • Posts: 4028
    • Porfolio
Re: Trump - transformational President
« Reply #1 on: July 22, 2018, 09:03:23 AM »
Talk about biased choices - or at least biased wording of choices - in poll.  ::)
"Before you can be rich, you must be poor." - Nef Anyo

Spekulatius

  • Hero Member
  • *****
  • Posts: 1772
Re: Trump - transformational President
« Reply #2 on: July 22, 2018, 02:28:07 PM »
I donít think that Trump has changed much. I donít see this as a choice in your poll.

I agree with Jurgis that the choice of word is biased and a biased poll will produce biased results.
To be a realist, one has to believe in miracles.

Viking

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1304
Re: Trump - transformational President
« Reply #3 on: July 22, 2018, 07:39:55 PM »
I think there is a reasonable chance Trump will be viewed years from now as a transformational President. I think he is putting many of the building blocks in place to ensure the US economy prospers in the years to come:
1.) low taxes and positive change to how non-US earnings are taxed (for US based businesses)
2.) regulations are being greatly reduced
3.) securing low cost energy supplies
4.) updating trade agreements to reflect geopolitical and trade realities of 2018

Obviously there are lots of other things going on that could easily derail the successes he has had. Trump is definitely not status quo :-)

LC

  • Hero Member
  • *****
  • Posts: 2593
Re: Trump - transformational President
« Reply #4 on: July 22, 2018, 08:47:56 PM »
I think there is a reasonable chance Trump will be viewed years from now as a transformational President. I think he is putting many of the building blocks in place to ensure the US economy prospers in the years to come:
1.) low taxes and positive change to how non-US earnings are taxed (for US based businesses)
2.) regulations are being greatly reduced
3.) securing low cost energy supplies
4.) updating trade agreements to reflect geopolitical and trade realities of 2018

Obviously there are lots of other things going on that could easily derail the successes he has had. Trump is definitely not status quo :-)

I respectfully disagree here. I've said this before, but I believe the first 3, and possible all 4 of your points, are short-term focused. Low taxes and lack of regulations will (IMO) do nothing for the large social and wealth inequality that the US faces. Repositioning alliances with other countries which suffer from high inequality is also a poor decision in the long-term. Population inequality is one of, if not the main problem I believe the US faces, and Trump's policies are not long-term solutions.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
----------------------------------------------------------------------------------------
brk.b | cash

Spekulatius

  • Hero Member
  • *****
  • Posts: 1772
Re: Trump - transformational President
« Reply #5 on: July 23, 2018, 04:06:44 AM »
I think there is a reasonable chance Trump will be viewed years from now as a transformational President. I think he is putting many of the building blocks in place to ensure the US economy prospers in the years to come:
1.) low taxes and positive change to how non-US earnings are taxed (for US based businesses)
2.) regulations are being greatly reduced
3.) securing low cost energy supplies
4.) updating trade agreements to reflect geopolitical and trade realities of 2018

Obviously there are lots of other things going on that could easily derail the successes he has had. Trump is definitely not status quo :-)

1) is correct and the change in tax structure for non - US earnings is significant, but how does this change the affect individuals? Not so much. As far as individual tax rates are concerned, if you Live in a state with high tax rates, the impact of the lower federal tax is pretty much offset by the lack of ability to claim state tax and real estate tax deductions. Net result for me was close to nill, but I may not be representative.

2) so far not much has been done. I invest in the pipeline sector and itís a bigger mess than under Obama.

3) is driven by economics. If you look at the growth in NG and crude production, you will see that the biggest leap came under Obamaís. It was simply driven by economics, not politics.

4) so far Trump has not been able to get any deal done in two years. He definitely is trying to steer things up. We will have to see if the talk actually is going to result in a tangible change.
To be a realist, one has to believe in miracles.

matts

  • Full Member
  • ***
  • Posts: 166
Re: Trump - transformational President
« Reply #6 on: July 23, 2018, 05:38:22 AM »
The wording of this poll reminds me of a bit Stephen Colbert used to do on his old show.

"Trump. Great President? or the Greatest President?"


augustabound

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 967
Re: Trump - transformational President
« Reply #7 on: July 23, 2018, 08:06:22 AM »
I guess I'm the only one who saw the original post which had the last option something to the affect of, Don't care I'm moving to Canada. Obviously a shot at us with his obsession with the "wealth" here and how we're taking advantage of the U.S.
"Serenity now, insanity later." - Lloyd Braun

Viking

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1304
Re: Trump - transformational President
« Reply #8 on: July 23, 2018, 09:06:36 AM »
I think there is a reasonable chance Trump will be viewed years from now as a transformational President. I think he is putting many of the building blocks in place to ensure the US economy prospers in the years to come:
1.) low taxes and positive change to how non-US earnings are taxed (for US based businesses)
2.) regulations are being greatly reduced
3.) securing low cost energy supplies
4.) updating trade agreements to reflect geopolitical and trade realities of 2018

Obviously there are lots of other things going on that could easily derail the successes he has had. Trump is definitely not status quo :-)

I respectfully disagree here. I've said this before, but I believe the first 3, and possible all 4 of your points, are short-term focused. Low taxes and lack of regulations will (IMO) do nothing for the large social and wealth inequality that the US faces. Repositioning alliances with other countries which suffer from high inequality is also a poor decision in the long-term. Population inequality is one of, if not the main problem I believe the US faces, and Trump's policies are not long-term solutions.

LC, my 4 points above were to highlight the 4 areas where I believe Trumpís policies may impact the economy the most in the next couple of years. The US has been grappling with income inequality issues for decades. In the near term, if what Trump is doing does structurally help the US economy (grow GDP at a higher rate) then this will be a benefit to US workers (higher employment and higher wages).

I look at the discussion around free trade. Pre-Trump there was no discussion of the trade offs. If you were not a rabid pro-free trader you were considered an idiot. Today there is a much more robust discussion around the fact that there are winners and losers (sectors etc). My guess is when Trump is gone we will not return to the previous paradigm but rather end up somewhere in the middle.

There are many things about Trump that I find deeply concerning. However, there are other things going on that may, in the end (post Trump), put the US in a better place. Time will tell :-)

LC

  • Hero Member
  • *****
  • Posts: 2593
Re: Trump - transformational President
« Reply #9 on: July 23, 2018, 09:45:56 AM »
Quote
There are many things about Trump that I find deeply concerning. However, there are other things going on that may, in the end (post Trump), put the US in a better place. Time will tell :-)

Perhaps, and frankly I hope so.

But I find it both odd and concerning that, suddenly, people are talking about free trade being an anchor on our economy. It's as if centuries of human trade experience and economic literature are thrown out the window, just because the world has gotten more competitive and the US isn't the clear winner anymore.


"Lethargy bordering on sloth remains the cornerstone of our investment style."
----------------------------------------------------------------------------------------
brk.b | cash