Trump: "The stock market went up. That's like paying off the national debt."

[kpete]

Link to tweet

http://talkingpointsmemo.com/edblog/trump-tonight-on-hannity

[mcar]

1. Fcking moron

[no_hypocrisy]

2. "Paying off the national debt"?????

Even if you cash in your chips today, Congress has seriously slashed the capital gains attached to this profit. That's not paying off the national debt even rhetorically.

[Botany]

5. "Paying off the national debt"?????

Last edited Thu Oct 12, 2017, 12:24 PM - Edit history (1)

The man is a moron. Trump's statement is like my labrador retriever
telling me that he is running a scanning electron microscope.

[Amishman]

3. How about a 0.05% tax on stock transactions to actually work on paying it off

Last edited Thu Oct 12, 2017, 10:55 AM - Edit history (1)

Generate revenue without touching the common people, what a concept!

Fixed math, tax would need to be slightly bigger.

[D_Master81]

12. huh?

What exactly is a transaction? They do tax you when you sell. I have money in the market for retirement and make 60k per year. Am I not common?

[Amishman]

13. I'm talking a tax on the transaction itself, not the resulting profit

Stock trader Bob buys $10k in company X stock
He sells it later for $11k

He already would be taxed on the $1k in capital gains today
What I would like is a 0.05% tax on the transaction - $5.50 - which would be handled by the broker.

NYSE volume exceeding $200 billion per day and 250 trading days a year, this would give us $25 billion per year

The average person wouldn't feel it, we're not day trading. It would suppress high frequency automated trading, which could be a net positive

[TrishaJ]

16. And basically that's a tax

increase on employees who have 401(k) or 403(b) plans or IRAs to save for retirement...

[sinkingfeeling]

4. OMG, how does corporate/shareholder profits pay off government debt? Especially,

since F**king Moron wants them to pay no taxes on that profit.

[coolsandy]

6. Just another thing 45 knows nothing about.

[Grammy23]

21. Yes, that is true. But his base understands even less than nothing about the economy.

These people bought into his nonsense before the election, so he can continue to feed them absolute bull sh*t and they act like it was a very beautiful chocolate cake. Right now, he is in a mode to stop the bleeding from his base. So we are going to see and hear a barrage of utter nonsense aimed squarely at his dullard base.

[WhiskeyGrinder]

7. We've nationalized the stock market? BRING THE DAY.

[The Velveteen Ocelot]

8. Fucking moron.

[dawg]

9. There are retired men having coffee and biscuits at the Dairy Queen right now ...

who have a better understanding of how the economy and the national debt works. The whole damn country has its head in the sand and is pretending that we aren't in as much real danger as we are.

The head of state is not tethered to reality. That has consequences.

[Tommy_Carcetti]

10. I feel this graphic has to be permanently bookmarked when it comes to Trump:

[mahatmakanejeeves]

18. That was going to be my line. Sheesh, he's so confused about ... everything. NT

[logosoco]

11. He really said this? outloud? And no one said anything in response?

I can't believe how this keeps getting so much worse each week. If this was a book I would stop reading it.

This is the same as saying, wow, I am glad my neighbor got a raise, I won't have to make my car payments anymore.

And where is there any honor on Wall Street?

[Sunlei]

15. Like his Fellow Republicans said, "He's a Moron"

[Sunlei]

14. Thanks Obama for bringing America OUT of the 2008 Depression and high unemployment!

[smirkymonkey]

17. God help us.

This man has no understanding of anything related to his job. He just pulls things out of his ass to make himself look good without any consideration of the facts. The problem is, there are so many stupid people in this country they believe what comes out of his mouth because they don't know anything either.

[HughBeaumont]

19. He's also pulling the "Obama rang up more debt than all presidents in history" crap.

How do they keep getting away with these fucking constant lies?

[Bengus81]

20. Really...then WHEN are you paying it off Donnie,still at 20+ TRILLION....

20,383,171,480,978.80--as of 10/10/17

I just transferred a CC balance to a 0% card for 18 months. That's like....I don't owe anything on that card anymore!!!

[Eliot Rosewater]

22. Trump knows NOTHING about business, hotels, restaurants, golf courses, casinos NOTHING

Am I getting thru to anybody yet?

[Initech]

23. Trump is this guy: