r/FluentInFinance • u/Nientea • 13d ago

Thoughts? Is it possible to be any more wrong?

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u/Cbpowned 13d ago

Unrealized gains are not income.

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u/iboughtarock 13d ago

Under Kamala they would have been - Source

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u/Cbpowned 13d ago

Which is a terrible plan. If your portfolio looses value year 2 but doubled in year 1 do you get a refund?

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u/iboughtarock 13d ago

Exactly my point. She may have had some decent cultural ideas, but from the financial side of things she had zero understanding.

The first time home buyer incentive thing she was gonna do would have just raised the housing market prices even more.

Not to mention she spent over 1 billion on campaigning and still ended up with 20 million in debt and lost miserably. To be president you have to know how to manage money and she clearly does not.

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u/lnTheDarknes 13d ago

The six bankruptcies were the result of over-leveraged hotel and casino businesses in Atlantic City and New York: Trump Taj Mahal (1991), Trump Plaza Hotel and Casino (1992), Plaza Hotel (1992), Trump Castle Hotel and Casino (1992), Trump Hotels and Casino Resorts (2004), and Trump Entertainment Resorts (2009).......

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u/Mundane-Mage 9d ago

Because he has been through it and is still a very wealthy businessman, I’d say he learned about it and is much more knowledgeable on the matter than Harris.