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I finally watched the White House youtube video of Trump signing the tax bill and he was relaxed and taking a lot of questions from the presstitutes, even though you could hear a staffer trying to wrap things up.
One thing Trump mentioned was that bringing back trillions of dollars from offshore was encouraging more to refurbish factories that have been empty for years. He said his friend, Robert Kraft (owns a football team I think) told him he will be building a paper factory in North Carolina. Why will manufacturing jobs come back thanks to this bill? Because owners will be able to deduct all their equipment costs the first year which they can't do now, so they will invest a lot of money up front.
Licensing agreements can be adjusted, pulled or not renewed based on the stipulations found within the agreement. They can have control over who gets to use the name. Nice to see more excuses for him.
Why should any business have to make sure they do American manufacturing if they can just go license themselves out wherever or otherwise set up their own non-American agreements and manufacturing.
The basis of entering into a licensing agreement, from Trump's perspective, is maximizing the amount of revenue thereunder. A licensee will be willing to pay the most for a deal that allows them to use the Trump brand on their products, but minimizes the amount of control Trump as the licensor will have. Conversely, a licensee will pay less for a deal that allows them to use the Trump name, but allows a greater level of control over their operations by Trump.
The licensing deals to which the Trump Organization is subject are probably the type that pay the most for the use of the Trump name, but permit very little, if any input by Trump on day-to-day production matters. In the absence of actual copies of these agreements for verification, it's safe to say we can chuck the possibility that they can be scotched based on the terms thereof. If some licensee was in material violation of his/her licensing agreement, they probably would face legal action by Trump, given his litigious nature.
Can Trump control who gets to use the name in the first place? Yes, but I doubt that he deems it in his interest to attempt to exert a level of control over the production process so great it chases off all of his potential licensees. After all, licensing is the bread-and-butter activity at the Trump Organization. They've been fairly successful at it, and they're probably not going to change their method of doing business just because somebody on the Interwebz thinks they should.
It's analagous to whether Warren Buffet should take action to immediately resolve payment of taxes due and owing by Berkshire Hathaway since 2002. BRK owes the feds at least $1 billion in past due taxes outright, and apparently some $63.2 billion in deferred tax liabilities, which constitutes an interest-free loan from you, the taxpayer, to a corporation that is flush with cash. That doesn't even touch upon the fact that BRK buys companies that pay healthy dividends, cancels said dividend payments, and redirects the proceeds toward the effort to locate and acquire more dividend-paying companies for BRK to acquire. BRK itself pays no dividends either, so not only does the IRS get no tax revenue from the dividend payments BRK isn't making, but they're losing the revenue attributable to dividend payments formerly made by the companies BRK acquires. In this manner, Warren Buffet is making a loser of the American taxpayer twice every day.
Should Buffet take action to eliminate all of this chicanery? Why, yes, of course he should. Don't be ridiculous. Is he going to do it? Probably not, because doing so would run counter to the interests of his business, Berkshire Hathaway. Same thing for Trump and his licensing deals.
To sum up...if Trump ties/shirts/wine/fidget spinners being made overseas is a source of some minor concern for you, then Warren Buffet's shenanigans as detailed above must leave you crawling the floor on all fours, vomiting with white-hot rage.
The problem, as elucidated in Post No. 24, is that the Trumps don't own any of the facilities making these wares. They don't own any of the distribution network, nor any of the retail outlets where these items will be sold. In the case of Trump wines, steaks, shirts, ties or just about any other manufactured goods for sale, the only connection Trump has to any of those products is that they bear his name for marketing purposes.
The Trumps literally have nothing to do with the production process for these goods OTHER than a licensing agreement permitting the use of the Trump name, which explains why they have ZERO control on where the stuff is made, how it gets to market, or where it will be sold. The firm that paid Trump for the right to affix his name to his products is in charge of all the details.
Put another way...if Trump called the firm making Trump ties (as an example) and said "Hey...I need you to move your production to the U.S.," the answer he would get is, "I'm sorry, Mr. President, but that decision falls well outside your rights under our agreement. We've paid you the required license fees under the agreement. Now butt out, please."
And that would be the end of that.
The licensing agreement could have a requirement that products be manufactured in the US, yes it's actually that easy
He never relinquished ownership or put it in a blind trust; he just put his mini-me's officially in charge and told us "don't worry, I won't talk to them about it" (wink, wink). He's still gaining tons of profit from HIS businesses while sitting in the Oval Office.
Only an idiot believes that he is "no longer in charge."
Donald is a business man. Business men make hard choices, like buying in America and losing everything, or selling your countrymen out and hanging on for another day. When it comes to cheap, throw away crap like coffee mugs, t shirts and hats, why should he go broke for that? If it were made here, it would almost certainly be made by illegals anyways. The whole system is thoroughly corrupt, and no one really cares anymore. He's an old man. He should care the least, but he made the effort to prevent Hillary from leading this crap show down the drains for another 4-8. He's done more for America while the boomers figure out how to never lift a finger again. At this point, I'd gladly hand another term over to him, because at least he's willing to fight and challenge status quo, when he should be resting and enjoying his last years on earth.
That is well said. However we do need to get busy on getting the wall constructed, on employer ID verification, etc, so that we can start making more things here and without the help of illegals. And it also comes down to people being willing to buy American and pay more -- that behavior needs to start at the top by the man himself.
The basis of entering into a licensing agreement, from Trump's perspective, is maximizing the amount of revenue thereunder. A licensee will be willing to pay the most for a deal that allows them to use the Trump brand on their products, but minimizes the amount of control Trump as the licensor will have. Conversely, a licensee will pay less for a deal that allows them to use the Trump name, but allows a greater level of control over their operations by Trump.
The licensing deals to which the Trump Organization is subject are probably the type that pay the most for the use of the Trump name, but permit very little, if any input by Trump on day-to-day production matters. In the absence of actual copies of these agreements for verification, it's safe to say we can chuck the possibility that they can be scotched based on the terms thereof. If some licensee was in material violation of his/her licensing agreement, they probably would face legal action by Trump, given his litigious nature.
Can Trump control who gets to use the name in the first place? Yes, but I doubt that he deems it in his interest to attempt to exert a level of control over the production process so great it chases off all of his potential licensees. After all, licensing is the bread-and-butter activity at the Trump Organization. They've been fairly successful at it, and they're probably not going to change their method of doing business just because somebody on the Interwebz thinks they should.
It's analagous to whether Warren Buffet should take action to immediately resolve payment of taxes due and owing by Berkshire Hathaway since 2002. BRK owes the feds at least $1 billion in past due taxes outright, and apparently some $63.2 billion in deferred tax liabilities, which constitutes an interest-free loan from you, the taxpayer, to a corporation that is flush with cash. That doesn't even touch upon the fact that BRK buys companies that pay healthy dividends, cancels said dividend payments, and redirects the proceeds toward the effort to locate and acquire more dividend-paying companies for BRK to acquire. BRK itself pays no dividends either, so not only does the IRS get no tax revenue from the dividend payments BRK isn't making, but they're losing the revenue attributable to dividend payments formerly made by the companies BRK acquires. In this manner, Warren Buffet is making a loser of the American taxpayer twice every day.
Should Buffet take action to eliminate all of this chicanery? Why, yes, of course he should. Don't be ridiculous. Is he going to do it? Probably not, because doing so would run counter to the interests of his business, Berkshire Hathaway. Same thing for Trump and his licensing deals.
To sum up...if Trump ties/shirts/wine/fidget spinners being made overseas is a source of some minor concern for you, then Warren Buffet's shenanigans as detailed above must leave you crawling the floor on all fours, vomiting with white-hot rage.
So....he (Buffet) should rectify that too. Are you expecting me to object or think that only one should occur? Is there a quote where Buffet has said that American businesses should not do the things you presented, but doesn’t do with his companies?
Why will manufacturing jobs come back thanks to this bill? Because owners will be able to deduct all their equipment costs the first year which they can't do now, so they will invest a lot of money up front.
No jobs are EVER coming back from overseas. Period. Let's let Trumps daughter start the ball rolling seeing how she's outsourcing. Lead by example! Again not going to happen.
If Trump made all his products in the USA, he would lose money.
If that's true then maybe he should shut up about bringing jobs back to the US, dontcha think?
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