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Location: By the sea, by the sea, by the beautiful sea
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Quote:
Originally Posted by BeerGeek40
1. Leftists are not known for their grasp of math.
2. Leftists don't care how much money Biden made or how he made it. He beat the orange man which is all they cared about.
Nah, Leftists don't like whiny rants unsupported by anything remotely close to factual.
But just for giggles, SHOW YOUR WORK of this alleged math.
Hunter said he has been paying his dad's bills for thirty years. After all , Hunter is his point man to collect all that money for special favors from Joe Biden. Ya know Biden works for China and all those other countries , not America.
Joe already said he is NOT putting America first. He never did. His votes and his decisions have all been to favor other countries and gives us the shaft.
Biden will raise taxes on corporate businesses and put on all those regulations that Obama did to strangle small businesses, and make it impossible for factories to hire Americans and make a profit so they have to kill off the environment for businesses to thrive here. Trump did the opposite, He created the environment of lower taxes, less regulations where businesses hired more people , grew economically and thrived.
Biden will ship jobs to Communist China and are they getting rich and prosperous on our dime. We ship trillions of American dollars there when we buy Chinese products and Communist China taxes the hell out of our products so the Chinese don't buy them. No level playing field under Biden. Under Trump we were gaining ground economically.
Biden will trash our economy and grow more rich personally . Biden is bought.
That is the new safe and secure method of bribery. Write a crappy book or have someone write it for you. Your supporters who want something done by you buy 100,000 copies. 'Hey, I decided to give copies of all of Joe's books to my Employees as a bonus this year." A couple of those and your crappy book that no one reads is now on the best seller list, then some ordinary people buy it. Another bribe comes along and the book stays in the top 50 or top 100 best sellers. Pretty soon you are making major bank as an author for a book you did not write and no one has read because you are selling hundreds of thousands of copies for big bucks to distribute to their employees and hundreds of thousands more to people who will buy it because of its sudden popularity. You might even get eighteen people to read it (not that you care since you did not actually write it anyway).
Then you get the speaking engagements, the investment "tip" for amazing investments that miraculously take off and make money beyond what anyone thought was possible despite being a basically bad investment. Lots of little ways to get rich in politics while making it appear legitimate.
When you kids become adults, then you can use them to really flush money through. They can get a $900,000 a year job right out of college, kick half of that back to you and still be uber rich. Your kids can even "write" their own books which will become best sellers.
Joe Biden's lifetime earnings in government are around $5.5 million. His wife probably earned $1-$2 million. Add ~$13 million in book deals and you're touching $20 million in lifetime earnings. Add in Joe collecting six figure speaking fees since leaving office, a modest assumption of savings and returns, and he's probably amassed a solid nest egg.
His real estate investments are easy to figure out. The primary residence was purchased 25 years ago and has increased in value as most homes do after a quarter century. It is worth between 1-2 million. Plenty of govt employees own houses worth that after 25 years.
His beach home was purchased after a book deal with an advance for books from both he and his wife.
Total assets approx 10 million.
His non real estate assets are approx 5million. At his age, and he is still working and earning, income, the nest egg is modest and does not show wise investing considering he made 15 million in his 2 years post vice presidency. So where did that $$ go? Income taxes paid and the beach purchase house = 10 million. He probably spent a bunch on his own campaign.
So that is my back of the napkin math.
Did you come out with a different answer? Show your work.
Eta: I’m usually pretty good at math, even for a lefty.
Joe Biden's lifetime earnings in government are around $5.5 million. His wife probably earned $1-$2 million. Add ~$13 million in book deals and you're touching $20 million in lifetime earnings. Add in Joe collecting six figure speaking fees since leaving office, a modest assumption of savings and returns, and he's probably amassed a solid nest egg.
It does appear that Mr. Biden is wealthier than Mr. Trump, at least based on the available tax returns. We do know that Mr. Biden paid a lot more in Federal income tax than Mr. Trump. Of course, Mr. Biden would have paid much less, like $750.00 per year, if he used his business skills to amass millions in loses to offset any income.
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