Ah, another distraction, and another blow struck for ignorance.
He’s trying hard to hide something under the flood of bullshit.
I think he’s trying to destroy the US economy, cause a civil war that breaks the US apart, destroy our trade, and separate us from every ally. Exactly what Putin has always wanted.
As a small business owner, one reason I didnt incorporate in the US was this. Anything more frequent than once yearly is too expensive and time consuming
Let’s only report positive numbers! Yey!
100% employment of employed people! Plus 100% people purchased the things they purchased! Leafing to a 100% perfect economy!
Okay what about canceling student loans then? Right?
Stop reporting so that we don’t see the worsening economy. That’s all. Covid doesn’t happen if nobody reports cases. Fraud and tax dodging doesn’t happen if you cut the IRS’s budget so they can’t investigate. Same old shit, cut oversight so the bad thing magically disappears. You don’t even need a Memory Hole if there’s nothing to put in it.
Head crook allows under crooks to cook their books
“if we stopped testing we’d have less cases”
This is just to hide how badly things are going.
I think this guy dislikes Files for some reason…
I’m conflicted on this one because companies should be transparent, but the current quarterly requirements drive incredibly short sighted decisions aimed exclusively at pumping up the share price every 3 months.
Publicly traded companies don’t plan more than like 3 years ahead because of this pressure.
Dodge v Ford, eBay v Newmark, probably lots of other court decisions, all make share price the only thing that matters to a Board of Directors. Nothing about the workers. Nothing about the community. Nothing about the nation…
Would this help? Not sure. But it would make the 3 month window less dominant.
I’m going to go the opposite way and say that their books should be more open than they currently are.
I’d say there is a healthy debate to be had about this.
The thing that is actually concerning is that it came out of Trumps mouth out of the blue, so there is a non zero chance there is a reason beyond the pro and cons of this.
The longer the reporting period, the greater opportunity to run a con within that period.
That’s also why Trump Org is privately held.
Listening to today’s episode of the Prof G podcast there is a new exchange trying to open that is lobbying for the same 6 month reporting structure. So it’s some sort of payoff in sure.
Gonna go out on a limb and say capitalism won’t fix itself if it suddenly looked further ahead. Probably the opposite.
From the part of ‘It’s not a problem if you can’t see it coming’.
This is the next step in hiding that you are killing the economy because of your grifting.
So clearly just setting up more corruption
Good companies will still do quarterly reporting.
I wouldn’t go near ones that refused
lolololol
If you believe the right-libertarians, then capitalism works great when everyone has good information, and everyone can process that information correctly and respond accordingly.
How is dropping quarterly reporting going to help that? You’re not even satisfying the conditions for the most pro-capitalist people on the planet.
as a matter of fact they should just stop doing it for three years or at least till 2027
I’m assuming that’s what Taco really wants.
Then he gets his loyalist bootlicks to keep telling everyone how wonderful everything is (and if it isn’t, it’s because we are victims of the “worst” economy ever and we have to “dig out of it”, lol, don’t look into it yourself what the numbers were under Biden, just trust us, it was terrible…) because there won’t be any reliable jobs numbers either…
I’m so tired of the headlines. “Trump [something blatantly stupid and in his favor]”
Then stop him.
wtf you want me to do? I’m at work until 4, then I got an hour commute. I’m busy this weekend too.
