Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Georgia congresswoman Marjorie Taylor Greene has come out as a vocal advocate for a “national divorce” between liberal and conservative states.
But “Morning Joe” economic analyst Steve Ratner warned Thursday that red states would experience “huge economic deficits” if such a move succeeded.“[Red states] wouldn’t have money for their projects, they wouldn’t have new bridges, they wouldnt have federal installations in their districts, they wouldn’t have food stamps, they wouldn’t have Medicaid to help cushion their residents against extreme poverty,” he explained. “It would be a really tough and stupid economic decision.” According to 2019 data from The Rockfeller Institute, the majority of states that voted for former President Donald Trump got more back from the federal government in taxes than they spent.
Meanwhile, 2020 data from the Census Bureau, MIT Elections Lab and Brookings Institute showed that red states tended to be above the national average poverty rate, while blue states were generally below the national average.
It also revealed that counties that supported Trump produced 29% of gross domestic product, compared to 71% produced by counties who supported Biden.“This just underlines the fact that it would be devastating for there to be a divide,” host Joe Scarborough said.Ratner noted that the top states for getting a better deal from Washington were Kentucky, Mississippi and West Virginia, with the former two states paying an average of $6,600 and $5,700 a year in taxes, respectively.
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