Trump Economy and Poker
About six years ago I put up a post pointing out that the good Trump economy was probably very good for the poker games
Voting for some dumb conman isn't a good idea.
Who could have guessed...
The US stock markets are at all time highs, crypto is at all time highs. There are many jobs. The economy is the best it's ever been.
Trump wrecked the economy in the his first term and I expect the same or much worse this time. I've sold out of the indices at the top and am sitting on cash.
Shoutout the very first post ITT being the winner and the dipshit who made the OP not showing his face
Shoutout the very first post ITT being the winner and the dipshit who made the OP not showing his face
OP was convinced Obamacare would wreck the economy then silent about the decade+ long boom that came after until he could give credit to Trump for some random years at the end with no real improvements in macro tends. Then again tried to pretend like Trump would fix things that weren’t even really wrong with the Biden economy. He’ll be quick to point out he’s not an expert but won’t ever wonder if maybe he’s just a partisan hack.
Given the large amount of variance in economic outcomes under presidents of the past (for some examples https://en.wikipedia.org/wiki/U.S._econo...) how do you protect yourself from being results oriented in taking 3 years of decent data from Trump?
In other words, how do you justify making the casaul link to the presidency so strong?
Need to revise this. It seems the president can tank everything if they really want to take a severe break from norms. Pressing the economy good button would have been much harder I think though.
i dont about the games you all play in but i swear to god the further everyone's 401k tanks, the more desperate the average moron at the card table seems to be.
I wonder what Trump can do to make this sustainable? You think he can lift the taxation on early withdraw or something? Maybe if grocery prices stay steady at obscene highs people will finally stop frivolously spending on stupid **** like avocado toast or... you know eggs 'n **** - the nice but not necessary type stuff and that extra spending money will then funnel its way into the casinos.
one other strange thing i noticed is that i heard rumors the games spread will actually change to .01/.02 and maybe some .10/.20 and then a big canyon and then a few tables of 1000/2000. Its almost like the average person cant really afford to keep this **** up at the rate its going? i dont know, i think its just a bunch of people acting unpatriotic. losing money costs you NOTHING you traitors.
Any updates on that poker boom, Baldy?
There's just no way you'll get him to admit an error that goes against his narrative on something as vague as the state of the "poker economy". Hell, here's just what I found on something much more objective after 5 minutes of searching his posts.
[quote=Germanguy]Insofar as the „Trump economy“ is a continuance of the economic growth of the „Obama economy“ there should also be growth for poker.[/quote]
[quote=Mason Malmuth]The answer is the growth rate of the economy under Obama never did much better than 2 percent. The economic recovery under Reagan, which featured a different set of policies was much higher.
Mason[/quote]
Fast forward to Jan 2025 in this thread, we now have
Growth was terrific under Trump until much of the economy got shut down because of Covid. Why don't you acknowledge this?
As we already pointed out growth the last 3 years of Obama's term was 2.5%, which Mason characterized in 2018 as "not much higher than 2%." Under Trump pre covid it was 2.6% which most would also say is not much higher than 2% but which Mason now categorizes as "terrific". Of course in his mind this will be construed as hate due to the fact that he said something nice about Trump.
The funny part is he is not even intentionally lying. People this far down the rabbit hole being fed Thomas Sowell videos that they think make sense honestly believe what they are saying. The part of their brain that is supposed to say "hey, I'm making a specific claim about an actual number, let me look it up to make sure my intuition is correct, otherwise I need to abandon or update that intuition" has long long ago withered away from not being used.
https://taxabletalk.com/2025/07/01/senat...
Senate Version of Big, Beautiful Bill Is Bigly Ugly Towards Gambling
Posted on July 1, 2025 by Russ
The extension to the Tax Cuts and Jobs Act (TCJA) is now in the Senate as the “Big, Beautiful Bill.” The Senate version will likely receive a final vote today (and pass); however, it is quite different in certain areas from the House bill (that earlier passed that chamber). And it is really ugly (or to use one of President Trump’s phrases, bigly ugly) towards gambling.
The Senate version would permanently:
Limit gambling losses to 90% of gambling winnings; and
For professional gamblers, the total of losses and business expenses could not exceed 90% of gambling winnings.
Consider Joe, an amateur gambler who comes to Las Vegas once a year. He breaks exactly even, with $100,000 of gambling winnings (all on W-2Gs) and $100,000 of gambling losses. If he doesn’t keep a session log he’s going to owe tax on $10,000 of income.
Or consider Larry, a professional gambler, with $500,000 of gambling winnings on the poker circuit, but $440,000 of losses and $50,000 of ordinary and necessary business expenses; he’ll have to pay tax on $50,000 of income rather than his $10,000 of net income.
I do need to point out that these provisions are not in the House version (the House version simply extends the current TCJA limitations on business expenses causing a loss for professional gamblers). This is one of many areas where the two versions are not the same and will need to be ironed out (likely in a conference committee).
There are two inescapable conclusions if the Senate version becomes law. First, keeping a gambling log will be essential: If Joe had $100,000 of wins and $100,000 losses in the same session he would have $0 of gambling winnings. Second, this would be another big negative towards gambling and would definitely hurt tourism in areas like Nevada.
New poker boom yet?
Some talk in NVG
https://www.twoplustwo.com/News-Views-and-Gossip/13mug/Big-Beautiful-Bill-wtf
At least the Big Bald Buffoon has had the good sense to not defend this stupid thread anymore and is sticking to schilling his stupid books
NateThaGreat sticking up for his roots.
It’s alright tho, the games will be so much better that it’ll offset the tax sitch. Also IRS is dead so why even pay anyways.
About six years ago I put up a post pointing out that the good Trump economy was probably very good for the poker games since it would create more excess income for many people which we would see in the poker games. Unfortunately, Covid came and, of course, I got attacked by some people for saying something positive about Trump.Anyway, I expect something similar to happen again
**** you mason and everyone who voted for Trump
I don’t even understand who this change to the tax code is for. I don’t remember anyone complaining about poker pros taking advantage of tax write offs or something, in fact the US tax code is already punitive on poker, as you have to itemize to even write off losses against reported income from poker/gambling.
This is literally just spitting in the face of poker players despite the fact that they probably have higher rates of supporting Trump than average. Just my intuition based off conversations at the table.
Seems more like targeting draft kings and other sports betting /dfs sites that have completely taken over sports marketing
yes it's online sportsbetting and dfs who's going to get rekt
dfs has been dying but this will kill it for good
Hey Americans: the tax cuts from Trump's first term didn't pay for themselves and are bankrupting the country. The latest round of rich people tax breaks will increase our debt and deficit further. Why? Wouldn't it be wiser to undo the first round of tax cuts that are breaking US?
The in the know Republicans have always claimed they want to starve the beast. Well it's starving. Our debt are going exponential and we cut all the services. When do we stop? When we literally have the poor in chains again?
Regarding chaining poors, I think indentured servants had a better deal than current Americans. Not the southern slaves. They definitely had it worse than we do today, at least they could afford children. The reason indentured servants had it better is they only had to work about 4-10 years as slaves, then they were given their own land. Many people have no prospect of land ownership today.
Of course that analogy doesn't fly because today we are "deporting" immigrants, not paying them. Just comparing the privilege of indentured servants to current US citizen workers.
Womp womp
Hey mason you stupid windbag **********, you gonna come back and take a victory lap?
Poker’s big time back!
