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Carol Roth Profile picture
@caroljsroth
Aug 18, 2019 • 8 tweets • 4 min read • Read on X
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#Popculturetimemachine story time.

Once upon a time, one of the most iconic lifestyle brands was...McDonald's...
Fashion- absolutely! Whether your jeans were embellished with a Ronald McDonald patch, or you wore your fancy dress embroidered with the fry guys and burgers for school pictures, McDonald's couture had something for every occasion
What about leisure? McDonald's had you covered-- there was a different playset available depending on age and interest...
What about housewares? Well McDonald's had a variety of limited edition plates to adorn even the most elegant of tables....
Glassware you ask? Why yes, who wouldn't want to drink the beverage of their choice out of a glass featuring Grimace or Mayor McCheese?
When you went to the doctor, maybe he gave you a balloon...or, if your doctor was extra, he gave you a McDonald's hand puppet...
For the holidays, you could give someone you cared about a fabulous McDonald's gift certificate-- way before that was a thing. You could even get them from the "cool" houses for Halloween...
McDonald's...more than a burger and fries, it was a way of life. You didn't choose the McDonald's life-- it chose you.

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More from @caroljsroth

Carol Roth Profile picture
Apr 16
🧵A few points re: Trump’s tariffs/negotiations

1-Prolonged negotiation could tank holiday season/Q4
2-Focused/surgical approach to ongoing tariffs would be well received
3-Carrot vs. stick
4-Harsh attacks are easier when there’s an ability to make an imminent switch
(cont)
Prolonged negotiation could tank holiday season/Q4

Many consumer products companies and retailers make or break their business in Q4, during holiday season. However, the groundwork for that is being laid right now.

Production is happening, orders are being made to factories and those products will be on the water within the next couple of months. Not getting to a quick resolution could create a massive drag on the most important time of the year, severely impacting the broader economy.

The Trump administration should want to be viewed as Santa, not the Grinch.
Focused/surgical approach to ongoing tariffs would be well received

There is broad support for having key items that relate to national security and well-being onshored and that should be a priority. If negotiations are going to be drawn out, giving reprieve to all industries and industry segments outside of key industrial/defense/tech/pharma would create more certainty while keeping the intentions on track.
Read 6 tweets
Carol Roth Profile picture
Apr 12
Property rights are natural rights, and intellectual property is as much property as something physical.

Nobody else should be able to copy my books and profit from them.

Nobody else should be able to take a brand name or logo and put it on clothing.

And so on.
This is exactly the bs you would imagine from tech billionaires that made their money off others’ work.
Btw, this isn’t a surprise. I wrote about it in “You Will Own Nothing” but we should still push back on it.

Much of tech wants to socialize (or communize) the work and monopolize the profits.
Read 4 tweets
Carol Roth Profile picture
Mar 3
This is a big deal for small business re the CTA BOI rule- read the whole thread. Thank you @SecScottBessent and @USTreasury !
If I am reading correctly, this means no egregious enforcement fines for US small biz (and HOAs) and the scope will be narrowed to foreign reporting companies only. I’m doing more research, but this seems very good…
Now that @USTreasury has stated its intention to narrow the scope of the CTA BOI rule to foreign owned entities only, it would be great for Congress to codify that, so small biz, HOAs and others have certainty it won't be changed in the future.

Tell your reps to act!
Read 4 tweets
Carol Roth Profile picture
Dec 30, 2024
Key stats you need to know about the backbone of the economy, small business.

This is sourced from mid-2024 SBA stats, although they use stats in some cases that go back several years...
There are almost 34.8 million small businesses in the US vs. 19,688 large businesses (small biz = 99% of all business entities)

The small biz entity number has gone up and the large biz number down over the last several years
About 6.3 million small businesses have employees- the rest are solopreneurs.

Small businesses account for almost half of all private sector employees and are 43.5% of GDP

They account for the majority of net new job creation.
Read 5 tweets
Carol Roth Profile picture
Nov 24, 2024
Scott Bessent is a very solid pick for Treasury Secretary. I know there are many questions about him, so here is a short thread.

Note that I do not know him personally, only via media and anecdotal knowledge.
Our fiscal foundation is a mess, which makes the Treasury pick incredibly important. Bessent has a very broad, relevant skill set with the understanding required for a position like Treasury, having worked on Wall Street and with central banks, and understanding a broad range of interconnected economic and financial metrics.

He currently manages a macro-focused hedge fund, Key Square, and is probably most well known for the company he has kept.
Early in his career, Bessent worked as the protégé of legendary investor Stan Druckenmiller at Soros’s hedge fund, where in 1992 they famously made a highly successful (billion dollar) bet against the British pound. Druckenmiller continues to hold Bessent in high esteem, a very strong endorsement.
Read 7 tweets
Carol Roth Profile picture
Mar 26, 2024
Why is it that Americans are so uninformed about how much in taxes the wealthiest Americans pay?

The reason is that the White House straight up lied about it and the media has been saturated with this lie.

Let’s take a look (thread)...
Joe Biden has repeatedly claimed that the wealthiest pay only an 8% average tax rate, comparing it to working class tax rates.

That seems insane, so I investigated. Image
I went to the White House site + looked at their “study”
The study was not based on tax records or even income (which is what is tax rates are based on).
The study said they included UNSOLD STOCK... Image
Read 9 tweets

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