Quote (said_aouita @ Feb 23 2022 07:29am)
He inherited money and began one failed business after another — Trump Airlines, Trump Casinos, Trump University, etc. Why did they all fail? Because Trump is NO businessman except in bluster. These businesses were all frauds. His casinos were for money laundering for his father, the Russians, and who knows who else. The University was a blatant swindle and he had to pay fines on that one. Daddy bailed him out of one business venture after another over 50 years, or Trump would just be another rich kid of a billionaire that you rarely heard of.
Here is what kills me: When his supporters are touting how much money Trump has (not withstanding his lying about what he really has), they always fail to leave out two gigantic factors that increased his wealth greatly, albeit unethically and illegally.
Decades of very inventive tax fraud against several states where his businesses are located (NY, FL, ,CA, NJ, etc) and the United States. He worked very hard to undervalue his properties to the IRS to rip off the government of 10s of millions per year in taxes. Add that up over 40 years and see how much just that amount would have earned in an IRA over 40 years.
He screwed all his contractors, supplies, workmen and several of his own lawyers. He still does— still cheats his caddies, bartenders, waiters, etc at his resorts out of pay and overtime). And his sons have taken on the “tradition” of cheating their contractors and supplies. They’re as crooked as he is. How can you NOT make a fortune when you only pay your suppliers and contractors 10 to 20 cents on the dollar—after they finally gave upafter years of him stalling their lawsuits (costing them a fortune in legal fees) and finally settled for next to nothing because they could no longer afford the legal costs?
https://www.nytimes.com/2022/02/23/nyregion/trump-ny-fraud-investigation.htmlThe two top prosecutors in the new york state inquiry trying to come up with a pretense for criminal charges against Trump handed in their resignations today.
HAHA