General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWounded Bear
(58,758 posts)All threads seem to point to the Kremlin and other Eurasian criminal centers.
Eliot Rosewater
(31,131 posts)Theres no arguing that hes notif hed taken the money his father gave him and dumped it all in totally average mutual funds, hed be better off today than he is after a lifetime of half-baked dealings thatve bankrupted himself and others and shorted taxpayers.
In order to survive his terrible deals, reporters whove looked at Trumps dealings after the 2016 election have found that hes relied on graft and shady partnerships. In a new podcast with Slate, The New Yorkers Adam Davidson breaks down what hes learned from spending the last year looking at Trump business dealings around the world. Davidson says other reporters whove done the same have found it increasingly shocking just how flagrant the Trump Organization was in dealing with the shadiestfrankly, in cases, purely evilpeople whose business schemes involved making money in wildly illegal and corrupt ways.
ProfessorGAC
(65,325 posts)What i have equated is that since the period included NASDAQ's rise, just letting it sit would have allowed an accumulation to almost $11.5 billion.
Now, going back to year one, when leasing a commuter jet would have only cost about $30k per month, and having 6 palatial homes near exclusive country clubs, one could live like Louis the XIV on about $3 million after taxes. (Back then.)
Taking 5.5% per year increase (way above average inflation over that time), and allowing for the lost gain on the first $3 million (or around $4.7 million pre-tax), the actual consumption of cash flow for that period of time would have been an average of about $44 million per year. That would leave a pile of wealth remaining of something between $10 and $10.2 billion, which is 2.05 times what PINO even pretended to have. (And i don't believe that number.)
So, not only would there be more money without all the machinations and branding and cheating and ripping people off, it would have been WAY more money.
Eliot Rosewater
(31,131 posts)but half of this country or thereabouts hate black people and women so much they are willing to sell the country to Putin
ProfessorGAC
(65,325 posts)This is a level of incompetence in wealth creation and money management that is epic in proportion.
poboy2
(2,078 posts)gademocrat7
(10,680 posts)He has never had a legitimate business that was successful.
PatSeg
(47,691 posts)skirting the law, getting away with something. It is like a challenge to him - "How can I get away with this by lying and cheating?" Its no fun playing by the rules.
lindysalsagal
(20,782 posts)Gamblers never stop, even when they get all the money. It's never about getting all the money: They need to live-out their fantasies of conquering others.
And just like gamblers, he'll play until someone locks him up.
PatSeg
(47,691 posts)Bernardo de La Paz
(49,061 posts)I can see the text, but not the video/photo/whatever-it-might-be.
mobeau69
(11,165 posts)Bernardo de La Paz
(49,061 posts)Bernardo de La Paz
(49,061 posts)The public's perception of his business acumen will shift and dramatically.
It might actually shift first and then when they truly take on board the fact that he is an emperor with no clothes (a lousy business faker) they will dry up his hold over Republicons. Of course his core base (about 15% of Americans) will never leave him, never get a real clue, but there will be a radical shift. It may happen before, during, or after he is deposed on legal grounds (Obstruction or Collusion or Emoluments a distant third) but it will happen.