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Trump Tower and Taj Mahal are real businesses. But most of trumps "businesses" aren't. They are just shell companies to hold assets. The vast majority of his
by learc83 7y ago
Trump Tower and Taj Mahal are real businesses. But most of trumps "businesses" aren't. They are just shell companies to hold assets.
The vast majority of his businesses have no customers, and no regular income. They aren't intended to make a profit--they're intended to protect an asset from the bankruptcy of his real businesses. There was never any chance that they would need to go bankrupt, so he gets no credit for them not going bankrupt.
- leereeves 7y ago> The vast majority of his businesses have no customers, and no regular income. Where do you get this? Is this just more BS with no evidence, like the money laundering accusation? I haven't seen a complete list, but even Wikipedia has a list with a lot of businesses: https://en.wikipedia.org/wiki/The_Trump_Organization https://en.wikipedia.org/wiki/The_Trump_Organization > they're intended to protect an asset from the bankruptcy of his real businesses Even if you were right about Trump's businesses, corporations don't work like that. The stock can be taken in bankruptcy so they don't protect assets inside the corp from bankruptcy of the holder. They only protect assets outside the corp from bankruptcy of the corp.