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I know you are being sarcastic, but he won't get charged because the courts have ruled that anything he decides is an official act is legal. He's also not a go
by NickC25 1y ago
I know you are being sarcastic, but he won't get charged because the courts have ruled that anything he decides is an official act is legal.
He's also not a good businessman. He's bankrupted 3 casinos.
To anyone here who is still on the Trump train, let's look at what this Epstien-island-visting, makeup wearing "stable genius" failed to sell to Americans:
~Red meat.
~Airline Travel.
~Gridiron football.
~College education.
~Liquor.
Yet this being is treated as some sort of business savant. Come on.
There also won't be a next administration, he's already said he's going to be president for life.
- moralestapia 1y agoIf the outcome of businessman is making money, then I'd say he's quite good ... and way before he became president.
- georgeecollins 1y agoThat's not really true. His father was an excellent businessman and left him what would be $1b in today's dollars. If he had just invested that money in the stock market he would be far richer in say, 2008 then he was. He probably effectively went bankrupt with the casinos, his creditors just didn't really go after him. What turned around his fortunes was being a game show host. He did do well from licensing his name. Also he is now really making a fortune off memecoins and other stuff that seems grifty. People that think he was a good businessman are like joe six pack or vibe economy types. People in finance or real estate in New York would laugh at the idea.
- moralestapia 1y ago[flagged]
- 9283409232 1y ago[flagged]
- moralestapia 1y ago[flagged]
- bryanlarsen 1y agoHis Dad transferred him $1B in NYC real estate in the 80's and 90's. If Donald had just sat on that and did nothing, he'd be a heck of a lot richer than he is now. "Doing nothing" was a better businessman than Donald Trump.
- leereeves 1y agoNo, the (unproven) claim was that the real estate was worth $1B in 2018 money, not when it was transferred, and not all went to Donald. > According to The New York Times, Fred and his wife, Mary, provided over $1 billion (in 2018 currency) to their [five] children https://en.wikipedia.org/wiki/Fred_Trump https://en.wikipedia.org/wiki/Fred_Trump Edit: Only four living children, oops. And the claim was "the equivalent today [2018] of at least $413 million" went to Donald. https://www.nytimes.com/interactive/2018/10/02/us/politics/trump-family-wealth.html https://www.nytimes.com/interactive/2018/10/02/us/politics/t...
- bryanlarsen 1y agoBasic point is still true. NYC real estate has gone up in value far faster than inflation has. Also, Donald got approximately half of the fortune, not the 1/5 you would expect.
- moralestapia 1y agoNYC real estate hasn't gone up 10x during that time. As much as you want that to be true, you're just objectively wrong.
- NickC25 1y agoYou're right, it hasn't gone up 10x during that time, it's gone up far more. His trust also owned the land for the buildings, which is far more valuable than the buildings Fred built. Shit, my sister owns a walkup in lower Manhattan that she bought during COVID and it's already 3x'd in value as of latest appraisal. You're stretching back 40-50 years, and that was when NYC was a dirty hellhole. It's nice now. You bought in Brooklyn at that same time Fred bought up a lot of Manhattan, you're looking at a return around 300-400x EASILY. Manhattan, if you bought in the 70s and 80s, you're looking at a much higher multiple.