Go back
Failure or Fraud?

Failure or Fraud?

Debates


If he's drowning in debt then why does he donate his 400K/year salary to charity?


@dood111 said
If he's drowning in debt then why does he donate his 400K/year salary to charity?
Which charity is that?


@dood111 said
If he's drowning in debt then why does he donate his 400K/year salary to charity?
He doesn't intend to pay his debts


@handyandy said
Which charity is that?
Here's the list to date:
Q1 2017Dept. of the InteriorNational Park Service maintenance of a Civil War site
Q2 2017Dept. of EducationA science, technology, engineering, and math (STEM) camp for children
Q3 2017Dept. of Health and Human ServicesPublic awareness campaign about opioid addiction
Q4 2017Dept. of TransportationInfrastructure grant program
Q1 2018Dept. of Veterans AffairsCaregiver programs
Q2 2018U.S. Small Business Administration“Emerging Leaders” program
Q3 2018National Institute on Alcohol Abuse and AlcoholismNot yet announced
Q4 2018Dept. of Homeland SecurityNot yet announced
Q1 2019Dept. of AgricultureOutreach programs, according to a statement from USDA Secretary Sonny Perdue provided to Snopes
Q2 2019Surgeon General’s Office“An upcoming public health advisory,” USA Today reports.
Q3 2019Office of the Assistant Secretary of Health“To continue the ongoing fight against the opioid crisis,” the White House told the Associated Press
Q4 2019Dept. of Health and Human ServicesTo help “confront, contain, and combat coronavirus.”
Q1 2020Dept. of Health and
Human ServicesTo “develop new therapies for treating and preventing coronavirus.”
Happy now?


@dood111 said

Q4 2019Dept. of Health and Human ServicesTo help “confront, contain, and combat coronavirus.”
How timely.


@handyandy said
How timely.
You say that like it's a bad thing.
Why?


@dood111 said
You say that like it's a bad thing.
Why?
Not at all. It's a good thing.

Don't forget to wear your mask.


@athousandyoung said
He doesn't intend to pay his debts
Name one debt he hasn't paid.


@dood111 said
Name one debt he hasn't paid.
Here is a list of his six bankruptcy filings which wiped away hundreds of millions of debt: https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

True, our laws allow rich fat cats to bankrupt companies they own and not pay its debts with their own assets. That's just the way they like it; the workers and small shareholders are the ones who get screwed.

Here's an another article showing that the Donald screwed contractors who worked on the Taj Mahal and never paid what they were owed. That was 30 years ago. https://www.northjersey.com/story/news/columnists/mike-kelly/2020/01/24/donald-trump-still-owes-money-to-contractors-who-built-taj-mahal-atlantic-city/4547037002/

There's plenty of articles just like that; here's one from the conservative Wall Street Journal though it is behind a paywall: https://www.wsj.com/articles/donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454


@mchill said
President Trump is now squarely between a rock and a hard place with his finances. He can either admit to being a business failure (easily done since he's drowning in debt, with millions more coming due very soon) and try to justify his low tax bill, or face the fact the IRS is not going to swallow his claims that he can deduct 70K for hair treatments, nearly 1 mil. in consult ...[text shortened]... both ways. So, what will he be: Failure or Fraud?

Clue: The correct answer starts with an "F" 😏
You know he can be both, don’t you?


@no1marauder said
Here is a list of his six bankruptcy filings which wiped away hundreds of millions of debt: https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

True, our laws allow rich fat cats to bankrupt companies they own and not pay its debts with their own assets. That's just the way they like it; the workers and small shareholders are the ones who get screwed. ...[text shortened]... l: https://www.wsj.com/articles/donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454
which law did Trump violate?


@mott-the-hoople said
which law did Trump violate?
Law? Laws. It is plural.

Vote Up
Vote Down

@no1marauder said
Here is a list of his six bankruptcy filings which wiped away hundreds of millions of debt: https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

True, our laws allow rich fat cats to bankrupt companies they own and not pay its debts with their own assets. That's just the way they like it; the workers and small shareholders are the ones who get screwed. ...[text shortened]... l: https://www.wsj.com/articles/donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454
A feature of British bankruptcy law is that one is barred from being a company director for seven years. There's two possibilities, either the US system doesn't have this, in which case it ought to, or it does which raises the question as to how the Donaldo escaped the rule?


@shavixmir said
Law? Laws. It is plural.
well I made it easy and asked for just one...no one could give me one.


@deepthought said
A feature of British bankruptcy law is that one is barred from being a company director for seven years. There's two possibilities, either the US system doesn't have this, in which case it ought to, or it does which raises the question as to how the Donaldo escaped the rule?
I don't know the answer to that but if I had to venture a guess, I'd the US does not have such a law.