@vivifysaid Trump gave the rich a $1.3 trillion dollar tax break, which includes himself. He's clearly using the office of the presidency for financial gain. The problem isn't that he made money while being president, it's the he specifically used the power of the presidency to get rich.
@mott-the-hooplesaid the article is posting what the writer wants to say. There is nothing in it but the writers words and documents. A hit piece.
You realize Forbes is one of the foremost authorities on the net worth of Rich people, right? Whenever someone's net worth is discussed, you nearly always hear "According to Forbes...".
What you're doing is like trying to bash NASA for their reporting their findings on space exploration.
@vivifysaid You realize Forbes is one of the foremost authorities on the net worth of Rich people, right? Whenever someone's net worth is discussed, you nearly always hear "According to Forbes...".
What you're doing is like trying to bash NASA for their reporting their findings on space exploration.
Im saying there is no proof in that article. Didnt know forbes was involved in viewing illegally obtained tax documents, if there is any documents at all. NYT claims they have them, no one has seen them publicly.
@mott-the-hooplesaid Im saying there is no proof in that article. Didnt know forbes was involved in viewing illegally obtained tax documents, if there is any documents at all.
You can literally see the documents in the article.
@vivifysaid Trump is $1 billion in debt AFTER going bankrupt a whopping four times.
Bankrupt FOUR times.
Trump is a failure as businessman; his debt causes massive conflicts of interest with the presidency, which Trump has profited from immensely.
I have a venture-capitalist friend who is purchasing an existing company. As part of his 'strategy', he plans to bankrupt the company after he buys it, transfer eligible assets to a similar-type country that he owns, very complicated, but legal. He will also get great tax-right offs, I am generalizing here. So here we have a successful guy who, well I'll be darned, is bankrupting.
Hopefully you will see from this that bankruptcy is a 'tool' used by many businessmen. Smart ones. I'd have never thought of it!!!
@averagejoe1said I have a venture-capitalist friend who is purchasing an existing company. As part of his 'strategy', he plans to bankrupt the company after he buys it, transfer eligible assets to a similar-type country that he owns, very complicated, but legal. He will also get great tax-right offs, I am generalizing here. So here we have a successful guy who, well I'll be darned, is b ...[text shortened]... s that bankruptcy is a 'tool' used by many businessmen. Smart ones. I'd have never thought of it!!!
We need to change the laws so they can't do that anymore. There is no wealth increase in that nonsense but the guy gets paid. Not helpful to the economy.
Fredo (Junior) is running the show.
This father/son relationship has got to be right out of Smokey and the Bandit.
Buford T Justice and the idiot junior. 😆😆😆😆
You're talking about Biden and his son Hunter, right?
@averagejoe1said I have a venture-capitalist friend who is purchasing an existing company. As part of his 'strategy', he plans to bankrupt the company after he buys it, transfer eligible assets to a similar-type country that he owns, very complicated, but legal. He will also get great tax-right offs, I am generalizing here. So here we have a successful guy who, well I'll be darned, is b ...[text shortened]... s that bankruptcy is a 'tool' used by many businessmen. Smart ones. I'd have never thought of it!!!
Trump filed bankruptcy after over one billion dollars in losses. This wasn't a deliberate strategy to earn money, it was the last resort of a failing business.
@athousandyoungsaid We need to change the laws so they can't do that anymore. There is no wealth increase in that nonsense but the guy gets paid. Not helpful to the economy.
Maybe change the laws, but there is documentation from many years ago that allows it 'for some reason'. Anyone would take advantage of anything to further their business.
Trump filed bankruptcy after over one billion dollars in losses. This wasn't a deliberate strategy to earn money, it was the last resort of a failing business.
Now here you go saying 'it was a last resort of a failing business', that is just an opinion, you should worry that someone may mistake it as fact and write a post on it, which would be a waste of his time. Be civil, please.
@averagejoe1said I have a venture-capitalist friend who is purchasing an existing company. As part of his 'strategy', he plans to bankrupt the company after he buys it, transfer eligible assets to a similar-type country that he owns, very complicated, but legal. He will also get great tax-right offs, I am generalizing here. So here we have a successful guy who, well I'll be darned, is b ...[text shortened]... s that bankruptcy is a 'tool' used by many businessmen. Smart ones. I'd have never thought of it!!!
Trump filed bankruptcy after over one billion dollars in losses. This wasn't a deliberate strategy to earn money, it was the last resort of a failing business.
You sure he didn't just keep the money invested in the company and then declare bankruptcy?
Kind of boring content -- a man with billions of dollars also shares a debt with a massive realty investment group... a debt that is in the form of a loan?
If loans count as debts, then I imagine a sizable amount of the users here who haven't paid off their homes can be considered to have a massive debt, while the man I saw on a Russia Today documentary about Hong Kong cage houses that owns his 7 meter mini-flat and lives off of $500 a month is actually a very rich man as he has no debt.
Trump Has $1 Billion in Debt
19 Oct '20 19:27
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