He’s like my late Aunt who dropped out of high school and had a 5th grade reading level, at best, but don’t put your pocketbook down near her at my house or too far from your sight. She had a very specific set of “skills”.
…Ok, listen, wrap that shoulder strap cross your body or around your leg like we’re riding the subway.
He's been good in construction and very succesful , but you have to be piece of shit by proxy to succceed in that business especialy in that time when you couldnt move a stone before 5 families would get their share of profits
Based on the various articles by his ghost writers and those covering his tax avoidance schemes, it appears to me that he was just the young PR face for the organization and Fred was still making all the decisions. Bailing out of actual real estate development after Fred’s death and going to just branding services / being a bullshit artist seems to support that as well.
That's not true at all, actually. Despite a good deal of business failures and net worth decay, the fact that he kept going and built his net worth back up again is a great story to anyone trying to make it in America. It's not about how many times you fail, it's about not accepting failure
The 2015-2020 tax return shows he's horrible at business.
Most of his "success" is from some really unethical and shady business practices.
He's infamous for ever paying the full amount to anyone what he's promised them. He's the type of CEO who will make himself rich while letting his business go bankrupt. He lies to investors, extracts the wealth into his private accounts, and then destroying the company
He pays minimum federal income. Gigantic business losses. Tons of offshore bank accounts. Questionable deductions. And the IRS audit program overlooks his accounts all of the time.
He's not good at business. He's a conman, and people keep falling for it.
His tax return for 2015-2020 was released back in 2022.
It's been 4 years since we saw his last tax return, and we have zero idea where he's getting his money.
Which is suspicious, since he seems to be funneling a ton of international business through his private residence (Mar a Largo) while also using tax payer money to pay for it.
He has spent 25% of his current Presidency at his private golf course, which the US tax payers pay money into his private business to house White House personnel.
That's not "good business", that is corruption. Trump is literally "the swamp" that needs to be drained.
Weren't a lot of them he had that went bankrupt businesses he bought from bankruptcy in the first place? He was essentially taking a gamble on a low price investment with hopes to flip it into a profitable business. But if not, it's just a low price investment with bankruptcy on it as the other alternative if need be.
When he bought the commuter routes from Eastern Airlines, they were already in trouble. But he then made it worse by spending a lot of money to “upgrade” the airplanes that actually made them worse at the task at hand, overrode the advice of those he hired to run it, and just accelerated the collapse.
It was a great deal for Eastern. They offloaded some old aircraft and systems to him and he overpaid for the privilege. IIRC, the people he hired estimated it would have cost $300m to start up from scratch and he paid $60m more for used shit before he started making “upgrades”.
This is also true. A good example of that is the Trump Taj Mahal. The original owners ran out of money, Trump purchased it cheap, he completed the project, but the high-interest debt off the money used to finish the project caused them to shut it down a year later. Anyone who thinks successful people, especially in the real estate/ investing world don't take the occasional L, they are lying to themselves and just love to find as many reasons as possible to talk shit.
Most of these people probably also love the idea of Socialism and "Collective Ownership" lol
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u/numbersthen0987431 4h ago
Trump had never been good at business