We’ve always known that the vaunted Trump business success was smoke and mirrors.
Economists have studied the Trump fortune and come to the conclusion that the money he inherited would have increased as much or more if he had just put in government bonds.
He’s a horrible businessman...always in trouble one way or another, whether it’s suing people or being sued.
Whether it’s getting into bed with the mob or donating to Hillary Clinton.
He’s already lost over $600,000 fighting the Trump University lawsuit and he hasn’t won yet.
The real Donald Trump is slowly but surely seeping out from that yellow combover.
Agree. We may soon find Trump’s name in the Panama Papers. This guy is not fit to run a downtown motel. He has taken massive advantage of US Bankruptcy laws and has engaged in fraudulent behavior (Trump University) and now maybe criminal fraud as well that prompted the unusual settlement.
On what planet would that be true?
Who are the nebulous "Economists" you reference. Government bonds have been one of the worst investments I have ever seen. I have done better in stocks, real estate, and even T-shirts. What is your track record in business?
He’s a horrible businessman...always in trouble one way or another, whether it’s suing people or being sued.
Lawsuits are just part of the real estate business. I have a very small amount of real estate, and have had numerous lawsuits over the years. How much real estate do you own? And, I am not talking about a personal residence, I mean rental property either residential or commercial.
Trump's Dad didn't die until the 1990s. At 6% interest the purported 40million he received would take over 50 years to reach 1 billion dollars. So your economists aren't very good or they know about some government bonds that no one else does. This brief analysis does not include taxes which would lengthen the time needed. This assumes that you could still find bonds that paid 6% over that whole time period.
Even if he grabbed all of his Dad's purported 200 million. It would take 28 years to reach 1 billion.
You can trash Trump for a lot of things but being a poor businessman isn't one of them. Very few people can go from 40 million to 1 billion.