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Are you surprised???
He didn’t build SHIT.
He inherited from Daddy, had to be bailed out by Daddy numerous times, went bankrupt numerous times, got sued repeatedly, fucked his partners, contractors, and employees, and never built anything. Other people built, he slapped his name on it, and then he stole the fucking money.
He didn’t build SHIT. He fucking STOLE it.
Another Trump-named casino in Atlantic City files for bankruptcy
by Aaron Smith @AaronSmithCNN September 9, 2014: 12:39 PM ET
Another Atlantic City casino with the Trump name is in trouble.
Trump Plaza Associates, the company that runs the Trump Taj Mahal, filed for Chapter 11 bankruptcy protection in Delaware on Tuesday.
The Taj Mahal will close on Nov. 13 or shortly thereafter, according to a company spokesman. Another casino owned by the company, the Trump Plaza, is expected to shut down after Sept. 16, costing 1,046 employees their jobs.
The company, in its court filing, estimates assets worth between $10 million and $50 million, and liabilities worth between $100 million and $500 million. The documents identified 30 debtors, the most prominent being Thermal Energy Limited Partnership I, an operator of heating and cooling equipment which is owed nearly $3 million.
That’s what he does. He makes yuge promises, lines his pockets up front, leaves the wreckage for everyone else to clean up, and then he takes tax breaks on his “loss” too. He’s a cheat and a thief.
- He didn’t go bankrupt ‘numerous’ times. At least not compared to the hundreds of companies he’s owned or controlled. He took four casinos bankrupt once they began to fail in the downturn that affected all the New Jersey casinos. What would you have had him do, keep the doors open until the sheriff came to padlock the doors? At least under the terms of the bankruptcies his creditors retained the option of taking over the properties and attempting to run them profitably themselves, or to sell off what they could and thereby recoup at least some of their investment.
2.Maybe he did and maybe he didn’t rip off contractors, etc. And maybe they took shortcuts and/or performed shoddy work and/or tried to overcharge him. I don’t think either of us has the slightest idea which is truly the case. What is the case is that he continues to obtain financing and contractors and to successfully develop new properties.
- I’ll buy you a case of beer if you can explain how Trump inherited two multi-billion dollar fortunes from a father who had only built up $300 million in wealth by the time he died in 1999. Trump had already made, lost and rebuilt his multi-billion dollar fortunes by the time his father died, after which he inherited $100 million, which equaled only about 5% of his overall wealth at the time.
The claim that Trump inherited his wealth is one of the most stupid claims made on this board. I’ve refuted it again and again and again and yet guess who’s popping up to assert it one more time? Isn’t it your side who’s always harping about how in love they are with the facts? If so, your lib card badly needs to be recalled. But it won’t be of course, because you guys are every bit as prone to spout bullshit in the face of things you don’t like to hear as anyone else.
That umm “anyone else”, that would be you . . . right?
UP NEXT: Four isn’t “numerous”!
CMC fnord!
A lot of that is also just conjecture and blobiating from Starving A unless Trump releases his taxes.
The previous promise to release his returns after the election is now inoperative, and, effectively, never existed. Since it is impossible to break a promise that was never made, he did not break a promise. His statements to the effect that being audited prevents him from releasing information is a bold-faced lie, which is not a promise.
Ah, ignorance raises its head once again. Tax returns tell you nothing about a person’s net worth. Given the way taxes are structured and the numerous things that go into calculating them they don’t even tell you much about a person’s true income. As a very simple example, how much of your income do you pay tax on vs. the amount you actually make?
Hmm, that’s not quite the way Fortune magazine put it:
:dubious: Then what a shame it is that Trump seems to be so bad at picking contractors/employees who won’t perform shoddy work and/or try to overcharge him. Based on the hundreds of lawsuits, liens and judgements against his companies for nonpayment of bills, if he’s not deliberately stiffing these people to save money, then he’s either had the worst run of luck imaginable or he’s got appalling judgement when it comes to hiring people. (And that’s not counting the “24 violations of the Fair Labor Standards Act for not paying employees minimum wage or overtime pay” since 2005 alone).
Indeed, but then it means that Trump is now open to charges of trying to hide huuuge debts that would make a mockery of his statements were he claimed that he was worth about 10 billion dollars.
SA recently did linked at articles were others estimated that trump is actually worth 3-4 Billion, and a lot in not really easy to monetize business. SA just never noticed that it means that Trump also did lie about how much he actually had.
His refusal to release his taxes leaves a festering issue that is not going away. And it will remain relevant as his actual charity contributions to his defunct foundation continue to be looked at; and every year people will be reminded of this when it is expected that the President post his returns.
In yet another disturbing similarity with Nixon he also refused to released his taxes and still won… only to end up releasing four years of tax returns later while in office after facing additional questions over his finances.
Actually you are indeed, besides blobiating, also wrong. Shawn Tully at Fortune Magazine explains:
Didn’t you get the memo? The new label of choice is “alternative facts”.
The lead article in Slate today provides a pretty good breakdown of the Starving Artist mentality and why I remain pessimistic of any future breaking point when Trump’s lies, incompetence and corruption will turn his followers against him.
‘It’s easier to fool people than to convince them that they have been fooled.’ - Mark Twain
Or indeed any other observers.
I have a fond affection for the classics. Ron Zeigler or Kellyanne? Bach or Beethoven?
Good Lord, Fortune? Why not cite Democratic Underground if you’re gonna rely on extreme left sources?
The thing I’m not getting is that S_A has repeatedly claimed that he didn’t vote for Trump. Yet he, as is his fashion, has spent months, dozens of posts and thousands of words, berating other posters who…likewise didn’t vote for Trump. What’s up with that?
Because Trump is now a Republican President. And Starving Artist’s attitude towards a Republican President is invariably… well, I don’t do obscene metaphors, but you get what I mean.