Here’s a nyt article I read back during his first term. I’m surprised this doesn’t get shared more.
Its long, but what it uncovers isnt someone who is bad at business, not really, its something else. Something more intentional.
If my memory serves, the casino was open for like 20 years. And it basically never made money. It was more like it was bled out, slowly. Trump kept using his fame and wealth to get more capital to keep it afloat, which he would then pocket. By the time it went bankrupt his name was on it but his personal money that he put in at the beginning, he’d already gotten that out of it, plus made millions and millions. The casino was paying him like 200k (cant remember if per month or per year) just to have his name up there.
Like I met a guy who was the CFO for Limited brands, Les Wexners old company. He was very rich, had a big house and all these druggy middle aged failsons, a whole fail family tbh, but looking into him he was like really good with money and number. He was a Mormon guy so he was playing straight. Still a filthy capitalist, but someone who was educated and “good at” business.
Trump is definitely not that. He’s more like somebody who is really good at legal crime. Its not about how good of a business man he is or isnt. He’s like a very wealthy, very powerful criminal. So the point was never to make money with the casino. It was about how to suck as much value as possible, technically legally, out of it for as long as possible, at which point you just cut it off having bled every penny out of it. Its not so much the casino went bankrupt, it’s more like it got butchered.
And that’s what he’s doing to the country right now. Him and everybody else who has been plotting for decades to hollow out the USA of anything of value, leaving nothing but a pitiful, nationalistic, fascist husk. That has been the plan all along and Trump is the mascot who is carrying it out, and getting mega wealthy doing it.
Yes.
Four. He bankrupted four casinos, Carl.
Don’t soil my name, or I will make you watch this from the 90’s.
I’ll never get over this because how do you bankrupt a literal money printer.
Likely on purpose. Some sort of tax reasons and uses them as tools for something else.
That’s if we presume he’s that nefarious.
Could also be just absolutely fucking useless but fails upwards.
That’s if we presume he’s that nefarious.
I mean, he is a serial child rapist.
MAGA thinks Trump was a successful business man because The Apprentice portrayed him as one.
A lot more than one!
Not true. It was 6 casinos.
That’s definitely more than one. And in the context of bankruptcies, I’d say “a lot” is accurate as well.
And an entire football league.
This was the start of my old man’s hate for him. I’m glad he held onto that grudge.
Does anyone really think he did it by accident due to sheer incompetence, as opposed to on purpose as a component of some kind of crime (fraud, money laundering, etc.)?
it’s almost certainly the latter
Especially that it was more than one casino, it was certainly some fraud scheme.
there’s just no other logical explanation
Pay his own companies in excess, or those of people he is otherwise indebted to who would otherwise kill him, then write it off on the country/taxpayer dime. Yep, it wasn’t an accident.
Coral
To all the people who are learning about this through this meme bit voted for the guy anyway: you’re probably not on Lemmy anyway.
Those folks love their slurs too much to fit in here
Why is Carl’s hat so small?
