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That's only impressive to those that cannot comprehend that had he simply stuck daddy's money in an S&P 500 index it'd probably be $8 billion or more today.
wait, if I go in the casino and bet on every roulette slot, then I will win more money than I bet?
Why don't we have 330 million billionaires then?
In real life, you can't place bets on every roulette slot. The most coverage you can bet on is by color, and even then, winning a color then subsequently losing a color results in a net loss. That is how casinos work. They wouldn't exist if the odds weren't stacked in their favor.
It's a rough analogy to illustrate how once there is a large enough gathering of capital, the controller of said capital can place enough bets that it's impossible to lose. It's pretty telling that he has, at the very best, added a zero to his inherited wealth. The Walton heirs have added more to their net worth just through passive investment than Trump has with his active management.
Read the book. It is all about how he stiffed the construction workers and how he treated the hotel/casino workers in the Atlantic City casinos he owned. Only person on earth who could take a casino down via bankruptcy. Actually, 2 casinos.
Great business sense! Super deal maker!
/sarcastic, in case you couldn't tell.
Made himself into a billionaire. Obviously an excellent deal maker.
[/b]35]do you have any facts to back this up (like "the average NY state resident has $15K in SALT"), or is "hate" just enough to go on?
Here is some info for you. Average salt for NYC is $18,543. I would imagine Trump's gold plated penthouse has higher than average state and local taxes. His permanent residence is now Mar A Lago (last I heard)
A Tax Foundation report found NYC and San Francisco counties pay the most in state and local taxes.
NYC filers pay $18,543 on average, while Bay area filers pay $10,130.
So many "gaffes" and "mistakes" and other things that don't much sense it's starting to look like something else is at work here. I try to resist Alex Jones type of stuff, but man, I just don't know anymore. All of this great reset talk and just looking around at how things are going really makes ya wonder.
I'm beyond the wondering stage. When has any president made so many decisions that hurt America and Americans?
Better than being subsidized by the tax payers and still not being worth $8 billion.
"The hotel, Mr. Trump bragged in “Trump: The Art of the Deal,” his 1987 best seller, “was a hit from the first day. Gross operating profits now exceed $30 million a year.”
But that book, and numerous interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run, on a property that cost only $120 million to build in 1980."
Trump needs to back off of Women directly and blacks indirectly and should care a little more about climate change. And I mean back off in that he has shown negative predispositions towards them rather than being straight up misogynistic or racist.
Otherwise he was a stellar President.
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