(February 11, 2019 at 1:32 pm)Bucky Ball Wrote: There is a reason this fool crime family boss led six, (count em SIX) companies into bankruptcy.
Yeah, the only thing brilliant about Trump is that he somehow managed to convince people to let him do the things that he did. If I tried to copy his business practices, I am pretty certain that I would end up in prison or murdered. In all of his years in Atlantic City, he never made a profit on his Casinos. He basically borrowed enormous amounts of money, shifted some of it to his personal accounts, and then declared bankruptcy. And then he did that again. And then he did that again. And then he did that again. It seems obvious that he never intended to run those casinos profitably, and was only interested in talking people into loaning him massive sums that he intended to appropriate a percentage of, and then lose the rest in bankruptcy. He wasn't a businessman. He was a bank robber.
The contractors who built his biggest Atlantic City casino only managed to collect something like 30 cents on the dollar for the work that they did. He caused his investors to lose something like $3 billion in Atlantic City. And he stiffed contractors for perhaps hundreds of millions. His net worth is basically money inherited from his father and money that he skimmed off of really bad financing deals. He only knows how to inherit and steal money from lenders. And yet he kept talking people into lending money to him, just so that he could skim some of it and lose the rest.
He is a very high order of lowly thief. The lowliest of thieves cost their victims large amounts of money for small amounts of profit. They will do hundreds of dollars of property damage to steal $40 worth of stuff. They will steal a $2000 item and fence it for $50. Trump is like that. He will sell $1 billion in junk bonds so that he can skim $50 million of it for himself, and then intentionally lose the other $950 million. And then he'll brag about what a great deal it was.
We do not inherit the world from our parents. We borrow it from our children.