| Heh on 07:53 - Sep 28 with 1204 views | DanTheMan |
Whilst it's a catchy headline, the detail is way more interesting. Most of his businesses make no money, it all just loans and moving debt about the place.
Funny thing is that leaves him in a fairly rubbish predicament. Either he's actually not a very good businessman, or he's not paying anywhere near enough tax. |  |
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| Heh on 07:53 - Sep 28 with 1202 views | homer_123 |
I make Trump right on this one...it's fake news, the lot of it.
There's no way on earth he paid tax five years out of fifteen, more like 1 or 2. |  |
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| Heh on 07:59 - Sep 28 with 1187 views | Herbivore |
Once converted into GBP I don't pay much less than that in income tax each month let alone over a whole year.
Most of his income seems to come from the Apprentice and stuff related to that. The article on the NY Times said something along the lines of he's much better at playing being a successful businessman than he is at being a successful businessman. Either he's massively fiddling the books with on paper losses so that he can avoid paying tax - which is scummy whoever you are, but for the actual President seems pretty abhorrent - or he's a really terrible businessman. I suspect actually it might turn out to be a bit of both. |  |
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| Heh on 08:02 - Sep 28 with 1181 views | Guthrum |
| Heh on 07:53 - Sep 28 by DanTheMan |
Whilst it's a catchy headline, the detail is way more interesting. Most of his businesses make no money, it all just loans and moving debt about the place.
Funny thing is that leaves him in a fairly rubbish predicament. Either he's actually not a very good businessman, or he's not paying anywhere near enough tax. |
Has always been the case that he's borrowed other people's money to put up buildngs with his name on them. The fact he can't even make profits from a casino suggests he isn't even very good at that.
If he was really a very successful businessman, he wouldn't have been faffing about making TV programmes*. Too busy running businesses.
* Lord Sugar another case in point. He's still cruising on the achievements of Amstrad. To be fair, he also doen't make the overinflated egotistical claims of Trump, either. |  |
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| Heh on 08:04 - Sep 28 with 1173 views | BanksterDebtSlave |
I like the bit about 450 million of debt being due soon although I imagine the recent years of market moving tweets have it covered! |  |
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| Heh on 08:06 - Sep 28 with 1169 views | Herbivore |
| Heh on 08:02 - Sep 28 by Guthrum |
Has always been the case that he's borrowed other people's money to put up buildngs with his name on them. The fact he can't even make profits from a casino suggests he isn't even very good at that.
If he was really a very successful businessman, he wouldn't have been faffing about making TV programmes*. Too busy running businesses.
* Lord Sugar another case in point. He's still cruising on the achievements of Amstrad. To be fair, he also doen't make the overinflated egotistical claims of Trump, either. |
I'd need to fact check this but I've read several times that if he'd just stuck all the money his dad has given him or he's inherit into a regular bank account he'd be wealthier than he is now. It shouldn't really be a surprise that he's not a very good businessman, he's both thick and a narcissist and you can usually get by in business being only one of the two at worst. [Post edited 28 Sep 2020 8:12]
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| Heh on 08:11 - Sep 28 with 1156 views | DanTheMan |
| Heh on 08:06 - Sep 28 by Herbivore |
I'd need to fact check this but I've read several times that if he'd just stuck all the money his dad has given him or he's inherit into a regular bank account he'd be wealthier than he is now. It shouldn't really be a surprise that he's not a very good businessman, he's both thick and a narcissist and you can usually get by in business being only one of the two at worst. [Post edited 28 Sep 2020 8:12]
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I think it wasn't a bank account but if he'd have just invested in an index fund. But about as involved. | |
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| Heh on 08:25 - Sep 28 with 1112 views | floridaboy |
Pretty certain I read somewhere that he borrowed around about £300 million from China to build a hotel or something in New York and that he still hasnt paid it back!
Walked out of the press conference last night when asked about his taxes!
Absolute clown!!! |  | | |
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| Heh on 08:41 - Sep 28 with 1084 views | bluewein |
I can't wait for this to be swept under the carpet and absolutely nothing to happen... |  |
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| Heh on 08:48 - Sep 28 with 1051 views | davblue |
| Heh on 08:06 - Sep 28 by Herbivore |
I'd need to fact check this but I've read several times that if he'd just stuck all the money his dad has given him or he's inherit into a regular bank account he'd be wealthier than he is now. It shouldn't really be a surprise that he's not a very good businessman, he's both thick and a narcissist and you can usually get by in business being only one of the two at worst. [Post edited 28 Sep 2020 8:12]
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He's also a bully.
There's a documentary about him which for the life of me i can't remember what it's called but it focuses on the deals he done in Scotland for the golf course.
Promised the world to the area more jobs etc and didn't deliver one of them. Someone wouldn't sell their house, so he built a massive wall all around the house, ironically the only proper wall he has built. |  | | |
| Heh on 09:03 - Sep 28 with 1017 views | Guthrum |
| Heh on 08:41 - Sep 28 by bluewein |
I can't wait for this to be swept under the carpet and absolutely nothing to happen... |
It's not going to affect the opinion of fanatical Trumpists, but then they're projecting onto him what they want to believe, anyway. But that doesn't represent enough people to get him elected without moderates and swing voters. | |
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| Heh on 09:29 - Sep 28 with 984 views | homer_123 |
| Heh on 08:48 - Sep 28 by davblue |
He's also a bully.
There's a documentary about him which for the life of me i can't remember what it's called but it focuses on the deals he done in Scotland for the golf course.
Promised the world to the area more jobs etc and didn't deliver one of them. Someone wouldn't sell their house, so he built a massive wall all around the house, ironically the only proper wall he has built. |
Oh - yes, it was a fence (not a wall - failed again on that one) but he planted loads of trees if I remember rightly. | |
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| Heh on 09:30 - Sep 28 with 981 views | ElephantintheRoom |
Fake news - after all many experts on here repeatedly declare you can't make millions by declaring losses | |
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| Heh on 09:35 - Sep 28 with 960 views | Keno |
| Heh on 07:53 - Sep 28 by DanTheMan |
Whilst it's a catchy headline, the detail is way more interesting. Most of his businesses make no money, it all just loans and moving debt about the place.
Funny thing is that leaves him in a fairly rubbish predicament. Either he's actually not a very good businessman, or he's not paying anywhere near enough tax. |
Hasn't he been declared bankrupt two or even three times? |  |
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| Heh on 09:39 - Sep 28 with 957 views | Swansea_Blue |
Couple of interesting threads doing the rounds. One about his level of debt and the other his Russian links.
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| Heh on 10:46 - Sep 28 with 887 views | EdwardStone |
I am currently working on a film script "All The President's Tax"....a bit of a homage to an earlier film about a dodgy White House incumbent
It's a low-budget movie |  | | |
| Heh on 11:20 - Sep 28 with 838 views | Darth_Koont |
| Heh on 08:11 - Sep 28 by DanTheMan |
I think it wasn't a bank account but if he'd have just invested in an index fund. But about as involved. |
Also the idea that someone who inherited a property portfolio in New York City actually knows a lot about business is so way off. It’s such a stacked position to be in that it’s cheating from the very start. |  |
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| Heh on 12:06 - Sep 28 with 795 views | uefacup81 |
By the logic of many on here, does that therefore mean that a loss-making League One football club would be an incredibly shrewd investment on his part, in order to make some sort of profit from multi-million pound losses? |  |
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| Heh on 12:49 - Sep 28 with 749 views | Guthrum |
| Heh on 09:30 - Sep 28 by ElephantintheRoom |
Fake news - after all many experts on here repeatedly declare you can't make millions by declaring losses |
He hasn't made millions, just run up vast debts. | |
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| Heh on 13:05 - Sep 28 with 729 views | TractorWood |
| Heh on 08:04 - Sep 28 by BanksterDebtSlave |
I like the bit about 450 million of debt being due soon although I imagine the recent years of market moving tweets have it covered! |
It will just get refinanced. |  |
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| Heh on 13:13 - Sep 28 with 719 views | monytowbray |
| Heh on 08:02 - Sep 28 by Guthrum |
Has always been the case that he's borrowed other people's money to put up buildngs with his name on them. The fact he can't even make profits from a casino suggests he isn't even very good at that.
If he was really a very successful businessman, he wouldn't have been faffing about making TV programmes*. Too busy running businesses.
* Lord Sugar another case in point. He's still cruising on the achievements of Amstrad. To be fair, he also doen't make the overinflated egotistical claims of Trump, either. |
Sugar's income is mostly corporate property.
No wonder he's so keen to get everyone back in the office.
perhaps it's time we stopped celebrating people with money as a benchmark of hard work or intelligence? Most big money comes from inheritance, greed or luck. |  |
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| Heh on 14:10 - Sep 28 with 673 views | blueislander |
| Heh on 13:05 - Sep 28 by TractorWood |
It will just get refinanced. |
I believe that Deutsche Bank are one of the biggest lenders, and the word is that when he ceases to be President, they will press for repayment. Not sure there will be a queue of banks willing to re-finance. | | | |
| Heh on 14:12 - Sep 28 with 668 views | Keno |
| Heh on 14:10 - Sep 28 by blueislander |
I believe that Deutsche Bank are one of the biggest lenders, and the word is that when he ceases to be President, they will press for repayment. Not sure there will be a queue of banks willing to re-finance. |
Deutsche Bank are not in the healthiest of positions themselves are they!! | |
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| Heh on 14:44 - Sep 28 with 644 views | blueislander |
| Heh on 14:12 - Sep 28 by Keno |
Deutsche Bank are not in the healthiest of positions themselves are they!! |
Indeed not. | | | |
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