Trump is a con man and a crook and always has been. It’s always just about himself and if you don’t do what he wants then he throws you under the bus. The economy was doing well when he took office. He then cut corporate taxes even though it wasn’t needed to be cut so deep. He did that so his company would pay less taxes and increase stock prices to make rich people richer. It did nothing for the working man. He also wanted to get rid of estate taxes so when he dies, money can go to his kids. He’s been doing this for years even when his dad had all the money and estate taxes would going to rob him of his money.
Here’s a story from a few years ago. Trump has a sister that became a federal judge and had to disclose her financials and that is how some of this was found out. The story goes, Fred Trump (Donald’s father) had a lot of low income rental properties (a slum lord). Like all building owners he had to maintain the properties. So here is the scheme…….Donald Trump opened a company with his siblings to buy stoves refrigerators, HVAC, etc. that then resold them to Fred Trump at a markup of 25-50%. That company did nothing to modify or enhance, just resold them at a higher price. So, that was company profit doe Donald and his siblings so they could siphon off cash from Fred and avoid inheritance/estate taxes. Fred Trump then could Jack up the rent because of the cost of the equipment. So, only the tenants got screwed.
People think he’s a great businessman but that is not true. He has many failed businesses and his companies have declared bankruptcy at least 4 times.
www.abi.org
Vox is a general interest news site for the 21st century. Its mission: to help everyone understand our complicated world, so that we can all help shape it. In text, video and audio, our reporters explain politics, policy, world affairs, technology, culture, science, the climate crisis, money...
www.vox.com