Tuesday, 29 September 2020

"Ultimately, Mr. Trump has been more successful playing a business mogul* than being one in real life." #QotD


"Ultimately, Mr. Trump has been more successful playing a business mogul* than being one in real life."
~ from the NY Times article 'Long-Concealed Records Show Trump's Chronic Losses...'


* "'The Apprentice,' along with the licensing and endorsement deals that flowed from his expanding celebrity, brought Mr. Trump a total of $427.4 million, The Times’s analysis of the records found. He invested much of that in a collection of businesses, mostly golf courses, that in the years since have steadily devoured cash — much as the money he secretly received from his father financed a spree of quixotic overspending that led to his collapse in the early 1990s... The collective and persistent losses he reported from [those businesses] largely absolved him from paying federal income taxes on the $600 million from 'The Apprentice,' branding deals, and investments. That equation is a key element of the alchemy of Mr. Trump’s finances: using the proceeds of his celebrity to purchase and prop up risky businesses, then wielding their losses to avoid taxes."

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2 comments:

  1. Quoting the NY Times is a pathetic and sad and lame. NYT is a completely controlled propaganda outlet and everyone with an IQ above mollusc knows that. I can see that even the intelligentsia of New Zealand are now becoming Zombies.

    ReplyDelete

  2. Even a completely controlled propaganda outlet like the NYT can still sometimes be right -- and when they provide their working, you can check that.

    And sometimes even someone with with an IQ less than a mollusc can be right ... though rarely.

    ReplyDelete

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