The man didn’t get to be a billionaire ten times o... (
As a Businessman, Trump Was the Biggest Loser of All
ast October, the New York Times published a monumental exposé of how Donald Trump and other members of the Trump family engaged in sham financial schemes during the nineteen-nineties, including what the newspaper described as “instances of outright fraud,” to avoid paying hundreds of millions of dollars in taxes on the real-estate fortune that Fred Trump passed on to his children. Last month, the three reporters who wrote the story—David Barstow, Susanne Craig, and Russ Buettner—were awarded the Pulitzer Prize in explanatory reporting.
On Tuesday evening, the Times dropped another story that delved into the President’s financial past. Written by Buettner and Craig, and based upon “printouts from Mr. Trump’s official Internal Revenue Service transcripts” that the reporters obtained, the story further undermined the assiduously promoted fiction that Trump, before he became a reality-television star and entered politics, was a highly successful self-made businessman. He was anything but.
Just like his money, trump had nothing to do with making the economy we now have. It is the extension of the 7 years of growth under the President Obama administration.
He made himself and the ultra rich a mountain of money.. now it is near its end and the rest of America may end up paying for the gift.. Just like we pay for the tariffs which he loves to think worked.
ask farmers how things are going for most of them.. https://time.com/5736789/small-american-farmers-debt-crisis-extinction/?utm_source=facebook&utm_medium=social&utm_campaign=editorial&utm_term=business_&linkId=77820351&fbclid=IwAR1ZiwWjTHf9ZGxNVF1pN2WFV8a7zi37psw25oY5KUOoeFUbb_AJZwe4FOg
They're Trying to Wipe Us Off the Map.' Small American Farmers Are Nearing Extinction
In the American imagination, at least, the family farm still exists as it does on holiday greeting cards: as a picturesque, modestly prosperous expanse that wholesomely fills the space between the urban centers where most of us live. But it has been declining for generations, and the closing days of 2019 find small farms pummeled from every side: a trade war, severe weather associated with climate change, tanking commodity prices related to globalization, political polarization, and corporate farming defined not by a silo and a red barn but technology and the efficiencies of scale. It is the worst crisis in decades. Chapter 12 farm bankruptcies were up 12 percent in the Midwest from July of 2018 to June of 2019; they’re up 50 percent in the Northwest. Tens of thousands have simply stopped farming, knowing that reorganization through bankruptcy won’t save them. The nation lost more than 100,000 farms between 2011 and 2018; 12,000 of those between 2017 and 2018 alone.