“Rich people have great accountants and they’re able to do all this wizardry to get a tax bill down but this is not a case rich guy hiding profits, this is a case of a man who runs businesses that year-after-year lose tens of millions of dollars.” nytimes.com/2020/09/29/pod…
“On a larger level, Trump has done to the government what he’s done to a lot of his businesses: run up very high costs, far greater than what revenue can support. That’s why we have this mounting deficit even before this virus stalled our entire economy.” nytimes.com/2020/09/29/pod…
“What a lot of this boils down to is that Donald Trump has burnished this image of himself as a successful businessman. And now we have the evidence from his own taxes, these are numbers that *he* reports, that shows this story just isn’t true.” nytimes.com/2020/09/29/pod…
Research suggests a lot of the public is unaware Trump inherited ~400 million dollars, lost it, stumbled into another ~400 million dollars with The Apprentice, and then burned through that windfall. When they learn he’s not self-made, attitudes shift.
How The Apprentice saved Trump: ”He’d just gone through bankruptcies but we made him out to be the most important person in the world…We walked through offices and saw chipped furniture. We saw a crumbling empire. Our job was to make it seem otherwise.” newyorker.com/magazine/2019/…
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