For many people the appeal of Donald Trump as a presidential candidate is his success as a businessman. This “successful businessman” had four business bankruptcies in 1991 and 1992. His leaked income tax form shows that he lost almost $1 billion in 1995. He lost all that money because of mismanagement of his
City casinos and bad investments in an airline and the Plaza Hotel
in . New York
People who worked for him lost their jobs. Scores of contractors were never paid for their work. Investors in Trump’s enterprises saw their shares go from $35.50 in value to 17 cents. Yet Trump continued to enjoy a lavish lifestyle and was able to use the tax loss to shield himself from paying taxes for years to come.
Trump said an ability to avoid paying taxes makes him smart. The two stooges, Rudy and Chris, both referred to Donald’s tax avoidance as “genius.” If losing $915 million is genius, I’d hate to see how much money stupidity can lose.
Donald Trump has called lots of people losers, but he is way ahead of them as the biggest loser of them all.