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 Atlantic
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.
