Miscellaneous And Off Topic Subjects

[THE_WIZARD_]

Pretty much...both irritating af and egos the size of Long Island...

[lineygoblue]

hello

[Dr. Strangelove]

[klondike]

HRC and DJT are two sides of the same coin.

One's a career politician and the other a #1 TV show star and successful businessman. But let's all trust the career politicians who enter broke and leave near billionaires. All off the working man's hard labor..

[Whitley]

One's a career politician and the other a #1 TV show star and successful businessman. But let's all trust the career politicians who enter broke and leave near billionaires. All off the working man's hard labor..

What successful businessman has a casino that goes bankrupt?

[AlabamAlum]

The biggest mistake Trump made with it was ever investing in it to begin with. Atlantic City is a dump and New Jersey labor unions make those kind of businesses difficult. That’s why there are only a handful of casinos in AC. I love to gamble and AC was the worst. Went once and that was too much. Mississippi casinos are better and that’s not a joke.

[iam416]

Alabam"Alum" always finds a way to tout the SEC. Even SEC casinos are better. Shameless shit.

[Dr. Strangelove]

What successful businessman has a casino that goes bankrupt?

To be fair he had multiple casinos go bankrupt and the Taj Mahal went bankrupt multiple times. Including within about a year after opening in 1990, at a time when there wasn't nearly as much competition around the country as today.

[AlabamAlum]

Look, there are a ton of things we can trot out to make fun of Trump. His business ventures make the least sense. He is extremely wealthy. Forbes says he is worth $2.5 Billion. He says it’s $10 billion. But, for the sake of argument, let’s say he’s “just” worth one billion dollars. With that kinda money, taking a gamble on a New Jersey casino (pun intended) was a tax write-off and a shoulder shrug to him.

[Dr. Strangelove]

Look, there are a ton of things we can trot out to make fun of Trump. His business ventures make the least sense. He is extremely wealthy. Forbes says he is worth $2.5 Billion. He says it’s $10 billion. But, for the sake of argument, let’s say he’s “just” worth one billion dollars. With that kinda money, taking a gamble on a New Jersey casino (pun intended) was a tax write-off and a shoulder shrug to him.

He was close to personal bankruptcy throughout the 90's. The casinos, the USFL, Trump Shuttle, all failed miserably and then he also got divorced twice.

Two things rescued him. His dad finally died, leaving him over half a billion, and The Apprentice. Trump was no longer front page tabloid stuff by the late 90's-early 2000s. He was considered washed-up and fading from the pop culture zeitgeist. Then Mark Burnett rescued him from the dumpster and turned him into World's Great Businessman: The Reality Series. Everything about that show was concocted and fake. For a long time they pretended it was shot at Trump's office but that was a lie. The Trump Org's actual offices were too shabby and shitty looking for a tv show so they did it in a studio instead.

But you can see a break in Trump's core business model beginning around that time in the early 2000's. He went all-in on image and largely gave up management and ownership to other people. He was now largely selling his name to projects rather than building things himself. The Trump name was now more of a brand you could slap on anything for the right price. And that's' been mostly successful for him. The real estate empire he first became famous for in the 70's and 80's is largely gone.

Anyhoo I will make fun of Trump Steaks (now available at Sharper Image!) for the rest of my life. And you tell me I can't?? Horsefeathers, AA. Horsefeathers.

[AlabamAlum]

“CLOSE to personal bankruptcy in the 90’s!” lol

It’s silly to Monday Morning Quarterback a billionaire’s finances from 30-years ago, especially when there are more substantive things to pick on, but whatever.

[THE_WIZARD_]

How did Hillary make her money? How is The Chairman so wealthy?

[Dr. Strangelove]

“CLOSE to personal bankruptcy in the 90’s!” lol

It’s silly to Monday Morning Quarterback a billionaire’s finances from 30-years ago, especially when there are more substantive things to pick on, but whatever.

I'm making fun as his self-declared mythology as "brilliant businessman". If some jackass tells you he's the smartest, best businessman America's ever seen, or one of his supporters makes that claim, it's fair game to talk about his spectacular failures.

And yes he nearly went bust in the 90's. By 1990 he was nearly $3.5 Billion in debt and that's before both of his AC casinos went bust (for the first time), his airline went bust, and he went through a very messy divorce from Ivanka. His dad wouldn't give him his inheritance early. You don't have to take my word for it but he was in deep financial trouble by the 90's. Low point of his life.

[THE_WIZARD_]

TDS

[Da Geezer]

Look, there are a ton of things we can trot out to make fun of Trump. His business ventures make the least sense. He is extremely wealthy. Forbes says he is worth $2.5 Billion. He says it’s $10 billion. But, for the sake of argument, let’s say he’s “just” worth one billion dollars. With that kinda money, taking a gamble on a New Jersey casino (pun intended) was a tax write-off and a shoulder shrug to him.

.

I'll bet Trump won tax-wise even with a failure. Remember the heavy subsidies that NJ paid developers to come to NJ (particularly Atlantic City)? Plus, NJ adopted legalized gambling to incentivise investors. Failures happen when the government gets in the business of picking winners and losers or changing the rules.

The definition of a "businessman" is someone who invests time, capital, and labor to build something that the free market rewards. Of course, Trump had failures. Anyone who tries new combinations of capital and labor faces failure.

Progs completely miss the possibility of failure in business. To them, being a businessman means you are making "profits" and profits are bad because they reflect more that could be spent on labor or on taxes to the government. Progs are Marxists, one and all, and they believe in the Labor Theory of Value.

Compare Trump to Joe Biden or the Clintons. The Dems never built anything and sucked at the public tit their whole life. Plus, there is the Clinton Global Initiative and the $ 10 million in proven payments to the Biden Crime Family. Which is worst; failing at a business or taking vast sums of money in graft?