Quote:
Originally Posted by Relentless
Just a quick fact...
If Donald took the millions his father willed to him and left them in a Savings account, he would have more wealth today than he does now. He hasn't even earned what compounding interest would have earned him.
His father Fred Trump was a universally respected giant of the New York construction industry. He left his asshat son a fortune. His asshat son Donny used that fortune to acquire debt and appear to be worth more than he is, while going bankrupt a number of times and dragging down vendor companies that he subcontracted in the process.
Loser.com is a very fitting moniker for Donny.
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There are two problems with this argument:
1) It's not factually true
2) What kind of boring ass life is that putting all your money in stocks and not doing anything with it? No golf courses, no buildings, no private jets, etc.
Also you're ignoring the illiquid nature of the assets he inherited, taxes, fees, trading costs of rebalancing the portfolio, market impact of multi-billion dollar orders, any money he actually spent over that time period, and probably multiple other factors.
It's so funny how most of the time Democrats complain that rich people "sit on their money" and derisively use the term "job creators." Yet here we have a rich person who spends an obscene amount of money (stimulating the economy!) and hires 22,000 workers. And what "should" he have done? PARKED ALL THAT MONEY IN AN ACCOUNT AND NEVER TOUCHED IT, BECAUSE FUCK DONALD TRUMP!
It's almost like the narrative matters more than facts.