Trump Casinos lost millions every single year that Donald Trump ran it (but he's still rich)

[Read the post]

6 Likes

He is a crap businessman if he can make a casino lose money.

22 Likes

So the businessesā€™ lost millions while Trump made millions?

A mystery for the ages, truly. And what a country!

13 Likes

Paris Hilton made more money than Trump ever has.
Paris for President! (if all weā€™re going on is moneyā€¦)

Edit to add the numbers:

Trump inherited $200 million from his real estate tycoon father and in the past 30 years he has managed to grow his fortune to an estimated $4 billion. vs. Hiltonā€™s inheritance was $5 million, which is 2.5% the size of Trumpā€™s inheritance. At the age of 34, Hilton now sits atop a $2 billion dollar empire that is entirely separate from her familyā€™s hotel businessā€¦Hilton started out with way less than Trump, and at this rate, by the time she reaches his age, her fortune will likely far overshadow his.
http://thefreethoughtproject.com/business-genius-numbers-paris-hilton-entrepreneur-donald-trump/

18 Likes

Hey, letā€™s not forget how he ran Trump Airlines and the USFL into the ground too

http://content.time.com/time/specials/packages/article/0,28804,2068227_2068229_2068223,00.html

6 Likes

Corporate culture generally coerces professional advisors and managers to externalize costs and privatize financial gains.

The process also presumes that principals will have some access to relief from bankruptcy courts and lenders. Itā€™s not inaccurate to call it socialism-for-the-rich.

Those with equity gain privately while the business entity acquires high-interest debt, fires labor, is purchased, sold, restructured in bankruptcy or all the above.

20 Likes

The House always wins, Trump is the HOUSE, and he made damn sure he would win.

PS. Trumpster is still a complete piece of shit, FACT!

8 Likes

Heā€™s not a business man. Heā€™s a con. The casinos were probably never meant to make money. And his bankruptcies werenā€™t about him being broke, or his businesses failing. They were, as he said, deliberate. Designed to avoid payouts for unpaid subcontractors, lawsuit settlements, and all those public funds and tax credits he used for luxury housing. So whether is Trump University (an out and out scam), or golf courses or ā€˜luxaryā€™ hotels. Business goes bust, Trump walks away rich is his business model.

14 Likes

ā€œit takes more than a simple mind and synthetic smile to be Ronald Reagan.ā€

Wow.

5 Likes

This needs to be mentioned more, particularly in the presence of potential Trump voters, who typically donā€™t care about his many other bad qualities. His claim to fame is that he is a good businessmen. Yet he keeps losing money. Therefor, we have no proof that he is actually good at anything.

9 Likes

Except self promotion. Heā€™s good at that. And rabble rousing.

5 Likes

In his favour, Trump didnā€™t kickstart his with a sex tape. Thatā€™s not a judgment on Paris, just something for which we can be thankful for. :fearful:

9 Likes

There are some things I wish never happened: talkingpointsmemo.com/dc/donald-trump-1982-sex-tape-scandal

10 Likes

Have you watched this yet?

Shouldnā€™t you?

3 Likes

A businessman who would have literally billions more if heā€™d just invested the millions heā€™d inherited. Yeah, heā€™s a genius.

12 Likes

Welcome to BoingBoing. Weā€™re adults here (well, most of us), so weā€™re OK with the use of adult words like ā€˜shitā€™ and ā€˜fuckā€™, provided theyā€™re being wielded by someone who sounds like an adult.

7 Likes

And you, how many businesses do you own, ā€œSteveKas1anā€?

7 Likes

I like the fact how everyone says that Trump has been bankrupt before but nobody cares about the TRILLIONS of dollars in DEBT this country is inā€¦ Everyone hates on Trump, they say heā€™s sooo bad, a liar and corrupt, you gotta be kidding meā€¦ I have been watching politics for a while and every politician is just as bad if not worst than this guy. They are all crooks, every single one of them. Say one thing, sling dirt and lie just to get into office and then they never follow through with your word, every damn time!!! Our political system is the most hypocritical system ever conceived. Be it left or right, complete garbageā€¦ itā€™s a two party system created to divide the American people instead of bringing them together. Literally everyone needs to think about it. Red, blue, left, right, donkey, elephant?? DIVISIVE.

This topic is temporarily closed due to a large number of community flags.