Discussion»Statements»Rosie's Corner» Per tax returns duck lost $315 million on golf courses over 20 years..$15.5 million a year. Why does he invest in financial disasters?
Investments. When you buy or build something, repairs it increases value and you get to count the costs. First years of any business normally loses money. And the loses can be carried over for decades. This is why Amazon does not pay taxes at all. Rollover of past years loses. Not illegal or wrong. I have used it...on a much smaller scale of course.
Ya Trump has had casinos go broke even though there is a old gamblers saying - the House always wins. I got a bet - now that this new tax info has come to light Trump will want to do damage controll. So I think he will try to blame his financial mess on his 2 sons and start saying things like they drove his buisness into the ground well they were running them for the past 4 years. Cheers!
i bet you're on to something Nanoose! When did the crazy duck ever take responsibility for anything? NEVER. He is too busy stealing the credit of the accomplishments of others. We already know he doesn't think much of his sons. It's his daughter that has his eye and mind and heart and who knows what else? Fun ahead for all. Thank you for our reply and Happy Tuesday to thee and thine! :)
I think the better question might be, "Why do banks keep loaning him money?" If you or I had such a poor business success rate, we couldn't get a loan from a money lender, let alone a bank.
Because they saw a crook who might be useful to them for say "laundering" money from illegal deals. That's what the duck is thought to be guilty of in some of his weirder "financial successes". A front a beard a ringer a shill for funneling illegal gains. Hooked up with all the bad guys. The only ones who thought financing his disasters would give them a HOOK into him and they were right! And so it goes. Thank you for your reply L. Deutsche Bank is in big trouble for its participation in some of his scams.
This post was edited by RosieG at September 29, 2020 8:28 AM MDT
Nanoose 