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Failure or Fraud?

Failure or Fraud?

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D

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If he's drowning in debt then why does he donate his 400K/year salary to charity?

HandyAndy
Read a book!

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@dood111 said
If he's drowning in debt then why does he donate his 400K/year salary to charity?
Which charity is that?

AThousandYoung
1st Dan TKD Kukkiwon

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@dood111 said
If he's drowning in debt then why does he donate his 400K/year salary to charity?
He doesn't intend to pay his debts

D

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@handyandy said
Which charity is that?
Here's the list to date:
Q1 2017 Dept. of the Interior National Park Service maintenance of a Civil War site
Q2 2017 Dept. of Education A science, technology, engineering, and math (STEM) camp for children
Q3 2017 Dept. of Health and Human Services Public awareness campaign about opioid addiction
Q4 2017 Dept. of Transportation Infrastructure grant program
Q1 2018 Dept. of Veterans Affairs Caregiver programs
Q2 2018 U.S. Small Business Administration “Emerging Leaders” program
Q3 2018 National Institute on Alcohol Abuse and Alcoholism Not yet announced
Q4 2018 Dept. of Homeland Security Not yet announced
Q1 2019 Dept. of Agriculture Outreach programs, according to a statement from USDA Secretary Sonny Perdue provided to Snopes
Q2 2019 Surgeon General’s Office “An upcoming public health advisory,” USA Today reports.
Q3 2019 Office of the Assistant Secretary of Health “To continue the ongoing fight against the opioid crisis,” the White House told the Associated Press
Q4 2019 Dept. of Health and Human Services To help “confront, contain, and combat coronavirus.”
Q1 2020 Dept. of Health and
Human Services To “develop new therapies for treating and preventing coronavirus.”
Happy now?

HandyAndy
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@dood111 said

Q4 2019 Dept. of Health and Human Services To help “confront, contain, and combat coronavirus.”
How timely.

D

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@handyandy said
How timely.
You say that like it's a bad thing.
Why?

HandyAndy
Read a book!

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@dood111 said
You say that like it's a bad thing.
Why?
Not at all. It's a good thing.

Don't forget to wear your mask.

D

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@athousandyoung said
He doesn't intend to pay his debts
Name one debt he hasn't paid.

no1marauder
Naturally Right

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@dood111 said
Name one debt he hasn't paid.
Here is a list of his six bankruptcy filings which wiped away hundreds of millions of debt: https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

True, our laws allow rich fat cats to bankrupt companies they own and not pay its debts with their own assets. That's just the way they like it; the workers and small shareholders are the ones who get screwed.

Here's an another article showing that the Donald screwed contractors who worked on the Taj Mahal and never paid what they were owed. That was 30 years ago. https://www.northjersey.com/story/news/columnists/mike-kelly/2020/01/24/donald-trump-still-owes-money-to-contractors-who-built-taj-mahal-atlantic-city/4547037002/

There's plenty of articles just like that; here's one from the conservative Wall Street Journal though it is behind a paywall: https://www.wsj.com/articles/donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454

shavixmir
Lord

Sewers of Holland

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@mchill said
President Trump is now squarely between a rock and a hard place with his finances. He can either admit to being a business failure (easily done since he's drowning in debt, with millions more coming due very soon) and try to justify his low tax bill, or face the fact the IRS is not going to swallow his claims that he can deduct 70K for hair treatments, nearly 1 mil. in consult ...[text shortened]... both ways. So, what will he be: Failure or Fraud?

Clue: The correct answer starts with an "F" 😏
You know he can be both, don’t you?

Mott The Hoople

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@no1marauder said
Here is a list of his six bankruptcy filings which wiped away hundreds of millions of debt: https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

True, our laws allow rich fat cats to bankrupt companies they own and not pay its debts with their own assets. That's just the way they like it; the workers and small shareholders are the ones who get screwed. ...[text shortened]... l: https://www.wsj.com/articles/donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454
which law did Trump violate?

shavixmir
Lord

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@mott-the-hoople said
which law did Trump violate?
Law? Laws. It is plural.

D
Losing the Thread

Quarantined World

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@no1marauder said
Here is a list of his six bankruptcy filings which wiped away hundreds of millions of debt: https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

True, our laws allow rich fat cats to bankrupt companies they own and not pay its debts with their own assets. That's just the way they like it; the workers and small shareholders are the ones who get screwed. ...[text shortened]... l: https://www.wsj.com/articles/donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454
A feature of British bankruptcy law is that one is barred from being a company director for seven years. There's two possibilities, either the US system doesn't have this, in which case it ought to, or it does which raises the question as to how the Donaldo escaped the rule?

Mott The Hoople

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@shavixmir said
Law? Laws. It is plural.
well I made it easy and asked for just one...no one could give me one.

Earl of Trumps
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@deepthought said
A feature of British bankruptcy law is that one is barred from being a company director for seven years. There's two possibilities, either the US system doesn't have this, in which case it ought to, or it does which raises the question as to how the Donaldo escaped the rule?
I don't know the answer to that but if I had to venture a guess, I'd the US does not have such a law.

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