info
Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss
Why weren't you born rich like Trump? TRUMP IS BETTER THAN YOU ARE!
4 views
Skip to first unread message
Joe Cooper
May 21, 2018, 5:53:06 PM5/21/18
to
Why weren't you born rich like Trump? You underclass pigs know he
was born better than you and refuse to admit it! We should all
hate the new rich self made $billionaires who oppose "old money, I
inherited it from Daddy" Trump, and we do because we're
subservient to our mighty leader!
Exposing How Donald Trump Really Made His Fortune: Inheritance
from Dad and the Government's Protection Mostly Did the Trick
By Brian Miller, Mike Lapham
?Editor's Note: The following is an excerpt from The Self-Made
Myth: The Truth About How Government Helps Individuals and
Businesses Succeed, by Brian Miller and Mike Lapham
(Berrett-Koehler, 2012). ?Read Sara Robinson's review of the book.
In March 2011 Forbes estimated Donald Trump's net worth to be $2.7
billion, with a $60 million salary. Many praise and analyze his
“success” as if it were self-made, and they fail to attribute the
proper credit to others in society where it is deserved. Despite
what Trump may espouse, his success would have been in no way
possible without his father, the general public, and the US
government. Unfortunately, Trump decided to forget or selectively
ignore these truths while forming his political philosophy, a
sentiment made particularly clear during his brief bid for the
2012 Republican presidential nomination.
Trump was born in New York City in 1946, the son of real estate
tycoon Fred Trump. Fred Trump’s business success not only provided
Donald Trump with a posh youth of private schools and economic
security but eventually blessed him with an inheritance worth an
estimated $40 million to $200 million. It is critical to note,
however, that his father’s success, which granted Donald Trump
such a great advantage, was enabled and buffered by governmental
financing programs. In 1934, while struggling during the Great
Depression, financing from the Federal Housing Administration
(FHA) allowed Fred Trump to revive his business and begin building
a multitude of homes in Brooklyn, selling at $6,000 apiece.
Furthermore, throughout World War II, Fred Trump constructed
FHA-backed housing for US naval personnel near major shipyards
along the East Coast.
In 1974 Donald Trump became president of his father’s
organization. During the 15 years following his ascension, he
expanded and innovated the corporation, buying and branding
buildings, golf courses, hotels, casinos, and other recreational
facilities. In 1980 he established The Trump Organization to
oversee all of his real estate operations.
Trump eventually found himself in serious financial trouble. In
1990, due to excessive leveraging, The Trump Organization revealed
that it was $5 billion in debt ($8.8 billion by some estimates),
with $1 billion personally guaranteed by Trump himself. The
survival of the company was made possible only by a bailout pact
agreed upon in August of that same year by some 70 banks, allowing
Trump to defer on nearly $1 billion in debt, as well as to take
out second and third mortgages on almost all of his properties. If
it were not for the collective effort of all banks and parties
involved in that 1990 deal, Trump’s business would have gone
bankrupt and failed.
In 1995 Trump took Trump Hotels & Casino Resorts Inc. public and
received a substantial financial boost from society and the
Securities and Exchange Commission (SEC) regulations that enable
the market to function. He initially sold 10 million shares at $14
per share and then in 1996 sold 13.25 million shares at $32.50 a
share. This initial public offering granted Trump’s company a
stability and legitimacy that would have been impossible without
millions of people around the world trusting his organization and
investing with the hope of shared success.
Despite the clear societal and governmental assistance described
above, Trump continues to be outspoken in his criticism of
government. In his book The America We Deserve, Trump explains
that “the greatest threat to the American Dream is the idea that
dreamers need close government scrutiny and control. Job one for
us is to make sure the public sector does a limited job, and no
more.” This quote proves to be particularly ironic when
considering Trump’s feelings about eminent domain laws. He was
quoted as saying, “I happen to agree with it 100 percent” when
speaking of the 2005 Supreme Court decision on Kolo v. New London,
which affirmed the government’s ability to transfer land from one
private owner to another for the purpose of economic development
in the area. In fact, Trump attempted to take advantage of eminent
domain laws on multiple occasions, once even demanding that an
elderly widow give up her home so that he could build a limousine
parking lot.
Perhaps more disturbing than his hypocritical condemnation of the
government is his failure to acknowledge anyone’s contributions,
save his own, in the creation of his success. At the 2011
Conservative Political Action Conference, Trump made clear his
feelings on the creation of his wealth: “Over the years I’ve
participated in many battles and have really almost come out very,
very victorious every single time. I’ve beaten many people and
companies, and I’ve won many wars. I have fairly but intelligently
earned many billions of dollars, which in a sense was both a
scorecard and acknowledgment of my abilities.” Furthermore, Trump
apparently sees no benefit in supporting taxes to maintain
institutions such as the Securities and Exchange Commission to
regulate the stock market, in which he publicly trades his
company, or the court system, which actively protects his property
rights: “We are the highest taxed nation—I would tax foreign
countries that are ripping off the US and lower taxes for
Americans.”
From the moment of his birth, Trump was set up for success. The
large inheritance left to him by his father, coupled with the
contributions and the protections of society and the US government
made his ascension to the Forbes 400 list almost inevitable.
Nevertheless, Trump fails to recognize this phenomenon and
continues to express his belief that he did it alone.
was born better than you and refuse to admit it! We should all
hate the new rich self made $billionaires who oppose "old money, I
inherited it from Daddy" Trump, and we do because we're
subservient to our mighty leader!
Exposing How Donald Trump Really Made His Fortune: Inheritance
from Dad and the Government's Protection Mostly Did the Trick
By Brian Miller, Mike Lapham
?Editor's Note: The following is an excerpt from The Self-Made
Myth: The Truth About How Government Helps Individuals and
Businesses Succeed, by Brian Miller and Mike Lapham
(Berrett-Koehler, 2012). ?Read Sara Robinson's review of the book.
In March 2011 Forbes estimated Donald Trump's net worth to be $2.7
billion, with a $60 million salary. Many praise and analyze his
“success” as if it were self-made, and they fail to attribute the
proper credit to others in society where it is deserved. Despite
what Trump may espouse, his success would have been in no way
possible without his father, the general public, and the US
government. Unfortunately, Trump decided to forget or selectively
ignore these truths while forming his political philosophy, a
sentiment made particularly clear during his brief bid for the
2012 Republican presidential nomination.
Trump was born in New York City in 1946, the son of real estate
tycoon Fred Trump. Fred Trump’s business success not only provided
Donald Trump with a posh youth of private schools and economic
security but eventually blessed him with an inheritance worth an
estimated $40 million to $200 million. It is critical to note,
however, that his father’s success, which granted Donald Trump
such a great advantage, was enabled and buffered by governmental
financing programs. In 1934, while struggling during the Great
Depression, financing from the Federal Housing Administration
(FHA) allowed Fred Trump to revive his business and begin building
a multitude of homes in Brooklyn, selling at $6,000 apiece.
Furthermore, throughout World War II, Fred Trump constructed
FHA-backed housing for US naval personnel near major shipyards
along the East Coast.
In 1974 Donald Trump became president of his father’s
organization. During the 15 years following his ascension, he
expanded and innovated the corporation, buying and branding
buildings, golf courses, hotels, casinos, and other recreational
facilities. In 1980 he established The Trump Organization to
oversee all of his real estate operations.
Trump eventually found himself in serious financial trouble. In
1990, due to excessive leveraging, The Trump Organization revealed
that it was $5 billion in debt ($8.8 billion by some estimates),
with $1 billion personally guaranteed by Trump himself. The
survival of the company was made possible only by a bailout pact
agreed upon in August of that same year by some 70 banks, allowing
Trump to defer on nearly $1 billion in debt, as well as to take
out second and third mortgages on almost all of his properties. If
it were not for the collective effort of all banks and parties
involved in that 1990 deal, Trump’s business would have gone
bankrupt and failed.
In 1995 Trump took Trump Hotels & Casino Resorts Inc. public and
received a substantial financial boost from society and the
Securities and Exchange Commission (SEC) regulations that enable
the market to function. He initially sold 10 million shares at $14
per share and then in 1996 sold 13.25 million shares at $32.50 a
share. This initial public offering granted Trump’s company a
stability and legitimacy that would have been impossible without
millions of people around the world trusting his organization and
investing with the hope of shared success.
Despite the clear societal and governmental assistance described
above, Trump continues to be outspoken in his criticism of
government. In his book The America We Deserve, Trump explains
that “the greatest threat to the American Dream is the idea that
dreamers need close government scrutiny and control. Job one for
us is to make sure the public sector does a limited job, and no
more.” This quote proves to be particularly ironic when
considering Trump’s feelings about eminent domain laws. He was
quoted as saying, “I happen to agree with it 100 percent” when
speaking of the 2005 Supreme Court decision on Kolo v. New London,
which affirmed the government’s ability to transfer land from one
private owner to another for the purpose of economic development
in the area. In fact, Trump attempted to take advantage of eminent
domain laws on multiple occasions, once even demanding that an
elderly widow give up her home so that he could build a limousine
parking lot.
Perhaps more disturbing than his hypocritical condemnation of the
government is his failure to acknowledge anyone’s contributions,
save his own, in the creation of his success. At the 2011
Conservative Political Action Conference, Trump made clear his
feelings on the creation of his wealth: “Over the years I’ve
participated in many battles and have really almost come out very,
very victorious every single time. I’ve beaten many people and
companies, and I’ve won many wars. I have fairly but intelligently
earned many billions of dollars, which in a sense was both a
scorecard and acknowledgment of my abilities.” Furthermore, Trump
apparently sees no benefit in supporting taxes to maintain
institutions such as the Securities and Exchange Commission to
regulate the stock market, in which he publicly trades his
company, or the court system, which actively protects his property
rights: “We are the highest taxed nation—I would tax foreign
countries that are ripping off the US and lower taxes for
Americans.”
From the moment of his birth, Trump was set up for success. The
large inheritance left to him by his father, coupled with the
contributions and the protections of society and the US government
made his ascension to the Forbes 400 list almost inevitable.
Nevertheless, Trump fails to recognize this phenomenon and
continues to express his belief that he did it alone.
Gunner Asch
May 21, 2018, 8:45:53 PM5/21/18
to
On Mon, 21 May 2018 21:53:02 +0000 (UTC), Joe Cooper
<joe.c...@gop.net> wrote:
>Path: not-for-mail
>From: Joe Cooper <joe.c...@gop.net>
>Newsgroups: alt.fan.rush-limbaugh,alt.global-warming,rec.arts.tv,talk.politics.guns,rec.crafts.metalworking
>Subject: Why weren't you born rich like Trump? TRUMP IS BETTER THAN YOU ARE!
>Followup-To: alt.fan.rush-limbaugh.tv-show,can.politics,alt.tv.pol-incorrect
>Date: Mon, 21 May 2018 21:53:02 +0000 (UTC)
>Organization: Joe Cooper
>Lines: 117
>Message-ID: <XnsA8E9B5D3...@46.165.242.91>
>NNTP-Posting-Host: I4MNFxd86zaZv2u16CCtzQ.user.gioia.aioe.org
>X-Complaints-To: ab...@aioe.org
>User-Agent: Xnews/5.04.25
>X-Notice: Filtered by postfilter v. 0.8.3
>X-Received-Bytes: 7012
>X-Received-Body-CRC: 682055600
>X-Antivirus: Avast (VPS 180521-0, 05/20/2018), Inbound message
>X-Antivirus-Status: Clean
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
<joe.c...@gop.net> wrote:
>Path: not-for-mail
>From: Joe Cooper <joe.c...@gop.net>
>Newsgroups: alt.fan.rush-limbaugh,alt.global-warming,rec.arts.tv,talk.politics.guns,rec.crafts.metalworking
>Subject: Why weren't you born rich like Trump? TRUMP IS BETTER THAN YOU ARE!
>Followup-To: alt.fan.rush-limbaugh.tv-show,can.politics,alt.tv.pol-incorrect
>Date: Mon, 21 May 2018 21:53:02 +0000 (UTC)
>Organization: Joe Cooper
>Lines: 117
>Message-ID: <XnsA8E9B5D3...@46.165.242.91>
>NNTP-Posting-Host: I4MNFxd86zaZv2u16CCtzQ.user.gioia.aioe.org
>X-Complaints-To: ab...@aioe.org
>User-Agent: Xnews/5.04.25
>X-Notice: Filtered by postfilter v. 0.8.3
>X-Received-Bytes: 7012
>X-Received-Body-CRC: 682055600
>X-Antivirus: Avast (VPS 180521-0, 05/20/2018), Inbound message
>X-Antivirus-Status: Clean
>
>Why weren't you born rich like Trump? You underclass pigs know he
>was born better than you and refuse to admit it!
THis guy is on a roll about Liberals!! More More!!
>Why weren't you born rich like Trump? You underclass pigs know he
>was born better than you and refuse to admit it!
---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
0 new messages