Sunday, December 20, 2015

What Very Wise Decissions?

       I've read that Donald Trump would have more money today if he had simply invested the money he was given wisely and sat back in his easy chair and lived a comfortable lifestyle. Of course that presumes he could have chosen wisely. He claims he does make wise choices. all the time. Extremely wisely. But just how wise are his choices?
       Lets just look at his bankruptcies. He's declared bankruptcy four times by his own admission. He claims they were very wise decisions and he has profited by them. I have to say honestly that I can neither agree nor disagree with that statement. What I can say is that the banks and investors who got the short end of the stick in those bankruptcies didn't profit from them.
       The thing is though, by going to the courts to save you money by cutting out the lenders and investors is, in effect, receiving a government subsidy. Instead of owing millions, he gets a pass on most of that debt, which is basically a gift of the money owed. Most of his loan debts are canceled. He doesn't have to pay them back.
       Wouldn't you like to have your mortgage paid off for you? Or maybe your student loan (which by the way, I think should be), or car payment? But just because you overextended yourself and got in over your head is not a good reason to be relieved of your responsibilities. There are times when that might be justified, such as illness or injury, but mostly we're expected to pay our bills and not buy what we can't pay for. Are ya listening Donald?

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