Wednesday, July 27, 2016

The Making Of The Rich.

       Donald Trump is a multibillionaire, that's a fact. Just imagine how someone becomes a multibillionaire. It can't be easy. Its gotta take hard work. I can just imagine young Donnie starting out in life packing his overnite bag and trudging off into the cold cruel world with nothing but the million dollars Daddy gave him as a starter gift. But how does one parley a paltry million into several billion?
       Well, our government helped somewhat. It invented a process called bankruptcy. Oh, how to explain. Let me give you an example. Suppose you were to call your bookie, Fat Willie, and tell him to put $5000 on the first horse in the first race tomorrow to win. But the horse loses the race. Fat Willie calls and wants to know where his $5000 is. You tell him you don't have $5000 so you're gonna declare bankruptcy. So Fat Willie sends Freddy Fingers and Big Luther over to break your legs. Hmm, I guess that's not a good example.
       Let's try this one. You take out a loan for four million to buy a building for two million and spend the rest to renovate the building, but when you're finished the building is only worth one and a half million because there are structural problems. So you declare bankruptcy. Now the workers and suppliers and contractors and the bank get stuck with nothing. Then you sell the building for the one and a half million, which is all clear profit.
       Nobody comes around to break your legs and Fat Willie invites you over for steak and lobster tail. Now do that a few times and the pennies start to add up after a while. Then build a casino or two that go out of business and declare a tax loss throwing thousands of good people out of work and the pennies keep on piling up. Send jobs overseas to save on production costs and the pennies are hip deep. It all makes good busyness sense, but how would that prepare you for being President? Think you can declare bankruptcy for America? How does sending citizenship overseas save on costs?

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