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Philosophy, Religion & Society / Re: Trump
« on: July 02, 2025, 12:22:13 PM »It's fairly absurd by any measure to claim that a billionaire is not a good businessman. Even the claim that he received a jumpstart through millions from his father just means that both Trump and his father are good business men.
You know, Sam Bankman-Fried was a billionaire. Now he's in prison.
Trump inherited a vast fortune and it was all gone before he was 50 years old. By his sixties, he had so many bankruptcies that the American financial industry wouldn't do business with him anymore. He gets his credit from Europe and currently Deutsche Bank holds the 'pink slip' to Mar A Lago. 90% of the businesses with his name on it have failed. Let's not forget Trump’s $TRUMP token, down by 80%.
This patently false idea that Trump is some super savvy businessman is one of the myths that keeps him popular with his Appalachian, sub-normal supporters and the idiots that invest in his scams.
BTW: Billionaires fail all the time.
https://www.msn.com/en-us/money/savingandinvesting/eight-billionaires-from-around-the-world-who-have-gone-broke/ar-AA1Edo8j