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Hilarious to hear Corrupt Trash thinks his wife, kids represent a "blind trust".
He has no idea, really is as ignorant as his supporters.
Trump speaks a great deal about his business empire and how fabulously successful it is. There’s been considerable debate on that (some people say he’d be richer if he’d just invested his inherited wealth into an S&P index fund) and a lot of talk about his use of the bankruptcy code. Most of the talk focused on the Trump Organization’s past performance, and precious little on its future. We’ve already seen how his campaign spends a great deal of money at Trump properties, funneling that money ultimately right back to him.
But what of the future of the Trump Organization? We’ve had businessmen-candidates before, but they’ve been scrupulous about separating private interests from public duty. Mitt Romney promised to put his private fortune in a blind trust if elected. George W. Bush did the same. Will Trump do likewise?
We’ve had businessmen-candidates before, but they’ve been scrupulous about separating private interests from public duty.
Our only clue came in the debate of January 14. When asked about a blind trust, Trump replied: “I don’t know if it’s a blind trust if Ivanka, Don and Eric run it,” he said of his children. “If that’s a blind trust, I don’t know.”
He does know, of course, and the answer is: it’s not. In a blind trust, the trustee must have full discretion over the assets, and the trust beneficiary (Donald Trump, in this scenario) must have no knowledge of how the assets are held and no control over them. This requires a truly independent trustee, not the children of the beneficiary.
We’ve seen the opposite of a politician using a blind trust, although not (fortunately) in America. In Italy, the election of billionaire media mogul Silvio Berlusconi led to a situation similar to one we would face under a President Trump. Berlusconi claimed to have separated the two, but the evidence is to the contrary as his businesses gained more than a billion dollars in value during his premiership. Berlusconi became a by-word for corruption in Europe. We must demand that Trump take steps to avoid tarring the American government with that same brush.
http://thefederalist.com/2016/02/25/...-stop-dodging/
Hilarious to hear Corrupt Trash thinks his wife, kids represent a "blind trust".
He has no idea, really is as ignorant as his supporters.
My chihuahua stands a better chance of being elected than Trump. But let's go ahead with the topic because it's super important.
:facepalm
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