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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHe is not a "self-made businessman"
I know it, you know, everybody knows it--except may Jack Kingston, CNN's mealy-mouthed conservative spokesmodel. Donald Trump is not "self-made"; he inherited a multi-million dollar business from his father, who as far as I know *was* a self-made businessman.
The AP estimates that Trump's fortune grew about 300% between 1988 and 2015. During that same time period, the S&P 500 has grown 1,336%. If Donald Trump had simply invested his inheritance in an index fund, he would be much richer than he is today. I might argue, in fact, that not only is he not self-made, he's a pretty bad businessman. In a sense, he has lost money over the years.
http://fortune.com/2015/08/20/donald-trump-index-funds/..
sharedvalues
(6,916 posts)What do you get? Would the president be in the red without dirty money from abroad? (My bet: yes.)
sharedvalues
(6,916 posts)See Lakoff.
Better headline "He's a bad businessman who inherited wealth".
socialist_n_TN
(11,481 posts)Granddiddy Trump, who you could say actually WAS a self-made businessman. I believe it was in the "hospitality" industry in the west and Alaska. Restaurants that were suspected brothels.