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Donald Trump has not paid any taxes in 10 of the last 15 years. Why didn’t you invest in Bitcoin?

The New York Times published a special report last Sunday on the tax returns of the current President of the United States, Donald Trump. Apparently, Trump only paid $ 750 in federal taxes in 2016. And that was a year he paid. According to the report, Trump has not paid taxes in 10 years for the past 15 years. And in the 5 years he’s paid taxes, he’s actually paid silly. In fact, every school teacher in the United States pays more taxes than Donald Trump.

What what they say shows us that the Trump Organization is actually losing a lot of money every year and the debt is reaching its neck. Your properties aren’t making a lot of money. And they lose value. Businesses directly run by Trump, such as real estate, golf clubs, and hotels, have lost millions. According to the Times, Trump lost $ 174.5 million between 2000 and 2018. Golf courses in particular, which cost $ 315 million, were heavily devalued during this period.

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Donald Trump has not paid any taxes in 10 of the last 15 years. Why didn’t you invest in Bitcoin?
Donald Trump has not paid any taxes in 10 of the last 15 years. Why didn’t you invest in Bitcoin?

On the other hand, his statements tell us that Trump is deeply in debt. His loans and other personal debt total $ 421 million. The best known creditor is Deutsche Bank. However, there are many believers. And it is very difficult to know for sure the full list. From a financial standpoint, The Trump Organization is a disaster.

The only branch of the business that has made a profit is its reality show El Aprendiz and its income when it gives its name. Yes that’s right. Trump gives his name to builders from different parts of the world. You bet everything. And Trump cuts the ribbon during the inauguration and the building is called Trump This or Trump That. Trump Moscow Tower, Trump Baku Tower, Trump Turkey Tower, etc. Trump says that everything is his, but the truth is that everything is a show .

If we are to be guided by this report, it is clear that Trump is a terrible businessman. However, he is an excellent showman. This is not a Bill Gates, Warren Buffett, J.P. Morgan or Henry Ford. In fact, we are standing in front of a P.T. Barnum. Phineas Taylor Barnum (1810-1891) was an American businessman, politician, and circus performer known for his famous jokes. The subject is a legend in the entertainment world. Barnum was the epitome of the showman.

Now Donald Trump’s companies are losing money on a significant scale. Now we are playing the alternate universe. It’s 2013 and Donald Trump is starting to buy Bitcoin. How would your business be now? As a mental exercise, let’s go back in time and set this scenario.

How did Trump build his empire? The Donald started out at his father’s real estate company, Fred Trump. The late Fred Trump developed civic housing projects in Brooklyn, Queens, and Staten Island. Everything seems to indicate that through hard work, Fred Trump practically built his company from scratch. But Donald wanted to build in Manhattan from a young age and dedicate himself to the luxury industry.

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Donald Trump began renovating the Commodore Hotel in New York. Donald received a huge tax break from the city for investing in the hotel. This investment brought the hotel out of bankruptcy. And the place reopened with the name Grand Hyatt. Then Donald built the Trump Tower. With this project, Trump became a media phenomenon. This is where the show started. Because Donald has been everywhere since then. How did you finance your projects? With loans. And his father as a guarantor.

This is the secret of the real estate business. Getting a home loan is relatively easy as the property becomes a security and the banks are ready to lend you the money. Then Trump bought two casinos in Atlantic City, Trump Plaza and Trump Castle. And soon after, he started the Trump Taj Mahal project. At the time, Trump was so deeply in debt that no bank would lend him any more money and he was forced to issue Junks’ bonds. Soon he declared bankruptcy.

In the early 1990s, Trump was in serious financial trouble. Hundreds of vendors were left without their payment. But he eventually managed to repay the bonds. How did it Sale of real estate and listing. That is, the bonds were paid for with investors’ money. On paper, Trump was “worth a lot” and his talent for selling himself as a successful man attracted many people. Trump is not a particularly successful topic among business people. But in the public imagination, Trump is Ricky Ricón.

After his bankruptcy, Trump didn’t do much in real estate or business for long. But he’s done a lot of commercials, cameos, interviews, and media appearances. Trump became a sensation, especially for his 2004 reality show The Apprentice. The show’s producers redesigned his office and portrayed him with a super successful businessman. And most of the projects presented there were projects that only bore his name. Licenses.

The Trump story is certainly incredible. A showman who managed to convince everyone that he was a genius in the business. However, when we analyze their businesses, what we have in one Ponzi scheme at a time. And the only successful business is a television show and selling your name. All other properties were bought with (excessive) debt and are losing money.

It would not have been possible to see Trump buying Bitcoin in 2013 as Trump is not an investor. You have no capital to invest. Trump is basically a real estate debt. And intellectual property royalties for its reality show and the Trump brand. In 2013 he could not have bought Bitcoin. For a person in debt and on the verge of bankruptcy, Bitcoin is not a sensible alternative.

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Sure, you could always buy Bitcoin with debt (or with money you need to pay off your debt). In this case, Bitcoin’s appreciation would have been enough to radically change finances. The problem is that Trump’s businesses work like a Ponzi scheme. In order to, Which is better Bitcoin or a Ponzi scheme? Bitcoin, of course.

But what if the scheme is in the works? So money has to be taken out of the program to invest in Bitcoin in the hopes that the price of Bitcoin will go up so everyone can get paid. It would be so risky that this mental exercise has become a mess. If everything is a great show, business is the show. And Trump is definitely the king of the show.

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