Trump Bad Businessman

 I think Trump is a bad businessman because 

  • his tax returns show losses (https://newrepublic.com/article/153855/trump-tax-returns-worst-businessman-america)
  • he had multiple corporate bankruptcies (https://docs.house.gov/meetings/JU/JU00/20200929/111078/HMKP-116-JU00-20200929-SD003.pdf)
    • Trump used his company as a means of transferring his personal debt load onto shareholders, issuing rounds of junk bonds to build up cash that would erase his own debts. 
    • But that same year, THCR sold $1.1 billion in junk bonds to offset some of Trump’s personal debt and buy two more ill-fated casino properties in Atlantic City
    • “Even as his companies did poorly, Mr. Trump did well,” the Times wrote. “He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.”



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