When I heard the Businessman President lost $1.17 billion dollars between 1985 and 1994, I suspected it had to be fake news. So much of my trust in him is based upon his business genius. I mean The Art of the Deal and all. If he was lying about his business success what other untruths could I have fallen victim to? Did he really not get any meaningful help from his dad? Did he really not say, “There were good people on both sides” after Charlottesville? Did he really not grab women in the pu#sy?
Thank goodness for Twitter and not having to depend upon the mainstream media. Here’s the perfectly good explanation:
“Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases. Much was non monetary. Sometimes considered “tax shelter,” ….you would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!”
I am not smart enough to understand sentences one, two, three, and four, but even I get sentence five. Just as I had expected, it’s old, highly inaccurate information propagated by the Fake News.
Satire over. I don’t know, maybe it’s just me, but if my entire credibility was on the line, I might take a little more time to craft a response. What a bunch of convoluted bullshit. Avoiding taxes was sport, screw any responsibility for the common good. Also, Businessman President, exactly what part of it is “highly inaccurate”? Show us.
I’m entirely down with this idea.