DonFerrari said:
generic-user-1 said:
DonFerrari said:
generic-user-1 said:
my parents dont have millions of dollars?
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Do your parents have their own house and such? Maybe they are worth something like 500k at least??? try making the same growth on that money as trump and tell me it was all because he had inherited the money... I know several people that basically only burns the parents money.
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thats not the same. 500k in middleclass assets come down to maybe 10k in free assets. hosues have mortages, savings will be burned if they go into retirement, etc. its not the same as getting millions of dollars in liquid assets and dont forgett, my parents dont know half of the new york money elite.
and trump isnt that rich, most of his worth comes from the trump brand. and thats just a name that could be destroyed rather easyly.
the growth of his wealth in real assets since his dad died wasnt so high.
thats why he acts like he is a clone of richie rich. his brand needs this acting to survive.
you could argue that makes him to one of the best business men ever, or best conman, or best actor...
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I seriously disagree with you... and there are quite a few examples of people earing middle class wages that through savings (and liiving with parents) made salaries of 5k a month in millions in less than 10 years (like start working at 16 and get milionaire by 30 with your own average salarie)... so yes Trump had a leg up, but can you invalidate the possibility of him being one of the guys that would starve himself to become a milionaire if his starting point was a lot lower than what he have?
If most of his wealth comes from his brand, which he created how can you say he isn't worth it? Anything can be destroyed rather easily, Obozo could approve a law that all inheritance are to be taken by the state and that no one is allowed to own more than 1 property, that would basically destroy the wealth of a lot of people, so unless you have a case in hand for Trump losing 99% of his money (like Eike Batista have done, and from beggining you could smeal he was a snake's oil seller) then you saying he could be destroyed rather easily is useless.
500k to 10k real assets is like ignoring all the rest of the earnings have made. If your parent along their whole life have produced from 500k only 10k of real money they really are bad investors, and perhaps if given 1B they wouldn't grow it by any margin, maybe they would burn it with trips, gifts, helping other relatives, etc.
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yes there are realy selfmade billionairs, but trump isnt one of those, he inherited alot of money and connections.
and a brandname isnt a real asset, he could destroy it every day with a wrong comment, thats not a stable asset. he has under 1 billion in real assets, the rest is just the brand. he couldnt finance his own election campaigne if he would run a normal campaigne.
and 500k worth in normal middleclass assets isnt much, and most of it is very illiquide or needed to cover retirement.
first staaawks will be sold, than other assets and in the end the house. there will be not much left if they die at a normal age. and im totaly fine with that, why shouldnt they use all the wealth they created till the end?
