fatslob-:O said:
The electorate doesn't seem to share the same view as you do (He's practically Ross Perot reincarnate only this time meaner and younger to shake the Republican Party.) ... And before his second presidential bid, his donations in politics amounted to less than 2 million ... Establishing a blind trust with Trump's assets is a dumb idea. He'd have to liquidate his business holdings which provides THOUSANDS OF JOBS. Not only does he have to liquidate his business assets but he'd have to accept massive losses when selling these assets through a buyer's market. It would discourage future entrepreneurs bid for presidency and that's a bad thing when washington has a very low amount of diversity when it comes to new ideas or issues ... Setting up a blind trust would mean Trump taking on tons of losses and in the end it really doesn't help in reducing potential conflicts of interests when Trump now becomes more beholden to bribes since he has fewer assets than before ... As counter-intuitive as it may seem, the more wealthy you are the less likely you are to corrupt the system ... Trump is more likely to bribe than to take bribes (I'd rather it this way than vice versa) ... |
Firstly, you do understand that "liquidation" doesn't mean that the assets are magically converted into cash, right? A REIT could take them off his hands quite easily, at value. We are also in a buyers market in NY, even though it defies traidional real estate principles: cap rates are currently exceeded by interest rates. Essentially, your belief in him taking losses is completely unfounded.
Secondly, the whole point of the blind trust is to ELIMINATE POTENTIAL CONFLICTS OF INTEREST. It's not to REDUCE them: he works for the US citizenry; if he didn't want that, he should not have run for office. His Russian financial connections are significant and problematic, and he's not even in office yet.
Thirdly, statistics show that wealthier people are less moral and more likely to abuse wealth. There's a reason why so many "great" founders ended up in debt: commitment to the nation, not personal enrichment.