Billionaire Trump Fleeces Workers, Small Businesses
Using rape-and-pillage corporate practices favored by Wall Street, Donald Trump made himself billions while swindling and bankrupting untold numbers of hourly workers and small businesses.
In recounting his “deal-making” experience, Trump says the important thing is that he made a buck, that he came out rich. He ignores the father of five who lost his business when a Trump casino didn’t pay for cabinets. He discounts the minimum wage workers that a Trump resort cheated out of hundreds of dollars of overtime.
And that, Trump says, is how he’d run the country. Trump said that as president he’d treat the nation’s creditors the way he did the creditors in his repeated business bankruptcies, forcing them to accept pennies on the dollar owed. Somebody loses. But it’s never billionaire Trump. When Americans elect a president, they want a leader who will look out for the little guy, not take advantage of him. Exploiting the little guy – and everybody else – to make a buck for himself is Donald Trump’s M.O. That’s not presidential.
The terrible tale of Trump casinos in Atlantic City illustrates his relationship with money, workers and small business. His casino companies went to bankruptcy court four times. Tradesmen, small businesses and creditors weren’t paid. But Trump made out like a bandit. And he’s mighty proud of it.
“Atlantic City fueled a lot of growth for me,” he boasts. “The money I took out of there was incredible.”
He told the New York Times repeatedly that it wasn’t the bankruptcies that mattered; what was really important was that Donald Trump made a lot of money.
What he said is true: he prospered on the backs of botched casino projects. Even as his three Atlantic City casinos failed, a New York Times investigation found Trump shifted personal debts to the casino companies and collected millions of dollars in salary, bonuses and other payments.
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If only we had known this before November 2016 … oh, lookie there! Here’s the publication date:
June 21, 2016
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