“If you or I fail at business, we fail. If we cheat and fail, we go to jail. But if you’re rich and politically connected, your incompetence may be protected by a government bailout.”
– Robert Kiyosaki
Donald Trump calls himself a “business genius.”
But reports showing he lost almost $1 billion in the mid nineties has torn his rep to shreds on the minds of many voters.
His (Wall) street cred took a big hit.
It’s even worse though. The guy casting himself as the bringer of change and defender of working people is actually the worst example of the corrupt banks and the rigged system for the rich and powerful.
Trump got his start with huge tax breaks from the government. So right away he was benefitting from a system that lets the super-rich get away without paying while forcing you to give up almost half your money to the failed politicians.
Then, when he ran into big trouble – bad bets, tons of debt – the banks bailed him out instead of punishing him for his failure.
The banks literally rescued Donald Trump. And the corrupt government teamed up with the banks to get Donald back on his feet: He used a tax loophole passed by the politicians to seemingly avoid paying taxes for decades.
It’s a total disgrace.
It’s another example of the corrupt corporatist cabal that rigs the system against you and in favour of those already at the top.
Trump was famous and had a big name. So instead of letting him fail as he deserved, the corporatist system conspired to save him, while all those he never paid suffered and lost everything without any help at all.
It’s disgusting and sickening.
Remember this: If it weren’t for a bank bailout, Donald Trump would have gone bankrupt and we would have been spared his horrendous run for the presidency.
And it was all probably legal. Politicians created those laws. That makes it even worse.
I’ll leave you with this quote from Anne Bishop:
“When honor and the Law no longer stand on the same side of the line, how do we choose?”