#selfmademyth — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #selfmademyth, aggregated by home.social.
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#Trump has largely done the same, claiming his father only gave him a “very small loan” that he turned “into a company that’s worth many, many billions of dollars.” However, as #KamalaHarris noted during Tuesday’s #debate, Trump’s companies have filed for #Chapter11 #bankruptcy protection SEVEN TIMES.
In 2021, Trump fell off the #Forbes400 list for the first time in 25 years. He returned to the list in 2022, but fell off again in 2023.
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After reviewing financial documents, the NYT reporters determined #Trump received >$413M — in 2018 dollars — from his NYC developer father, Fred, for years.
According to the Washington Post, Trump benefited from trusts set up for family members as well as loans from his father & his father’s estate. The NYT said it found Trump & his father avoided gift & inheritance #taxes by using a #sham corporation & undervaluing assets.
#FactCheck #TrumpLies #debate #SelfMadeMyth
https://www.washingtonpost.com/politics/2016/live-updates/general-election/real-time-fact-checking-and-analysis-of-the-final-2016-presidential-debate/fact-check-trumps-claim-that-he-built-his-company-with-1-million-loan/ -
Among the various topics touched on during Tues’ #debate was #Trump’s #inheritance, brought up by VP #KamalaHarris as she addressed the #MiddleClass.
How much Trump received has seemingly been a sensitive point for Trump. He has often claimed it was a “very small loan,” but a 2018 David Barstow, [the brilliant] Susanne Craig & Russ Buettner NYT’s report refuted that.
#FactCheck #TrumpLies #InheritedWealth #SilverSpoon #GenerationalWealth #SelfMadeMyth #LyingLiarWhoLies
https://thehill.com/homenews/nexstar_media_wire/4873145-how-much-did-trump-inherit-from-his-father/ -
Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father
#FactCheck #TrumpLies #InheritedWealth #SilverSpoon #GenerationalWealth #SelfMadeMyth #LyingLiarWhoLies
https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html -
#Trump got $413M from his dad, much from tax dodges
#FactCheck #TrumpLies #InheritedWealth #SilverSpoon #GenerationalWealth #SelfMadeMyth #LyingLiarWhoLies
https://apnews.com/article/0452d29cd2564eaf97605ab90acc3a67