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#selfmademyth — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #selfmademyth, aggregated by home.social.

  1. #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.

    #FactCheck #TrumpLies #InheritedWealth #SelfMadeMyth

  2. 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
    washingtonpost.com/politics/20

  3. 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
    thehill.com/homenews/nexstar_m