>its easy to make billions of dollars with a loan of 1M dollars
>>74282008
With jews you lose
Lol fucking left wing faggots.
>>74282008
Doesn't even mention the real reason the college closed was because of plummeting student enrollment that happened after Jane Sanders left
>>74282492
thanks captain obvious
>>74282008
it is easy.
the issue is how fast you want it to become 1B.
the faster you want the 1B the more dangerous and risky it is.
the safest way albait the slowest is buying real estate or apartments and renting them out.
not only will they guaranteed return the money. you will earn a stable income with as little as 2 rented properties.
>>74282008
He built fucking casinos, fuck off.
>>74284107
. . .
so obviously anyone who has ever had 1 million dollars turned it into billions i guess
oh wait
that is incredibly rare
faggot
has bernie done anything btw?
its not like VT has single payer health care, or free public colleges
I'm reading Art of the Deal and one of the first things he brings up when talking about his father is a 10 million dollar loan he received to construct a single building. 1 million in their line of work is not a lot of money.
It's fucking context. $20 is a small amount to go shopping for a TV, but it's a lot when you need to buy a coffee. People will ignore this, though, because it doesn't fit their narrative.
![donald-trump-is-dumb-comic[1].png](https://i.imgur.com/FbtyVyX.png "donald-trump-is-dumb-comic[1].png")
>>74282008
>>74282492
Why was Jane Sanders such an important person for the college? Did people only attend because Mrs. Sanders was working there?
Surprised?
>>74284594
http://www.theatlantic.com/politics/archive/2016/05/what-happened-at-burlington-college/482973/
>In announcing the closure, the school blamed the "crushing weight of the debt" from the purchase of a new campus in 2010, during Sanders’s tenure. Burlington said its bank had pulled the school’s line of credit. The college was already at risk of losing its accreditation—which is essential for receiving federal funds and conferring legitimacy—if it could not resolve its financial difficulties.
He's full of shit
>>74284940
that sucks, poor college
>>74282008
>who could have known that you could run out of other peoples money T-T
>>74284433
He yelled about capitalism... A LOT.
>>74284589
didn't he inherit most of his money?
>>74286663
he inherited 100 million after he had already made 2 billion himself, he multiplied his fathers worth many times over
why didn't they just use more of other people's money?
>>74283572
Until section 8 housing hits.
>this kills the community
>>74286663
No. You could have just googled it. Where does disinfo like this come from?
>>74286864
He inherited a portion of his father's estate. That portion is estimated to have been worth between 40 and 100 million, though some argue its value is as high as 200 million.
People don't seem to understand how wealth works though. He didn't inherit between 40 and 100 million dollars as cash. He inherited property and ownership of businesses whose sum total value was estimated at that amount. Meaning if he immediately liquidated all of it, as in sold all of it, he would get about that much money.
People, particularly Trump critics, seem to have a hard time grasping this. They say things like "he's been bankrupt 4 times" or "he has 8 billion dollars." They're incapable of separating the ideas of wealth and money, and apparently they also have a hard time separating the corporate from the personal (i.e. going bankrupt vs declaring a business bankrupt).
>>74286663
>>74288069
His father died in 1999. I don't see how inheritance is even a relevant argument for Don's success.
>>74282492
>Burlington College said its financial troubles are connected to Mrs. Sanders’s 2010 purchase of 32 acres of lakefront property, part of a botched expansion plan. The college was placed on academic probation in 2014 by its accrediting agency and it faced cash flow problems due to the imminent loss of a line of credit, The Post’s Nick Anderson reports. To survive, the school has tried to sell land but it was not enough to remain solvent.
If she hadn't massively overestimated the ability of the college to expand and overpaid for property the college couldn't meaningfully use the college would be fine.
>>74288340
I agree, but I believe it was inherited before his father died. He passed on the business, not just money, although probably also money when he did die. Similar to how Donald Trump plans to pass on the company to his family when he's elected.
>>74288489
Correct. He received most of his inheritance in the late 70's or early 80's. However, it's idiotic to assume that any growth his father's old company experienced under Donald's leadership was incidental, or something that would have occurred naturally if it were left alone. The fact remains that 90% of the things he has run have flourished BECAUSE of his guidance.
>>74286864
well over 100Mn. if you take hit net worth at 1982 reported by Forbes, he was worth $200mn after running his father's business for 8 years.
Take $200mn and multiply it by 147.9% total inflation since 1982 by the fed bureau labor stats. (495.8m) and then multiply that by a steady 9% guaranteed return (not very much at all - this return is safe and most money markets can promise it, as well as the majority of investors getting around this amount, with the best investors in the world getting around 15% [milton friedman])
Considering forbes puts him at 4bn net worth right now,
Growth Rate = (4bn / 495.8mn)^(1/24 years) - 1
Comes out to be 9%, as expected.
Trump did nothing more than run a measly company that generated profits that would be expected from literally putting that money into a money market and sitting on your ass.
>>74288069
Interesting. I'm gonna screencap this conversation for future reference and look into this to confirm it's true.
>>74284529
One of Trump's first sizeable loans was $120 million to renovate a hotel he financed using the original million dollar loan.
Not everybody can wrap their heads around the value of a dollar and even fewer can see money as capitol and not food and rent.
>>74288785
>bashing trump for creating tens and thousands of jobs
>trump did nothing but run a company that employs thousands
>>74288785
>putting that money into a money market and sitting on your ass.
And now you have to live 30 years with zero income while waiting for that money to accrue value from appreciation.
>>74288785
>Trump did nothing more than run a measly company that generated profits that would be expected from literally putting that money into a money market and sitting on your ass.
Also: became a worldwide celebrity, best selling author, has his name on major buildings all across the world, became a playboy who married a model and has several successful children, ensured his legacy for hundreds of years, employs tens of thousands of Americans, and is using aforementioned success/legacy/name to run an incredible presidential campaign. What a fucking idiot, am I right?
>>74288785
This argument pisses me off most of all.
>Lol Trump shouldn't have done anything with his money, he'd have just as much now anyway.
Good to know the left doesn't give a shit about the working class. Trump has created thousands upon thousands of jobs for people, and the media still can't find a single fucking employee of his who's been mistreated or has anything bad to say about him. But screw all of that, he's an idiot for doing any of it because.... just because, apparently.
Your math is also based off of the absolute highest estimate of his net worth in 1982, and an estimate of his current net worth that is $4 billion shy of his reported net worth. You've fudged the numbers by using Forbes's projections. Any other estimate for either of those two figures would indicate far more growth than 9%.
