patrick.net
An Antidote to Corporate Media
1,189,880 comments by 13,850 users - AmericanKulak, EBGuy, Patrick online now
Trump still beat the S&P 500
invite response
2019 Mar 24, 9:59pm 1,135 views 2 comments
by AD ➕follow (1) 💰tip ignore
Comments 1 - 2 of 2 Search these comments
1
MrMagic
2019 Mar 24, 10:09pm
MrMagic
2019 Mar 24, 10:09pm
AD says
One small detail the NYT omits, Trump produced jobs for over 22,000 people around the world, plus think of all the companies that provide products and services to all of Trump's businesses. How much have all those employees invested in the market and what's their net worth?
When you add all that value together, he blows the S&P away in total value.
Fake news again at the NYT.
The NY Times stated "Here is what can be said with certainty: Had Mr. Trump done nothing but invest the money his father gave him in an index fund that tracks the Standard & Poor’s 500, he would be worth $1.96 billion today."
One small detail the NYT omits, Trump produced jobs for over 22,000 people around the world, plus think of all the companies that provide products and services to all of Trump's businesses. How much have all those employees invested in the market and what's their net worth?
When you add all that value together, he blows the S&P away in total value.
Fake news again at the NYT.
However, even Bloomberg low ball estimates claim Trump is worth at least $2.8 billion. So Trump beat the S&P 500.
I give him credit for that and landing on his feet (after bad investments like the Taj Mahal, Eastern Airlines, and Plaza Hotel) to have a net worth of at least $2.8 billion.
https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html?action=click&module=Top%20Stories&pgtype=Homepage