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Well trump did say he'd run the country like one of his businesses. Bankrupt, devoid of legitimate investors and full of corruption. It all checks out folks, still can't believe people where dumb enough to vote for this
Did some research a while back.
Mango Mussolini failed businesses:
Successes:
Isn't failing a business on purpose for profit a shitty but viable strategy? I've seen at least one YouTuber who explains how this stuff works but it escapes me every time so I'm wondering if anybody has insight on this.
There are definitely beneficial tax/benefit implications to failing businesses in certain situations. (Similar to how if you suck at stocks, you get perks.) Not out of the realm of possibilities. Given that his early life had successes, it could very well be that he learned failure is more profitable. Given the silver spoon in his mouth, less possible he learned, rather than existed and bumbled into it. Either way, not someone to put a lot of stock in. When you're bootstrapped with a certain amount of money, as long as your accountants keep you from being an abject fool, you'll never be poor a day in your life. Like, if most Americans had somewhere around $5 million invested conservatively, (don't trust this number, random deep memory grab that may be in error, and based on current money in the last decade) they could live on the dividends (money generated) while never touching the nest egg, and live a normal comfortable life without working for the rest of their lives.
Failing a business is only profitable because of abuse of laws. Laws can be changed, and should be. Success should always be the goal.
There's legitimately an entire genre of CEO that exists in the USA just to go into a company and purposely destroy it, and collect a golden parachute exit payout, for example. Shouldn't ever exist.
Is it funny or sad that I know all this, yet I work my ass off to survive?