A Trump question no one is asking

[TaxGuyParticipant]

When you become POTUS, you’re investments are put in a double-blind trust. Basically the POTUS is not allowed to know where his (not her) money is invested, so they will not make policy directly benefiting themselves monetarily.

So what happens when Trump becomes president? Will he be forced to sell his company? The one with his name on it? Can I own the Trump name?

I can’t imagine that he wants to sell his company, but it certainly seems he will have to. You can’t hire Trump Construction to build the wall.

I may vote for him just watch him have to sell his own name.

Order the good wine

[RennieParticipant]

I wondered about how he was going to manage both his financial assets and be President at the same time.

Guess the answer is: He’s not allowed to.

[Anonymous 6]

Just let his son takeover the business transactions. Hell, if anything ever comes out on the subject, he has plausible deniability by saying his son tookover when he became President. Can’t prove or disprove it.

[TaxGuyParticipant]

Anonymous wrote:

Just let his son takeover the business transactions. Hell, if anything ever comes out on the subject, he has plausible deniability by saying his son tookover when he became President. Can’t prove or disprove it.

I don’t think he can own it though. He would have to sell to his son, or gift it. If it’s really worth the $10 billion he has claimed, that about a $4-5 billion tax bill.

Maybe he’ll cut the deficit right there.

Order the good wine

[ResidentEvil7Participant 9547]

He’ll be fine.

https://themanszone.webs.com/

[Anonymous 3]

Maybe he will give the control of the company to an expert he trusts. Some leader guy who has been working well for him for long time. And he will keep the ownership of the company. Maybe the company gets renamed, and go to the open stock market if not done so yet. And then, from that time, Trump will just be a dude who owns a big bunch of stocks. And he may do all the stuff in reverse direction after the president years. But I’m not from US, do not know the rules that exist there.

[BeerParticipant 11832]

Anonymous wrote:

Maybe he will give the control of the company to an expert he trusts. Some leader guy who has been working well for him for long time.

Yeah that’s what I assumed would happen as well. Guys like him don’t just run small empires with nobody capable of taking the reigns if something should happen to him. Just look at the last 6 months or so with all the time he spent on the road campaigning…he’s pretty much not running his business right now anyhow. I don’t know it its going to be his kids or just some long time employee he trusts a lot, but if Trump were to die right now its not like his holdings would all implode without him at the helm since most of his work anyhow is just making the big decisions and delegating work out to his underlings.

I think the blind trust thing only really applies to liquid assets, like stock holdings. I don’t think they’d make him sell every one of his non-personal properties, and in the end its not like he can pretend buildings that say Trump all over them aren’t his. I think because so many of his holdings are so visible and publicly known it would make it practically impossible for him to pass backroom deals trying to siphon money to his interests like politicians love to do without being called out on it instantly. If anything people will probably be over the top about it and act like anyone involved in politics in any measure staying at a Trump hotel is some form of corruption, even though they are hotels politicians would be staying at even if Trump doesn’t get elected.

The sad part in my opinion though is well all know what a huge issue will be made out of this topic, where as the Clinton foundation is infinitely more corrupt, and the Clinton’s have more palms to grease and favors to pay back than Trump, and so many people on the left will just willingly turn a blind eye to this or act like you are a radical for thinking Clinton’s would try any sketchy s~~~ to hook big donors up. That would never happen…but we all know what a corrupt asshole Trump is who is going to pass an executive order mandating we all stay in one of his hotels at least 3 days a year and pay market rate to bring his occupancy rate up to 100% at all times.

[TaxGuyParticipant]

Beer:

I think the Clinton Foundation is going to be a huge issue, Trump will see to it. I just haven’t heard anything on the news one way or the other with Trump’s business. If it’s a big deal to know whether or not you own Apple stock, it should be an even bigger deal to have a company the size of Trump’s that could move ahead of time knowing whether or not a trade deal was going to be made.

Order the good wine

[AttonParticipant]

He more likely than not pre planed this entire issue.

A MGTOW is a man who is not a woman's bitch!

[PuebloboyParticipant 18]

Trump has been grooming his daughter Ivanka to take over his business completely when he is in office. http://fortune.com/2016/05/10/ivanka-trump-takeover/

[Author]

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