Pretty much. They also sold stock in the shell company to Top Union Pacific Railroad Assuming I’m Just An Old Man Was Your First Mistake Vintage Shirt members of Congress in return for their support in passing legislation paying Union Pacific’s bills. Thanks to that government support, the shell company looked hugely profitable and those shares became quite valuable. This is also exactly what Fred Trump, Donald Trump’s father, did to pass on assets to his children estate tax-free. He set up companies that his children were the owners of and marked up expenses 50-100%. The shell companies did absolutely nothing but got to keep all of the money.
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Yeah, but here’s the thing. You’re not rich enough to benefit from stuff like that. You just have to pay more taxes because those assholes use every possible loophole. There is Top Union Pacific Railroad Assuming I’m Just An Old Man Was Your First Mistake Vintage Shirt a difference between loopholes and illegal actions. Most of what the Trumps did was illegal and not merely a loophole. Regardless, Trump DEFINITELY isn’t a “self-made man”. In fact, he would have a lot higher net worth had he not screwed up most of what his father built.
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It’s also fascinating that even the name for Top Union PacificRailroad Assuming I’m Just An Old Man Was Your First Mistake Vintage Shirt the shell company, Credit Mobilier, was a seeming attempt at fraud. There was a French banking company by the same name that was well known for financing big construction projects. I imagine letting the public mistake one for the other didn’t hurt Union Pacific’s scheme. So exactly what trump did with his inauguration? Hired his own companies to build everything for the inauguration and overcharged the government/taxpayers to do it?
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