NYT Journalists Puncture Myth Of Trump As Self-Made Billionaire

[red dog 1]

Fresh Air
NPR
October 18, 2018

INVESTIGATIVE REPORTERS SUSANNE CRAIG AND DAVID BARSTOW SAY THE PRESIDENT RECEIVED TODAY'S EQUIVALENT OF $413 MILLION FROM HIS FATHER'S REAL ESTATE EMPIRE, THROUGH WHAT APPEARS TO BE TAX FRAUD.


(From show transcript)

TERRY GROSS; HOST

This is FRESH AIR. I'm Terry Gross.
Donald Trump's book, "The Art of the Deal," his TV show "The Apprentice" and his successful presidential campaign were based on his image as a brilliant, self-made billionaire.
But recent New York Times reporting reveals a different narrative.
It's based on a trove of more than a hundred thousands pages of documents, including confidential tax returns and financial records given to the Times by a secret source.

The documents reveal that by age 3, Trump was earning $200,000 a year as measured in today's dollars from his father Fred Trump's real estate empire.
Fred Trump made Donald Trump a millionaire by the time Donald was 8.
Over the years, Donald received today's equivalent of $413 million from his father's businesses.

Much of this money was transferred from father to son with the help of schemes designed to avoid paying taxes, some of which, according to my guests, were outright fraud.
Susanne Craig and David Barstow are two of the reporters at The New York Times who wrote a long investigative article about the many tax maneuvers Fred Trump devised to pass his vast fortune onto his children,
Susanne Craig writes about the intersection of politics, money and government for the Times.
David Barstow has won three Pulitzer Prizes.

In response to their reporting, a lawyer for President Trump provided a written statement saying:
"there was no fraud or tax evasion by anyone..The facts upon which the Times bases it's false allegations are extremely inaccurate."
But neither the President nor his lawyers disputed any of the specifics in the Times' financial reporting.

Read entire transcript, or hear Terry Gross' interview with Susanne Craig and David Barstow:
https://www.npr.org/2018/10/18/658442355/times-journalists-puncture-myth-of-trump-as-self-made-billionaire

[Achilleaze]

1. repubes adore Dirty Donny* for his lying and cheating

He is an embodiment of "republican family values," and the republican family-values role model for all their children. Sad.

* aka republican Draft-Dodger-in-Chief

[lindysalsagal]

2. His base will applaud enthusiastically: He ripped Dad off. "That's our boy!"

Reports like this are irrelevant at this point. The GOP cabal owns us all.