You have got to read this investigation into the Trump Foundation. It’s a great big scam. Trump has not built up an endowment, he has no employees, and all he does is beg his cronies to put money into it that he can dole out to generate the appearance that he does charitable giving…or worse, that he can use to buy himself extravagant gifts. If there is going to be any criminal investigation of a political candidate, he ought to be the target.
The Donald J. Trump Foundation is not like other charities. An investigation of the foundation — including examinations of 17 years of tax filings and interviews with more than 200 individuals or groups listed as donors or beneficiaries — found that it collects and spends money in a very unusual manner.
For one thing, nearly all of its money comes from people other than Trump. In tax records, the last gift from Trump was in 2008. Since then, all of the donations have been other people’s money — an arrangement that experts say is almost unheard of for a family foundation.
Trump then takes that money and generally does with it as he pleases. In many cases, he passes it on to other charities, which often are under the impression that it is Trump’s own money.
But, you know, I read the whole thing as an indictment of Trump’s venality and corruption, and I realized that he is so corrupt that he probably reads it as praise for his great business sense. Except for one paragraph. I bet this is the one thing that will burn.
The most money it has ever reported having was $3.2 million at the end of 2009. At last count, that total had shrunk to $1.3 million. By comparison, Oprah Winfrey — who is worth $1.5 billion less than Trump, according to a Forbes magazine estimate — has a foundation with $242 million in the bank. At the end of 2014, the Clinton Foundation had $440 million in assets.
The worst thing you can say to Donald Trump: he’s small, cheap, and poor.
If you don’t believe me, here’s Donald Trump on 11 September 2001.
Only parenthetically in the middle of the 10-minute conversation did Trump turn to a favorite topic-size.40 Wall Street,he said, referring to his 71-story building blocks away from the now-collapsed twin towers,actually was the second-tallest building in downtown Manhattan, and it was actually, before the World Trade Center, was the tallest-and then, when they built the World Trade Center, it became known as the second-tallest. And now it’s the tallest.
There weren’t any videos of Muslims celebrating the fall of the twin towers, but there was one orange capitalist barely containing his glee at a rival building getting knocked down.