Great story from Robert Reich.
Reich says he asked a Trump supporter why he was for the Donald. The guy said he was for Trump because Trump was a highly successful businessman. Reich asked how the man knew Trump was a success. The man said that Trump must be a success because according to Forbes magazine, he is worth four and a half billion dollars.
Reich asked the Trump supporter if he knew that in 1976 Trump was worth about $200 million, most of which he had inherited. Well, said the Trump support, that just proved that Trump was a great businessman. He turned $200 million into $4.5 billion.
“But,” said Reich,”if he had just put that $200 million into an index fund and reinvested the dividends, he’d be worth twelve billion today.”
So much for Trump’s business smarts.
And, a lot of Americans want to turn the American economy over to this guy. We would be better off NOT having a President rather than having Trump run things. Manage the U.S. economy? Give me a break. Trump couldn’t even manage his own money.
Read Reich here:
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