Donald Trump is 'Very Good at Losing Other People's Money'

Trump biographer Jerome Tuccille on why the real estate tycoon is not a capitalist.

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Donald Trump is 'Very Good at Losing Other People's Money'

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Reason interviewed the first biographer of Donald Trump who has a warning for taxpayers: "[Trump] doesn't do a deal unless other people are putting up the money. He's very good at losing other people's money and preserving his own," explains author Jerome Tuccille. 

Watch the full interview here.

Run time: 1 minute.

Camera by Todd Krainin and Joshua Swain. Edited by Amanda Winkler.

Scroll down for downloadable versions, and subscribe to Reason TV's YouTube Channel to receive immediate updates when new material goes live.

Comments

[Chipper Morning Wood]

Then he is perfect for government.

[pronomian]

Yea. There's not difference between him than every other political leader other than the reach around. Using and losing corporate money to fund stuff, sounds like a win. He's been saying he's going to use mexico's money to build this great wall. At least he's consistent in that.

[Sanjuro Tsubaki]

Jerome could be jumping the gun, but his instincts are correct.

[Sanjuro Tsubaki]

Chances are, the next president will be a total scumbag.

[Win Bear]

Actually, that part doesn't sound bad to me: Trump knows all the sleazy ways in which people extract money from government, so once his job is government, he knows what he is up against. Part of the reason Obama has been such a huge crony capitalist is because he is so incompetent that he doesn't even understand what he is doing.

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[macsnafu]

Trump has long bothered me, even before he became a presidential candidate. With his track record, why does anybody have any confidence in his financial deals, to the point of being willing to loan or put up millions of dollars?

[Mike Steinberg77]

Putting aside the clear bias against Trump, I think you do need to admit that he has a point about illegal immigration. This is imposing massive costs due to a lack of assimilation. California is a scary case study and Trump deserves credit for having the courage to point this out.

"Research on Los Angeles immigrants by Harvard University scholar George J. Borjas shows that 40.1 percent of immigrant families with non-citizen heads of household receive welfare, compared with 12.7 percent of households with native-born heads. Illegal immigrants also increase public expenditures on health care, education, and prisons. In California today, illegal immigrants' cost to the taxpayer is estimated to be $13 billion half the state's budget deficit."

http://www.npr.org/templates/s.....=112167023

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[dsquaredoutlet]

If Trump serves any purpose at all, it's to kill what's left of the stupid 2-team system. Everyone jokes that the primary season is always about also-ran politicians, "seven dwarfs," etc., but this time they've scraped the bottom of the barrel. Trump's buffoonery, Hillary's in-your-face crookedness, Christie's "spy on everyone and double-down on the WoD, and Bernie's "free everything for everyone as soon as we seal the borders and stop trade." It's beyond trolling. They can't seriously expect anyone with an IQ above 75 to consider voting for ANY of them. It's like the people who pretend voting is still important decided to have a good laugh at the public's expense.

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