Trump, 64, was launched into the world of million-dollar deals by his father, Fred C. Trump, who left a $250-million estate based partly on building government-backed housing for middle-income tenants in Brooklyn and Queens. Early in his career, Donald Trump abandoned his father's formula and instead made a name for himself developing luxury hotels and apartments in Manhattan. But like his father, he continued to rely on government incentives.

Trump's first major real estate triumph in Manhattan was to buy and transform the Hotel Commodore, a derelict colossus at Grand Central Station. He was 27 when he persuaded the city and a state development corporation to back him in the makeover and enlisted Hyatt to operate the new hotel, which would be called the Grand Hyatt.

Under pressure from Trump, whose father was a longtime political ally of then-Mayor Abe Beame, the city granted the project the 40-year full property tax abatement.

So, basically he is very good at his job. Most cities have economic development money and programs to help boost the economy. It's how America works.

Elon Musk makes his money off of government subsidies but takes it out of America and does nothing for any local economy. Libs love that thief.

Trump FTW Wrote:
-------------------------------------------------------
> So, basically he is very good at his job. Most
> cities have economic development money and
> programs to help boost the economy. It's how
> America works.
>
> Elon Musk makes his money off of government
> subsidies but takes it out of America and does
> nothing for any local economy. Libs love that
> thief.

Goes to show you, Republican peasant white trash call corporate welfare being smart and good at his job. The epitome of hypocrisy.

Trump FTW Wrote:
-------------------------------------------------------
> So, basically he is very good at his job. Most
> cities have economic development money and
> programs to help boost the economy. It's how
> America works.

Explain to me how that isn't socialism?

You RINO's should take Trump and get the hell out of the Republican Party if you want to tax working class Americans to death and hand it to people who didn't earn it.

The most outspoken republicans I know are always getting government benefits or working for a company the government is funding.

If you are a plumber or auto mechanic than I fine with your republican talk. But STFU if your company is paying you off gov contracting money.

It's called economic development. You'd have to be an American to understand.

Lib failure continues Wrote:
-------------------------------------------------------
> It's called economic development. You'd have to be
> an American to understand.

Exactly. Government exists solely to serve our economic interests. It is there to help us make piles of money and keep everyone else in their place. How dare you liberals take our institution and turn it against us.

Conservatism at work Wrote:
-------------------------------------------------------
> Lib failure continues Wrote:
> --------------------------------------------------
> -----
> > It's called economic development. You'd have to
> be
> > an American to understand.
>
> Exactly. Government exists solely to serve our
> economic interests. It is there to help us make
> piles of money and keep everyone else in their
> place. How dare you liberals take our institution
> and turn it against us.


Urine idiot. Tax breaks to bring businesses to the state and local level is a way to lure companies into areas to provide economic growth and jobs to the people living in that area. The revenue is never lost. It is gained by the expenditures the business creates and the taxes they generate. It's not like bailing out your GM executive buddies because their car compamy failed, closed down generational dealerships and stole money from all the workers and tax payers only so that they go right back and work the same failed business model that made them fail in the first place.

You libs get dumber and dumber everyday.

I didn't even read what you said and can say:

#1 subsidies are the specialty of the democratic party

#2 texbook: subsidies benefit "those invited" and cause scarcity
(penalize those not in political favor)

#3 DC City property owners have been caught leasing buildings to
city of DC that ARE NOT USED BY DC - collecting gov money
for EMPTY buildings

#4 economic rent is price above actaul cost - in corrupt areas
certain people are paid more TAX MONEY by order of the people
they are leasing from - who ARE that powerful in town

#4 Trump didn't specialize in tax break properties - for example
he has owned hotels (not all which were "housing emergency funded
homeless people by government picking of who gets a free hotel room")
(that's a new dem thing - in the past there was NO SUCH THING)

------------------------

any given property magnate is not in control of counterfeiting by USA democrats or republicans - giving illegals free hotel rooms, letting illegals build luxury apartments slated as "poverty family dwellings" - which in democrat areas goes to democrats only, and etc

i'm sure in the business it's about "the future value that can be counted upon, and the benefit of the next alternative"

Trump once complained USA made huge orders for office space then "re-negged" upon it and needed a huge order of housign, leaving office space holders barren robbers instead of robber barrons

^^ (at the top, they have to worry about office, factory, free, living space per capita and likely usage per area, is what the news article was about)