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TheMastersNemesis

(10,602 posts) Fri Nov 25, 2016, 03:24 PM Nov 2016

Trump Will Not & Cannot Do A Blind Trust. He Would Have To Sell All His Businesses.

Trump would have to sell all his businesses and put the money into a blind trust. It would probably mean that his name would have to come off all those buildings. We have never seen a president with his name on a building that was a business while he was serving in that capacity.

The other problem is that his children would be unemployed because all they have are is his business empire to run. In a way he cannot just sign the businesses over to them because that still would not avoid conflict of interest. And this is the first time we have actually had businessman with active international business as an president in waiting.

3 replies

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Trump Will Not & Cannot Do A Blind Trust. He Would Have To Sell All His Businesses. (Original Post) TheMastersNemesis Nov 2016 OP

which is why he should have thought long and hard about applying for this job Horse with no Name Nov 2016 #1

Not to mention that anyone interested in buying his businesses stopbush Nov 2016 #2

It is likely that the tax consequences make divestiture essentially impossible FarCenter Nov 2016 #3

Horse with no Name

(33,956 posts)

1. which is why he should have thought long and hard about applying for this job

Reply to TheMastersNemesis (Original post)

Fri Nov 25, 2016, 03:26 PM

Nov 2016

I am just in shock at what we are going to witness in this country.

stopbush

(24,396 posts)

2. Not to mention that anyone interested in buying his businesses

Reply to TheMastersNemesis (Original post)

Fri Nov 25, 2016, 03:29 PM

Nov 2016

would do so at fire-sale prices. You never get top dollar when potential buyers know you are being forced to sell.

FarCenter

(19,429 posts)

3. It is likely that the tax consequences make divestiture essentially impossible

Reply to TheMastersNemesis (Original post)

Fri Nov 25, 2016, 04:22 PM

Nov 2016

Many of his business interest undoubtedly involve considerable financial engineering to reduce or defer taxes. Prematurely ending those arrangements would result in a disastrous tax bill. It would be like a 45 year-old cashing out a regular IRA - completely stupid.

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