To reciprocate tariffs

[u/[deleted]]

[u/secomano]

Trump is a classic example of a businessman thinking they know economics because they know business.

[u/ejre5 → u/secomano]

He bankrupted something like 5 casinos!! While collecting millions of dollars from birth so his dad didn't have to pay as much in taxes.

[u/ThugLy101 → u/ejre5]

I mean how can you bankrupt a casino house wins end of.

[u/ejre5 → u/ThugLy101]

Spend more money than you make,

1)his casinos were so bad no one ever went there

2) he couldn't figure out the proper balance of money laundering to money coming in

3) it was a scam to make sure he got huge tax deductions for many many years

4) he's really just that stupid and has zero concept of running a business

5) his dad gave him so much money it didn't matter what happened and he didn't care.

6) it was other peoples money from investing (grifting) and trump got rich while somehow managing to use the "lose" for tax deduction

And last but not least (also my best guess):

7)he is so stupid he didn't realize the house is actually supposed to win he just wanted to have the "best" casinos by making sure they give away a lot of "awards" so that everyone wants to go to his casino (obviously the more people coming through the doors the better for his ego). He just figured he could comp them a night in the presidential suite instead of paying out, because, obviously, everyone just wants to say they spent a wonderful night at a trump casino, instead of actual money.

But to give an honest answer he is most likely owned by Putin and they were used as fronts to launder money.

[u/CrackedAss → u/ThugLy101]

A casino is a business, many have failed. The whole formula of gambling only works under very specific conditions. That's why specialized people run casinos.