Friday, November 18, 2016

Wall Street Journal Calls On Trump to Sell His Hotels. Golf Courses and Other Properties

Oh yeah, this is going to happen.

From a Wall Street Journal editorial on how Trump can resolve conflicts of interest that emerge before he becomes president.
Mr. Trump’s best option is to liquidate his stake in the company. Richard Painter and Norman Eisen, ethics lawyers for George W. Bush and President Obama, respectively, have laid out a plan, which involves a leveraged buyout or an initial public offering.

Mr. Trump could put the cash proceeds in a true blind trust. The Trump children can keep the assets in their name, and he can transfer more to them as long as he pays a hefty gift tax. Finally, Mr. Trump should stipulate that he and his children will have no communication about family business matters.
This is silly. People are always driven by something, In Trump's case, I believe it is ego at present more than money. He probably thinks he is the second coming of JC--Julius Ceasar,

This is why he will make a horrific president, not because he has hotels and golf courses around the globe.

  -RW