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This no different then when Joe Kennedy was put in charge of the stock market and only allowed certain friends to invest,. Then he setup this large trust on an island somewhere that had no taxes and insured the family of Drunks and Bums and one murderer would never work for a thousand years. Thank God John John didn't know how to fly an aircraft cause he was setup next to be in the WH.
@@armistice2358 With a whoosh that hard going past your head, you're really going to call someone else a retard? You might just need to take a good hard look in the mirror.
The reason fathers are immensely important in a child's life. That scheme is so obvious but, so clever. Avoid taxes by just getting money from family and play hot potato with the money and assets xDD Genius
Fred Trump was a KKK member and made his fortune building substandard housing on huge government contracts after WWII. Donald was getting GIFTS of more than a $1M before he left high school. He later participated in an inheritance tax scam that netted him and his sibs more than $450M. His sister, a sitting federal judge, had to resign to avoid censure by the court. The real pisser is she still gets her taxpayer funded retirement. Who say crime doesn't pay. The Trumps are an organized, some would say unorganized, crime family. If you believe Trump is a self made man you have fallen for his con.
Mvp-AngelOfGod so according to your twisted corrupt thinking, if others lie, cheat, steal, do unethical stuff, etc, that makes it okay to do the same. That’s a very fucked up method of validating fucked up behavior. 😡
@@Delirex1 He definitely was, although I don't view it as negative, you have to either play the system or let the system play you, there's no in between.
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
It's not about watching videos and wasting your time and strategy, I was ignorant doing so...I decided to try Mrs Serenay and ever since then she has made about $38,000 for every $4,000 I invested
Along the 30 glorious years work was more beneficial than finance. But it was unpleasant for the riches, then came the neo liberalism and its regular financial crisis.
That is the advantage of having a father. Bill Gates and Warren Buffet were also successful due to their father's personal contacts and a stable patriarchal family. When you come from a home consisting of an irresponsible single mother, just like me, the problems are constant. Because you don't have a confident and hardworking man by your side to teach you how to be a successful man.
@@eren.acoruja-x "An irresponsible single mother" are you kidding me? It's your father fault that he left and you wanna blame your mom for that? If she'd given up on you like your dad you would have no parent at all stupid, and before you say "oh triggered blahblah" know that I'm a 24yo man who grew up with both of my parents so there's nothing to be triggered about, you're just an idiot
That is the advantage of having a father. Bill Gates and Warren Buffet were also successful due to their father's personal contacts and a stable patriarchal family. When you come from a home consisting of an irresponsible single mother, just like me, the problems are constant. Because you don't have a confident and hardworking man by your side to teach you how to be a successful man.
That is the advantage of having a father. Bill Gates and Warren Buffet were also successful due to their father's personal contacts and a stable family.
Didn't he used to berate his son Fred Jr for wanting to become a pilot instead of going into the family business. Some say that caused his decline and alcohol abuse that later killed him.
@Woohoo Sadly, "eugenics" was bastardized, after the perversion of its doctrines by the Nazis. It was meant to be the study of how to arrange reproduction within a human population to increase the occurrence of heritable characteristics regarded as desirable.
He, like his son, was an unscrupulous sociopathic criminal. Aside from the many tax laws that they broke, the non-payment to their vendors and the immoral price gouging of their tenants, they also red-lined black people from their properties. They embody the worst characteristics of the stereotypical greedy and ruthless robber barons.
No sure if you can call tax fraud and backdoor government subsidies being an amazing businessman. Not much different in substance from saying that the drug cartels are amazing businessmen or that the mafia were amazing businessmen.
Not many dad's can afford to be their kid's own private welfare system. If Daddy wasn't rich, Donnie'd be on real welfare, lol. His father masterminded the whole self made man myth for him, too.
His father was a real family man, that is for sure. .. I dont care what he might have old and back taxes the man created something for his kids and I tip my hat to him for that many many people never accomplished a tenth of what that man did
OH, so don't pay his taxes. Cheating is fine as long as you end up rich in the end. No wonder our country is effed. The moral compass is gone. Carry on.
@@pamelawing5747 The man built a multi-million dollar empire. Something which you can never do. He only cheated in the transfer not in the actual creation of the wealth. And the creation of wealth from nothing is really what matters
Give me a BREAK. He got millions from Fred, NOT just the one million he likes to talk about. Read his book, The Art Of The Deal and HE calls all his likes "truthful hyperbole" . He's a criminal and you admire that and that says more about you than him.
Try turning 2 million dollars to $3b That is a 150,000% return on investment. Now it's fair to say he had a good starting point with his father's connections but in the end most people would lose their money rather than make more on their own.
FAITHandLOGIC yeah ! Who needs roads or schools or hospitals or police forces or administrative staff to run government or fire fighters to come and save your house when you set it on fire one night you moron
If anyone is willing to get his hands dirty, he can go filthy rich. Yeah! Trump inherited dirty filthy fortune from his ancestors including money of flesh trade from his grandfather's brothel business as well.
Tax avoidance is not tax evasion, I'd highly recommend everyone learn the loopholes themselves, as most of them are only inaccessible due to lack of knowledge, which schools don't teach. For a salaried person, your income taxes are automatically withheld, but you can leverage expenses to increase your refund. Past that, you need to come up with a way to shield your assets from taxes and risk, and there's no "one size fits all" solution for that.
@Will Derby I have no idea about Fred, so I can't speak to that. His son, however, had had his business life investigated, monitored, questioned, taken apart, accused, etc. for years. No corruption found. He's an honest, business savvy man, who knows how to work the system LEGALLY. And it would be ridiculous of him if he didn't take advantage of every LEGAL opportunity available.
@@mweskamppp I'm glad I don't. Fred made sure his kids got lots of money, but everything I've ever heard about him is that he was a cruel father who didn't show love or respect for his kids. Maybe Trump wouldn't be such a dick today if his dad wasn't a dick to him beforehand, or if he had given him a little of the approval that he clearly desperately needs.
Bypassing tax law and getting by due taxes through political alliances isn’t really admirable, it may be creative and ingenious but it isn’t admirable.
Real estate is where 70% of all wealth comes from. Real estate is just an amazing piece of financial art. Knowing how to properly used it, can generate massive gains. A great accounting & lawyer is all you need. Great stuffs 👍🏻
actually that EBT card came from the American taxpayers so that American citizens don't starve to death while trying to raise a family, So for Mother's Day get a card with some flowers and send it to the American taxpayers
The dad put a major money play in motion for his entire family structure...Avoiding paying high interest taxes, meanwhile teaching the game and doubling back to recoup all proceeds even in death...Astonishing....-Trusno🖤
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markeyfarrell 700k you can do alot with it, such as buy a 3 million dollars house and rent it out and let the house pay it self or opening a farm, or a solar panels field or start a business.
@@Chitenho1 - yes, lots of people could do a lot with that.. the point is the attack was on Trump doing it.. All I said was I expecting there is a good chance they would not come close. Trump did just what you mentioned. (maybe not the solar farm)
So in other words.. Donald's father was a smart businessman, who passed down the smarts to his kid... This is why I could never be on the left.. I have too much self respect that to whine about the success of others.
@Craig Carson how do you know that??? Had I inherited that money no way would I have been able to use it to become the most powerful man in earth haha,,, probably would have blown it on hookers booze and gotten conned out of the rest
@Craig Carson i mean his successful ventures make up for his failures, still a success story to me. Succes isn't in never failing, it's failing yet still moving forward.
@@markeyfarrell we've been trying to pay people out of poverty since 1965. The great "War on Poverty" , to which Reagan aptly observed, "poverty won". But the left wingers think it still will work, so they go about trying to create one govt subsidy after another to further enslave their voting base. Seemed to be working until Trump came along.
@@markeyfarrell I was contrasting the difference between personal welfare and so-called corporate welfare. Corporate tax breaks produce jobs, tax bases, and ancillary benefits such as supply chains. Personal welfare simply prolongs the low-ambition and irresponsible agonies for most recipients, many of whom consigned themselves to a life of addiction and stupidity. And, according to the democrats, we should support their tired asses forever.
Jackson Pactson America was built on free slave labor that benefited everyone except the Africans that contributed the blood sweat and tears. Also the systemic racism that sill exists today. That’s what I meant, this place wasn’t established for me.
Lies. It all started on November 12, 1955 when Old Biff gave young Biff Grays Sports Almanac and then successfully placed bets and built Biff Tannen's Pleasure Palace.
There's a difference between saving on taxes and being a crook . I don't mean it as a disrespect but if your dad took a smart approach to money he wouldn't be paying a lot of taxes and the saved tax money can be used to provide a better quality life for your family .
That is the advantage of having a father. Bill Gates and Warren Buffet were also successful due to their father's personal contacts and a stable patriarchal family. When you come from a home consisting of an irresponsible single mother, just like me, the problems are constant. Because you don't have a confident and hardworking man by your side to teach you how to be a successful man.
Ali Abbasi agreed I’d like to see them on donald sterling or other real estate tycoons. It seems like most big real estate firms keep it secret. And compared to the big firms the trumps were a small boutique firm
You might hate Donald but his father is a father we all wish we had. One who'd be there for you and push you towards greater heights and bail you out when you're in trouble. When I become rich, I'll transfer my wealth to my kids too.
His methods of lying about truly simple things like the number of floors actually in a building ought to have been a red flag. His failure to follow rules or laws needs serious consideration.
I think some things that were missed is that "losses" in business are reported as tax write-offs, inflation is basically a constant which means prices/values will generally go up over time, types of reinvestment of assets are exceptions to taxation, the amount of gifts that are tax free were high back in the day and are probably have only gotten higher over time.
Successful people don't become that way overnight.what most people see at a glance-wealth,a great career,purpose- is the result of hardwork and hustle over time.
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This explains why Trump has gone bankrupt six times or should I say his companies. Every person I have ever known that was raised wealthy always spent their parents wealth like a drunken sailor. That is why I told my kids you are getting a great education unlike myself and then you are on your own, you need to make your own way.
Yes you're 100% right but the cool thing is is how he learned from his mistakes and then made more money later it's like a Dad buying his kid a toy car and then that kid becoming a car engineer or something
William Jennings Bryan said in the 1800’s you can’t make a million dollars honestly… same thing now you can’t make billions or trillions without shenanigans…..
🚨We have received thousands of comments reporting that RUclips removed our most recent video, _Why I’m Suing RUclips_ from your sub-feed. Worse yet, they are now suppressing traffic to all of our other videos. We need your help. If you are reading this, _please_ take a moment right now to subscribe to our free Substack to make sure you receive our next video. ➡ businesscasualhq.substack.com (using a non-Gmail address is highly recommended)
Hate him or love him, you gotta agree that his Dad really put in all he could to make sure his children can survive and make a fortune.
Or the guy just wanted his name to be in the spotlight the same as the vanderbelts and rockerfellers. That is afterall the kind of era Fred came from.
I think this could be taken as a cautionary tale about providing your children with everything excepting a moral compass...
Hate him. Screwing everyone so your brat kid can grow up to try to destroy America isn’t an achievement
This no different then when Joe Kennedy was put in charge of the stock market and only allowed certain friends to invest,. Then he setup this large trust on an island somewhere that had no taxes and insured the family of Drunks and Bums and one murderer would never work for a thousand years. Thank God John John didn't know how to fly an aircraft cause he was setup next to be in the WH.
And this builds character?
Damn... Fred Trump really provided a real kick start for his kids.
nah it was only a small loan of a million dollars
@@armistice2358 sarcasm, do you know what it means?
@@armistice2358
With a whoosh that hard going past your head, you're really going to call someone else a retard?
You might just need to take a good hard look in the mirror.
The reason fathers are immensely important in a child's life. That scheme is so obvious but, so clever. Avoid taxes by just getting money from family and play hot potato with the money and assets xDD Genius
@@mikevarga6742 Exactly is what you do with the money you are given
In a nutshell, trade with your kids to bypass taxes!
🙌🙌🙌🙌🙌🙌
why not.
Lol the president of Angola!
Only if you are friend with the mayor so that you can stop all investigations in their track
@Dudley Burleson MAGA
Fred's entire existence was so his kids didn't have to work for anybody. That's remarkable.
Best dad ever
that's like basically all Chinese parents worldwide lol
Fred Trump was a KKK member and made his fortune building substandard housing on huge government contracts after WWII. Donald was getting GIFTS of more than a $1M before he left high school. He later participated in an inheritance tax scam that netted him and his sibs more than $450M. His sister, a sitting federal judge, had to resign to avoid censure by the court. The real pisser is she still gets her taxpayer funded retirement. Who say crime doesn't pay. The Trumps are an organized, some would say unorganized, crime family. If you believe Trump is a self made man you have fallen for his con.
@@scottbarron2934 go cry somewhere else. Like ever Billionaire didn't do shady stuff🤦🏾😂😂😂
Mvp-AngelOfGod so according to your twisted corrupt thinking, if others lie, cheat, steal, do unethical stuff, etc, that makes it okay to do the same. That’s a very fucked up method of validating fucked up behavior. 😡
His dad understood the system.
Yeahh
He was a thief!
@@kathypiazza7228 you don’t know him so don’t speak on his name like that
@@Delirex1 He definitely was, although I don't view it as negative, you have to either play the system or let the system play you, there's no in between.
@@kathypiazza7228 if he's a thief, what does that make the members of congress who not only let it happen but encouraged it?
Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
@Fadeuka Ivanhoe O' Yes I'm a living testimony of Mrs Serenay.
Hello I have been hearing about this Serenay mathieu How do I easily reach out to her please
@Linda Ray Thanks for the amazing recommendation it will help a lot
It's not about watching videos and wasting your time and strategy, I was ignorant doing so...I decided to try Mrs Serenay and ever since then she has made about $38,000 for every $4,000 I invested
I'm not here to converse for her but to testify just for what I'm sure of,
Dad was a smart dude
My dad is a dope
@@nsms1297 99.999999% are like this, so something doesn't fit ...
WE’RE DOING GREAT. I’M DOING GREAT. 100,000 American deaths by the end of May. WE’RE TIRED OF WINNING.
Pity about his kid!!
His dad was a kkk criminal
Actually, if you work, you get taxed. If you invest, you get tax breaks.
A lot of people miss that concept! Investing in america is far greater than working for america.
thats my next ig caption bro,thanks .
I live off investment income and every year the IRS basically does to me what those hillbillies in deliverance did to Ned Beatty's character.
Oprahs FatAss ouch 🤣
Along the 30 glorious years work was more beneficial than finance.
But it was unpleasant for the riches, then came the neo liberalism and its regular financial crisis.
‘In-Home Banking” at its finest. This should be a case study in colleges.
🤣👍
Thank you Business Casual. Very cool!
I know what I commented is a meme but I seriously love your videos!
You forgot the "very legal" part
@@dancesinblood should I add it? I think it's good as it is already
@@lukababilodze4283 Thank you DonutEater, Very Cool Comment
Can I have a free donut?
Respect and admire how Fred worked to give his kids a leg up. Parents work hard to give their kids a better start! Fred’s legacy is his children
That is the advantage of having a father. Bill Gates and Warren Buffet were also successful due to their father's personal contacts and a stable patriarchal family. When you come from a home consisting of an irresponsible single mother, just like me, the problems are constant. Because you don't have a confident and hardworking man by your side to teach you how to be a successful man.
That's a horrible thing to say about someone you've never even met.
oh wow'
@@eren.acoruja-x "An irresponsible single mother" are you kidding me? It's your father fault that he left and you wanna blame your mom for that? If she'd given up on you like your dad you would have no parent at all stupid, and before you say "oh triggered blahblah" know that I'm a 24yo man who grew up with both of my parents so there's nothing to be triggered about, you're just an idiot
@@j4genius961 Tbf, you don't know why his mother was single. His father could have died when he was young.
He inherited a real estate portfolio that was built by his grandmother.
Yes Elizabeth Trump
False
@@Calcific9 triggered
@@Murderbot2000 you?
Father you mean
That's a father every kid should have
Edit : this is not even a political comment just appreciating a dad.
Our father is hypocrisy 😂😂😂
That is the advantage of having a father. Bill Gates and Warren Buffet were also successful due to their father's personal contacts and a stable patriarchal family. When you come from a home consisting of an irresponsible single mother, just like me, the problems are constant. Because you don't have a confident and hardworking man by your side to teach you how to be a successful man.
@@eren.acoruja-x even me, atleast in your country you have future and job security
NOPE. THANKS I M GOOD
@@eren.acoruja-x wrong
Is what a father should do for his children. Well done Fred.
Since I was 14 my father made sure I knew he wasn't going to pay for my wedding. He kept his promise.
Dude if Obama dad did this they would try to lock him up
@@gregorybates2748 Not really...it's a moot point b/c Obama's father was not an American citizen. How was he supposed to get his own bank account?
@@dbjkatz very funny, the point is both Dad and son was a crook
Risk prison by doing illegal stuff?
His dad was such a g
What a lucky son
Facts
meanwhile my dad walked away before I was even born
So ur mom wasn't good enough to stop him
@@arqam1991 don't act like that it's not the time .
wahhh
Or did your mom cheat on him or use the gender bias family courts to take you away from him? Women do lie. Give it some investigation.
Sorry to hear dat bro but its these situations where u have to give da best of urself and make ur life da best for u
That man sure loved his kids.
That is the advantage of having a father. Bill Gates and Warren Buffet were also successful due to their father's personal contacts and a stable family.
@@eren.acoruja-x And Howard Hughes, Vince McMahon!
Didn't he used to berate his son Fred Jr for wanting to become a pilot instead of going into the family business. Some say that caused his decline and alcohol abuse that later killed him.
@Woohoo Sadly, "eugenics" was bastardized, after the perversion of its doctrines by the Nazis. It was meant to be the study of how to arrange reproduction within a human population to increase the occurrence of heritable characteristics regarded as desirable.
@@eren.acoruja-x i will be successfull without having a father
His dad’s blueprint was genius. I gotta model it.
W
Me too
U aint in the "big club" ...
Tbh, whether you like it, his father is an amazing businessman
Most businessmen are con men!
The government is a con
@Anon ⵣ well yh. At the end of the day ur a business man aka a con
He, like his son, was an unscrupulous sociopathic criminal. Aside from the many tax laws that they broke, the non-payment to their vendors and the immoral price gouging of their tenants, they also red-lined black people from their properties. They embody the worst characteristics of the stereotypical greedy and ruthless robber barons.
No sure if you can call tax fraud and backdoor government subsidies being an amazing businessman. Not much different in substance from saying that the drug cartels are amazing businessmen or that the mafia were amazing businessmen.
Damn, I can't even hate. Donald's dad was a blessing😊😊😊
i know right? such a good father
I know right,I would do that for my son
Ryan Sikhira hotep gotta do what hotep gotta do
breaking laws in a blessing now? i swear trumptards have no morals
Not many dad's can afford to be their kid's own private welfare system. If Daddy wasn't rich, Donnie'd be on real welfare, lol. His father masterminded the whole self made man myth for him, too.
His father was a real family man, that is for sure. .. I dont care what he might have old and back taxes the man created something for his kids and I tip my hat to him for that many many people never accomplished a tenth of what that man did
OH, so don't pay his taxes. Cheating is fine as long as you end up rich in the end. No wonder our country is effed. The moral compass is gone. Carry on.
@@pamelawing5747 you're talking bout "morals" in a country which is defined by its own people as CAPITALISM & INDIVIDUALISM ???? 😂 nice try.
@@ba.chin.em.ba.tam. Nice try, since your post is a word salad.
@@pamelawing5747 The man built a multi-million dollar empire. Something which you can never do. He only cheated in the transfer not in the actual creation of the wealth. And the creation of wealth from nothing is really what matters
Give me a BREAK. He got millions from Fred, NOT just the one million he likes to talk about. Read his book, The Art Of The Deal and HE calls all his likes "truthful hyperbole" . He's a criminal and you admire that and that says more about you than him.
Meanwhile my father has been asking me for money
LOL
Pmsl😃🤣👏👏
Lol
😀
Simple Answer: He basically got some "Free Real Estate"!
After proving to his father that he knows what hes doing.
*it's free real estate*
It's free realstate
Meme plays in the back ground
It would later enable him to invest heavily in 'free feel estate'.
pp rr exactly
I see a story of a fantastic father, financially as well as a mentor.
Jan bol yeah, having a father who was extremely racist and able to get his son out of the Vietnam War draft, are really great attributes of a mentor.
chuck sussman u knoe what time this is, everybody were racist, even the president
Henrik U can I get that in proper English?
Jan bol, read Mary Trump’s book!
he was a scam artist.
Just a small two million dollar loan from papa
Lol
Try turning 2 million dollars to $3b
That is a 150,000% return on investment.
Now it's fair to say he had a good starting point
with his father's connections but in the end most
people would lose their money rather than make
more on their own.
By the way, that is a 3000% ROI annually since he was in his early 20's.
Think about it.
I seriously thought it was a small 1 million loan! 🤔
Logic that’s true, not knocking him for that. He definitely used the power of leverage
4:51 you sneaky bastard, that's a very suprising trap
I noticed it too, Felix from Re:Zero^^
@@chairwood no u
😼😏😂
But what is that doing there!!
He does this is in every video lol. It's kinda ridiculous
Meanwhile my dad left me when I was 2 and wont even send me 100$ for car payment. GG Fred MVP dad
I love that there’s no hate in this comment section but appreciation
People don't hate people purposely. They don't accept them when bullshit fly either.
Mmm! sounds like classical Greece: father-son connections. Donald, how dare you
They love his father, trump himself did nothing
Read my post then.
😂😂😂 There’s a lot of hate comments 😂😂😂
Money goes where it's most welcome. People should be reminded of that more often.
Fred was a real hustler!
Fred was a smart dude!
@Matt Taxation is theft. Good for him!
FAITHandLOGIC yeah !
Who needs roads or schools or hospitals or police forces or administrative staff to run government or fire fighters to come and save your house when you set it on fire one night you moron
Plain machinations to cheat govt.
If anyone is willing to get his hands dirty, he can go filthy rich. Yeah! Trump inherited dirty filthy fortune from his ancestors including money of flesh trade from his grandfather's brothel business as well.
And a SOLID Klansman!!!!!
Tax is only for the salaried class :(
Yessir
False
@@Gman0440-Gamer Correct. How unjust.
How about profit tax for the business
Tax avoidance is not tax evasion, I'd highly recommend everyone learn the loopholes themselves, as most of them are only inaccessible due to lack of knowledge, which schools don't teach. For a salaried person, your income taxes are automatically withheld, but you can leverage expenses to increase your refund. Past that, you need to come up with a way to shield your assets from taxes and risk, and there's no "one size fits all" solution for that.
So what you're saying is that Fred was a shrewd businessman.
@Will Derby I have no idea about Fred, so I can't speak to that. His son, however, had had his business life investigated, monitored, questioned, taken apart, accused, etc. for years. No corruption found. He's an honest, business savvy man, who knows how to work the system LEGALLY. And it would be ridiculous of him if he didn't take advantage of every LEGAL opportunity available.
Fred was actually pretty smart. Also, I wish I had that father and son bond lmao.
Donalds older brother was smart too, being pilot and all. Just not asshole enough to be a businessman in Freds eyes.
@@mweskamppp No he died for drinking too much and not interested in the business unlike Donald
@@mweskamppp I'm glad I don't. Fred made sure his kids got lots of money, but everything I've ever heard about him is that he was a cruel father who didn't show love or respect for his kids. Maybe Trump wouldn't be such a dick today if his dad wasn't a dick to him beforehand, or if he had given him a little of the approval that he clearly desperately needs.
I think better description of him would be a criminal, but to each his own.
I read the title as *"How he really got his **_Free Real Estate_** "*
STOP CORPORATE WELFARE.
@jestersMadhouse typical trump lover projection
@Evariste Galois hey i understand that reference
*it's free real estate*
His siblings aren’t as rich, he had a head start but also had a lot of personal wins.
My goodness! How can people be so smart? It's just admirable.
Bypassing tax law and getting by due taxes through political alliances isn’t really admirable, it may be creative and ingenious but it isn’t admirable.
@@henrylivingstone2800 Creativity and ingenuity are admirable traits.
@@kingstarscream320
Yes but not when it is used in criminal activity or is used to escape social responsibilities.
How some people are so smart ? Ask drug dealers ! They don t pay taxes too
@@henrylivingstone2800 once you or even i have that much of a wealth i am sure we would avoid such social responsibility.
Fred put a lot of “ trust” in his kids literally to do the right thing😂
He's here all week
And they did the right thing
@@paulallen1939 The right Trump thing- be crooks!
@@kathypiazza7228 I can tell you hate capitalism and love socialism
Also Fred's Father and mother set up another not Trump family member
Real estate is where 70% of all wealth comes from. Real estate is just an amazing piece of financial art. Knowing how to properly used it, can generate massive gains. A great accounting & lawyer is all you need. Great stuffs 👍🏻
Fred became such a great real estate sales man because he was taking advantage of navy men going to war and veterans coming back from war after WW2
Stocks are much better than real estate for building true wealth but continue.
@@jarronjackson6670 True. But real estate Is not as risky as stocks.
@@toplyrics457 Risk is everywhere bro. The man that gets ahead in live is taking calculated risk.
The1Americanpride1 -I fix it for you
We just gonna ignore how Felix from Re: Zero is in the background at 4:55
Hehe, I thought only I noticed it
My mother gave me a small loan of $47.50 on her EBT card.
Consider yourself lucky,start with what you get, that's the moral of the story👍
It's not your fault if you're born poor, but it's your fault if you die poor.
actually that EBT card came from the American taxpayers so that American citizens don't starve to death while trying to raise a family, So for Mother's Day get a card with some flowers and send it to the American taxpayers
The dad put a major money play in motion for his entire family structure...Avoiding paying high interest taxes, meanwhile teaching the game and doubling back to recoup all proceeds even in death...Astonishing....-Trusno🖤
Professionals of cheating the system. USA Treasury never tried to get the back taxes with interest. Plus how did his father get a government loan?!
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His dad went from $0 to 700 mil, that was a lot harder than Trump went from 700 mil to 3 billion
so, you go from $0 to 700K, then give that to your kid so he can take it to $3 million.
markeyfarrell 700k you can do alot with it, such as buy a 3 million dollars house and rent it out and let the house pay it self or opening a farm, or a solar panels field or start a business.
@@Chitenho1 - yes, lots of people could do a lot with that.. the point is the attack was on Trump doing it.. All I said was I expecting there is a good chance they would not come close. Trump did just what you mentioned. (maybe not the solar farm)
markeyfarrell yeah thats pretty easy
And here I though you guys were the smartest in the block
Finance is not merely about making money. It's about achieving our deep goals and protecting the fruits of our labor. It's about stewardship!
making money helps tho.. right?
@@DanafoxyVixen Yeah of course! :)
@@el_equidistante Evidently.
@@el_equidistante life is unfair... that's why nice people are losers and assholes are winners... this is reality...
He is officially the greatest father ever
I second it
Smart businessmen find ways to pay as little as possible in taxes. Unfortunately, the majority of people have to pay the full amount.
That's always been the idea.
So in other words.. Donald's father was a smart businessman, who passed down the smarts to his kid...
This is why I could never be on the left.. I have too much self respect that to whine about the success of others.
@Craig Carson how do you know that??? Had I inherited that money no way would I have been able to use it to become the most powerful man in earth haha,,, probably would have blown it on hookers booze and gotten conned out of the rest
Craig Carson high risk, high rewards.
@Craig Carson i mean his successful ventures make up for his failures, still a success story to me. Succes isn't in never failing, it's failing yet still moving forward.
ok everything I had learned about taxes is now blown away!
All rich people do something like this.
Yeah hopefully those evil rich people with their schemes of philanthropy will "FEEL THE BERN" when our hero Bernie Sanders
gets elected!
@@whiterider1414 This did not age well
Something tells me that Bernie will not be President.
Not all of them but most of them yes
And what do poor ppl do???
Fred was a badass!
He kinda looks like Sully from Uncharted
His father put Donald on his back carrying him 😂 😂 😂
Now thats a Good Dad. Everything he ever did was for his family. Trump lucked out to have such a good father.
Tax evasion and government subsidies, same old wealth formula.
Jedi Master no one gets rich doing the legit things lol
@@ems901 Well that's debatable.
I mean without cutting corners and that type of thing.
Emily Sweet - facts
In NY it's not tax evasion of you donate the money you evaded paying to a crooked politicians.
His casino sank because he named it Taj Mahal. The name itself has blood related history...
Corporate welfare at it's finest.
yep. Seems to have worked better than eternal subsidies to poor who are still.....poor.
hell of a lot better than government welfare even at its finest.
(btw.. it is 'its', not "it's" - see how government schools work?)
@@markeyfarrell we've been trying to pay people out of poverty since 1965. The great "War on Poverty" , to which Reagan aptly observed, "poverty won". But the left wingers think it still will work, so they go about trying to create one govt subsidy after another to further enslave their voting base. Seemed to be working until Trump came along.
@@felixu-mh2mx i agree.. not germane to the topic, but i agree.
@@markeyfarrell I was contrasting the difference between personal welfare and so-called corporate welfare. Corporate tax breaks produce jobs, tax bases, and ancillary benefits such as supply chains. Personal welfare simply prolongs the low-ambition and irresponsible agonies for most recipients, many of whom consigned themselves to a life of addiction and stupidity. And, according to the democrats, we should support their tired asses forever.
I guess that’s the true American dream.
For the right color of person of course
Fire Bug what do you mean by that ?
Jackson Pactson America was built on free slave labor that benefited everyone except the Africans that contributed the blood sweat and tears. Also the systemic racism that sill exists today. That’s what I meant, this place wasn’t established for me.
Fire Bug oh I understand
Fire Bug where is there systematic racism in America?
He’s a good father. He laid the ground work for his kids. He’s a great man
Yes exceptional Klansmen one of the wealthiest KKK members 🤭
Lies. It all started on November 12, 1955 when Old Biff gave young Biff Grays Sports Almanac and then successfully placed bets and built Biff Tannen's Pleasure Palace.
Some very creative financial engineering there.
A nice way to avoid the bitter truth of stealing tax money but never returned it, made of course possible by corrupt politicians.
@@willyvlyminck201 American Government in a nutshell.
@@willyvlyminck201 Tax is stealing.
Im proud of my father for being a hard working tax payer. He was never a crook
There's a difference between saving on taxes and being a crook . I don't mean it as a disrespect but if your dad took a smart approach to money he wouldn't be paying a lot of taxes and the saved tax money can be used to provide a better quality life for your family .
This is exactly the type of journalism we need to see more! Good video!
Don’t forget the tax abatements the city of New York granted Trump on those Manhattan properties
also all the other MILLIONS of tax abatements granted to MILLIONS of other people in NYC.
So in other words, Donald owes his success to the hard work of his daddy. Somehow that doesn't surprise me
Him and his pop was crooked
I can’t stop thinking about the irony and insanity of Elon Musk becoming the richest person in the world why they individual who has spent $20billon.
@James Franklin And he currently Invest in Cyptocurrency.
No amount of money can certify Elon Musk. I’ll say he needed more that’s why he is investing on Bitcoins. Investing over 1.5 billion dollars.
He invested in Bitcoin because he is aware of the profit he would make.
@Tanimu Fatima My advice for everyone right now is to invest into the market 💲💲as it more profitable.
I wanted to trade crypto but got confused with the fluctuations of price.
The bible said that a good man lives wealth for his kids Mr Fred was a good man
That is the advantage of having a father. Bill Gates and Warren Buffet were also successful due to their father's personal contacts and a stable patriarchal family. When you come from a home consisting of an irresponsible single mother, just like me, the problems are constant. Because you don't have a confident and hardworking man by your side to teach you how to be a successful man.
@@eren.acoruja-x correct.
@Doris Castillo no he tought his children to be successful
Oh boy, I bet the comment section isn't at all filled with politics!
Pan Rysownik yeah totally no politics anywhere
All comments must be Party Approved Correct Thinking and Speech, about Counter Revolutionary Capitalist Trump.
The guy received Federal assistance to build apartment complex and later privatized it through the trust. And what did the Federal government get?
It's hard to make money but it's harder to keep it.
could you do video on other real estate tycoons?
Love ur videos
keep up the great work
1 million subscribers by end of 2019
Ali Abbasi agreed I’d like to see them on donald sterling or other real estate tycoons. It seems like most big real estate firms keep it secret. And compared to the big firms the trumps were a small boutique firm
Donald Trump was born into Wealth with a Silver Spoon
so what. so have been well over half the Presidents, Senators and Congresswo/men. Create a silver spoon for yourself and pass it to your family.
@@markeyfarrell Well said
Doesn't he he claim to be a self-made billionaire? markeyfarrell?
So what some people have it better im gonna creat a silver spoon and pass it on and be better than my parents so my kids will never have to work
I'm wondering how Fred learned all those movements and tricks
We're learning them too now.. Trump is attacking the Scum Politicians.. it amazes me he gets resistance from supposed "Liberals".
From skill share
i mean he literally started at 12
10:01 14Million?
$40 million actually. Still a very low number at $5000 a door. But not $14mil.
You might hate Donald but his father is a father we all wish we had.
One who'd be there for you and push you towards greater heights and bail you out when you're in trouble.
When I become rich, I'll transfer my wealth to my kids too.
His methods of lying about truly simple things like the number of floors actually in a building ought to have been a red flag. His failure to follow rules or laws needs serious consideration.
Plz do Mercedes Benz...
Agree
This family is crook itself from father to son.
Go tell it to ur Chinese parents
I can't be the only person seeing the cat person @4:55 💀
This should be retitled how Fred made Donald and his children rich...
My dad also used to own lots of real estate and he passed it on to me out of my 6 sibilings.
Your siblings must've been pissed?
Only you?
Basically a story of a smart father saving his son everytime !!
He took care of his kids. The means maybe a little shady but can't hate that he did whats good for his kids.
Nobody:
Dads who come back come from the grocery store in an hour:
Ok, what's with the image in the background at 4:57?
it's in every video, anime easter egg. i don't know which anime shes from
SURE LOOKS LIKE DAD BROUGHT HIM UP WITH GREAT VALUES THATS WHY HE HELPS HIS KIDS THE WAY HE DOES
I think some things that were missed is that "losses" in business are reported as tax write-offs, inflation is basically a constant which means prices/values will generally go up over time, types of reinvestment of assets are exceptions to taxation, the amount of gifts that are tax free were high back in the day and are probably have only gotten higher over time.
Successful people don't become that way overnight.what most people see at a glance-wealth,a great career,purpose- is the result of hardwork and hustle over time.
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Fred really made his kids never work for others but instead be the boss
The real wolf of new york...
Nah.
WE WERE SO POOR MY FAMILY HAD TO SHARE ONE BEAN, THE MICE MOVED NEXT DOOR SO THEY WOULDN'T STARVE....MY BROTHER AND I HAD ONE SHOE..HOPING FOR ANOTHER SOME DAY..... WE OPENED A SHOE STORE, WHICH BECAME MANY ! AND DID VERY WELL ....🇺🇸🇺🇸
Who needs luck, when your father has a nest egg of $430, 000, 000 built up, ah who needs business smarts.
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This explains why Trump has gone bankrupt six times or should I say his companies. Every person I have ever known that was raised wealthy always spent their parents wealth like a drunken sailor. That is why I told my kids you are getting a great education unlike myself and then you are on your own, you need to make your own way.
Fred was a real G! My man was really making it out there….mad respect
it should be a 1 minute video. his daddy gave him a small loan and most of the money he lost and use was other peoples money. con man at its finest.
"Dad, I want some real estate." That's how he got it.
Yes you're 100% right but the cool thing is is how he learned from his mistakes and then made more money later it's like a Dad buying his kid a toy car and then that kid becoming a car engineer or something
I have one quastion!From where you have this information?Can you give your sources?
Its important for family to help one another
William Jennings Bryan said in the 1800’s you can’t make a million dollars honestly… same thing now you can’t make billions or trillions without shenanigans…..