It’s worse than that, a 15% on completed product, you still make the same amount of money selling, and when buying the parts. Only the consumer feels it.
Build here and you pay the costs, you’re putting the money up front and don’t know if consumers will even bother buying at the higher prices you have to charge to make up for material tarrifa.
You’d have to be an absolute idiot to exapnd American manufacturing right now, especially knowing anything can change daily…
honestly trump has to be the best money launderer to ever live
It just occurred to me that it might be possible to launder money through loses and insurance instead of generating clean profit.
Like say he stiffs a contractors who’s both insured and in on it. They pay their workers dirty money under the table while the clean money comes from the insurance policy.
Nah, because there’s no way to really wash money doing that.
That’s just insurance fraud lol.
What I meant was, even before the washer takes a cut, it costs money to wash it. Maybe 30% gets lost in the wash, then 10% for the washer, you get 60% back and that’s good enough.
With trump, you pay him 100k dirty money, he gives you back 120k in clean money, and is happy because you said he was the best.
Like, sure, sounds to dumb to be true. But remember we’re talking about how to bankrupt a corrupt casino. The answer is going to sound incredibly stupid, it’s have to be
If you want to argue that I’m calling laundering fraud than fine youre correct. But I think you’re confusing the cup and ball game I’m describing for a washing machine.
With trump, you pay him 100k dirty money, he gives you back 120k in clean money, and is happy because you said he was the best.
No you build him 100k of work which he doesn’t pay you for. You pay your (illegal) workers dirty cash under the table. Insurance company pays you the 60% of the contract value.
Interesting theory, but it seems that would increase insurance rates for the contractors wildly. This would need to be a “one and done” for each contractor.
Just keep spinning up new shell corps with a different henchman owner on paper. That’s IF the rates get too high. The goal is to keep your goons paid so they can earn you money in other illegal ways.
Would explain how trump keeps finding companies willing to get stiffed by him.
Also who knows if he had an insurance broker in on it.
Just keep spinning up new shell corps with a different henchman owner on paper.
There’s an interesting parallel to this in the school bus world, which is why if you pay attention to the buses you’ll see an ever-changing roster of weirdly-named private bus contractor companies. These companies generally make money by operating old, poorly-maintained buses and hiring cheap drivers without checking very closely into the status of their CDLs and school bus endorsement cards or rigorously drug-testing and alcohol testing (or doing child molestation criminal checks like they’re supposed to). They end up costing school districts that privatize more money than operating their own transportation departments did because of greatly elevated accident rates; once their records become truly heinous they fold up and re-open under some weird new corporate name (Total Transportation Corp, KRAPF, Tony Placebo’s Bus Services etc.) and set about bribing more school districts into privatizing.
But we love our children here and would do anything to keep them safe!
That’s one of the reasons to license trades. If you need a Master Electrician for your business’s electrical contractor’s license, it’s a lot harder to spin up fake companies with random, because becoming a Master Electrician takes years of work.
Electricians aren’t magicians, and anybody can learn to do what they do fairly quickly. But making the process require rlyears of work means they’re less-likely to cut corners or participate in shady deals. They don’t want to risk their license.
The casino WAS fined for handling undeclared foreign funds, however it was in the midst of the bankruptcy so somehow his money laundering got swept under the rug.
Apt metaphor … the casino is now being run by a compulsive gambler surrounded by fellow gamblers who all think they’re going to win even more money by gambling all the casino money away.
It’s worse than that, a 15% on completed product, you still make the same amount of money selling, and when buying the parts. Only the consumer feels it.
Build here and you pay the costs, you’re putting the money up front and don’t know if consumers will even bother buying at the higher prices you have to charge to make up for material tarrifa.
You’d have to be an absolute idiot to exapnd American manufacturing right now, especially knowing anything can change daily…
all the genius it takes to bankrupt a casino is at play here…
Something I just found out about that, it went bankrupt after his dad bought 300,000,000 in chips with no intention of cashing them out.
Even if it was a mob front, especially if it was a mob front, that’s just fucking insane. Being a front means a guaranteed profit for the business.
Like, honestly trump has to be the best money launderer to ever live, because he got his ‘clients’ money washed with over a 100% return.
And every indication, trump is dumb enough to think that’s a good thing.
It just occurred to me that it might be possible to launder money through loses and insurance instead of generating clean profit.
Like say he stiffs a contractors who’s both insured and in on it. They pay their workers dirty money under the table while the clean money comes from the insurance policy.
Nah, because there’s no way to really wash money doing that.
That’s just insurance fraud lol.
What I meant was, even before the washer takes a cut, it costs money to wash it. Maybe 30% gets lost in the wash, then 10% for the washer, you get 60% back and that’s good enough.
With trump, you pay him 100k dirty money, he gives you back 120k in clean money, and is happy because you said he was the best.
Like, sure, sounds to dumb to be true. But remember we’re talking about how to bankrupt a corrupt casino. The answer is going to sound incredibly stupid, it’s have to be
If you want to argue that I’m calling laundering fraud than fine youre correct. But I think you’re confusing the cup and ball game I’m describing for a washing machine.
No you build him 100k of work which he doesn’t pay you for. You pay your (illegal) workers dirty cash under the table. Insurance company pays you the 60% of the contract value.
It’s a quid quo pro.
Interesting theory, but it seems that would increase insurance rates for the contractors wildly. This would need to be a “one and done” for each contractor.
Just keep spinning up new shell corps with a different henchman owner on paper. That’s IF the rates get too high. The goal is to keep your goons paid so they can earn you money in other illegal ways.
Would explain how trump keeps finding companies willing to get stiffed by him.
Also who knows if he had an insurance broker in on it.
There’s an interesting parallel to this in the school bus world, which is why if you pay attention to the buses you’ll see an ever-changing roster of weirdly-named private bus contractor companies. These companies generally make money by operating old, poorly-maintained buses and hiring cheap drivers without checking very closely into the status of their CDLs and school bus endorsement cards or rigorously drug-testing and alcohol testing (or doing child molestation criminal checks like they’re supposed to). They end up costing school districts that privatize more money than operating their own transportation departments did because of greatly elevated accident rates; once their records become truly heinous they fold up and re-open under some weird new corporate name (Total Transportation Corp, KRAPF, Tony Placebo’s Bus Services etc.) and set about bribing more school districts into privatizing.
But we love our children here and would do anything to keep them safe!
That’s one of the reasons to license trades. If you need a Master Electrician for your business’s electrical contractor’s license, it’s a lot harder to spin up fake companies with random, because becoming a Master Electrician takes years of work.
Electricians aren’t magicians, and anybody can learn to do what they do fairly quickly. But making the process require rlyears of work means they’re less-likely to cut corners or participate in shady deals. They don’t want to risk their license.
You don’t need to be a master electrician to “own” a licensed company, you just to have one your staff to operate under their license
Yeah, but there aren’t an unlimited number of MEs. And MEs have a bunch of power over an EC, since the company can’t operate if they walk.
Sounds like an inheritance tax dodge.
russians routinely buy his properties to launder money through.
The casino WAS fined for handling undeclared foreign funds, however it was in the midst of the bankruptcy so somehow his money laundering got swept under the rug.
Apt metaphor … the casino is now being run by a compulsive gambler surrounded by fellow gamblers who all think they’re going to win even more money by gambling all the casino money away.