Do you think he will agree to put his assets in trust while he is president?
i understand there is no way around it.
He cannot direct his own money in any way.
He has a trustworthy organization, including his grown children. He knows they will look after his/their interests.
Three of his older children are heavily involved in managing Trump businesses. He'd just take himself out of it and turn it over to them and the officers of the various entities.
That would take care of anything but purely personal investments.
You must play chess. You are moves ahead of the competition.
"Do you think he will agree to put his assets in trust while he is president?i understand there is no way around it.
He cannot direct his own money in any way."
I'm sure he would use a blind trust, but since he rakes in so much dough from real estate rent and fees and the like, it will appear less blind than you think. In other words, if the economy starts booming he will be fully aware that his assets are ringing the cash register.
And this isn't really a bad thing at all. Previous Presidents like Clinton and Barry had no huge assets going in to office that would benefit/crash on account of the performance of the economy. They had no skin in the game, hence their concern was lacking.
Your question is interesting though because there is no Constitutional requirement to use a blind trust. The check and balance is the old fallback - Congressional scrutiny and threat of impeachment. Who wants to bet that if there were a (D)ummycrat Congress and Trump in the white house that they would suddenly find religion and exercise their oversight.
Still, the majority of his assets involve real estate, so and as president he can’t be blinded to impacts on the real estate market.
This is a case, as used to be quite common on state and municipal levels, where you’re counting on the rich guy to do what’s right, because he’s already got plenty of money and therefore not going to be corrupted. The correct assumption traditionally was that the poor guy in office was more easily bought. (Hello, Bill Clinton.)
I understand there is no way around it.
He cannot direct his own money in any way.
Orly?
I wonder when they passed that PC bullshit?
He cannot direct his own money in any way.
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His kids are executives that are running very large portions of his holdings. They are very astute in business dealings.