Trump leached huge tax abatements for every one of his projects. One tax abatement wasmfor approximately $100 million.
That was a huge leach on the backs of the taxpayer’s of New York City, or were you unaware of this fact? Sadly, you will now make up some excuse for this corruption.
NYC OFFERED it.
Your claim is meaningless without a comparison to all other buildings developed in that time frame in that location, whether they received a similar break; and also whether NYC netted a positive tax flow from the upscale tenants who moved in. NYC now has some of the most astronomical real estate values in the world -- apartments and office spaces going for $15 and $17 million dollars, which would bring high ongoing financial stream to the surrounding economy from tenants able to afford high rents and from the settlement fees on such big-ticket space purchases, etc -- so your concern has to be evaluated in light of all the facts, not just the initial tax structure.
It also depends on what was created in return.
And, btw, if you are a homeowner as millions are you take a write-off on the interest which is your version of the tax abatement.
Give me a break. Trump has created lot more wealth and jobs than you have.