meta_pixel
Tapesearch Logo
Log in
iilluminaughtii

Trump Isn't Charitable. In Other News: Water is Wet | Corporate Casket

iilluminaughtii

Blair Zoń

Documentary, Education, Business, Society & Culture

4.4961 Ratings

🗓️ 12 October 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

Go to http://shipstation.com and use code CASKET to sign up for a free 60-day trial. Sign up for our Patreon to support what we do! https://www.patreon.com/iilluminaughtii Welcome to the Corporate Casket, a weekly series where bad businesses go to die. The Trump Foundation was formed by (of course) Trump himself and was originally meant to be a tax-exempt foundation where Trump could give a portion of his money to charity. Yet, the Donald J. Trump Foundation ended up becoming an organization meant to hide his shady exchanges and deals, a place where Trump helped himself—not charity. Connect With Me: https://linktr.ee/iilluminaughtii’ Sources: https://justpaste.it/d3ucl Writers/Researchers/Helpers: Ali Z-B This episode was edited and mixed by: G. Thomas Craig Album cover art created by: Betsy Primes Intro Song Credits: Trauma- Will Van De Crommert Outro Song Credits: Electronica Punch- Oleksandr Koltsov Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

If just thinking about your bills makes you feel confused and disorientated,

0:05.0

like your head is full of Raspberry,

0:08.0

then you need Monzo.

0:10.0

Download your new favorite bank and pay bills from custom pots.

0:15.0

Money never felt like Monzo.

0:18.0

UK residents, T's and C supply.

0:21.0

And I have assets.

0:23.0

A total net worth of $8 billion.

0:26.0

Net worth, not assets, not liability, a net worth.

0:30.0

After all debt, after all expenses. during an election opponents dig up dirt on one another. That's nothing new.

0:38.0

However, it's an entirely different ballgame when a politician calls someone out on their charity.

0:43.0

But in 2016, that's exactly what happened.

0:46.0

Donald Trump had worked hard to paint himself as a generous, filthy rich entrepreneur.

0:51.0

He bragged about his wealth, insisting he had over 8 billion dollars in

0:54.9

assets, even minus all his expenses, and insisted he had given away many millions,

1:00.9

especially to the Donald Trump Foundation.

1:03.7

Unlike a public charity, the Trump Foundation was a private tax-exempt foundation.

1:09.4

And just to very briefly summarize, that means that it didn't receive most of its money from the general public,

1:14.9

as these organizations typically get all their money from one individual, family, or corporation.

1:21.0

They tend to have a small board chosen by the donor or donors and contributions to them can be

1:26.4

tax deductible and donors tend to have a bit more control over where their money is actually

1:30.9

spent and this isn't anything unusual for the super-rich.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Blair Zoń, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blair Zoń and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.