It was at this moment that I realized Trump was an "Outsider" as far as the Big Club was concerned.
I would characterize this differently. Imagine an actual real club.
Given that unless you're a Bush or Kennedy or someone like that, Trump has always been very his very childhood way more involved in politics than virtually anyone else....which means he's inside the Club. He might sit at a different table, but you or I are not in the club at all. We can't even visit the club.
The only way we could get onto the property that the club is on is like get a job as a parking valet or a waiter. So the outsider thing has also been a pose. LIke the idea that Trump built his business himself. Wealth and his father's political connections have always been behind Trump.
Also far from being an outsider Trump has access to the media like few people ever. He's sought it out for over 40 years. I'm from NYC. Guy was always in columns and often on the front page.
Trump was friends with Cohn, Rubinstein and Moses. You can't get more inside than that. Let me explain.
Robert Moses was the master builder of New York. His biography, The Power Broker is 1,200 pages. That's how influential this guy was. The book about how politics and power really works. Moses was more powerful than mayors and the governor. He was a personal friend of Fred Trump,
Both Moses and Fred Trump wanted to and partially succeeded in changing Coney Island to get rid of amusements.
Roy Cohn who goes back the McCarthy hearings in 1950s, was by the 1970's the biggest fixer in NY politics/society He was Donald Trump's mentor and friend. Cohn literally was the lawyer for the head of the Gambino AND the Genovese families who are the two most power Mafia families in American history AND was the lawyer for the archbishop of NY. Cohn and Trump were super tight. Cohn introduced Trump to Roger Stone.
Howard Rubinstein was public relations guy. He was the "godfather of NYC PR." He might have been biggest PR man in America. He was known as a master of damage control. Rupert Murdoch's PR guy. The New York Yankees too. Donald Trump has been working with him since 1973.
And if you search on these names, you find, like I just did, a 1985 NY Times article on WHO RUNS NY NOW. Trump, Rubinstein and Cohn are all listed among the power brokers of the day. It mentions that Donald's first big deals, as opposed to Fred's, came about because the Trump political connections got him tax abatements. Donald's first deal had a tax abatement that was still going on all through his presidency. It was a 40 year abatement.
Thanks for the history lesson fren. I appreciate it.
Tax abatements are used all the time in every major city. It's called Tax Incremental Financing or TIF. Cities set up Tax Increment Districts or TIDs as a way to incentivize development. They are usually in blighted areas that have fallen into decay and no longer produce a Tax base. The new development, which typically involves a tax abatement for many years, is offered to first movers to get projects started. As the area becomes revitalized the second and third movers do not receive the abatements and the overall Tax base goes up with all of the new developments.
There is nothing nefarious about this at all. It's a great way to mitigate risk for first movers.
In fact, Trump took this concept nationwide during his first term with the Opportunity Zone program. It was one of the many economic miracles that Trump created and it benefitted the poorest areas of communities more than anything else.
If you look into this one, the Grand Hyatt Hotel, it's hard to conclude it's anything other than sketchy.
By 2016 the abatement returned 3x times the amount of the cost of building the Hotel and still had 4 years to go. This is because it went for an absurd 40 years. NYC has never ever given any other project a 40 year abatement. it also was not available to other developers only to Trump because again the mayor and the governor had known him since was a kid. And it was in a place where development started taking off, it's right near Grand Central, superb location....meaning it wasn't needed in the first place.
but my larger point, was Trump got his first deals done entirely through his family connections. If no Fred, no Donald. Fred had to sign for the bank loans, because Donald couldn't get financing and his political connections got him the project in the first place.
I would characterize this differently. Imagine an actual real club.
Given that unless you're a Bush or Kennedy or someone like that, Trump has always been very his very childhood way more involved in politics than virtually anyone else....which means he's inside the Club. He might sit at a different table, but you or I are not in the club at all. We can't even visit the club.
The only way we could get onto the property that the club is on is like get a job as a parking valet or a waiter. So the outsider thing has also been a pose. LIke the idea that Trump built his business himself. Wealth and his father's political connections have always been behind Trump.
Also far from being an outsider Trump has access to the media like few people ever. He's sought it out for over 40 years. I'm from NYC. Guy was always in columns and often on the front page.
Trump was friends with Cohn, Rubinstein and Moses. You can't get more inside than that. Let me explain.
Robert Moses was the master builder of New York. His biography, The Power Broker is 1,200 pages. That's how influential this guy was. The book about how politics and power really works. Moses was more powerful than mayors and the governor. He was a personal friend of Fred Trump,
Both Moses and Fred Trump wanted to and partially succeeded in changing Coney Island to get rid of amusements.
Roy Cohn who goes back the McCarthy hearings in 1950s, was by the 1970's the biggest fixer in NY politics/society He was Donald Trump's mentor and friend. Cohn literally was the lawyer for the head of the Gambino AND the Genovese families who are the two most power Mafia families in American history AND was the lawyer for the archbishop of NY. Cohn and Trump were super tight. Cohn introduced Trump to Roger Stone.
Howard Rubinstein was public relations guy. He was the "godfather of NYC PR." He might have been biggest PR man in America. He was known as a master of damage control. Rupert Murdoch's PR guy. The New York Yankees too. Donald Trump has been working with him since 1973.
And if you search on these names, you find, like I just did, a 1985 NY Times article on WHO RUNS NY NOW. Trump, Rubinstein and Cohn are all listed among the power brokers of the day. It mentions that Donald's first big deals, as opposed to Fred's, came about because the Trump political connections got him tax abatements. Donald's first deal had a tax abatement that was still going on all through his presidency. It was a 40 year abatement.
Thanks for the history lesson fren. I appreciate it.
Tax abatements are used all the time in every major city. It's called Tax Incremental Financing or TIF. Cities set up Tax Increment Districts or TIDs as a way to incentivize development. They are usually in blighted areas that have fallen into decay and no longer produce a Tax base. The new development, which typically involves a tax abatement for many years, is offered to first movers to get projects started. As the area becomes revitalized the second and third movers do not receive the abatements and the overall Tax base goes up with all of the new developments.
There is nothing nefarious about this at all. It's a great way to mitigate risk for first movers.
In fact, Trump took this concept nationwide during his first term with the Opportunity Zone program. It was one of the many economic miracles that Trump created and it benefitted the poorest areas of communities more than anything else.
If you look into this one, the Grand Hyatt Hotel, it's hard to conclude it's anything other than sketchy.
By 2016 the abatement returned 3x times the amount of the cost of building the Hotel and still had 4 years to go. This is because it went for an absurd 40 years. NYC has never ever given any other project a 40 year abatement. it also was not available to other developers only to Trump because again the mayor and the governor had known him since was a kid. And it was in a place where development started taking off, it's right near Grand Central, superb location....meaning it wasn't needed in the first place.
but my larger point, was Trump got his first deals done entirely through his family connections. If no Fred, no Donald. Fred had to sign for the bank loans, because Donald couldn't get financing and his political connections got him the project in the first place.
So The Donald is the first to use his dad's credibility and connections to get some opportunities?
⚡️Shocking⚡️
I understand you are not a fan of President Donald J Trump and I am fine with that.
u/#trumpflag