I rarely follow new blogs these days, as I don’t have time to keep up with the ones I already follow, but recently one crossed my path that seemed exceptional, so I followed it. The blog is Enigma in Black, and according to the authors bio it is “one man’s opinion about matters primarily involving politics, education, and race.”
We all know that Trump is profiting from the presidency, that he sees this nation as his own private domain and that his hired thugs are profiting as well. This post, however, shines some new light on it all and is appropriately titled, “The Licensing of the Presidency (White House for Sale)”. Thank you, Enigma, for both this excellent post, and your permission to share.
It’s how Trump has done business the past couple of decades. After six bankruptcies, Trump did learn a new trick and started selling his name and not trying to run a profitable business. Trump doesn’t really own many of the properties with his name on them. In 2015, his name was on seventeen properties in New York of which he owned only five. At present, the number of buildings in New York with his name has dwindled to eleven, as the six“Trump Place” properties elected to have the Trump name removed. The Trump Organization continues to manage the properties. A typical deal involves Trump licensing his name which once attracted buyers/renters for a fee while also being paid for management duties.
Trump’s new business model allowed him to eliminate risk while raking in a percentage, whether the venture succeeds or fails. When The Trump Ocean Club International Hotel and Tower…
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